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Example of how to select a volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The date that I am talking about as a volatility period refers to a period in which there may be a movement that may change the trend. In other words, it means that there is a high possibility of creating a new wave as the volatility period passes. Basically, the volatility period is expressed as an issue regarding the coin (token) or a global issue, but the volatility period that I am talking about is expressed by the support and resistance points and trend lines drawn on the chart. - The support and resistance points refer to the points drawn on the 1M, 1W, and 1D charts. In other words, they refer to the points of the HA-Low, HA-High, BW(0), BW(100), and OBV indicators displayed on each chart. When indicating support and resistance points, indicators connected to the current price candle are unconditionally drawn. Also, indicators that are not expressed up to the current price candle are drawn starting from the one with the longest horizontal line. Among indicators that are not expressed up to the current candle, horizontal lines expressed less than 5 candles are not drawn if possible. If there are support and resistance lines that are expressed too closely, the support and resistance lines that are closest to the current candle are used. - The StochRSI indicator is used to draw a trend line. When the StochRSI indicator enters the oversold or overbought zone and reverses, that is, when a peak is created, those points are connected and expressed. Therefore, the peak created in the 20~80 range of the StochRSI indicator is ignored. Therefore, the trend line is created by connecting the high and low points of the StochRSI indicator. However, the high point connection line connects the opening price of the falling candle. If there is no bearish candle at the peak of the StochRSI indicator, move to the right and use the first bearish candle. When drawing the trendline for the first time, it is better to draw it from the vicinity where the current wave started. If the StochRSI indicator has two peaks in the overbought or oversold area, use both when it leaves the overbought or oversold area and then re-enters it. Otherwise, use only one peak at a time. - Draw support and resistance points and trendlines on each chart. - Find and mark points where trend lines or support and resistance points intersect at least two times. The importance is determined in the order of trend lines drawn on the 1M chart > trend lines drawn on the 1W chart > trend lines drawn on the 1D chart. Therefore, in order to express a period of volatility with a trend line drawn on the 1D chart, there must be at least two intersecting points. In other words, there must be at least two intersecting points when indicating a period of volatility, such as when trend lines intersect each other or when trend lines intersect support and resistance points. In addition, support and resistance points are also important in the order of 1M > 1W > 1D charts, so when they intersect with support and resistance points, they are selected according to this importance. - Then, if you hide the trend line, you will complete the chart showing the period of volatility. - When drawing for the first time, 1. When indicating support and resistance points, if you do not understand the arrangement of candles, it may be difficult to select. 2. It may be difficult to select the peak and candle of the StochRSI indicator. 3. It may be difficult to select which intersection point to select when indicating the volatility period. Since you cannot get used to everything at once, it is recommended to draw and observe one by one and try to solve the difficulty of the next step once you get used to it. - The StochRSI indicator on this chart is an indicator whose formula has been changed from the basic StochRSI indicator. Therefore, if possible, it is recommended to use the StochRSI indicator on my chart. If you use your own StochRSI indicator, Settings: 14, 7, 3, 3 (RSI, Stoch, K, D) Source value: ohlc4 If you change the values ​​above, it will be expressed similarly. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
Education
by readCrypto
$REGN LongThis is just my observation, but not an advice. Technical: REGN touched its two strong trendline since 2020 and 2021. REGN reached the 50% correction since 2020. REGN is oversold daily and weekly. A significant divergence is observable on daily chart. Price touched SMA 200. Fundamental: P/E: 16.9x (moderate undervalue) Since last ATH NASDAQ:REGN has come up with wide ranges of successful clinical trial outcomes. Nonetheless, prices dropped due to competitive pressures on Eylea. Last week, after significant clinical trial results of Odronextamab and Poze-Cemdi, the market moved up. However, the price slid after the BoA's PT revision. Analyst sentiments: 17 buy, 7 buy, 1 sell (BoA) The long possibility is high from now on.
