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Magic

MAGICUSDT 4HMAGIC went through an accumulation period, ranging between 0.03714 and 0.04768 and soon started Elliot wave 1, formed 2 , 3 and is heading to finish wave 4 to explode to 5. I'm watching MAGIC hold above the 200-day moving average. Which is $0.04310. This is a critical level, that is, a powerful support that we cannot leave unnoticed. Here are the supports and resistances in the 4H: Main support levels : 0.05379 /0.04768 / 0.04310 Main Resistance Levels :0.05884 / 0.06289 MM200: At the height of 0.04310 MAGIC is the currency of the Treasure ecosystem that serves as money between the metaverses within the common economic layer, it was designed to be increasingly scarce as it weaves an ever-growing web of narrative bridges within the Treasure metaverse ecosystem.
by ferulianov
MAGICUSD Nearing August Resistance, may be last buy opportunityThe Magic token (MAGICUSD) is living up to its name and is rising aggressively within a Channel Up. That pattern was formed after it made a Double Bottom on November 09 2022. It has turned the 1D MA50 (blue trend-line) into Support, which was successfully tested but right now is approaching the first important Resistance of this uptrend, nearing the 1.6100 level (August 10 High). A pull-back there to re-test the 1D MA50 could be the last buy opportunity before the 3.500 - 4.200 range, which is Resistance 2 (and April 02 High). We can determine price highs when the 1D RSI forms Lower Highs (Bearish Divergence), in contrast to the price's Higher Highs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MAGICUSD
by TradingShot
4
New month, who dis? 1d/4h with +/- 10%, 25%, 50% vola filter 🌭The What: 
1d chart on left shows +/- 10%, 25% and 50% levels based on the monthly atr (roughly 450 pts) and the 4h chart on right showing +/- 10% and 50% levels based on the wkly atr (roughly 186pts). 
 The Why: 
+/- %’s levels serve as vola filters to map directional trend of a move within a given range, as well potential markers to gauge an extension in pa. Levels can also be used to identify pivots within wkly/mnthly range. 1d chart on left showing pa above hma sup, with next cycle on hma and dmi being bullish. DMI also shows no hh on di- since 1d close @ 4292, thus presenting a bull div. Break above 4188 (1d hma rt) and Indies will roll into bull x. 

 On right, 4h showing bull div on dmi, with next cycle on hma and dmi also pending bull x. 

Stay above 1d sup @ 4110 and 4h sup 4094, and pa to push upside for marginal pump towards wkly rt @ 4280. 

 Algo pivs enroute to wkly rt: 4172, 4179, 4194, 4266, 4277 with 4299/4303 as feasible extensions on the wkly atr. Mind the 200 hma on 4h (currently @ 4227) for safety, and never be the last one out. 

 Current bias: Bullish on 1d, Wkly still bear unless it sustains 4301. 
Live chart showing 1d/4h levels based on monthly and wkly atr, to be updated wkly after 1st 8h candle from Sunday open. 
www.tradingview.com 

Live chart showing major algo pivs upside to ath and down to pre covid rt (and lower for giga bears) on 4h (updated daily, i mean, hopefully, daily, yah alright, updated daily.) 
 www.tradingview.com appreciate the risk. 🎲
CME_MINI:ES1!
by iSovereign
7
How to Catch a Falling Knife by the HandleI'm not suggesting here that the broader equity market is going to violently sell-off soon or anything like that. I figure that posting an idea on such a scenario might be useful just in case volatility picks up a few knots with some foreseeable seasonal headwinds. Also, the broader equity market is probably going to sell off soon. Now that the possibility of such an event has been thrown out there, I offer something that could make the whole experience even more fun than meme stocks. That would be the use of the 186-period exponential moving average to locate the approximate price level where the first safe area to take profits would be under a crash scenario. Typically, you don't want to "catch falling knives", or any other falling weapon because it is assumed that the trader catching said knife/weapon thinks he has caught the bottom. Of course, he has done the opposite and is in fact, holding a bag of something that will drop in value very soon and the hand he is holding it with can barely hang on because he missed the knife's handle on the way down. While this scenario happens all too often, i believe that catching a falling knife can be done safely and profitably if using the 186 EMA and a SHORT position. What you are then catching is not the stock/derivative itself at a discount long, but rather closing out a short knife that you threw a while back for extreme profits. The key is that the 186 EMA offers you a nearly perfect target to safely exit an extreme short position, without using complicated time/price methods that are usually esoteric to some extent. Just take a look at the chart displayed above, which offers a detailed look into the kind of weapons that SP Futures traders had to deal with over the years. To fully appreciate the results of this demonstration, you must understand the difficulty of trading this futures market. The degree of leverage is high enough to wipe out new entrants within hours and is also severe enough whereby the assumptions required to use Wave Principle cannot be relied upon. In summary, the fact that this EMA either caught outright or was the cause of the first major bounce of ALL significant selloffs over the past 10 years is remarkable. On the weekly timeframe, it will undoubtedly prove useful for bearish swing traders using an intermediate time horizon. In a whipsaw scenario intraday, the 186 can be quickly applied in a pinch, which can prevent panic selling in all sorts of situations. The uses for this tool are many and I am lucky to have randomly stumbled upon it about a year ago when messing around with pinescript for the first time. In fact - see for yourself how the 186 EMA somehow plays a structural role in at least one timeframe (even the 5-min at times) of any given price chart. The key is to find which timeframe the 186 is fitting most closely with at the current time. Remember, use wisely when catching weapon-profits, not weapon-long-positions. -PiggishMagician AMEX:SPY SP:SPX GLOBALPRIME:US500
CME_MINI:ES1!Education
by UnknownUnicorn5511258
7
#BTC big move coming January 2nd or 3rd! High Time FrameMoving Averages: - Using the 400D EMA as support, which was held during the June/July 2021 markdown. By held I mean that we have not closed below it on the weekly TF since March 2020. Patterns: - Markdown structure is almost identical to last year's at a slightly smaller scale. Bitcoin will recover when most of the retail traders will (at least psychologically) capitulate as most of the support classic patterns and geometrical shapes will have been broken. Fibonacci: - Fib levels self explanatory (July 2020 bottom to ATH) we might ultimately hit the 0.702 level on full retracement or maybe below it at yearly RVL Volume profile for the yearly range: - Value area low could be touched in theory without breaking the ultimate support (39k). This is the REAL DEMAND zone, a zone where people will buy like there's no tomorrow. We're just under yearly POC (48000) which is not great as it acts as massive resistance. Black Magic: - if you believe in moonphases.... there will be a New moon on the second of January. (It' annoyingly accurate for major moves) If we break 39k....30k is the next support well... and see you in a few years. Don't forget to DCA. Meanwhile we trade up and down.
BYBIT:BTCUSD.P
by maxmts
1