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Consolidation

The FUD keeps subsiding and recovery signs are emerging 👀Bitcoin is the dominant crypto currency and the whole market is somewhat depending on the health of the Bitcoin price chart. Bitcoin dropped by 50% from its previous ATH around 68k within 3 months. Since then we are consolidating into a wedge pattern with a ceiling around 45k and a rising floor currently around 39k. Bearish stuff: We are below the weekly bull market support band which currently ranges from 43k-47k. Currently we are not able to break the 45k level and a further decline could send us back to lower lows. We did not create higher highs yet and are in a consolidation phase during a down trend. We are below the 100MA and 200MA. Bullish stuff: Since February we are consolidating with a rising floor. We broke the downtrend for price and on the RSI. Trading volume is increasing since the start of 2022. We are still above the macro support level of 30k. Price is above the 50MA. We believe that the people that hold through these hard times will get rewarded. What is needed is patience and endurance. Bitcoin got additional attention during the Russian invasion in Ukraine. People could use Bitcoin but have trouble withdrawing their fiat currency. Donations are also made using cryptos which leads to additional attention. Ukraine legalized cryptos because of that. The FED started with rate hikes and takes a closer look to cryptos. This is a novum and it seems that Bitcoin became to big to ban or ignore. We expect bullish times ahead can't wait for it. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumblery
by tumbler55
BTC and All markets are going to dump hard, be carefulthis ideas shows a potential dump, i believe that this dump is happening in near future, if it does not play out, then we are safe, if it plays out then you have to be ready for it, keep strict stop loss to all trades, collect profits as they happen and do not get greedy, moving averages and bollinger bands analysis on 3 days chart and weekly chart both anticipate the worst case scenario (red), daily chart analysis is mostly playing the best case scenario ( green ) or the yellow scenario note: constitutional investors are starting to accumulate huge short positions, im playing for the worst case scenario which is 8-18 k Fibonacci extention shows 9128 while fibonacci retracement shows 10617 note: drawn scenarios are seperate from shown dates, it was expanded for the drawing to be clear stay safe, happy grinding
by flying_whale
2
Marathon Digital Holdings screaming with many bullish signalsAll indicators I'm using are screaming at me right now, telling me this chart is bullish. Before we start, it seems the chart is currently consolidating at a major area of support. Bullish. First, lets start off with the RSI divergence. It is marked with white trend lines. You can see that the RSI shows greater and greater strength while the chart is consolidating. Second, the aroon-based strategy indicators are telling me that there is likely going to be a 6 indicator symmetrical pattern. Starts with a higher sell indicator, has a short channel in the middle, then it should be followed by a buy indicator at a lower position, near where the empty circled area is. I've seen this pattern often, and it usually is followed by a reversal up to resistance. It also can be bearish, where it is flipped and ends with a sell indicator (higher than the rest of the pattern). I'll be making a video on how I interpret charts this weekend. This is NOT financial advice. I am 14 years old, while I trade with my parent's assistance, I am not an official source or advice, and shouldn't be treated as such. Do your OWN research and DD.
NASDAQ:MARALong
by Sebastian_Bagoon
1
Solana + Wykoff + Elliott + V-ProfileHello Reader 👋 Currently learning the Wykoff method to further confirm my analysis on Solana.... I am still learning this but all you have to know is that we are at the bottom of a consolidation.. or in Wykoff terms we are in a "accumulation phase " which could lead to a break out towards the upside i labeled everything on the chart for an easy read. i am just getting familiar with the Wykoff method so this is just my interpretation and could have mislabeled some areas so feel free to express your thoughts in the comments below or give a like if you agree.
