Based on historical backtest of trade strategy. 18H BTC HEIKINASHI If the candle closes at or above the indicated value of the purple line as shown, typical trade is 23 bars with and average profit of 8.18%. This would be a longer term/higher time frame change in structure for BITCOIN. 60k double bottom is still in uptrend. Lower time frames are...
We can attempt to buy WAVES from specified level as 0.618 FIB also intact. SL , TP mention in chart.
NASDAQ:NVDA was over-speculated. It is a component of many ETFs based on all kinds of index funds, from semi-conductor ETFs to Big Blue chip companies, etc. NVDA was the big loss stock for the NASDAQ on Friday. The huge down day was due to many retail investors and smaller funds running for the door. This has nothing to do with its earnings report. It is a...
This could be a very healthy controlled selling on the way toward a retest of our purple selling channel and potentially a breakout thereafter. This is what to look out for - and again this is on the weekly chart so definitely look at lower time frames to get a better/clearer picture Happy Trading :) - TraderDaddyOG
📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. By looking at the Drop-and-Pop fractal we've been watching, we can conclude tat for the short term, the support zones should hold at $140, with wicks as low as $120. We can also take a look at moving averages to get an idea of...
After rising above the important pressure zone of 2,400 points again late last week, it finally closed near 2,390 points. We once regarded this pattern as a strong level to be broken through. Gold has a 4-hour double top structure. Gold fell directly below the low of 2354 in previous days. With support, gold's decline will continue. Gold's one-hour rebound of...
The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place. Breakout and Retest has happened - level - 162. As per the Technical pattern, target of minimum 236 is seen. As mentioned in charts, My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.
Based on the market behavior today, April 10, 2024, I have finally settled on a new structure model of this entire market top. The bullish wave yesterday had all the punch of a D-wave in an Elliott triangle, but then stopped unexpectedly and turned south for a deep retracement. I commented in another topic that this was a leading diagonal, but that structure is...
Good entry here. Long term addition or swing trade. Added VZ long position
NASDAQ:TSLA #TESLA Is currently testing a significant 4 years old wedge for the 3rd time. The stock has lost more than 60% in the last 10 months. Inflation and Tesla's layoffs are the obvious drivers for the recent fall. Below current level, is a free fall to a hard to anticipate zones. Keep it simple. #AHMEDMESBAH
MEXC:TWTUSDT , 1d Following the breakdown of the descending triangle, price also broke below the 200SMA. Now price faces a major resistance level since this area is, 1) previous support turned resistance 2) descending trendline 3) 200SMA Bears will look for opportunities to sell the market at this resistance level. Bulls are in for an uphill battle after...
2024-04-18 $SLERF—The first Elliott Waves This meme coin is being hyped as one of the big money makers in the near future. I don’t know about that, but certainly the large draw down since launch appears to be over. A wave has formed above the down trend that is now challenging the first line of resistance, so far stalled though. Should it break through, it indeed...
🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave...
🕵️♂️ Let's dive into analyzing the Australian Dollar against the Canadian Dollar and see how they compare to each other. We'll focus on lower timeframes for this analysis. 📅 As we start the first day of the week, the market has just opened, and traders are awaiting the American session for their trading activities. Typically, we see increased volume during this...
T-Mobile US rallied to new highs in late 2023, and now some traders may expect continuation to the upside. The first pattern on today’s chart is the breakout in early December, followed by sideways movement. That may suggest buyers have become comfortable with the new levels. Second, Bollinger Band Width has narrowed. Could such tight price action give way to...
FX:EURUSD is forming a bearish trend amid a fundamentally strong dollar index, which is in a bullish rally phase, which is generally negative for the euro. Price broke a strong support line earlier on the global timeframe. Consolidation is formed below the line, which in general determines for us a medium-term perspective, the target of which may be 1.052,...
Trading Plan for Monday, April 22nd, 2024 Market Sentiment: Uncertain, with bulls and bears at a crossroads. Geopolitical risks remain a factor, and market reaction to earnings reports and economic data will be crucial. Key Supports Immediate Supports: 4996-5000 (major), 4990, 4975 (major), 4966 Major Supports: 4958 (major), 4937 (major), 4904-08 (major),...
Litecoin bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support level at 80.5 is possible.