Retracement
SUI : SHORT SIGNAL : SCALP WHAT'S LEFT OF THIS GUY If this feels a little like deja vu, I feel you..
Apparently SUI doesn't know when to quit..
It's hardly got any remaining teeth and here we go again.. )
Seriously though.. This coin looks extremely bullish in spite of the fact that it's likely coming down some first..
The good news is that getting in at the bottom of whatever's about to happen will put you in a spectacular position from which you can relax and watch the bullrun unfold..
I expect SUI will be one of the first coins out of the starting blocks, rushing to um..
Yep.. I was about to say "The moon"..
Don't you judge me.. ))
Short target: $1.20 (Because we're not greedy)
Here's the previous signal given for SUI:
www.tradingview.com : SELL SIGNAL : SCALP THAT INJUN
incoming relief rally for BTC and then...I'm thinking that BTC gets a relief rally from the 100 day ema (yellow line) to $4400. After that we grind to to about $3200 for a healthy retracement to a historically significant level. The $3200 level is also a current confluence of a 50% retracement from that $4900 area and the trend line from the bottom. From there, I'll be expecting to get back into that upper channel.
DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. This content is poor speculation at best but I do it to learn and interact with the community (you all rock). YOU are responsible for your own investment decisions. I am responsible for neat colors and lines.
$NVDA COMPLETE ELLIOT WAVE ANALYSISI have identified all the wave counts visible on the weekly chart, and while they make sense to me, I acknowledge the possibility of errors, given my relatively new exposure to Elliott Wave analysis. It's evident that we are currently within wave B in the overarching wave count. Anticipating an elongated wave B due to various sub waves, my expectation is for wave B to reach the designated green pivot area before completing wave C well below the 2022 low.
AVAX: Thoughts and Analysis, potential low discussion.
Today's focus: AVAX
Pattern – 50% Fibbo, HL low analysis.
Support – 29.22
Resistance – 33
Hi, and thanks for checking out today's update.
Today, we are taking a look at AVAX (Avalanche) on the daily chart. Looking at price with a Fibonacci retracement tool on the chart, we can see that price lines up at the 50% point. This point also lines up with a previous high. We discuss the significance of the 50% Fib point and when price lines up with previous highs in today's update.
We have also run over what we are looking for to start calling a confirmed low and continuation. Signs are building, but buyers still have some work to do.
Good trading.
💹A trading opportunities - Short USDCAD retracementLook no further! Our analysis shows that USDCAD is currently in an uptrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a short trade. Key Level 1.3480 has been broken, and we’re waiting for a retest on resistance levels (as marked as Sell limit levels on chart). If all goes well, we could see a touch on 1.3453 and gain some pips from this short trade. More take profit levels and the stop loss are marked on the chart too. 🤑🤑🤑
I hope this helps! Remember, trading is risky and always do your own research and analysis before making any trades. Good luck! 🤞
💹A trading opportunities - Short USDCAD retracementLook no further! Our analysis shows that USDCAD is currently in an uptrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a short trade. Key Level 1.3480 has been broken, and we’re waiting for a retest on resistance levels (as marked as Sell limit levels on chart). If all goes well, we could see a touch on 1.3453 and gain some pips from this short trade. More take profit levels and the stop loss are marked on the chart too. 🤑🤑🤑
I hope this helps! Remember, trading is risky and always do your own research and analysis before making any trades. Good luck! 🤞
Crude Oil Reversal Opp 18.01.2024It looks like Crude oil experienced a sharp drop lately followed by a strong reversal.
This creates an opportunity for trading the retracement that will probably happen if the resistance proves to be strong enough.
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Price may retrace to $449.50Now that we have completed 3 waves up and a historic over 12% move up, I am looking for a retrace as recently buying failed to make new highs and the price sideways.
We have ES/MES futures roll over in 5 days so we should expect volatility. and a slow creep down to lower prices as a retrace. I still think the prices will make new highs into the last week of the New Year !
What do you think ??
