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Longtermtrendline

BTC Has Reached a Long-Term Logarithmic Trendline Primary Chart: BTC's Long-Term Upward Trendline that Has Held as Support since 2013 (Weekly Log Chart) BTC Appears to be holding right at a long-term trendline that has held as strong support since 2013. The chart above is a logarithmic chart, which can help present a more accurate perspective of price action and price relationships when the chart covers a great deal of price history that spans a significant range of values. The decline since the all-time high has been severe, but relative to BTC's entire price history as shown on the log chart, in percentage terms, the bear-market decline looks less severe than it does on the regular, linear-scaled price chart. On the linear chart, BTC's decline has also reached key make or break levels determining whether the recent corrective bear rally will continue or whether new lows will be reached sooner than later. The Fibonacci Retracement levels below must hold if BTC is to avoid—at least in the next few weeks—heading back to test lows or make new lows. If the retracement levels below do not hold or are not recaptured—specifically the .618 R (which has already been broken this past week) and the .786 R, then BTC likely will be testing lows soon. Supplementary Chart A: BTC's Fibonacci Retracement Levels Near Term But the long-term trendline should also be watched. Given it's significance, it may be retested even if broken, making for frustrating trading for bears / bulls alike. Good luck trading this week everyone. Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction. CME:BTC1! BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KRAKEN:BTCUSD FTX:BITOUSD
BITSTAMP:BTCUSD
by SquishTrade
10
long term CCI trend changing signalAs you know, CCI(Commodity Channel Index) is the indicator of how difference from MA(Moving Average). If CCI(period) value is 0 then it is the same value of the SMA(price, period). Indication of overselling or overbuying will be counted by -100 and 100 value of CCI. What I chose value is 240. which is almost a year of period. My signal will be plotted this long term CCI indicator cross over -100. But I don't want it to be marked in case of long term CCI value fluctuating from -101 to -99 which will be marked frequently. Thus I put candle counter of 60 days after cross under -100 then only I count for cross over -100. By this I have very good signal to mark on the chart. Please enjoy my signal and have good profit from it~! Gazua~!
KRX:005930Long
by traderbaekdoosan
SE- My international E-Commerce playLast year, SE turned cash flow positive and posted the triple digit revenue growth quarter after quarter. It is a digital entertainment/gaming + E-commerce + Fintech all in one company and is turning into a behemoth in south east asia. In addition, SE was a favorite buy for several top hedge funds in Q4 2020. It seems like we will see some weak rally tomorrow as the bottom-buying pressure seems to have waned compared to previous occasions in which buyers showed up almost immediately as soon as the price touched the bottom of the long-term trend. Not saying the trend will be broken, but it's likely that we will see a brief consolidation first, then another swing low before the reversal happens. Nonetheless, I will buy the dip tomorrow and aim to fill the remaining of my positional size inside the demand zone. Not the investment advice. Just my two cents
NYSE:SE
by Libratus
5
Bitcoin- Bearish retracement vs Bullish reversal? Answer insideHello traders! I would really appreciate it if you can like my post and follow me if you find my post useful :) Short-term perspective- Derivative exchanges such as Bitmex and Okex (Both have high trading volume and oI) seem to be betting against bulls at this moment. Even though buying pressure was fierce yesterday at Bitmex, it was not able to break through major sell walls. More likely, we will see the BTC price retraces below 9k once the price reaches 9.2k-9.3k because the volume is on the slow decline as the price went up. I would continue to buy on the dip up to 8.7k lvl as long as there is no violent price rejection at 9.2k-9.3k lvl. Of course, being cognizant of the fact that BTC could very likely be in the bearish retracement phase, keep the positional size small, stop loss tight and take profit aggressively. Mid-term perspective- Strong technical confluence and sell walls are located around 9.5k-9.7k lvl. Even if bulls can blast through 9.3k, I see bears step in and potentially end this bearish retracement. Good time to flip short at 9.5k- 9.7k lvl. If bulls can convincingly break through 9.8k lvl and find the support at the price lvl, then we can safely assume this little correction is over. No matter what your directional bias is, I would definitely keep buy orders between 7.8k-8k range as I still believe that is the price lvl where bullish reversal/bottom for this correction will take place. Until next time, happy trading
by Libratus
BEAT- BEAST is about to be unleashed...Positional/swing tradeBEAT is your prototypical aggressive growth stock- Strong future growth potential with good earning and revenue track record ... If you can overlook its debt level. This beast was tamed for a while after its share price skyrocketed from $25 to almost $80 , but it is ready to unleash its fury again. But first, I think the pullback is in the store facing key resistance lvl in confluence with ichi and BB on the weekly timeframe. In addition, short % of float is around 10%. However, it is a bullish sign when price hovers below the key resistance lvl rather than experiencing outright price rejection. My buy zone is between $45 to $55 for the positional trade. The long term trendline and S/R flip below this price range will act as a strong support. Click the like button and follow me if you like my analysis :D
NASDAQ:BEAT
by Libratus
SIX Must See Bullish Signals from LTC 1DHello traders and crypto folk, this is a more elaborated version of my previous post . This is not financial advice, but merely my opinion based off the 1 Day Chart of LTC and you should not participate in investing in LTC merely based off of this post - crypto is still relatively new and NOBODY can tell you exactly where we are headed, but we're all headed there together. I am not a financial advisor. The first bullish signal on the 1 day chart is a three drives pattern we have fallen into and have currently been consolidating around. This also happens to be the shape of a falling wedge which in charting is typically a bullish signal. The third bullish signal is we have hit and stayed above the long term trend line spanning back to when LTC was less than $10. This is a crucial support to stay above. The fourth bullish signal we have is from the wave trend indicator which is showing us a double bottom has just occurred which previously have been followed by a reversal to an uptrend. The wave trend has also started to curl upward which is a nice bullish sign. The fifth, a low CCI spike up which has previously led us into an uptrend. And the sixth, oversold RSI spike up. If parameters were based off of the three drives pattern/falling wedge, I would expect a price spike to around the top of the wedge or, i ($300-$375) the question remains on how long it will take until we get there. If you liked this idea, please like and share this post and I'll keep it updated. I also think LTC/BTC has a big role in this and if you've made it this far reading this post, here's a little extra: LTC/BTC has just bounced off the bottom of the 1D bull flag and created a wick. It should, but could also not be , up from here. Good Luck!
BITFINEX:LTCUSDLong
by CrypticTrading
12