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Trendlineanalysis

Ethereum - 20% Rally within a day!Hello Traders and Investors, today I will take a look at Ethereum . -------- Explanation of my video analysis: 6 years ago, Ethereum started creating a simple rising channel formation, similar to the one which we are seeing on Bitcoin. Furthermore Ethereum retested the previous all time high back in 2022, created bullish confirmation and a rally of + 250%. Considering that Ethereum is once again approaching the upper resistance level, I do eventually expect a bullish breakout followed by an even crazier rally. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
5
SAIL - 50-70% ROI Potential with an RR of 1:3 - MidTermPotential1) Stock is in uptrend in Monthly , weekly. 2) The trendline that connects highs of 2007,2010,2021,2024 are about to be broken on the upside - Price confirmation indicates the same. 3) Weekly Price shows Morning star reversal. Note : This stock has not participated in the bull rally of 2023. Entry - Anywhere between 122-135. I see aggressive entries can be planned at 135. Targets - 151, 170, 190-200, 260 STOP LOSS - Would consider exit only if monthly closes below 108.
NSE:SAILLong
by Rugminik
3
USDCAD wedge patternThis pair is forming a bullish wedge pattern. The price is likely to break out to the upside in the near future, presenting a potential buying opportunity for traders looking to go long on this pair. However, currently the price is at a support zone, so we consider buying. Our target is 1.37266 price area.We anticipate a potential rebound from this support level, as historical price action suggests strong buying interest in this area. Traders looking to capitalize on this setup may consider entering a long position with a stop-loss below the support level for risk management. The target price of 1.37266 presents a favorable risk-reward ratio, offering a clear objective for profit-taking. Monitoring price action closely and adjusting the trade as necessary based on market dynamics will be crucial for maximizing gains in this trade setup.
Long
by LeoDante_FX
1
Bitcoin - $200.000 price target!Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle formation and is currently retesting upper resistance. We might get a pullback but the overall trend is still very very bullish. -------- Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
4
Here's the rationale for the SEI to riseHi, guys. Nice to meet you I hope today will be a day full of joy It's creating conditions for a rise by adjustment as extended waves. If the upper line of the extended wave is broken upward, candle can rise to the purple long-term uptrend line. If chart ignore the upward conditions of the extended wave and fall down, Green and red lines are likely to be support line. (There should be absolutely no way to break down the red long-term downtrend line.)
Long
by EAGLE_S_S
BTC | Short H4 | Market Exec |Crypto Toppish For NowTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline - Price action is close to a 200 EMA (still bearish for now) - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Fundamental Confluences for Trade: - Nothing new in the Crypto space to start any new hype to enter the market - Crypto ETF craze has passed; wait for the next one maybe for ETH Suggested Trade: Entry @ Area of Interest 62,700 - 65,300 SL @ 68,042 TP 1 @ 59,200 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 53,685 Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
BTC minor reaction to Intermediate degree correctionBitcoin is oversold on time-frames below 6W and overbought on 1D. This means the current move up is a minor reaction on Intermediate correction. I think the price will spike the ATH once again, but the probability price go significantly higher ATH is lower than vice-versa. Maybe around 85k. The price action usually is moving in a channel boundaries. You can see the Primary trend lines on the chart. If to use Fib extension tool & apply it from 4 of April 2021 till the 12 of March 2024 top, the Intermediary correction target is matching with the channel boundaries it is between - 42075 - 29435. (0.382-0.618) I guess the bottom might be near 34k. Plus, we could use TVC, as an additional indicator: on a lower time frames - it was overbought and is not oversold on a higher TF. So in a short term, the probability TVC will continue decline, whiting a couple of next weeks is high. Good luck in your trading and have a massive profit !
BITSTAMP:BTCUSD
by dogecoin_chain
BNBUST | Short H4 | Market Exec |Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline & a Consolidation are - Price action may reverse back towards the previous Demand Zone Suggested Trade: Entry @ Area of Interest 560 - 570 SL @ 580.66 TP 1 @ 552 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 535.15 Risk-to-Reward @ Approx. 2.18 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
2
Bitcoin Post 4th Halving Price Prediction for 2024Hello my friends! I am back after a long break. Bitcoin has just experienced it's 4th halving event. I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach. Here are my findings: - Bitcoin's prices seem to hold for about 60 days, and then either pump or dump. - Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event. - Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days). - Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line. - Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase. My Predictions: - I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024). - I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days). - I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000). Entry and Exit Strategies: - I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position. - Possible entry options are 52-58K , and 78K-88K (once we exist the Cup and Handle). - The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500. Don't forget, Patience is Paramount. Happy trading :)
BITSTAMP:BTCUSDLong
by PatienceIsParamount
Gold breaks new low, goes short after reboundingGold's 4-hour moving average crosses downwards in a short position, and gold's downward space opens up. Gold's 4-hour double top continues to suppress gold's rise. Gold fell below the last new low of 2292, and gold has resistance at the 2300 mark. If it rebounds to around 2295, it can be shorted first. Trading strategy: short gold 2295, stop loss 2305, target 2280-2275 The above is purely a personal opinion sharing and does not constitute operational advice. Investments are risky and you are responsible for your profits and losses.
