BTC_[Daily]_Trendline Resistance Broken BTC_ _Trendline Resistance Broken
Price within Parallel Channel (Top)
Correction until channel bottom is possible
Price on the way to reach AB CD target (102,300)
Support and Resistance
Potential outside week and bullish potential for RRLEntry conditions:
(i) higher share price for ASX:RRL above the level of the potential outside week noted on 11th October (i.e.: above the level of $2.20).
Stop loss for the trade would be:
(i) below the swing low of 9th October (i.e.: below $2.00), should the trade activate.
Potential outside week and bullish potential for RMSEntry conditions:
(i) higher share price for ASX:RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 27th August (i.e.: below $2.02), should the trade activate.
Potential outside week and bullish potential for MKREntry conditions:
(i) higher share price for ASX:MKR above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.029), should the trade activate.
Are we in the accumulation area?
We created a box in the daily time frame📦
Break entry point 0.754
Let's say it is safer than 0.715
0.715 is more risky, but we can get more r from it. I myself prefer 0.715, I'm just waiting for another reaction, so I can be more confident.
The reaction must be weak
Teaching tips
You may ask how do we understand that the reaction is weak?🤔
1. The size of the candle should be smaller
2.The volume during the reaction should be reduced
3.React less than the previous encounter
I use these things to confirm trend weakness
If you want me to analyze a coin, tell me in the comment🫡
⚠️ Do capital management to survive ⚠️
Tether Dominance UPDATE (4H)Due to the US election and the heavy decline and rejection, Tether Dominance is expected to reach the lower support range.
Support and resistance ranges are marked on the chart
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin Roadmap==>>Correction SignsBitcoin ( BINANCE:BTCUSDT )is moving near the Upper line of the Ascending Channel and Potential Reversal Zone(PRZ) , which acts as a Resistance line .
According to the Elliott wave theory , Bitcoin has completed main wave 5 with the help of Ending Diagonal , and we should wait for Corrective Waves .
Note ( Education ): The Ending Diagonal is the Rising Wedge Pattern in terms of Classic Technical Analysis .
Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI and Volume Indicators .
Note : Since trading volume is usually low on Saturdays and Sundays , we can expect the main corrective movement to happen at the beginning of the next week .
I expect Bitcoin to have a corrective trend in the coming week , considering that there are attractive volumes for liquidating long positions at lower prices , as well as the technical analysis that I talked about above. Of course, from November 13 to November 15, important indexes will be released from the USA(Core CPI m/m, CPI m/m, CPI y/y, Core PPI m/m, PPI m/m, Unemployment Claims, Core Retail Sales m/m, Retail Sales m/m) , which can impact Bitcoin's main trend .
⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Pivx to regain it's strengthPivx is in an absolute oversold status right now.
All indicators at the bottom, watch the blue lines i put in.
Interim Goals are located with the 2 blue arrows according to 80% or even 125% plus on that coin.
Binance gives a 5x margin so could get wild pumps up and down.
Even give it a look at the Pivx/Btc pair, aswell oversold and a local quick gain of 11% is easily possible.
Trade safe
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I'm bullish on $GRASS
if it can form an impulse up here and break 3.40.
Has been pivoting at the levels I have labeled in the previous charts...check my profile.
There is a swift reaction here but it appears to be a Zig Zag correction down atm. So here I am looking for an impulse up for a possibility of continuation.
3.40 is a key component here as well. If it rejects, it could lead to a deeper retracement.
Trade Safe,
Trade Clarity.
Bitcoin update. So my first area I amended and I was stopped out but got back in. Price didn’t close out of the area. Then got in and rode the wave back to 77k. Holding til I see any reversal..
$ASM time to go long?AMEX:ASM has corrected 90% since it's move back in February. It's now sitting at support and looks about ready for it's next move higher.
The risk would be a possible move down to the lower support around $.014 (around 15-20% more downside), but the reward would be a move up to the $.053-$.178 resistance (200%-900%+ increase).
Let's see how this plays out over the coming weeks.
Tyson Foods TSN Herd Mentality Bounce on Bottom Trend LineHello Traders,
Here is my chart for Tyson Foods TSN. You can see the price is bouncing around inside a rising wedge and is about to touch the bottom trendline. The RSI is oversold with bull div. I expect a generic herd mentality bounce on the trendline with a target being the top trend line.
Lets see.
$ASM inverse head and shoulders?AMEX:ASM is forming and inverse head and shoulders bottom. If price can break above $.042, then we should see a large continuation higher up to one of the resistance levels above.
I could see the move reaching the $.12-13 area before it sees some resistance.
Let's see how it plays out over the coming weeks.
Entry at .0303
$MASK ready to break massive downtrend? Targets $6-15?SEED_DONKEYDAN_MARKET_CAP:MASK has been in a downtrend since 2021 and it looks like it's about ready to have a large move up.
If price can break the trend line and the $3.60 level, then we should see price move quickly to one of the resistance levels above.
Entry: $2.77
$AEROUSD to see new highs?SPARKS:AERO has just broken above the downtrend line that has been in tact since April 2024. Now price looks set to move much higher.
If price is able to break $2, it should see one of the resistance levels above.
Let's see what happens over the coming weeks.
Entry: $1.48
Time to APE into $APE?Ape is looking extremely bullish here. You can see price has been consolidating in a downtrend since 2022.
Now price looks set to break upwards.
On Oct 22, we saw a strong move with high volume into the trend line. The next move up into the trend line should break the downtrend and move towards one of the resistance levels above.
I entered at $1.09.