Intraday Scalping Idea for USDJPY: Key Levels and Sell LimitsHey traders! 👋
H1 ICT short setup
Let’s take a look at the USDJPY H1 chart, which performed LG and Displacement + Choch after the last NY session and Asia AM session. Our AI screener shows that the JPY has slowed down the weak strength (turning to the strong side gradually) and the USD is increasing momentum to the weak side, which makes USDJPY drop as well.
If you’re looking for an intraday scalping idea, here’s one for you:
🎯 Target on key levels:
145.30
144.72
📉 Sell limit order levels:
145.48
145.63
145.77
🛑 Stop loss:
145.90
Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
BIGTIME RETRACEMENT : RECTIFYING MY MISTAKESo, admittedly, yesterday I made some Bear-trend PTSD induced paranoia, apparently and made more than one bad call.
I apologize for this and am hoping to make up for it and with any luck redeem myself some.
This is the reviewed TA.
It's good. I endorse it and am kinda betting my reputation on it, if that counts for anything.
Not making excuses, but I'd like to offer an explanation behind the reason it happened.
When analysing ranging markets with very few sustained bullish runs, it kinda shrinks one's scope and causes you to zoom in more-and-more over time. This is dangerous for the obvious reason of losing track of scale, which impairs your ability to estimate what it is you expect to see and where a reversal is likely to happen, which makes the act of analysing the chart uncomfortable because the pieces of the puzzle don't quite fit right, but it could be due to any number of reasons, and you only know once you know, which is after it happens, when it completes the cycle and you get the confirmation that had been expected. This is often exasperated my the very nature of crypto to often go into somewhat of a lull right before a breakout, which was the case here, but to a smaller extent than it might have been later in the bullrun..
Looking at the chart today with a fresh pair of eyes and my empty plate of humble pie, I wanted to admit my mistake and make an attempt to fix it.
// Chart explained:
The $0.95 peak that just hit, was the marker I had misidentified yesterday.
It completes the firstRun leg of the cycle and, once complete, directly informs the next part of the chart, which is the retracement and usually the section my technique is most accurate in predicting correctly.
Unfortunately, there's no timeframe for this retracement and it could take hours, days, or sometimes weeks. Taking into consideration where the overall market is in its larger (BTC) cycle, ie. the early stages of breakout, my best guess at the timeline, would be fewer than 7 days. Whatever happens between this point and the end of the retracement doesn't matter, and I guarantee there will be times when it looks like it's running bullish again..
Don't trust it.
There are two scenarios I'd expect to play out for BIGTIME.
From current level down to $0.645. This is guaranteed and will happen regardless of which of these play out. It should bounce at least some from that level and after that, we'll see if it's really finished or has more to go.
The bounce from the 0.618 fib line will show intent, but can only be considered confirmation of continuation upwards if it breaks past $0.857. It may not even come back up to this level, which would support #2, but if it does, it's still not enough to call with any confidence.
Scenario 1] Bulllish breakouts often only retrace to 0.618 before making a strong recovery and continuing back to the previous high before kicking up and beyond. I'll post an update then.
Scenario 2] Following the bounce from 0.618, if it's still retracing it'll only reach that previously mentioned $0.857 level before coming down rapidly. If you're waiting to see how it plays out, is where I'd be looking to short. It so happens that it's currently around a similar level : $0.832, so the safe bet would be to short from current levels and hold on tight. If you do this, you can expect more minor reversals around $0.55 , $0.455 , and the eventual end of the retracement at $0.0337. There's often very little gap between the last two, so if you're going short, be careful of second guessing around this area, as it tends to get volatile and getting it wrong destroys marriages.
TP: $0.365
I'm calling this slightly short, simply because it's good practice and you'll have made a tonne of profit by then, so rather safe than greedily sorry.
If you're uncertain at any point between now and then, it's probably best to not enter. Either way, unless it goes above $0.95 and $1.00 in a convincing manner, it would be wise to not go long on this coin before it reaches $0.35 and produces a strong double-bottom.
Only once you can confirm this pattern on multiple timescales should you buy, and you can then do so in confidence and minimum risk.
