ATH
KAVA BREAKOUT! READY FOR NEW ATHHello everyone,
This is not an investment advice, just personal thoughts about cryptocurrency called $KAVA
Downtrend line has been active since 6th of April, and parallel trend channels are closing, major support of Ichimoku is strong, Fibonacci retracement levels are finely tuned, this is a new price discovery break-out, let"s see..
How to interpret this chart?
The major downtrend line is bold line, the major support of up-trend line is green bold one.
Inside this triangle, I was thinking that minor support lines are going to be in that predicted channel for break out pattern. And if we gonna closings above the down red line in 4H period chart, this is going to be approval for price discovery period start!
My first bought was around 4,30 where in its accumulation period, this is the last signal in my honest opinion. I'll add some to my bag from this point, wish you all profitable trades.
The aim is vertical dotted line which goes to 10.89 $ and also Fib. Retracement Leves are showing 1.618 (Golden Ratio) is very close to that area and this going to be resistance level in price discovery chart.
Well, lets see. Time the operator.
Trading Idea - #HUT8HUT 8 Mining is definitely a BUY! As a trader, I am searching for the "best" entry.
Find a BUY entry around the POC-area: 4.50 to 5.00 CAD!
TARGET: 10.00 CAD
A short-term SHORT is possible with the rejection at the bottom of the descending triangle: 7.20 to 7.50 CAD
- The share price of HUT8 has risen logically with the Bitcoin-hype to an ATH of 16 CAD (+ 800%)! You could think of quick and easy money.
- Nevertheless, it can currently be seen how the latest investments have weakened the share. HUT8 purchased NVIDIA CMPs worth of 30 million USD to increase the company's aggregate operating rate by about 1,600 Gigahash.
- Bitcoin continues its rally as HUT8 invests in infrastructure. As soon as this process is stabilized or even completed, the HUT8 share will go on attack again.
DJIA - Long and short Setup Breakout or Breakdown US30LTF Analysis on the Dow
Closing in on the Apex so a break to the upside or downside is Iminent.
See chart for trade setup if you take it ..
Ensure to know your Invalidation and use a SL
If you like my work then Follow , Like , share or comment .Much appreciated
BTC Bull or BearI have played with the chart, looking at a possible "Zone" BTC must hit in the next 5 days. I simplified it by omitting indicators and drawings not needed for explanation. As many of us already know BTC price is stalling, signaling a bearish trend ahead. However I have not given up hope that the bull market will continue. It is my theory that btc can still recover if it meets the criteria in my chart. If it does not then we will be testing our support levels all the way down to 44k or lower. I give it 5 days max to shake things off. With the weekend coming this will prove difficult. BTC must hit an ATH by May 4th at 10 a.m. Good luck with your trades everyone!
$FIL: Previous pump still to be reclaimedA lot of things have pumped in the last few days and have reclaimed their ATH from last couple weeks pumps. We're in a bull market. I'm looking for setups like this.
Technically I'm just looking at the daily chart with some fib MA's, we can see the 55ma acted as really good support on this nice correction. Once the 8 period MA rises above the green 13 day? I'd look for long positions with a minimum TP of previous all time high.
Risk appetite in the markets? Checking the $XLY / $XLP quotientI have this quotient in my watchlist to monitor the risk appetite of the market. The AMEX:XLY ETF (Consumer Discretionary) is a good indicator of high risk appetite because its holdings are more focus on growth therefore are more volatile. And the AMEX:XLP ETF (Consumer Staples) is more focus in value stocks, therefore less volatile.
AMEX:XLY with holdings like NASDAQ:AMZN , NASDAQ:TSLA and NYSE:MCD . And AMEX:XLP with holdings like NYSE:KO , NASDAQ:PEP and NASDAQ:COST .
Right now the quotinet XLY/XLP is near a breakout off a base to make an all time high, while its 20 day moving average is croosing the 50 moving average. This are good news to this bull market.
BTC ROI from ATHHere is an interesting indicator I whipped up tonight. Calculating ROI based on when BTC broke its previous ATH. There was a similar dip around this time on both previous cycles. From this indicator you can clearly see just how parabolic we can get in the future. It's also interesting to note that the peak of the previous bull run touched the pull back of the run before that. So, if we run those same numbers we get around 930%-1100% ROI above our bull market start date of Dec 16, 2020. This puts us right around $200-250k for the peak of this run. It also shows a similar peak date within 15-20 days of each other. I am going to be keeping my eyes on this indicator as we continue this bull run.
BTC 128 daily MAIn the 2017 bull run we saw BTC bounce off the 128 daily moving average 4 times.
This would be the first time we see this same thing happening in the current bull market.
During the rise to the current ATH we have been in a bullish divergence, which has ended and the market can breath in fresh new money on the way to new ATHs.
1INCH/USDT Big Breakout to new Highs with a 80% Move 1Inch USDT pair has been ranging within a Ascending Triangle
and consolidating since printing its previous ATH .
We have a measured move of 80 percent as you
can see within the chart .
There are 2 ways you can trade this, you can either fill longs in the area
I have highlighted and use a SL managing your own account percentage risk
or WAIT for the resistance to be broken with
a candle close outside of the resistance and then Long.
This move will take us too the 1.618 fib Extension for some handsome returns .
* PLS note however that its important to monitor how BTC is trading before taking trades in ALTS
as these setups can have there setbacks depending on BTC movements .
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