RIOT Gann Fan Moving Averages CrossNASDAQ:RIOT
Impressive chart history. Made this Gann Fan which is worth zooming in on to see the different lines it touches when at a high and zones it enters of consolidations. In addition made some trend lines to help point toward direction I see this stock moving. Moving averages look good. Going to go through what I see there as we are going to see the cross of 50 day moving average and 200 day moving average.
First trend line goes back to 2011 when we see the stock was 160. Looking at this line you can see the consolidation around this area before going down to new lows. This trend marks an important part of chart history as you can really make new high ranges beyond the point of 160 area. I use this important line to mark the potential to touch this line on a high.
Next Trend is great. 2015 is when you have 50 day moving average cross the 200 day moving average on a downward trend to go to new lows, which is a great starting point of the trend line. Connected this trend line to the top of each high at 2017 and 2021. This showed some improvement in what you can expect from this stock, to go and touch that trend line.
"Star" shows the area I am looking for in this stock. The trend lines show great connection and really points to what to look at when reaching this area. "Star" works so good as you can see the touch points on each line as well, which really just worked in our favor to show us what can happen. Watch for the "Star"
50 day moving average is black.
100 day moving average is purple.
200 day moving average is blue.
Moving averages on this stock show recently that the 50 day moving average recently crosses the 100 day moving average, which is bullish direction. Next looking for 50 day moving average to cross 200 moving average, which is very bullish. The momentum and volatility can pick up and start really moving like we have seen before. Zoom in to get a better look.
The range in the Gann Fan where the "Star" is, can be good to look at. This range is an important range which has seen consolidation before and I see this stock getting back there.
NASDAQ:RIOT COINBASE:BTCUSD
Moving Averages
TSLA - Key Support/Bounce ZonesTSLA made a 'M' pattern which is typically seen when an asset has made a top (e.g. SPY, QQQ and BTC). Stock price has declined sharply since.
Key support zones in the short term are is between 354 and 345. This is because there is a fib retracement level of 38.2% and gap fill between 354 and 345. This is a high probability zone because this is coincides with the upper trendline of the parallel channel that started at the start of 2023 and price broke through the channel in Nov 2024 before reaching new highs. Furthermore, SMA 50 is also at 345.
Should the price pierce through 345 then there is also a secondary support zone between 320 and 312. This is because there is a fib retracement level of 50% (golden ratio) and gap fill between 320 and 312.
Remember technicals are all probabilities, price reverse and test all time highs.
SPY Key Support Zone and Trendline AnalysisThe chart represents SPY (S&P 500 ETF) price action on the 1-hour timeframe, highlighting critical support and trendline levels:
Descending Trendline:
A downward sloping trendline (blue) illustrates the persistent bearish momentum.
Price tested and respected this trendline multiple times, confirming it as a resistance level.
Key Support Zone:
A rectangular orange zone marks a significant support level where buyers previously stepped in.
Price is approaching this area, indicating a potential bounce or breakdown.
Volume Analysis:
Increasing volume towards the support zone suggests heightened activity, likely due to a tug-of-war between buyers and sellers.
Market Outlook:
A bounce off the support zone could trigger a short-term recovery, targeting the trendline as resistance.
A breakdown below the support zone would signal further bearish momentum, with potential downside continuation.
Trading Tip:
Monitor price action near the support zone and volume for confirmation of a bounce or breakdown before taking any positions.
EUR/AUD Change of structure, time for correction.Hi guys today we are analysing the EUR/AUD currently it has broken out of an ascending channel formulating a correction / consololidation on the previous support level at 1.65500.
Additionally we can se that the RSI at least on 4H has already entered a descending channel indicating that the price is going to drop down.
Entry 1.66500
Target 1.65500
We are chasing 100 pips here, then if it continues we will revisit this analysis and look into a further drop.
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
MARA Moving Averages Cross Gann Box NASDAQ:MARA
This chart uses the Gann Box method of accuracy. I can see why some people I follow like to use the Gann Box. I included the moving averages.
50 day moving average is the black line.
100 day moving average is the purple line.
200 day moving average is the blue line.
Blue cross indicating the 50 day moving average is crossing the 200 day moving average.
Purple cross indicating the 50 day moving average is crossing the 100 day moving average.
Looking at the 50 day moving average you can see it is ready to make the upward move to cross the 200 day moving average which is very bullish.
Comment what you think about the chart.
Comment any tips or suggestions.
