SRNE - Beginning of third wave, maybe..As long as the company continues to provide decent news and progress, I believe this pattern will prove itself.
The market went down hard at yesterday's session and recovered strongly, I believe that SRNE weak hands were washed out in that move and now it will be easier for it to move towards the highs.
If the volume goes down and the price will move sideways/down for more than a week than consider the plan cancelled.
Short-long
Bank Nifty trading guideAs technical analysis provided on Bank Nifty, Sunday, it broke the support zone shown in the charts, going short would have been provided an awesome running profit. Stay tuned for further updates, and follow, subscribe for more such calls on my youtube channel. Thumbs up thumbs down based on what you feel about the video.
Which direction we will go?Hi, there is an update to the current situation of inverted SP500 graph
We are currently in a kind of wedge which can go in both directions. Imho March will be definitely "deciding month" in which direction the stock market will go. Therefore, it is appropriate to consider risks - to be in the market or not to be in the market and with what % of an amount of capital, eventually consider to protect yourself by some short positions or options.
Scenarios:
1) Currently I would expect to move from the current 3900 points to about 3800 points (cca 3% correction) is the minimum healthy correction we should make.
2) Deeper correction, which would mean wedge to be broken. It may occur in parallel due to some bad news (for example higher inflation - helicopter money, battle usa-china, some covid bullshit etc ..) This would mean a correction at least about 10% to 3600-3500 points there are a long-term trend, support and strong moving average MA200.
3) Everything will be shiny, wedge will be broken in bullish direction (btw: don't forget that people in the USA will get more money during March, which will quite likely go to the market again - according to JP Morgan research)
Final word: pay attention until market will decide. Btw: in any case on RSI is bearish momentum and divergence.
USDJPY The wait is on & update from yesterdays trade!!Hi all,
Yesterday price hit the 0.618 on the fib of the last move. The purple boxes represent areas where price may become stuck as detailed yesterday price rejected that area nicely. Now I am waiting for price to hit the new hourly zones as market on the chart at the 0.318 - 0.5 on the fibs respectively. Anything past the 0.618 level and we wait for price higher to be tested.
I will be waiting for an hourly candle confirmation to show sellers coming back into the market and depending where the level is created that will create a cheap stoploss for us. If this happens today I will post again with an additional short. Yesterdays position is still currently 50 pips in profit.
As dollar continues to decline we may see this pair fall much further than our current price. I will be posting daily and following this market.
Please follow for updates and watch this space!
Comment and lets talk!
Sorry My Love, Healthy Correction Is Needed.Firstly, LONG LIVE CRYPTOCURRENCY AND BITCOIN.
In the short term, I would be lying if I didn't think this is going to see a healthy correction onto Ichimoku cloud support.
This is not technically a rising wedge. I drew a triangle to demonstrate the divergence + unsustainable support curve.
I love Bitcoin man, Don't get me wrong with that... BUT I have been around long enough to know when something bearish is in the air.
Sorry CryptoTwitter, I know you are very bullish right now, Sorry Elon......
Please be sure to buy the dip so we can all aboard the moon-ship again.
Thank you.
- Stay profitable
- Dalin Anderson
Supply & Demand (buy low, sell high) weekend shakeout (BTC)Good late evening traders,
We've now increased by a price of $4000 since the previous ATH and are still afloat, however it is the weekend and this is the time when mind games are played and potential shakeouts occur within the market.
Stay safe, and have a great weekend, also please hit that like button to show support if you'd like more daily/weekly content as it helps the channel grow! 👍
Bearish pullback within 72 hours ($52,777) BTC (1 fib)Good evening traders,
Within 72 hours we should see a pullback to $52,777 give or tack a few hundred bucks.
I'll then be entering a leveraged long position (very low) to new ATH's and $55,000+ towards $60,000, and then $70,000+.
Exciting times coming for bitcoin traders & investors!
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reason for kind of large pullback in ES. This is reason for pullback in more diagram form. I am short from 3902. I took more large position because of potential and I stay in until I eather take half profit at 1st support or I get stop out. I won’t let this one go early.
XAUUSD SHORTLooking to short Xauusd to support then look for long entry. patiently waiting for entry.
Tell me what you think. I tend to keep it short and sweet.
