S&P Riding the wave!!! Hey guys,
I am going to publish some ideas that I think will be valid in the next few days coming up. There is a rally that is happening but I think all of that will crumble by the beginning of next week. Since we have Good Friday this weekend, the markets, in my opinion, are trying to push up just a little in order to come back down!
If you like my ideas, please like and follow.
Rally
DASH - It Is Going To Rally Just Like Zilliqa It is nothing better to see than a bigger market cap coin going parabolic and therefore becoming a leader amongst altcoins. Zilliqa chart is looking extremely similar than a lots of alts, one of them is DASH.
I've copied / pasted and properly adjusted ZIL chart to the DASH so that all the dips are in the same timeframe. You can now see how similar charts are. Dash is clearly a grinding bit slower given that it is an older coin (2014), but when it pops it goes similar to what ZIL did and will likely continue to do so as an alt season progresses.
If DASH would do the same as ZIL it would be sitting at just above $430 right now, preparing to go above $1k. That is still to come and so we have to be patient. Patience is crucial for a success here.
I am not a financial advisor so non of this should be taken as a financial advise. Wish you all successful investment.
BINANCE:DASHUSDT
XRP - Still On The Track For Explosion During this week XRP made a new local high at $0.93, after that had a few % drop (as expected) to re-test the bottom of the triangle, from where it has broken out of. Next we need to (and we eventually will) brake above the green decending trend line where i also expect a re-test of some kind as this trend line is more than a year old at this point.
After eventually breaking above green trend line, which can happen in a bling of an eye sometimes, we should expect a rally to the upwards (like Zilliqa did few days ago), where we also need to watch major fibonacci retracement levels extended over 2021 rally. These are 0.702 ($1.53) and 0.786 ($1.65). Breaking above these and we should be ready to go into a next trading range which i've described not long ago.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
BINANCE:XRPUSDT
Time for DeFi to Rebound? This chart represents a basket of top DeFi projects. DeFi tokens are down bad from their bull run highs, but seem to be bouncing off an area of previous accumulation / support.
Will we get a bearish retest of the 200SMA? This would amount to a ~30% pump for DeFi.
Bitcoin or ETH could easily steal the show, but perhaps worth keeping an eye on!
happy trades,
CD
AFRM might have a very strong rally under the conditions of the correct markets and with the fact that the markets priced-in the FED's correct trajectory and as several technical indicators are showing on the NDX and the SPX this might take place very soon..
** this is not financial advice, just my humble opinion **
$CLSK morning dip buy up 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
The crypto market is at its loading zone. My team is loading up shares of crypto related companies that we believe will surely benefit from this rally.
Today my team purchased shares of clean-energy software and bitcoin mining company $CLSK at $10.30 per share. Our first target is $12.50
Our entry: $10.30
Target 1: $12.50
Target 2: $9.75
If you want to see more, please like and follow us @SimplyShowMeTheMoney
AMD has an interesting weekend and (possibly) week ahead. Wow, is all I can say about AMD. It has been a killer week filled with rallies and bleeds spawning from thin god-damned air. What has caught my attention, is this multi-day Head and Shoulders, picture perfect on the 1hr. We saw the usual bleed after right shoulder formulation which allowed us to see these clear supply and demand zones(consisting of a 4 hour supply, 1 hour supply, and a 1 hour demand), and AMD actually bounced off of 2 of 3 of these derived zones as seen in the photo. AMD continued to do AMD things for a bit after the H/S bleed. Now we see many hours candles touching this 109.87 range, 3 times to be exact. In my conclusion, we should see AMD hold between 109.87 to 115.39 (which is the end of the 1 hour red-highlighted supply zone) for the weekend, until institutional and retail investors have their hands on deck come Monday.
Say AMD happens to fall below 109.97 resistance? Simple, I see AMD falling to 102.75 to enter that demand zone it had previously bounced off of and can make for a nice put setup. (ORANGE LINE)
Say AMD happens to break that supply zone completely, what now? Well, one of our derived zones is still pure, untouched. We should see a push to 118.05 setting up for a nice call setup, which is the gate to the demand zone. Here would be an instance to set a rather conservative SL (if one hasn't been set already), this zone has yet to prove its validation and I would hate for someone to lose their money chancing a demand zone invalidation. (GREEN LINE)
Let's make some money boys (or girls), peace.
Bitcoin rally signal to 43,000~45,000 on weekly 0.3 Genesis FibBitcoin just shifted the weekly chart into positive as seen on the Momentum Oscillator indicator. It is the first time since the several months of bear market we have experienced that Bitcoin finally confirms consolidation at the 0.5 Fib
Yesterday, BTC had an much easier win for the 41,3 resistance than expected. Momentum is on the side of the bulls as it will take a either a major world event or an almost impossible effort from the bears to shift this back into sub 40,000 price mark.
