M-oscillator
Ethernity (ERN)On the above 4-day chart price action has corrected by 90%. Today is great long opportunity. Why?
1) RSI and price action resistance breakout.
2) Price action double bottom.
3) Price action prints on past resistance since breakout. Look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: Will say elsewhere
PlayDapp (PLA)On the above 4-day chart price action has corrected over 95% since the sell signal(not shown) @ 2.80 in November 2021. Today is great long opportunity. Why?
1) You know why.
2) RSI and price action resistance breakout.
3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period. 4x34 days.
4) A double bottom on support prints.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: Will say elsewhere
SP500 - Bullish Outlook - Bullish DivergenceVANTAGE:SP500 is in a strong bullish trend. After retracing on smaller timeframes, price formed bullish divergence and broken the last higher high for the first time before retracing from a resistance trend line. Expecting the price to retrace early next week, followed by bullish price action.
GBPCHF - Bullish Trend Line - Bullish DivergenceOANDA:GBPCHF has been in a daily bullish trend and holding the long term support trend line. Currently price is trading at 0.5 fib level, and bullish divergence is also forming on the chart. I am expecting the price to fall and continue to get closer to the support trend line, forming bullish divergence next week. I will be buying on any bullish price action close to the support trend line.
Home Depot DivergenceHome Depot is a stock that loves bull and bear divergences in technical terms. There have been 3 bullish divergences since 2022, all of which have brought an average return of around 25%. The last divergence is now in place and a potential 25% return would push the stock over $400.
Alien Worlds (TLM) - 30xOn the above 5-day chart price action has corrected 98%. A number of reasons now exist to be long. They include:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence over a extended period.
3) The falling wedge breakout with target as measured from high to low touch points (blue circles).
4) A few other reasons, especially on the higher time frames.
Is it possible price action corrects further? Sure. Even after a 98% correction sellers are still selling, that takes a special mindset ;-)
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Timeframe for executing long: This month
Return: 3000%
Is FFIE running to earnings early ? Maybe yes. LONGFFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past
two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time
high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward.
A massive volume inflow peaked the price action in keeping with Wychoff's theory. 42 million
shares traded yesterday morning. The EMA cloud settings are periods are 14/56/140 ( long story
multiples of 7). The slow and fast RSI lines had a golden cross of fast over slow and
both over the 50 are quite demonstrative of bullish momentum. ( settings 3 hrs and 1
week). I will play this long until earnings- adding 100 to 1000 shares per day at the low
of the day on a 5-15 minute chart. I will also look at the options chain for March 15th.
Given that WKHS did the same thing and reports the same time, something behind the
stage curtains is underway. Penny stocks are always risky. My analysis has the risk diminished
here.
$SPY May 31, 2024AMEX:SPY May 31, 2024
60 Minutes.
As expected, 522 was achieved.
21 ema of daily done.
In Both daily and 60 minutes the bar making ATH is the issue. It had close near low of bar.
Hence long for higher target is only above 533.5 levels with close near top of bar.
Yesterday i had shared A, B And C.
And said B and C was important for the day.
Today i will consider A the rise from 499.55 to 533.
We can see in daily the rise was swift.
Thats being corrected now.
I expect AMEX:SPY to consolidate around 516 - 517 levels before next uptrend as long as 488-492 is held on any retrace.
Now for the day in 15 minutes we have oscillator divergence.
AMEX:SPY making LL but not supported by Oscillator.
Considering the fall 529.9 to 521.34 a retrace to 526.5 is possible being 61.8% retracement and 10 averages too.
So today contra trade could be a buy around 522 - 522.5 levels for 525 - 526 as target or sell 525-526 for 518-519 levels.
Buybacks vs. Rotation: JPM and AAPLMany companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities.
Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI) is based on outstanding shares. So with fewer shares outstanding, it can help PSHI hold at a certain level. The Buy Side has been lowering inventory this year. See red arrows on the JPM chart.
In 2018, Buybacks boosted the index components and kept the market from continuing a bear market, which was already underway--a minor bear not a major one. Then in 2019, buybacks surged as the government cut corporate taxes massively. The cash on hand was enormous for most companies so they did mega buybacks, leading the move upward for index components that year. Then, in 2020 the pandemic stock market collapse completed that very odd delayed bear market.
Buyback candles are frequently solid white without wicks or tails. Buybacks often initiate strong swing-style runs, such as they have in $NYSE:JPM. See the blue arrows.
