Bullmarkets
SWING TRADE USING SMART MONEY CONCEPT (GODREJ IND)Making money from the markets is easy but keeping that profit with you is the most difficult part in which most people fail. So if someone has an edge over a particular trading setup or has a system then one should stick with it and should focus more on the psychology part.
But if someone is struggling with trading and unable to make profits out of the market and roaming around the indicators then He/She is on the wrong path. Never run around INDICATORS as they all are lagging the price is the only thing that is LEADING rest everything is lagging and often people forget about the price when they run around the indicators.
So every time one must look to combine multiple concepts while building a setup or looking for a trade like combing Price Action, Market Structure, etc together to find the best trade possible
Here I have shared my analysis on GODREJ INDUSTRIES by combining multiple concepts. You can gain a good idea by looking at charts
Hope you enjoy and learn something new from it👍
- Pranesh Sahoo
FOR MORE IDEAS PLEASE SUPPORT BY SHARING THE ANALYSIS AND DO FOLLOW AND LIKE. IF ANY DOUBT ARISES DO COMMENT DOWN BELOW I WOULD LOVE TO HELP YOU.
FARM - CHAD COIN Q4 Update As requested, update on the Harvest Finance "FARM"
After my previous analysis, we have seen a prolonged accumulation phase for the FARM token. Moving Averages are compacted. In the short-mid term, we will see a move. TVL is still healthy with a ratio of 0.25. Earing you 30% APY.
I expect to see this coin pump when BTC and ETH have their runs happening RIGHT NOW. (check updates) 2021-10-20
Caution:
As we see more Ecosystems rise on different chains. FARM'S performance is being affected mutually.
There is a good chance we might see a pump in price. However previously we saw dips short after. If you are not planning on holding this coin long-term, taking profit is a good option in this Q4
I appreciate the feedback. This is what will keep me posting analysis of financial & crypto markets and sharing it with my audience. We are now going to be looking at ATHs in the crypto space I would like people to succeed, and will be keeping you posted.
Smogster
FIRO A MILLIONAIRE TRADE!FIRO is a trade for the long term, it went into a bear market in 2018 and has not recovered like all the other projects.
It recently came out of the bear market cycle, it is retracing to the trendline broken as Resistance and ready to claim as Support.
Long term this token could reach $1000.
I will keep you updated on my trade, NFA.
Safe Trading.
Ethereum/ USD had a breakout - now we need volume and support.Hello guys. We had a small breakout out of this falling wedge. Now the red trendline is support and will probably get tested soon to get to 4k$. :)
Do your own research / Trade at your own risk
NOT FINANCIAL ADVICE/RECOMMENDATION ( just my toughts about this Crypto) :)
ETH-All eyes on all time highsGood Morning traders.
Todays chart will be basic in nature at the narrative can be easily shown.
If you have been following my forecasts you would have seen that I was calling for an impulsive move as we stacked orders and any pullback from the high would only be short term before a push higher.
We didn't even get a pullback, it was just a push higher. The whales ate the the short liquidity.
The next target is the ATH, this rally has been explosive so a pullback is always possible but with this momentum I can see the ATH being taken in the next 7 days (depending on how BTC reacts)
As always trade safe.
EnvisionEJ
Break of the 99 moving average bullish cycles btc.These cycles I mention in my TA are based on 4H MA (99) support. I've traded the past month based on this MA 4H and I believe its one of the key factors why btc pumped so hard. We have had 2 cycles now, which both touched the MA in a period of 13 1/3 days. Now btc dumped a bit hard, that's why it's difficult to think of another cycle like the other 2. And tbh I expected a bigger pump for btc before the retrace. So now is btc forced to another channel? Or cycle? Im still analyzing btc and planning to long it soon when it touches the moving average.
Vertcoin - Next wave?Next wave incoming?
History repeat itself.
If BTC confirm his bullish trend to 100k, vtc is going to follow and follow it's 4y pattern:
- Halving in december
- Taproot activated
- Changelly and ledger on
- Verthash
BITCOIN PRICE VS MACD Fractals Comparison (Past 2 Bullruns)This weekly-chart of BTC represents how previous rallies were followed by deeper corrections all the while comparing them with MACD. We'll notice some similar price movements, fake-outs and then breakouts.
(i) The cycle starts after making an ATH by a big and strong impulse during the bull market, subsequently there's always a major pullback, hence a Bear Market. After this pullback there comes a significant upside move which causes some undeveloped signals leading to FAKEOUTS (in white ellipse) which makes it look like the end of the bear market but only cause potential losses.
(ii) At the same time the MACD signals the "almost" crossovers which aligns with the bullish price action after a pullback leading us to believe a genuine breakout which later turns out as a FAKEOUT but if we look below the baseline (0 value in MACD) at -0.21 whenever there's a bullish crossover it acts as the beginning of next BIG MOVE and an actual BREAKOUT.