Anyone with sufficient margin looking to maximize profit can go short from the current level or raise their existing entry by adding to their position. It's still a very profitable trade and unfortunately, this one favors deep pockets.
If it were me, I'd increase my current position 3 - 5 fold and wait for $0.35..
That was less painful than I expected.
Not sure anyone will read it, but that was not the objective.
Just felt that I owed you an apology and whatever insights I might have to offer.
Good luck, and since I'm not allowed to invite any DM's and have received yet another warning , I'm hoping to hear from you in the thread where it adheres to TV's transparency policies, which, incidentally, I don't agree with purely because it's silly.
I get it, though. Managing 50mil users is a headache I don't envy anyone..
BTC:USDT : SHORT SELL : NOT WRONG. JUST 5 DAYS EARLYSo, it's happening.. Finally..
This is not farewell, just g'bye for a bit..
Retracing from what has really been an uncharacteristically stable rise for weeks.
It completed the obligatory double-top 5 days ago, and is about to start the descent. Usually a slow, steady trend in one direction is followed by a violently aggressive opposing movement, so keeping my fingers crossed for CARNAGE..
Don't wish to speculate much on the total extent of the correction, as I'm biased and hoping it'll break out of the blue diagonal vice-like structure it's been chained to for what feels like eons.
Will say this: Minimum dump target: $37150.00.
With a gun to my head, I'd have called the 50% line at $34850.00 thereafter..
Will have to wait for more information beyond that point..
CVNA is Ready to Rally
NYSE:CVNA Carvana Co. found a bottom at the all time low of 3.57 on Dec 7, 2022 after a significant decline from all time highs above 375 in August of 2021. The boom was largely driven by economic factors, there was a booming Used Car market with ultra-low interest rates and a desire to stay indoors with the pandemic that pushed people to use the new type of car-buying delivery service. The following bust was also largely economic: a waning Used Car market, rising interest rates and a subsequent bunch of bad earnings for CVNA.
Now CVNA has steadied revenue, consistent Green Earnings Beats and made consistent higher lows from the bottom and shown strong supports at 7, 25, and 38. While up nearly 15x from the low a year ago, there is a lot of room to run even at current prices. Strong growth potential and the acquisition of brick/mortar car dispensers will allow for more robust revenue beneath the continued growth in deliveries as interest rates level out and the Used Car market resurfaces.
Expect this major bounce momentum off the All Time Low to continue to at least a 38% retracement and previous resistance levels of 145 at a minimum target. With time and consistent momentum, as we've seen over previous years on this asset, prices will likely go back up to common retracement levels .500, .618, .786 and even beyond to new highs. While it could continue, this asset is very volatile, be sure to take profits at target levels.
ORDIUSDT SHORT SCALP : SELL SIGNALLol.. Couldn't have timed my experimental previous post worse.
Immediately after I posted it, ORDI creates a double-top and starts retracing.
This doesn't look like the end-of-run pattern I'd have expected, so not going to suggest that it's entirely done.
It is retracing some, though, so, enjoy.
Long-Term Bullish Bias Amid Short-Term Retracement Signals!Despite prevalent negative sentiments surrounding the Dollar's bearish outlook, I maintain a bullish bias on USDJPY. I perceive the recent bearish move as a retracement within a longer-term bullish trajectory.
For those inclined towards catching the retracement, the Bearish Fib-3 Bat Pattern on the 1-hourly chart might provide an entry opportunity for shorting at 143.28.
What's your stance or strategy regarding USDJPY? Share your thoughts below!
NAS100 Retracement? 14.12.2023After a sharp increase during the FOMC news the index continued the upward rapid movement until it found resistance close to 16700.
It is possible that we see the retracement today as the arrow depicts, and the Fibo tool.
__________________________
Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
Crude Oil Retracement? 13.12.2023Today Crude’s price went even lower than yesterday reaching 68 USD/b and it now seems that this is the turning point to the upside.
We might see a retracement completed after this long and rapid fall, back to the 61.8 Fibo level as depicted on the chart.
__________________________
Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda...
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).