Breakdown
GBP JPY - not over yet on the weekly TFMaster Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
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Below are some of the take aways from the video - please listen again incase any detail is missed.
Weekly zone
Monthly
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SPY does a rising wedge suggest a reversal? SHORTSPY on a 30 minute chart shows a rising wedge over the past week. Price is now under a nearly
flat upper trendline of resistance while the support trendline is rising. The dual TF RSI
indicator shows strength about 70 while the zero lag MACD shows a K /D line cross.
Because of this I believe, SPY may retrace to 468 or the level of the Fib 0.5. Since SPY is a high
volume high liquidity slow spread instrument I see a buying a put option or s short swing trade
short on the shares as strong consideration for the next trading day if the breakdown is
confirmed.
BTC ANALYSIS🔮#BTC Analysis : Pattern Formation 💰💰
📈 #BTC is making perfect Double Top Pattern and also there is a breadown of trendline. We can see a dump in #BTC. If #BTC sustains this breakdown then we will see a bearish move🚀🚀
📊 Current Price: $58190
⏳ Target Price: $52069
⁉️ What to do?
- We can trade according to the chart and make some profits in #BTC. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲
#BTC #Cryptocurrency #Pump #DYOR #Breakout
Bitcoin Entering A Large Demand Zone- Bounce or Break Down?Hey everyone! It's been a while since I have posted some technical analysis as I have been taking a bit of a break from the markets. But now I am back in the game, it's time to get back to some good ole charting! So now that I am back on that BTC trading grind, it's time to get back to some TA posts.
Bitcoin has been getting pretty hammered for a while at this point. BTC's price is hitting into a large demand zone in the 58K-60K range. We haven't broken the 60K price range yet, and we are showing some oversold conditions with momentum pretty much in the toilet.
The next big demand zone below where we are now is in the 40K range, but I highly doubt that we will break down that low. It's absolutely possible though, so if I were you, I would be safe guarding my stacks until we know for sure, but of course, this is not financial advice. My play is to day trade futures and then stack some cheaper on-chain BTC while the prices are low and lowering average DCA price. I will keep stacking like this until we break above 74K, then I will hold what I have until we top out for the cycle and trade into stablecoins to ride the wave down.
Be watching for a bounce at or around this level, it could be a good chance to go long and make some good profits. Of course on the flip side, we need to be watching for a break down below this zone. If that happens, I am going to be looking at 40K for the next stop as there really isn't much market support below the level we are in now.
Do you think the Wall Street players and their ETFs will let Bitcoin go below 58K? Would love to know your thoughts in the comments!
LINK ANALYSIS🚀#LINK Analysis : What Next ??💲💲
✅As we can see that there was a formation of "FALLING WEDGE PATTERN" in #LINK and given a breakdown. We are expecting a little retest towards support level and then a bullish move📈
🔰Current Price: $13.455
🎯 Target Price: $19.227
⚡️What to do ?
👀Keep an eye on #LINK price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#LINK #Cryptocurrency #TechnicalAnalysis #DYOR
+4R Tricky NZDUSD BreakdownAnother trade breakdown
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Arcblock triggering a h&s breakdown on the 4hr chart.If it reached the full breakdown target it will head to 3.12. However being a smaller time frame and a bearish pattern in the middle of a bull market cycle, it does decrease the odds of it hitting the full target. I think 3.12 would make for a solid correction for ABT after making such excellent gains the past few months. I do still think after it finishes this correction it is still likely to hit the full measured move target of the log chart bull flag it broke up from awhile back and that this bear pattern breakdown is simply a correction along the way. *not financial advice*
SHIB ANALYSIS (4hr)🚀#SHIB Analysis : Pattern Formation
🔮As we can see in the chart of #SHIB that there is a formation Head And Shoulder Pattern and it's a bearish pattern. If the candle retests the neckline then we would see a little dump in #SHIB📊
🔰Current Price: $0.00002340
🎯 Target Price: $0.00002060
⚡️What to do ?
👀Keep an eye on #SHIB price action. We can trade according to the chart and make some profits⚡️⚡️
#SHIB #Breakdown #Cryptocurrency #TechnicalAnalysis #DYOR
Bye Bye DollarShort term uptrend broken. Is heading to the uptrend line from Jan 2022, and I think it can break it down. I'm already short in Dollar against AUD and GBP and I have been adding. And I will add even more. To make it even worst for the Dollar the index broke down the uptrend with a HS. I don't need another trade to close out the year. This is the one, all in. I won't close my positions until it reaches my target.
+4R Textbook trade breakdown☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Bearish trend breakdown in the daily chart of HDFC BankAnother breakdown in the daily chart of HDFC Bank.
It has respected support at 1480 but we may see a dip if the same is broken.
There is a sort of a double top pattern made before the breakdown which makes me bearish.
Can sell for targets below 1420.
Educational purpose only