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AVAX/USDT (1D)Avax scenario, probably in the yellow zone an accumulation will be repeated to shape a second fund where it can break upwards with the help of the hyperbola or else it will fall towards our 100-period SMA which has not touched it for a long time and This one had already shown us a strong reaction. Whereas if we see the case of Dump it would be better to close the trade even in losses because it would go to look for the closest support after that and it is somewhat far away.
BINANCE:AVAXUSDLong
by HotChili
Is A Storm Brewing ?Doge has been all over the news for weeks, a lot of attempts to pump it but price has been resilient ,that last recent spike is interesting either some impatient people sold which is likely and also someone bought a lot at these levels. The wedge is there it's all about if it will be broken, but I see a classic accumulation pattern here .I would say maybe the pull the stops towards the lower end and then shoot up ,which is definitely possible but for anyone like me who has traded forex ,stocks then crypto ,the patterns have been under manipulated here.
BITTREX:DOGEUSDLong
by datforexkid
TESLA Institutional Sell SignalTesla could be in trouble here. 2 sell signals in the past 4 weeks rejecting 700-750. We could be on our way down into the 400-450 region which is an area of previous consolidation. Interesting considering Elon Must recently tweeted this, www.ndtv.com We would need a sharp sell off into that range on heavy volume and a subsequent buy signal from our systems to signal all clear to enter back into the water. A gap up over 750 and a buy signal would negate this analysis and see us goto over 1000, but the odds of this at the moment are extremely unlikely.
NASDAQ:TSLAShort
by UnknownUnicorn18682062
1
BTC Breakout from Falling Wedge - Off to the Races? Or Not?The question on everyone's mind, are we off to the races? Industry analysts believe that we need to retain bullish sentiment through to options closing Friday to stay in the game on this bull cycle. I believe we'll continue ranging between 55 and 57k until then. We could even retest 53k, but ~55k is forming up to be a short term support zone, falling below that 53k, then 50k would be our most likely targets to retest support. Recap: Early this morning around 2am EST we saw bears pushing price down to ~53k for a retest of the bottom of the supertrend. An extremely well timed tweet by Elon resulted in a swift, strong rejection at ~53k and reversal, forming into a bullish pennant. The "Elon" reversal also liquidated a significant number of shorts, and left bears hesitant to resume activity through the morning, opening the path to 56k. Binance alone saw something like 13 million liquidations in the flash of one large green candle. Licking their wounds, the bears rallied forces again just after lunch EST to contest the impending breakout from the pennant. Bears were succesful in forcing two wicks below the bottom trendline, and both times the bulls pushed back into the pennant, and eventually with a breakout north. This puts today's scorecard at 2-0 Bulls. Going into tonight and tomorrow we still need to monitor sentiment of the market, while more indicators are pointing to a pattern like we saw on the last two bullish impulses in the super trend, and a strong breakout may be in the works, the bears will put up at least one more good fight along the way. As long as we remain above 53k, I believe we'll see a strong impulse up to retest 60k soon. Things to observe: Monitor the usual like VFI, RSI, chart patterns, look for the next move. Most important is to observe how the expiring options impact the market. By Friday we should have a good idea which way we'll be moving. Until then a breakout from the 55-57k range seems unlikely. Best of luck traders.
COINBASE:BTCUSD
by 1BigPapi
1
Bitcoin yellowAbove the yellow line is Mount Everest. After that, the moon, maybe mars, or just new mexico? Who knows. Lets decipher some Elon. Musk says "Money is just data that allows us to avoid the inconvenience of barter." And recently the South African car salesperson/entrepreneur stated it is "less dumb than holding cash" He did send a car to space so he knows what he is talking about, he is the ultimate troller... Therefore, if cash is money and holding bitcoin is less dumb than holding money, then what does that make Bitcoin? Better data than money...? What about Ethereum?
BITSTAMP:BTCUSDLong
by Verum0
2
Key levels for Position/Swing traders on TSLAToday we will share all the key levels on TSLA; this post may be relevant for position / Swing Traders. What are the most relevant technical structures we can see? 1)Ascending Trendline (white line) 2) Support / Resistance Zone (orange rectangle) 3) Descending trendline (yellow line) With those 3 levels, we can create a map of possible scenarios of price movement. Now, let's understand what is the Non trading area and the trading area. Non-Trading Area: This is a zone in which we don't have confirmation of a new bullish movement. This is defined by the yellow descending trendline. IF the price stays below the yellow line we should assume that the current trend still bearish and we should not develop long setups. Why? Because trendlines are great at telling us the most external edges of a Bearish or bullish situation. Trading Area: The trading area for Position / Swing Traders is above the yellow line. If we have clear confirmation of the broken trendline like Daily candlestick above it / or the one we use the most, price breaking "B" (883.50). We can consider that a new possible bullish trend has started, the targets, in that case, would be 1054 and 1253 (we are using Fibo extensions to define that. (if you want to learn how to use fibo extensions check the link to related ideas, you will find it there + other TSLA posts)) REMEMBER: Every trade you take is another trader, which means that you can either have a stop loss or a take profit despite having all the certainty in the world. Pay attention to the next 100 trades and find your edge on Statistic. Thanks for reading!
NASDAQ:TSLA
by ThinkingAntsOk
3
Bitcoin : $60,000 approaches, learn about the Bull PennantHello, just a really brief update for Bitcoin. If you saw my last idea it is progressing well and the Falling Wedge Pattern is still playing out to the upside. (Click below for a brief overview of why I think Fundamentally bitcoin is still bullish): This can also be considered a ugly version of a Bull Pennant Pattern which I will explain below. Bull Pennants are a little different to Bull Flags but are almost identical in appearance and are traded basically the same. The most important factor in identifying any flag or pennant pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. Bull Flags and Bull Pennants have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target. Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on this current example with ADA. The liqudity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long once the price confirms support back inside the pennant . Some key points: • PRICE MUST MOVE STRAIGHT UP BEFOREHAND • MIN 2 Touches each side on almost symmetrical looking wedge • HIGH SUCCESS RATE • BEST ENTRY IS often when price fakes out under support (Marked at A) • Pattern height is measured and added to swing low before breakout for possible target So while the price continues to move in this Pattern structure is is a great sign for Bitcoin to continue to increase in value here, It looks like as long as we stay above $40,000 region this has a good chance of playing out. Dont forget to hit like & leave your comments if you like the idea thank you traders!
Long
by Worth_The_Ri5k