by gammabean
EXTREME FEAR BUT BULL RUN?Weekly Time-frame Weekend dump in. Greed & Fear index is in Extreme Fear (22). We can expect more to the upside from this Extreme Fear. Liquidations reach 242M for the long position which is significantly bullish. We might not expect much movement this weekend as stock markets are close. But we would most likely see pumping in the coming days ahead. 1D Time-frame We are back again to crossing the March 14 Ichimoku Cloud. It can punch through anywhere in the cloud but the March 14 is the easiest way to break through. We are still printing higher low and we need to hold the line or else Bitcoin will have hard time again breaking to the upside. Red volume in Awesome Oscillator (AO) means we are in correction from the pump, looking forward for it to print Green Volume in the following days. 4H Time-frame We are now below the cloud, crossed from the thinnest part of the cloud. Support area is found through our Volume Profile Visible Range (VPVR). If $38,648 is broken, we will expect more downside. If it holds, then expect it will be the bottom and start pumping again. The next support to continue the up-trend and higher low is in $38,328, $37,758. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.P
by Trade_Scholar
BITCOIN BULLS ARE PREPARING Last Week was Bullish Hopefully this week will be BULLISH too. I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again. I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns. Then we have some OrderBlocks that manages to break 3 4hours previous Highs which is a BULLISH Break of Structure. And once that has occured then you know from experience going back up above 45k will be easy cheezy. If my Bias above is right I will hold the firm believe that we can see a much more higher prices to BITCOIN to 92K which is very ambitious target and also I was researching the Thermocap Multiple which is Dividing Bitcoin price and cumulative miner reward yields the so called Thermocap Multiple and I found out that the BULL RUNS of bitcoin can effectively goes to $151k for the BULL CYCLE.The question is not if we are going to get there but when and the world can be crazy within a decade to ultimately put BITCOIN price close to $70K per bitcoin and therefore I see much upside potential for BTC.
Long
by LukmanBalogun
1
IS $92K WHAT IS POTENTIAL NEXT FOR BITCOINHi all. I am sorry I haven't been able to post any analysis of sort lately. But if you are a maintainig a BULLISH BIAS on the Mother of Crypto I am looking @ some specific price point to get involve. My BIAS to go long is looking @ an ORDERBLOCK on 1hr that leads to a massive explosion and break of couple of 4hour Break of Structure according to the Schematics. Having seen this order block in price range of 37934 and 38352, that becomes an area of interest for me to look for lower timeframe rejection and then BUY reaction. I also found a potential SHARK Harmonic pattern landed on the 0.886 deeper rejection of the consolidation mode that we are currently in. Overall last week upward thrust a bullish bias if it continues then the next few weeks can potentially seen that liquidity been formed @ 45K area broken. When you have had so much retail execution trying to sell then we have so many stops level above 45K and what do you think will happen to them liquidity grabbers will go for them and that in itself is a good schematics to picture BULLISH BITCOIN in the next coming days or week. My Risk for this BUY PROJECTION is 28130 which means I will seize advantage of buying and holding BITCOIN lower prices till 28130 should incase we flush down to this region. Which means if I have £1000 of BTC to buy I will potentially buy some @ around 37934 to 38352 maybe a quarter of my capital and if it takes off from here to the Moon I will spent the rest on some other Altcoins.BUT if prices flushes down some more I will update a specific price point to buy more. Trade with a plan and trade wisely remember once your capital is gone then you may struggle to find more capital to get involve in the game. If this helps then don't hesitate to like the post and get in touch.
Long
by LukmanBalogun
Gold Consolidates as War Pressure Ramps UpThe price of gold is consolidating in a range between the 23.6% Fibonacci retracement level at 1922.32 and 38.2% Fibonacci at 1890.01, as peace talks are threatened by Russia's intensified aggression . Depending on how the peace talks develop next, a breakout above the 23.6 per cent Fibonacci may be attempted, though this is then likely to be followed by a pullback to the resistance-turned-support at 1922.32. Conversely, a breakdown below the lower limit of the channel could allow for a subsequent dropdown towards the 38.2 per cent Fibonacci, which is about to be crossed by the 100-day MA (in blue) soon. This would make the 1890.01 threshold an even more prominent turning point, which is already evident given its close proximity to the psychologically significant level at 1900.00.
G
by Trendsharks
Expecting a bullish move at the end of this consolidation to tesExpecting a bullish move at the end of this consolidation to test the all time highs. Key Factors -- Key support is being tested now. -- A push to get more sell side liquidity from the "Whales" could see a spike down to the 39k area. -- A more gentle accumulation would be in the mid 40s (433 - 47k) Range. -- There is divergence appearing on the RSI. Implying that the selling pressure is getting weaker, while price is falling.
