BITCOIN blows the trumpet - NO ONE wants to hear that!!!Hello everyone,
I know no one wants to hear this, but it's time to come clean to all the MOON boys who are making promises and keeping you happy. What does the chart tell us, what is more likely and what are the possible scenarios for bitcoin?
First - anyone who has been following me for a while knows I am currently perma-bear on bitcoin. My short analysis has hit the mark and so far I have no reason to doubt that this assessment will continue. To rule out conflicts of interest immediately - I am flat on crypto - and with good reason! I trade stocks and that's currently a lot more fun than the coins. Anyone who is interested can have a look at my other analyses!
Even in the current mood of the end of time, Bitcoin can clearly hold on to formations that are now becoming clearer in the chart. We are talking about the trumpet 📣
"The Trumpet (Broadening Formation) is a relatively rarely occurring chart formation. Basically, it is a triangle open to the right, whose boundary lines run further and further apart at the top and bottom. The angle at which the upper and lower boundary lines diverge can be arbitrary. Normally, however, the formation is symmetrical. This means that the boundary and support lines diverge at the same angle. There is no favoured direction of breakout. The trumpet can occur both as a trend continuation formation and as a reversal formation (top formation)."
What this means to me is clear. A definite statement cannot yet be made. Nevertheless, a clear tendency can be seen here and it doesn't look so great. The price remains weak, continues to fall and recoveries are more of a homeopathic nature! A breakout on the downside is therefore currently much more likely for me. The problem here is that if the formation breaks out to the downside and the price cannot be intercepted, the crypto market will probably be trapped in a long-term and tough crypto winter for good!
The only possible remedy: the price must leave the formation to the upside, or be caught vigorously at shot target 3 on a breakout to the downside! Honestly, I wish it to everyone who is invested here!!!
Please pay attention to our risk note! I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action!
If you want to support my work I'm happy about a like & follow 🙏
Best regards & success!
Max from ChartDigger
Chartdigger
🚨 LTCEUR - Perfect trade with 54% profit ✅ Hello dear readers,
the idea for this trade was presented by me HERE on April 11th and was a real picture book trade :)
Now the trade is finished:
Symbol: LTC/ EUR
Duration of trade: 12 days
Profit: 54% Conservative
All price targets worked off: Yes
So this trade can be filed away, on to the next one :)
As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action!
If you want to support my work I'm happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
🚨 UPDATE ETH/BTC - Trade successfully completed!Hello dear readers,
I presented the idea for this trade HERE on 22 March.
Now the trade is finished:
Symbol: ETH/BTC
Duration of trade: 15 days
Profit: 22% Conservative
All price targets worked off: Yes
With that, this trade can be filed away, on to the next one :)
As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action!
If you want to support my work I'm happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
Bitcoin Simply Thought - BTC Price AnalysisHello dear readers,
I am a big fan of keeping the chart simple and clear.
I think there is a common thread in every chart. Of course, there are hundreds of analyses and approaches for one and the same situation. But the intersection, that is, the overarching direction of the market participants is particularly interesting. It is like a primary trend (not individual), with the corresponding outliers in the secondary trend (individual opinion). To recognise this intersection, a clear analysis is often better in my view. The obvious factors will have the most influence, and not a swing in one of x indicators.
That is why I have kept this BTCEUR analysis very simple but relevant:
- The primary trend continues to move bullishly in an uptrend channel. It is always more likely that a trend will continue than that a reversal will occur. . Accordingly, there is no good reason for this corner to believe in a trend reversal in BTC as long as the trend channel with the D-Close can be held!
- On the contrary, the price is currently at an entry point from the perspective of the trend channel.
- Resistance becomes support! After Bitcoin first failed very frequently at the horizontal resistance zone marked, it finally managed to break through. A resistance that can be overcome becomes a support. As this resistance was very strong, I also estimate the support to be strong.
Conclusion:
- The market structure remains intact.
- The price is at an exciting entry point. Support here is provided by the trendlines and the horizontal level.
- The price target looks realistic, a sensible SL enables a trade here with a CRV of over 4.
- If the trend channel is left with the closing price, I end the trade.
As always, it is "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call for individual action!
If you want to support my work I am happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
ZALANDO share price analysis - rather weak in the medium term!Hello dear readers,
Teaser: Purchase 🔼 from insiders
Volume: € 39.88 m
Market capitalisation: € 22 bn
Potential: Short
Insiders have been making decent moves on ZALANDO lately. In the long term, this may be a good idea, but what about the short term? Can we possibly get even better entry prices?
Chart-technical assessment
- The share price has been showing slight weakness for some time. The price has left the major trend channel to the downside.
- The current consolidation is developing below the trend channel in the form of a pennant. This formation is considered a trend continuation formation and thus supports the medium-term prospect of further falling prices.
- Wave E has been completed and thus a breakout on the downside should be imminent in the next few days.
The plan
- As long as the pennant is not exited to the downside, I do not expect prices to fall further "yet".
- However, should the formation be exited to the downside, I would like to establish a long position at the price target of this formation, at around 64 points.
- Updates on this idea will follow as soon as facts have been created here.
