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Technical_analysis

Don't miss opportunity for long position ETHhello guys we have a very good opportunity for BTC long position it's funny because in my personal opinion I think ETH will rise up a little from here but the chart tells us it will fall. Logic says to rely on evidence all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
1
Bitcoin TA from 2010 to 2022 - Based on previous Patterns/cyclesAs I said I will post an idea different from Elliott wave theory. Not a financial Advice, this is my personal opinion or idea. This Bitcoin Technical Analysis is purely based on studying its own previous trends/cycles and predicting the future cycle. This is not based on Elliotte wave Theory nor am comparing it with DXY or S&P or Dow, next time I will make an idea based on correlation with DXY/Dollar. Before proceeding I will tell an interesting story " The Story of Zombie and chickens". A lazy zombie maintains the chicken farm, since chickens grow and breed faster so the numbers are keep growing n growing. Throughout the year zombie keeps eating chickens and he keeps growing bigger n bigger. Since the zombie is very lazy, he needs help and maintains a dog to look after all the chickens. As per now for every 4 years or so zombie gets seasonal disease and to get recover himself, he eats chickens in a massive number, not all though. Dog also keeps eating for his survival, but after all its dog, so when the dog gets older and unable to handle the chickens, zombie appoints a new young dog to take his place. The conclusion of this story is "Zombie never dies and keeps growing n growing, chickens are born kill and the dog keeps replaced by a new dog". Ok let's proceed with our Analysis. Different traders visualize the charts in different ways based on their own perception. Chart is the emotions of all traders, it's like map of treasures. I see many people use trend lines, Fibonacci, moving averages, Ichimoko or other technical indicators and many other. Even I use many of these, but for this am not using averages or Fibonacci or Ichimoko. Am using RSI and money flow index indicators and triangle pattern for this. 1.Explaining the Patterns or drawings which I created: Chart patterns in longer time frames, price moves in waves or some kind of curves rather than straight lines/trendlines. I made some concentric circles where the price is respecting more (basically support n resistances), that doesn't mean the price goes in a circular fashion and goes back to its origin - zero. Always trend breaks (upside or downside) so may be at some point of time it may break out this circular channel and form a new trend of circles. I created the triangle pattern in this way --> (A)previous ATH-> to ->(B)current ATH-> to ->(C)lowest bearish Point-> to -> Highest counter move). For each Bull of Bitcoin (with in 2yrs or so), it is forming a kind of symmetrical triangle with ABCD waves inside it. (Symmetrical Triangle pattern --> Breaking out of the pattern --> new Bull or new Triangle pattern again). 2.Observation and conclusion taken from the patterns: After deeply observing the previous 3 symmetrical triangles of Bitcoin-Green, Blue and Purple. I was wandering how to make the current pattern. The information I have is (previous ATH 20k (point A) + current ATH 70k (point B) + I took 15500(point C) as temporary Bottom. The conclusion is Green + Blue + Purple triangles are symmetrical in shape. (Symmetrical triangles are mostly bullish and breakout upside not compulsory though). But for the current cycle, bitcoin is making is Descending triangle. Descending triangle patterns are generally bullish as well as bearish depend on where they are created. (At the Bottom OR At top of the cycle). As of now it is at the top (so this means there are chances it may breakdown from this Descending triangle). What I observed is cycle after cycle the width of the triangles are increasing and the height is getting decreased, technically what does this mean? what I concluded is the move of going sideways is increasing and the momentum or motive of going up is diminishing/normalizing. (So, this means there are high chances Bitcoin may move less upside and may go sideways or down). One more thing I observed is after massive move/action of correction of every cycle (Bitcoin Bottom) there is counter move/reaction (Point D of the Triangle). Generally, the point "D" of every cycle is laying above the top edge of previous symmetrical triangle (the sky-blue horizontal arrow lines). (So based on the above observation I took the "D" point at 50k as counter move/reaction for current cycle/Descending triangle, also, it is coinciding with the concentric circles which I made). 3.Final Conclusion, studying the current Descending triangle (Red)/Probabilities: After over all study, this is my Personal Opinion: 1.Current correction is so massive with in short period of time, considering previous counter rallies and currently bullish Divergences formed in RSI + MFI taking into account, so high possibilities that there can be a counter rally up to 50k or more than that. 2.I don't think current low 15495 is Bottom for Bitcoin. May be temporary Bottom or it may go little lower than now creating 2 layers of bullish divergences in RSI (for temp Bottom). (Technically current pattern is Descending triangle, so high possibilities that Bitcoin may make lower low (another low may be 13780) after the counter rally. to my guess Bitcoin may put its lower low after the Halving). 4.Probabilities of next Bull/cycle: case1: After Bitcoin making lower low (may be 13.7k), this is the situation DO/DIE for Bitcoin. If Bitcoin manages to break out of this Descending triangle similar to previous moves, it can put a new ATH (for another decade Bitcoin may trade between 19k to 160k). case2: Since current pattern is Descending triangle, if Bitcoin fails to breakout from this channel, there are high probabilities that it will break down. If Bitcoin Breaks Down, most likely it will reset itself from over all cycle right from 2010. (This scenario can be same as my previous Elliott wave theory which I already shared.) Am sorry my Technical Analysis looks little complex; I hope I explained well. Thank you.
