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LOOKS LIKE A DOUBLE TOP/ S.TRIANGLE EITHER WAY LOOKS LIKE 2 🐻 PATTERNS, we have some major resistance above and some EMA’S dynamic resistance below, we are in between a linear channel with bias to the top half and this channel has not been broke in months, we have had a few bullish days the past 2 days and a lot of bearish but the trend channel is bullish and we are moving up ⬆️ at a pretty fast pace since the beginning of the year we have almost 3X from less then 20k to plus 60k ... LAZER EYES TO 100K 💯K guys, set your lazers on ATNHs by years end to $100,000.00 USD per BTC!! *NOTE: I’m only short and bearish very short term like hours to a day while we consolidate, my bias is BULLISH,I’m a bitcoin Maximilian,not yet bitcoin millionaire,very far from it and only in my 3rd year trading, I have lost my ass ,2 full bitcoin at today’s price over 100k ,looking for a huge comeback as my new strategy “ORANGE DREAM STRATEGY “ has been working like a dream and my win ratio is above 60+ percent % right now and now starting to kick some bitcoin BYBIT ass and recoup my losses, anyway guys make sure you always trade with the TREND, trade with set plan & RULES, and trade with a good R/R RISK/REWARD, and trade with no EMOTIONS and trade SAFE and make your trades PROFITABLE! #BITCOIN #LAZEREYES100K #SHA256BITTRADER #TRADINGVIEW #CRYPTO
BYBIT:BTCUSD.PShort
by TRADERBUG_TECH
Support and ResistanceThere is no magical tactic or indicator to "see" the support levels on a chart, but how do astronomers know a black hole is around without seeing it? They use their brain. There are several types of support/resistance, the obvious ones, and the less obvious ones, and which ones do you think separate the bottom 95% from the top?: - Horizontal price level (Bitcoin 9000, 6000, 3000) - Diagonal price level (trendline) - Moving averages self fulfilling prophecy - Constant flow of positive news - Sovereign fund buying or selling (CCP bags) program - There is more, up to us to find it, good luck In my weight gain & weight loss example what supports the increase and decrease? You cannot predict what exactly that person will eat everyday, if someone will drop them home or not, how much they will walk, if they hear in the media about a "science" paper claiming chocolate is super healthy. Those are all random factors (to us puny humans), they are part of the normal day to day fluctuations. Mere mortals including the best know those fluctuations happen but do not trade them, only daytraders do. The weight has some support during the visible uptrend. This support is the regularly added calories from the weekly pizza. Exact same as an institution running an algo to buy shares by increments every week at the same hour (that you could scalp). On the weight loss period, there is a resistance, which is made up of the every other day walk home and the lack of pizza. Yes mostly the resistance here is not something but the absence of this something! So while predicting with precision is not possible we can enter on what we consider 2-sigma oscillations for example. If we bet on the early "reversal" being just noise with a stop at 3 or 4 sigma we get an asymmetric risk to reward. The average casual investors (and Bill Ackman) are the ones betting on the 4-sigma "never give up! strong hands! we will win! the power of love!". 4 sigma is human nature (for most people), also not understanding probabilities intuitively is. But I'll make a separate idea about that. Skilled investors not only exit but even if a trend starts with good support (fundamentals + visible with technicals) they will join the new trend. But careful not mixing everything. "4 sigma" meaning very low p of being noise in the original trend does not mean high odds of opposite trend. So this is it, to estimate what supports the price the smart market speculator has to work as a detective, find clues, and as a statistician, put these clues together with p weights, add potential clues with their own p weights. How can novices possibly imagine they can use "TA" to magically find these supports, they really expect some big red flashy arrows on the chart that anyone can see? It's so delusional. As detectives they'd expect the killer to scream "I DID IT! I AM HERE!"? And of course get a big paycheck for their work as a detective. This is not a video game.
