Alltimehigh
BTC trying to breakout of ascending triangleCould be wishful thinking and impatience to get BTC out of this ascending triangle and into new highs but looks like we just finished a wave 1-2 and middle of wave 3 for 5 wave structure up, abc correction to retest and then off to the races. Otherwise could be setting up for another rejection and back to lower triangle support line to try again.
PEPSI-CO video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: PEPSI is sitting around strong supply in blue and all-time-high so we will be looking for sell setups on lower timeframes.
on H1: PEPSI formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
DOW JONES video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for DOW JONES, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
BITCOIN ALL TIME HIGH ANALYZE! AFTER THE RISING WEDGE PATTERN FAILED AND THE PRICE IMPULSIVELY RISE AND BREAK THE ALL TIME HIGH PRICE
WHERE IS THE RESISTANCE?
WHERE WILL BITCOIN STOP AND DO HIS SECONDARY REACTION? (DOW THEORY)
IN HERE I WILL USE THE GOLDEN RATIO 2.618 OF XAY FIBONACCI EXTERNAL RETRACEMENT AND THE PRICE WILLBE STOP AT 371.707B
DISCLAIMER ON!
BTC USD longs if the USD bleedsHello traders and analysts,
We have seen a successful Bitcoin rush for the fresh supply/Alt High.
The USD remains under pressure to become cheaper for long exposure for the new year.
So long as the recovery of the US remains oncourse, then we will see further DXY weakness.
This does not track the USD, however the fresh rush into the coin has seen a new extension or consolidation into December - this will be an interesting month for flows.
Two scenarios
Exetnded target to break 20K
or
Downside to retest the previous wicked demand flow.
Many thanks,
Team Lupa
BTC Possible Moon or Back to Earth as always ?From the weekly chart if the candle closes above 2017 ATH then we can definitely expect a BTC to moon but the question is will bitcoin stay above the all time high or whales gonna manipulate the market crash BTC once again.
I'm sceptical about BTC crashing since we waited almost 3 years for BTC to hit new ATH, it think BTC is going to stay above ATH and hit new ATH continuously.
next short term goal for the BTC is 25000$+, if BTC crosses this then there is not stopping, we can expect BTC to reach moon soon :)
If BTC hit new ATH will it affect alts ? yes its definitely going to affect alts, i have published a separate article on how alts price varies with respective to BTC. link :
Thank you for reading.
Moving in on the All-Time High - What Will BTC Do Next In my previous ideas I showed you how BTC is following a perfect parabola at the moment. It hasn't broken in months now.
If we keep following this parabola we can expect that the price will break through the all-time high in only a few days.
It is very difficult to come up with a sane trading strategy if it does. A common strategy that I like in such situations is to trade with a trailing stop-loss. Essentially you keep dynamically increasing your stop loss every time the price goes up.
You have the infinite potential of a coin that's mooning while having your risk capped at the same time. A great win-win.
The resistance on the all-time high is incredibly important though. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high.
Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain.
-Trading-Guru
In-Depth Review of What Caused the Dump - What Will Happen NEXT?In this technical analysis I will walk you through the recent price action on BTC, starting with how the parabola got developed, where it got broken, and the massive reaction that followed upon it shortly after. Then, I will explain what I think is important to look at next.
First of all, let's do a quick recap of the parabola. In my last few ideas on BTC you can see I have been closely following this exponential trend. Definitely one of the more beautiful parabolas I've seen. Even now you might wonder, "but trading-guru, the parabola got broken right so it got already invalidated.". Well, I see it slightly differently. Look what happened exactly at the moment the price broke out of the parabola.
There was a MASSIVE response to the parabola being broken, with an immediate 10% loss (first ~5% till the parabola and then an instant extra 10%). To me this confirms that people are looking at this technical pattern (trading consists of 50% self-fulfilling prophecies) and that the parabola does hold future value.
It's the same as with horizontal support and resistance zones. You can use them to bet on reversals, but when there is a break-out you often see very strong responses!
The great thing about the drop in value is that we finally got some prices again we can work with on the chart. I am not a big fan of charting rising prices in white charting canvas. I mostly appreciate horizontal zones, more than technical indicators and such (I do occasionally use them, not saying they are bad. Just trying to support my case with price action first).
I charted the first horizontal zones here on the 1h, and I imagine over the following days I will publish a few more ideas with newly created zones. If we want the price of BTC to stay high, our eyes need to be on this zone.
If this zone holds, I would say we can go in for a nice long trade again, but if it breaks I will keep my short recommendation for a bit longer.
Trading is just mapping risk-reward set-ups over a long period of time to get the statistics working in your favor. In this case if you have good risk-reward it doesn't matter too much if you're going long or short near the support zone. I suggest betting on the long reversal as close as possible near the support zone since the price already dropped 15% and it does look like the bears have lost their momentum.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
S&P - US500 video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
NIO: Be aware of this Key Point!Hello traders and investors! Let’s see how NIO is behaving this Monday!
