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Consolidation

BTC Getting Ready For A Big Week Ahead!BTC has been trading in an extremely tight range for the past week. Currently the bulls and bears and battling it out but to be honest, it looks like the bears are running out of steam. The new week has started and if you look at my previous post, you'll notice that BTC has closed above support and the new weekly candle has started. I can see a push down to around 28k to make a higher low before moving up afterward. You'll notice in this post there are a few key S/R zones mapped. Let's see how this week plays out. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
BITSTAMP:BTCUSD
by rnaofs
Consolidations leading to less volatilityWhen trading there is a few things that I like to look for this criteria has many names online yet when coming from me I like to explain this is these sayings inefficient, efficient movements. Efficient movements being what we have here highlighted in purple. The movement pattern that we see here is one of consolidation or contracting volatility. When volatility in a trading pair drops we can see a tighter ranges appears vs when we see and expanding volatility and inefficient markets. When we have markets that witness Efficient movements these are usually markets that can break to the upside if they continue to see these small price range moves. Inefficient markets are the opposite of what we have above characterized as markets where the range is expanded and usually to the downside as volatility increases. Efficient and Inefficient markets patterns can be found as fractals found within each market notated by the white line. Knowing where these states exists within the market is important for market timing as a trade closer to the mid line would see a very bad trade placed. Knowing the difference between when a market is efficient and inefficient can be key in bettering your trading style allowing for better entry and exit points as you can see where the market likes to sell off where volatility gets to low and where it is being bought from where volatility is to high. Efficient and Inefficient market patters
by RobinhoodFX
HD out of consolidationSince April, HD has been trading sideways in between 315 and 300 Price finally picked a direction and pushed towards 280 , making the 300 level a strong resistance. Last week we saw a first attempt to break above that resistance and failed, proving that it is a strong level (Also psychological level) Watching to see which direction it will resolve. Maybe another retest of 300, if we get rejected again, could retest lows at 280. If we push above and stay there, could once again move towards top of the channel at 315
NYSE:HD
by TheBullandBearLounge
BNB lost $300 support!Today BNB lost the crucial support zone between $303 -295. If this level had been held BNB would have had many chances to return in the consolidation area within a few days. $300 support breakout occurred in relatively high volume. Two & a half hours before the daily candle close and BNB is already fighting the next essential support at $300. Unfortunately for the bulls, the probabilities are with the bears. (If this candle close near $260). Next support and the most essential of all is at $212. If you are still holding BNB it’s unwise to sell the dip. Even if the dip is at $212. If you are looking for a good entry for short position, it’s not the good time. Wait for the $260 breakdown and the retest as resistance before making your moves. This break occurred due to LUNA/UST events. Nothing more. (In the short term of course) Crypto maker is in extreme fear and that’s more bullish than bearish. Remember investing is a probability game. Not a financial advice. Always do your own research.
B
by Rhaonnor
What would be the best case scenario in the worst case? 💥It is important to remain realistic and avoid any scenario that will surely not come true in the current times. With the different events that the financial world is currently undergoing, it is better to remain very cautious about the Apple share price, even if Apple's financial results are better than those of other companies in the market, analytically we can see a slowdown in the rise of the latter. Everything will be decided in the coming week, if we break the bullish channel , we could reach lower and lower points and maybe enter a bearish trend , but let's be optimistic, we think that Apple's share price, will now consolidate between 179 and 154, to take off again once the events calm down....
NASDAQ:AAPL
by Absconse
1
[Netflix] When will the crash end?#Netflix #NFLX #NASDAQ #Daily - Here’s NFLX Daily chart. It recently has shown a huge drop about 73% from the historical high at $700. - During the fall, it made a consolidation zone (HVP: High Volume Peak) around $330~$400 surrounded by big gaps. - Currently NFLX reached 0.705 retracement level of the impulsive wave which also happens to be the bottom of the blue falling channel. - Also, there are some of major HVPs that were formed at 2017 at current price level and thus I believe this area is a PRZ(Potential Reversal Zone), expecting some technical price actions. - If it falls a bit more, some attractive buy zones are $153~$168 and $82~$97 which are confluent zones of trendlines, Fibonacci retracement levels, stop hunting level of an impulsive wave, and POC (Point of Control) levels of major contractions. - Some resistances that I am considering are $288~$303, $373~$388, and $443~$458. If you are looking for more conservative spot, I would recommend you to wait until it breaks the blue falling channel above and until then, I would maintain my bearish perspective.
NASDAQ:NFLX
by Tommy_Trader
1
John J Murphy: Trends + Channels + Nothing ApocalypticalMARKET CRASH INEVITABLE Oh wait... maybe I meant BUY THE DIP Or maybe we forgot about consolidation? Look, this market is overextended. I think we can all face that as a fact whether we are bulls or bears. $SPY hitting nearly $480? Remarkable given the fact that the $SPY high before COVID-19 epidemic was ~$340 (a 34.15% difference). Now, with the COVID stimulus boiled in, epidemic recovery in place, as well as a war causing many bottlenecks (oil, commodities, and sanctions) and don't forget boiling inflation, it's time for things to cool off. No we aren't looking for a +20% market crash, because we are already -15% below record highs. Is there more to drop? Possibly, Either way, there are support channels we are going to ride for some time while markets and economies alike adjust If you check out this link on John J Murphy: Technical Analysis of the Financial Markets Reach Pages 121-123 and see if those images and paragraphs look a little familiar to our current situation... P.S.: We will bounce off the weekly 200 SMA to the top of the channel
AMEX:SPY
by Langutang
2