NASDAQ:REGNLong
by jack_the_real_trader
Crypto Insights: Will XRP Price Hold Above $2 After South Korea’ XRP, the native cryptocurrency of Ripple, experienced a rollercoaster ride in recent weeks. Following a sudden dip to $2.13, the price surged by 9%, recovering to $2.45. This dramatic price swing was triggered by South Korea’s sudden decision to ban crypto exchanges from listing XRP. However, the broader market sentiment, fueled by Ripple’s expanding ecosystem and Bitcoin’s bullish rally, has contributed to XRP’s resilience and potential for further growth. Ripple’s Ecosystem and Bitcoin’s Rally Fuel XRP’s Optimism Ripple’s growing ecosystem, particularly its focus on cross-border payments and blockchain solutions, has been a major driver of XRP’s price appreciation. The increasing adoption of RippleNet, the company’s blockchain-based payment network, has solidified XRP’s position as a key player in the global financial landscape. Additionally, the recent surge in Bitcoin’s price has positively affected the entire cryptocurrency market, including XRP. As the leading cryptocurrency continues to gain momentum, it is likely to lift the prices of other altcoins, including XRP. Strong Market Indicators Signal Potential for Further Gains Several technical indicators suggest that XRP may have further room to grow. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are two key indicators that can provide valuable insights into a cryptocurrency’s price trend. Currently, XRP’s RSI is hovering around the 50 level, indicating that the asset is neither overbought nor oversold. This suggests that there is still potential for further upward movement. Additionally, the MACD line has crossed above the signal line, forming a bullish crossover. This bullish signal suggests that the momentum is shifting in favor of the bulls, and XRP may be poised for a significant price increase. XRP Price on the Brink of $3: Is a Major Breakout Imminent? As XRP continues to gain momentum, many analysts believe that the cryptocurrency is on the brink of a major breakout. If the current bullish trend persists, XRP could potentially reach the $3 price level shortly. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly Therefore, investors should exercise caution and conduct their research before making any investment decisions. In conclusion, XRP’s recent price surge, strong market indicators, and the upcoming launch of Ripple’s stablecoin suggest that the cryptocurrency has the potential to continue its upward trajectory. However, investors should remain vigilant and monitor market developments closely.
Long
by bryandowningqln
understanding roc obv with rsi indicator ,teslaCombining the Rate of Change (ROC) of On-Balance Volume (OBV) with the Relative Strength Index (RSI) creates a multifaceted technical analysis tool that assesses momentum, volume flow, and potential trend reversals. Here's an overview of this composite indicator: **Components and Calculations:** 1. **On-Balance Volume (OBV):** OBV measures cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. A rising OBV suggests buying pressure, while a falling OBV indicates selling pressure. 2. **Rate of Change (ROC) of OBV:** This calculates the percentage change in OBV over a specified period, highlighting the speed at which volume flow changes. The formula is: \ A positive ROC indicates accelerating volume flow, while a negative ROC suggests decelerating volume flow. 3. **Relative Strength Index (RSI):** RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, oscillating between 0 and 100. Traditionally, RSI values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions. **Interpretation and Usage:** - **Trend Continuation:** A rising ROC(OBV) combined with an RSI above 60 may confirm a strong uptrend, suggesting sustained buying momentum. - **Trend Reversal:** A declining ROC(OBV) alongside an RSI below 40 could signal a potential trend reversal, indicating increasing selling pressure. - **Threshold Levels:** Incorporating horizontal threshold lines can help identify support or resistance levels. For instance, if ROC(OBV) bounces off a threshold with a corresponding RSI change, it may suggest a pause or continuation in the trend. **Visualization:** Some implementations enhance this indicator by coloring the ROC(OBV) line based on RSI values, providing a visual representation of momentum shifts. For example, the line might turn lime when RSI is above 60 and blue when RSI is below 40, offering immediate visual cues for traders. **Application:** This composite indicator is particularly useful for assets with significant volume activity. By analyzing both price momentum and volume flow, traders can gain deeper insights into market dynamics, aiding in the identification of trend continuations, reversals, and potential breakout points. **Example Implementation:** An example of this indicator is the "Rate of Change of OBV with RSI Color" available on TradingView. This tool combines OBV, ROC, and RSI to monitor momentum and potential trend reversals, with visual enhancements based on RSI values. By integrating these three analytical tools, traders can develop a more comprehensive understanding of market conditions, improving the accuracy of their trading decisions.