NASDAQ:AAPL also announced a huge buyback program in early May. This gives the Buy Side Institutions the opportunity to lower inventories of AAPL too, without disturbing price much, if at all. AAPL is in a sideways trading range, which is a tough pattern to trade since there is no consensus about what the company is doing to fuel future growth.
DAX Tests Critical Support after Hotter German InflationConsumer price pressures in Germany accelerated in April to 2.4% y/y, which marked the first uptick since December. Eurozone inflation meanwhile persisted at the same level (May preliminary due on Friday), while wages in the region increased in the first quarter. This has created some worries around the disinflation process and the central bank’s prospects for less restrictive stance.
GER30 extends its slide from the recent all-time peak into the third week as a result and now tests a crucial support area. It breaches the EMA200 (H4) threatening the 38.2% Fibonacci of its last leg up. This would pause the bullish momentum and create risk for deeper pullback towards the daily Ichimoku Cloud, but we are cautious around sustained weakness.
Recent European inflation data may have showed some persistence and European officials may have warned against back-to-back rate cuts, but the ECB is expected to become the first major central bank to pivot and slash rates next week. This shift towards looser monetary setting, along with Germany’s exit for recession, are supportive for the stock market. Furthermore, the RSI is oversold and if GER30 manages to hold the pivotal EMA200 and 38.2% Fibo, its bullish bias would be reaffirmed and could lead to new record highs.
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Past Performance is not an indicator of future results.
Ethereum Price Predications on the Daily timeframeEthereum (ETH) Price Analysis and Predictions for 2024
In this analysis, we explore Ethereum's current bullish trend, key support and resistance levels, and potential price targets. Using daily and weekly charts with indicators such as the 50 EMA, 200 EMA, RSI, and Stochastic RSI, we provide a detailed outlook on ETH's price movement. Watch for potential pullbacks to $2,900 support and aim for price targets at $4,046, $5,626, and $7,000. Join the discussion and share your thoughts on Ethereum's future!
Sine Curves and NasdaqSharing a quick chart art analysis of sine curves over the Nasdaq.
If this kind of pattern continues, we should see the start of a sideways move over to the second half of the sine curve after which, the move to the top continues. If the pattern holds true, we can expect a retracement in the 40% to 30% range sometime in an 18 month timeline.
Short and BTFD on the transition across during the Summer
Long in the Autumn for the final leg up
Note that the first two sine curves complete on a 2 year schedule and are part of a similar inflation regime. This current sine curve looks set to extend to 4 years with significant inflationary attributes.
I think this is interesting because it is not a click bate doom scenario nor is it a full guns blazing BTFD scenario.
Anyhoo... it's chart art. Take it for what it is.
EURO & Olympic games are close / CHILIZ can reach $0.3 level! BINANCE:CHZUSDT
COINBASE:CHZUSD
Hello Traders
Chiliz is one of my suggestions for the altcoin market.
You can clearly see long-term accumulation of the price and the break in pitch-fork structure strictly.
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the Olympics and Euro games approach, the demand for betting on matches and sports tokens will increase.
Monthly Chart on Bitcoin signals Macro Top ReversalWith only a few days remaining this month, the monthly chart on Bitcoin is setting up to be very bearish:
As price action has gone up, Market Cipher B is printing a red Sell signal on the 1M chart, signaling a macro top reversal.
If this monthly closure confirms another macro top, bearish divergence will confirm on RSI (top half) and Momentum (bottom half).
Money Flow is also going down, and the VWAP shows a negative decline.
S&P 500 Short: Potential Ultimate Peak on 23rd May 2024Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points).
Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024.
Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not with being right.
Good Luck!
Head and Shoulders Sell PEPE Buy FIATS/L phuck it
T/P 0.______144???
Looking at this ugly head and shoulders...
I know people ridicule and thats ok, we all have to start and view
But ayways
Looks like a local top and a corrective wave which is long over due
Added a Fib, and confluence to retrace to the .618 on 4 hour and hourly
Whats your tradingview?!!?
