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Goldenpocket

Interesting confluence for BTC around $23.8K Fib + CME GapRecently found some interesting confluence around $23.8K for BTC. If you like this let me know, or why you disagree. The entire Global Fib "Golden Pocket" from Bitstamp, happens to overlap with the largest remaining CME Gap yet to be filled from Dec 2020. Fib extension from the very top has a 2:2 smack in the middle of the overlap, as well as a 1:1 Fib extension from the local price action. Will we reach this level before rising back into a full bull market? Personally, I believe we will.
BITSTAMP:BTCUSD
by DestinyJV
4
Potential Long Setup For $WISH using Trendlines and Fibs Long Setup for Wish with Key areas it must break to run up to the target of $22.80. That price target is just before the midterm Golden Pocket Fib resistance (So good spot to take profits if it hits the target imo). $20.09 is also an important spot to watch for potential resistance and a possible pullback. But if it rips through that price point then it shouldn't have any issues hitting our $22.80 target. New to posting these ideas, so please let me know what you'd like to see more of and what I should explain better. Cheers :)
WLong
by DougCatBounce
BITCOIN blows the trumpet - NO ONE wants to hear that!!!Hello everyone, I know no one wants to hear this, but it's time to come clean to all the MOON boys who are making promises and keeping you happy. What does the chart tell us, what is more likely and what are the possible scenarios for bitcoin? First - anyone who has been following me for a while knows I am currently perma-bear on bitcoin. My short analysis has hit the mark and so far I have no reason to doubt that this assessment will continue. To rule out conflicts of interest immediately - I am flat on crypto - and with good reason! I trade stocks and that's currently a lot more fun than the coins. Anyone who is interested can have a look at my other analyses! Even in the current mood of the end of time, Bitcoin can clearly hold on to formations that are now becoming clearer in the chart. We are talking about the trumpet 📣 "The Trumpet (Broadening Formation) is a relatively rarely occurring chart formation. Basically, it is a triangle open to the right, whose boundary lines run further and further apart at the top and bottom. The angle at which the upper and lower boundary lines diverge can be arbitrary. Normally, however, the formation is symmetrical. This means that the boundary and support lines diverge at the same angle. There is no favoured direction of breakout. The trumpet can occur both as a trend continuation formation and as a reversal formation (top formation)." What this means to me is clear. A definite statement cannot yet be made. Nevertheless, a clear tendency can be seen here and it doesn't look so great. The price remains weak, continues to fall and recoveries are more of a homeopathic nature! A breakout on the downside is therefore currently much more likely for me. The problem here is that if the formation breaks out to the downside and the price cannot be intercepted, the crypto market will probably be trapped in a long-term and tough crypto winter for good! The only possible remedy: the price must leave the formation to the upside, or be caught vigorously at shot target 3 on a breakout to the downside! Honestly, I wish it to everyone who is invested here!!! Please pay attention to our risk note! I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a like & follow 🙏 Best regards & success! Max from ChartDigger
BITSTAMP:BTCUSDShort
by CRV_Trader
3
BTC went down to the Golden PocketYesterday was a brutal day for most of the people in crypto, myself included. I did not sell my long term holdings but I had two long trades open, 1 in BTC and 1 in ADA, and they both got liquidated. Fortunately they were not very big so the loss was limited. I hope all of you did not lose too much. Maybe some of you even made profit by shorting? Share in the comments below. But when we Zoom out and look at the chart, it's very interesting. The BTC price went down to the Golden Pocket almost exactly to the dollar. The Golden Pocket is often considered to be a great entry for long positions. Personally I did not open a trade. I want to wait for the Buy signal on the Hash Ribbons (daily chart) just to play it on the safe side. To be honest I got scared yesterday so I did not have the guts to enter a long position at the Golden Pocket level. It would have made a great trade though if I had ;) Trade carefully and never trade with more than you can afford to lose. It's something we hear a lot but it's true!
