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SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario. We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago. This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
AMEX:SPYLong
by mwrightinc
2
SPY to $585?: EOY Price TargetUsing the Magic Linear Regression Channel on TradingView.com we look at some possible scenarios for SPY price movement. A shorter term regression channel shows SPY at the top of the channel and rejecting it today - even with more buyers than sellers in the TradingView Volume Footprint chart view. The bottom of the channel converges with last pivot low near $584. It could conceivable go lower, but with lower volume likely during the holiday season, it would seem less likely for it to make any more big moves barring some major unexpected event.
AMEX:SPYShort
by mwrightinc
7
TSLA to $420?TSLA has been on a tear over the past month or so. Using the Magic Linear Regression Channel indicator we look at the chart of TSLA and see that it has blown through a lot of the parallel channels, making it seem difficult to pinpoint. But, by adding an outer Fibonacci band to the Magic Linear Regression Channel, and selecting starting pivot highs followed by the biggest drops, we can form a channel that has an upper Fibonacci channel that coincides with the all-time high. However, since TSLA didn't get to Elon's favorite number, 420, last time around, I think it will make it there this time before correcting or consolidating. And, it could make it there before the end of the year.
NASDAQ:TSLALong
by mwrightinc
2
NVDA to $170K EOYWith the Magic Linear Regression Channel by @mwrightinc, we built a channel on the daily chart that shows that NVDA looks like it may be beginning a bounce from the channel baseline. Using the Multi-VWAP indicator by @mwrightinc, we can also see that today, NVDA reclaimed the 5 Day anchored volume weighted average price (AVWAP). We can also see that after we lose the bearish data from 5 days ago that we will have a rising 5-Day AVWAP, which, according to Brian Shannon of AlphaTrends, is a MUST before entering into any long positions. NVDA also reclaimed the 50 Day AVWAP. Another very bullish sign. With a second Magic Linear Regression Channel, or by just drawing a trendline from the pivot high close from June 18th, 2023, we can see that $135.58 was broken as support, but yesterday's large bottom wick and today's continued upward momentum suggest that the level may be reclaimed in the very near future. I see two potential scenarios playing out. A bullish one, where NVDA not only reclaims the 135.58 support, but heads back up to the top of the 1 1/2 year-old channel that has been respected at multiple levels. And, a bearish one, where NVDA continues to fall that is indicated by its recent break of a neckline from a double-top. I believe the bullish scenario is more likely, because NVDA has already had a big move down from its earnings, and it actually beat estimates all around. NVDA is a beast, and I'm guessing that it has the potential to reach $170 by the end of the year, if the bullish scenario plays out.
NASDAQ:NVDALong
by mwrightinc
4
Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Propy’s Linear chart has a more realistic invh&s targetI posted my previous Propy chart on here before realizing I had the chart mode set to logarithmic. Log charts also do usually reach their targets as well but sometimes it can take multiple bull runs to hit the really high targets on a logarithmic chart. So I thought it would be wise to switch the chart to linear and show what the linear breakout target would be for the inverse head and shoulders target as it has a much higher probability of reaching this target within a month or few of it validating the inv h&s breakout. We can see the target for the pattern on the linear chart is considerably lower and only at $5.60 instead of the $42 price the log chart has the measured move target at. I can believe that propy could eventually hit $42 but theres no guarantee that happens this bull run, sometimes log chart targets take multiple bull runs to get reached. That being said, it is still very possible propy could reach such a price this bull run, so its wise to include that price target as a real possibility, but also even wiser to not consider it a certainty by any means(at least not for the current bullrun). For now I’m setting my pragmatic sights for the invh&s breakout target at around $5.60(depending on whenever the breakout is actually validated which could take many more dips back below the neckline first) *not financial advice*
COINBASE:PROUSD
by DrDovetail
3
XAUUSD IntradayTraders, Keep a close eye on the Revised UoM Consumer Sentiment release, as any bearish surprises could sway market sentiment, particularly favoring a stronger dollar. Adjust or remove orders accordingly based on the outcome. Here's a breakdown of our analysis: Daily Chart: We maintain a bullish outlook, having responded positively to the bottom of the channel. 4-Hour Chart: Strong support and resistance levels have been breached, signaling potential upward momentum. Intraday: Early hours of today's candle presented favorable trading opportunities, although reversals could also serve as viable entry points for short positions. Exercise caution and adapt your strategy in response to evolving market conditions. Best regards,
OANDA:XAUUSDLong
by AliSignals
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
Linear Regression Second Derivative and Breakout Signal ScriptsUsing Linear Regression of Second Derivative script, we can see that the momentum is down, but that down momentum is actually decreasing, as the downward histogram is making a higher low compared to prior histogram. Also, Breakout Signals script is showing yellow squares at the bottom. This means that the EMAs are stacked correctly, there is a compression(it’s getting ready for a move), the velocity is increasing(price is accelerating) and the DI+ is increasing and DI- is decreasing. All these factors, when combined, give us a high probability that the coin will go up(although nothing is guaranteed in trading which is why we are using stops to protect ourselves from losses) Our Target is the top of that Keltner Channel which has a length of 21, multiplier of 2.86 and ATR length of 14.
