Technicalanalyses
⚡️BTC/USDT QUICK UPDATE⚡️Hello, traders welcome you all to this BTC quick chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
BTC broke above the falling expanding channel for one more time and printing a bullish picture here.
BTC needs to hold this level to print upside movement towards its upper resistance level of $24.4k level.
Candle close below or move down back inside channel can lead it towards its lower price level for one more time.
Let’s see how price performs in upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTC/USDT 1hr CHART UPDATE!!Hello everyone welcome you all to this exclusive BTC 1hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As we can see from the above-mentioned chart that BTC recalled its previous position after a sharp bounce of 13% from the lower green support level of $21k.
In the current scenario, BTC is about to face its local resistance level of $23.8k.
MACD also printing slightly lighten green bars and it's about to print a bearish cross over.
Here we can see a short pull back to lower levels and bounce towards the price level of $25k.
Let’s see how it goes in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
ETH/USDT 4HR CHART UPDATE!!Welcome to this quick chart analysis, if you find this helpful hit the like button and share your views in the comment section.
ETH currently forming a RISING CHANNEL PATTERN and trading on a support zone.
ETH needs to sustain this level and move upside towards the price level of $1200.
Here ETH also getting support from the black MA.
Candle close below the support zone or the lower trend line will lead ETH towards its lower levels which is $890.
Let’s see how ETH performs in the upcoming hours.
NOTE: This is not financial advice This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
my support and resistance & 0trend line and positions & analysisthis are the levels where you can make a trades or take a positions with respect to price action like if you like this technical analysis
1st wait for getting perfect rejection on and trendline SUPPORT / RESISTANCE
2nd wait or beak out OR rejection
there are 2-4 entry position on price action analysis 1st and 2nd mention on the graph analysis
there are many other confirmation
like EMA of 50 , 100 ;
analysis perfectly working on 15 min time frame best for SCALPING POSITION
Bitcoin Headed Retrace: Where do we bounce? NOTE: ZOOM OUT TO SEE ALL THE WAY BACK TO AUGUST 2021 to make sense of this
Here we are... in the mixt of the most infamous parts of the crypto market cycle: The Start of a massive Bull Run. As we finally hit the first major retracement level. The question stands? Where do I buy? Where (too late now) would I short to? Where do I put my stop loss?
Here is what I see:
1) Slight Head and Shoulders pattern forms in area around reversal, indicating bearish impulse.
2) BTC ranges between the 50% fib and 38.2% fib for a few days of time. This tells me, that 50% line will most likely serve as the pivot point back upward. I would put my stop loss probably somewhere in the middle of the 50% and 38.2% zone but beware of stop loss hunting that will likely occur before the up-swing. If you are margin trading, I would recommend setting a buy zone in that zone as well to counter the effect of a potential hunt.
3) Historical situations show that most of these retracements tend to occur with similar fashion. I have zoomed out (zoom in on specific current zone and August 21st, 2021 zone for comparison.)
In comparing the zones: Notice the similar structure of the initial breakout/retracement pattern occurring in bot areas.
**This does bring me to the point of addressing how this comparison does not line up with my last point. This is because this time period showed more resistance between the 23.60% zone and the 38.20% zone while the current shows what I mentioned before. Things may be similar, but rarely identical in this time and age.
4) The aforementioned zone in August 2021 shows a similar behavior as we analyze wave trends. We see a two pretty large impulses followed by the retracement period and as seen in August, that leads to an even larger breakout.
5) RSI typically dives down to get close to or touch off the 30% line leading into a bullish swing upward.
I'm pretty certain that we are approaching a very clearly bullish segment after a cold crypto winter.
Make a move, make some money.
Stocks To Watch This WeekWeekly charts showing what is working in the market. I show the ETF first and them some strong names in the group. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 35 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Wed 24th November 2021 EUR/JPY Daily Forex Chart Buy SetupGood morning. Just looking at my Daily Forex charts and 2x new trade setups identified this morning. This one being a buy on the EUR/JPY. You can read my notes on the chart to see my thoughts about this one. I like it and can see potential, but as we all know, price is king and can go wherever it pleases :) Cheers.
Pi Cylce Top Bitcoin is INVALID for this bull cycle!!Welcome everybody,
My name is Rutger and today i want to discuss the Pi Cycle Top indicator. I think that the Pi cycle top indicator does not work in this bull run. Because this time is really different than other bull cycles, it is never good to say that this time is different, but I will show you why it is really different this bull cycle.
