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CRWD ~ Inverse H&S built, ready to pop higherHere's a 30m chart to highlight detail of the inverse head and shoulders built on CRWD. Green line weekly support goes back to the lows of August 2020. Purple box is a large daily gap left from late last year up to $138 area. If looking from peak to trough of the head and shoulders, it's roughly $16 from neckline to low of the head, in a breakout of neckline it could be considered within an expected move to move a similar distance to the upside. That's around the 124.00 area. If looking at the daily chart, LBR momentum indicator is showing a slowing of downside momentum, further adding that a short term bottom may be put in here. Daily RSI is right around 50 as well so there is room to go higher without hitting "overbought" levels. Earnings are a bit away still. No position currently, but will be looking to open one soon depending on price action.
NASDAQ:CRWDLong
by Cheesy-Bean_and_Rice-Burrito
TLMUSDT inverse head and shouldersThe price is testing the neckline of the inverse head and shoulders. The price created the rounded bottom pattern as well. How to approach it? the price needs to create a breakout from the neckline with volume and retest it as new support, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
14
Bitcoin Bottom In? Weekly ChartHey everyone Today i show you an idea about the Bitcoin weekly chart. The bearmarket bottom might was in already with all the bad news we had. I hope everyone was buying in parts while we had cheap prices for a few months. Even if im wrong with this bottom and we go lower its just a better buying opportunity. All you need is patience and you will get rewarded. Of course we can have some random bad news or events that change the market directly but thats not predictable. Important moves i am looking for is an retest of the WMA20 at 19k area. If that level holds it looks very good for pump towards 30k. Another important level is the WMA50 which is at 26k right now. Once that breaks it confirms new ATH in my opinion. If you dont know what coins to buy for the upcoming bullrun in 2023/2024 here is my portfolio. Bitcoin / BTC Ethereum / ETH Quant / QNT Fetch ai / FET Chiliz / CHZ Chainlink / LINK Ocean Protocol / OCEAN XRP Ripple / XRP Dogecoin / DOGE Some other positions aswell but this is the main focus and im very confident in these. I expect this portfolio to 10x during the next bullrun. Leave a like and follow if you like this idea or comment your idea of this. No financial advice! Do your own research.
BITSTAMP:BTCUSDLong
by StackingCash
📢 The Broadening FormationA technical chart pattern recognized by analysts, known as a broadening formation or Megaphone Pattern, is characterized by expanding price fluctuation. It is represented by two lines, one ascending and one descending, that diverge from each other. This pattern typically appears after a significant increase or decrease in security prices and is denoted by a sequence of higher and lower turning points. Normally this pattern is visible when the market is at its top or bottom. The greater the time frame is better the pattern will work. 🔹How to identify Generally, the Broadening Formation consists of 5 different swings. But the swing has to have a minimum of two higher highs and two lower lows. A trend line is drawn by connecting point 1 and point 3 while points 2 and 4 are also joined together to draw a line. These two lines create a shape that looks like a megaphone or inverted symmetric triangle. These swings’ highs and lows have to close above or below its pivot line and therefore they will create swing high as pivot high (R1, R2, and R3) and swing lows as pivot lows (S1, S2, and S3). A breakout occurs when the line does not respect its support or resistance line and closes outside the shape after making the 5th swing. 🔹Volume Volume plays an important role when it comes to the recognition of this pattern. In the Broadening Top, volume usually peaks along with prices. An increase in the volume, on the day of the pattern confirmation, is a strong indicator. 🔹Failures This pattern also can be traded when it fails but is necessary to identify the failure perfectly. A failure can be spotted when it fails to break the trend line (upper or lower as the case may be) after completing the 5th swing. Suppose in a bull market condition, this pattern is formed and if it fails to break the upper trend line, traders go short when the price goes below 3rd swing high (R2). Similar is the scenario, when the market is in a bear phase and it fails to break the lower trend line (S2), traders take a long position when the price closes above the 3rd swing high. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
