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Macrotrend

Roku Test with Destiny A 2 year Support trendline A Buy?Hi Guys. So i am always on the lookout for Macro trend setups, signs and opportunities. I believe ROKU is potentially in a position to take a nice swing. This analysis is on 1 day. Notice we have reached a Sloping Support trendline from December 2022. We've had 2 touches previous that resulted in bounces. Trendline theory states trendlines can stay intact for atleast 3 touch points. Owing to the idea that our recent touch point is a solid area to take positions. Has a decent probability of a bounce. On top of that we have the Blue horizontal trendline, which acts as an added layer of Support. Incase the black trendline does not hold, this would be next lvl. Stop loss/limit should be placed below trendlines based on risk tolerance. Small positions can have a larger % loss, vise versa. Now to Support my theory of this buying a solid area to take positions. I have 3 indicators. RSI which is in Oversold conditions after 3+ months. On top of that the momentum indicators MACD and STOCH. Are also oversold. MACD is signaling a waning bearish momentum. As seen by the light red histobar prints. We are looking for and eventually should see Green bars and a bullish cross. Which can bring in necessary demand we need for bounce. Also STOCH RSI is below the 20 lvl, but crossing Bullish as we speak. This must continue and a bullish cross ABOVE 20 lvl, will also bring in demand and help with bounce. If we see bullish changes in the momentum indicaotrs, i believe there would be a even higher probability of prices bouncing. So pay attention, be diligent and manage risk accordingly. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ROKU in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:ROKULong
by SafofAllTrades
5
Americas Car Mart Testing Multi-Year Demand Zone (Buy Zone)Hi guys! This is a MACRO Analysis on AMericas Car Mart (CRMT). Macro meaning larger timeframe aka the 2 week in this instance. Macro moves tend to speak louder than smaller timeframes like the 1 day for example when they start to move in price. I believe CRMT has come to an important area and poses a great trade setup in my opinion. If we look to Price action. Notice 2 Support trendlines outlined. These are MULTI Year Support zones. When price reached the trendlines, we ended up bouncing UP. Notice our current price indicated by Orange box. Our 2 support trendlines have converged. When 2 support trendlines meet it strengthens the Support. Also notice the 21 EMA (Purple moving average) -> We have been below this since Septemberish of 2023. Moves below 21 EMA especially on the 2 week pose for good Buy zones as well. So the combination of converging Support lines and being below 21 EMA = Good area to take positions Now notice the 2 indicators ive included. These are momentum indicators. STOCH RSI has crossed BULLISH. (where blue line moves above orange line) Momentum can pick up and start a move up once this crosses ABOVE the 20 lvl. MACD is currently below the 0 lvl. With the histogram bars changing from dark red to light red. This indicates a waning of bearish momentum. It is also attempting to create a higher low. All good signs. Look for a Bullish cross and green bars to show up. That will help drive prices up. A cross ABOVE 0 lvl would bring about massive moves up. Continue to monitor the indicators and price to stay above the Support zone indicated. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on CRMT in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:CRMTLong
by SafofAllTrades
Nike Monumental Macro TA FindingsHi guys! This is a look into Monumental MACRO developments occuring in Nike stock market structure, some of which are happening for the 1st time in history. For this reason and in my opinion, its a very important time to keep eyes on Price action. The aim is to briefly go over what those developments are and what it may mean for NIKE's Current market trend. Hopefully providing insights for investors. For this analysis, we are looking at Hieken Ashi candles on the 6 month timeframe. Note that: Our current candle will close in January 2024. So it has alot of room to change by the time the candle closes. Ive chosen Hieken Ashi candles to provide clarity in patterns of trend that occured in Nike's History. Our major development is that we have broken down BELOW and confirmed resistance against our MAJOR MAJOR Historical Support Trendline for all of Nike's Market History. This is the 1st time we have ever done this. It warrents caution as this signifies Major Trend Change, perhaps even macro trend reversal. While we were above the Spport line, we knew that everytime we came down we would atleast test that line. Now that we are BELOW it, we need price to find the next support. Currently ive highlighted by a Black Support Trendline, that very support area. We've maintained support since January 2020. This line coincides with another black line that marks Resistance. When combining these 2 black lines, we have ourselves a Symmetrical Triangle. That is very likely to play out sooner or later. If we are able to break above it, it may be probable for us to get back ABOVE the MAJOR SUPPORT Orange line, continuing our Uptrend. If we break below, further declines will occur. Further supporting the idea of a Major Trend Reversal. We are also currently at 4 Red candles in a row. If you notice previous history, 4 in a row has happened only 1 other time. July 83 to Jan 85. And also notice that the 3rd candle of the sequence indicated market bottom with the 4th candle printing a higher low. Can that be the case for us now? Maybe but things in the past don't have to repeat. Being inside of the symmetrical triangle, 4 red candles in a row would warrant me to NOT take any investment positions. In my opinion, if we break out on the upside of the symmetrical triangle and preferably get back above "Orange support line", would i consider taking positions. I think as of now however, we are at best more likely to either move in a range/ sideways or see further declines as the worst case. Why i think this, is because of the STOCH RSI. Notice how we are below the 20 level with a bearish cross/signal. The last time we did this, we were in here for multiple years which led to moving in a range for many years before continuing to make all time highs. Within range our, price dropped from the top about 67% to bottom of the range. If we continue the previous pattern, the same is likely. Hypothetically, we can also drop 60% to $70.00 level, which is a support area. For that to not happen we would need a BULLISH cross ABOVE the 20 level. Also notice the RSI, we are currently at the lowest level in all of NIKE history. We are also in an RSI range that coincides with sideways or range bound action. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ETSY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:NKE