NASDAQ:MARA COINBASE:BTCUSD
Sleepless Ai InsightSleepless Ai Insight
1d timeframe, as you can see on the chart, we had 2 bearish patterns that ultimately led to a downtrend move. 1st is the Head 'n Shoulder pattern then followed by a bearish continuation pattern which is the Bearish Flag. We take and mark the OBs on both of this area to classify as potential Supply Zones. Price continue downward making an ATL around $0.26 then move sideways. Lined-up all flip zones made along the way and we can see reactions on this levels. If price will be able to breakout from the 0.80 level, next target will be the Bearish Flag Supply Zone. There is also a Golden Crossover of the MA100/200 following the up candle.
Short term Bitcoin warning: multiple bearish signalsShort term #bitcoin CRYPTOCAP:BTC BITSTAMP:BTCUSD warning:
- price is retesting the 50-day moving average, which is now resistance since we broke it to the downside
- price is bumping into the average volume levels of this top
- there is no volume behind this push (there is a price/volume divergence)
- we formed a bearish head-and-shoulders pattern
- we didnt liquidate enough leveraged LONGs
Bitcoin cán ignore all this and just PUMP through but just keep it in mind. Happy trading! 🥸
Understanding Bollinger Bands: A Comprehensive GuideBollinger Bands are a versatile and widely used technical analysis tool that helps traders assess market volatility and identify potential price levels. Developed by John Bollinger in the 1980s, this indicator consists of three lines plotted on a price chart: the middle band, the upper band, and the lower band.
What Are Bollinger Bands?
Bollinger Bands are constructed using a simple moving average (SMA) and standard deviations of price data. The bands expand and contract based on market volatility.
1. Middle Band:
- A simple moving average, typically set to a 20-period SMA.
2. Upper Band:
- Plotted at a distance of two standard deviations above the middle band.
3. Lower Band:
- Plotted at a distance of two standard deviations below the middle band.
How Bollinger Bands Work
The distance between the upper and lower bands reflects market volatility:
- Wide Bands: Indicate high volatility.
- Narrow Bands: Suggest low volatility, often preceding significant price movement.
Key Concepts and Applications
1-Squeeze:
- A "squeeze" occurs when the bands narrow significantly, indicating low volatility and the potential for a breakout in either direction. Traders often look for confirmation from other indicators to predict the breakout direction.
2. Price Touches and Reversions:
- When the price touches the upper band, it may signal overbought conditions.
- When the price touches the lower band, it may indicate oversold conditions.
- However, these are not standalone signals and should be used in conjunction with other analysis.
3. Trend Following:
- In strong trends, prices can "ride" the upper or lower band without immediate reversals.
4. Double Bottoms and Tops:
- A double bottom near the lower band or a double top near the upper band can signal a potential trend reversal.
How to Use Bollinger Bands in Trading
1. Identify Entry and Exit Points:
- Use the bands to spot potential entry and exit levels. For instance, consider buying near the lower band during an uptrend or selling near the upper band during a downtrend.
2. Combine with Other Indicators:
- Pair Bollinger Bands with RSI or MACD to confirm signals.
- Use candlestick patterns near the bands for additional validation.
3. Set Custom Parameters:
- While the default setting is a 20-period SMA with bands set at two standard deviations, adjust these parameters to suit your trading style and market conditions.
Strengths of Bollinger Bands
- Adaptable to All Markets: Applicable across different asset classes and timeframes.
-Dynamic Nature: Automatically adjusts to market volatility.
- Visual Representation: Easy to interpret and use in combination with other tools.
Limitations of Bollinger Bands
- Lagging Indicator: Based on historical data, Bollinger Bands may not always predict future movements.
- False Signals:In sideways markets, Bollinger Bands may generate misleading signals.
- Dependency on Context:The effectiveness of Bollinger Bands depends on the trader’s understanding of market trends and conditions.
Example of Bollinger Bands in Action
Imagine Bitcoin (BTC) is trading in a range between $90,000 and $105,000. During a period of low volatility, the bands contract, signaling a potential breakout. Shortly after, the price breaks above the upper band, supported by rising volume and a bullish RSI. This could indicate a strong upward move, presenting a buying opportunity. Conversely, if the price breaks below the lower band, it might signal a downward move, suggesting a selling opportunity.
Conclusion
Bollinger Bands are a valuable tool for analyzing market conditions, identifying potential trading opportunities, and managing risk. While they are easy to use, their effectiveness improves when combined with other indicators and sound risk management practices. Always test your strategies with historical data and adapt them to your specific trading goals and market conditions.
