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W-pattern

Shaky long-term trading for Tesla (Triple top + dip? )Since Oct. '21, Tesla has been trading along this channel. Some patterns emerge that we can point out: After hitting the top of the channel three times from Oct. 21 to Apr. 22, it was followed by a dip to the bottom of the channel. To a lesser degree, rising to about .75 the height of the channel on July 22 and hitting that region 3 times, this was also followed by a dip to the bottom of the channel. We currently have the same pattern emerging since July '23, with the price of TSLA dipping to below $200. This cycle is interesting because it is bouncing off the midline instead of the bottom of the channel. The next few days are going to be crucial for the stock: Bull case: If the stock can consolidate strongly along the $180-200, we may be able to break out of the channel to the upside. Bear case: If the stock fails to consolidate strongly along the $180-200 range, we may see a dip to $120-160. This will strongly depend on investor sentiment in the company, which currently isn't looking strong. A lot can happen in the next few weeks to turn that around, such as further advancements of AI for Tesla's autopilot.
NASDAQ:TSLA
by valentine_j_
🔥 Bitcoin Retesting Critical Support: Dead Cat Bounce!After a relatively big sell-off, BTC is currently bouncing from very oversold levels. Yesterday marked the first time since August that the 8H timeframe hit oversold on the RSI, so a bounce was to be expected. Bitcoin is currently on its way to retest the critical purple area of support as resistance. A rejection from here would confirm the break of 40k, with a move towards 35k in the cards. If BTC can close the week above the purple area we have to consider the idea that this bearish move was merely a correction instead of a longer term shift in trend. Below you find my current view on the market in more detail.
COINBASE:BTCUSDShort
by FieryTrading
4
It seems to be time for the Digital Gold to take Breath.After having a decent run for the past 12 months Bitcoin seems to get some relief for the sake of its healthy and strong uptrend movement. So What do we have in the market right now? In this post I will cover the scenarios related to the 1D time frame. As we all know the space we found in crypto is so much dependent on fundamentals the ETF was one big thing which runs the market for the past 6 months. And as we all know the game is played holding the motto "Buy the Rumor, Sell the News" most of the long position holders are going short and might as well be moving to CRYPTOCAP:ETH - the next contestant to get an ETF approval. For now Bitcoin just showed a bearish sign forming a rising wedge break out and MACD turning bearish for the short term. Besides a bearish divergence is already formed if you can see on the chart depicted by the yellow broken line. A retest of the rising wedge support line is possible while bulls try to get the throne back again. In addition candle stick behavior is also showing bearish sentiment if we consider the recent moves CRYPTOCAP:BTC made forming an inverted hammer like with a strong bearish candle formation. For now I am seeing CRYPTOCAP:BTC correcting in the short term. I will be updating which prices to watch closely. If things go as expected in the same manner as it is the breakout confirmation will most probably take Bitcoin to the recent 50% fib level at around $37K area. After watching out for the retest move and considering the ichimoku cloud on the lower time frame will be our confirmation.
Short
by cryptotalk_et
BTC H&S Structures- it's always interesting to check the past and learn from it. - Sometimes you will find ways to find the future. - On this messy graph, i posted some H&S and inversed H&S Patterns. - i didn't post them all (but have more), i didn't want add more mess :D - Check support and resistances on H&S dotted lines. - Check colored bubbles like always. - This is not a trade recommendation or a prediction. - imho for now and until Halving better stay out of markets and buy pop corns. Happy Tr4Ding
COINBASE:BTCUSD
by thecryer
2
🔥 Bitcoin Lost HUGE Daily Support: Beginning Of The EndIn my recent analyses I've written several times that I expected the ETF launch to be a major top, which has played out perfectly thus far. Furthermore, I indicated that the 41.2k-40k range as a major area of support for Bitcoin. As of now, BTC is making a lot of effort to penetrate said support. In case BTC doesn't reverse from here, we're going to see a major daily support around 41.2k broken for the first time since early December. This looks bearish. Seems to me that the break of 40k is a matter of time. Could be either today or in the next few days. We're likely seeing the start of some kind of major sell-off that will occur over the next few weeks. Time will tell.
COINBASE:BTCUSDShort
by FieryTrading
28
🔥 Bitcoin Spot ETF Approved: DUMP ALARM 🚨After yesterday's false start, Bitcoin's long anticipated ETF is finally here. However, it remains to be seen whether this ETF approval will be bullish or not. In the long-term, definitely. Price action over the next few weeks/months is likely bearish. As mentioned before, I'm expecting a short swift pump towards 48,000$ before hitting two major resistances and dump. Reasons for this bearish view: - Strong pump into news. Buy the rumor, sell the news? - Top yellow resistance of the channel - 48k resistance, last major resistance before the ATH. - The ETF approval is a perfect bull-trap for retail traders. Whales have already bought their Bitcoin's in the last year. The bottom support of the channel seems like a decent bearish target. Potentially even 30k. I will switch from bear to bull if we can get a weekly close above 50k. This indicates that the 48k resistance has been broken and will decrease the probability of a fake out. Happy to be proven wrong. For now, be careful for high volatility.
