SOL - Weekly Found this interesting. Each of those green lines are golden fibonnaci levels. Each time that level gets claimed price runs to the next one. Third fib level for SOL is at $2205 That's a potential 12x run in the coming blow off phase of the cycle
Bullish break and new higher high! Now we wait for the flip of 53k or break of 59k
BTCUSD - 3 Day It's do or die time for ol mate BTC. We need to see a convincing breakout of the descending down trend and ideally a close above 53k to get a higher high. Next level is 59k then the local high at 65k Still has some work to do but so far looks good. Bullish buy volume is picking up and its looking more likely BTC want's to disconnect from the other...
RDDUSD - 3 Day Price currently stuck in a massive range between 0.0004 and 0.029 PA trying to flip the middle of the range at approx 0.003. If it succeeds, the previous cycle top is the next target at 0.03 which is a decent 8x return. If the market does something jaw dropping the 1 to 1 extension of this range paints a max target of 1.55 That's a potential 500x...
Smaller pattern within the top range looks like a cup and handle. Larger macro pattern is a bull flag. Nothing is confirmed until the top of the range is flipped however with price riding the 20 ma as support and the RSI in reset territory, the flip could come soon. Waiting for the flip and bounce would be the safest entry but if you were to ape in now Stop...
Very different chart compared to most of the other altcoins I've looked at. Very clean ascending channel and price has consolidated back to the bottom trend line. There seems to be a confluence of support around the 0.14-0.19 range consisting of an order block, 20ma and fib level. Needs a confirmation of a bounce before entry. If you were to enter now Stop Loss...
MTVUSD - Weekly Looks like a pretty clean cup and handle setup tbh. Currently in the process of flipping the top of the range to support. Stop Loss: 0.008 (just under the top of the range and the 20 ma) Target: 0.41
HBARUSD - Weekly Sorta, kinda looks like a cup and handle also... not a fan of that genesis dump candle from 2019 though. Seems to be trying to flip the top of the range currently. Stop Loss: $0.21 (Once the current level is flipped) Target: $12.24 (Measured move of the cup height)
TheMacroPlaybook Trader Log Date: 10/04/21 Exchange: FTX Market: LINAPERP Technical Analysis: Price consolidation with a retrace to fib 0.618. Support bounce off previous local high and 50ma. Stoch RSI reset to oversold. Entry: 0.121840 Stop Loss: 0.095300 Take Profit: 0.33
With talks of more stimulus planned and the FED keeping rates low for the foreseeable future, will the fundamentals of currency debasement meet with the technicals?
Potential double bottom in play Gap to be filled between 0.15 and 0.19 Large spike in buy volume over the last 6 Months 16x return to close gap
Fundamentals: Estia Health Limited is engaged in operating and developing owned and leased residential aged care facilities throughout Australia. The Company's homes offer a range of care services, from providing semi-independent living, to specific and comprehensive care for those with memory or cognitive support needs. Personal Opinion: With the growing...
No Gold related trades until price reacts around the 23.6 Fib level on the weekly. Short term Bearish because: 1. Price has closed below R3 Pivot on the Weekly printed to the 6th of Jan 2. Price has 21 MA as resistance on the Weekly 3. Bearish retest of descending triangle in play on the Daily
Trade plan: Evaluate price action on Mondays only for mid- long term play Targets: Bull flag measured move to 0.2 Why is it Bullish? 1. Stoch RSI on Weekly entering upside from Oversold 2. Price action has bounced off 50 MA on the Weekly 3. Price has closed above R3 Pivot on the Weekly and printed to 30th Dec 2020 4. Bullish pin bar reversal causing bounce...
Trade plan: Evaluate price action on Mondays only for mid- long term play Targets: Fib Extention (-61.8) 0.108 and (-127.2) 0.124 Why is it Bullish? 1. Stoch RSI on Weekly entering upside from Oversold 2. RSI Div showing Weekly Pivot Point and momentum pushing to the upside 3. Price has closed above S2 Pivot on the Weekly and printed to 6 Jan 2020 4. Bullish pin...
Bullish Points: - Stoch Oversold - RSI Oversold - Bounced off long term ascending trendline going back to 2016 - Price sitting on 200 MA - Price has retraced to golden ratio fib level 61.8 Bearish Points: - Price currently under 21, 50 and 100 MA
Bullish Points: - Stoch Oversold - RSI Oversold - Price in golden ratio zone fib zone 61.80 Bearish Points - Under Ichi cloud - Under 21, 50, 100, 200 MAs