XLM 12HR Analysis: THE WHOLE PICTURE [bull & bearish ideas]XLM has almost reached the end of the triangle pattern and volume is falling, which means a big move is coming. Sorry for messy chart, this is one I use for tracking my trades.
There's a lot of ideas here. You can read them on the chart, so I won't go into too much detail here.
Pay attention to Market Indices: TOTAL2 has been rising a bit. BTD has been falling. That's led to some nice little gains for alts in the last few days, and some major gains for LINK in particular.
The gray line & green circles represent POSSIBLE trendline / retest levels that could form if XLM puts in a long-term bullish retest of support that line up with fib levels, projected 200 & 100 SMA lines, and previous volume. This would be the short term bearish idea. I'm going to set a stop loss below the triangle so I can buy back in around there should this occur.
If XLM breaks and holds above the dotted yellow lines marked "BB," that would confirm a break out - bullish buy signal. You can see my short term targets marked by "SS" (Sell set) within the ascending channel I believe XLM will form if it does break out here.
happy trades,
CD
PS: Dont forget to set stop losses. That 26% retrace may not have been the end of it-- we're not out of the woods just yet!
Projection
Good opportunity for long setup in USDJPYUSDJPY (1H): After five impulsive wave ,it seems the correction wave is going to be done and we can wait for an up trend.
So it can be good opportunity to take a long position.
As you can see, I draw fibonacci retracement and projection to find high potential zone to reverse.
I'll be glad to know your opinion.
The Ace Spectrum as a Template for Support ProjectionDemonstrating the big idea: That straight lines in log-space form exponential curves.
This property of the log chart is useful for examining assets with exponential growth (like high-growth stocks, cryptos, etc).
Because the log scale asymptotically approaches the absolute scale as y slice decreases, this indicator is really applicable to any time scale.
This indicator samples a distribution of lines from the past and projects them into the future, these projected lines form indicators of prior support.
The idea is longer support at those specific lines is indicative of support strength, which this indicator approximately captures.
My initial goal was to capture this intuition about exponential growth in log spaces by applying a monte-carlo style sampling approach to visualize the latent support lines.
After I had captured that in a slightly more complex version of this indicator, my goal was to distill the concept into the simplest possible implementation.
Afterpay APT LONG 3rd wave? Waiting gameHard to believe it will go straight there without a decent retrace but it's just keeps running... Wait for more information, let the market reveal itself. Hurry up and wait.
No entry here. Wait for a decent pull back.
Target for 3rd wave $70.40
Never Trust. Verify.
DYOR. Not Financial Advice Just an Observation.
Always remember: technical analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
EURUSD Short UPDATEDHi
as we had analysed the EURUSD on 24-08-2020
as we were bearish on the pair, i am updating that analysis based on some more new confluences.
which are a bearish hidden divergence with MACD and a break through the lower bound of formed Triangle as well as our higher time frame Chanel's top band
which was earlier a support and now turned to the resistance
currently the trend retesting its resistance
i am expecting a continual bearish trend up to the parallel leg of our Fibonacci projection at 1.1725 which is ultimately the lower band of our long Chanel
please comment your ideas and opinions for me
and follow the page for further updates if you liked the idea
xmrusdt fibo predictionif neo do a pull back after breking the roof, it can raise as the channel width. but if do retracement to 0.5 fibo then it can raise to violet rectancels in long term.
Bitcoin Projection : Long After ShortHere the current bull trap ended. New target is 7000 USD
No breakdown at 7000 -> target up. Vice versa -> target : 4500 (First scenario)
No breakdown at 4500 -> target = possible bull run till 40k - 50k - (If breaks the flag upwards). (Second scenario)
Breakdown the flag downwards at 4500 -> Game Over.
Entry zone : 4500 - 7000 dollars. (Time Limit -> Before 2021)
Target zone : 40k - 50k USD. (Time Limit -> Before 2023)
Stop : 3500 USD.
Time limit: Long-term.
This is not an investment advice. Do your own research and take your own risks.
VeChain Bullish Long 160sat TargetBullish Break of long term downward trending channel's median line and break of neckline in 20 month Inverse H&S Pattern.
Target: 160sat
Never Trust. Verify.
DYOR . Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
USD CAD - Want to know where is Smart money taking price ? Smart money took out the equal lows and captured a tonne of liquidity from retail traders on 26/5 which led to
a strong bearish move down, the target ? was to mitigate orders thatchy were in drawdown in from old contracts, after mitigating and filling in the imbalance of price action created on 9/3/2020, Smart money then commenced instigated reversal (as expected), now heading up the open contracts (where they are in drawdown). This has created a bullish environment and no doubt without liquidity grabs along the way.
I expect price to reach 1.38500 - 1.39500 and cause a reaction as they close out their orders.
So traders, as we have established a bullish bias , we are looking for long set ups, proceed with caution as liquids will be grabbed along the way up so you need to time you buy entries. Want to know and talk more about how I came to this analysis ? get intouch always happy to help other traders
BTC USD, Bitcoin Price Prediction DEC 2021, LONG, BullishWhat comes next?
Using the channel and previous tops as a guide, BTC could hit: $336,431.1 on 13 DEC 21
Elliott Wave and fib projections give 2 main areas of high confluence; $53k and $310,000 (See shots below supporting this prediction.)
If you're enjoying this content:
Help me out; Like & Sub & I'll keep it coming!
Comment; What do you think? What's your price prediction?
Will BTC crash and burn, stabilize or is it time to strap the old moon boots on?
Never Trust. Verify.
DYOR. Not Financial Advice Just an Observation.
Always remember: technical analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
2nd wave
3rd wave completed in high
probability 0.618- 1.75 fib zone
4th wave retraced to the High probability 0.382 Fib zone
Targets: 2 clusters of confluence
$53k & $310k
EUR USD Where will price go ? Here is my projection No doubt you will agree with me that EUR USD is looking extremely Bullish at the moment, but how long will it last?
My expectation is that price will hit the 1.13-1.135 area highlighted, then look to turn around from there.
Smartmoney took out and grabbed the liquidity ($) from the late March highs as expected after taking the highs out from April and May.
I do not expect into take out the High of Mid march the institutional candle highlighted should be respected and may get a reaction at the wick or open.
Looking to go short once price action shows is tell tale signs of reversal and looking to ride the trend down making big profits along the way.
This is naked chart analysis, pure price action with zero indicators. Want to know how to trade with an edge ? Get in touch, always happy to help.