IOTX curved channel and trajectoryThis is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
I know that the uptrend looks like magic and doesn't seem to have enough data for such a strong bull movement, but the last bull run was enough to create an angle degree that allows me to trace this channel. Combined with some tokenomics seems like a probable scenario for me.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
G-channel
FLM curved channel with arcsThis is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
The yellow arcs show the internal cycles that FLM is following, so BEAR corrections are expected in the BULL path.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
WIN curved channelThis is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Even if I'm following WIN for some time, this is my first draft attempt to find a channel for this chart.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
SRM curved channelThis is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
BTCUSD - D1 - WARNING - POTENTIAL DOUBLE TOP IN PROGRESS !!!Good morning, today we are going to look at the daily picture.
Being in a broad uptrend channel (in green) since the lows (double bottom around 29'000), the BTCUSD,
from, its recent upside breakout of the clouds is currently in a more steeper uptrend channel; in making,
yesterday, an intraday high @ 55'800 (acceleration triggered by the breakout of the former high @ 52'810).
Interesting to note that recent and current price action is showing the formation of a potential double top pattern !!
Upcoming D1 closing levels should then, be watched very carefully as, currently, the BTC/USD is, also, attempting to breakout the
upside of the new uptrend channel (in orange), which recently took place.
As long, as the BTCUSD, stays and hold sustainably above 53'433 on a daily closing basis, the picture will remain OK in supporting
the ongoing upside move and will open the door for higher levels towards 58'000/58500 (cluster 2 channels resistances !)
On the other hand, a failure to do it would be the first warning signal of a reversal (Dark cloud cover); stronger bearish signal
would be given by a breakout of the 51'500 (Bearish engulfing pattern).
Looking briefly to the weekly picture, the upside breakout of the downtrend line resistance is in progress and should be confirmed by the
next weekly closing level in the next couple of days and last but not least also validated by the lagging span which also should breakout
the 60'000 area (former weekly closing level)
CONCLUSION :
As always, I strongly suggest to monitor closely, shorter intraday time frames which will help you to detect early signal (s) from the very short term
pictures which, of course, should be validated by higher time unit !!!
Have a great day.
All the best.
Take care
Ironman8848
ALICE curved channelThis is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
ETN curved channel and trajectoryThis is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
The trajectory for a BULL run is highly probable due to accumulation, magenta channel scope and downtrend momentum ending. By oscillation price is gathering a strong potential for a big LONG position.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Symmetric Triangle Appears FET/BTC #FET $FET #FetchAIHere we see our FET 12 hour chart and boy we see quite a pullback ! We're now under 1400 . But if you see those black lines on my chart it does look as if we are forming a symmetric triangle shape . Now a chart pattern like that can break upwards or downwards - and by approximately the same amount as those purple lines show (which is the length of the rise near the start of the pattern . ) I expect a break upwards towards the 2900 / 3000 area since a break down out of this pattern would take us to 200 sats area ! And I definitely don't see that coming ! So I say this breaks Bullish . Again many charts look similar with the pullbacks and the MAs but big pullbacks also mean big rises will come . This has possibly been a shakeout situation but there's always big swings in a Bullrun year and I've been expecting some crazy moves so I'm good ! Now a symmetric triangle pattern shouldn't actually play out to the very tip or end of that black triangle . It should choose a direction and break away before we get to the end of the pattern ( I expect a break upwards . ) Also some people might see this as more of a pennant but I disagree since there is not technically a flagpole here and you can't have a pennant without a flagpole . So I say it's a symmetric triangle . Also you can see that pink and blue band we're in ? That's a regression trend channel . And we've definitely wicked to the bottom pink part of it ( as well as hitting a TD Sequential 9 in red on our daily chart . ) So I really expect a turnaround and I expect it soon . This weekend could be interesting but by next week I think this will be on it's way up again .
BTCUSD: When new moon?Don't ask me why, but tomorrow between 04:00 and 10:00 UTC it's going to go down further. This is not an analysis which you should build an investment upon.
We're on the way down for a little while. Call it a correction or a beraish phase. RSI (1h) is going back to the middle of the band, and it's going further down when it reaches values between 50 and 60, I guess. Look at the days between Apr . 18 and 22, as well as May 13-15, May 16-18 and May 20-22 earlier this year.
Honestly, nobody really knows what's coming in this volatile phases. But check the similarities.
What do you think?
XLF - Dead CatfishNew banking regulations in EU and elsewhere combined with QE punch bowl drying up is taking wind out of the sails of the Financials.
XLF appears to be struggling at the mid-line of the regression channel again!
Potential 4th failed attempt to cross midline unfolding.
Similar chart pattern last July into Sept, which resulted in a ~10% sell off.
Bearish Engulfing candlestick pattern at recent top.
Several nearer and longer term price gaps to fill to the downside:
Nearer-term gaps
@ $37.75
@ $37.20 and near 50-day MA
@ $36.01 small but there
Several more gaps a bit farther south.
Most indicators rolling over/sick on the daily. XLF near ATHs but the ADX looking like a dead catfish that cant swim anymore...just floating with the current...and the current is taking it down off the regression channel mid-line sooner than most expect.
Target = gap fill near 50-day MA and then a kiss off the 200-day if we get some action to the downside.
Short Oct 15th Puts with $35 dollar strike.
Not financial advice.
Big weekend leading up to Jackson HoleWow!
Markets are coming to a head fast!
S&P futures have been low volume and ripe with volatility growth.
Jackson Hole approaches and hedging / volatility futures have priced in movement to the downside.
Bears are waking up from a long 1.5Y nap after feasting in March of 2020.
China Tech sector continues to get pounded.
Why is China Tech sector so important?
