BITCOIN AND SUPPORT/RESISTANCEBitcoin has reached a resistance point after a very strong uptrend, but we did not see strong bearish candles for short position. It is more likely that the price will hit the support line and become range. But to break this support, we must have strong candlesticks, and if it is broken, it will fall to the set goal.
Rangetrading
ALICE MY GIRL...Looks like it broke 4 days long descending trend. Now above the trend line that was resistance and looks like it just successfully retest it. If BTC does not disagree, we have a chance to see some more in-range trading chances... channel it's stuck in is 16% wide so we can make nice scalp trades until we break that yellow resistance level...
PLUG: You must keep an eye on these Key Points!Hello traders and investors! Let’s see how PLUG is doing today!
First, despite the volatility, it is not doing anything surprising today. As we can see, in the 1h chart, PLUG is dancing around the 21 ema, between the support at $ 25.01 and the resistance at $ 28.35.
The resistance at $ 28.35 is quite important. It was a previous support level on June and July, and now it has been a resistance, following the Principle of Polarity.
Although we have a congestion in the 1h chart, in the daily chart PLUG is in a bearish momentum, as it can’t defeat the 21 ema properly. As long as it keeps between these black lines, nothing interesting will happen.
The situation is quite simple: If we lose the $ 25, then we will head to the $ 18 (if we don’t see any good reaction quickly). If we defeat the $ 28.35, it’ll be great, as we’ll defeat the 21 ema too, and the target will be the $ 36.16.
Where do you believe PLUG is heading? If you liked this analysis, follow me to keep in touch with my daily studies.
Have a good weekend.
GOLD rejected by the 1830 area 🦐GOLD on the 4h chart is ranging between the 1794 support and the 1830 level.
After a few attempts to break above the market has always been rejected by the resistance and currently is trading over the support at 1810.
According to Plancton's strategy if the price will break below and the conditions will be satisfied we can set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
JICPT| Chewy bullish setup with target of 120! Hello everyone. I just identified a nice bullish setup of Chewy on the daily chart. Let's look at the higher timeframe first.
Weekly: Price is trying to challenge the upper boundary of the range. Once it firmly closed above $92, the target would be previous high of 120 using measured move tactics.
Daily: The uptrend channel has been respected well. The wick candle of yesterday indicated buying pressure inside the demand zone.
This is a brief multi-timeframe analysis. I don't go to lower timeframes, e.g. 60m.
Give me a like if you're with me. Thanks for your support.
SP500 ready for a new ATH 🦐 After our last analysis, SP500 reached the 4400 level as expected.
The price is now consolidating in a range above the previous highs and we can expect a fresh new high.
According to Plancton Strategy if the price will break above we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Tesla Hasn’t Done This in YearsOnce upon a time, Tesla was a fast-moving growth stock. But those days could be in the rearview mirror.
This chart highlights Bollinger Band Width and Historical Volatility on the electric car maker.
Notice how Band Width is under 8 percent – its tightest since February 2018.
Historical volatility has dipped back to May 2020 levels as TSLA pushed against previous highs before breaking out. Separately, TradeStation data shows that implied volatility on the company’s options is near 45 percent, about half its reading in mid-May.
Taking a longer look back, it might elicit a sense of Déjà vu because TSLA did something similar in 2013 and early 2014. That time, it broke out and rallied about 550 percent over roughly 47 weeks. This time around (starting in late 2019), the shares ran 1,100 percent over 53 weeks.
Prices proceeded to consolidate for 5-1/2 years after that initial run. While it can be frustrating, some stocks simply behave this way (especially growth stocks): They price in years of growth in a few quarters and then drift – confounding bulls and bears alike.
Given the similar price action between late 2019 and early 2021, this could be happening again in TSLA. It may suggest that TSLA’s agonizingly price range is the new normal.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Tutorial | Lesson 2: Signals For Trading Session Volume & VWAPWelcome to Part 2 in the Video Idea Series on using the Volume Scripts in TradingView. On this Fed Day, fun day edition, I cover a few entry signals and/or levels for using Session Volume and a VWAP indicator available in the Public Library.
It's 10 minutes and stick around to the end as I mentioned a way to learn more about futures trading, and these strategies, in a risk-free trading account.
NZDUSD Is at a Range Before Moving Down
Welcome back Traders, Investors, and Community!