If you want to support my work I would be happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
TESLA Trade - The short opportunity par excellence!Hello dear readers,
I don't want to say too many words. I have often explained in my Tesla analyses why I tend to see Tesla short in the medium term.
So far, however, these analyses have never turned into trades, which I would now like to change!
The risk is not small, but the opportunity with this trade is very large. Therefore, I can justify this trade for me with a small position.
- The chart has been updated
- Short position opened at the golden pocket and relatively tightly hedged with the SL.
Now we have to be patient.
If you want to support my work I am happy about a like & follow 🙏
Best wishes & success!
Chartdigger
SIEMENS ENERGY - prime example of technical analysis!Hello dear readers,
Today I have brought you SIEMENS ENERGY, a particularly exciting stock. Due to the low price history, it shows us in a perfect example what technical analysis can do!
First a few facts
Siemens Energy AG
Legal form: stock corporation
ISIN: DE000ENER6Y0
Incorporation: 1 April 2020
Headquarters: Munich, Germany
Management: Christian Bruch (CEO), Joe Kaeser (Chairman of the Supervisory Board)
Number of employees: approx. 92,000
Turnover: 27.5 billion euros
Sector: Electrical engineering, power engineering
Website: www.siemens-energy.com
Brief portrait
Siemens Energy AG is an electrical and power engineering company based in Munich. Its portfolio includes power generation, power transmission and industrial solutions in both conventional and renewable energy. The renewable energy activities are managed by the subsidiary Siemens Gamesa. Siemens Energy was created through a spin-off from Siemens AG. The shares of the new company have been traded on the stock exchange since 28 September 2020.
Chart assessment
The chart is wonderfully clean, the structure is undoubted and clear. A clear rally can be seen, followed by a correction, in which the share price currently finds itself. This gives us the perfect setting to apply technical analysis!
Basically, many people are currently thinking of buying into this share. But when and at what price? This is exactly where technical analysis can help by pointing out points of interest! In other words: Instead of simply entering somewhere, we use corresponding circumstances that can be determined by a clear set of rules and at which there is a higher probability that the price will react as we would like.
- The price is in a potential positive trend (confirmation by a new high is still missing).
- Currently the price is in a consolidation in the form of a bull flag . The trend lines of the bull flag are clean and clear on both the upper and lower side!
- The normal correction of this movement is at the Golden-Pocket at approx. 24 points.
And what does this bring us now?
Purely visually, a lot is already clear here! Does it make sense to buy on the off chance within a negative trend channel? Probably not, at least from my point of view! Instead, I want to determine points at which I expect the probabilities to shift in my favour! Since this chart is so wonderfully clean, the simple structure does not obstruct the view of the essentials. From this, exactly 2 possibilities can be derived for me!
The plan
1. the golden pocket, as support of the trend and starting point of the normal correction, is always a good choice. So if the price should run up to the zone around 24 points again, I will start building up my long-term long position here. In 99% of cases, the golden pocket is the only point where I am prepared to buy into a negative secondary trend.
2. classic: the break of the bull flag . This indicates a change in the market structure and an end to the correction. The break of a flag is a sign of departure. Of course, we also get false signals here, but such situations are quite accurate.
Price targets
- The possible price targets of a breakout cannot be determined precisely at present. For this it is necessary to first guess the low of this movement. Assuming that the correction would run here to the golden pocket, we are talking about a price target around 40 points. Updates on this topic will follow.
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Many greetings & success!
Chartdigger
40% Crash at TESLA ? Hello dear readers,
I already made it clear in my last analysis that I see Tesla short in the medium term.
Now that further candles have formed on the chart, the situation can be assessed more accurately.
Chart-technical assessment
- Tesla currently appears to be in a correction.
- Only wave A has been formed so far, so there is a certain expectation that another wave (C) of the correction is coming.
- At the moment, the last sell-off is being consolidated in a pennant. A break of the lower trend lines should generate renewed momentum towards the south.
- As a classic trend continuation formation, an ABCDE formation is formed in a pennant. Two more waves can be expected within the pennant.
Options
- If the pennant is broken to the upside, the short scenario is in acute danger.
- If the golden pennant breaks around 770 points, the scenario is obsolete.
- The price target of a breakout on the downside is the zone around 400 points.
Best wishes & success!
Max
UPDATE 70 % Chance - BITCOIN GROUP SE analysisHello dear reader,
This analysis is an update of the trading idea on Bitcoin Group presented on 20 March.
- The entry was picked up almost exactly
- With today's daily candle and a bullish move of more than 10%, the bottoming seems to be completed.
- The SL is tightened to the entry in order to have a hedge against losses.
- Now the trade can unfold undisturbed. The price targets remain fixed.
This means that this opening can even eclipse the performance of the BTC :)
If you want to support my work I am happy about a Like & Follow 🙏
Many greetings & success!
Chartdigger
40 % chance with BOEING Hello dear readers,
Boeing is currently in a stable uptrend. I would like to go long on the next wave.
- I hope for a correction that pushes the price into the buy zone so that I can build up a position here.
- The trend channel should not be broken with the closing price so that the idea behind the trade remains valid.
