Compare Trading Platforms Trendlines IIHi All,
I started comparing the PA of different Trading Platforms at the beginning of the month, because I had noticed that I had accidentally ended up on another platform in TV and it was different from Bybit that I trade on.
I know we've discussed this once in the past, and also in the past the differences were small, but I now see really big differences in terms of trend lines and parallel channels.
That's why I drew up a layout of 8 platforms after the dump and started setting the main trend lines.
I'm very shocked by it in any case. I'm not going to make a statement which one is best, see for yourself the differences.
This is also not any financial advice.!
Trendlineanalysis
Compare Trading Platforms TrendlinesHi All,
I started comparing the PA of different Trading Platforms at the beginning of the month, because I had noticed that I had accidentally ended up on another platform in TV and it was different from Bybit that I trade on.
I know we've discussed this once in the past but I now see really big differences in terms of trend lines and parallel channels.
That's why I drew up a layout of 8 platforms after the dump and started setting the main trend lines.
I'm very shocked by it in any case. I'm not going to make a statement which one is best, see for yourself the differences.
This is also not any financial advice.!
Whats next for SPY? This is a trendline I am watching going into the weekend on $SPY
The fact we did not test the bottom trendline before retesting the upper, suggest the next leg down will be more aggressive than the previous bear sessions.
Also, based on previous bear sessions, we head down -17.50 after rejection within a 50 day window. If we use the same price action, we can anticipate SPY to be at AROUND $330 by New Years. (Assuming it is not more aggressive. But I believe the next leg down will be)
USDCHF ! Trading at uptrend line, short trade idea.USDCHF broke the horizontal support of 0.99150. Right now, USDCHF is trading around the 4hour up trendline. For today, check will yesterday's level of 0.99150, then I think it will go down to 0.98400, If the level of 0.99150 is broken up, USDCHF is expected to rise to the level of 0.99700.
JICPT| US and Japan 10Y spread suggests where the pair go! Hello everyone. USDJPY has retreated from 152ish due to the intervention of Japanese government. In my view, the intervention may temporarily weighed on the pair, however, it won't prevent it go up further. The possible level it might go is 160.
Why long USDJPY might become the best strategy of the year? Let's look at the left chart, containing two lines, with purple line for spread between US 10Y and Japan 10Y bond yield(risk free assets of the two countries ). It's clear to spot that USDJPY has a very strong positive correlation with the bond yield spread. Japan adopted loose monetary policy with rate at -0.1%. Whilst federal reserve aggressively tightened the rate several times. Big institutions can make easy money by following steps. Firstly, borrow Yen then convert to USD. Secondly, invest US dollar in the US treasury market to benefit from the spread. The first step is definitely put pressure on Yen.
So, if you try to take short opportunities, take a hit-and-go strategy. The spread is expected to be higher because Federal reserve is likely to hike another 75bps in Nov. Don't go against trend.
The entry level for bullish setup on the daily chart would be around 144 below the uptrend line marked on the chart. If the pair misses the zone and continues to create new highs, looking for pullback on 4H.
What do you think? Give me a like if you're with me.
OCEANUSDTHello my dear friends
Currently, the price movement is at the end of the long-term downward channel.
A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line.
Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
EURUSD ! May show growth in the short term, long trade ideaEURUSD continues to fall due to DXY increase. EURUSD is supported by a strong support line and seems to bullish form. Several times in the past, this trend has shown support and up. If EURUSD can hold in the area of 0.96300~0.96000, it is expected that the up will continue.
Don't forget TREND IS BEARISH.
LINKUSDT map for a potential downtrendThat's my ultimate speculative map for a potential downtrend anatomy for LINKUSDT. We have a reversal Head and Shoulders top in formation, which a pullback to neckline can occurs in a retest of broken dynamic trendline. If the price remains bearish, a test of the volume point of control POC can be expected. Then a potential downtrend in a parallel channel formation can be expected w/ lower highs retesting the dynamic trendline / resistance. The final target is the D point from prior Butterfly pattern.
$BNB - Will it Break the Trendline ?Hello my Fellow TraderZ,
Most of the #ALTS presently coming to the Dynamic Trendline RESISTANCE and one such is $BNB, native token of BINANCE exchange.
As you can see $BNB has approached the Trendline Resistance Zone for the 5th time. On previous occassions it has rejected from this Resistance Zone. Will this time be different? May or may not be.
Currently holding the $260 Support Zone incredibly well on DTF. I'm expecting here a move upside to the $300 or $330 in the short term if Breakout occurrs.
I'm little bit inclined towards breakout as #bnb is making its ALL TIME HIGH against Bitcoin, see below :
So we may see that upside move but again only if breaks and gives a Daily candle close above the Trendline.
Interesting to see how it acts further. Till then Happy Trading FAM.
CHEERS!!!
⭕️SELL AUDCAD at the best place and time 😉 ❗️🔰You can see the analysis of the Australian dollar to the Canadian dollar in the 30-minute time frame (AUDCAD_ 30min)🔍💣
💥Taking into account the price drop from the SUPPLY zone, if the price returns to this zone (supply zone), we can expect the price drop to the upward trend line (black🖤 color)🔻If the black upward trend line🖤 is broken and then the price pullback❗ to it, we can expect another collapse of the price to the specified DEMAND zone🔻🔻🧐
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
ETH / USDT 4HChart - Targets And StopLossHello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving above the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,351
T2 = $ 1,368
T3 = $ 1,382
T4 = $ 1,396
and
T5 = $ 1,416
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,304
SL2 = $ 1,284
SL3 = $ 1267
SL4 = $ 1,251
and
SL5 = $ 1,227
Looking at the CHOP indicator, we can see that in the 4H range some energy was used, while the MACD indicator shows a local upward trend.
BTCUSDT pullback to triangle trendlineThere's no reason for bullish bias. The price action shows an engulfing bearish after a pullback to triangle upper trendline, healthy 30% retrace and retest. Supports broken. Price below daily volume point of control -rejected from POC. Expecting lower lows aiming 14.6% as seen on chart. 17K is possible in a next swing downward. Plus hidden bearish sign from Chaikin Oscillator. Fibonacci retracement applied w/ 88.6% and 14.6% key levels. Bearish 2-D swing to complete the major Head and Shoulders correction @ all retracement expected.
$ETHEREUM - Do or Die !!Hello my Fellow TraderZ,
Yesterday we had a big event in the world of #CRYPTO. Say the Queen of #Crypto - $ETHEREUM was shifted from the Proof-of-Work to Proof-of-Stake. This is itself a big news for $ETH as in future this will make $ETH more scarce.
Many were eyeing on the value Post Merge and it was expected that price would see a sharp rise or atleast lead to the previous local High, but nothing happened rather price decided to visit South.
Now price is near the Confluence Zone(Yellow Circle) and I m expecting a bounce here. Funding Rate is decreasing which means more and more late SHORTS are opened which could be #SQUEEZED
Reversion? That's just meanThe rising trendline from June's lows is the likely target for this decline. No idea what happens there, and I won't be buying it on the first touch.
Knives should be picked up off the floor, not caught!
If this is helpful to you, let me know in the comments and follow to get charts immediately.