BNC:BLX
by nmchary
2
$BNB - Through the hollow lanesHello my Fellow TraderZ, All this FUDs seem to be working properly for the #BINANCE Haters. But the question is that, will this collapse like $FTT. Reminder that I am talking about the Token not Exchange. Look, $BNB is going to test its last major support of $180-190. Breaking would taking this one to $120-130. Although the major support is still $40. Keep your bid around these levels. Honestly, chart showing disaster for #BNB. Only current nearby support & CZ could save this massacre. Lets see. Happy Trading. CHEERS!!!
by TRADER-GOKU
Don't miss opportunity for short position ETHhello guys we have very good opportunity to ETH short position as you have see trend line has broken and after pullback you can open your position all you need to know is in chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
BTC/USDT Binance technical analysisHello, Today I will look at the BTC/ USDT pair on Binance in the 4h timeframe. The demand zone is sitting around 16K, and the supply zone is around 17K. I can see that the descending triangle is formatted, and I am expecting that the price will go downward from its current position. I am expecting a downtrend, bearish movement, and the price of Bitcoin to go down to at least $16200 in the next few days. Even if we had some small uptrend situations in the past few days, we are still in a bearish cycle. If the opposite happens (a bullish movement), we can expect the price to rise around $18,000, but I doubt it. Enjoy & have an amazing day! BF
Short
by elfabiiani
6
$FTM - doomed in Lower TimeFrameHello my Fellow TraderZ, In my previous analysis about $FTM on Daily, I made a cautious statement regarding its PULLBACK to test the EMA55 on Daily at the least. If you see here on lower TF, price has broken the support TL. So, I am expecting a slight above move to retest the broken TL(looking at S.RSI) and continue the down path. BUT If the price reclaims the TL then this down move would be a FAKEOUT & price could once again tend to retest the Major above TL(Daily). Be patient, anyside $FTM will move rapidly. Happy Trading. CHEERS!!!
FShort
by TRADER-GOKU
4
Bulls and Bears zone for 11-30-2022Market has been trading in a range second half of November which could be that traders are very cautious about this rally. Today, any test of yesterday's RTH session Fibonacci 50% range could provide direction for the day. Level to watch 3968 --- 3966 Reports to watch: US:Chicago PMI 9:45 AM ET US:JOLTS 10:00 AM ET US:Pending Home Sales Index 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET US:Jerome Powell Speaks 1:30 PM ET US:Beige Book 2:00 PM ET
SP:SPX
by traderdan59
S&P 500 Bullish Outlook for 2023SP:SPX Inflation has peaked. Leading indicators point downwards. US Economy is relatively Strong. Soft Landing? Positioning and Sentiment is very bearish. FED is signaling a slower Pace + they are closer to a neutral rate. EPS have been downgraded so that there are room for surprises. Valuations look fair in a historical context. Bear Market trough was at -27%. (Median Dradown in a Bear Market) Correction might be over. Institutional Investors are net short or in cash. China is easing its covid 19 restrictions.
SP:SPXLong
by UnknownUnicorn11189415
2
#USDSGD long#midterm trading idea as you can see price recently test a very important static support area which has been tested 3 times before from above. price took out liquidity from the lowest low of 3 bounces and failed to close below an arrow that we have on the chart. also if you check weekly timeframe you can see also price tested a 200 EMA as well and didn't close below EMA neither. for taking this position: 1- we need a bullish engulfing candle which shows that bulls are back. 2- a bearish corrective to test supporting area 3- taking a position in direction of the primary trend which base on DOW theory is still intact and we still dealing with bullish market. it is important also to have a look at DXY chart to make sure it holds above 104.620 trading idea is invalid if: 1- price close below 104.620 on DXY on Daily timeframe 2- price close below 1.3659 on USDSGD on Daily timeframe
Long
by mohemati
#EURCHFanother similar selling opportunity like what we have on #EURJPY. again we have bearish impulsive which is followed by a corrective bullish move, showing that price have an intention of more downside move, but in order to do that price needs to take out liquidity from somewhere. so in order to short this pair following things need to happen: 1- price comes up to reach the arrow which also is a static resistance area 2- price fails to close above the arrow 3- lower timeframe price structure shift to bearish. ( in lower timeframe price fail to create HH or HL and turn downside)
Short
by mohemati
2