Charting on the fly - Elon Avax Toko - Learn how to chart & TAIn this video:
* I chart a few altcoin suggestions on the fly
* I teach you how to spot patterns, draw Fibonacci retracements, draw trendlines, and other basic technical analysis how-tos
* I review the value of doing technical analysis vs. news reading
* Elon, Avax, and Toko coins are reviewed.
* It's altcoin season ya'll
Technical-analysis
AMC - price is correctingThe price is in a corrective area right now. It can retrace a bit more as marked on the chart.
2 Possibilities :
1. The correction can either be a triangle (in this case, we can see an upside soon).
2. The correction will unfold into a zig zag and we can see more downside, before the price will start to go up again.
In this chart, the second possibility is presented.
The Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Have a beautiful day! :)
ALICE bull and bear scenariosHello everyone, hope you doing good.
* This is not a financial advice, use the idea with your own strategy and risk management *
Few days ago, I wrote an idea about ALICE and shared with you a great setup ( Hope you didn't miss that one )
as we reached target 4, now we have to figure out whats the next move, as you can see in the chart below, we have a trend line that price has been rejected many times before and we are getting closer to it, two scenarios are also drawn on the chart below :
1. Green arrow = Bullish scenario : in which we break out of this level and since there is no actual resistance I think we will have a ride to ATH
2. Red arrow = Bearish scenario : in which we will get rejected once again and have a ride toward bottom
be patient, watch how price will re act to some certain levels, if you saw weakness it would probably mean that we are going to go down, but if we broke the trend line with a good bull candle, its most likely a bull market.
good luck !
I'm writing about most of crypto currencies;
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* This is not a financial advice, use the idea with your own strategy and risk management *
ALICE technical analysis - Daily chart -Hello traders, hope you doing well.
* This is not a financial advice, use the idea with your own strategy and risk management *
Alice broke the green trend line ( uptrend ) and from there, formed a channel that we are currently in, by breaking this channel, there are targets on chart based on which side will break;
Red lines are short targets ( if we break the bottom ) * Which I don't think will happen *
Green lines are long targets ( if we break the top )
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldn't miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
* This is not a financial advice, use the idea with your own strategy and risk management *
Daily Crypto Market Update - Still Neutral to Slightly BullishIn this video:
* I put a pulse on our crypto market
* I run down a good number of altcoins
* I summarize the current market temperature through correlation of this data
* I show some bullish altcoins that are worth considering entry into.
ETH 4h technical analysis Hello everyone, hope you all doing good. I'd like to share with you my opinion on ETH.
* This is not a financial advice, use the idea with your own strategy and risk management *
as you can see, we had a good channel in 4h chart, and with crypto market crashing, we broke out of it.
it might still be a false breakout and stop loss hunt for a bigger ride but we have to consider everything.
here you can also see weekly map on chart, to clarify what a weekly map is I gotta say it marks highs and lows of each week and lets just say price likes to go back to these levels. considering that, I have marked all the supports that price might pay a visit with red lines which are 3884,3679 and 3369.
I'd like to see some strong bull candles on support zones, and I have two possible scenarios on this chart which are also drawn on the chart.
and my first target would be 4460.
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldnt miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
* This is not a financial advice, use the idea with your own strategy and risk management *
$MANA - META Boom$MANA is looking very strong and as we continue to see further investment and speculation around the Metaverse Decentraland will only gain in popularity in the near-term!
Technically we see these technical support and resistance levels which we will bounce off off to the upside - Who is with me?
USDZAR big move incoming !Hello everyone, I hope you all doing well.
I've been watching this pair for months now, it has respected technical price action very well so far, we had this huge heads and shoulders formation ( shown on chart ) in which we broke out yesterday successfully, I believe once we got here there is no going back.
* This is not a financial advice, use the idea with your own strategy and risk management *
I personally like this very much. check it out for yourself ;)
I'm also writing about most of crypto currencies;
Follow me on TRADINGview so you wouldnt miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
* This is not a financial advice, use the idea with your own strategy and risk management *
SAND in danger !Hello traders, welcome back.
* This is not a financial advice, use the idea with your own strategy and risk management *
I published an analysis on Sand few days ago, explaining what has happened and what is probably going to happen, you can read it here :
anyways, I explained that we would probably hit ATH once again, as we did so, its time to decide;
Currently price is forming a doji candle stick on daily chart and an engulfing bar on 4h chart, for daily we need confirmation of todays close and tomorrow.
but as we hit ath we might form a double top which is a bearish pattern.
I wouldn't recommend any buy or sell order here, all I wanted to warn is that this thing might go down so save some profit and put your sl on breakeven to prevent from any loss.
* This is not a financial advice, use the idea with your own strategy and risk management *
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldnt miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
Cardano ( ADA ) 4h chart analysisHello traders, I hope you guys doing well.
