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Be WELLHello beautiful humans, A 50% retracement presented itself for WELL at the 4.75 level (entry). Ensure we close above the 4.75 level to provide confirmation. Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10); may need to adjust this depending on commission costs of trading broker. Placing stop loss / stop limit loss at 4.49 (exit). Looking for the price to bounce off the 50% retracement level (entry), and head up to the 5.50 level (exit), which provides a risk:reward of approx. 1:3. Thanks for listening. Take care. Friendly Remembering: Manage your risk Have a strategy to minimize decision paralysis Practice patience Be patient Enjoy the experience.
TSX:WELLLong
by EmbraceFINCO
Cardano. - ADAADA has been in a long downwards consolation period and has seem significant draw dows. ADA. Imo. Ks greatly under valued. Below $1.00. The money flow is moving down putting further sell pressure om the short term market. However. The tren is exhausted with normally indicates a reversal, althought lqgging and waiting for tne money flow to catch up. ADA' s total value lo locked is growing fast and the nexts hardfork scheduled in June beleive thjs to be a good by if not done al alteady.
KRAKEN:ADAUSDLong
by GerryB
Potential upside move for CJR.BHello beautiful humans, Found a 50% retracement level for Corus Entertainment at a price of 4.88; from the low on December 17, 2021 at a price of 4.34, to the high on January 14, 2022 at a price of 5.42. Why a 50% retracement one may ask; a great question that I won't pretend to explain, however, using an Ichimoku cloud has a tendency to indicate a 50% retracement level, specifically by looking at the orange line (leading span B). A great learning provider and content creator on Trading View to help shed more light on this topic is norok (link provided in related ideas). Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10) Placing stop loss / stop limit loss at 4.74; looked back to the candle on February 24, 2022 that had a low of 4.75, in conjunction with being at the 61.8% retracement of 4.75, so the stop is set just below. To make this trade worth while in the risk:reward realm, looking for the price to bounce off the 50% retracement level (4.88), which held and closed above on March 24, 2022, and head on up to the 5.30 price level, which provides a risk:reward of 1:3. Friendly Remembering: Manage your risk Have a strategy so we're not overthinking Practice patience Be patience Otherwise, enjoy.
TSX:CJR.B
by EmbraceFINCO
A very sophisticated bullish escape/breakoutWhen I choose a side to trade I take a rather unconventional approach in theory - I trade on the side with the most sophisticated algos driving the market. We don't have access to those algos but we can track their "thumbprints." Check out why I'm personally bullish for the coming weeks: At the 15 minute interval we have wyckoff accumulation as the general picture. Within that, however, fractal Elliots - Blue is a running flat with a leading diagonal coming off the 3-3-5 completion - Green is occuring at the 3-5 minute intervals so difficult to see at 15 (but 15 is the lowest interval TV lets us post so you'll if you go to the smaller intervals yourself you'll see what I'm saying).... yep, another running flat that is completing now - expect a leading diagonal out of that with waves around some critical levels highlighted below: * apprx 451 (or SPX500USD equiv. 4525) is the gamma inversion level where we go from negative to positive gamma exposure - this is also the gap fill from the other day {expect upcoming wave 2 around here to test support after breaking through on wave 1} ** apprx 455 - this is the flag resistance thats been developing over last week, we tested that support at the bottom of the first flat (blue); excpect wave 4 to test support here before finalizing the breakout on that upcoming wave 5. Target after breakout is SPY 473.
AMEX:SPYLong
by JerryManders
4
Near term predictionBased off stochastic RSI and price bouncing off support, expecting a big run today as soon as 2 things happen: 1) price breaks above yellow EMA 33,55 band at the 45 min interval 2) impulse BF turns green Both of these are on the verge of occurring as we speak. The target is straight through the intersection point 3 of the 3 lines: the grey lines are near term support and resistance trend lines of the wedge it broke down from yesterday. The blue line is the longer term trend line that used to be support and has recently become resistance. The dashed line is the range break out level from my recent linked post showing the bigger picture at the daily level. Goal Target still 50240 once this intersection point is breached. I’m sure this will be a gotta see it to believe it for most of you, stay tuned.
BITSTAMP:BTCUSDLong
by JabezDolz
1
Pretty Clear Setup HereBullish if it respects the flag. Bearish if it breaks below red and then tests it to find resistance. The next support will be the dotted blue downtrend line. We can see on the 4H chart a decision point is coming today. Based on the rsi/stochastic higher likelihood of playing out bullish with continuation to 4700s in the coming weeks. From past Fed meetings it’s becoming apparent they love to fake down right before the minutes to create some escape velocity and then whipsaw it to the upside so watch for that. Good luck.
OANDA:SPX500USDLong
by JabezDolz
Running Flat within a Developing Running FlatLet’s see if this RF at 15 mins can develop into a completed RF at 2-4 hour intervals. Target 1 4600, target 2 4650 Has trendline support here at old resistance that developed during pullback, rsi over done to downside near term look for it to retrace to its own moving average and the stochastic to begin cycle up from here. Those mechanics will move the price to the expected levels and we will have a bullish base to move higher than 4650
OANDA:SPX500USDLong
by JabezDolz
Bulls and Bears both need to cool it with the Extreme PredictionToo often I see crazy posts following a “big” day.. if it’s really green on a single day bulls are projecting Infinity & Beyond by end of week or whatever; if it’s red on a single day bears are shouting out doomsday predictions. It’s actually not so exciting. We had a range and technical break which I posted about recently, nothing has been invalidated - target still 50240, becomes invalidated below 41000. In between that we have EMA 5,8 support around current level. 2 most likely scenarios from here: 1) stochastic rsi completes cycle to bottom and price tests the breakout level, black dashed line (at which point it will be oversold and bounce) 2) stochastic turns here around the midpoint and re-tests longer term trendline (light blue diagonal line) for resistance. If that can be re-broken it will resume the path to target. Yawn.
