BTCUSDT Long position setup 23-3-15After the news about the bankruptcy of American banks and the possibility of an interest rate increase of 0.25%, Bitcoin started a good growth.
My view on Bitcoin is bullish and I have targets of 28,000 to 31,000 in mind for now
The specified area can be suitable for entering a long position. Now we have to wait to reach this range. After reaching the range and seeing the appropriate setup, I enter the long position. This post will be updated...
This Analysis will be updated ...
Sadegh Ahmadi: @SDQ_Crypto
15. Mar .23
(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
Longposition
ICI (Impulse correction Implulse)There is nothing more interesting that seeing an impulse and waiting for a retest in a trending market. Formation of weekly demand area (Bullish market), price breaking a resistance to the upside (impulse correction impulse, in a trending market sign of bullishness). All we can do is to wait, and see if there will be any signs of rejection on lower time frames on the support zone. If there is then it is a longing opportunity.
Make sure to make good use of risk management!!!!!!!!!
BNB - Symmetrical TriangleOn the chart we can see a symmetrical triangle pattern, which is a neutral pattern meaning that it can breakout either to the upside or to the downside.
Enter the trade once the price breaks out of the triangle.
Look at the volume surge in order to avoid the false breakout.
Targets for long and for short are shown on the chart.
SWN - Long PositionOn the chart we can see a falling wedge pattern with lower highs and lower lows.
We anticipate the price to reach the resistance. As it is a strong resistance, we anticipate the price to get rejected. Next, we expect another upsloping attempt toward the resistance level.
Good Luck!
Megaphone Bottom | 20% move possibleDirexion Daily Semiconductor Bull 3X Shares forms bullish "Megaphone Bottom" chart pattern
"Megaphone Bottom" chart pattern formed on Direxion Daily Semiconductor Bull 3X Shares (SOXL:NYSE). This bullish signal indicates that the stock price may rise from the close of $16.61 to the range of $19.60 - $20.30. The pattern formed over 16 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend.
With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.
ATOMUSDT - 12h timeframeI have entered into a long position in Atom as I believe that wave 2 on the 12-hour timeframe is soon to be completed. This gives me reason to believe that wave 3 will soon follow, which I plan to ride in order to profit from the price increase.
It's important to note that the Elliott Wave Theory is not a guaranteed predictor of market trends, and conditions can always change. However, I believe that the current market conditions suggest that Atom is poised for a price increase, and I am confident in my decision to enter this long position.
As always, it's important to closely monitor market conditions and adjust your position accordingly. However, I am optimistic about the potential for profit in this long position and am excited to see how it develops.
BINANCE:ATOMUSDTPERP
Long Entries:
11.52
10.95
9.79
TP Levels currently only ideas and not finally planned:
18.83
26.37
BTC/USD (Bitcoin) - Falling Wedge Breakout Pattern - DailyBTC/USD (Bitcoin) cryptocurrency has finally broken out above a 1-year falling wedge price pattern.
Bitcoin price needs to stay above $25000 and continue its uptrend to sustain a rally this year
Resistance Targets above are: $30000, $40000, $50000.
Support Targets below are: $25000, $20000, $15000.
note: recent volatility and price action has been influenced by global economic factors such as interest rate hikes, inflation, recession risk, and banking crisis. be aware of fundamental news that can override technical charts.
Analysis of HK50 Index on the Four-Hour Time FrameThe HK50 Index has recently given a breakout above the trend line on the four-hour time frame, indicating a potential upward trend. The index has broken several previous highs and is now taking support to continue its ascent.
Traders looking to enter the market can consider a long position, taking advantage of the current support level for a potential uptrend. However, it is important to closely monitor the market and exit the position if the index shows signs of a reversal.
Keywords: HK50 Index, breakout, trend line, support, long position, uptrend, reversal.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market