BTCUSDT - Short Idea Over the Next WeekHi all,
This is my first post so please take it easy on me!
Here's a very rough idea of what I think may play out over the next few days. Share your thoughts and let me know if you have any ideas on how I can improve my TA/Harmonic usage!
I believe the recent bullishness in BTC is a fakeout/relief due to yesterday's drop. I'm looking to short BTC once we hit the 19400-19800 range and expect it to fall to the 17300 - 17900 area.
Good luck! Also, this is not financial advice, it's my first chart. lol.
TERM
BTCUSDT - Short Idea for the Next WeekHi all,
This is my first post so please take it easy on me! Here's a very rough idea of what I think may play out over the next few days. Share your thoughts and let me know if you have any ideas on how I can improve my TA/Harmonic usage!
I believe the recent bullishness in BTC is a fakeout/relief due to yesterday's drop. I'm looking to short BTC once we hit the 19400-19800 range and expect it to fall to the 17300 - 17900 area.
Good luck! Also, this is not financial advice, it's my first chart. lol.
XRP - The Most Undervalued Altcoin BY FARHi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
When it comes to investing, we can all take a page from Warren Buffet's book - invest for the future potential value and ignore the price now. Warren Buffet made his fortune by spotting great opportunities early , and talking a leap of faith . XRPUSDT is one of those altcoins that show great promise - but maybe not right now. Founded by Ripple in 2012, XRP has a massive advantage over other altcoins - time. With time comes progress, innovation and most importantly : the establishment of a network. Ripple is the only crypto-presence at the World Economic Forum, you will find their CEO (Brad Garlinghouse) on the website of the WEF. That's a great pluspoint in terms of fundamentals.
In the video, we talk a little bit more about technical analysis with the Fibonacci retracement and local support zones.
Spot this bearish fractal on Bitcoin 👀
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Shriram Transport LongIt has formed a perfect 1-5 Elliott wave pattern and also taken its ABC correction. Now this stock is ready for next 1-5 elliot wave move. Buying levels and sl is given in charts.
VAKRANGEE - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Nifty IT to rise!!, bear runs waves gets overNifty IT- target 30500 cross.
i have drawn the waves for the short term, it looks like nifty it has completely corrected, and now it has to start its run. it will go up, with a rally or with some corrections in between(idk), but i guess it has touched its bottom, and will now move upside.
plus, have look on rsi indicator, and macd(strategy). they have started to show some divergence, so if by chance nifty it falls, it will not majorly affect much, and will continue its bull run.
icici Lombard future viewicici Lombard is great company, gaining its market share form lic ltd. it had corrected a lot, and i have drawn the waves for the future. it will be reaching its previous trend line comtinuing padt from the corona(drawn in the chart), so it will have a impulsve wave from my analysis point of view.
Support & Resistance Zones in 1 DTF//VRLLOG***Bullish-Trend, the Higher Highs and Higher Lows represents that, just Follow the Trend, the Trend is our Friend
>The above pattern has solid Support(4) & Resistance(4) Zones are perfectly formed.
>The Stop Loss should be strict due to the high volatile market conditions. The perfect SL would be 580.15(-7%) according to me.
>The Target would be the upper trend line in long term, for short time it would be 10%!
>The High Tension Lines are formed in 1 MTF, so be bit careful and trade.
***VRL Group include road transportation, logistics, publishing
#The holding outlook as of Jun 2022 Quarter:
Promoter: No change
FII's: Increased
DII's: Decreased
Public: Decreased.
NASDAQSMART MONEY CONCEPT
Une petite analyse en 1 mois sur le nasdaq, nous observons une bonne zone de liquidité qui devrait être liquidé dans les jours à venir avant de chercher a faire une impulsion vers le buy. Pour ma part chercher des opportunités de sell sera sera la priorité. Bon début de semaine a vous.
SNX with potential 150%?!After a 95% drop from its top, SNX formed with its fall the ABCDE waves and at the end of its E wave it still created a head and shoulder inverse shoulder with a target at $7.50.
An opportunity that can give us up to 150% profit.
This review is for study only, do your own review.
