Higher lows to target $2.10HTBX is generating highler lows since February.
Previous spikes fall over the fibonacci extension. The next spike will most likely be around the next ER on Nov 16th.
If volume gets big enough $2.10 is the next resistance.
Traingle
$BTCUSD - Symmetrical triangle again 🤦♂️Hi guys! 👋🏻
Regulators heat up the pressure on crypto after the two Iranian flagships reached the Venezuelan cost. It is assumed that the Venezuelan government paid the Iranian for the delivered gasoline in crypto. CFTC fined BitMex for operating an unregistered platform in the US and violating the Anti-Money Laundering regulations. The regulator also charged the top-management of the derivatives trading platform, including the CEO Arthur Heyes, as a consequence almost $337 million worth of Bitcoin were moved from BitMex and the open interest rate dropped by 16%, hence Bitcoin dropped sharply once again by -2.21% last week and is retracing since Friday October 2. Though BTC has gained significantly yesterday +1.50%, it was not able to break the dynamic resistance.
🔔 BTC/USD once again has formed a symmetrical triangle and either scenario is possible in this case, meaning Bitcoin price will either drop or rise. I bet for the ⬆️
🔔 Whenever the breakout is confirmed, the first resistance which might scare the holders and force them to sell their BTCs would be an area at $10900 – 11000
🔔 If buyers are able to push the price above these levels, BTC might as well continue the uptrend towards $11170 and even $11400.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
BATA INDIASelf Explanatory chart.
Breakout from the Triangle and falling Wedge.
Now a fresh rally has started in the Parallel Channel. Keep riding the stock in the channel.
Stop Loss should be just below the channel when the stock breaks the channel on the downside.
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GILLETTE INDIA LTDA very simple chart with a breakout. Spotted a little late.
The quality of the stock talks more than its technical. The stock is bound to climb as its a consumption stock. Mostly everyone needs a shave almost everyday.
Time frame though can be a weeks to a month.
Targets are around the 6450 - 6530 mark. One can look for targets even beyond the targets mentioned in the longer term. It's an investment stock.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
GBPUSD - Within the range!GBPUSD - Yesterday, I posted bear flag formation - we did get to one of the support levels I been looking at but that key pull back I mentioned was key!
We are range bound between the areas of:
Resistance 1: 1.31233
Resistance 2: 1.31794
Support 1: 1.30151
Support 2: 1.29831
Pattern: Triangle - Consolidating at this moment of time.
If we were to go below these key support areas, a further pull back will continue further - However, above resistance area 1 i'd be bullish towards 2nd resistance area. Even within the ranges, there are key trading opportunities. Which you could just focus on the levels and take the trading opportunities within smaller time frames. Larger picture overall on the daily - We are within the range as most majors currently are - Keep an eye on that.
Overall, seek whatever direction the momentum goes towards.
Key tips:
- Longer time frame, indicates shorter time frame movement.
- Add alerts it will make it easier for any price movement that develops.
( Remember: Just an idea, not a recommendation! )
Trade Journal.
Century Textile and IndustriesThe 1 D chart of Century Textile and Industries has shown beautiful triangle formation, which has now reached till apex. The price has crossed the EMA 50 level as well as Historic Resistance at around 308 with comparatively higher volumes. The closing of the current candle at the prevalent levels will confirm the entry. Almost all the technical indicators are also on the Buy side.
GOLD XAU/USD - What now?Let me break this down for you...
Yesterday, I had this triangle formation drawn. Bullish momentum was ready to occur if it broke to the upside which it did. That's great the pattern worked - I measured the the triangle and we are at that exact area.
Now sometimes, there is no pull back its a formation of a break out that sometimes occurs within the markets. Longer term, I am still bullish gold. However, within your plan you could perhaps have various other indicators that may perhaps signal a little bit of a pull back occurring to the support areas Between: 2007-1997
As you can see by the red arrows drawn, thats what I see that COULD occur. Bearing in mind, focus on key areas.
Enjoy and don't suffer with the FOMO! I encourage you to take trades of either direction of precious metals, they give out great opportunities but also remember - Stick to your plan and journal each trade to become a very successful trader.
Remember: Just an idea, not a trade recommendation.
All the best.
The bull trap takes its victims! Be careful!I have mentioned sometimes that above 11.000 the bulls will be victims. As I say in the Closer to the frontline idea: " I would like to see even a failed breakout, and then after a huge reversal." and now I can not say anything else.
Maybe we saw the failed breakout and now the continuing should happen in a good and clear reversal pattern. Because of the C wave corrective structure, now I am forecasting a sideways triangle in the next month. Which next wave is the D wave down in three waves structure. The possible target could be around 6000 with a little higher high against 3900. We will see...
The lower time frame I am focusing on rising corrections which create the chance
EURUSD Ascending TriangleThis ascending triangle has formed on the EURUSD chart.
A break out through the resistance looks like it has happened.
Now just to wait for the retest.
SL will be just under the resistance and TP will be the length of the largest point of the triangle.
Although we may take some profit before that happens to to guaranty our self some pips.
Ignore the arrows, that was my previous plan if price acted differently.
Stay tuned.
EURJPY > Triangle Coming After a Nice Breakout!!Analysis of #EURJPY
This is a triangle coming after a nice breakout of structure which I like to see.
We already in a long trade on this or and in some profit, but will look to add if provide us a better RR, as if it will come to touch the lower trend line support I will add another trade
-Do not to forget to tell me why you did not like this idea👌⠀
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Check today analysis below⠀
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-DISCLAIMER: This information is not a recommendation to buy or sell. it is to be used for educational purposes only⠀
-⚠ please note the ideas is valid only if it happened as I said above⠀
-Before trading our ideas please make your own analysis.
bitcoin ascending right-angle triangleBecause of its shape, the pattern bitcoin has been forming can also be referred to as a right-angle triangle.
Two or more equal highs form a horizontal line at the top. Two or more rising troughs form an ascending trend line that converges on the horizontal line as it rises.
Watch my video for suggestion of how to trade this market, for not just bitcoin but also etherium and ada!