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Intermediatetrend

The weekly on btcusd.This was an anonymous week where the classic capture of margins was witnessed on derivatives, if you go and look at the 1h timeframe, you will notice the "Bart" a new name for a fractal that often occurs on cryptocurrencies, which in any case has no value and is only a grammatical "flourishment", for now. The important thing is that the price has not broken the low, so the intermediate-term bullish trend remains for now, even if the price has been catching its breath for a while, surpassing previous retracements in bull markets. The only analogous and similar period given that it occurred after a halving, is the period between June and August 2016, culminating with a hack suffered by bitfinex, which was then patched up in some way. Today there are many hacks linked to exchanges, also because the latter have increased in number, but they no longer have the same impact as before. Today the bitcoiner has become a worse hypocrite than he seems, today we are waiting for the Fed data, today we look at what the large capital management funds are doing, so if we are dealing with these movements, it is because the professionals know how screw you. I can only recommend following the long-term trend, i.e. the underlying one, and staying away from financial levers linked to cryptocurrencies, or in any case if you use them, look for instruments that have a clearing house that establishes the validity of that exchange, not it is 100% safe but at least you don't risk losing capital in a margin call due to the dump of a meme coin taken with leverage greater than 10.
BITFINEX:BTCUSD
by Melupira89
The weekly on btcusd.Interesting weekly candle, a hammer that needs confirmation in the next 2 or 3 weeks. These types of patterns require confirmation within the following 2/3 sessions, they represent a retracement in the majority of cases, only if seen on the top or bottom can they represent a reversal, here we have no such scenario, the candle has manifested itself during an intermediate correction, ergo the retracement or correction could end here. Now we just need to observe the next weekly sessions, a perforation of the hammer low could mean that the correction is not over, but at that point the scenarios would change if this hypothesis were to manifest itself.
BITFINEX:BTCUSD
by Melupira89
The weekly on btcusd.5 weekly sessions have passed since the ATH, if this was a correction we could see an increase in volatility and perhaps even violent bursts, aimed at eliminating as many small fish as possible from the market. This area around 69k usd is a very important resistance, having been a high that lasted 3 years, it will not be easy to break it, something would be needed to move the market, an important news or rumor, usually you never know what it is it was what made the price move, only in hindsight can certain reasoning be made, so don't rely on the news. There was the halving of the block premium (the famous Halving) which was already discounted by the market being a periodic and well-known event, of course now mathematics could come to the aid of the bulls with less BTC put into circulation, we could also witness increases as many hope, but it is better to keep our guard up. If you bought, all you have to do is update your stops/takes, if you want to get in and wait for a drop, I wouldn't want to be in your shoes right now. Of course, if a black swan were to arrive it would be a good thing for those who are short or those who want to buy, but I repeat, we have been following an upward strategy for more than a year, since November 10, 2022 to be exact, so even if it is not easy to predict what will happen, the underlying trend is clear and until we have proof to the contrary, the logical thing is to follow the rise.
BITFINEX:BTCUSD
by Melupira89
3
The trendline magnet.The weekly candle that closed yesterday shows how buyers are almost eager to buy on every dip. More fud will be needed to create an intermediate correction (greater than 3-4 weeks), something that could be seen as a small catastrophe by the market, for now the rise does not seem to want to weaken, which happens in trends that have directionality and volatility, a winning mix for those who trade on btc or in general. But all that glitters is not gold, sooner or later a resistance like this trendline will be found, which is working well, attracting the price as if it were a magnet, in an area where we have no reference, once the highs are broken historical ones we navigate by sight, not knowing where the most respected levels are. Some use Fibonacci which is a very useful method in these situations, but it is not infallible, therefore entire movements or bullish "legs" are often left without being exploited. I am trying a new method that combines price and time, unfortunately there is no way to know what the period highs will be, but you can establish "when" to close a position. The advice I always give is that the position should be closed in fractions when you don't know what to do, first eliminating the risk and then closing small portions as prices rise. Everything is subjective, it always depends on where you entered and above all when you entered by buying or opening a position on derivatives.
