This is my plan to entry for a long positions on Bitcoin. I am still bearish on Bitcoin and I will show after this my trade setup for short positions, but anyway the market can do anything and if it will go long than I must see something to enter for a long position. Only count from here is to have an bigger 1 wave and now multiple 12 12. The last 1 wave it can...
I think an running triangle is ended also the 1st and 2nd subwave from a 5th wave is ended, wave 2 bounced 3 times into 0.854 fib retracement of the 1st subwave. I am expecting a fall to 15000 fot Bitcoin if this is a correct count that.( Above 21000 this count will be invalidated)
I think that the correction is not over and we will gonna se further more downside move. This is my daily count and we have a zigzag corrective pattern and the equlity of wave A with C it is at 12500. I think Bitcoin is into a 4th subwave from the 5th wave of the C wave and it will do a last 5th subwave.
A perfect example of a leading diagonal. This type of pattern is formed in the current conditions of the market when the buyers still do not have a great confidence, thus forming wave 1 of a higher degree in the Elliott Wave structure. I will present the Fibonacci relations from such a pattern: Wave 2 corrects in the area 0.768 of the Fibonacci retracement of...
Bitcoin I think will do a flat correctio so be careful
Bircoin will start to push higher at least for a C wave. I am expecting to go somewhere at 24500 - 2500 for a C wave
Waves can start to push higher with an 12 12 impulsive pattern. we have an expending leading diagonal for 1st wave (red) and than an leading diagonal for second 1 (blue). As it stay above invalidation line the count looks good!
My idea is simple. We are going long retailers (AMZN, TGT, WMT, COSTCO, etc..) and we are going to short energy (USOIL). Hear me out before you cringe at this unusual trading pair. The US econ has felt some serious effects from inflation. Oil prices are ridiculously high due to the war and it has caused the price of gas to go up. When gas goes up, it costs more...
Hello, dear TradingView members. This idea is a Bitcoin analysis, for the LongShortCompetition. As I said on the last chart: "So the 17K-20K area is the support we have for now, which we have been waiting for, for the last few months. Our local resistance is the 23K area, which can be experienced once more. Now that we are here, there are only two possible...
Waves looking great. Entry with buy order at 5.60 - 5.40 and take profit for at least C wave 8.50-10.00. I will update this count so stay tuned, like and subscribe.
Hey everyone! 👋 This week, we wanted to do something a little different. As you may have guessed from the title, we're running a trading idea competition! The prompt for this competition is simple: Post your best pair trade idea for the given market conditions. Your idea's time horizon can be anything from the next week, all the way through the next several...
Hello everyone, this is my (last minute) submission for the pair trade competition Table of Contents: 1. Intro 2. Correlation Matrix 3. Outcome Permutation 4. Fractals & Price Deviation Phases 5. Levels & Open Space 6. Further Hedging & Strategies 7. Final Setup 8. Scripts & References I quickly scraped this together (and actually ran out of time), so this...
First off, I am NOT implying that these two assets actually have a meaningful relationship with one another (correlation of any sort/or if MU goes down so does BTC, vice versa). I am just pointing out that Bitcoin and Micron have had similar price action in terms of peaks and troughs and I want to keep watching that relationship. What's interesting to me is...
#longshortcompetition Long: TCEHY / Short: ATVI Not only do the technicals show a downtrend with support for Tencent. I for one can see the writing on the wall for activision blizzard . They aren't a "bad" company. But boy oh boy have they been taking L after L after L. Whether its corporate structure, actual incompetence, etc. As someone who grew up on games...
Bear markets, economic slow downs, recessions, inflation, the Fed, Jerome Powel, etc... It's enough to make anyone feel sick. Well, step right into the Doctors office because I have the cure for what is making you ill. But before I start writing prescriptions, we need to apply a diagnosis. First let us review the causes: Soaring Commodities. Crashing...
Idea for competition: short insomnia inducing all night gaming by selling short GME and buy long the czar of caffeine concoctions KDP. Rationale: As the economy enters recession, discretionary money for buying video games will decrease. Meanwhile, pressure from significant others to go make more money will result in an increase of caffeine consumption by the...
*****Week 27, Wednesday, 29 June 2022***** In this analysis, ATR(14-period) and the size of the body candle are used to determine the momentum of the candlestick. When the value of candle size is bigger than the ATR value, the analysis concluded that the momentum is higher than the average range. Thus, we can conclude that a continuation of the market structure...
Will the major Altcoins particularly ADA, LINK and UNI breakout of their descending wedge setups. Is this prominent technical setup, the signal for a breakout to the upside? Or will continuing macro woes, make the TA analysis null and void. Equity Markets might be seeing a bear market bounce, this could relieve downward pressure on risk assets? Allowing the...