BITSTAMP:BTCUSD
by DazMoP
1
GBPUSD With a Breakout Above the RangeDemand for the pound rose today following the publication of better-than-expected services PMI data in the UK for February. This prompted a breakout above the upper limit of the consolidation range. The range spans between the 61.8 per cent Fibonacci retracement level at 1.35999 and 38.2 per cent Fibonacci at 1.35077. The next target for the reinvigorated uptrend will be the previous swing peak at 1.37500, though an intermittent pullback to the resistance-turned-support at 1.35999 is also possible.
Long
by Trendsharks
1
Ford seems to be finding a bottomFord Motor Company F Areas of interest: Consolidation: 1) $19-20.50 2) 17.52-18.59 Breakup at $21.50 Breakdown at $16.49 Recent overhead gap between $18.46-19.89 Reversal candles seem to be appearing in the lower consolidation zone (2) on the 3 day chart - almost looking like an inverted hammer but not enough wick to truly label them as such. Indicators show us on the 3 DAY chart: Currently trading below the 12 and 26 EMA The 12 is above the 26 but appear to be attempting to cross soon if bears take control and push the stock price below consolidation 2 (listed above) Currently trading above the 50 MA The 50 MA recently has acted as support and seems to have help stabilize the stocks price into consolidation for the past 1.5 weeks of trading Observations from a bull and bear side: As a bull, I (obviously) want to see the 50 MA hold and to see divergence of the 12 and 26 EMA (to the upside) to shake any fears of a potential cross under (12 under 26). Recapturing $19 would be my first target. A break and hold of this level will signify an attempt by the buyers to send the price of Ford back to its consolidation zone. This is needed in order for Ford to breakout and create NEW structure. The previous attempt was rejected as the price moved too fast to levels not seen in 20 years. Remember, there is such thing as a 20 year bag holder. Employees, insiders, investors, retail, shorts, etc. A blue chip company like this needs to gradually climb, in stairstep manor, creating small consolidation periods where the market accepts small movements one at a time. That said, I would love to see Ford make use of its previous consolidation zone to prep for the next level. In my opinion, this would be $21.50-22.50. As a bear, a break below the 50 MA while considering the breakdown level of $16.73 should be watched. A break below 16.49 would potentially send Ford down to it's PREVIOUS structure between $12.38-16.49. I want to highlight this only to prep for the potential this could happen -imo it is unlikely unless the entire market continues to slide further into a true recession/crash. For this fact alone, either selling covered calls at this breakdown level or buying puts would be a good way for Ford longs to fight against this scenario. Most recent news - I will makes this as UNBIASED as possible: 1. (RUMOR) - "Ford is considering separating its electric vehicle business from its legacy operations, Bloomberg reported Friday." www.thestreet.com 2. (Heavy Bullish Opinion Piece) - "The legacy automaker has copied from its great rival a method which makes it possible to have updated cars regularly and to reduce costs." www.thestreet.com 3. (Bearish Facts, sorry Bulls) - "New Broncos Are Reportedly Sitting Undelivered Due to Chip Shortage" www.roadandtrack.com 4. (Interesting way to approach safety) - "Ford’s latest road safety idea? In-car sounds of pedestrians and bike bells" road.cc 5. (Counter to #1) - "“We have no plans to spin off our battery electric-vehicle business or our traditional ICE business.” www.barrons.com 6. (Consumer Report top EV pick awarded to Ford) "Ford Mustang Mach-E Is Consumer Reports' EV Top Pick. The Tesla Model 3 won the award for the last two consecutive years." insideevs.com 7. (DON'T count out NASCAR, man) www.nascar.com 8. (New turbocharged inline-4 SUV) - www.motorauthority.com 9. (Not sure how this will play out, probably BAD PR tbh) - "Ford says it's working with unvaccinated salaried employees before rolling out unpaid leave plan" www.wxyz.com 10. (Ford building new plants) - www.autonews.com 11. (Fords push to EV and battery solutions) - "Ford, Volvo join Redwood in EV battery recycling push in California" www.reuters.com
NYSE:FLong
by OccamsPhazer
19