Crude Oil Daily Chart Seasonal Swing LongChart 1: Looking at the seasonal performance of oil longs taken around this time of year for the previous 2 years, it can be extrapolated that this last week of January coming up is a good time to go long for a swing trade. It can also be observed that there was a W-bottom this time last year and that we’ve just completed a similar W-bottom pattern. The green channel which reflects the general trend pre-Ukraine war in conjunction with the previous year’s worth of price action transposed to the present time suggests a price target of $95 around mid-February. The biggest obstacles will be the red downtrend channel around $87 and the high pivot from October 2021 at 85.41 which together serve as formidable resistance. Chart 2: Chart number two which is below shows that we’ve broken out of a downtrend channel which goes back further than the downtrend channel in chart number one. It also shows that we’ve rejected the Q1 pivot range in the same manner in which we rejected it around this time last year. This is also similar to how we rejected the Q3 pivot range before heading down although of course that was more volatile. These pivot ranges are defined by Mark B. Fisher as the pivot range calculated from the high, low, and close of the first 2 weeks of the year. The suggested entry of 81.64, stop of 79.64, and target of 95 are shown using the long position tool. The entry is last week’s close and the stop is .33% below Thursday’s candle which rejected the pivot range. The .33% stop was calculated as the 5-day ATR multiplied by ten, divided by the close as per my standard protocol. In Summary: Target: $95 Entry: $81.64 Stop: $79.64 R/R: 6.68 Here’s a snapshot of Chart 1 before being rearranged by the publishing process:
NYMEX:CL1!Long
by Skipper86
5
NDQ US 100 INDEX: MARKET MAKERS MAGIC??DESCRIPTION: In the chart above I have provided a MACRO analysis of NDQ that is in fact showing strong signs of PENDING CAPITULATION but I will leave the rest to INDIVIDUAL INTERPRETATION. POINTS: 1. DEVIATION OF 1,000 POINTS is where NDQ usually finds appropriate CONSOLIDATION to then draw out SUPPLY & DEMAND POCKETS. 2. RSI is DANGEROUSLY OVER EXTENDED and looks ready for some PULLBACK. 3. MACD is CONSOLIDATING and moving closer to its MEDIAN SIGNALING A BIG MOVE IS ON THE WAY. *IMPORTANT (FOOD FOR THOUGHT): ALL SIGNS ARE BEARISH BUT IS THAT WHAT THE MARKET MAKERS WANT US TO THINK? TO MANY PEOPLE ARE BEARISH AND PLACING MONEY ON PUTS. JUST DOUGHT MARKET MAKERS WOULD ALLOW FOR EVERYONES CONTRACTS TO EXPIRE IN THE MONEY. SCENARIO #1: A BULLISH scenario would require a hold of 11,000 POINTS followed by SIDEWAYS MOVEMENT or a BREAK of TREND. SCENARIO #2: A BEARISH scenario would require a lose of 11,000 POINTS followed by an AGGRESSIVE BREAK of TREND to the DOWNSIDE. FULL CHART LINK: www.tradingview.com TVC:NDQ
TVC:NDQShort
by DGSTBROKERACC
DAX & S&P500 RELATIONSHIP: MACRO / SUPPLY & DEMAND / BOTTOM???DESCRIPTION: In the chart above I have included and brief macro analysis of the DAX a GERMAN equivalent exchange of the S&P500. Aside from the difference in point ratio the DAX and S&P500 have a special relationship in which they mirror one another usually with the DAX following the S&P500. Nevertheless the DAX in this case can be showing us a different perspective in what is in store for the OVERALL MARKET in the near FUTURE. POINTS: 1. DEVIATION of 1,000 POINTS begins PLACEMENT of SUPPLY & DEMAND POCKETS at YEARS ALL TIME LOW of 12,000 POINTS. 2. Current UPTREND is at RISK of SHARP Incline that is shown by FLOOR OF CURRENT UPTREND CHANNEL. 3. 100 MA (ORANGE MA) is serving as crucial support and agrees with current uptrend along with 45 MA & 200 MA FALLING INTO PLACE . 4. 15,000 POINT RANGE IS OF CRUCIAL IMPORTANCE TO HOLD WITH CONSOLIDATION IN CURRENT DEMAND POCKET. *IMPORTANT: RSI within an 8 HOUR TIMEFRAME has only been seen at these levels 2 TIMES in the PAST YEAR where we usually have come to see a continuation of bullish momentum for 22.5 days if we go by AVERAGES. SCENARIO #1: BULLISH scenario would require a continuation of STEEP INCLINE SUPPORT or at the very least a CONSOLIDATION ABOVE 15,000 POINTS. SCENARIO #2: BEARISH scenario would begin at the moment we lose 15,000 as a SUPPORT & would further continue once STEEP INCLINE TREND IS BROKEN. FULL CHART LINK : www.tradingview.com XETR:DAX SP:SPX
