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Trendlineanalysis

Bitcoin possible price points 2nd & 3rd quarter 2023According to the charts Bitcoin has been moving to the upside pretty aggressively lately. These price points are only speculative and based on probabilities only. Bitcoin could reject these support/resistance trendlines. I have trendlines (solid lines) and strong support and resistance in corresponding color as dotted lines. If they match up and hit the target we could see them within the 2nd and 3rd quarter of 2023. What I have learned in plotting trendlines is they are a strong signal for possible outcomes depending on the trend of the chart. Many analysts are bullish and rightly so but there are still a few who are more cautious and predicting a lower correction if Bitcoin does not hit above the $30k level and remain there for a certain time period.
GEMINI:BTCUSDLong
by altcoinb
SOYBEAN FUTURES Weekly Technical AnalysisZS1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Parallel Channels, Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
CBOT:ZS1!
by BahamasX
Time to PLAY SHORT on USDJPY Dear Tradingview family, Symbol: #USD JPY Strategy: #Harmonic_Chart_Patterns, #Anti_Gartley_Pattern, #Rising_Wedge, #Trend_Reversal #Trendline #Support_Resistance #RSI_Bearish_Divergence. Trade Call Type: #Short. Order Type: Sell Stop Indicators: #Price_Action. #Chart_patterns, #Anti_Gartley_Pattern, #Rising_Wedge #Trendline #Support_Resistance #RSI_Bearish_Divergence. #RSI #RichTL Entry: Short when price breaks Lower High after break down of Rising Wedge Pattern. Anchor Time: 4 Hours Trading Time Frame: 1 Hours. Entry price: 132.544 Take Profit: 131.252 Stop Loss: 133.860 RRR- 1:1 Methodology: As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk. Analysis: The current price action on the USDJPY chart is showing a clear Breakout of #Anti_Gartley_Pattern, #Rising_Wedge on 4 & 1 hourly timeframes. Additionally, the Bearish RSI divergence on 4 Hour & 1 hour time frame add value to the strength of reversal pattern. Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR of 1:1. My Sell Stop entry is planned to execute when price action comes down to break patterns. Conclusion: Based on our analysis, I believe that there is a potential trading opportunity for a SHORT trade. Risk Assessment: Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade. Please use Position size calculator to calculate your risk per trade. Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Short
by The_TradingW0LF
SPX: Trend Analysis + Key Points to Watch From Here.• The SPX is trading inside an Ascending Channel in the 1h chart. Today it is losing momentum, indicating that it could seek the bottom of this channel; • Yesterday, the index failed in breaking the 4k, which is its most important key point. By breaking the 4k, we would see a bullish pivot point in the 1h chart, indicating that we could seek the higher line of this channel; • If it loses this channel downwards, then it is very likely that it’ll seek its support at 3,808, which we mentioned in our previous analysis (the link to it is below this post, as usual). • The problem is that in the daily chart, the trend is still bearish. There’s a purple trend line connecting the previous tops, and it seems it worked again yesterday; • As long as the index remains under this purple line, the SPX won’t do any meaningful bullish reversal pattern; • What’s more, there’s no clear bullish reversal structure in the daily chart yet. Yes, there’s a bottom at 3,909, which is higher than the previous one at 3,808, but without a higher high, the trend will remain bearish; • Therefore, it is very important to watch how the index is going to react now that it just hit its major resistance in the daily chart, and if it’ll break its pivot point in the 1h chart; • This is a defining moment for the SPX, and I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
XAUUSD UPDATE: WATCHING THE BEARISH PIN BAR IN THE H4Hello there again, I'm here to shed more light on this pair, XAUUSD, It's like someone is getting me wrong here! In my past analysis, I told you that this is a strong bullish trend and that you should be extra careful selling this pair. Meanwhile, we have already seen a bearish pin bar formed at the key psych level, meaning there could be a nice opportunity for the bears to ride the market to the downside, but they should be extremely careful, as the Gold could head back up. But, currently, the sell signal is still intact, most especially for short-term traders. If you are selling, make sure you set your take profit close to the entry price to take advantage of the short bearish move of the market.
OANDA:XAUUSDShort
by OraclePips
SPX: Dangerous Top Sign Under a Major Resistance Level.• The SPX did a top sign yesterday, just after it hit its resistance at the purple trend line, which is connecting the previous tops; • What’s more, the index lost the 21 ema. It seems Futures are stabilizing, but the situation is still problematic; • In theory, if we don’t see a very strong bullish reaction, as soon as possible, the index would just keep correcting to the next support level, the 3,808; • There was a gap (yellow square), which was filled yesterday, making this a possible Exhaustion Gap after the quick rally that started on Mar 13; • So far, we don’t see any meaningful bullish reaction indicating that it will reverse, or at least reject the bearish sentiment; • In order to avoid a bearish continuation, the index would have to react and reject yesterday’s candlestick, breaking the purple trend line in process. It all depends on how it’ll react today. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
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