NASDAQ:TSLALong
by Tradernawab
The key is whether it can be supported around 224.93-228.97 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day today. ------------------------------------- (AMZN 1M chart) It is already showing an upward trend. The point to watch is whether it can maintain the price by rising above the Fibonacci ratio 1 (238.57). If it fails to rise, it is expected to fall to around 172.55-186.98. - (1W chart) Since the BW indicator is maintained at the 100 point, even if the price rises, it will eventually show a downward trend. Accordingly, the key is whether the price can be maintained above the Fibonacci ratio 1 (238.57). If not, it is expected to touch the MS-Signal (M-Signal on the 1W chart) indicator. If it falls further, it is necessary to check whether there is support near 176.77-188.07. - (1D chart) The HA-High indicator is showing signs of being created at the 224.93 point. Accordingly, if the HA-High indicator is created at the 224.93 point, the key is whether it can be supported near this point and rise above 228.97. If it falls after the HA-High indicator is created, it is important whether it can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise. If not, it is likely to touch the M-Signal indicator on the 1W chart. - When the StochRSI indicator falls and maintains in the overbought zone, if it shows resistance near 224.93, it is likely to lead to further decline. If it leads to a decline, 1st: M-Signal on the 1D chart 2nd: M-Signal on the 1W chart You need to check whether it can be supported and rise near the 1st and 2nd above. Therefore, when it is confirmed to be supported in the 224.93-228.97 range, it is the time to buy. The first sell period is near the Fibonacci ratio 1 (238.57). - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
NASDAQ:AMZN
by readCrypto
PLUG Powering Up For A Breakout?!Here I have NASDAQ:PLUG on the Daily Chart! We can see that Monday, November 4th gave us a Very Bullish break to the Falling Resistance Price has been contained by forming the Wedge Pattern and with the Bullish Volume following the Break, gives this pattern a Bullish Bias after the strong decline since Jan. 2021. The push for Greener and Cleaner way of Living and Transportation has the world in High Search for Electric Alternative means of fuel and along the pathway of Lithium and Rare Earth Metals is a new theory of Hydrogen powered Fuel Cells! Currently Price is at $2.52, struggling with a Local Resistance Level after Price reached a new 4-Year Low @ $1.60, close to All Time Low @ .1155 visited in Jan. 2013. With the tight consolidation underneath the Falling Resistance followed with a Break candle and Close candle Above of the Falling Resistance, Confirms a Valid Break of said Falling Resistance and indicates Bullish Sentiment entering the market. -Now, we must wait to see if Price decides to retest the Break of Falling Resistance around ( $2.25 - $2.20 ) and if Supported successfully, would generate a great Buying Opportunity! -If Price does found Support here, I suspect Price we will run into Resistance @ ( $3.55 - $ 3.22 ) then will aim for the Fair Value Gap formed @ ( $5.58 - $5.14 ) Indicators: - RSI Crossing 50 - Large Bullish Volume
NASDAQ:PLUGLong
by Novi_Fibonacci
EURGBP Wave Analysis 13 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8350 EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band. The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels. Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Long
by FxProGlobal
Long Signal on MORPHOUSDT/Making profit Together /2X-3X LeverageOKX:MORPHOUSDT 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone: 2.44-2.57 ⚡️TP: 2.70 2.84 3.03 🔴SL: 2.31 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
OKX:MORPHOUSDTLong
by CrazyS
1
JPMorgan: Not the Star of BethlehemThe Christmas season is known for three Wisemen following a light in the night sky to Bethlehem. But another, less jovial star may have settled above the House of Morgan. The first pattern on today’s chart of JPMorgan Chase is the candle on November 25. Prices jumped above $253 in the first five minutes of that Monday morning, but quickly reversed and closed at $250.29. Some traders may view that as a bearish shooting-star pattern. JPM proceed to close lower the next six sessions and was soon under $250. Its shares have continued downward, probing above their 8-day exponential moving average (EMA) while mostly closing below it. That could suggest a short-term downtrend has developed. Falling MACD may provide a similar signal. Finally, a large gap occurred on November 6 after Donald Trump was reelected President. Could JPM now look to fill some of that space? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:JPM
by TradeStation
7
