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Compressionpattern

Ethereum Let's go for Ethereum $4000 or Ethereum $3500!!? what do you think? We have HH and HL on the chart so far; In other words, we do not have confirmation for a downward trend (((currently))). The resistance range that we had on the price area of ​​$3943 has also been completely consumed. As the resistance areas are consumed, the way to continue the upward trend is opened. Now, on the price chart, a compression movement has been formed in the 30-minute time frame; Provided that the price range of $3,628 is maintained, there is a high possibility that we will get out of this compression from above. But we have to be careful, the possibility of getting out of this compression from the bottom is not small. Especially since currently 68% of Ethereum holders are in profit.
Long
by BiTBingo
Solid Small Caps for EarningsAnyone finding interesting setups in small caps this earnings season? These often have more reliable patterns for swing trading. Since they are largely under the radar of the retail crowd, institutional patterns can be clearer. NASDAQ:CERE is an example of a stock coming up in TechniTrader scans today. It has 88% institutional holdings. A compression pattern is developing. HFTs have been in it recently, possibly due to intermittent accumulation. The strengthening of the sideways action is particularly visible with the RSI indicator. Dark Pool accumulation tends to cause controlled sideways patterns like this, a key ingredient for what we call Relational Technical Analysis at TechniTrader. Because this has had a swing-style run out of the last compression pattern at a low in this longer trading range, a swing trade could be considered on the breakout, either above today's high or above the last resistance level for a more conservative entry. (Green lines on the chart) My target would be 31, but of course I'd be watching for exit signals or an extreme pattern to take profits early. Stop loss at the red line on the chart. A more aggressive trader could look at an entry ahead of the close today if pro trader patterns emerge in the last 15 minutes with an exit shortly after the open if a run or gap up develops for an EOD to FOD trade. Happy Trading! Guest author: Mele Ainuu, Senior Technical Analyst, Student Support @ TechniTrader
CLong
by MarthaStokesCMT-TechniTrader
1
SNXUSDTHello dear friends ✔️ The long-term downtrend line has been broken. At the same time, we have a positive RSI divergence in the daily time frame. ✔️ The support range ($1,523) is well maintained. ❕ If the resistance range of $3.6, which is a very important area, is completely consumed, the situation will become very attractive for us. Considering that LL has not been formed on the downward trend, if a higher high is formed in the lower time frame, it can be a short-term confirmation. What do you think?
Long
by BiTBingo
1
$BTCUSD UpdateI entered my second position on BTC just below $45,000. I am holding with a bullish bias. I have been asked to share some analysis recently and an update on my thoughts as to what the price is doing following some resistance at $60,000 and support at $48,000. I have carried out some extensive testing on this instrument against other currencies and I have also tested this compression channel on 4 of the currency pairs I trade it on which include EURUSD, AUDUSD, NZDUSD & USDJPY. All have great results. This happens to be the strategy I have used on both of my long-term BTC entries which you can read about and watch elsewhere. With this particular compression channel, I have found that there is a 77% chance of extending beyond the initial high (compared to a 71% chance of retesting the initial high on my other currency pairs). I have also found that before the extension there is a higher probability of an initial decline before the rally. Anyone looking to trade this market could look to set a buy stop to catch the breakout. If you take this approach, you have to have a position for the stop loss which I have found to decline on average 20% of the initial high before carrying on upwards. OR Wait for the decline then get in at a better price. The downside to this is missing the move. (This is always my approach as I would rather have less risk) Either way, I'm confident in my long-term position following my last position of 657% ROI. Next level of resistance I am predicting is - $65,000 I believe we will see $100,000 by the end of this year.
BITSTAMP:BTCUSDLong
by JasonGraystone
BTCUSD | PREDICTION ON WHEN THE BULL RUN WILL COMMENCE Morning Traders, As we saw yesterday we were too early to the run to the 50k level and consequentially the 1.5tr market cap. I have marked out and illustrated how i see price action playing out, I will be watching structure to determine how we progress. The Illustration suggest we will get a compression on volatility which leads to an expansionary move to the upside. How I will determine if this is the case, I will be watching for fractal nature. overall still macro bullish for now. what's your thoughts guys, agree disagree?
GEMINI:BTCUSDLong
by NK008