* This is not a financial advice, use the idea with your own strategy and risk management *
Cardano been in a downtrend for so long and lets say last few weeks weren't its best days. Cardano has strong fundamentals and is a good project so Im willing to see some good moves from it.
as you can see we made a new low today, near 2 weeks ago low, we are currently on a support zone, this zone has been acting really strong so far. I believe we should start moving toward higher prices soon and we should breakout of channel eventually.
* This is not a financial advice, use the idea with your own strategy and risk management *
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldnt miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
Shiba inu Flag Pattern (continuation pattern)Shiba inu is forming once again a flag pattern and it's about to be complete. Once the upper line of the triangle clearly broken, their will be a high probability chance for it to reaching 0.0002 levels. But if it closes under 0.000045 this analysis won't take effect.
ADA buyLooks like a strong buy on ADA. Just broke out of a downtrend and looks like it's retesting the support area again. Also, BTC recently had all-time highs but quickly dropped. So after BTC recovers and will keep pushing up, I believe that ADA should reach a 3.5$ area quite quickly. My prediction: 3.5 USD until 2022-01-30 (about 70% gain from current price).
Not financial advice.
Zilliqa daily chart analysisHey everyone, I wanted to share Zil technical analysis with you for a while, couldnt find a chance.
it seems pretty bullish to me.
We have been making two rounding bottoms, we also had a cup and handle formation, and we are currently at the bottom of an uptrend channel.
Take profits are marked with red line on chart but Im writing them down again :
Tp1 : 0.13659
Tp2 : 0.15557
Tp3 : 0.20670
Enjoy !
Comment your opinion bellow.
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GRTUSDT technical analysisHello everyone, lets quickly get into GRT analysis.
it has been shaping two rounding bottoms for a long term, we have had a good run from bottom to major resistance ( black line ) on top ( which is about 80% up ) and it was kind of a cup and handle pattern. I believe as we reached on top of the black line resistance, we have now a lot higher to go.
we are currently under 1.32 resistance which I believe will break soon, and after that my tps would be:
TP1 : 1.52
TP2 : 1.75
TP3 : 2.21
TP4 : ATH
Remember, its just an analysis use it in your own strategic ways.
Good luck everyone and have profitable trades.
XAGUSD, 4h analysis Hello everyone, this is my first idea which I'm sharing, its just my opinion and I'm not much of an expert here so don't rely on it much; less being said lets get into it.
So I have pretty much labeled everything on chart, but to explain it more carefully I will write everything down.
we have been in a long down trend which we broke out and price been rising since, by hitting the neckline resistance zone, we had this correction which can also be considered as pull back to breakout zone.
as you can see there is a good support zone below the neckline which price showed reaction to and bounced off a little bit and stopped us from going further down.
I believe the bigger uptrend is starting and we are about to see some rises in price in near future.
if price continues to go up to retest the neckline, it will complete a heads and shoulders trend reversal pattern.
with that being said, my tp zones will be :
TP 1 : 23.45
TP 2 : 24.13
TP 3 : 24.58
Let me know what yall think in comment section below and good luck in your trades.
MRNA, Aaron Rodgers, The Packers, Vaccination, and TA Oh My!In this video:
We discuss current Moderna sentiment
Aaron Rodgers being un-vaccinated
The use of additional tools to measure market sentiment
Google Trends as a Lagging Inverse Correlation Indicator
Go Pack Go!
Link to Pat McAfee Show:
youtu.be
Realistic path to 100k BTC From a fundamental standpoint, typically when there is a negative correlation between funding rates and price action the price continues in it direction until funding resets. Currently on the most recent dip from 63k funding has been on a general uptrend. This suggests that we are likely to head lower before getting a significant bounce. Leverage needs to be flushed out and BTC needs to dip in order to grab liquidity and head much higher.
Technically speaking, price action has been traveling in a tightening range forming a symmetrical wedge. Depending on how the support/resistance lines are drawn some may say price has already broken down; however recent price action has carried no volume nor significant volatility so this suggests a high probability of still being within the pattern. This wedge has targets of either 75k or 48k depending on the breakout direction. Symmetrical wedges are considered continuation patterns so the likelihood of breaking up is higher, but taking into account the high amounts of leverage and general lack of interest in the market currently, I believe a fakeout to the downside will occur before an upwards breakout. Based off of the Volume Per Volume Range (VPVR) significant support lies between 56k-58k and this is where we likely get a massive bounce.
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Market Sentiment Divergence Between The Feds and ECBDuring the FOMC press statement, there is an irrational reaction from the market. The market anticipated $10 billion reduction in bond purchases and the actual figure came out $15 billion. Even though the fundamentals supported the EURUSD bears, the market shot up. However, after the market calms down, the direction was as anticipated.