Scenario
Bitcoin 2021 double peak scenario updatedI am merely updating this scenario for this Bull run in 2021 for Bitcoin. Bitcoin breakt the top of this Beam bands and retraces down about 48% to 50% to get down to a $66k price and hit the bottom of this channel and then we go for the second peak end of year.
PLTR: The decisive moment is coming! Escaping the Trap Zone!Hello traders and investors! Let’s see how PLTR is doing today! This one is one of the stocks I have on my radar, and I’ve been following it closely, and we have been doing weekly analyses about it.
In the 1h chart we see that PLTR is inside a Trap Zone , just like several other stocks. A Trap Zone is the area between the previous resistance (in this case the black line at $ 27.45) and the ascending 21 ema, which is squeezing the price within an area that gets tighter as time passes.
At one point, PLTR will be forced to do a breakout, but we just don’t know to which direction it will go. I don’t see a bright future if PLTR does a downwards breakout, as we are already quite close to its support, the red line at $ 25.18.
But if we consider an upwards breakout, the daily chart can offer us more clues:
The area between the gap (dotted line) and the previous resistance at $ 30.25 would work as a natural target if PLTR does an upward breakout from the Trap Zone. The only thing that is missing on PLTR is a nice volume .
In the worst-case scenario PLTR would hit the blue line at $ 22.50 again, while in the best-case scenario it would hit the $ 39.32. I think we can start working with the targets that are closer to us, for now.
What are your thoughts on PLTR? Remember to follow me to keep updated about my daily analyses on stocks, and if this idea gave you a new insight, please, support it with your like!
For more analyses, check the links below.
Thank you very much!
Keylevels to watch for Bitcoin/DollarThe $51684.9 level is a strong S/R line because this corresponds to a Kijun Sen flat line and Senkou Span B flat line.
We can see that the current 4-Hour japanese candlestick has its high that corresponds to this $51684.9 value.
In an uptrend scenario, the keylevels to watch are :
$51684
$52679
$53668
The price might go down to $50004 (H3 Tenkan sen flat line + Kijun sen flat line) before going uptrend again.
$50004 might be a strong support for the price.
Let's look globally - what are the targets for bitcoin? BTC/USDTHello dear friends.
At this time, let's take a golo look at the situation with bitcoin, and try to determine what the probability is to see the price of 90,000 for one bitcoin.
On this trading idea, I showed you the figure of price uncertainty - this is a "symmetric triangle"
Only professionals can trade such patterns, and those who determine the price of bitcoin - by selling it at the upper bounds, or by taking bitcoin - from "weak hands"
None of us can estimate 100% where the price will go, but we trade within the day. (and so far we are not bad at it)
I cannot show everything that is on this graph, but I will try to describe it in simple words.
This "symmetric tregolnik" formation can be traded only if the price (true breakout + price creaking, or better, when the price has rolled back to the support zone, or resistance in the event of a fall), you can enter a position defining where the price will go after the breakout of this triangle)
Analyzing the of the situation with bitcoin, we had such formations in 2013-2015. Look how they deceived everyone by making a big squeeze down, and bought all the positions for a further hike up. Then, for many traders, this squeeze meant a continuation of the fall, and everyone entered a short position, where they lost, lost and lost their "pennies".
If we look at it globally, then cryptocurrencies will be accepted into the world, the economy of the whole world should change.
I will not tell you that now you need to buy bitcoin, or sell it, but I want to say that if what I wrote to you in the previous trading idea takes place, as well as when they confirm going beyond the boundaries of this triangle, keep bitcoin up to this mark at 93500-97000
Because we are on one of the bullish formations in the global upward channel.
I will post it here under this trading idea.
In addition, if the price breaks outside this triangle, its correction will be the same as the price gap between the high and low points of this pattern.
Moreover, the price, no matter how strong the purchase of blocks, will be brought to such marks as - 18000-21500.
On which a quick purchase and return of the price to the initial position is possible.
Bitcoin: BEARcoin, SIDEcoin, or BULLcoin?Hello Traders! Bitcoin as of the moment is very volatile, so prices will go in any direction possible. So today, I present to you the 3 most likely scenarios for BTCUSD.(not in order of likeliness)
1. A Head And Shoulders Pattern is Forming
An H&S pattern may be forming. If it happens, the Left shoulder and Head are already formed. The right shoulder is on the first half of its life. We still have to wait for confirmation if this pattern will happen.