Like the QQQ & Mega Caps led the S&P growth, so has the China's tech sector. The TVC:NI225 has been in decline since Feb as a result of several controversial decisions the Chinese Gov have made including the crack down on crypto and US listed companies.
Last Friday the TVC:NI225 crossed over the 50/200MA death cross and a descending wedge breakout. Yesterdays close was the first close below the breakout line and last night the decline continued its breakout downward.
This is important because of the gap that has formed between the S&P 500/QQQ/DIA and recently rejected the top of the TVC:NI225 descending wedge.
I'm starting to think the bulls have ran out of steam and will continue to get pulled down by the declining Chinese tech sector and unwinding volatility into September that could put the markets into a 10-12% correction territory sooner than later.
CRM - Time for Calls!After a successful acquisition of #Slack by July 31st (per their regulatory filing ), #CRM is poised to return to previous resistance levels.
I like ~ $261 (R1) as the next clear direction for the stock. If broken, watch for a return to ~ $270 (R2) as well.
With data provided by MarketBeat.com , the average consensus price target from analysts is $278.65, indicating a possible short-term upside of 12.27%.
💣Double Head and shoulder pattern on BTC💣Still, I think that BTC needs time to start again (UP UP). What is your idea? 🧐
Bitcoin Analyze (BTCUSDT Perp) Timeframe 15min ( Short term ).📉
If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it ( Down ), and now BTC is running at Range Channel (Between 37680$ and 36070$ ) for more than 2 days , after it did Pullback to the lower line of our triangle. In this area, we have a Resistance Zone .
Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 ( 37678$ ) + Cluster of Fibs .
Also, I found Rising Wedge Pattern ( The wedge broke down ) + Big Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder) + Small Head and Shoulder Pattern (It has a Divergence ( MACD ) between Left shoulder with Right shoulder).
My Suggestion : we can wait for breaking our Necking lines (to down ) == Triggers
Take profits for Short Positions:
Take Profit 1 : 35200$ ( Small Head and Shoulder' Target )== Reward to Risk(RR) is Not Suitable ❌
Take Profit 2 : 33950$ until 33480$ ( Big Head and Shoulder's Target+Weekly Support 1 )== Reward to Risk(RR) is Well ✅
Take Profit 3 : 32500$ until 32380$ ( Support Zone )== Reward to Risk(RR) is Perfect ✅✅
Stop Loss: 37520$ ( Over Right shoulder of Small Pattern ) & 37820$ ( Over Right shoulder of Big Pattern ).
Do not forget to put Stop loss for your positions (For every position you want to open)
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
📉 Bitcoin Analyze Timeframe 1h ⏰(short term) 📉Hi, I hope that u have a great day.
Bitcoin Analyze ( BTCUSDT Perp ) Timeframe 1h ( Short term ).📉
If you remember Symmetrical Triangle ( Post Topic: 🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐 ), the price was able to break it (down), and now BTC is running at Regression Channel until complete Pullback to lower line of our triangle . In this area, we have a Resistance Zone + TRZ (Time Reversal Zone).
Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 (37678$) + Cluster of Fibs + Lower line of Symmetrical Triangle .
Also, I found Rising Wedge Pattern at RSI (The wedge broke down) + Hidden Divergence ( HD- ) between MACD and Price , Until NOW + Ascending Channel on MFI (Money Flow Index/This channel was broken downwards ).
My Suggestion : We can find the best triggers on TRZ for opening Short Positions OR we can wait for breaking our Regression Channel (to down).
Take profits for Short Positions :
Take Profit 1 : 33480$ ( Weekly Support 1 )
Take Profit 2 : 32500 $ - 32380 $ ( Support Zone )
Do not forget to put Stop loss for your positions (For every position you want to open)
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
BTC bounce before continuing downward?BTC has recently had one heck of a dip over the past few days, but looks like a descending channel has now begun to form (red lines) that looks like a bounce might be in order.
A bounce from around the current price also looks to be nicely around the 38.2% long-term Fibonacci retracement from the most recent high. Additionally, the 4-hour chart looks to be giving so much divergence on oscillators as confirmation that I figure it not even worth a mention.
If a bounce here does occur however, I should note that the trend definitely looks to be downward as confirmed by the descending channel as well as a head and shoulders pattern (as indicated by the red head and shoulders lines) that looks to have broken a couple of days ago that looks to nicely extend to near 27K near the 61.8% Fibonacci retracement (as indicated by the yellow dotted lines).
It should be interesting to see how it all plays out for alts if a bounce does occur, as there is a potential for a few more bounces and breakouts before a potential further drop around early-June which is fairly reminiscent of 2017.
This is not meant as any type of financial advice and is just my opinion. But please like or comment if you agree or see anything differently.
SNXUSDT-4h : up trend channelDear Traders
using the Regression trend tool, one can see easily the uptrend channel in 4h time frame. the pitchfork also confirms it. price moves within the channel and hit the pitchfork levels well. As a result, if the price touches the mid-line and breaks it out, it will go to the top of the channel. if the price can not hit the midline of the pitchfork, it would go down sharply.
comment your ideas
EURUSD still in the mid-term downward channel.EURUSD still in the mid-term downward channel.
As shown in the figure, the EURUSD fell from a high of 1.2349 on January 6 to a low of 1.1704 on March 31, and rebounded sharply to around 1.2150 in April. The entire graph can form a "mid-term downtrend channel". The current price Around 1.20 integers.
The EURUSD price must rise above the April 29 high of 1.2150 in the short term for the April upward trend to continue.
Otherwise, the higher probability that the EURUSD will continue to trend downward in the "mid-term downward trend channel" in the future.
Update: May.6th 2021
Forecast validity: 5 - 15 Market Days.