BITSTAMP:BTCUSDLong
by JabezDolz
1
Compound Long - triangle breakout setupAs we can see COMP has been in a bear market since mid may 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone The project itself is base on De-Fi lending protocols and has a relatively great lending and repayment volume, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in. I will DCA between 112-91 and take profits at 227-253 𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
COINBASE:COMPUSDLong
by dylandias
GBPTRY breakout - the patternGBPTRY is a great trade as always, even better when traded with 0.0 pips spread and NO swap fees. On topic - looks like an inverted head and shoulders pattern on this time frame and may rise up quite nicely today, tomorrow, toy Yoda. Or it would fall under the descending triangle pattern and slide back to where it came from. Let's have a look-see. This is just a pattern analysis and not financial advice. When we give advice we usually sign a contract to protect your capital.
GLong
by Visit-wwwTRESORFXcom
Filecoin Long - triangle breakout setupAs we can see FIL has been in a bear market since april 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone The project itself is based on storing data on the blockchain, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in. I will wait to have the support verification and the DCA and TP at the Fib zone. 𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
COINBASE:FILUSDLong
by dylandias
2
FTM | Q2 FORECAST | PRIMED FOR ANOTHER RUN? Fantom Foundation - The core of the new internet At the end of Q3 last year, FTMs fundamentals strengthened as infrastructure projects started to line-up and grew my interest for it. After standard checks & DMOR, along with a nice EMA setup, first entry was made at the end of September and position was strengthened through regular cost averaging. Happy with the % return, I slowly started to cost average my way out before the end of November. This year, with some new found technical progression, my main focus will be incorporating that for a clean execution of positions. Solid fundamentals, untapped potential & mass adoption, I remain enthusiastic on this coin & is reminiscent of Solana's (SOL) run in Aug 2021. BASE ZERO - recently shared by @TradingMavericks - still working on tightening my reference points KEYPOINTS in chart RESOURCES - messari - fantom foundation - github
F
by bestcryptsecret
BTC Update 13I beleive today's green candle is a dead cat bounce amd expect the market to correct lower in the near term which is healthy. The Trend is quite exhausted and the Money flow above avarage moving down. Futher evidence on chain suggest that money is flowing into BTC from other coins. There is more evidence that suggest that moneyflow into is less likely to sell the move up and probably preparing to buy any dip that might present itself. The 100 DMA has crossed below the 200 DMA which is bearish. The RSI ET ALL on top shows indecision.
BITSTAMP:BTCUSDShort
by GerryB
BTC channel update 12, 1DGood day to all, Here is my take based on what I see on the 1 D using Heiken ASHI. Switch to normal candles if you wish. 1. There is a drop in excitement on the emotional index 2. The notable rise in Shorts has flattened out and Longs are gradually increasing 3. Price vs Market Cap (Overall Market) strength indicates money flowing currently out of BTC 4. The market still favors shorts although moving into a high neutral range 5. There is a decrease in Whale and Institutional Smart Money selling the move up 6. Good support at $41779 and resistance at $45521 7. The DMA is worrisome as the 200 DMA is projecting to move above the 100DMA with the 50 DMA currently trending lower acting as resistance (Positive displacement) 8. The RSI, MACD and 50 MA are all positive at time of this post, however we will see if its short lived or have proper momentum 9. The Trend Exhaustion is still very high although moving slightly down 10. The Price vs Whale Money flow is moving up slightly and are diverging with the Trend Exhaustion. I am not ruling out that the Trend might follow suit pushing the price further into an oversold area. 11. The Pressure indicator on top does not indicate any significant market pressure which would normally indicate an strong move in either direction Kindly like and comment if you can, thanks
BITSTAMP:BTCUSD
by GerryB
BTC channel update 11, 1DJust a hunch. There is clear divergence between the Money Flow and price with Money flow increasing strongly and price projects downwards. The daily trend is also moving down from an exhausted level. Looking at the excitement in the market and the market cap strength vs price increasing it seems that BTC is setting up for a short move soon (creating a short term FOMO first). There is clear on chain data that show Whale and Institutional Smart Money are selling. Have a nice day.
BITSTAMP:BTCUSD
by GerryB
BTC channel update 10, 1DGood day to all. I observe the following on the daily. 1. Emotional Index is Excited 2. Shorts are declining and so are longs 3. Trades in favor is high neutral favoring shorts 4. Institutional Smart Money is still buying and will most certainly short the move up. 5. An exit point or short indicator printed 6. Death Cross still in place. 7. There is not currently a huge amount of pressure in the market 8. The trend is showing weakness 9. The Money Flow is showing weakness 10. I will personally do nothing long until we break and confirm the 50 MA 11. Price action lags behavior. Have a fantastic day. NFA
BITSTAMP:BTCUSDShort
by GerryB