Consolidation
Bitcoin on breakout watch prepping next directional move 9 days in a row coiling sideways and tight puts Bitcoin on short-term breakout watch for some volatility expansion.
In the coming days I'll be looking for a definitive breakdown of this range below 19,500 in the direction of the primary trend, or a counter-trend breakout over 20,500 to see if bulls can reverse the bleeding.
ARRY - Array TechnologiesTop notch stock in the best group in the market right now (solar). Holding up well during the recent pullback in the broad market. It won't be able to buck the trend forever, but if the market as a whole begins to bounce or even just stabilize itself, it could allow this (and the other solar stocks) to really take off. The other two solar stocks on my focus list are SHLS & ENPH which arguably have cleaner setups, but the massive growth numbers draw me back to ARRY.
But Long-term, Something else. Hey Everyone,
DOTUSDT still looks bearish to me, in the short term mostly as I explained in my last post about ETHUSDT. (link down below)
In the last few days, the market has been consolidating without any swings that we used to see before. The mid-term trend is bearish, and we are in a symmetrical triangle right now. At its support precisely. We are most likely going to reach the next major Support (in white).
However, looking at the long-term chart here and the MA plotted on the RSI, I saw that the RSI reading had crossed the RSI MA, and it is now retesting it. Usually, RSI MA works as the usual moving average but on a momentum indicator. This is a super-bullish factor for me, but still, this is in the long term. So, until we see an opportunity to enter a bullish market, this might take from week(s), to month(s) but probably before the end of this year.
I have also noticed this pattern on multiple big-cap coins like VETUSDT and ETHUSDT.
GBP/CAD: Consolidation; updateGreat Britain Pound/Canadian Dollar could to forming consolidation zone that we need to be carefully. I know that price doesn't make any break out and we see a possible market trap in this zone that you must to keep away. For that I closed up manually my trade in the afternoon without any loss or earned.
But now, I'm watching a liquidity zone that if GBP/CAD make any manipulation in this market trap, we could to entry in the red points $1.5210 CAD and not far like $1.5190 CAD to entry at favor of the manipulation. Because sometimes Forex market could to forming this movement very hard for amateur, but very understood by professional trader in Forex market.
Now, remember that we're in the bearish channel, but price could to make the following movement to confirm the resistance at $1.5362 CAD as possible to found out a good zone to bought in this par.
So guys, at the moment, I dont see any long or short, as we would to still pending in the interested point to watch.
16 Year Cycle of Growth and Consolidation 1948 to 2022I think I have found a pattern of growth and consolidation of the economy and thereby of the stock market, where growth happens for almost 16 years and then it cools down for another 16 years.
Growth Phase 1 - 1948 - 1968
After World War 2 from 1948 there is huge growth in the world economy causing the SP500 to surge hugely from a low of 14.5 in 1949 to 108 in 1968 a massive growth of 660% over a period of almost 20 years, which means if you have invested 100$ in 1948 after 20 years you would have 760$ a 7.6x return.
Consolidation 1 - 1966 - 1983
With massive growth comes massive stagnation, and consolidation is a part of the economic cycle, from 1966 to 1983 SP500 only grew by 97%, 97% for a period of almost 17 years, if you have invested 100$ in 1966 after 17 years of wait you would only have 197$ which only 2x return.
Growth Phase 2 - Tech - 1982 - 2001
Integrated circuits, the tech that revolutionized the way we live, on the way of changing our lifestyle they have also created an enormous amount of wealth, from 1982 to 2001 sp500 grew by almost 1350% over a period of 19 years, if you have invested 100$ in 1982 you would have 1450$ 2001 which is a whooping 14.5X returns.
Consolidation 2 - 1996 - 2013
Consolidations are the time when if you are unlucky you wouldn't have made a dime in return even after waiting for 15 years in SP500, from 1996 to 2013 SP500 only grew by 120%, which means a 100$ invested in 96 only gives you 220$ in 2013 after waiting for almost 17 years all you would have is 120$ extra a measly 2.2X.
Growth Phase 3 - 2009 - ongoing
Finally, we have reached the phase we are currently living in, this is the phase where the dot com companies have become the blue-chip stocks that decide the fate of our economy, since 2009 SP500 has grown tremendously from 733 to the peak of Jan 2022 of 4750 which is almost 550% in growth, meaning if you have invested 100$ in 2009 you would have almost 550$ at the peak of Jan 2022 a huge 5.5X return in 13 years.
Since I don't have pro membership I couldn't add images to the post.
High probability of trend reversal in Beyond ProtocolHello Friends,
As we can see in the chart Beyond Protocol is in good consolidation. If the overall market turns bullish then there is a high probability that BEYOND will give a breakout. Recently Huobi exchange listed BEYOND with the ticker BP .
Do share your opinion in the comment section.
QQQ Selloff or Rally? Learn how to Read Charts, Remove Bias.I discuss five indications that traders need caution on QQQ (and market generally) instead of expecting an immediate directional move.