Fool me twice short ES again.Well I’m doing to try another short right here on Es. I were stopped out early today but this being the very entry I take earlier. The same rule apply as earlier. But hidden bull is here, but I think it may passed by.
Below center regression
Fast hull sharp down
Slow hull go down
Below 3.5 ATR
So let’s,see if I win these time. Like saying before, careful ES making you look like fool these day.
XAUUSD analyseThis is a point where we can see if ot is going to fall further and break this strong support level. Or it is going back up.
Let's see and what is your vision let me know.
Bitcoin to 60kIt seems like the divergence forming up for a while both on daily and 4h charts will be respected and will cause a correction and an accumulation before BTC goes to 60k. Might be a good chance to load it up and get ready to roll!
This is not investment or trading advice but purely a personal opinion.
Go short on oil.I know gap not fill yet but I feel this is exhaustion gap. So even though I do not like to taking trade before gap this might be exception to rule. Look at volume on big candle after gap. This is good sign. Also indicators overbout, and though this can stay for a long time I think ready to drop.
8 wave (elliot wave theory) complete downtrend (BTC) $44,444Good afternoon traders,
Just thought I'd post this last chart with the community before the daily close in just under 3 hours and then later this evening when Asia wakes up, and usually sells off (or during the night time for EST)
Will update part a, b, and c once this 5th wave is complete as certain levels have to hold for this scenario to be met and at this point this is just an idea, and any downwards pressure will confirm it within the next 24 hours.
The target is $44,444, if all conditions are met and line up accordingly.
Please get this technical analysis to 30+ likes to unlock more content! 👍
NEXO/USDT 12 Hour Chart Looking into Alt Season 2021In this idea we see Nexo is falling to support and will start climbing in January. This is confluent with my chart of Bitcoin where Bitcoin will fall into a consolidation region approx January 14th. once Bitcoin has stabilized we will enter a 1-3 month alt season. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.
Potential 14.1% pullback (market structure/rising wedge) BTC Good morning traders,
Considering the thought we may see yet another pullback after rejecting from the psychological level of $50,000 is never a bad idea.
A 14.1% pullback from the current ATH (just under $50,000) would bring us back to the previous ATH, which would be nothing more/less than a retest for structural integrity purposes.
Greed/fear level is currently at 93, yesterday it was 95 (only a -2 after a $5000 decrease in price) which is also alarming.
Funding is currently 0.1392, and predicted to be 0.1590 (funding is still high, and after breaking down from the mini rising wedge in my previous post it wouldn't surprise me to see this bigger rising wedge playout the same way we've seen many other one's in 2021 play out.
Target #1: $44,444 & will post attachments/updates letting everyone know what I'm doing
Summary: looking for a pullback to either validate support at lower levels, or continue the downward pressure towards the current target.
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A Most Needed Correction and a Littke AscendNot much remains to say. Completion of current wave at 53620 and a consequent correction to 42120. Afterwards, two scenario may happen which both lead to the same price: 59945.
GBPAUD SIGNAL - WEDGE PATTERNCan see the support level is quite strong for a while, it has been tapping few times so the support level can become more weaken? There is 2 ways either the price will break the resistance level or the support level, Wait for the price action to make entry.
Trade at your own risk.
my Btc ideayouwin is here
i hope
Hope for the future
It's coming soon enough
How much can we achieve?
Hope for the future
It will belong to us
If we believe
If we believe
then it's okay :)
Bitcoins are a bear to Tesla sympathyIt is a commonly known fact that cryptocurrency is a blatant attack on earths climate.
It is also a commonly known fact that Tesla's aim is to get the fossil fuels out of transportation.
Therefor Tesla Inc should NOT engage to buying any form of crypto currency unless it is solely mined and powered by renewable energy.
If not, sympathy for this company will drastically drop and it will lose many of its "commonsense investors". They might seek refuge to solar,wind, drinking water and hydrogen stocks.
What would be the next price target if Musk pushes this brainfarth?
Also, what if this is just a scheme to troll Bitcoin investors and Tesla Inc short sellers? Both would suffer immense loses if it were to be a joke after all...
Trading volume is low these days. How long will people hold their breath before deciding to go or stay?