BITFINEX:BTCUSD
by Melupira89
The trendline on the btcusd weekly.The trendline had its importance, the price crashes into it and retraces, I hope only in the short term, otherwise I may have done the math wrong. There is. Nobody knows the future and technical analysis is the study of the past, therefore the probability that this ongoing movement is a short-term correction is high, for the simple context in which we find ourselves I made this reasoning, an all-time high and then a pullback, I think it's textbook. I also noticed an interesting date like March 29th, on that day there will be a very large number of options expiring, I don't know if it's related but given the amount of BTC in question, I think it's important to keep this in mind. The weekly candle that just closed the day before yesterday is a clear indecision candle drawn on a dynamic resistance like the trendline we see on the chart. So once the strength of the bears has run out, the bull could come back and perhaps even very violently until the intermediate correction, usually longer than 3/4 weeks, unless this is in progress, in which case the scenario would change slightly, but the underlying trend would remain clearly bullish.
BITFINEX:BTCUSD
by Melupira89
The weekly on btcusd.An old trendline drawn on long-term cyclical lows, today seems like a good resistance where perhaps the price will have a small moment of pause, perhaps in the short term (3 weeks - 1 month). Last week's closing above the historical highs or in any case in that area also seems to give continuity to the bullish trend, but here now it is more important to try to understand the signals that could lead to a short-term correction or the more important one in the intermediate period. Understanding in time when the price will be in intermediate correction, as we have already seen in the past, becomes essential to recharge or get on the train which at this point only an unexpected catastrophe could stop. With this I don't mean to say that the time has come to sell, but quite the opposite, this is a good time to take advantage of a share for those who already have huge percentages in their portfolio, otherwise there is nothing to do, just wait for the possible corrections and buy. Today it's easier to say, it's true, I was lucky enough to get a lift in time which then proved to be the right one, except that if we didn't follow our experience, we'd be complete asses.
BITFINEX:BTCUSD
by Melupira89
The macd on btcusd.With the explosion of the rise that broke the old highs relating to the intermediate period, the price proves to have reliable bullish strength. The Macd highlights that with this crossing, between the signal line and its moving average above the zero line, the short-term correction could be over, therefore a resumption of the upward path again in the intermediate period. I remember that this macd is configured for an intermediate period therefore from 3 months upwards, which is why it is slower to give the signal, but excludes false signals.
BITSTAMP:BTCUSD
by Melupira89
The weekly on btcusdWith the exceeding of 43.8k usd which is the maximum achieved last week, an attack on the most important resistances could take place or perhaps directly at the maximums achieved in January, this or next week. The hammer from two weeks ago, which requires confirmation, needs a close higher than this high taken into consideration today, because at that point the correction would be over and the trend would restart upwards. The opposite scenario, i.e. the invalidation of the one-candlestick pattern, would occur with a perforation of the hammer lows and would be a clear sign of weakness.
BITFINEX:BTCUSD
by Melupira89
Monthly on btcusd.January ended with a Doji candle, a symbol of uncertainty and often when seen on the tops a prelude to reversals. But for a reversal of the trend, confirmation will be needed and we know that the underlying trend is bullish, so in this context we can use the doji candle to understand whether it will make a retracement or not, using the highs and lows of the candle. For the February or March candles, a closing below the minimum should be seen as a retracement signal because to reverse the underlying trend, in addition to confirmation, time is also needed and on this we have seen that the trend has been bullish for more than a year . A close above the doji's high, however, would be a very strong bullish signal, consolidating a trend that for now seems to catch its breath in the short term and that's all.
