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Parallelchannels

BTCThis is slowly becoming my primary count, Weekly chart can continue to push here while DXY finds a ST bottom, but as we can see my 3rd wave has yet to test the 1.618% around $15k. Also the measured move breakdown from the recent triangle hits around $12,800. If my DXY analysis is correct and we get $110 ST pump to the dxy BTC should finish the 3rd wave anywhere between $10K to $15K before starting wave 4 to $24K and then ultimately finishing this bear market around $7,500 EOY.
BITSTAMP:BTCUSD
by Big_Mike716
2
can BITCOIN break the channel resistance to the upside? 🚀Hello 🐋 Based on the chart, the price is close to the channel resistance area and stick in the range zone (parallel channel) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
8
can BITCOIN break the channel resistance to the upside? 🚀Hello 🐋 Based on the chart, the price is close to the channel resistance area and stick in the range zone ( parallel channel ) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
7
USDJPY SELL!USDJPY is showing a strong bearish sentiment on the weekly and daily charts , heading towards the next support zone of 126.137. On further inspection is a downward parallel channel on the 4 hour chart . Price recently reached the diagonal pivot line of the parallel channel and got pushed down . Recently, price retested that pivot line and is now ready to continue the downward move ! For now , my Target will be the lower limit of the downward channel i.e. 127.8 !
Short
by UnknownUnicorn44957284
1
Trend Channel Early Direction and Best Entry NIS- Nava Imbalance Strategy - Using Only Price Action, We can find the best entry to catch those HUGE returns! This is how to detect early direction and perfect entries and exit points using Wycoff method. (on diagonal trend channels not support/resistance) This Wycoff pattern will create imbalances on parallel trend channels. IMBALANCE (price moves outside of trend channel then returns.) First imbalance is showing who is in charge regardless of trend channel direction. Example -IF first imbalance is on top, & trend channel is going up, Look for entry at new imbalance #2 at the bottom of trend channel to catch biggest move. Best Entry = @Fakeout / Safe Entry= @ return to trend and retest trend line. -IF first imbalance is on top, & trend channel is going down, Price will move with trend until higher time frame trend channel line is hit. Price will then start to return to imbalance below slowly. This pattern repeats on all trend channels that have been correctly placed. - We find correct channel placements by making trend channels from daily down to entry time frame. - Hide higher timeframe trend channels to see better in the lower time frame channels but will need to see where they are as price approaches the trend lines. - Trend channels like to continue the push of a trend until bounce of higher time frame trend channel lines to follow higher trend channel or breakout. You can follow price with trend channels once you have entered until price starts making imbalances in the opposing direction.
Education
by JOKESTV
TESLAHello & welcome to this analysis In the monthly time frame we can see the stock has broken and continues to trade below the Ichimoku Base line support, suggesting a likely test of the Ichimoku clouds in the coming months. In the weekly we can see a Head & Shoulder formation with the right shoulder withing a parallel channel. Sustaining below $205 (weekly) this could break all the way down to $150 before any relief / value buying comes in. Short term bounces here there might come due to oversold zones, but overall structure has become very bearish for the medium term.
NASDAQ:TSLAShort
by Dinesh_C_Nagpal
1
Luna - Technical Analysis- compared to Ethereum EthThis is a good example to Analyze Eth chart pattern. Even Eth is making something similar parallel pattern in a longer time frames. Generally, after the 2nd consolidation it should Break out from the channel, if it fails and making Bearish Divergence in the rsi, high possibility that it will break down from the channel. This doesn't mean Eth falls in a similar fashion as Luna fell down, but i took Luna as example to explain the movement in the parallel channel. Ethereum most probably make one more cycle in the next bull run and make bearish Divergence in rsi or Mfi and break down from this channel.
by nmchary
#BNB REACH TO $45 ... SEE THIS ANALYSIShello guys... i know we are holders and its hard to analysis our cryptocurrencies this way but we should see it clearly, all sign show bearish movement at market! unfortunately... bnb had formed a QM pattern and there is a chance to get back to QML.. that level is good for getting a short position or selling your bnb... but maybe this crypto currency do not make a retrace movement and fall from here! always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
Short
by melikatrader94
10