Well, as we expected in my last analysis (Friday), NIO defeated the $ 49.36, triggering a pivot point , and now NIO is just flying again. If you missed my previous analysis, the link to it is below, as usual.
The stock is flying, and there are absolutely no top or reversal signs ahead! NIO is doing very well!
The green line will work as a support in the future, along with the 21 ema, which is going up too. Now, NIO is about to retest the $ 54.20, which is a previous resistance (black line).
Let’s look at the daily chart for more clues:
The black line is the most important point for NIO right now , as it not only a previous resistance, but the previous All Time high (ATH), and a pivot point that could lead it to record highs.
The fight will be intense near the $ 54.20, but since the trend is bullish, the odds favor the buyers . Even if it drops a little, there are several supports around. So, there’s nothing to worry here.
As we discussed in my last analysis, the low volume during the correction seen in the past few days indicates that NIO was just resting a little, before the next explosion.
Let’s keep our eyes open here, as NIO is at a decisive moment! And follow me to keep in touch with my daily updates and support this idea if you liked it!
Thank you very much!
Have a nice day!
[BTC/USD] The Road To Reaching $20,000+! - By Trading-GuruHi everyone, in this detailed technical analysis I will walk you through the most important technicals on BTC/USD at the moment. Most importantly, I will discuss the parabola that has predicted the previous increase in price very nicely. Then, I will explain what things you need to take into account when the price reaches the horizontal resistance of the previous all time high.
I always try to make the chart as self-explanatory as possible, but here is a more in-depth written explanation if you want to understand the narrative better.
Parabola
Here is the order of touchpoints on this parabola that with every step gave us slightly more evidence about the incoming increase in price:
The first of the touchpoints on this parabola were from the 5th of September. We see that the price has hit a temporary low near the $10,000 mark after a big hit in the price coming from $12,000
The second touchpoint happened on October 8th. We can already see here that every time the price dips the bottom is a bit higher than it used to be. For the first time, you can start to see a bullish trend .
From the 19th of October it becomes more evident that the price is rising, the touchpoint here was enough to let the price jump into the air. BTC is officially taking off, in just two days the price increased by 10%!
Early November we see multiple interesting touchpoints. The price is still bullish but struggling. It reached around $14,000 three times in a row and it got rejected on every attempt. Then, when it hit the parabola the price jumped up again!
And finally, the last recorded touchpoint. My previous idea was published around this level and we saw that this parabola holds future value as well as historic value. It beautifully responded to the parabola support, and helped us to predict another rise in price. Technical analysis becomes way more interesting if it can predict causal relationships!
If the parabola holds we can expect the price to struggle around the $18,500 level for another 4 to 5 days. Then if it touches the parabola and it holds, we can expect the next jump in price. Will that be the jump to propel BTC above the previous resistance?
By end November this parabola predicts a price of over $20,000 for BTC! Bringing it close to the resistance of the all-time-high. The resistance itself has many ways to trade it. To decide on the exact level of the resistance I looked at the all time high. The highest level that BTC/USD ever traded on on Bitstamp was around $19660. We obviously expect resistance around this level.
Horizontal Resistance Level of the ATH
Be mindful of the consequences of this level beyond technical analysis. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high.
Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain.
The parabola support has been very interesting recently. Perhaps we need to start considering adding an alert for it on 100eyes too. Now that you understand all the possible consequences in depth it's time to start placing your orders. Best of luck in your trading!
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S&P Analysis Week of 11/21/2020: Thanksgiving WeekHow will the shortened trading week affect the markets?
It's Thanksgiving week in the U.S. and that means markets will be closed on Thursday, a shortened trading session on Wednesday and usually a light volume day on Friday. The meat of the trading week will most likely come on Monday & Tuesday. Anything can happen though so just be ready for any volatility this week.
Last week did not have much action (a lot of sideways movement) so there wasn't much of trading for me.
Price did, however, form a triangle wedge pattern. These are unpredictable in my opinion so it is better to wait for price to breakout or breakdown (with retest confirmation).
I've marked the different trade setups I will be looking for going into the trading week.
REMEMBER TO NEVER PLAY THE BREAKOUTS. Wait for the confirmation.
"When it feels really right it's probably wrong and when it feels very wrong it's probably right."
Good luck, be careful and don't forget to hit the like button.
Background: I try to keep my charts as simple as possible with focus on the major resistance and support lines which has served me well. I don't not use any indicators (moving average, volume, oscillators, etc.) or complicated methodologies (i.e. Elliot Wave Theory) which can be difficult to predict price and provides false indicators.
Just one big bull run? Only up?❕📊Everyone knows we’re approaching the ATH and this time it wasn’t just a quick hype spike up. Just a thought looking at the weekly charts, now what if that big retrace like last time doesn’t come??
Not ruling out the possibility that this may only drop down to 15-13k before ultimately climbing higher again after consolidating..
We all know bitcoin has potential but how much of it will it show this? 25k? 30k? 50k? 100k?
Every dips a nice dip at this point.
Still will be looking for a potential short when a retest is in the scenario, in the meantime bulls are shining