STORJUSDT Strong BuyHello Traders!
Below is the default MACD setting. you can see there is a big difference between macd lines and graph.
Graph has already crossed the previous high but the MACD is very far from the top.
In this case macd will not give a cross before breaking the MACD's previous high and now we gonna see some big bullish candles.
Hit the like button for the trades and follow to stay connect.
Enjoy the trades and be patient as this chart is in the D1 timeframe.
Newhighs
BTCUSD, 11 years to 60k and in 11 days btc will double from 60kHello traders!
It looks like No resistance can stop Bitcoin. BTC will also break all the psychological expectations because it is going to perform far better than expected.
Currently, No govt is taking BTC seriously but once BTC reaches 100k plus then govts will put all the matters to one side and will focus on the new rules, regulations and laws for the crypto world.
It took 11 years for BTC to reach 60k but it will take 11 days to double from 60k.
Good luck traders
Hit the like for support and follow to stay connected.
ARKK following similar tests along the way to new highs ARKK is following similar price action in forming tests of support for new highs.
This current pull back is slightly expedited and showing an increase in volatility than trends in the past. (I believe this has been due to the uncertainty we saw leading up to unemployment rate releases and uncertainty in the overall market).
Considering this, I wouldn't see it completely out of the question to see price pull back below the .618 extension and test the perceived .382 line as support.
From there I see ARKK making new highs with a price target above $166 (1.0 extension) after claiming the perceived .618 ascending extension line as support.
Stop loss can be adjusted up to just below the most previous ascending line found as support.
**Not financial advice, these are just my opinions
Bitcoin is making new highs, but some ALTs haven't (yet)Hello, today I want to share my current trading strategy.
First, I will look at Bitcoin against USDT.
The market is bullish and shows no sign of ending anytime soon, at least for now.
From this information, I know I can trade the BTC/USDT chart, but not only. Because with all this capital flowing into crypto, usually (that's what used to happen everytime), a great part of this capital will turn into Altcoins.
Indeed, if we look at the ETH/BTC pair for example, we can see that it is starting to over-pace bitcoin, put it simply: it can beat bitcoin.
What I mean is: while bitcoin beat his previous all time high by 80%, a lot of coins haven't done the same yet.
Looking at ETH/USDT, which previous high is 1438 USDT, hasn't made a new high yet.
Litecoin as well is starting to gain strength against bitcoin, its volume is increasing lately.
His all time high, around 368 USDT, remains to be beaten.
ADA (Cardano) is in the same scenario, and I'm sure we could find other ALTs like such.
To sum up, my current stratgy is to find Altcoins who perform better than bitcoin, to maximise the potential gains.
Then I will setup a swing trade indicator on each.
One last thing, very important, is to keep an eye on the Bitcoin dominance and Altcoins marketcap.
Right now, Bitcoin is getting 67% of the total capital put into crypto. It has a lot of room to go down.
Meanwhile the altcoins (bottom chart), are following a strong ascending trendline, with a lot of space to go up.
This only confirms the strategy to get into Alts right now.
/!\ This is not a financial advice, I am a developer, not a trader (yet).
BTCUSDT 4H | Bitcoin market overview: It happened!Hello, dear subscribers!
In the previous review, we considered the breakdown of the $19,400 zone as a bullish signal, which will mean the continuation of growth.
To our surprise, not only the growth continued, bitcoin made a powerful move upwards, showing a maximum of $23,800. After that level, the buyers' forces weakened, and now bitcoin price is in the corridor of $22,000 - $24,000. From below, the support zone is $22,200 - $22,600. Above is the resistance zone - $23,600 - $24,000.
If you look globally, the bitcoin price in case the bears attack, has rather deep support levels - $20,600 and $19,600.
According to the MACD and RSI indicators, the market is strongly overbought and the price is staying in a flat before the next price movement. OBV indicator before the beginning of growth showed a decrease in the volume of purchases, after the start of growth showed a sharp surge upward, indicating a strong influence of buyers.
Based on the technical data - growth remains the priority. The range of price movement is quite high - it is about $2.000. Market participants should be ready for sharp movements, and not to lose their heads in case of sudden shedding or sharp growth.
Subscribe to the channel and stay tuned!
GOLD - New High or Correction?XAU/USD
Gold currently has undergone strong momentum after a big push on the bottom of our descending channel (As we discussed earlier) & bouncing on the weekly 50MA. Now we have two options that I see as relevant.
1) We are in oversold RSI territory along with strong overhead resistance. My ultimate target is 1900+ and even a push to almost 1926 relative area. I would feel confident entering the market if we have a correction to my target zones. This would be idea to capture the the majority of the movement.
2) The other option is if we continue to breakout would be to trade the breakout carefully. Once we push passed the Daily 50MA we will pushing towards the 100ma aggressively.
Happy Trading. See you at 1900 GOLD soon!
