Whether it can be supported near 90375.2 is the key
(Title)
Whether it can be supported near 90375.2 is the key
(Some of the big picture content has been modified)
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(BTCUSDT 1D chart)
BW(100) indicator (90375.2) has risen above.
Accordingly, the 90375.2 point is likely to be an important support and resistance point.
Therefore, the point to watch is whether it can be supported near 90375.2 and rise above 3.14 (93570.28).
If not, we need to check if it is supported around 2.618 (87814.27) ~ 1.618 (89050.0).
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If StochRSI < StochRSI EMA, it is likely to fall.
Since StochRSI EMA has never touched 100 so far, the downward pressure will increase as it approaches 100.
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This volatility period is until November 20.
Therefore, we need to check in which direction it deviates from the 87.8K-93.5K range and maintains it after this volatility period.
The target range is around 3.618 (98841.11).
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I have talked about the big picture below several times.
Since we touched the target range of 81K-95K that I mentioned earlier, I'm going to make some corrections to the explanation in the big picture.
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I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support or resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Oscillators
TSLA pullback playIt's been a while since I've shared an idea, but here I am bored on a Friday, a day I seldom trade, and thought I'd share an analysis for a TSLA pullback.
TSLA has been one of the hottest stocks but it's my analysis that it's overbought. While it's Bullish overall, in my view it needs to cool off before further upside.
This is strictly an idea, no guarantee that it will playout.
Happy Trading!
MINDA CORP 61% retrace with Decrease in volumeHello Everyone,
Minda Corp Trading at 494 after making lifetime high oe 645 its retrace fibbo 61% also trading at EMA 200 levels at daily timeframe, Decrease in price with decrease in volume wit RSI oversold and Positive divergence goood long set up possibility for swing as well as positional.
Quiet U.S. calendar provides window for possible silver squeezeA squeeze may be underway in silver with a hammer candle printing on Thursday. Traders took one look at the intersection of uptrend support established in February and horizontal support at $29.66 and baulked, sparking a price reversal often seen around market bottoms.
While indictors such as RSI (14) and MACD continue to provide negative signals, favouring a bearish bias, the price signal hints we may see further upside in the near-term.
$30.80 is the first topside level of note with the 50-day moving average and $32.18 the next after that. Some traders may want to get long now purely on the price signal, but ensure you use a tight stop given a lack of nearby technical levels to use for protection.
Setups with better risk-reward would be to wait for a potential break above $30.80, or a pullback towards uptrend support, allowing for stops to be placed below either level for protection.
With a quiet U.S. economic calendar next week, we're unlikely to receive fresh catalysts to push U.S yields and dollar higher. The vacuum creates a window for a countertrend squeeze. A far less dovish Fed rates outlook has already been priced in.
Good luck!
DS
Need to check if BW(100) line is created at 90375.2 point
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(BTCUSDT 1D chart)
BW(100) line is showing signs of being created at 90375.2 point.
Accordingly, if BW(100) line is created at 90375.2 point, the key is whether it can rise above 90375.2.
If it fails to rise, it is likely to lead to further decline.
Accordingly, if it falls from the current section (87.8K-89K),
1st: StErr Line
2nd: M-Signal on the 1D chart
Whether it touches the 1st and 2nd areas above and rises is the point of observation.
Accordingly, if it receives support near 79.9K-80.9K and rises, it is expected to create a pull back pattern.
If not, if it falls below 76.7K and shows resistance, it is likely to turn into a short-term downtrend.
This short-term downtrend is expected to determine the trend again by touching the 68393.48-71335.47 area.
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If the decline begins, it is likely to show a greater decline than expected.
Therefore, what we need to watch closely is whether the StErr Line turns into a decline when it falls below the StErr Line.
This is because if the price is maintained below the StErr Line, it is likely to show a decline.
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The volatility period (around November 16-19) is approaching.
Accordingly, it is time to think a lot about response strategies.
When trading spot, you should consider whether you can reduce the investment ratio and buy more when it falls.
When trading short (SHORT) in futures, you must keep the stop loss point.
When trading long (LONG), check if you can use the same method as when trading spot, and if not, choose the time to liquidate.
The reason you can maintain long (LONG) trading is because funds are flowing into the coin market.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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XRP weekly breakout - monster upside ahead?!The XRP weekly chart staged a crazy upward breakout through a longstanding triangle formation. The price exploded above the 200 week moving average, and now we can realistically start thinking about the height of that triangle formation to project price targets.
$3.00 looks a likely target using this sort of projection, and is conservatively well below the all time high around $3.8. Technically we now keenly await a golden cross on the weekly as confirmation of a bullish trend. The best thing about betting on a coin like XRP is its deep liquidity. XRP is not nearly as speculative as the GOATs (meme coin) of the world, yet ships with massive upside potential.
