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Technical-analysis

Gala complete analysisHello traders, welcome back. I hope everyone is doing good. I decided to write down about my own watchlist during this unstable market, this way you can have a solid strategy on how to react in certain scenarios. during these series of Idea I will be talking about how the charts are looking, support and resistances and also what to expect in short, mid and long term. * Keep in mind this is not a financial advice * Gala had rose real high, after that big bull run we had a quite good correction in price ( Orange trend line ), recently price broke out of the trend line, did a pull back and went up for around 30%. as you can see, I have market two major support zones, in the previous market crash, we touched the lowest one which was a great entry, now what expect is that we will be in this range for a while. if you are willing to buy this crypto, two support zones are the best place to have a buy order : I believe we had our first leg up and now there is one more leg left, so my long term prediction would be 1.17$ Good luck don't forget to like and subscribe ;)
Long
by Algo_Analyst
2
Bearish on Bank Of America (BAC)This is my first time publishing any analysis and I have also not been analyzing charts for to long. This post is more so looking for feedback on my analysis, but if it helps others, then great. That being said, I am confident in shorting BAC as a result of the bearish indicators shown in my chart. For one, it is hovering above a support level that I think needs to be hit before BAC rebounds. My other reasoning is the the 50 day and 100 day moving averages are crossing. The third reasoning shown in my analysis is the "Bearish Cup and Handle Pattern." Also not drawn in what I believe to be a bearish pennant pattern. These reasons are why I have a bearish bias on BAC. As I said before, I am new to this, so any feedback would be MUCH appreciated. (Not Financial Advice)
NYSE:BACShort
by inactiveaccountdontfollow
1
TLM setup suggestionHello guys, welcome back. I think TLM is at the bottom right now, considering that BTC might fall a bit more we might see price going further down. Everything explained on chart, as you can see we are in a channel right now, stop losses are also pointed out. Its not a financial advice, just a suggestion. Be careful and good luck. Follow me on tradingview for more updates and check my profile for other social medias. Comment below your idea. Don't forget to like ;)
Long
by Algo_Analyst
This is where I start looking to re-enter - 42-46kHi Traders, A non-video post for you all here. Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again. Time, price, pattern. That was the time aspect. Now onto price and pattern. We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon. Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen. What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again. Stay tuned and until then, trade safe all! -Stew
INDEX:BTCUSD
by stewdamus
1
Bitcoin clean chart explanation.Hello guys, welcome back. today I'm planning to share my analysis on bitcoin, lets see step by step what has happened so far and then we can predict what might happen. please keep in mind, its not a financial advice, we are just trying to find a good insight on price action, I strongly suggest to keep calm and not fomo specially in these days, be very careful and always have a risk management for your trades. Here, you can see that we had this down trend from 14 Apr till 21 Jul, this big correction started as price tried to reach for higher highs but showed weakness everytime. at the end of this downtrend, we had two important support and resistance level which made us this beautiful price accumulation. as you can see as price broke this level, we had a ride toward 53k resistance zone in which we got rejected from and from there, we came back straight to support zone. by break of 53k support zone, trend continued to reach previous high and also make a new ATH, and then another sell started which caused the price crash to 53k support zone : by break of 53k support zone, we went straight down to 40k, now some might say its a market manipulation or anything like that, but the thing is its still meaningful in price action, so from now on we can expect two things; the last time price reached 40k, it was with a huge candle ( pretty meaningless ) and priced bounced off right away, we certainly did break the 53k support, but we are not sure if we are done with retesting the 40k, so price has 2 places to visit A) 53k resistance Zone - B) 40k support zone. so be prepared for both of them ! also, the price action on 40k zone showed so much bull strength, this means there is a very low chance of price falling below 40k. what I personally expect is something like this : Don't forget to like and subscribe for more updates. Let me know what you think in the comment below. Good luck ;)
by Algo_Analyst
2
Sand complete analysis, 2 scenarios Hello and welcome back everyone, I hope you guys doing great. Sand has been very popular lately, so I decided to write a complete analysis for you guys based on technical analysis, few days ago I also gave you guys a trade idea. with less being said, lets get into it; looking at 2h timeframe chart, you can see that price has bounced off of the green trendline 2 times before ( marked with red ) and we are currently on the same level again, now the thing is that, we can also see that volume is not enough right now ( unlike last 2 times ) but if we see some volume here, price might bounce off once again. On the other hand ! we have a double top price pattern on chart, as you might already know, double/triple tops are trend reversal patterns that in this case might lead us to a correction, you can also see the orange neck line on the bottom which also gives us a very vital support zone. now what to do ?! Well my friends, let me be honest with you, there is literally no one in the world that can tell you exactly what will happen so what you will have to do is to put all these information together and wait for confirmations. to summarize and explain how to enter different scenarios : 1. The bullish scenario : ( more probable ) we have this support zone, marked on chart between 5.7 - 6.2 $, you can DCA here and put your stop loss below the neckline, or also wait for the yellow trend line breakout and confirmation. 2. The bearish scenario : by break of the green trendline, we might see a pullback and then a break from the neckline, you can short into it with confirmations on pullback and then break of the neckline, and the target would be 4.6$ please keep in mind, its not a financial advice, you are responsible for your trades, do not enter any trades without risk management, Let me know if this was helpful and comment below what you think. also don't forget to follow for more updates.
by Algo_Analyst
2
Crypto market, Full analysis, ( DOT, XRP, GRT, BTC included )Hey everyone, this is not a normal analysis, I fairly believe this is going to happen but keep in mind I might be wrong and have your own risk management, ( ITS NOT A FINANCIAL ADVICE ). Looking at crypto market total cap, we can see that we have formed a channel, now as you can see I also marked 3 dates on chart, in which price hit the bottom line, now lets see what exactly happened every time we did that on other coins. BITCOIN : DOT : and etc ... as you can see, its equal to the bottom, and guess what, I believe we are currently at the third bottom and the next bullrun is about to happen. Now there are some coins that didn't do the same thing, They didn't fall but they also didn't have such huge bullruns, such as ADA. what to do now ? well its simple, analyze the coins themselves, check for bullish patterns, see if we are currently at a buy position or nah, then if we are, there is a high chance for a correct setup and we if are not, just leave this one and find sth better. Examples : lets take a look at GRT: well as you can see, we are currently in a channel, we have made a good rounding bottom, everything looks bullish, there is a resistance line ( Drawn with black ) and break of that level means a big run, so everything is pointing us toward top and we just need a catalyst, well I just told you there is one based on market cap, hop in ! another example XRP : we had a channel, we broke down, we also had a trend line ( green line ) we broke that down also, it doesnt mean that this thing is going to go down, but there is a bearish energy around this crypto, so we just move on, XRP is not looking good for this technic. You can set this up for yourself, Analyze the coins yourself or even ask me to do it for you, I will gladly help. Again, this is not a financial advice, just an IDEA ! Like and comment below what you think. Don't also forget to follow me for more updates.
CRYPTOCAP:TOTALLong
by Algo_Analyst
1