XETR:DAX
by DGSTBROKERACC
Bitcoin where is bottom? - Levels to watch for BTCTook while to publish new idea because of some private stuff and very busy with with making better improvement with @HeWhoMustNotBeNamed on our scripts for Harmonic patterns. Couple is reason why I post here and now is just to publish again on TV some public TA. Maybe I'm wrong this time, maybe bottom is far away or BTC already make bottom (it's in zone what I publish and talked with some of my friends year ago). But this is some levels and possible EW what I looking atm. Back in January 2022 when most "influencers" post moon charts here and on social media I replay to some of tweets that I not agree with new ATH before we see good correction. On screenshoot above that is tweet when I tweeted with some friends. First I want to share here monthly chart and level what is interesting to me. That is 13880 (on Bitstamp exchange). Back in December 2017 that is level where candle close (January 2018 open or yearly open). We can see after 547 days or 17 months or almost year and half, we tested that level to tick and get hard rejected (almost tested last low (drop to 3850 and most mention bottom was 3122.28). Later Oct' - Nov' 2020 when finally Bitcoin reached again that level and broke BULL run started. Like I mention on Tweeter (like you see on first screenshoot) I was wondering what can be Elliott Wave for this scenario if we get there and broke under last bull run (19666 back in 17 September 2017). This is what I guess atm is possible EW count. I have two possible scenario for diagonal ending (because of some important levels (little bit more zoom on last part of diagonal ending and levels to watch). One very important thing is what I'm not very positive for this TA is rest of market (looks to me still alts need to go more down, BTC dominance is low, need to go more high) but maybe for sake of bulls I'm right and soon we'll see some push up. Be careful. REMEMBER ▶ You don't need to catch bottom, you can always wait for confirmation (if this is bottom will be nice bull run and you can buy on pull back) ▶If you are holder (not trader) always is good idea to add in your portfolio on some specific levels instead to buy all in just one level (keep in mind to have Stop where is your idea invalid or you can be bag holder, what I tweets a lots of time on top for ALTS, they are now 70 -95% drop). Stay safe and good hunting
BITSTAMP:BTCUSDLong
by CryptoArch_
1
MARKET BOTTOM PREDICTION!!! DXY & ES1! (MACRO ANALYSIS)DESCRIPTION: In the chart above I have provided a MACRO ANALYSIS of DXY. And what should only be taken as SPECULATION & as a POSSIBILITY since patterns tend to repeat themselves. The chart above includes an overlap of DXY & ES1! in an effort to observe their inverse & parallel relationship. POINTS: 1. DXY shows a COMMON DEVIATION of 10 POINTS justifying the placement for SUPPLY & DEMAND POCKETS. 2. A VERTICAL YELLOW LINE is indicative of a MARKET PEAK. 3. A VERTICAL GREEN LINE was placed after a VERTICAL YELLOW LINE to signify when MARKET BOTTOMED. *IMPORTANT:Between every MARKET TOP & every MARKET BOTTOM DXY FLUCTUATES a total of 20 POINTS BEFORE THE MARKET 5. PAY CLOSE ATTENTION to the recession of 2007 - 2009. After DXY saw its first 20 POINT FLUCTUATION DXY hit 80 and bounced back to 90 POINTS. 6. Moving onto RSI we can see that DXY COMMITS to its RSI TREND throughout a RECESSION which does in fact lead me to believe that current RSI levels for DXY will follow a Down Trend similar to what was seen from 2000 to 2003. SCENARIO: - With all this in mind we can speculate that DXY will CAPITULATE to 95 POINTS before seeing a bounce allowing current UPTREND CHANNEL for DXY to find some CONSOLIDATION. This will also allow RSI too COMPLETE a DOWNTREND SIMULTANEOUSLY. *PREDICTION: If DXY is to fall to 95 POINTS that would be the equivalent of ES1! falling too 3,600 OR SPY to 360* TVC:DXY CME_MINI:ES1! AMEX:SPY
TVC:DXYShort
by DGSTBROKERACC
LONG WAY TO THE BOTTOMMy theory is that we have a long way to go to reach the bottom of the market SP:SPX . Based on my previous post, which I have linked, we would have to reach some sort of support before coming back up. The current price I'm looking at is $2,191.86 . From the all time high in 2022 of $4,818.62 to that price is a 54% drop. See that the drawdowns of the past few recessions have been around 50%. This gives me more confirmation that my theory is true and we shall see how long this winter lasts!
SP:SPX
by jeanius_tech