If this happens, we can expect a steep breakdown with a heavy volume of the $30k support for the price to tumble to the next support of $25k.
2. Consolidation in the 30 to 35k range
Bitcoin may consolidate into the 30 to 35k range, as the 35k zone is already resistance. This will happen if the market is still deciding on when to be a bull or a bear. Consolidation may last for 2-5 days only, because of the current volatility of the market right now. After, it is a matter of up or down.
3. The Bitcoin uptrend will just continue
It is possible that the Bitcoin bull trend will just continue. The 3-times-hit-by-steep-pullbacks bullish trendline still isn't broken. If this scenario happens, we can expect a rally to 40k, and we will see what happens after that. Either a double top or a bullish continuation. And mysteriously, there is a Bitcoin cycle... check the Related Ideas below. Still, we have to wait for confirmation, by breaking the 35k resistance.
What do you think? Are you a BULLcoin, SIDEcoin, or BULLcoin? Tell me in the comments below!
Thank you for reading! Make sure to like and follow for more!
DASH/USDT Wedge Formation: Bullish ScenarioSince early November, DASH/USDT is following an upward sloping trend line. Since two weeks, the pair is starting to form a wedge.
Today, the price has bounced off the trend line yet again, signaling a new upward movement in the short term.
My take is that the price will continue to rise until the $114 area. If you're feeling confident, a $120 target might better for you, albeit risky!
EUR-USD What next? Two Scenarios in a new Channel!
Hello, Traders!
EUR-USD is now trading in a new channel
And so far it seem like there are two potential scenarios
1- The pair will first go Up, to resistance, then Down to support
2-The pair will first retest support, and Only then go Up
To retest the channel boundaries
So far EUR-USD seems to be following the first scenario
But lets see how things play out
Like, comment and subscribe to boost your trading!
See other ideas below too!
Nasdaq ScenarioNasdaq Scenario For Today
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NAS pushed up almost to 12452 Mark, but it rejected since it is a major S/R zone.
Right now i think that we can either expext a correction to the downside or a push upwards depending on
if the reject this currenct zone or not.
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Trade safe, we in this for the long term.
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
Nasdaq ScenarioNasdaq Scenario For Today
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Yesterday NAS went all the way up to ~11980 Mark and right now looks like it is pushing to ~12209 Mark.
Note that ~12209 is a major resistance zone, last time NAS was at that point we spiraled down.
Right now i expect NAS to get a correction (see ABC) and even go as further as correction into a
downwards channel. The other possibilty is that NAS will go further up, but it is too bullish for me and i
expect that correction.
Another possibility is that when the election results are in NAS will be moving mad, since i expect big
banks from Europe and Asia to have either major buys or sells.
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We have to keep in mind that market is really volatile right now and it might be better to wait until the
election results are in.
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Trade safe, whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
Gold ScenarioGold Scenario
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Be cautious when taking this trade, tommorrow is NFP. Might be better to sit it out.
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We have to keep in mind that market is really volatile and stoploss hunts are frequent.
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Trade safe, whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter
EURJPY Swing ScenarioEURJPY Swing Scenario
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We can see a possible inverse cup handle, this is on the daily so this is a big swing trade.
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Trade safe, Whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg give me a like and follow.
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ScenarioPainter
EURCAD ScenarioEURCAD Scenario
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EURCAD was consolidating, broke out and found rejection since it is in a major S/D zone.
Right now we can either see it break to the upside of the zone and go further up to ~1.55764 Mark.
Or it will go back into the consolidation box and either go up or down to ~1.52909.
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Trade safe, this is a volatile pair. Watch out for stoploss hunts.
Whoopty
Past performance is not an indicator of future results
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Let me know your thoughts and questions, don't be greedy dawg give me a like and follow.
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ScenarioPainter
Nasdaq ScenarioNasdaq Scenario For Today
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Nasdaq has broken out of the channel and went up to ~11615 Mark. That zone is a big resistance zone.
If nasdaq breaks through the zone we will go up to ~11980 Mark. If it fails to break the zone we are going
back into the box and we will go down to ~11206 Mark.
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We have to keep in mind that market is really volatile right now and it might be better to wait until the
election results are in.
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Trade safe, whoopty
Past performance is not an indicator of future results
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.
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ScenarioPainter