BNC:BLX
by Melupira89
Short term correction on btcusd.Does the macd indicate weakness of the short-term correction, is the decline over? A rise now could also bring the price above 49k USD, but tomorrow's FED meeting will affect the direction of the price in the short term, so we have to wait to understand just how many cuts they will make on interest rates this year. Once this event has passed, I hypothesize a resumption of the upward trend in the price in the coming weeks, barring sensational events that could change the ongoing scenarios. This is not in question for now.
BITSTAMP:BTCUSD
by Melupira89
1
BITCOIN POTENTIAL LONG SCENARIOHi Everyone. Thanks for reading my post. Looking at the current price level that BITCOIN has pierced through which is the Low of 28850. This is a Bold INTERMEDIATE DOWN TREND LOW and piercing slightly below it to 26700 and recovering back above it has open a significant door to Long Opportunity. I believe BTC is a Long term UPTREND and we have hit a level that if held i.e 28850 as it is currently holding am calling a BUY OPPORTUNITY IN the BTC to at least 39K to 40K region in the near term. Couple with the fact that the last 2 weeks volume started to dry up from about 900K plus 3 weeks ago to 300K plus 2 weeks ago and 400K plus last week, it is glaring the SELLING PRESSURE has eased. My SWING TRADE CHART POSITION on 4 hour chart has seen some clear END of DOWN AUCTION pinbar or Single Prints on DAILY and 4 Hour Chart. Also my hourly Chart has tested the some liquidity lows or Support levels and grabbed some liquidity which is an important part of the Order Block Manipulation and Liquidity grab @ lows between the 28900 and 28600 region. Am calling a BUY OPPORTUNITY around a retracement back to 29400/200 buying zone. I am believing if price trades below 28000 then I will be reanalysing this BUY OPPORTUNITY which makes it my Stop Area. I am targeting at least 39K to 40K price level with this call. Happy and safe trading, Thanks you all.
Long
by LukmanBalogun
SBUX - short trading opportunityHi, let's look at the weekly charts for Starbucks Corp with the symbol of SBUX. I like looking at Weekly charts because it reduces the noise and help us to concentrate on the overall trend the market in the intermediate and short term. Starbucks is following a 23 week cycle and I expect the next cycle low to be around 28th of April 2020. Cycle low can happen one week a couple of weeks prior or later as well and hence its important to look and i will be keeping an eye on it. I have mentioned the key point of the previous cycles on the chart . Let's look what happened on 22nd July 2019. On the weekly candle at this date, we saw major market high being made and this was also indicated on the RSI levels . RSI went above the 90 levels and became significantly overbought. Around 23rd September 2019 is when we were expecting a higher high to be made as this time was around 75% of the cycle completion where one would expect a higher high in an uptrend cycle, which failed. We went on to make a cycle low as expected on 11 November 2019 which happened to confirm that we made a lower low than the previous important low and that we breached the previously established uptrend line. Any long trades prior to this was a great time to exit and book all profits . We are now in a downtrend. As established, we are in a declining phase on the weekly charts. Not only is the weekly momentum negative, the daily chart too shows that we are in a declining phase. Daily chart cycle analysis suggests cycle lows to be expected near Feb 2020 end or early March 2020. Entry range : 87.35 to 90.35 (weekly chart has shown a downward window, will act as important resistance zone) Take Profit 1 : 84.79 to 82.58 Take Profit 2 : 79.32 to 75.15
NASDAQ:SBUXShort
by LoveForCharts
ORBEX: USDJPY Could be Heading For Wave 3 Completion Higher!USDJPY could move higher towards the 1.618x Fibonacci extension of the latest bullish minute pattern started on 107.88. This would validate the recent breakout above 109.32 as well as the intermediate degree structure which has a medium-term target near 114.55. The pair, however, could have just ended the intermediate move to the upside at the 2x Fibonacci extension near 109.62. That would assume that the last upside move from 106.50 upwards is an ending triangle, and that the current intermediate degree labeling is invalid! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