(iii) After the BREAKOUT (white diagonal rectangle) there comes the next phase, another big rally with more new market participants, much higher volumes which historically elevates the price in a PARABOLIC way taking prices beyond the previous ATH towards a new ATH (CRAZY MARKETS = CRAZY RETURNS) and eventually to an end of the rampant speculation.
(iv) And so the cycle repeats.
which brings us back to the current scenario that is half-way across the cycle meaning we are nearing the fake-out zone and we must stay awared and avoid getting trapped in the short squeeze or bull trap. Factually, the price should act accordingly; nevertheless, we know how BTC has never ceased to surprise us in the past. Let's just observe for now and not rush getting trades.
P.S - Too much info on the chart, for simple understanding just focus on the MACD crossovers and Price breakouts.
CryptoCuriousOfficial 📥
Breaking to the upside:downtrend since April ATH close to an endIn approximately 80 minutes from now Bitcoin should close above the the trendline(41750$) of the daily chart that has kept prices lower in a mid term downtrend since April 13, 2021 ATH (64.7k)
once the 200 daily SMA(44780$) will have been cleared Bitcoin will light up the engine to fly a new ATH and beyond. a 6 digits is still possible and likely by the end of 2021. if that fails 2022 will almost be a certainty
Is there a silver lining in $ZIL's clouds or just gloom & doom?NOT FINANCIAL ADVICE
Should we get bullish or do we stay bearish?
Let's take a dive on the Macro level for $ZIL using the Ichimoku Cloud indicator.
For the uninitiated on Ichimoku Clouds, Investopedia has a good introduction here .
With that out of the way, based on $ZIL's macro Weekly chart, here we consider the bearish and bullish signals from this indicator.
1. Price Action VS the Kumo Cloud.
Bearish: This week's candle is threatening to break into the Kump cloud and is within touching distance.
Bullish: It hasn't broken and trade inside the cloud! The near horizontal Kumo cloud means that $ZIL may have a few more weeks to stabilise and steer itself away from it.
2. Chikou Span vs Price Action.
Bearish: The lagging span descending towards historical price candles and crossing downwards is a bearish confirmation and usually a sign of exhaustion of an asset.
Bullish: As this is a lagging indicator, it could be nothing more than just a trend analysis rather than a prediction of future movements.
3. Tenkan Sen vs Kijun Sen
Bearish: Tenkan sen is threatening to cross the Kijun sen, especially if the crossing is below the Kumo cloud.
Bullish: No crossover is yet seen. Also, even if there is a crossing, it will occur way above the Kumo cloud.
4. The Kumo Cloud (Senkou Span A + Senkou Span B)
Bearish: A thin cloud means the support level of the Senkou Span A is deemed weak -- may break anytime.
Bullish: The cloud is widening at the ends, and as Span A moves further away from Span B, a strong trendy green cloud is created.
So what does all the above mean? Why am I dissecting both bearish and bullish scenarios here?
Quite honestly, I am still sitting on the fence with $ZIL here, especially with the diminishing volume.
While I use Technical Analysis to try to predict the path of least resistance for price movements, I am simply unable to put a pin on it today.
We may be at an inflection point, where the price is so sensitive that it could move either way at a moment's notice.
I would like to call it 'Price Fragililty', while some may prefer to call it 'Price Volatility'.
Where is the silver lining playbook when you need one, eh?
Until next time, happy trading~
NASDAQ - THERE IS MORE ROOM!How high can we go? After the direct breakout above 14.227 & based on the current trend, the index should now approach at least 14564 to 14627 points next. The reaction on this area will show whether I need to adjust my count.
Conclusion: as long as the Nasdaq stays above 13,830 points, new highs can be assumed. Next minimum goal is around 14564 to 14627 points.
The Nasdaq is a beast & leaved the support area at 13830 point very easily! Soon there should be a small correction between 14564 - 14627 points, but then the index should continue in the direction of 15000 points. If the Nasdaq continues like this, the question that arises more and more is whether the count have to be adjusted & whether we will experience a much stronger upward movement than already given... Decisive for this will be the reaction of the Nasdaq to the area between 14564 - 14627 points. If there is no real correction, there is far more potential in the Nasdaq than the current count shows.
15min:
Possible levels for a corrective movement: 14.340-14.288-14.246-14.204.
RIDE is in bull marketLordstone Motors Corp. (RIDE) are in bull market as you can see in chart; as the first resistance has already been broken I expect RIDE to go to second resistance and test it, and then if it breaks it as well, we will possibly see third resistance and potential bull market over the days up to 11.50$.