BITSTAMP:BTCUSD
by CryptoMike100
SQUARE - 🚨Attention, it's getting dangerousHello everyone, SQUARE is definitely one of the current hype stocks. Accordingly, the share price has developed well in the past. But everything moves in waves and Square will be no exception. There are some warning signals in the chart that suggest a strong correction. And it is precisely this expectation that I would like to use to determine a nice long-term entry. Chart-technical assessment - The momentum of the trend has clearly cooled down in the weekly chart and is slightly negative according to the MACD indicator. This is also reflected in the fact that no new high was formed in recent weeks. - On the downside, a clear support zone can be identified in the chart (grey box). - Within the supposed top there are two very exciting candlestick reversal formations. 1. evening doji star: A formation of three candles. This formation is not very common, but when it occurs after a strong rally, we should pay close attention to it. The formation represents a strong trend reversal signal with a good hit rate. The top of the Evening Doji-Star formation is considered strong resistance and is located at 283.19 points. 2nd Shooting-Star: A formation from one candle: The Shooting-Star is another trend reversal signal. Moreover, it additionally occurs in the range of the Evening Doji-Star. Conclusion - The chart gives many warning signals that the party at Square is over for the time being. Nevertheless, no decision has been made here yet. - Should Square sustainably overcome the upper side of the current formation at 283 points, a further long movement should be the consequence. - Should Square fall through the lower support, as I expect, I will use the marked zone in the chart as a buying opportunity. This is where many supports and the price target of a sell-off come together. As always, it's "do your own research" - I am not an investment advisor and this analysis reflects only my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
NYSE:SQShort
by CRV_Trader
🚨 LTCEUR - Perfect trade with 54% profit ✅ Hello dear readers, the idea for this trade was presented by me HERE on April 11th and was a real picture book trade :) Now the trade is finished: Symbol: LTC/ EUR Duration of trade: 12 days Profit: 54% Conservative All price targets worked off: Yes So this trade can be filed away, on to the next one :) As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader
🚨 UPDATE ETH/BTC - Trade successfully completed!Hello dear readers, I presented the idea for this trade HERE on 22 March. Now the trade is finished: Symbol: ETH/BTC Duration of trade: 15 days Profit: 22% Conservative All price targets worked off: Yes With that, this trade can be filed away, on to the next one :) As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader
Bitcoin Simply Thought - BTC Price AnalysisHello dear readers, I am a big fan of keeping the chart simple and clear. I think there is a common thread in every chart. Of course, there are hundreds of analyses and approaches for one and the same situation. But the intersection, that is, the overarching direction of the market participants is particularly interesting. It is like a primary trend (not individual), with the corresponding outliers in the secondary trend (individual opinion). To recognise this intersection, a clear analysis is often better in my view. The obvious factors will have the most influence, and not a swing in one of x indicators. That is why I have kept this BTCEUR analysis very simple but relevant: - The primary trend continues to move bullishly in an uptrend channel. It is always more likely that a trend will continue than that a reversal will occur. . Accordingly, there is no good reason for this corner to believe in a trend reversal in BTC as long as the trend channel with the D-Close can be held! - On the contrary, the price is currently at an entry point from the perspective of the trend channel. - Resistance becomes support! After Bitcoin first failed very frequently at the horizontal resistance zone marked, it finally managed to break through. A resistance that can be overcome becomes a support. As this resistance was very strong, I also estimate the support to be strong. Conclusion: - The market structure remains intact. - The price is at an exciting entry point. Support here is provided by the trendlines and the horizontal level. - The price target looks realistic, a sensible SL enables a trade here with a CRV of over 4. - If the trend channel is left with the closing price, I end the trade. As always, it is "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call for individual action! If you want to support my work I am happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader
1