Without a doubt, if Bitcoin breaks through the upcoming resistance at 0.3 genesis Fib, respectively ~43,600 price mark, BTC will be shooting towards 45,000 without much resistance. At 45,000 it is highly possible that retail market will gain confidence into bulls, and with that confidence, Bitcoin will push above the ~50,000 price mark.
However, bulls should pay attention for the strong resistance at the 0.2 genesis Fib.
Definitely a long signal here, shorts should be closed or extremely closely monitored.
Top or bottom ? - MAJOR confluence in index futures:Chart shows the combined 3 index. They are weighted so that a 1 point change will imply the same change in $ terms. (For weights see www.barchart.com
In the red box is a confluence of:
Support from 3mo chart (previous 2 candle) in purple
POC of Volume Profile
0.5 Fib of recent HH and LL.
Redbox marks current swing high and low
The Prediction:
Expansion of range
Direction: I assume random
GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout.
As long as the price stays above ~173.80 we will have a confirmed breakout.
Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
$TLRY smoking on that tilray pack 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: The market has been in loading zone the past couple of weeks. My team is loading up shares of companies that we believe are likely to benefit from this rally.
Today before the market closed my team purchased shares of marijuana company Tilray Brands $TLRY at $6.26 per share. Our take profit is $10
ENTRY: $6.26
TAKE PROFIT: $10
(OPTIONAL) STOP LOSS: $5.50
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$BTC is bitcoin headed to 60K?! 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
!! This chart analysis is for reference purposes only !!
My team closed out our bitcoin trade the other day securing a 18.4% gain. Whether this was a good remove or not remains unknown since the rally appears to be continuing and may even reach 59500-62000!
Our team is still holding shares of these crypto related stocks: Coinbase $COIN, Cleanspark $CLSK, and Marqeta $MQ. So, we will still make money from these three in a crypto rally even if we aren't holding $BTC itself.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
False breakout should expect downsideBTCUSD went on a short-term buy and a fake breakout pass the supply zone and made a bull trap. Should expect a downtrend while going downside. We aren’t that far from 20K so get your seat belts ready because I expect 28-14K somewhere around there for the buy might go about 20K we will see how far will drop. Should expect there around March or April to that low then a nice LONGTERM buy.
Once we hit that low I expect BTCUSD to hit over 80K this year the big target is 100K but experts said Bitcoin will hit greater than 100K guessed it 200K.
But first let’s see how low it goes and pay attention how low it will go. I be waiting for that low around that area to buy and buy the dip.
$SPY Is The Sell Off Over?The above chart is a daily candle chart of the S&P 500 represented by SPY. The red arcing area is a distribution phase. The yellow highlighted area seems to be an area of indecision with both pockets of support and resistance. With in this area there's a possible "follow through day". Which, as described by Famed Technician William O'Neill is:
"A follow-through day occurs during a market correction when a major index closes significantly higher than the previous day, and in greater volume. It happens Day 4 or later of an attempted rally. Leading up to a follow-through day, an attempted rally takes place during a downtrend when a major index closes with a gain. The rally attempt continues intact as long as the index doesn't make a new low. Follow-through day variables include: an index closing sufficiently above 1% on increased volume, positive behavior of leading stocks, and improved market action regarding support vs. resistance levels. The most powerful follow-through days often happen Day 4 through Day 7 of an attempted rally. In the wake of a follow-through day, the market should continue to add gains in strong volume, with breakouts by top stocks. This is further confirmation a new uptrend is underway."
Do we fit the criteria of a follow through day?
1) Did we have a market correction?
Peak-to-trough was a roughly 12% drop.
2) Was there an attempted rally?
January 24th saw a 4% plus drop only to close higher on the day. That low has proven to be the low of the sell off thus far.
3) Was there a higher close on strong volume on day 4 or later?
On the fourth day, the index closed 2.5% higher then the previous days close on stronger volume.
4) Did the rally continue on strong volume?
Today, the fifth day, saw the index rally back above the 200 Day Moving Average for a nearly 2% gain and on above average volume.
5) Did leading stocks breakout?
The rally was lead by tech stocks and with in the group semi's such as NVDA and AMD lead the way.
The argument for a follow through day seems pretty persuasive.
What does the community think? Too soon?
BTCUSD Elliott Wave Forecast - Wave 4 Bullish Hidden Divergence*Re-post* Previous idea got removed.
A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below).
In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum indicator shows a lower low. This can usually be spotted towards the end of a correction indicating that price may soon rally.
I hope you found this useful, do leave your thoughts in a comment below.
As always, a 'like' and 'follow' is much appreciated and provides encouragement to share further ideas.
Thank you for taking the time.
BeyondEdge
Your Edge Is Your Perception. Go Beyond.
Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22
US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com