Future Outlook with StochRSI and OBV Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- I used TradingView's index chart to see the overall flow of BTC. -------------------------------------- (BTCUSD 1M chart) OBV is showing an upward breakout of the High Line. Accordingly, we should look at how the High Line is expressed when the candle of the next month is created. The StochRSI indicator has risen above 50 points, and has changed to a state where StochRSI > StochRSI EMA. Accordingly, we should look at whether it will maintain the current state and show an upward trend. Looking at the movement of the indicators on the 1M chart, I think it is highly likely that the uptrend will continue. - (1W chart) There is some ambiguity in analyzing BTC due to the movement of the 1W chart. The StochRSI indicator is maintained at the 100 point, and the StochRSI EMA indicator is approaching the 100 point. As of now, the StochRSI EMA has never touched the 100 point. Accordingly, I think the pressure for a decline is increasing as time goes by. The OBV indicator has risen above the high line. Accordingly, if a high line is created next week, we should see if it enters the high line. If so, BTC is expected to show a downward trend. However, the StochRSI and OBV indicators cannot tell the extent of the decline. Therefore, if the decline begins, there is a possibility that the MS-Signal (M-Signal on the 1W chart) indicator will be touched. - (1D chart) BW(100) indicator is created at 101197.25. Accordingly, in order to continue the uptrend, the price must rise above 101197.25 to maintain it. The OBV indicator is near the high line. Accordingly, when it rises above 101197.25, we need to see if the OBV indicator breaks through the high line upward. The StochRSI indicator is below 50, and StochRSI < StochRSI EMA. Accordingly, we need to see if it rises above 50 points and switches to a state where StochRSI > StochRSI EMA and is maintained. If not, and BTC falls below 95961.82, there is a possibility that it will touch the M-Signal indicator on the 1W chart. At this time, if the HA-Low indicator or BW(0) indicator is generated, then the important issue is whether there is support near that indicator. ------------------------------------ (BTCUSDT 1D chart) After the volatility period around December 3, it is important to see whether the price can be maintained near the important support and resistance area of ​​95904.28-98892.0 until the next volatility period. Therefore, the point to watch is whether it can reset the StochRSI indicator on the 1W chart while moving sideways unless it falls below 95904.28. The key point is what I said on the BTCUSDT 1D chart. If it rises above the BW(100) indicator point of 101109.59 and maintains the price, and if the StochRSI indicator rises above the 50 point and changes to the state of StochRSI > StochRSI EMA, there is a possibility that it will rise further. However, as I mentioned earlier on the 1W chart, the StochRSI EMA indicator on the 1W chart is approaching the 100 point, so it will eventually show a downward trend. As explained in the big picture below, the coin market is expected to maintain an upward trend until the end of 2025. Therefore, I think that even if there is a short-term decline or a downward trend this time, it will eventually rise above the current price. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been in an upward trend since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
TOMCL taking off for 65% potential gains within next 3 monthsThe stock has recently made a divergence breaking 38.5 will trigger upside journey, however, keeping the SL at 31.7 , one can enter the trade with first TP of 45.6 which will be a gain of 18%. The second TP of the trade is Rs. 52.65 (total gain from entry point will be 36.7%), however, it will be confirmed once HH of 47.7 is break out If the HH is broken out, the final Target as per AB=CD pattern would be 61 which is around 58% upside from the entry price and ~65% if the trade is taken immediately with SL of 31.7
PSX:TOMCLLong
by Trader-Roze
Bears Beware! Something lingers hidden called the Golden Ratio.Bears Beware! After about a 5% run up back above the 100k barrier, BTC finds itself falling 1% testing the barrier once more. Could this be an imminent win for the bears? It may look like it at the surface but there are many indicators pointing up. The Squeeze Momentum Indicator The squeeze momentum indicator finds squeezes where price action has ping-pong movement with little volatility. The histogram shows the direction of the momentum and the black dots show if there is a squeeze occuring with the white dots indicating that the squeeze has release. At this critical point we can see price regaining upward momentum. Hidden Bullish Momentum Typically, higher highs on the price chart with lower or even highs on the oscillator indicate bearish reversals. However, we can see a hidden bullish divergence occuring with higher price lows and lower oscillator lows. This typically indicates not a reversal but a continuation. The Golden Ratio If we draw a fibbonacci extension (starting from where the upward momentum starts locally, to where price action reverses downward, and finally to where it reverses upward) we can see critical fibb zones that can act as support and resistance. The one that the Bulls and the Bears are currently fighting over is one of the most vital fibb regions - The Inverse of the Golden Ratio (1/1.618 = 0.618) - which is conveniently around the 100k price level. What matters now is if BTC can continue to break through this level and turn it into support. BTC has shown the amount of upward momentum it has behind it seeing how after breaking through the 0.618 fibb level, it broke through the 0.768 fibb level reaching nearly 104k. If we are able to create support at the 0.618 level we may see enough momentum to reach the Golden Ratio, 1.618, fibb level of 117k. Always remember - Bears sound smart, Bulls make money. Don't forget - This is not financial advice.