- The subsequent expected long movement should drive the price into the sell zone, where I would then like to reduce my position again.
The expected profit on this trade is around 40%. Now we have to wait and see whether the correction sets in soon. If this is not the case, the idea is invalid.
If you want to support me: Like & Follow 🙏
Best wishes & success!
Chartdigger
Apple share price analysis - The decision has been made!Hello dear readers,
The correction in Apple ended with a clear positive week. The cross support of the golden pocket and trend line was tested hard, but held.
Now the price is showing the appropriate reaction and can clearly pull away.
The medium-term outlook is therefore positive!
The price target of the current movement can be derived on the one hand from the Fibonacci expansion and on the other hand from the trend channel and thus lies at approx. 158 points.
As long as the trend channel is not broken downwards, the chart remains positive. Only a break of the trend channel would put the long scenario in danger.
Don't forget to Like & Follow if you like what you read :)
Best wishes & success!
Chartdigger
Bitcoin Price Analysis - Attention, it's getting serious!Hello dear readers,
The bitcoin BTC price situation is extremely tense and a decision is approaching that is likely to shape the picture in the medium term.
The upper resistance area and the trend channel are playing against each other. The resistance zone, marked in red on the chart, appears to be a massive hurdle, which 13 daily candles have now failed to clear.
On the other side is the trend channel, which supports the price from below and pushes it further upwards.
Long scenario
If the upper resistance area can be broken, a strong dynamic long move is expected. The first price target of a breakout is around USD 70,000.
Short scenario
The resistance area pushes the price out of the trend channel. The consequence is likely to be a partly stormy correction. Two price targets can be identified, which lie at approx. 50,000 USD & in the further course at approx. 41,000 USd.
Don't forget to Like & Follow if you like it :)
Many greetings & success!
Chartdigger
Double bottom with $60 chance - GOLD price analysisHello dear readers,
Today we take a look at the gold chart.
- We are looking at a potential reversal formation in the form of a double bottom.
- The break of the neckline activates the price target of the formation at $ 1825
- The golden pocket of the last downward movement stands as strong resistance at around $ 1765 in the chart
The plan
- I would like to wait for a clear breakout
- I want to use a possible retest of the breakout zone around $ 1750 for a long entry.
- The price target of this movement is between $ 1813 - $ 1825.
- As we are still in an overriding correction, I want to quickly tighten the SL.
Don't forget to Like & Follow if you like it :)
Many greetings & success!
Chartdigger
55 % chance - HYUNDAI share price analysisHello everyone,
Today I am taking a look at the Hyundai chart.
The situation is not acute at the moment, but for the watchlist.
- Hyundai was able to overcome important resistances with the last rally.
- I expect a further positive development in the medium term.
- The share price is currently in a correction
- For a possible entry, the price still has to fall by approx. 25%.
The plan
- Entry at the golden pocket of the last rally
- Support is provided by the MA200
- The buy zone is extended by the horizontal support of the horizontal support zone
- The possible entry seems almost too good to be true. However, if the corresponding zone is not approached, I will not open a position here.
Buy zone: 31.8 - 29.4 points
Target zone: 49 points
With this in mind,
Good luck & Keep it simple!
Max
70 % Chance - BITCOIN GROUP SE Share Price AnalysisHello everyone,
today we take a look at the chart of the Bitcoin Group
- The normal correction seems to be over
- From a chart perspective, the next bull run should now be on the cards
- Horizontal support levels support the zone around 46 points
The plan
- I want to build a long position around the 48 point level
- The golden pocket of the last rally is the main support that should not be undercut by the weekly closing price.
- The last high serves for me as the main target for a trade.
Buy zone: 44 - 48 points
Target zone1: around 83 points
Target zone2: around 100 points
With this in mind,
Good luck & Keep it simple!
Max
55 % chance - ALIBABA share price analysisHello all,
Today I am taking a look at the Alibaba chart,
- The price is in a positive overriding trend.
- Alibaba shows a tendency to break through the golden pocket once in a correction, but then to continue to run positively in the trend.
- This breakthrough has already been made in the current correction.
- The second reaction at the golden pocket looks encouraging
- In the long term, the current trend channel could consolidate further
The plan
- I would like to take a long position at the cross-support of the golden pocket and the lower trend lines.
- If the price does not touch the golden pocket again in combination with a trend line, I will not find an entry point and remain a spectator.
- As a long-term price target I use the trend-based Fib extension
- One for the watchlist, no trade is acute yet
Buy zone: 227 - 222 points, only in combination with a trend line
Target zone: 360 points
With this in mind,
Good luck & Keep it simple!
Max
25% opportunity in focus - LONDON STOCK EXCHANGE price analysisHello all,
Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction
- The price is in an overriding upward trend
- The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high.
- An upward trend channel seems to be established
The plan:
- I would like to enter long at the golden pocket of the last rally.
- The supposed trend channel serves as cross-support here
- Definition of two target zones
- If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table.
Buy zone: 80 - 83 points
Target zone 1: 103 - 105 points
Target zone 2: 138 points
With this in mind,
Good luck & Keep it simple
Max