Get started

Breakoutsignal

TBO Breakout on $ETHThe "TBO" Indicator (we have to type it in quotations because TBO is a ticker here on TradingView) stands for Trending Breakout Indicator, and it does two things exceptionally well: gauge the strength of the trend, and identify when a breakout (or breakdown) could happen. No indicator (just like any trader) will be 100% accurate every time, but based on past performance, we can see that the "TBO" has accurately predicted price breakouts for Ethereum 7 out of 10 times. These breakouts have resulted in moves ranging from 50% to over 500%, so you can understand why we are interested in the current price action showing two "TBO" Breakouts in the last three days. Before we get all giddy and excited about the possibility of a bullish breakout for ETH, let's look at the last 3 times the "TBO" Breakouts failed. Failure #1: June 2016. ETH had already made a major move from ~$1 up to $13 in early 2016. The "TBO" Breakout we're focusing on had a good structure (price above the cloud, three "TBO" Breakouts in a row, all "TBO" lines in the cloud pointing up). There must have been some FUD at the time to drop the price -52% over 2 days, and I don't know what it could have been. Failure #2 and #3: both of these happened right next to each other in 2021. Both of these happened after a huge run starting back in December 2020. So why did these fail? Our guess is because these "TBO" Breakouts were printed after substantial moves over 700%, both in 2016 and in 2020 (funny how those are 4 years apart...). While not every "TBO" Breakout resulted in several hundred percent moves, each successful breakout seems to have appeared after the completion of a bear market lasting about a year. So when we step back and look at the current conditions, it would seem that this is our first "TBO" Breakout after coming out of a significant bear market. For this reason we are long on Ethereum- even if for a move of only 50% or so. What would change our mind is if the price of ETH made a sudden drop greater than 30%, which has happened in the previous failed "TBO" Breakouts mentioned above.
KRAKEN:ETHUSDLong
by thebettertraders
Bitcoin broke the resistance above into April #EasterBullRun !!!I have been following bitcoin for the past 3 months trying to catch the bottom and top of this rally, It's not an easy task so I urge you to take my word as an Easter gift because #BTC just broke the line resistance line above 28K. #EasterBullRun #EasterBullish As usual, We all know it's not possible to catch the top or bottom of any market but 80-90% accuracy is enough to make you win big !! Just buy $BTC and hold till 100k !!
Long
by Kayycoins
Audius with a potential breakout!Traders, Audius looks to be breaking out to the upside here. As reviewed in my previous altcoin video, we were in a bullish descending wedge. I wanted to see both a break above the topside of our descending wedge as well as a break above that level of resistance at .276 cents. Those two criteria have been met. So finally, I'd like to see a confirmation on the daily. We need to see a close above .276 and another candle both opening and closing above that same price. This would confirm the break. Now, to look for entry. Often after a breakout, price comes back to retest the upperside previous resistance. In this pattern, this ends up being the topside of our descending wedge. Once touched (after confirmation), this is where I would be looking to enter this particular trade. One thing I don't like, is that 50 day ma above us. This may dis-sway my enthusiasm in this trade a bit. Stay tuned. I will post if/when I do. Along with potential targets and SLs. Best, Stew
by stewdamus
140d range breakoutOne possible trading idea for Stock ARAV could be to take advantage of the recent breakout above its 140-day trading range. This could be considered a bullish signal, suggesting that there may be further upside potential for the stock. For a "hot" trade, traders may consider going long on the stock at its current price level, and looking for patterns in smaller timeframes to identify potential entry and exit points. The potential target for this trade is 3.78 , based on the recent signal for a move to this level. For a more "calm" trade, traders may consider waiting for a pullback in the stock price, possibly to the range of 2.17$ to 2.47$ , before entering a long position. This would provide a lower risk entry point, while still allowing for potential upside to a target of 7.45$ . However, it is important to note that this trade may require more patience, as it may take longer for the stock to reach the target price. As with any trading idea, it is important to consider risk management strategies, such as setting stop-loss orders to limit potential losses and closely monitoring market conditions and news that may affect the stock price.
ALong
by ego1smo
BTC 26800 to Pullback to 22600 after Recent Bullish Momentum?Bitcoin has experienced a sudden bullish reaction, breaking through the 26k level, which is a positive sign for buyers who gain more confidence in the current market. However, although the price managed to surpass the important resistance at 26,400, it failed to close above this level. The day closed at a range of 24,680, indicating that buyers are likely to experience a short-term sideways movement at this resistance range. During this period, the bulls may still reach the 26,800 price range, but this could also result in a pullback to 22,600, which will be a decision point for the current bullish momentum. If the momentum continues, Bitcoin could reach the 28k to 32k resistance area. The current week started on a bullish note, and the closing of the current weekly candle will determine if this is a sustainable trend or a trap. There is a possible technical analysis (TA) of 28k next if the 26,800 resistance is conquered. Shorting the current price reaction to 26,400 may fail, as the current hanging man on that resistance is not enough assurance that the price will get rejected immediately. However, if the buyers fail on the second rejection, this could lead to a deeper pullback with a TA of 22,600 and 20,800.
by MachiavelliTrader
2
MSFT - Falling Trend [MIDTERM]- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - MSFT has broken up through resistance at 257. - This predicts a further rise. - Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. - MSFT is overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price
NASDAQ:MSFTLong
by wavepoint99