Testing the Power Of 3 with CardanoWe saw a nice expansion from Bitcoin following the Power of three on the HTF. This is me just testing the strategy, I could be so wrong here, But let's see...
HTF
Standard chartered HTF. Bulls are back in town.Afternoon chaps and chapettes, we are looking at STAN forming a multi-year descending wedge, if we break out we should see some nice upside.
RSI has worked its way out of resistance from circa 2007.
Will go into more detail zoomed into the daily.
UK banks have the lowest exposure to Russia comparable to the rest of Europe, Standard chartered has no direct meaningful exposure which is of course very positive.
Most of Standard Chartered exposure comes from Asia which means interest rate hikes will be lesser impactful on income due to Asia generally cutting rates.
Targeting 8-10% growth up from 5-7%.
$750mln buy back program initiated at the last earnings report.
Bitcoin at Support Zone!!This is the moment!!
Can we hold?!?
- Confirmed Top
- Red Micro Dot (bearish)
- Fake Squeeze Breakout (squeeze + reversal)
- Squeeze Breakout + Weakness Arrow Signal
BTC might see 50k levels in near futureI know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line.
One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current levels are avg price for the most big players when the price ends up really going to 50k
I can't speak on time required for this but I estimate at least 4-5 months.
BTC HTF analysis and potential swing setupsAnalysis based on HTF chart of Bitcoin.
Bearish flow given Breaking out of Volume range of last and current year.
False break and long setups pending on reclaim of 32660 (DH)
BITCOIN HTF OUTLOOK (BEARMARKET)Here come my thoughts on the Bitcoin situation at a macro scale. 3 deviations (65k, 67k, 69k) to bait longs and tap liquidity in the market. We are clearly in a bear market on the HTF and I don't expect it to be over any time soon. Many sucker rallies happening but don't forget that these easily fade quickly in a bear market.
Since the beginning of 2022 Bitcoin has been trading in a range that looks like a redistribution range, again 2 deviations might be going for a third and final deviation in this range before finally seeing 30k's. Obviously order book showing lots of buy orders resting at 30k, there is no doubt we go below here to get everyone to exit their positions. This is where you will see the "bear market has started" news which was happening already before their eyes.
Now reasons as to why I'm calling 24-20k bottom:
CME Gap on Bitcoin futures
Daily and weekly demand zones
20k would be a retest of the old ATH from late 2017 that never got backtested
I want to entertain the idea that 2021 was the beginning of a big accumulation range/structure as we have been trading in a range on the HTF. If that is truly the case we have yet to see the "super cycle" everyone is talking about which will be something we truly have not seen before. Do with this information as you will!
NOT FINANCIAL ADVICE [
Exact Science is Exactly what we look for. :)Nice bat forming at a historical Ice line form way back when. Divergences are forming on other oscillators but Class A reversal divergence is on the RSI
US Stock In Play: $KBR$KBR - displaying an ascending triangle pattern & HTF after surging +27% from its wedge breakout in feb.
range is tightening up over the past 3 weeks with the overall market weakness not reflected in this name.
strong growth in revenue numbers in both QoQ and YoY.
US Stock In Play: $HRT$HRT - 6 months into its IPO. latest post ER trading on 22/3 displayed an episodic pivot (@PradeepBonde) behaviour.
currently a HTF setup with declining wedge pattern on lowering volume. key level to be taken out coincides with VWAP from IPO and ER, and a flattening 10MA at $16
Consolidation after breakout. Platinum is consolidating after a breakout of a descending triangle that spans two decades. Eyeing a breakout of descending channel.
RSI approaching bullish territory.
Volume is very strong and has been since the retest of triangle pattern .
Will be looking at buying all dips on weakness.
USDCHF 15M Yesterday ResultI see liquidity that taking all push it down and then touch my OB to go up to HTF. I missed my entry but it's okay there will be another chance to B/S
Good Luck guys!
2013 Support/Resistance TrendlineIf you use the peak of 2013 and 2017 for a trendline, you'll notice that we are using it as support for the current bull market in 2020
US Stock In Play: $AN$AN has been in my WL since nov'21 throughout its decline. eps and sales growth is impeccable, there is nothing to fault by the look of both QoQ and YoY growth
RS flatten from late dec, diverging from declining price. this week broke out of wedge.
to reclaim VWAP for entry.
US Stock In Play: $TXRH$TXRH operates and franchises restaurants under Texas Roadhouse
breaking out of its second HTF, & VWAP from ATH on its wkly. RS bullish divergence from dec to feb is reflected on daily.
one could position this on wkly as a hedge if you are overloaded with O&G & commodities name
US Stock In Play: $RADA$RADA in aerospace and defense industry, the leading ig now. they offer defense tech, and sells electronics to air forces and companies worldwide
wkly acton is a HTF spanning 2 yrs. broke out of VWAP from 52-weeks high yday with +250% ATR and +400% avg vol.
key pivot at $13.50
BTC - Lifecycle and S/R LevelsNot predictive analysis, just a quick reference with support and resistance levels marked across Bitcoin’s lifecycle. We are currently at a key resistance after bouncing from a mid-channel support.
I think this chart reflects reduced volatility since 2021, indicative of growing trust, maturity and liquidity.
Big resitances if BTC goes bullishFairly simple chart to follow. Looks li fe we remain in big trend eth cud make $70k
I still believe a retrace to $30 - $20 k before ATH.
Try not to break up larger caps for bigger percentage moves in riskier smaller caps:
Trading one pair always is more profitablr.
BTC/WM2NS: HTF FractalSemi-predictive fractal from 2013/2014 aligns nicely with HTF supporting trend-line.
Seems rational as well considering time of approaching sell-off occurring around Christmas, an time historically we've seen sell-offs .
Sushi pumping, why?HTF perspective --> sushi hits range low --> pumps towards mid range or range high
It is still in the huge downtrend, so far playing the range --> 3 possible scenarios ?
IMO we hit the mid range, after that, keep an eye for a while to decide which direction we go
Nasdaq Evening Star? 🎄 I am curious of others thoughts on this monthly candle close.
Not only the Nasdaq but Spy, Dow all closed with bearish reversal candles after a frothy year and a month of mania and extremes. Large influx of retail traders as well.
Go back and look for monthly doji reversal candles that aren’t at a top. Perhaps it’s not the too but only a significant correction or a healthy pullback.
Haven’t seen any posts of this around curios on thoughts.
HTF Analysis of the Bitcoin TopHTF Analysis of the Bitcoin Top
We are currently experiencing a widening cylinder due to the capitulation of today (26/11/2021).
-The current bottom would be 48-53K.
-A third top would be put in the 87-89K zone.
-Next correction is marked to bottom around 69K.
-This bottom would signal the start of the blow-off top that reaches it high around 200K.
-A failed retest of this top is expected around 175K.
-Finally the bottom of the massive correction is 89K.
In summary from the July bottom:
29K -> 53K -> 39K -> 69K -> 49K -> 89K -> 69K -> 200K -> 175K -> 89K
Algorand vs ICP dump and bounceBoth fundamentally strong projects that got overvalued at the top of a bull run. Both dumped more than 90% since launch. ICP seems to have much more strength as can be seen from the first bounce to 0.382 fib retracement.