COINBASE:APTUSDLong
by ADmytrenko2
7
Linear Lina price ready for impulse movementAt the previous LinaUsdt price "pumps", buyers were still unable to push the price to a strong liquidity zone of $0.032-0.036 Do you think this time it will be possible to push the Lina price to TP 2? Or will the growth stop at TP 1? Or maybe you don't believe that there will be growth at all, and after tomorrow's announcement of the new US CPI (12/07), you expect a strong collapse of the crypto market? Write your options in the comments below the idea. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
BTC bullish potential (30-33k) within the next weeksA careful examination of the 9-12D timeframes using the Ocean Channel indicates that BTC has established robust support around the 26-27k level, while DXY is showcasing bullish momentum but is fast approaching potential resistance around the 103-104 mark. The DXY has been exhibiting a bullish trend after the significant retracement. However, the index's rapid ascent is beginning to show signs of overextension in the short term, with the DXY encountering potential resistance in the 103-104 region. This fast-paced movement and the resistance level suggest that the DXY could witness a retracement soon, likely down toward the 102 mark. Given the robust support BTC has found around the 26-27k range, there is a reasonable expectation that it could witness an uptick in value over the next few weeks, potentially reaching the 30-33k range. This prediction is based on the inverse correlation between the DXY and BTC. However, while the forecast is generally optimistic for BTC, it is crucial to remember that this may not signal the beginning of a bullish run for the digital asset. This cautious outlook is due to the substantial resistance BTC faces in the higher timeframes. Furthermore, the DXY showcases significant support around the 100 level, adding another layer of complexity to the overall scenario. Disclaimer: This analysis is provided for educational purposes only and should not be considered financial advice. It represents an interpretation of the current market trends and does not guarantee future market movements. Always conduct your analysis and consult a financial advisor before making investment decisions. Trading and investing involve risks, including the potential loss of investment.
CAPITALCOM:DXYLong
by HedgeMode
$LINA/USDT 2h (#Bybit) Ascending channel on resistanceLinear faked-out and got rejected forming an evening star with a shooting star on local top, a retracement down would make sense. ⚡️⚡️ #LINA/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.2X) Amount: 4.9% Current Price: 0.01703 Entry Zone: 0.01719 - 0.01835 Take-Profit Targets: 1) 0.01508 2) 0.01305 3) 0.01103 Stop Targets: 1) 0.02002 Published By: @Zblaba $LINA #LINAUSDT #Linear #DeFi Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +48.4% | +85.0% | +121.4%% Possible Loss= -40.5% Estimated Gaintime= 5-10 days linear.finance
Short
by TradingOn
3
Linear Finance is putting "something" into the future Lina priceLooking at the LINAUSDT chart, we can assume that MM is preparing for "something interesting." Who has thoroughly analyzed the Linear Finance project? What is so interesting is about to happen that the Lina price is pressuring up as if a strong breakout is being prepared? Write pls about it in the comments. In our opinion, if there are no dramatic changes in the mood of the crypto market, buying LINA around $0.0125 can be prudent. The medium-term growth target is $0.0335. Long-term growth target - $0.0865 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
29
BTC's Logarithmic TL vs. Linear TL: Vote Now!Primary Chart: BTC's Logarithmic Trendline from the All-Time High to the Present Date BTCUSD's current down trendline reflecting the primary trend can be drawn on either a logarithmic or linear chart. Both charts are used in technical analysis. Logarithmic charts tend to be better at conveying accurate proportions of price action on charts covering a lengthy period of time and a broad span of price action. In the case of BTC, why does it matter? Look at the down trendline drawn on a linear chart (Supplementary Chart below) connecting the same all-time high in November 2021 and the March 28-April 5, 2022 peaks. Notice the breakout? Supplementary Chart: BTC's Linear Trendline from the All-Time High to Present Date Other evidence suggests that the downtrend is not over yet and new lows are likely. But the choppy and trap-filled price action since June 2022 has made it difficult for any directional traders long or short. Care to vote in the comments? It's probably true that each vote reflects the conclusions each of us has reached, and our general market expectations. My vote is that the logarithmic chart is the better TL. But my posts have remained fairly bearish this year, so this may reflect my underlying expectation that no new uptrend is being established in crypto assets despite any sharp bear rallies in the near term. Here are some of the technical reasons (in prior posts linked below) for remaining bearish. But for each of these reasons, there may be other keen technical or fundamental arguments being made for why the lows are very near. Bearish arguments in prior posts: Have a great trading week! ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
Short
by SquishTrade
19
LINA a good situation for spotLinear is a decentralized delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity. The project opens traditional assets like commodities , forex, market indices and other thematic sectors to cryptocurrency users by supporting the creation of “Liquids” — Linear’s synthetic asset tokens. The protocol consists of various products like Linear.Buildr, a DApp used to manage Liquids using Linear (LINA) and other tokens as collateral. The exchange is specifically created to enable trading of a variety of Liquids with rapid confirmation times and robust security. LINA is an ERC-20 token built on the Ethereum network whose main purpose is as collateral for Liquids (using Buildr) and for community governance of the protocol. All token holders have access to the Linear DAO, enabling them to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem. The main goal of Linear is to provide a superior user experience with better scalability and greater speed thanks to the cross-chain capabilities of the protocol. Linear Finance intends to provide a simple solution for users that want exposure to traditional assets while still benefiting from the features enabled only by blockchain technology. Buy setup Entry : 0.0064 - 0.00775 SL : 0.0055 TP1: 0.008 TP2: 0.0083 TP3: 0.0086 TP4: 0.009 TP5: 0.0095 TP6: 0.0105 TP7: 0.0115 TP8: 0.013 TP9: 0.015 TP10: 0.0175 TP11: 0.02 TP12: 0.024 TP13: 0.028 TP14: 0.0342 Spot Run and keep it enjoy Follow me! Copy my trades :)
Long
by rezamehrjuyan