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
BGB IdeaBGB Update 1h Timeframe
Market Structure
Overall structure has been bullish since the start of December following a Golden Crossover of the MAs'. Looking on the far left chart, price made a stopover at 4.9 and form a TLres with ma200 acting as dynamic support. Upon breakout of the TL, price rally upwards creating series of HHs&HLs with NATH at 8.5. Exhausted, price makes a LH, breaks last HL then retrace to make the next LH, this structure validates the shift. Lined LHs to make the TLresistance. Upon breakdown from ma100, ma200 acts as support again, then price recover a bit but face rejection on the ma100+TL and this forms the next LH. Little conso on the ma200 line then drop a bit, take out LQ and make new LL. Price moves up but this time face rejection on the ma200 and make the latest LH, price range until bouncing on the TLres again follows by MA Death Crossover.
Nearest untested Demand Zone would be the OB at $5 area. With inducement sitting at prev LL, the ideal move for now is to mitigate this zone.
Bitcoin 1D Pitchfork & Correlating Tops Where To Next For $BTC Basic little draw up from now just checking market sentiment with the MACD providing great analytical insight into where we are NOW and were we were MID bull run from $75k ATH to $109k. See the bearish MACD over the ATH of 75k and the same over the 109k ATH. We are back to zero on MACD we should see small dips or sideways movement but more volatile as price is higher. It will always seem more volatile as %s of BTC price are larger. So 10% drop or gain now on $93k is $9.3k where when 1 CRYPTOCAP:BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.
Currently we sit at $93,250 USD at time of writing. Up from the down turn to $91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of $200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!
SEi's Points of Interest.SEi 1d
Price is currently sitting on the ma200 acting as support, it is also in the flip zone where price had a multiple reactions. 5 wave count marking the start from the lowest low, it is now down by 45% from the last swing high. MA100 + bullish OB on the breakout of wave3 fails to hold as support and in turn become a breaker/resistance when price made a turn upwards. Connected swing lows to form the trendline support. Possible scenarios would be:
1. Inducement taken out around 0.37, fill small gaps & mitigate demand zone of wave 4.
2. Raid wave 4 lows, fill gaps and mitigate demand zone of wave 2.
3. Bounce on the ma200+trendline support
XRP Bullish FlagXRP 1d
Mark-up liquidities on both sides, price is currently printing a bullish flag pattern. FVGs also highlighted and a demand zone sitting around the $1.40 zone. MA21 is currently acting as dynamic resistance along the trendline. Last time it acted as support, price saw a 43% increase. A breakout on the MA21 might signal a bullish continuation for XRP, whilst a breakdown to mitigate the Demand Zone will offer a good buy-in.
BNB 15M Reversal PlayLook how the market reversed and the day's sentiment shifted. 📉📈 You can see this in the charts, of course, but I now track sentiment with numbers.
The scores "UP and DOWN" before the ">" reflect the start of the day, while those after the ">" show the current sentiment. This shift means I’ll focus on searching for shorts instead of longs (for now)- which make this day a potential ''reversal play'' for me. All intraday.
But also, this is typical End OF Year chop, for example watch DOGE 15M trend, reversed 4 times which make this very bad to trade on for me with a 15M system.
BNB Numbers, factual structure:
- Structure: 1D: UP | 4H: UP | 1H: UP | 15M: DOWN > UP |
- First 2H (15M): UP
- 15M Sentiment: EMA's: UP > DOWN > UP | ATR: UP > DOWN > UP
- Up score 4/7 > 7/7"
Trading Plan: WTI Crude OilBased on my proprietary indicators, I maintain a bearish view on WTI Crude Oil. I am anticipating a downside target of ₹5800 (target open until 15th January 2025).
Current Position:
Holding short positions in MCX Crude Oil January 2025 expiry futures from ₹6025 levels.
Intend to add more shorts if prices move to higher levels.
Risk Management:
Stop-loss and risk parameters are carefully planned but not disclosed here for strategic reasons.
Position sizing is aligned with my overall risk appetite and trading capital.
Disclaimer:
This trading plan represents my personal views and trading decisions and is shared for informational purposes only.
Trading in crude oil futures involves significant risk and may not be suitable for all investors.
Readers should not consider this as financial advice and must conduct their own research or consult with a certified financial advisor before making any trading or investment decisions.
Past performance of proprietary indicators is not indicative of future results.
Nifty analysis for intraday 31/12/2024.Nifty has been trading in a range for the last 7 trading sessions.
Index is trading around the 20 EMA and giving sharp recovery on both sides.
Today it has closed below the moving averages. If the market starts trading below the No trading zone, bearish entry can be created for next support levels.
On the upper side the break out 23900 can clear the round number figure and test the Daily 20 EMA.
Wait for the price action near the levels before entering the trade.