INDEX:BTCUSDLong
by MisterEuclid
Need to check support near the new high point Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It seems that funds have flowed into the coin market through USDT and USDC. (BTC.D 1D chart) The point to watch is whether it can meet resistance near the MS-Signal indicator and fall below 55.01. If BTC dominance rises, it means that funds are concentrated on BTC, so altcoins are likely to show a downward trend. However, you cannot predict the rise and fall of BTC prices based on the rise or fall of BTC dominance. (USDT.D 1D chart) The movement of USDT dominance can be used to roughly estimate the overall trend of the coin market. Therefore, if USDT dominance falls, the coin market is likely to show an upward trend, and if it rises, it is likely to show a downward trend. Therefore, the movement of prices can be identified by the movement of USDT dominance. Therefore, you can roughly estimate the movement of funds with BTC dominance and the trend with USDT dominance. ------------------------------------------------ (BTCUSDT 1D chart) Although the StochRSI indicator has fallen below 50, the price of BTC is actually showing an upward trend. Accordingly, it is necessary to check whether the StochRSI indicator turns upward again and whether it turns into a state where StochRSI > StochRSI EMA. It is currently showing an upward trend near 101109.59, which is the BW(100) indicator point. Accordingly, whether there is support near 101109.59 is the key. If the StochRSI indicator fails to turn into a state where StochRSI > StochRSI EMA and shows a downward trend, it is expected to fall again to the 95904.28-98892.0 range. - Therefore, what we should consider important in the current movement is whether we can reset the StochRSI indicator on the 1W chart while maintaining the price around the newly formed high point range of 97821.58-101109.58 until around December 27th. Based on the high point range of 97821.58-101109.58, this means that 101109.58 or higher is the high point. Therefore, it is better to interpret the high point range as a high point boundary range. Therefore, if it rises above the high point range and then falls below the high point range, it is highly likely that it will lead to an additional decline, and we should consider countermeasures for this. When the decline begins, the downtrend will stop as it finally creates a low point range (low point boundary range). That is, when it meets the HA-Low indicator and BW(0) indicator, it will create a low point section. If it creates a low point section and then creates a bottom section, an upward trend will begin. If we organize this movement, 1. It rises in the section composed of the HA-Low, BW(0) indicator and most of the movement appears within the section composed of the HA-High, BW(100) indicator. That is, the HA-Low, BW(0) section ~ HA-High, BW(100) section forms a sideways, box section. 2. If it falls in the section composed of the HA-Low, BW(0) indicator, it is highly likely to create a downward wave and show a stepwise downward trend. However, since this step-down trend will eventually play a role in creating a bottom section, if the HA-Low, BW(0) indicators show a rise higher than the previous HA-Low, BW(0) indicators, it can be interpreted that there is a high possibility that a bottom section will be formed at that time. 3. If it rises in the section composed of the HA-High, BW(100) indicators, it is highly likely that it will create an upward wave and show a step-up trend. Therefore, it is recommended to set a stop loss point when trading because there is a high possibility that it will turn into a downtrend when it falls above the section composed of the HA-High, BW(100) indicators. However, it is necessary to check the correlation with the M-Signal indicator on the 1M, 1W, and 1D charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
BNB Long Setup / Use at least 2x-3x leverageBINANCE:BNBUSDT CRYPTO:BNBUSD 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone 655-680 ⚡️TP: 714 754 🔴SL: 617 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
6
GBPUSD Wave Analysis 12 December 2024 - GBPUSD reversed from resistance level 1.2780 - Likely to fall to support level 1.2635 GBPUSD currency pair recently reversed down sharply from the resistance level 1.2780 (which reversed the price for the last 5 consecutive trading sessions) standing close to the 50% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance level 1.2780 started the active minor impulse wave 1, which belongs to the higher impulse wave (1). Given the multi-month downtrend, GBPUSD currency pair can be expected to fall further to the next support level 1.2635 (low of the previous wave (B) from the end of November and the target for the completion of wave 1).