ORBEX: CHFJPY - Open Triangle Top Trendline Penetrated!It looks like the corrective wave (2) of the bullish intermediate degree has ended at 106.74 with an open triangle pattern formed in minor wave C of the A,B,C correction. The recent breakout outside the triangle barriers looks impulsive (as seen in minute 5-wave upside move) and fresh highs could be expected. In the short-term, we could receive a brief pullback before continuing higher to take out minute wave (iii) near 109.40. Or, we could get there first and then receive a pullback. Minor wave 1 is expected to end near 110.23 and as part of the intermediate impulse to the upside, minor 5 has a long-term potential above 120.00. This opportunity would be invalidated below 108.00. A break above 109.10 and then 109.57 would be validating the longer-term outlook. Stavros Tousios Head of Investment Research Orbex
Long
by Orbex
ORBEX: EURUSD - Are We Going Lower After Minor 4's Completion?It looks like the corrective minor wave 4 has ended a tad above the strong 1.1025 resistance, taking our breakeven stops. The recent attempt to push prices higher is most likely done for now and fresh lows could be expected. Minor wave 5 is expected to end below the most recent low of 1.0880, where intermediate wave 3 will also see its end. The intermediate wave 3 is part of the primary A,B,C zigzag with waves A and B at 1.13 and 1.1816, respectively. C will finish this correction with an intermediate 5. The minute upside correction is part of a bullish flag which could have prices sliding down to 1.07/1.06 medium-term This opportunity would be invalidated above 1.1063 in the short-term, but in the medium-term, we could see an upside completing a deeper correction closer to minute wave 1 low near 1.1195. A break above the latter would most likely invalidate bears in the longer-term. Stavros Tousios Head of Investment Research Orbex
Short
by Orbex
Wave 5 Completed, now prep for big intermediate correction downIt seems APPLE has now completed the Wave 5 Intermediate period Impulse wave and has now started what seems to be a big move downwards in a Bearish trend in a correction/consolidation move. TECHNICALS: Price action has completed Wave 5 Inpulse Elliott wave count and has now seemed to start the ABC correction/consolidation move downwards which should last well into the end of 2018 if current projection stays on course. The Mustard and Ketchup EMAs will likely cross either on the Next Market Open or the following day, should the market continue to SHORT or Stock holder Sell off. Price action patterns show defined structure and 2x likely SHORT entries, one being already completed and the other should be on market open with a Daily candle either Gapped below or just below previous market close due to APPLE-CEO Tim Cook announcement (see fundamentals notes below). 'TDI' shows 'RSI' line has just completed small sharkfin and on downward direction just below the oversold zone and towards the center 'TDI' band which would confirm the next consolidation move. Support and resistance areas are marked and I suspect will be penetrated. FUNDAMENTALS: APPLE-CEO Tim Cook has announced he will donate $2 Million dollars to FAR LEFT groups (Far Left = Socialists/Communists/Fascists/Nazis) after the Charlottsville Virginia clash last weekend. The donation of $1 Million will go to the SPLC (Directly linked to far left groups, George Soros and other hate groups) and another $1 Million will go to 'ADL' (linked to far leftists, various hate groups and engaged in a lobbying campaign for net censorship as well as the removal of the 1st Ammendment), thus mixing business with Politics (an absolute no-no) which has already shown a negative market sentiment reaction, as stockholders of APPLE are from all sides, mostly opposite to the far leftist ideologies & regimes. APPLE is sure to suffer the consequences of this, in my opinion, dumb move, especially because a 'CEO' of such a company should never engage in public virtue signalling, especially when APPLE engages in business in other countries that are homophobic and abuse human rights. Note: The devil is in the detail... What the intelligent stock holder informs themselves. Detail (reality check) sources here: a) www.audible.com.au b) twitter.com Fundamental notes/sources here: a) newswars.com b) CNBC: tinyurl.com c) USATODAY: tinyurl.com ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:AAPLShort
by UnknownUnicorn661419