US500 3396.8 + 0.24 % * CONTINUATION + FUNDAMENTALGood Day Everyone'
A look at the S&P500 which has been trading in ascending triangle on the 4H chart looking for a break above of structure to trigger the trade looking for continuation of the trend to the upside with the bulls. The S&P 500 and Nasdaq closed at record highs on Friday, as data pointed to some pockets of strength in the U.S. economy.
INVEST.COM - report showed U.S. home sales rose at a record pace for a second straight month in July and home prices hit all-time highs. unexpectedly sharp increases in Markit's indexes extend a pattern of choppy U.S. economic data this week - including weekly jobless claims - that paint a picture of a fitful recovery from the COVID-19 recession.
"It's not surprising to see a pickup in manufacturing as the economy has started to reopen, even though pockets of the country have pulled back on their reopening," said Lindsey Bell, chief investment strategist at Ally Invest. "It's an encouraging sign and it supports the upside we have seen in the markets."
za.investing.com
we'll see how it goes.
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 3440.0
TP 2 - 3480.0
SL - 3377.9
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
GOLD Monthly/Weekly/Daily analysis 🦐Gold has reached in the last weeks a key level of 2072 and retraced back below the 2000 level creating a new highs.
On the weekly chart (lower left) we can see that retracement touched the 0.5 fib level and went back at the 0.382.
Price on the daily chart (lower right) is moving between a lower support structure at the 0.382 and a discending trendline, creating a triangle pattern.
We can expect the price to break above the discending trendline and the upper daily structure to create new highs
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
The August SPX ChannelIt hasn't ventured out of the channel yet since thee beginning of the month. It's been very predictable and easily tradeable this week as long as you're paying attention to the support and resitance zones that it continues to create as it works it's way through the channel. However, we're nearing the ATH and I'm curious as to if we'll see if the resistance force of the ATH (3398.2) will knock it out of the channel. I've set many buy limits when it makes its small predictable dips at the end and/or beginning of the day. They'll eventually trigger the entry and continue on. I'm not a position trader, but I have been placing many positions in SPX the last 2 weeks due to the predictability. But now a new frontier is just at the heed.
We could see the classic Squeeze play that may end up in the channel creating a new all time high looking something like this.
Or we could see the price action bounce otside the channel from the resistance of the ATH. Retest that high as a double top before making a correction. That nay look something like this.
I'm Personally Bullish and I'm setting another buy limit around here and hoping to be apart of the new high when it happens. I see the support line at 3362 and it may dip a little lower, but that's where I expect my next entry.
A couple of Scenarios to think about. The best thing to do is not overthink it. Not predict price but react to it. My personal opinion is that it's been easy to set buy limits at support levels and continue riding them up. I don't see why this would be any different.
DJI pennant analysis - no breakout yetInteresting to see how the S&P 500 seems to have made its decision on a bullish note (actually on second thought, volume of Spy was really low today, could this be a double top?), and yet the DJI has not yet done the same by breaking out of its pennant. Is DJI lagging or is the S&P 500 ahead of itself at the moment? We will see.
SP500 on the break of the recent highs ? 🦐Following the nasdaq that created the historical new highs, The sp500 also is pushing up.
The market is testing the recent highs few times and if there will be a break above the structure we can set a nice long order according with our strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
New peaks at EURUSD?From our last EURUSD analysis on June 8, we expected the price to continue rising after making a correction.
Yesterday shows us that this correction is probably over and we are already expecting the rise to higher values!
The levels we expect to be reached:
- 1.1425 (10 June 2020)
- 1.1487 (8 March 2020)
- 1.1553 (10 January 2019)
CFTC positioning data showed euro net longs at the highest in two years!
Do you expect new peaks at EURUSD?
NASDAQ | As if There was no VirusNASDAQ recovered to 98% of its highest values!
We have the virus event, the stay-at-home orders, and now the riots and protests. Recently, the National Guard has been called out to support local law enforcement and to protect people and properties. From our perspective, the situation is very far away from stable economic activity/growth supporting current stock price activity/levels.
We have been urging our friends and followers to be very cautious of long-side trades and to execute them with very narrow parameters, minor position sizes, and easy/tight targets and stops. The reason for this is because we are not confident that the underlying global economic fundamentals support the current price trends and activities. Yes, the US Fed is pouring trillions into the economy attempting to support the US and global markets, but the view from the ground level is very different from the Wall Street office on the 20th floor.
If you find this useful - give us a like!
If you have the same or different vision for the future movement - comment!
PureGold - New Multi-Year HighPureGold's first production of its under-construction Red-Lake mine is expected for late 2020. Jeff Clark, a famous precious metals analyst, often quotes that empirical studies suggest that there is a 90% probability of a 90% stock-return during a mine's last year of construction.
Activision - to reach new highsFor those that have been following my analysis on ATVI, you'll take note of how he price passed through the highlighted zone and bounced out in the upwards direction in the area I marked a couple of weeks back. With earnings coming in tomorrow, given the fact that COVID-19 has kept people home and the kickoff of the Call of Duty World Championship, I expect an earnings beat as well as a rally this week into the $70-$75 range before another rest period.