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Bullish Descending Wedge ? ₿ Weekly S/R Level $24,363Price is squeezing to the downside as we approach our 24,363$ Weekly S/R Zone. It also happens to be an extreme Daily Zone. The next Daily zone being at 22K which is a 10% drop from $24,363 Level. Short Traders have enjoyed a consistent downside push across the past 2 Months ever since BTC tapped into the $30,000 Weekly Level. This Long idea has to do more with the psychology of some players wanting to jump in the short/downside train. We'll see if a correction will change their minds as I can see a correction to clear out liquidity after we touch into a weekly S/R level ( 24,363$) . This Weekly s/r level was quite relevant during August 22' and February 23' .
COINBASE:BTCUSDLong
by ShrewdCatfx
🔥 Arbitrum: Falling Wedge Waiting For Break OutARB has been trading bearish for the better part of three months now. During this period, a falling wedge pattern has emerged on the chart; lower-lows and lower-highs. In my view, it's likely that ARB will continue to trade within this pattern for the foreseeable future. Keep in mind that we've got a FOMC interest meeting tonight which could cause some strong volatility. Personally, I'd expect ARB to go lower in the near future and consolidate within the outer point of the pattern. Classically, falling wedges are bullish reversal patterns, so a bullish break out could lead to some decent gains, will make a new analysis once were there. For now, keep an eye on this pattern in anticipation of a break out in the coming weeks.
by FieryTrading
6
🔥 Bitcoin Elliot Waves Pattern: Right On Track!A couple of weeks ago I made an analysis on BTC and the presumed Elliot Waves pattern it was trading in. I wrote that it was possible that ~31k was the 3rd wave top because it aligned well with an overbought RSI. Looking back, the previous analysis caught the top quite well. Like mentioned it all my previous Elliot Waves analyses, I see it likely that we're going to move towards the 25k - 25.5k support area. This area is very important because it pinpointed both the Summer-2022 top and the first wave's top. In my view, it's still possible that we will go up and make new 2023 highs. Assuming we're following an Elliot Waves pattern, we can top between roughly 36k - 40k. A move below 22k will invalidate this pattern.
INDEX:BTCUSDLong
by FieryTrading
14
✅ 8 important patterns! How to trade with them? ⭐Bearish Symmetrical Triangle - Bearish + Bullish trendline - Take price at lenght of triangle height - Stop loss above last high ⭐Symmetrical Triangle - Bearish + Bullish trendline - Take price at lenght of triangle height - Stop loss below last low ⭐Bearish Flag - flag pole - Bearish channel in bullish trend - Take price at lenght of - flag pole - Stop loss above last high ⭐Bullish Flag - Bearish channel in bullish - Take price at lenght of flag pole - Stop loss below last low ⭐ Risisng Wedge - Two bullish trendlines - Stop loss above last high - Take Price at Wedge low ⭐Falling Wedge - Entry after breakout confirmation - Take Profit at the Wedge high - Stop loss below last ⭐Descending Triangle - Support + bearish trendline - Stop loss above last high - Take Price at triangle height ⭐Ascending Triangle - Take Profit at triangle height - Stop loss below last low ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Education
by CobraVanguard
4
TECHNICAL ANALYSIS : TSLA short term shorts into long term buysWe are currently at the point of interest and i am seeking sells but I am waiting for a sell signal from the algo. Overall the market seems bullish but I can see price retracing from this level before going higher. We are trying to catch the retracement. If price does not retrace from the current level in order to take buys I would need to see a break and retest of the resistance levels shown Buy setup: Daily timeframe outlook below Below you will find my attached fundamental outlook on TESLA in the related ideas
PEPPERSTONE:TSLAShort
by ChristopherDownie
Nifty 50 Analysis based on price actionAnalysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the market and levels it would break. Volume played special role today in breaking the support zone. Price stayed range bound until 1300 hours and then a sharp fall was seen. Expecting a Gap up on Monday with atleast 70 to 80 point and then another reversal.
NSE:NIFTYShort
by Ethical_Bear
HG1! One word - CLEAN!COMEX:HG1! One word - CLEAN! What a beautiful chart for copper! Technically it's ever so clean, when it comes to set ups like this - Be careful of fake breaks. Pattern - Triangle/Pennant Highs: 4.2100 Lows: 3.8255 A break of highs I expect: 4.3550 & 4.5570. However, a break of the lows I expect: 3.6740 & 3.5040 and perhaps lower! Currently, as long as we within this channel and within these ranges... until break either side! Have a great week ahead & it's a long weekend for some of us! 🔆 Trade Journal 🔆
COMEX:HG1!
by Trade_Journal
RRC (Long) - Strong outperformance within the energy sectorFundamentals The fundamentals are obviously strong after the last year and a half The revenue and profits skyrocketed as the price of oil went up. All the measures possible are flashing green, whether its EPS growth, ROE, ROA, debt-to-equity etc. Valuation is still low , just like the wider energy market, due to ESG reasons and just a general unwillingness to participate in the oil industry The recession fears are bringing estimates of most measures significantly lower but these aspects have already been accounted for in the price I also believe that after the outperformance of the growth part of the market, flows will start circling back from growth into parts of value (energy) Technicals This trade is however more about the technicals than fundamentals The thing that attracted me the most to this chart is the outperformance of RRC (bottom of the daily chart) relative to the energy sector, which has been struggling as of late. Despite the weakness in energy and oil, RRC has been accumulating and building a base The base was finished after stellar earnings, and is currently on the brink of a breakout That would also complete a massive bull flag on a weekly chart All your typical indicators are also flashing a buy, while analysts are increasing their price targets Trade As I already mentioned, we are currently on the brink of breaking higher through a crucial resistance level The stock is currently consolidating and I am waiting for a signal that the price is about to burst higher, where I would happily buy Caveats include mainly a breakdown in the price of oil and fake breakout higher; definitely watch out for these Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:RRCLong
by jurajholik
🔥 FTM Fell Through Support: More Selling ComingIn my last FTM analysis I talked about the potential Pennant pattern that FTM was trading in. After founding temporary support at the bottom of the wedge, BTC continued trading bearish and dragged FTM down with it. As a result, FTM has fallen through the support and is currently looking bearish in the near-term. Before any chance on a reversal, I think we have to go further down. Blue areas are my targets for the next couple of weeks.
Short
by FieryTrading
3
🔥 Bitcoin Slow Stochastic Signaling Start Of New Bull RunIn order to construct the slow stochastic I changed the parameters to 100/10/5, this creates a slower stochastic which is better suited to detect long-term shifts in trends. In all of Bitcoin's history, this slow stochastic has crossed the 30-line from below only 4 times. The previous 3 times all signaled the start of a new bull-run. Three weeks ago, we had another cross from below. Seeing that the market often rhymes, I'd like to think that the bottom is in and that we're likely to go up from here. Naturally, it's possible to see deviations (like the 2020 Covid dump), but I deem it highly likely that the bottom is in and that as new bull-run has started. Share your thoughts🙏
CRYPTO:BTCUSDLong
by FieryTrading
10
🔥 FTM Pennant Pattern Confirmed: Temporary Bottom Set?After a huge move at the start of the year, FTM has been consolidating inside this pennant pattern for around 4 months. FTM has been quite volatile both downwards and upwards, so there's a decent probability for the price to move back up after a month of selling. I'm anticipating a move towards the top resistance of the pattern, which is a nice ~25% move. In the short-term, 0.43 is a lower-risk target. Over the long-term, this pattern will classically break out bullish. However, this will all depend on BTC and the stock markets. Time will tell.
Long
by FieryTrading
7