Hi Traders, NZDUSD on H1 has been ranging for several hours after a Bearish move , it’s first target after move to the down side would be 0.6887
⬇️Sell now or Sell at 0.69160
⭕️SL @ 0.6945
✅TP1 @ 0.6887
✅TP2 @ 0.6873
✅TP3 @ 0.6845
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
GBPCHF testing a weekly support 🦐GBPCHF on the daily chart is breaking the range move between the resistance at 1.27900 and the support at 1.25750.
The price is now testing a weekly support and according to Plancton's strategy if the market will break below we will set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
July 6th 2021 BitcoinHello guys,
Jim Carrey is known for executing a successful habit in a daily basis. In 1985 Jim Carrey used to be a bit part actor he wrote himself a 10 million dollar check and dated it 10 years later. Call it a coincidence, 10 years later in November 1995, he found out he was cast in the movie Dumb and Dumber for — you guessed it — $10 million. I'm a huge believer of the R=VD equation and it has totally changed my life. So what's this R=VD equation? It is said that if one dreams vividly, there is a high chance of it becoming true, like Jim Carrey.
I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis . The power of dreaming is POWERFUL and should not be underestimated. I believe that we are in the Golden age of opportunity with crypto and I will go through this journey with you together .
Now let's take a look at the Bitcoin chart which could help us look at the general direction of the crypto market.
Using the Elliott wave theory, we've recently seen a beautiful bounce from 28808 composed of 5 waves which could either mean that we're in a trend reversal or a technical bounce. Since we saw a 5-3-5 we are either done with a technical bounce or in our 4th wave before the 5th. We've seen a rejection of the blue trend line in the red resistance zone which gives the bears the advantage for now. There are major hurdles for the bulls until we reclaim the weekly high. We will have to see if the key levels hold and if we start breaking 30173 and ultimately 28808 I will be looking much lower.
Again, for those that are looking into getting into swing positions, this is a no trade zone. I personally would wait for a confirmation to the upside or downside after getting out of last week's range. We'll get a clearer picture of the bigger picture once we do so.
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Range trading: Forex as for 05/07/2021
Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1811
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1782
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1753
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1909
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1938
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1967
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.3751
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.3718
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.3685
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.3902
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.3936
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.3969
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 110.66
Long position 2
(The price today will not fall below this mark with a probability 95%) 110.49
Long position 3
(The price today will not fall below this mark with a probability 99%) 110.33
Short position 1
(The price today will not rise above this mark with a probability of 68%) 111.48
Short position 2
(The price today will not rise above this mark with a probability of 95%) 111.64
Short position 3
(The price today will not rise above this mark with a probability of 99%) 111.81
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading
Range trading: Cryptocurrencies as for 05/07/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability).
What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable.
BTCUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 32899
Long position 2
(The price today will not fall below this mark with a probability 95%) 31890
Long position 3
(The price today will not fall below this mark with a probability 99%) 30882
Short position 1
(The price today will not rise above this mark with a probability of 68%) 36475
Short position 2
(The price today will not rise above this mark with a probability of 95%) 37484
Short position 3
(The price today will not rise above this mark with a probability of 99%) 38492
ETHUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 2135.94
Long position 2
(The price today will not fall below this mark with a probability 95%) 2068.17
Long position 3
(The price today will not fall below this mark with a probability 99%) 2000.41
Short position 1
(The price today will not rise above this mark with a probability of 68%) 2432.58
Short position 2
(The price today will not rise above this mark with a probability of 95%) 2500.35
Short position 3
(The price today will not rise above this mark with a probability of 99%) 2568.11
XRPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 0.6303
Long position 2
(The price today will not fall below this mark with a probability 95%) 0.5904
Long position 3
(The price today will not fall below this mark with a probability 99%) 0.5506
Short position 1
(The price today will not rise above this mark with a probability of 68%) 0.7382
Short position 2
(The price today will not rise above this mark with a probability of 95%) 0.7781
Short position 3
(The price today will not rise above this mark with a probability of 99%) 0.8180
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading
EURCAD possible scenarios 🦐EURCAD after the test of the weekly support has started a range trading between 2 structures near to a strong monthly trendline (purple one)
According to plancton's strategy we will wait for the break of one of the 2 structures to consider a position in the market.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
JINDALSAW - VERGE OF RANGE BOJINDALSAW - extremely at an interesting point.
Took a fake dip with dried volumes and the price is rising since then with great volume buildup.
- On the Verge of strong Range BO
- Bullish RSI levels
- Good volume profile.
One can go long above 103.5 with SL of 80-84 WCB
Targets of 125/160/200 look good.