UPDATE 70 % Chance - BITCOIN GROUP SE analysisHello dear reader,
This analysis is an update of the trading idea on Bitcoin Group presented on 20 March.
- The entry was picked up almost exactly
- With today's daily candle and a bullish move of more than 10%, the bottoming seems to be completed.
- The SL is tightened to the entry in order to have a hedge against losses.
- Now the trade can unfold undisturbed. The price targets remain fixed.
This means that this opening can even eclipse the performance of the BTC :)
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Many greetings & success!
Chartdigger
Goldenpocket
40 % chance with BOEING Hello dear readers,
Boeing is currently in a stable uptrend. I would like to go long on the next wave.
- I hope for a correction that pushes the price into the buy zone so that I can build up a position here.
- The trend channel should not be broken with the closing price so that the idea behind the trade remains valid.
- The subsequent expected long movement should drive the price into the sell zone, where I would then like to reduce my position again.
The expected profit on this trade is around 40%. Now we have to wait and see whether the correction sets in soon. If this is not the case, the idea is invalid.
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Best wishes & success!
Chartdigger
Apple share price analysis - The decision has been made!Hello dear readers,
The correction in Apple ended with a clear positive week. The cross support of the golden pocket and trend line was tested hard, but held.
Now the price is showing the appropriate reaction and can clearly pull away.
The medium-term outlook is therefore positive!
The price target of the current movement can be derived on the one hand from the Fibonacci expansion and on the other hand from the trend channel and thus lies at approx. 158 points.
As long as the trend channel is not broken downwards, the chart remains positive. Only a break of the trend channel would put the long scenario in danger.
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Best wishes & success!
Chartdigger
Bitcoin Price Analysis - Attention, it's getting serious!Hello dear readers,
The bitcoin BTC price situation is extremely tense and a decision is approaching that is likely to shape the picture in the medium term.
The upper resistance area and the trend channel are playing against each other. The resistance zone, marked in red on the chart, appears to be a massive hurdle, which 13 daily candles have now failed to clear.
On the other side is the trend channel, which supports the price from below and pushes it further upwards.
Long scenario
If the upper resistance area can be broken, a strong dynamic long move is expected. The first price target of a breakout is around USD 70,000.
Short scenario
The resistance area pushes the price out of the trend channel. The consequence is likely to be a partly stormy correction. Two price targets can be identified, which lie at approx. 50,000 USD & in the further course at approx. 41,000 USd.
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Many greetings & success!
Chartdigger
Double bottom with $60 chance - GOLD price analysisHello dear readers,
Today we take a look at the gold chart.
- We are looking at a potential reversal formation in the form of a double bottom.
- The break of the neckline activates the price target of the formation at $ 1825
- The golden pocket of the last downward movement stands as strong resistance at around $ 1765 in the chart
The plan
- I would like to wait for a clear breakout
- I want to use a possible retest of the breakout zone around $ 1750 for a long entry.
- The price target of this movement is between $ 1813 - $ 1825.
- As we are still in an overriding correction, I want to quickly tighten the SL.
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Many greetings & success!
Chartdigger
55 % chance - HYUNDAI share price analysisHello everyone,
Today I am taking a look at the Hyundai chart.
The situation is not acute at the moment, but for the watchlist.
- Hyundai was able to overcome important resistances with the last rally.
- I expect a further positive development in the medium term.
- The share price is currently in a correction
- For a possible entry, the price still has to fall by approx. 25%.
The plan
- Entry at the golden pocket of the last rally
- Support is provided by the MA200
- The buy zone is extended by the horizontal support of the horizontal support zone
- The possible entry seems almost too good to be true. However, if the corresponding zone is not approached, I will not open a position here.
Buy zone: 31.8 - 29.4 points
Target zone: 49 points
With this in mind,
Good luck & Keep it simple!
Max
70 % Chance - BITCOIN GROUP SE Share Price AnalysisHello everyone,
today we take a look at the chart of the Bitcoin Group
- The normal correction seems to be over
- From a chart perspective, the next bull run should now be on the cards
- Horizontal support levels support the zone around 46 points
The plan
- I want to build a long position around the 48 point level
- The golden pocket of the last rally is the main support that should not be undercut by the weekly closing price.
