Long on $BBBY which has earnings today Couple channels in play here- I took this trade (with minimal risk), contingent on BBBY pulling out one of those big pumps it's been known to have. I could see this breaking the channel and going to the downside as well, although that seems less likely to me. Always use risk management :)
TA
BTC 22hr NeilHey everyone, i thought i would share this idea with you all.
On the 22 hr time frame i see a neil diamond pattern forming and price is right tight in the corner.
Ive not really sussed out these diamonds, wether they are reversal or continuation or wether its a diamond at all.
But i also drew out a fractal and it kind of plays out with the drop out of the diamond, so could we be seeing BTC at 25,100 then a retrace and down to 23400 ?
Or is it gonna pump to 31100.....
Also not the channel it is in, and also where the 200 SMA is floating, Probability suggests to me that BTC will follow the fractal, but it could easily fake out to 31100 to break back down.
peace and love everyone
Solana ideaWaaaaSUP everyone, heres another idea out ther based on the 4 hour time frame.
So here we go, what do i base my anylsis ideas on and where do i think price is going to go towards based on probabilty.
1. Bouncing off good support
2. bounce/bouncing off bottom symetrical triangle pattern 50/50
3. macd histobars look like they want to curl up
4 stochastic rsi low
5 hidden bull div
6. money flow back in the green
7. vwap coming up
so ..... SOL could touch support (VAL) again at around $20.30 before making a move up to the top tendline of symetrical triangle pattern which is local VAH at 21.1, top violet line
sorry i should of marked these lines.
I see SOL breaking out and moving up to higher top trend line at around $21.5 to resistance 22.41
So there you have it my idea based on these probabilities :)
happy good friday everyone
ICX longwaaSUP everyone, i just put on a long trade on ICX based on the probability below on the 144 minn TIme Frame
1.hit the 0.706 fib retrace,
2 low on the stoich rsi,
3.low on the mac d wanting to curl up
4 histograms curling up into the green
5 money flow curling up into the green
6 hidden bull divvy
7 measured move to a resistance area at 0.59
However Moving averages are low down and needs to bounce which it looks like it is doing.
Anything can happen, probability is key
LINA : INCREASE VIEWLINA seems to show an interesting volume.
we will follow this coin to see if it's able to confirm from this support zone.
It will be only interesting if it shows a building increase in the coming time frame.
The increased view means only coins that could be interesting for confirmation.
Most coins are still not building long-term increased views.
History doesn’t repeat, but it does often rhyme!So far I’d say we’re leaning more towards repeating. Coming into the local resistance around the same time as the Shanghai upgrade. Will that be the catalyst to slow this rally down? Sending ETH back down to confirm the June 2022 lows as support, and play out exactly like the bear market of 2019? If so, it will be about the same time from the local top to the next Bitcoin halving 11 to 12months. Shockingly similar if you ask me and makes total sense. Perfect price action. To accumulate into the always bullish for all of crypto, the BTC halving. Good luck everyone and be careful!
Possibilities of Spy to 360 1DObserving the daily chart, it appears that a head and shoulders formation has emerged, which may indicate significant changes on the horizon that have yet to be disclosed. This channel has persisted since October of last year, suggesting that a potential shift in market dynamics may be underway. Additionally, if this head and shoulders pattern holds true, it could trigger a significant bearish trend with potential retests of support levels around 360 and possibly even down to 320. Powell's recent tendency to keep his announcements brief and to the point also warrants attention, as it may reflect a cautious approach to managing the economy. As always, it's important to stay vigilant and stay informed as events unfold.
Change my mind! The time is now to reassess the situation.
The bulls have made themselves known again, for now. They are trying to establish a base above the 21wema and the time has come to plan. You probably know timing is everything. But always remember. Plan your trade. Trade your plan.
This chart lays out the bullish scenario for bitcoin over the next few years. Starting from a simple swing trade (the first & smallest column) to a longer term, moon shot trade. The columns are also derived from fibonacci sequences on both axes. And maybe a dash of meme power.
Of course, this is the scenario for the bulls and is relevant until 16,000 is lost. No one knows what the future will bring. That's why planning is so important. To know what you will do ahead of time in either scenario so you have a better chance of making a non emotional decision. But what if this is wrong?! Your an idiot! Well first, you shouldn't copy other peoples trades. Make your own decisions with due diligence (DD) that you are comfortable with. For me, its easy! Risk off as 12,000 becomes the next area of contention. And then reassess after some time. Opportunity is infinite, capital is finite.
But until then, this is the way.
Happy Trading!
DXYI thought i would share my idea, its very brief.
The DXY is still in its downtrend and now is at the top of its downtrend line. Its worth noting that it is in an acending wedge which more likely play out to the downside.
But also it is at strong resisitance, this is the level it hit on 20 march 2020 and tanked, so could we see the same?
One area to note is the orange circle, if the DXY goes down be mindful of the potential double bottom right there.
If DXY drops, stocks, BTC will follow :)
Anything can happen so please always do your own due dilligence :) But im bullish on BTC and probability suggests downside for the dollar?
BTC inverse Head and shouldershey waaasup everyone,
If you have been following me lately you would of already seen my TA on BTC.