This video demonstrates how to use chart analysis to form context for placing trades. By understanding the daily chart, traders can then look for good trade entries on smaller timeframes. I also created this video to counter all the directional predictions on Twitter. When developing a trade idea, consider how long it may take for the price move to happen.
While channel lines and RSI may seem basic, these are some essential indicators that tell a story of what is happening. Successful traders may find this dry or unhelpful. I have recorded this for newer traders, and really for anyone who still needs to master chart analysis. If you are still copying trades without seeing your own confident setups, then watch this video.
Crude oil making another push against resistanceUSO (largest crude oil ETF) has been in a wide trading range for the past 2 months between 71 and 79.
It's failed at all previous breakout attempts, but the more it tries and the longer this range carries on, the more likely the breakout becomes. No trade yet, but we're watching this zone to see if we can finally get some price expansion and volume on a move over 79.
BTCUSDT - ConsolidationHello guys!
Finally, we continue downwards, it's high time to do another analysis.
I am preparing for two scenarios:
1) The price will accelerate and break through our marked demand zones like nothing and this will create a very strong resistance for the future at a higher TF.
2) The price will slow down and a potential consolidation on the D TF will begin - I am currently preparing for this option.
BTCUSDT, here as you can see I have marked the supply and demand zones that I would like to trade if we get into them, we are currently set for a potential consolidation at D TF, so I am waiting for the marked demand zones to be reached and then a subsequent purchase. Always be careful, shorts are much stronger than buys.
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
CHF/JPY (Consolidation Broke)Long Call! OANDA:CHFJPY
Hello Traders!
CHF/JPY has been sideways for some days, and now it has broken it from the upper side!
RISK REWARD:
Close half of the lot with RR=1:1, move SL to breakeven, and then wait for the remaining lot to hit target 2!
Best of Luck!
Your feedback would be appreciated!
Finolex cables keep on radarFINCABLES had given a very strong volume breakout from Inverted head and shoulders on 29th July. It had confluence with 200 DEMA breakout. It has been consolidating since 29th July in a tight range.
Once the stock breaks 445, it will move quickly to 475 levels.
Risk reward ratio at CMP is very attractive
Strong uptrend potential Watch USDJPY this morning as we interact with the uptrend line. We had similar consolidation on 17th/18th that did break to the upside but we're looking slightly extended on this drive higher now so I'm looking for a text book entry, not trying anything crazy here on Monday morning.
ADAUSDT - ConsolidationHello traders,
as with BTC, I see a very similar analysis for other cryptocurrencies such as ADAUSDT, I will expect a selling reaction from sell zones at H1 (orange zone), but as I expect a possible consolidation, I will also look for buying opportunities in buy zones. In the event that the price moves above the sell zones, I will start looking for opportunities to buy into the potential consolidation of the daily TF
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
BTCUSDT - ConsolidationHello traders,
the price is in the demand zone of the daily TF and therefore BTC is slowing down, however now I expect a consolidation of the H1 TF. This is the reason why I will now focus on selling in sell zones and buying in buy zones. There is no reason to complicate the analyses, make them as simple as possible and they will work for you :)
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
1INCH - Pullback before the RallyWe have seen relatively strong growth across multiple coins. The short-term consolidation phase might be about to begin. In this case, we'll see a 10-15% pullback across the board. In regards to 1INCH, price should test the key demand area. Then, another wave up is expected.
ARKK taking a breather after a 50% rally off its lowsThat high volume outside reversal session on Thursday 8/11/22 has kept control over ARKK over the past few sessions. The intermediate uptrend from June is still in tact, but near-term we're in pullback mode waiting to see if dip buyers arrive in the upper 40s to save this uptrend.
ARKK is a great proxy for growth and risk appetite in long-duration tech.
Hindustan Petroleum Corporation Limited (HPCL) Hindustan Petrol Corporation Limited (HPCL) looking great as per its structure.
Base formation similar to Inverse Head & Shoulder.
Also its major support from where it made a new high is likely to act as a major area of support.( Left hand side marked with blue arrow on charts)
Will hold it till the levels of 300 if the trade goes in our favor.
Stop loss below the previous swing low 233.50 maintaining strictly.
Disclaimer: So many negative news out there for the oil & gas sector. Also the results of these companies has not been great at all. However, I personally do not follow news and results matters only if you are to invest for longer horizons. My analysis is solely based on price action and I have every right to be wrong. If my view turns to be wrong then I have no issues in taking the stop loss. Therefore, do your own analysis and have your own view with proper risk management.
Triangle Pattern Breakout in 1 WTF!>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up!
> The 50-DMA should be broken with the good volumes is the only concern!
>The 4 Supports Levels are significant because they respected the same levels of (335-354) every time.
>There is also the formation of High-Tension Lines which is a good sign.
>The Stop-Loss is the best part of this set-up(>5%)
Let's Watch with patience!!!
Where is the trap on $BNB chart for bullish continuation?After 3 months, #BNB is fighting again the crucial resistance at $330.
An attempt to break this resistance now will not succeed.
Why?
Cause there is a very strong resistance around $380.
We need a period of consolidation for a few days or weeks below this level before a breakout attempt takes place.