This analysis becomes invalid if BTC continues its decline.
GOLD - Long-term buy opportunity (end of ABC in primary degree)
Hello traders, today we will provide a long-term trading idea. It is that long-term that you could use it as an investing idea and buy gold (the asset, not the derivative) and hold it.
The chart shows you the corrective pattern that started in July 2020 is in the last stages and it can be ending soon. The price is now in wave 5 in the intermediate degree (blue), which will end the whole corrective structure ABC in the primary degree (green) and after that, we expect the motive bullish wave 5 in the cycle degree (orange) will start.
We will be monitoring this asset when the targeted price for this correction to end is reached (1672 is the level). From this point, we expect that the gold will end the corrective cycle at any time and will start a rally. The zone where this turn would happen is from 1671 to 1373. It is a huge zone, this is due we are dealing with a daily time frame structure and even though the size of the zone is large, it is also the potential target. We cannot define precisely the target yet but it would be above the 2200 level.
We do have a trading system that reduces a lot the size of the zone (not the target, therefore, the R:R ratio increases a lot). If you have a trading system (supply and demand zones, volume profile, set of rules of indicator…) you can apply it when the price is inside this green zone and the chances the trade will succeed will increase a lot.
Important note: it is a daily zone, use the signals that trigger the trade according to it (a 5 minutes signal probably will not be strong enough to turn a daily structure)
Reasons why we believe it is going to work:
1- The Corrective structure is clear and the chances that this ABC structure becomes an impulse and stops us out are, at this moment, low. We will monitor it in any case and update you.
2- The USD cycle- The USD is approaching the end of a cycle where it has been dominated by USD strength. When this cycle ends, a cycle where the USD is going to be weaker will start and this will help all the commodities priced in USD, and of course, gold is one of them, to have a bullish cycle that could be pretty powerful. This trade is long-term, so we should not expect a rally in gold in the following days, it can take a few weeks for the gold to end the corrective structure and also for the dollar to end the bullish cycle.
3- The FIAT currencies situation. Central banks have been continuously printing money which has devaluated, at least in common people’s perception, the value of the currencies. This can push investors and common people to buy gold to try to keep their savings protected from a potential hyperinflation of the currency of their savings.
4- Gold is not infinite– The quantity of supply of gold is not infinite and it is difficult to be massively manipulated. Therefore, gold will always have value and these supply constraints will make the gold more difficult to have a significant collapse in the price. In addition, gold has the perception of a value preservation asset. So, in case of an economic crisis (which is predicted in some parts of the world), it can increase the demand for gold.
Always keep in mind that risk management is, at least, as important as the entry-level or the SL. Remember the quote “If you do not manage the risk, you will not have any risk to manage”
The market is always repeating the same type of defined structures. There are only two main wave types: the motive wave and when the motive wave ends it starts a corrective wave. Within them, there are only 3 motive waves structures (Impulse, leading diagonal, and ending diagonal) and 5 main types of corrective structures (ABC, WXY, Flats, triangle, WXYXZ (triple correction))
Learning them and being able to spot them in the price action graphs will completely change the way you trade as these structures will provide entry point areas, invalidation levels, and targets for the trade.
Have a safe and profitable trading day
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it is only the explanation of what we are going to do and it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Bitcoin, wait for the pull back to the resistance and longThere are still many uncertainty in the market. Therefore I think the market will have a sudden plunge to the resistance line to wash away retail investors and start a new bear market rally. If the CPI data is still In line with expectations or bad than expectations (lower CPI means lower Inflation), then we might see a very strong rally for cryptocurrency market.
SHIBA INU is gaining momentum, patience is the key Since SHIB is one of the famous MEME coins, many retail investors tend to invest in it. So the whales behind it keep clearing those paper hands before driving up the price. When SHIB is pumping, its large green candle may ignore any resistance and keep pumping for a few days due to the hype. Therefore, SHIB's strategy would be to buy at every resistance line (price shown in the chart) and hold for the next bull run. Holding SHIB requires a lot of patience. After buying, just ignore the price and you might see a huge gain in your account during the next bull run.