ZALANDO share price analysis - rather weak in the medium term!Hello dear readers, Teaser: Purchase 🔼 from insiders Volume: € 39.88 m Market capitalisation: € 22 bn Potential: Short Insiders have been making decent moves on ZALANDO lately. In the long term, this may be a good idea, but what about the short term? Can we possibly get even better entry prices? Chart-technical assessment - The share price has been showing slight weakness for some time. The price has left the major trend channel to the downside. - The current consolidation is developing below the trend channel in the form of a pennant. This formation is considered a trend continuation formation and thus supports the medium-term prospect of further falling prices. - Wave E has been completed and thus a breakout on the downside should be imminent in the next few days. The plan - As long as the pennant is not exited to the downside, I do not expect prices to fall further "yet". - However, should the formation be exited to the downside, I would like to establish a long position at the price target of this formation, at around 64 points. - Updates on this idea will follow as soon as facts have been created here. If you want to support my work I would be happy about a Like & Follow 🙏 Best regards & success! Chartdigger
XETR:ZALShort
by CRV_Trader
TESLA Trade - The short opportunity par excellence!Hello dear readers, I don't want to say too many words. I have often explained in my Tesla analyses why I tend to see Tesla short in the medium term. So far, however, these analyses have never turned into trades, which I would now like to change! The risk is not small, but the opportunity with this trade is very large. Therefore, I can justify this trade for me with a small position. - The chart has been updated - Short position opened at the golden pocket and relatively tightly hedged with the SL. Now we have to be patient. If you want to support my work I am happy about a like & follow 🙏 Best wishes & success! Chartdigger
NASDAQ:TSLAShort
by CRV_Trader
1
SIEMENS ENERGY - prime example of technical analysis!Hello dear readers, Today I have brought you SIEMENS ENERGY, a particularly exciting stock. Due to the low price history, it shows us in a perfect example what technical analysis can do! First a few facts Siemens Energy AG Legal form: stock corporation ISIN: DE000ENER6Y0 Incorporation: 1 April 2020 Headquarters: Munich, Germany Management: Christian Bruch (CEO), Joe Kaeser (Chairman of the Supervisory Board) Number of employees: approx. 92,000 Turnover: 27.5 billion euros Sector: Electrical engineering, power engineering Website: www.siemens-energy.com Brief portrait Siemens Energy AG is an electrical and power engineering company based in Munich. Its portfolio includes power generation, power transmission and industrial solutions in both conventional and renewable energy. The renewable energy activities are managed by the subsidiary Siemens Gamesa. Siemens Energy was created through a spin-off from Siemens AG. The shares of the new company have been traded on the stock exchange since 28 September 2020. Chart assessment The chart is wonderfully clean, the structure is undoubted and clear. A clear rally can be seen, followed by a correction, in which the share price currently finds itself. This gives us the perfect setting to apply technical analysis! Basically, many people are currently thinking of buying into this share. But when and at what price? This is exactly where technical analysis can help by pointing out points of interest! In other words: Instead of simply entering somewhere, we use corresponding circumstances that can be determined by a clear set of rules and at which there is a higher probability that the price will react as we would like. - The price is in a potential positive trend (confirmation by a new high is still missing). - Currently the price is in a consolidation in the form of a bull flag . The trend lines of the bull flag are clean and clear on both the upper and lower side! - The normal correction of this movement is at the Golden-Pocket at approx. 24 points. And what does this bring us now? Purely visually, a lot is already clear here! Does it make sense to buy on the off chance within a negative trend channel? Probably not, at least from my point of view! Instead, I want to determine points at which I expect the probabilities to shift in my favour! Since this chart is so wonderfully clean, the simple structure does not obstruct the view of the essentials. From this, exactly 2 possibilities can be derived for me! The plan 1. the golden pocket, as support of the trend and starting point of the normal correction, is always a good choice. So if the price should run up to the zone around 24 points again, I will start building up my long-term long position here. In 99% of cases, the golden pocket is the only point where I am prepared to buy into a negative secondary trend. 2. classic: the break of the bull flag . This indicates a change in the market structure and an end to the correction. The break of a flag is a sign of departure. Of course, we also get false signals here, but such situations are quite accurate. Price targets - The possible price targets of a breakout cannot be determined precisely at present. For this it is necessary to first guess the low of this movement. Assuming that the correction would run here to the golden pocket, we are talking about a price target around 40 points. Updates on this topic will follow. If you want to support my work please Like & Follow 🙏 Many greetings & success! Chartdigger
SWB:ENRLong
by CRV_Trader