AVAXUSDT.P / M15 / LONGAVAXUSDT may rise from the Bullish Order Block
Pair: AVAXUSDT
Analysis: Smart Money Concepts (SMC)
Trend: Uptrend
Bullish Order Block: 28.363 - 27.832
AVAXUSDT is showing a strong uptrend, and I’ve identified a Bullish Order Block between 28.363 and 27.832. Price may potentially rise from this order block as it serves as a support zone for buyers. Given the bullish trend, taking a direct entry with a small lot could be favorable, aiming to capitalize on the trend continuation.
There is a high probability that this trade will end in profit, provided the price respects this bullish order block. Let’s watch and see how price action unfolds. I’ll update the analysis as necessary!
AVAXUSDT.P / M15 / LONG
LEVERAGE :- 25X
Entry Price :- 28.363
Take Profit :- 29.831
Stop Loss :- 26.895
EURAUD bullish viewEURAUD has an opportunity to initiate a bullish recovery in the coming days. A return above 1.63500 would be a great move and confirmation of our scenario.
Incoming 50% collapse to $70 for AirBnb“Airbnb a tech company and its founder and CEO Brian Chesky isn't shy about that.”
source: hotelsmag.com
It’s an online letting agent!
A $86 billion one at that. Feels like WeWork Déjà vu all all over again. A landlord with a cool name and a website now becomes a tech company.
AirBnb was always on my list for accommodation searches when travelling. Today a hotel is almost always my first choice, even if that is for a stay of up to 10 days.
What changed?
1) Affordability. I draw the line when the cost of a mediocre “key-code” to enter AirBnb accommodation matches that of a 4 or 5 star hotel. I don’t know what hosts are thinking. One possibility is servicing overstretched mortgage costs.
2) Gentrification. Affordable housing has been swallowed up by landlords as they exchange from longterm to short term holiday lets in the pursuit of more money. The landlords can’t be blamed when interest rates have been so low, but the effect on city centres is evident. One city centre I visited a few months ago, the whole townhouse was AirBnb’d divided into several units. Depressing.
I think we’re now on the verge of a swell of those Landlords selling up as it becomes clearer with each month there are easier ways to make money whilst not holding onto an overpriced asset.
If I’m correct, the selling pressure will ultimately impact the business model, charging overpricd fees. Speaking of fees..
3) Cleaning fees. Don’t get me started.
Imagine checking out of a hotel “And your cleaning fee...”
The technical analysis
On the above weekly chart:
1) Price action and RSI support breakouts have printed.
2) Broken market structure. This is a perfect technical example of broken market structure confirming resistance from the last higher low. A trend reversal is now confirmed.
3) The Bear flag has confirmed. Past support confirms as strong rejection. Price action is forecast to strike $70
Is it possible price action continues to print upwards and onwards? Sure.
Is it probable? No.
Ww
EURUSD, Double Bottom with Bullish DivergenceDouble Bottom
Weekly Support Retest
Rejection candles Appeared
Bullish Divergence
Bullish Move Expected
Buy @ CMP
Stoploss Below double Bottom
Target 1:3 risk to reward
USDJPY, Daily Bullish ChannelBullish Channel
Crossed weekly resistance
Retest appeared
Buy @ CMP
stoploss below resistance area
Target is channel top
Upside for BlackBerry?Reversal pattern found on BlackBerry. Confirmation low on the three rising valleys pattern with huge potential upside.
S&P 500 Market Update + Trade Idea and process AMEX:SPY
S&P 500 Review
I would like to start off by saying my previous post from October 24 outlined this correction almost to the exact T. From $585 to 565. That is a 20 point move. I say this not in arrogance or self conceit but to provide context.
Combining Corrective waves
Zig zag / irregular flat/ zig zag (missing)
I believe we are still in a corrective phase in the market. For Ew followers I believe this would be called an irregular correction. it is a complex correction. I recently learned of this pattern from other great ew traders.
Starting with a zig zag correction
( A B C) \/\ down up down - picture a ball bouncing from a higher structure and gradually bouncing lower. Then it rotates into second structure this one similar to the first but more momentous down up down. If I am not mistaken we are near ending the second leg ⬆️ up. that means we should be rotating ⬇️ down next.
If I had to provide a Price target for the full last leg I would say back to 565 or lower.
Now this could be completely invalidated there has been so much volatile price swings, however the more you know the better you can prepare.
(Now the fun part)
One thing I find difficult about trading is all the information out there.
So many theories and data but yet it has no benefit to me if I cannot make a decision.
As a new trader I would say a great chunk of the information out there does not lead to decision making.
Trade framework💡
Let’s walk through a trade plan from start to finish. Assuming everything is correct where price goes in the short term is irrelevant. If it goes to $700 in a day doesn’t matter.
A) I would be looking for reversals.
1. Using candle stick patterns ie. bearish Engulfing or evening star patterns.
2. triangle patterns ie rising wedge.
3. Double Top (huge reversal at a set level) entry on second reversal / entry on third confirmation candle. Stop loss slightly above first candle level.
4 Head and shoulders pattern That is it!
B) I am targeting the areas of resistance.
Questions to ask yourself.
1. What are some areas price gapped up from but never revisited. (Mark out the gaps). Trading into those zones.
2. What were some major resistance level before and has it been retested as support? Mark out strongest levels.
3. Where would buyers lose confidence. This is contrarian trading. Trading against the popular view. If I was a buyer & price reversed on me where would I sell? These are the area you should be looking for major moves your area of opportunity. (Tight stop loss).
Stop loss should be tight.
Re-entry is ok.
Suffer 1000 tiny cuts vs a guillotine.
1. If price breaks above 600 & then fails I would be looking to open a short position targeting the 586 level. Multiple positions ie. open 4 positions
Sell one before $593. 2 at 586. Hold unto final position - to see if price falls further. Sell for profit if prices bounces hard. Look for re-entry.
#spy #500 #index
Will create a video to go over my chart.
NFA! Do what’s best for you.