First of all bitcoin balance of exchange is dropping very hard, that is a very bullish sign. We usually see that when the balance on exchanges move up, we reach the end of the Bull market. The opposite is happening right now.
Secondly when we look into the charts we can see that everytime the Pi Cycle Top crossed, it was in the red area of the log growth curves indicator. As you can see on the chart, we are not even close yet. ( in 2013 we also did not hit the red area of the log growth curves for the first peak cycle top. But it did HIT the 96 RSI level ).
The third thing is, that always when the Pi Cycle Top crossed we were at the 96 RSI level. This time we are in the purple zone not overbought not oversold.
Also this bull cycle has been crazy so far with institutions buying and big companies like Tesla and Microstrategy buying. Bitcoin is now for the first time a $1 trillion dollar asset. Which means that big investing company's are also allowed to buy bitcoin. So with all these fundamentals + Technical analyses. I think the Pi cycle top is not valid this time.
What do you guys think, let me know below!
Please like this post so we can get a lot of different people to look at this and discuss this further.
INO Bull PlayINO seems to be a dog in the vaccine industry but maybe it can make some moves soon.
The volume seems kinda light its just consolidating sideways.
I bought at 10.15 and will play it something like this.
At $11 I'll double down and as it approaches $13 I will sell half, if it gets to $15 and passes through it with high volume I'll add but watch out for a false breakout, if it manages to pass $15 I will double down again and hold till $20.
We'll see how it pans out.
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
4980-4965 CAN ACT AS GOOD RESISTANCE; SELL ONLY IF THERE IS A REVERSAL CANDLE
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
02-06.11.20 | USD/CHF:Greetings dear traders!
For you attention, technical picture of usd / chf for current week.
Math indicators:
• Average volatility of asset per month: +-112 points;
• Average change in asset per month: +-124 points;
• Week targets: We waiting a big volatility , because of President election in USA;
Famous zones:
0.9027-0.8998 - Support
0.9180-0.9198 - Resistance
With best regards,
WMCI
Gold hovers around 1900, WHO concerns reg rising COVID casesGold price continue to trade in a narrow range hovering near the $1900 levels amidst a steady dollar, fading chances of a new U.S. fiscal stimulus
package being finalized before the November elections. US Treasury Secretary Steve Mnuchin said he and House of Representatives Speaker Nancy
Pelosi were "far apart" on another coronavirus economic relief package, that would be hard to reach before Nov 3 election, which is not a good
news for gold prices. IMF’s latest global growth forecast which sowed a contraction of -4.4% v/s - 5.2% in June also put pressure on gold prices. On
other hand, WHO has shown concerns regarding the rising Covid cases, in fact Europe have even decided to take certain measures to contain the spread of the virus, hence providing some support for the metal. Market participants will be keeping an eye on the weekly jobless claims data expected from the US which if reported better expectation could support the metal at lower levels.
Technically, Gold hovering around 1900 area with h4 ma50 at 1902 as a pivot and day ma50 at 1929 as resistance with support at 1882 yesterday low. Sustaining in asian session above 1902 could test again yesterday high 1912.94 a break can test the day ma50 at 1929 with a hurdle at 1920 meanwhile. Overall untill it stays above 1880 is a buy on dips strategy. For the day we advise buy on dips is advised.
Suggestion: BUY GOLD FROM 190001 SL BELW 1885 TGT 1916 AND 1920
ELSE
SELL BELOW 1885 TGT 1865 SL ABV 1903
USDJPY analysis,price at the support,If holds will start to growPlease Support this Idea with LIKE if it is Useful....
USDJPY
The price is at the support and a strong fib level(61.8),If price holds above the support then I expect the price to start to grow..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent
AUDJPY - Which way? AUDJPY - We've had get bullish momentum for a while...!
Let's go through some important fundamentals announcements: JAPANESE PM ABE HAS RESIGNED DUE TO HEALTH REASONS.
Now, that drove increased yen and the indices, due to pressure occurring.
Technical aspects of AUDJPY:
We are in a wedge formation, looking at daily chart.
Long term channel bullish
Bears in control: If we exit out of this channel and wedge - wait for pull back to see if it isn't a fake break out and then take the trade going down to the next support areas.
Bulls in control: We exit the wedge formation towards the upside, again wait for the pull back to re-test the wedge then taking the trade towards the next resistance areas or targeting the channel area of resistance.
All the best,
Trade Journal.
(Remember just a trade idea, not a recommendation!)
EURUSD Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
EURUSD , Now it's time to re-enter the long trade, after the downtrend has been broken
The goals are specified above
Please any trader who has entered into this trading with me can move the stop loss to the entry level