XRP Daily - Trendline BreakUpdate from the previous post, we broke the downtrend, the wedge posted wasn't a great setup once we started breaking lower.
We will see if we reject these retracements above between $1.50 and $1.80 then we can expect a move down.
Alternatively, if we push towards $2 a break above would expect a continuation.
More to follow soon.
Retracement
NULS- If You Aint Got it, Get It❗️ Before You Regret It💎NULS saw a massive breakout on BTC charts followed by a textbook retracement right back to our liquidity area.
This is prime real-estate for picking up a potential long and there's PLENTY of up room left on this chart.
These corrections on the market ARE NOT a bad thing. I know it seems like the sky is falling, but for growth to continue we must stay away from a parabolic top, and these small hops down are what prevents everything from crashing down.
And lets be honest - It's not every day the market gives you a second chance to buy in at this level...
DO NOT SQUANDER IT!
$SPY fly too highAnother idea why the $SPY has had an incredible run. A simple and effective analysis - K.I.S.S!
200 SMA
DIFF = -
The spy has historically respected the daily 200 MA. In four different sequences, we see 3 times where there is 1 return to the daily 200 MA over an extended period of time:
1. 463 Days : DIFF - 37.98%
3. 272 Days : DIFF - 23.92%
4. *+303 Days : DIFF - 39.06% *(current timeline before return to 200 MA)
The fourth idea - sequence number two - returns to the 200 MA 8 times over 399 days. Where the DIFF is 12.94%. This current period (303 Days) trending without return to the daily 200 SMA is average compared two the other two period's analysis. However, the current return is more than a % of the next records return, which lasted the longest - 463 days.
Currently we are above the 200 SMA by $54.21 | 14.96%
TL;DR - Over extended in such a short period of time from the 200 SMA
Fibonacci
Orange Diagram
Since the lowest point of the COVID crash - $218.26 - We have extended to a key level in this phase - the 1.68 retracement level. This key extension period displays the possible run from a pullback. Though we have hit this level with key momentum, volume and activity is decreasing (Note weakening RSI). I say, a final push bull-trap rally while past a record $400 significant whole level.
Gap To Fill
Another reason to be short in the short-term. Here is a great post for a short-term bearish signal: The gap to be filled at the $400 level.
TL;DR #2:
1. Haven't hit a 200 SMA after an incredible run. Usually the SPY the respects the 200 a couple times over this same period. If not, they are noted above and in the diagram.
2. We have hit a key extension in the Fib, Thoughts are a Final bull trap rally in the 400+ space. Exhausting volume and weakened RSI.
3. If you do not want to be long, there is a good analysis on the gap that should fill - Link for this analysis above.
Best of luck and all love traders
BTC Dump Breakdown!!BINANCE:BTCUSD BINANCE:BTCUSDT
Hi , so as you all know that we are having a significant dump because of different fundamental and technical reasons such as overextending price in a short period of time and bearish news and ...!!
So currently we can't claim that the pullback is over or we will continue dumping , the best thing that we can do is to wait for the market to play it's moves and when we get bullish signals we can get back in and open long positions.
Currently we are in a high traffic area and we have support both from market structures and the 100 D EMA , so if we hold this level we can monitor the price action on lower time frames to look for bullish signals to confidently claim that the pullback is over.
But of we can't hold this level too we will head towards our next support level witch is at 43k to 45k levels . At this level we have 21 W EMA and market structure support . The 21 W EMA is a strong support for BTC market overall and in different bull markets we retest this support many times and it's a normal behavior , so if we get support from this area and shift from lower time frame bearish market to lower time frame bullish market we we will wait till we get one of our valid entry signals and safely open our trades and enjoy the rest of the Bullmarket .
But if we break this level too we can officially say that the bull run is over.
So anyway trade cautiously and if you did found my idea helpful consider leaving a like and sharing your opinions with me by leaving a comment . Thanks ;)
Consolidating Structure Breakout | Short Opportunity on PullbackLooking to enter shorts on a pullback retesting the back of the broken ascending TL in confluence to the inner 0.618 fib retracement, previous area of S&R, and respectable descending TL.
Cancel order if 129.700 level gets broken before getting ticked in.
DOGEUSDT AnalysisHello traders!
After the Huge pump doge is continuously dropping and the bears are not settling yet. We can see one more drop to the previous low and the drop can below the support and will use it to form some strong reversal pattern. These patterns will form below the support like.
This post is just to share my views on doge. This is not trading advice in this pair as it is very volatile and can change the views on any good/bad news.
Don't forget to hit the like button and follow to stay connected
US500 Over the TOPUS500 as climbed high in this last weeks.
Value is now overbought do to the high distance from the ichimoku support and the 18 days of green values.
Value reached the top of the uptrend channel
Trading idea based on fib's retrace and comum sence.
Trade safely
Cheers!
Cup and Handle + value sectors set to jump high A beautifull Cup and handle habe been formed and confirmed on weekly - now retracing to the 61.8% Fibo as expected to jump even Higher.
im taking a start here at 21.6 as am not sure its gonna retrace to the 61.8 fibo. i d scale in if it does.
High probability of huge gain
CADCHF-4H-ShortHi guys;
On CADCHF ,we can see the price breaks the uptrend channel after that it is gonna the retest to resistance zone.So we need on the resis zone we find some reversal signal for getting to short position till T.P1 , T.P2.
Please put your comment and like .
If you would like my vision , analysis please follow me thanks guys.
Bitcoin inverted head and shoulders patternBitcoin formed an inverted head and shoulders pattern on H4 view.
Usually, it is considered as bullish in 50% of cases as patterns work better on daily view.
My target is 74K, however we performed 6 months of bullmarket in a row, which never happened since 2012.
7 months never happened since 2011.
We could also see a retracement this month but we have more liquidity with institutional investors and higher market capitalization with more billionaires in the game.
ZCASH LOOKING BULLISH4HR Chart:
-ZCASH has retraced 80% - 100% since Jan-Feb.
-Showing good levels of support as it moves up.
-Continuous higher lows shows still in uptrend
-Nice gap between 10/50ma over 200ma
-Knocking on the $200 door and now making new highs.
Watching for retrace and potential buy setups.
Hope you all have a great day! Thanks for your time!
Please like and follow!
And remember, don't chase, retrace!