USO - Oil Prices are Rising LONGUSO follows the futures prices of oil barrels. On this 30 minute chart, price falls have been
rejected by the POC line of the volume profile and the Lux Algo Donchian channel has
transitioned from downgoing to trending up. The dual TF RSI of Chris Moody now shows
RSI holding above 50 in both the 15 min and 60 min TFs. Net distribution has bottomed out
and accumulation now exceeds distribution. I see this as an excellent entry to buy calls
above the money at $70 or look into shares of USO / UCO/ GUSH ETFs or look at any of
the oil sector stocks including well services which are typically small caps with great upside
volatility with price action momentum. My favorite of those is BORR which currently is trending
up and may have much of its move ahead. The ascending parallel channel of USO is perhaps
a signal for the sector at large.
BTC potential IH$S - If 60k bounce: 71k target
BINANCE:BTCUSDT 4H Analysis
NOT FINANCIAL ADVICE
TL;DR BTC continues moving downwards towards the 60k mark. A bounce there would validate the IH&S pattern and open the way for a W3 to 71k.
We have a lot of confluence:
On top of being the right shoulder of the IH&S pattern, a retrace to 60k would be 0.618 fib of the last leg up
We are seeing some support from the 50VWMA (yellow), very close to the 60k mark (currently 60.7k)
TD Sequential just printed a perfect Buy Setup (red M9), indicating a potential reversal. You can see on the chart how accurate its previous signals have been
RSI is nearly oversold (currently ~35)
Both the MACD and its signal line are in the negative. Once we have a crossover, the further below 0 it happens, the stronger the reversal confirmation will be
Bitcoin Rainbow Chart hints at the right buying time | 28.05www.blockchaincenter.net
Investors’ confidence in Bitcoin (BTC) has somewhat dwindled as the king of crypto fails to go above $69k. However, the Bitcoin Rainbow Chart revealed that BTC was actually mimicking its 2020 trend post-halving.
The revealed that after months of its third halving, the Bitcoin Rainbow chart revealed that the coin entered the “BUY” zone. After remaining in that zone for a few months, BTC’s price skyrocketed.
A similar trend was seen in BTC’s 2024 Rainbow chart, as it indicated that the coin was in the buy zone.
If that is to be considered, then this might just be the last opportunity for investors to buy BTC at a lower price before it moves up and enters the accumulate and HODL zones.
Like metrics, most of the technical indicators also looked bearish. For instance, the MACD displayed the possibility of a bearish crossover.
The Relative Strength Index (RSI) registered a decline, indicating a price drop soon. Nonetheless, the Chaikin Money Flow (CMF) remained bullish as it went northwards.
WHITEBIT:BTCUSDT
TSLL is Telsa with a boost of steroids LONGTSLL is an ETF of TESLA instruments leveraged 50% - while TSLA has its own range
percent from its volatility TSLL does this even more at a lower per share price.
On the 4H chart, TSLL can be seen pivoting down in a VWAP breakdown from a high
about July 19th. It is now in deep oversold territory supported by the redline of the
second standard deviation line below the thick black mean VWAP. On the ZL-MACD,
the cross under the histogram and the ascent of the lines toward the zero line shows
in my opinion bullish disvergence. Upside to the target just below the POC line of
the volume profile is about 15%. I will go long taking call options as :
1. contracts striking $ 16.00 for an expiration of 8/25 and,
2. contracts striking $ 17.00 for an expiration of 9/1.
I am anticipating overall profits of 100% as a goal in this trade. I avoid time decay
and in risk management I will close a position when it hits 100% or not less than
two days before the expiration. Good luck on this trade if you take it. DYODD !
COIN setting up long after a pullbackCOIN has a big jump July 13 after some good news on SEC litigation against crypto
and a court ruling was issued. It is shown here on a 15 minute chart.
Since a double top it went sideways for a week and then down trended. The anchored VWAP
bands serve to give context and serve to show dynamic support and resistance price was at the
mean VWAP on July 13th when it popped. In the price action since price did a VWAP breakout
and then a breakdown to bounce off the same mean VWAP black line and is now a bit above it.
As I believe COIN is now trending up with the relative strengths of the low and high time frames
at about the 50 level. I have set a stop loss below the VWAP line and targets as TP1 -105
TP2- 107 and TP3 -109 although the price could reach the highs of 7/13 especially if
there are legal or regulatory updates favorable to the cryptocurrency sector. I will also take
a look at RIOT and MARA.
Time to DCA Bitcoin againI'm keeping this simple: the current Bitcoin price is under the 2 Year Moving Average and the 3 Day RSI is showing oversold. In the past, the combination of both these factors indicated a good buying opportunity for the rest of the cycle. We can't know how much lower bitcoin will go, or how long it will stay at current levels, but I will be buying regularly again.