Short
by FieryTrading
53
🔥 Bitcoin: Just A Dip? What Does 2016 Tell usPreface: I'm still bearish on BTC as per my most recent analyses. The ETF launch likely signaled a major top, potentially until the halving. My most likely scenario's are shown below. That being said, I think it's worthwhile to look at the market from different perspectives. In this analysis I'm going to compare the 2016-2017 bull-run with the 2023 bull-run. Back then, BTC experienced many 30%-40% drops over the course of 2 years. In the end, every dip was a dip to be bought which led to some very good returns. Thus far, the 2023 (and 2024) bull-run has had several dips around 20%, which all proved to be very good entry points. We had to admit to ourselves that it's possible that the drop after the ETF launch is a dip to be bought. Furthermore, the dips getting less deep than 8 years ago is a natural consequence of the market maturing and becoming less volatile. Is this just a dip, or are we facing a longer-term correction? Happy to hear your thoughts!
Long
by FieryTrading
18
Is Boeing a buy before earnings? LONGThis is a daily Boeing chart with the idea on the chart in the text. There may be a good entry before earnings using a stop loss under the POC line and an ultimate target of the projected trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation and its sequelae. A megaphone pattern demonstrates increasing volatility in price action which is something some traders take to the bank. My analysis is that this may be a safe swing trade until the report of the 24Q2 earnings in about 100 days.
NYSE:BALong
by AwesomeAvani
21
🔥 Predicting Bitcoin's Price On The 2024 Halving: Dump Ahead?In this analysis I want to shed some light on an interesting relationship that I found between bear-market bottroms and the price of Bitcoin during the halving. This analysis is speculative and based on 2 previous occurences, so take it with a grain of salt. The relationship that I found is as follows: 2nd halving: price at halving = 300% off the bottom. 3rd halving: price at halving = 200% off the bottom. Percentages rounded to hundreds. Omitting first halving because market was not mature. So my assumption would be that the price on the 4th halving, the next one, would be 100% from the 15.500$ bottom, so around 31.000$ With BTC reversing after the ETF launch, a move towards 31.000$ is not even that far-fetched, since it functioned as a very important resistance of the majority of 2023 and therefore functions as a magnet. Do you think this is a reasonable analysis? Happy to hear your thoughts!
INDEX:BTCUSDShort
by FieryTrading
10
Gold can make upward impulse from support line to 2060 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price recently rebounded from the 2030 support level, which coincided with the support line of the pennant and made a strong upward impulse to the resistance line, breaking the 2060 resistance level, which coincided with the seller zone. After this, Gold bounced from the resistance line and made a downward impulse to the seller zone, exiting from the pennant, and soon the price broke the 2060 level too and declined lower. Also then, the price started to decline in a downward channel, where it fell below even the 2030 support level, which coincided with the buyer zone. Later Gold bounced from the support line of the channel and rose to the resistance line, breaking the 2030 support level again. At the short time later price exited from the channel and started to trades in one more upward pennant, where it continues to trades near the support line at the moment. Possibly, Gold can rebound from the support line and rise to the resistance line of the pennant. After this, XAU can make a little correction, after which it continues to move up to the resistance level, thereby exiting from the pennant. So, I set my target at the 2060 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
AUDJPY - Keep It Simple 👌Hello TradingView Family / Fellow Traders, 📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue. Currently, AUDJPY is sitting around the lower bound of the wedge. Moreover, the 96.5 serves as a robust demand zone. 🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups . This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support. 📚 In accordance with my trading style: As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
🔥 PEPE Inverse Head & Shoulders: Last Dip Before Moon?PEPE has beentrading relatively bearish since it topped early in December. With BTC moving down, it's getting more likely that PEPE will see some kind of sell-off in the near future. I'm looking at this inverse head & shoulders to play out over the next weeks. Ideally, we get some kind of bounce going around the 85 area. Patience is key on this trade. If PEPE will make a new high in the next few weeks this signal will be cancelled.
Long
by FieryTrading
HelenP. I Ripple will break trend line and continue to move upHi folks today I'm prepared for you Ripple analytics. Some time ago price traded inside the resistance zone, which coincided with the resistance level, and later it made a fake breakout, after which the price rose to 0.6385 points. Next, Ripple rebounded and made a strong impulse down to the trend line, thereby breaking the 0.6150 and 0.5500 levels. After this movement, XRP rebounded from the trend line and rose higher than the 0.5500 support level, which is located in the support zone, breaking this level again. Also, the price started to trades in a triangle, where so long XRP traded near the support zone. At the last time, when the price declined to this zone, it at once rebounded up to the 0.6150 resistance level. Price even broke this level and entered to resistance zone, but soon it turned around and in a short time declined to the trend line. As well recently, Ripple exited from this pattern and now it continues to trades very close to the trend line. For this case, I expect that XRP will break this line again, make a retest, and continue to move up. That's why I set up my target at 0.6100 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4