TVC:GOLDShort
by Donald-king
EURGBP | MT Short H4 | Betting Against the EURPair: OANDA:EURGBP Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone. Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the FX:AUDNZD . Any major movement will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 0.8590 - 0.8620 SL @ 0.8643 TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8522 Risk-to-Reward @ Approx. 2.22 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
How to obtain stable returns from gold tradingIn a financial market full of variables, gold, as a traditional safe-haven asset, has always been favored by investors. Gold speculation can not only bring considerable returns to investors, but is also an effective means to avoid economic risks. However, how to operate steadily in market fluctuations and achieve stable returns is the key that every investor needs to think deeply and master. 1. Understanding the characteristics of the gold market is fundamental The first task of gold speculation is to have a deep understanding of the characteristics and operating rules of the gold market. The gold market is affected by various factors such as global economy, politics, and monetary policies, and price fluctuations are frequent and large. Investors need to pay close attention to the international political and economic situation and grasp market fundamentals so that they can respond promptly when market fluctuations occur. 2. Choose the trading method that suits you There are many trading methods for gold speculation, including spot gold, gold futures, gold ETFs, etc. Investors should choose a trading method that suits them based on their financial strength, risk tolerance and investment objectives. For example, investors with strong financial strength and high risk tolerance can choose to participate in gold futures trading and use the leverage effect to amplify returns. For investors with limited funds and pursuing steady returns, they can choose to buy gold ETFs to reduce risks through diversified investments. 3. Develop scientific investment strategies Developing a scientific investment strategy is the key to achieving stable returns. Investors should formulate reasonable buying and selling points based on market trends and personal circumstances. In an upward trend, you can adopt the strategy of buying on lows and selling on highs; in a downward trend, you should mainly wait and see with short positions, waiting for the market to stabilize before choosing an opportunity to enter the market. In addition, investors should also set reasonable stop loss points to control risks and avoid excessive losses. 4. Pay attention to technical analysis and fundamental analysis Technical analysis and fundamental analysis are the two magic weapons for gold speculation. Technical analysis mainly predicts future price trends through statistics and analysis of historical market data; fundamental analysis focuses on studying macroeconomic factors and policy trends that affect gold prices. Investors should use the two in combination to confirm each other and improve the accuracy of predictions. 5. Maintain a good attitude and patience Gold speculation is a protracted battle that requires investors to maintain a good attitude and patience. Market fluctuations are normal, and investors should learn to stay calm amid fluctuations and not be affected by short-term fluctuations. At the same time, gold speculation is also a long-term accumulation process. Investors need to wait patiently for opportunities and not blindly pursue short-term gains. 6. Continuous learning and improvement The financial market is constantly changing, and investors need to constantly learn new knowledge and skills to adapt to market changes. Gold speculation involves a wide range of knowledge, including macroeconomics, financial markets, technical analysis and other aspects. Investors should constantly improve their investment level by reading books, participating in training, and paying attention to expert opinions. In short, although gold speculation has high profit potential, it also requires investors to have solid market knowledge, scientific investment strategies and a good mentality. Only by thoroughly understanding the market, choosing a trading method that suits them, formulating scientific investment strategies, paying attention to technical analysis and fundamental analysis, maintaining a good attitude and patience, and continuing to learn and improve, can investors achieve success in market fluctuations Stable income.
TVC:GOLD
by Donald-king
THREE BLACK CROWS appear on the S&P500In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index stopped at the Fibonacci support level in August and last week also, so we expect the rebound will be to the 5208 points level and a new correction will begin.
SP:SPXShort
by IsmailAbdulMeguid
BTCUSD | MT Long H4 | Continuing The Run-Up?Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal trendline - Price is close to 32.8% Fib retracement Level - Targeting to trade this position between the Supply-Demand zones as shown with the Horizontal Trendlines Fundamental Confluences for Trade: - Market stabilization from geopolitcal risks and US's strong economic data is happening and may bring back risk appetite - Fiscal dominance concern on the USD may see people try to buy BTC as a store of value (IMO, still not a store of value but as long as the market feels so, I'll go with it first) - Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the BTC fall Suggested Trade: Entry @ Area of Interest 61,500 - 63,500 SL @ 59,843 TP 1 @ 62,648 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 68,838 Risk-to-Reward @ Approx. 2.20 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BINANCE:BTCUSDLong
by weekendanalyst