Heres an update, It has played out as expected so far and BTC is very close now to that red vector range and big volume gap.
It is still in its range (blue box).
I have now spotted a much bigger inverse haead and shoulders pattern (light blue) but also some confluence of the small decending wedge that BTC is in right now. That would put BTC very close to the liquidity above.
Bookmap is showing Liquidity for BTC at 23K, 24K, 24.35K, 24.65K, 25K.
also at 21.7k but there is over 339 btc at 23 K so thats a wall right there and also 456 btc at 24 K, so thats the range 23-24K.
I am still bullish on BTC, Happy Sunday everyone, and enjoy the rest of your weekend :)
btc 15 minheres an idea ...... BTC 15 min, inv head and shoulders, descending wedge, back up to the range and red vector 23 300.
Could easily also dump to the bottom of the range but im more bullish with seeing a hidden bull div on higher time frame 4 hr, 90, MACD about to turn
we will soon see, be interesting, we have held 23K
BTC updated ideaHey everyone, so i put out an idea last night where i showed a W formation and inverse head on shoulders on the 15 min TF, but it didnt play out.
I have updated my idea, where it is still in its range (blue box) The pattern has changed to decending triangle with base at 23k area but it could also be a decending wedge possibly?
Everything else is still in play, green vector range below, red vector range above, BUT look at that big volume gap above, thats something definetly worth keeping an eye on.
It is also showing signs of support at the 21 SMA with the 200SMA in the middle of that low volume gap.
Soon find out :)
Gold - Too good to be true?Hey fellows!!!
Gold is still pushing down,
On the lower TF we gat what looks like to be a couple of bearish flags breakouts going on.
After gold has been trading in a tight ascending range all week, it finally broke the flag down yeasterday following US news,
And today, it came back to retest the 1870 level and again, US news kicked in!
So here are we now, breaking another flag, to, maybe, go get the 1830ish + level where gold could find some support, so that would be a great target,
Reasons that make me think of a fall until the Target Area:
1) Gold getting a lot of selling pressure
2) It broke a bearish flag yesterday, and retested it today
3) It's breaking another flag right now
4) It retested 1870 with an ugly "not in the textbooks" inside bar on H2, nice
wicks on H4, several engulfings on H1
5) 1870 was also the 50% fib retracement of the last impulse down move
6) the break of the mother bar in H2 is a signal for a sell, like were the past two H4 candles as well,
Ok well again we will see what the market decides to do but hey gold, that a lots of facts that go in favor of a meltdown! Even just temporary, there's only one thing, the 1850 level is on the way. Price bounced on it once, so, it's gat to make it trought otherwise we might see another restet of 1870.
But then after that, ther'es virtually no resistance all the way to the Target Area, knowing that there's an imbalance if you look left on gibber TF
The whole thing about it is, is it too good to be true or, is it like sometimes it's just like in the textbooks?
Market will tell :)
Thanks for reading
Cheers and happy trading!!!
USDJPY had some good short term trades this past week!USDJPY nice rejection off the top of this range!
have a nice sell trade about to close, it did go slightly above the top of this FIB range but did not get stopped out.
How I have been marking my stop areas have allowed the trade to continue and not get stopped out! you gotta keep making adjustments to fine tune your trades.
Can we see this head all the way back down to the bottom?
Patience will tell, patience will tell...
DXY can head up to the 105 area before having a decent drop or pull back...
Keep on, Keep on Peeps!
Good Luck Out There!
BTC 1 hr TF possible rangesHere is my idea on BTC, could play out? It has broken out and retested the main white downtrend line. The new red line is the downward retest line it has to now break.
At the first range i saw a head and shoulders that brought BTC down to retest, Its now in the retest range but i have spotted an inverse head and shoulders in this range, so a break out to the range above is plausable. If it does then maybe a bigger inverse head and shoulders could play out. It would get BTC back up to the Value Area High.
Whats next for VET? CONGRATS with you GAINZ!First of all congrats with your profit on VET BINANCE:VETUSDT . You made 25% (spot trading) if you followed my previous Long call. Check my last post to take a look.
Ok. Whats the deal at this moment? We still have some room left for a upwards movement and this is why:
- VET is in a bullish trend. Check the blue trend line.
- We're moving towards the daily 200 MA.
- We broke the 50 and 100 MA.
- Breaking the 200 MA and the path is clear towards the brown resistance box.
- There is still a decent volume.
But why do you have to be careful?:
- We see a bearish divergence.
- Breaking the trendline means we're in for a (small) correction.
- The brown box is the next resistance zone.
- The 200 MA could give resistance.
Happy trading!!
#TSLA Big Heads have big Shoulders. The weekly chart on #tsla has formed a massive head and shoulders. you see the high volume enter the left shoulder, then the depreciation in volume another smaller volume but higher price making the head, and the lowest volume right shouler, followed but some nice volume.
*can bulls hold? it is a musk company, tis the season and all. But this big head here does not look Bueno! good luck traders, im looking for low volume in premarket sustained after open, and possible long put. no entrys or exits because ill be observing as data comes in.