PMBTECH - BOTTOM HAVE REACHED and POSSIBLE TREND CHANGING ?PMBTECH - Current Price : RM1.93
PMBTECH may had reached bottom as we can see in chart there is BULLISH DIVERGENCE in stochastic oscillator. Furthermore, the low is getting higher than previous low indicates some bullish scenario.
In addition, based on ICHIMOKU CHARTS, CHIKOU SPAN manage to climb up above LEADING SPAN 1 (but still below LEADING SPAN 2 - means still inside CLOUD). And today share price is testing to move upward into CLOUD.
Take note also that share price is trading above 50-day EMA. With all the information we identify in the charts, we believe that the share price may move upside in the upcoming session.
1st target will be the FALLING RESISTANCE LINE (blue colour line) , 2nd target will be 200-day EMA. Support is RM1.75 (the low of LONG OPENING BOZU WHITE CANDLESTICK)
Notes : Please study the FUNDAMENTAL of company and also other related news/catalyst. Trade at your own risk.
$SPY November 14, 2024AMEX:SPY November 14, 2024
15 Minutes.
We are in an interesting setup.
Foe the fall 600.17 to 594.37 AMEX:SPY retraced 599 levels.
That is 78% retracement of the fall.
Also, we have a 599 top earlier on 12th November too.
And for the rise 594.99 to 599.23 AMEX:SPY has retraced 61.8% to 596 levels.
Both denotes a limit of double top or double bottom being 599 or 594.
So, until this range is broken, I have no trade on either direction.
Today we will have a one-sided Thursdays move as usual.
My downside is limited to 590 592 levels. So, I will not take any shorts yet.
If 592 is broken, then I will look for 586-584 as target.
That represents 38% to 50% retracement for the rise 567.89 to 600.17.
585 at the moment is also 100 averages in 60 minutes time frame.
AUD/USD sinks to new lows as focus shifts to Aussie jobs dataWhether you’re talking price action or momentum, AUD/USD looks terrible on the daily, taking out the intersection of the US election lows and downtrend support with ease on Wednesday.
Momentum is with the bears; RSI (14) has cut its uptrend like a hot knife through butter while MACD has crossed over from above, confirming the bearish signal. Selling rips and bearish breaks may prove more successful than buying dips in this environment.
The short setup would be to sell here or wait for a potential squeeze towards .6513 as traders anticipate another stellar labour force report – there have been plenty of those recently. That would allow for a tight stop to be placed above the level, providing appealing risk-reward for those targeting a retest of key uptrend support at .6375.
The last time the Aussie interacted with the level during the Japanese market meltdown of August, it resulted in significant bullish reversal, underlining its technical importance. As such, it looms as an obvious target.
Good luck!
DS
The point of interest is whether it can rise to around 98.9K
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Please click "Boost" as well.
Have a nice day today.
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(BTCUSDT 1D chart)
I think there is a shake to touch the target point of 3.618 (98841.11).
This shake seems likely to change into a trend as it passes through the next volatility period, around November 16-19 (maximum November 15-20).
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If it rises to around 3.618 (98841.1), it is expected that there will be a movement to determine the trend again.
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If it falls below 2.618 (87814.27),
1st: StErr Line
2nd: M-Signal on 1D chart (approximately 79.9K-80.9K)
It is expected to fall to the 1st and 2nd above.
Based on the current price position, if it falls below 75571.99, it seems likely to turn into a downtrend.
The 75571.99 point is the BW(50) point.
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When the StochRSI indicator approaches or touches the 100 point, it is necessary to pay attention to how close the StochRSI EMA indicator is to the StochRSI indicator.
The reason is that the StochRSI EMA has never touched the 100 point yet.
This means that the StochRSI indicator will eventually fall below the StochRSI EMA.
In other words, it also means that the decline has begun.
You cannot tell how much the fluctuations will occur with the StochRSI indicator alone.
However, you can tell the start and end of the trend.
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In that sense, there is a high possibility that volatility will occur when the StErr Line is touched.
Therefore, if the StochRSI < StochRSI EMA falls below the StErr Line and the StErr Line turns downward, you can see that the downward trend is likely in progress.
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Have a good time.
Thank you.
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- Big picture
It is expected that the full-scale uptrend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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#TIA GREAT ENTRY !!!If you're looking for a great entry for #TIA now is the perfect chance
On the higher timeframe it signalled the reversal, and now it's at 618 swing retrace
It has confluence with 4H and 1H fair value gap
Stochastic RSI is showing hidden bullish divergence on 4h
What are you waiting for? Now it's the best chance
WTI crude Wave Analysis 13 November 2024
- WTI crude oil reversed from the multi-year support level 66.70
- Likely to rise to resistance level 70.00
WTI crude oil recently reversed up from the powerful multi-year support level 66.70 (which has been repeatedly reversing WTI from the end of 2021, as seen from the weekly WTI chart below).