- The last high serves for me as the main target for a trade.
Buy zone: 44 - 48 points
Target zone1: around 83 points
Target zone2: around 100 points
With this in mind,
Good luck & Keep it simple!
Max
55 % chance - ALIBABA share price analysisHello all,
Today I am taking a look at the Alibaba chart,
- The price is in a positive overriding trend.
- Alibaba shows a tendency to break through the golden pocket once in a correction, but then to continue to run positively in the trend.
- This breakthrough has already been made in the current correction.
- The second reaction at the golden pocket looks encouraging
- In the long term, the current trend channel could consolidate further
The plan
- I would like to take a long position at the cross-support of the golden pocket and the lower trend lines.
- If the price does not touch the golden pocket again in combination with a trend line, I will not find an entry point and remain a spectator.
- As a long-term price target I use the trend-based Fib extension
- One for the watchlist, no trade is acute yet
Buy zone: 227 - 222 points, only in combination with a trend line
Target zone: 360 points
With this in mind,
Good luck & Keep it simple!
Max
25% opportunity in focus - LONDON STOCK EXCHANGE price analysisHello all,
Today I'm going to take a look at the chart of the London Stock Exchange:
- The price is currently in a sharp correction
- The price is in an overriding upward trend
- The last correction was similarly dynamic, but it was stopped at the golden pocket and then the price was able to mark a new high.
- An upward trend channel seems to be established
The plan:
- I would like to enter long at the golden pocket of the last rally.
- The supposed trend channel serves as cross-support here
- Definition of two target zones
- If the weekly closing price falls below the trend channel and the golden pocket, the idea is off the table.
Buy zone: 80 - 83 points
Target zone 1: 103 - 105 points
Target zone 2: 138 points
With this in mind,
Good luck & Keep it simple
Max
ROLLS ROYCE price analysis - take-off with 70% profit?Hello everyone,
Today I want to share my thoughts on Rolls-Royce.
- I'm not really a fan of a shoulder-head-shoulder formation, but this time the targets just fit too perfectly in a fundamentally friendly market environment
- The price is about to break out of the bottom formation
- I expect a dynamic breakout
The plan
- Enter on a weekly close above the upper trendline, or on a retest after the breakout
- Trade to the golden pocket of the last correction
- Almost 70% profit seems possible without touching the downtrend
With this in mind,
Good luck $ Keep it simple
Max
REEF closed above the golden pocket!After the excellent day we had with the $20 M from Alameda Research, REEF succesfully crossed the Golden Pocket and was taking support a few minutes ago.
We are in a great buy zone. If you are missing the party, come and enjoy it!
BITCOIN TO REPEAT PATTERN?BTCUSD. As we approach the Golden Pocket on Fib Retracement once again on the Daily I have decided to draw a comparison between the last 2 Major Bull Runs.
Blue = 2019 Bull Run Bar Pattern
Orange = 2017 Bull Run Bar Pattern
History shows us that the last 2 runs have had a major bounce within the Golden Pocket (0.5-0.618) $40318-43714 and as former Daily Support approaches im interested to know your thoughts on final retracement level.
What do you see? Continuation, Failed Double Top attempt or something new.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ZEL - Buying OpportunityUptrend Confirmed due to recent price action which has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back
4. I will be confident to buy in the $2.72 - $2.82 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket)
5. There is a gap window between $2.73 - $2.96 region (another confluence of Support)
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WEB - Giving a Buying OpportunityBullish trend confirmation indications:
1. Made a Higher High
2. Made a Golden Cross
3. Impulsive price action with High Volume
4. After the impulsive break, price is correcting and consolidating.
5. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and the Gap Window Zone. The ideal level zone is between $4.30 - $4.70. That will be a trade with confluence.
6. Good Buying Opportunity if it closes positive or prints Bullish candlestick patterns in the Buy Zone area
with bullish price action follow through with a potential gain of 120%.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.