Short
by FxProGlobal
Bitcoin Dominance Broken Down: Time to shift to holding alts..The crypto market historically tends to move in cycles/phases, with BTC first pumping followed by higher market cap OG tokens, before the capital flows to the midcaps and eventually the microcaps and meme coins (which then marks the time to sell). The BTC.D weekly chart had finally broken down below the red long-term support trendline, suggesting capital shifting into altcoins. Need another ~3 days for the current weekly candle to close below to confirm. The Fusiongap {50/15} had also registered "bearish" on the BTC.D chart, which further supports this thesis. Hence this suggest that it is safe to continue to DCA into mid-cap altcoins such as KASPA (KAS) with many higher mcap OG coins having already pumped close to their previous cycle ATH. Will start DCAing out of the market once the micro-caps and a kinds of memecoins start pumping, probably approx. in a year time.
CRYPTOCAP:BTC.D
by cybernetwork
2
GBP/USD Ascending channel short term long term Hi traders, we are taking look into GBP/USD as a short term long position currently there has been an ascending channel formulated and we can see that the RSI is pointing into a nice uptrend - Entry : 1.27600 Target : 1.27960 Stop loss : 1.27454 2.20:1 RR (Risk to Reward Ratio) As always my friends happy trading! 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 channel so you can follow up with me in private!
Long
by DG55Capital
1
The key is whether it can rise above 134.27-143.90 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (AMD 1M chart) The key is whether it can maintain the price by rising above the 139.15 section. If not, and it falls, it can fall until it meets the HA-Low, BW(0) indicators, so be careful. - (1W chart) The key is whether it can rise after receiving support near 134.27-143.90. If not, 1st: 108.10 2nd: 81.99 You need to check whether there is support near the 1st and 2nd above. However, if you meet the HA-Low indicator while the decline is in progress, the support near that area is an important issue. It is expected to create an upward wave if it rises above 177.25-180.49. - (1D chart) It is currently located near the box section of the HA-Low indicator. In other words, the key is whether it can receive support and rise near 130.24-153.60. If not, there is a high possibility of falling to the point mentioned above, so caution is required when trading. - What we need to look at is whether the HA-Low indicator turns upward. The fact that the HA-Low indicator is created means that a low point has been formed. However, since it does not mean that a bottom section has been formed, it can be seen that a bottom section is likely to be formed only if it shows an upward trend after the HA-Low indicator is created. Therefore, you can buy when it shows support near the HA-Low indicator. However, you need to consider whether the bottom point of the HA-Low indicator box can be designated as a stop loss point. - If the HA-Low indicator rises, the trend will be determined again by touching the HA-High indicator. In other words, if it rises above the HA-High indicator, there is a high possibility that a stepwise uptrend will begin. However, if it fails to rise, there is a possibility that it will meet the HA-Low indicator again. - It slowly creates waves by moving sideways within the HA-Low ~ HA-High range, or - It creates an upward wave by rising above the HA-High indicator, or - It creates a downward wave by falling below the HA-Low indicator. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
NASDAQ:AMD
by readCrypto