The support level 66.70 was strengthened by the nearby lower daily and the weekly Bollinger Bands.
Given the strength of the nearby support level 66.70 and the bullish divergence on the weekly Stochastic indicator, WTI crude oil can be expected to rise to the next resistance level 70.00.
Adventure Gold (AGLD) to $3On the above 1-day chart price action has fallen 95% since last October. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Price action and RSI resistance breakouts.
3) Point 1 & 2 are also true for the BTC pair (see 1-day chart below)
4) Price action just printed a higher low on the golden ratio. Fantastic.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: 10x from IB signal
1-day btc chart
For an altcoin bull market, BTC dominance must fall...
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If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(BTCUSDT 1D chart)
There was a shake up and down.
This movement can continue until the next volatility period, around November 16-19 (up to November 15-20).
What we need to look at is when the StErr Line or the M-Signal indicator on the 1D chart rises and touches.
This phenomenon can be seen as occurring because the disparity is too large.
In any case, the key is whether we can withstand this shake.
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(BTC.D 1M chart)
I think that in order for altcoins to rise, they need to show a concentration of funds toward altcoins.
Therefore, I think that BTC dominance should fall below 55.01 and remain there or show a downward trend.
Currently, BTC dominance is showing an upward trend in BTC's shaking.
Otherwise, altcoins are likely to gradually move sideways or show a downward trend.
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(USDT.D 1M chart)
If USDT dominance remains below 4.97 or shows a downward trend, I think that the coin market is likely to show an upward trend (bull market).
However, in order for altcoins to rise in line with the upward trend of BTC, as I mentioned earlier, BTC dominance must also show a downward trend.
Otherwise, there is a possibility that a strange market will be formed where only BTC rises.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Spring '21 Resistance Halts DOGE, Retracement Coming??Here I have COINBASE:DOGEUSD on the Weekly Chart!
Last week COINBASE:DOGEUSD jumped .15 cents or roughly 102% following the final voting count electing Donald Trump the next President of the USA. Along his campaign, we saw a very heavy Pro-Crypto agenda along with the on-boarding of Elon Musk, known for his interest in COINBASE:DOGEUSD possibly being given a position running a "Department Of Government Efficiency".
Price on COINBASE:DOGEUSD after breaking the Aug - Oct '21 Highs has halted right at the Apr - May '21 Resistance. Now with all the speculations coming out about the imminent RISE of price, where is a good place to start investing before the boom?!?!
Based off the High @ .4398 to the Low @ .0805, just before the Break of Structure, We are given some Fibonacci Levels that align with Potential Buying Opportunities if Price needs Support to continue Higher to the All Time High @ .7605.
*Aug / Oct '21 Highs
.3550 - .3025
23.6% - 38.2%
*Mar / Apr '24 Highs
.2290 - .2067
*Golden Zone
.2178
61.8%
The key is whether the price can be maintained above 0.6810
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If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(XRPUSDT 1W chart)
The point to watch is whether it can break out of the box section and start an upward trend.
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(1M chart)
If the price is maintained above 0.6810, it is significant because it has succeeded in breaking through the upper point of the box of the HA-Low indicator on the 1M chart.
In other words, it means that it has broken out of the bottom section from a long-term perspective.
Therefore, the key is whether the price can be maintained above 0.6810.
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(1D chart)
It has risen above the Fibonacci ratio 0.5 (0.7144) that was the target point.
Accordingly, if it receives support near 0.7384 and rises, it is expected to rise to around 0.618 (0.8121).
As I mentioned earlier, if it falls below 0.6810, it is highly likely to enter the box section again in the long term, so you should consider it as a stop loss point and think about a response plan for it.
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The maximum rise point is expected to be around 1.0409.
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It seems that there is an issue related to the ETF of XRP and SOL.
If the ETF issue is over, there is a high possibility of price adjustment, so you should also think about a response plan for it.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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EURGBP Wave Analysis 12 November 2024
- EURGBP reversed from long-term support level 0.8265
- Likely to rise to resistance level 0.8365
EURGBP currency pair previously reversed up from the long-term support level 0.8265 (former powerful support from the start of 2022) coinciding with the lower weekly Bollinger Band.
The upward reversal from the support level 0.8265 stopped the previous impulse wave 3.
Given the strength of the nearby support level 0.8265 and the oversold weekly Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8365.