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Projection

IT's Time To Bounce ( With Actual Technical Analysis Content)NOTE: ZOOM OUT TO SEE ALL THE WAY BACK TO AUGUST 2021 to make sense of this Here we are... in the mixt of the most infamous parts of the crypto market cycle: The Start of a massive Bull Run. As we finally hit the first major retracement level. The question stands? Where do I buy? Where (too late now) would I short to? Where do I put my stop loss? Here is what I see: 1) Slight Head and Shoulders pattern forms in area around reversal, indicating bearish impulse. 2) BTC ranges between the 50% fib and 38.2% fib for a few days of time. This tells me, that 50% line will most likely serve as the pivot point back upward. I would put my stop loss probably somewhere in the middle of the 50% and 38.2% zone but beware of stop loss hunting that will likely occur before the up-swing. If you are margin trading, I would recommend setting a buy zone in that zone as well to counter the effect of a potential hunt. 3) Historical situations show that most of these retracements tend to occur with similar fashion. I have zoomed out (zoom in on specific current zone and August 21st, 2021 zone for comparison.) In comparing the zones: Notice the similar structure of the initial breakout/retracement pattern occurring in bot areas. **This does bring me to the point of addressing how this comparison does not line up with my last point. This is because this time period showed more resistance between the 23.60% zone and the 38.20% zone while the current shows what I mentioned before. Things may be similar, but rarely identical in this time and age. 4) The aforementioned zone in August 2021 shows a similar behavior as we analyze wave trends. We see a two pretty large impulses followed by the retracement period and as seen in August, that leads to an even larger breakout. 5) RSI typically dives down to get close to or touch off the 30% line leading into a bullish swing upward. I'm pretty certain that we are approaching a very clearly bullish segment after a cold crypto winter. Make a move, make some money.
Long
by PapaBear95
2
BTC Multiple Price Level ProjectionBitcoin is at a strong demand level where investors, traders, and institutions, will decide to accumulate or drop to its next support level BTC: Currently watching the 30k level for a bounce to test 40k We will most likely see some consolidation during an accumulation period between the 30 and 40k levels as we did in the summer of 2021. This could go on for months BTC could possibly break 30k, where it would then test the trend line and have a bounce or if it does break the trend line, move down to the 25k level We will know we are in a bull market when BTC can hold above 42k. This level has acted as a very strong support and resistance zone
BITSTAMP:BTCUSDLong
by ShannyNova
Possible Head and shoulders *LONG* Keep an I on the possibility of this being an outcome for Chainlink. Even though it has been on a pure uptrend testing it's highs and lows and pushing forward. There is always another side to every success story. No matter what I believe, Chainlink will push through eventually. Keep an eye on resistance levels through the week. $27 specifically, if we find it causing resistance it is possible we can end back up we we are currently sitting at $22 - $22. 40 . Which in turn if this forms the infamous H&S , this may in turn push us further down to the $19- $17 range. Just hypothetical but possible. Good luck and Happy Tuesday!!
LLong
by Brother-Doug
$KE1! Wheat OVER $9 in March? Potential for $10?Hi Folks, Wheat has entered a bull run with a 50/200 ema golden cross as well as a 100/200 ema bullish cross for the first time since 2010! The prior run was from 2010 to 2016. Bearish from 2016 until late 2020 where we first see some bullish crossings. These stages tend to last anywhere between 4-6 years so we should see some continuation. As far as the technical movement goes, we can tell that wheat likes to flag into the 21-day ema and sometimes into the 50-day ema before continuing. Yesterday, price fell below the 21-day ema and today it reclaimed immediately; this is exactly what we wish to see in healthy upward movements. Needless to say, at this point you can tell I am bullish on wheat (and commodities in general) for the foreseeable future. What say you?
CBOT:KE1!Long
by markcoomes7
BTC unfolding??I do not like what I see in this chart and I am really wish to be proven wrong by the markets. However, as it stands, it does look like BTC might be on it's way for a major drop in price. I plotted both a TD Projection and a Head & Shoulder pattern on the chart, both figures are hinting at a very strong possibility for a drop in price to less than $20.000. As a strong advocate and believer in this technology and it's social implications I do really wish to be wrong. Please, tell me I am. Thank you.
COINBASE:BTCUSDShort
by UMM_investments
4
ADA DOUBLE BOTTOM BULLISH ON WEEKLY CHART **LONG**ADA/CARDANO Looks to have a comfortable position settling around the $1.30 range. With recent trends and other Bullish movements, Cardono seems to be finding support and beginning its upward momentum back up to its previous all time high.in the next few weeks. Looking at a possible $2.90 area. And a retrace back to $1.97. Remember this is a LONG entry and becoming rich and famous doesn't happen over night. This also is just my view and not financial advice. Good luck and Happy New Year!
ALong
by Brother-Doug
TSLA - stars are aligned for a sustainable reboundI guess we can say that Elon's offloading 10% of his shares was in great part responsible for TSLA's plunge of nearly 29% in the recent weeks and it doesn't help that US markets have also been correcting during this period. There are now a confluence of technical factors on Telsa' chart that gave conviction to Telsa's rebound yesterday: Telsa finally hit into a strong support zone around 890-900 on Monday before staging a rebound on Tuesday. I suspect the worst is over for now. How is this a strong support zone (890-900 region)? Due to a confluence of : 1. a horizontal "ressistence" turned support at 895 2. gap close at 900 3. 50% fibonacci retracement of the BC swing up 4. 100% of the AB retracement projected onto C Incidentally it appears that Elon is also about done offloading his 10% and the US indices also staged a rebound. With so much aligned, I guess Telsa is looking brighter again in the coming days. :) Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NASDAQ:TSLALong
by Juliac