Education
by MrRenev
3
Is Bitcoin getting ready to make a new high?Last weekend Bitcoin broke above 58k which was the top for February and made a new all time high. However, the bulls faced a set back as Bitcoin slipped back below 58k. However, Bitcoin resiliently stayed above 58k on Friday while Nasdaq had its worse day in two weeks. This is quite important since Bitcoin has had a positive correlation with Nasdaq and Tesla. This distinguishes Bitcoin as digital asset ("digital gold") and dissociating it from the more speculative assets. Today (21 March) Bitcoin has been below 58k again however, it is recovering and is building a base here on the candle chart. Furthermore, Bitcoin has formed a rising channel (the two parallel lines on the chart) which further supports a move higher from here. Taken together, Bitcoin seems ready to test the 60k and if it can hold a couple of days above 60k then in all likelihood it will exceed this month's high and reach a new all time high. And obviously, Bitcoin's move will influence other cryptos that are positively correlated with it. Subscribe to be the first to get my future posts and updates.
BLong
by DrCryptoPlay
ADA USD Double Top Trend Reversal ConditionsSo here are some of the conditions that should be met before a double top (trend reversal) is actually confirmed. Of course many other aspects also need to be considered but the few shown in chart above might helps some of you decide when needed. This chart is not meant as financial advise. If you trade, trade safe and by safe I don't mean wearing security goggles and gloves. Keep In mind that in trading the trend is your friends until a main support broken confirms otherwise.
BITTREX:ADAUSD
by Rekt4Sure
3
Gold and the Dollar are not friendsGold is really about the US Dollar strength. I've shown the inverse correlation in other charts before, but not on this 15 min time frame. The relationship is startling. So - if you believe the dollar is going to go significantly north, there is hardly any point going long on Gold. If you believe that a Dollar Surprise is coming (see my post on that), then are you long on Gold? Think about it. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
WE CALLED IT!! Ethereum and Bitcoin side ways now before a moveIf you took a short position or locked in profits around the 1850 mark congrats, we called that almost to the minute. Please keep up with our posts and make sure you share this information with fellow traders as we put out more information regarding daily and long term price action. This is all trend analysis and not trading advice, please use your own judgement to make trades. We expect the next day or two to contain a lot of sideways action but overall the indicators still show bullish trends. If something changes we will update everyone based on the indicators. Happy Trading!!!
COINBASE:ETHUSD
by hbayatne
1
Bad News For BTC Medium TermAfter coming out of arguably the most beautiful bull flag I have ever seen, we have had quite a nice run and a nice additional push by the man Elon Musk himself. I fear we are going to pull back quite a bit here, possibly 20-25% with a bottom somewhere around 42k. This will probably drag down most of the other coins as well medium term. With the bond yields taking off as well and a weakening dollar we find ourselves in a strange place that is hard to navigate. Ultimately crypto's will be good long term investments as fiats are racing to zero, but this could be a good chance to sell and buy more later.
BITSTAMP:BTCUSD
by NotReallyJack
I am upgrading my $NNOX Target from $115 to $200+I seen what happened at $95, the FDA response, and how people responded to lockup expiration + the secondary offering. People reacted quickly, things got tense, and now the storm will soon calm. The point is, it very recently hit a new high, and a new high will happen likely really soon. Once $115 passes, my new target is $200. I believe this is feasible if single source FDA approval is within a timely manner. They also have factories and deployments. I am looking constantly at institutional activity, and that is what excites me the most trend-wise. That said, please invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
NASDAQ:NNOXLong
by gamer456148
CGC: How to trade it!We are still in an uptrend. However, if we fall below the first support line then we could see it fall to $37.35 then bounce off the strong trend line for another try up. Plan A: I chose to use a Pennant style pattern here(Cyan Color) So if the stock moves above the top of the pennant then we should see a breakout. The top of the channel is $48.00 so it is possible to see it go there. Plan B: If we fall below the bottom support I see us slowly going down to the $37.35 mark. (See the orange line on the graph.) Once we hit this mark this would be a good buy in point as this is a strong support trend.
NASDAQ:CGCLong
by UnitedTrading