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Correctionend

SWING IDEA - GLANDStock has completed its Correction phase and found its lowest at 860, much below the 1700 IPO listing. Stock seems to be forming a new Higher High and Higher Low Pattern since Oct 2023. Also it can be seen following the Trendline as well. A Hammer on the weekly close last week, could indicate a strong support forming exactly on the Trendline, which is a good sign for further upward move. If all goes right, the stock could make it to its next leg up. Stoploss mentioned is crucial. If broken, the stock could start seeing further lows.
NSE:GLANDLong
by thepranam
The weekly on btcusd.Interesting weekly candle, a hammer that needs confirmation in the next 2 or 3 weeks. These types of patterns require confirmation within the following 2/3 sessions, they represent a retracement in the majority of cases, only if seen on the top or bottom can they represent a reversal, here we have no such scenario, the candle has manifested itself during an intermediate correction, ergo the retracement or correction could end here. Now we just need to observe the next weekly sessions, a perforation of the hammer low could mean that the correction is not over, but at that point the scenarios would change if this hypothesis were to manifest itself.
BITFINEX:BTCUSD
by Melupira89
The weekly on btcusd.5 weekly sessions have passed since the ATH, if this was a correction we could see an increase in volatility and perhaps even violent bursts, aimed at eliminating as many small fish as possible from the market. This area around 69k usd is a very important resistance, having been a high that lasted 3 years, it will not be easy to break it, something would be needed to move the market, an important news or rumor, usually you never know what it is it was what made the price move, only in hindsight can certain reasoning be made, so don't rely on the news. There was the halving of the block premium (the famous Halving) which was already discounted by the market being a periodic and well-known event, of course now mathematics could come to the aid of the bulls with less BTC put into circulation, we could also witness increases as many hope, but it is better to keep our guard up. If you bought, all you have to do is update your stops/takes, if you want to get in and wait for a drop, I wouldn't want to be in your shoes right now. Of course, if a black swan were to arrive it would be a good thing for those who are short or those who want to buy, but I repeat, we have been following an upward strategy for more than a year, since November 10, 2022 to be exact, so even if it is not easy to predict what will happen, the underlying trend is clear and until we have proof to the contrary, the logical thing is to follow the rise.
BITFINEX:BTCUSD
by Melupira89
3
New bullish movement in progress?The price is marking new highs relating to the intermediate period, this macd, as I have written several times, is configured for the intermediate period (approximately 3 months). At this moment the indicator is marking new highs compared to those made in December 2023, so it is telling us good news, because this in progress could be a new bullish "leg", a new intermediate cycle or a swing, call it what you want . The important thing is that price and indicator agree on the rise that has everything, volatility and directionality, the buyers popped up immediately, with every weakness in the price, many BTC are bought and the halving is very close. I remember that the latter is already discounted in the price, what is not discounted is as long as there is an accumulation by large funds via ETFs, at this moment the expectation on Bitcoin remains high. Confirmation that the correction is over and that we are in a new bullish cycle can be given by a maximum relating to the intermediate period after March 9th.
BITSTAMP:BTCUSD
by Melupira89
The macd on btcusd.With the explosion of the rise that broke the old highs relating to the intermediate period, the price proves to have reliable bullish strength. The Macd highlights that with this crossing, between the signal line and its moving average above the zero line, the short-term correction could be over, therefore a resumption of the upward path again in the intermediate period. I remember that this macd is configured for an intermediate period therefore from 3 months upwards, which is why it is slower to give the signal, but excludes false signals.
BITSTAMP:BTCUSD
by Melupira89
The weekly on btcusd.Weekly candle that expresses volatility and directionality, the perfect mix for a strong and constant trend. The rise is evident to everyone now, a break of the highs at 49k usd would lead to the test of the highest resistances such as 58k usd for example. This scenario would put an end to the intermediate-term correction and with a resumption of the bullish trend, we could witness a moment of fomo. The opposite scenario is very difficult to imagine now, something truly sensational would be needed to crush a bullish trend like this.
BITFINEX:BTCUSD
by Melupira89
2
When the price stagnates and then breaks a lateral trend...It's been a while since I published an analysis with a 1h timeframe. Well, the price of btc created a lateral trend (from 30 sessions upwards), establishing two levels in which it moved for a week, then the breaking of one of the levels brought a resumption of the rise and an increase in directionality associated with volatility, with a break visible to all. In this case the upper level being the rectangle is a purely continuation figure, it acted as a cap for a while, now a scenario where the price goes to test the resistance area between 46k and 49k usd, becomes more likely the one to follow before determining whether the correction is finished. It has already given a sign of this by making a high breaking this lateral trend, because it also exceeded the previous movement which lasted 12 days in terms of time.
BITSTAMP:BTCUSD
by Melupira89
The weekly on btcusdWith the exceeding of 43.8k usd which is the maximum achieved last week, an attack on the most important resistances could take place or perhaps directly at the maximums achieved in January, this or next week. The hammer from two weeks ago, which requires confirmation, needs a close higher than this high taken into consideration today, because at that point the correction would be over and the trend would restart upwards. The opposite scenario, i.e. the invalidation of the one-candlestick pattern, would occur with a perforation of the hammer lows and would be a clear sign of weakness.
BITFINEX:BTCUSD
by Melupira89
BTT Elliott wave projectionAfter the huge dip we had today in the markets, I would say that the correction is finished. This means that, probably, we are in the beginning of a 3rd wave and the end of an abc pattern. This wave would reach, at least, the 1.618 extension of the 1st wave projected in the end of the second wave. Remember that the 3rd wave usually extends to some degree, so the gains could be much bigger here. I would like to know your opinion. I wish good profits to you all! :) DISCLAIMER: This is not a financial advice
BITFINEX:BTTUSDLong
by Arcanak
1
Repeating Patterns. Correction End, Major Continuation. S&P 500.This is a non-specific pattern that can be found in any market. I am training my eyes to look out for it. Soon I will be able to trade it. I can do hit the entry in sim just fine when I have nuts the size of the moon, but on live it's a different story, and you and I know it, so practice practice practice. Being able to stack the probabilities in your favor for knowing when a correction is ending is like knowing the location of one of the jewels used to activate the holy grail. Hopefully, you and I can see the value of pursuing this knowledge.
CME_MINI:ESM2021Education
by emehoke