by SafofAllTrades
A look into Shake Shack's Macro Trend, Bullish or Bearish? Hi guys! This is a Macro analysis into Shake Shack (SHAK). We will assess various developments occuring in the charts, shedding some light into whether we are in a bullish or bearish overall trend. The analysis is done on the 1 Week timeframe. When looking at the Price action of Shake Shack. We have recently been REJECTED from a Major Resistance Trendline (RED line). This line has been acting as resistance since Feb. 2021. NOTE: This trendline indicates our current TREND. That is we are in a downtrend until proven otherwise. That proof is breaking ABOVE and CONFIRMING Support on this RED line. Also NOTE: This is our 2nd touch point of this RED line. In trendline theory it states that atleast 3 or more touches are required on trendlines for them to weaken enough for a break to the opposite side. So it makes sense that It has pushed us into another downtrend that has recently broken down below the 21 EMA (Purple moving average). We are now rapidly approaching a SUPPORT test on the 50 SMA (Green Moving Average). It is crucial we find SUPPORT on the 50 SMA and Horizontal Black Support line. If we can't we risk falling to the "Major Support Trendline". Which also risks another DEATHCROSS. Notice the slight downward curve on the 21 EMA. Having a DEATHCROSS occur can bring in momentum to even push Prices below the "Major Support Trendline". Our MACD indicator has also CROSSED Bearish with signficiantly increasing RED histogram bars. This signifies an increase in bearish momentum. To maintain Bullish trend, we need to stay ABOVE the 0 level on MACD and have a BULL cross with the print of GREEN histogram bars. We also MUST maintain Support on the 50 SMA, eventually CONFIRMING Support ABOVE 21 EMA. Notice also the GOLDEN CROSS between 21 EMA and 50 SMA, as long as we maintain SUPPORT Above 50 SMA, this has the momentum to maintain an UPTREND. It can also help us breakout through the Major Resistance Trendline. Also take a look for reference at our previous REJECTION of this Major Resistance Trendline. (Orange arrow) Notice how we ended up testing Support on Green 50 SMA, bounced upwards but ended up coming back down and breaking down, printing the death cross and falling 72%. There is nothing saying that we cant do a similar move but theres also no way of knowing that it will play out exactly as past history. Thats why we need to be level headed and take it 1 step at a time. So in the coming weaks our current direction of price action is to TEST SUPPORT on the 50 SMA and the Black line Support CONFLUENCE first. This area is CRUCIAL area that will determine whether we go back to RE-TEST either: 1. RED Major Resistance Trendline above. 2. BLACK Major Support Trendline below. If we re-test the REDline that will make 3 touch points, and we will need to observe whether or not we break through. If we re-test the Black Major Support trendline, we risk breaking down which may cause further price declines. But note its a Major Historical Trendline so it can make monumental buying opportunity provided we get back down there. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHAK in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SHAK
by SafofAllTrades
Are we out of the woods yet? The following assumption is quite simple. A close on the monthly chart on any investment instrument is hugely important, and the one we are going to have for BTCUSD in August could potentially dictate the upcomming macro picture. After the peak in 2017, the market had simmilar reaction in which price fell relatively sharp, followed by an unsuccessfull rebound to prior ATHs. Last cycle macro stages (*on price alone*) : BTC prints an ATH fueled by some sort of impulse move. Fails to sustain the price at these levels. Breaks to the downside, below the fast MA Rebounds just slightly above the fast MA - not enough buying pressure Falls around 60% from the rebound to the fast MA - creates a bottom (and a solid entry on next cycle.) On the chart, I've plotted what I am seeing currently - we had the top at ~64K, followed by drop below the fast MA, and we are currently trying to rebound for potentially another drop lower - coincidently, if we drop around 60% once more, it seems to be in a very logical spot (where prior ATH from 2017 and the last monthly candle of 2020 - and the first candle after the BO - meet. (~$18.5K) Of course, this does not mean we are going down, but there seem to be logical reasons for a further drop - and if we dont close this monthly candle on a strong bullish note, I think having a bearish bias would pay off better, and easier.
COINBASE:BTCUSD
by rafblz
All Time SPX Fibonacci ChannelFibonacci channel with zero line stretching from 1942 low to 1974 low, and 100% at December 1961 high. The chart is in logarithmic scale. A few interesting things to point out: 1. Price only surpasses the 100% level during the dot com bubble and 2021-22 when the Fed's money printer was running wild (another bubble). 2. Price between the 78.6% and 100% level seems to coincide with low to moderate unemployment and average to above average GDP growth, however this is a generalization. There are instances where price remains above the 78.6% level during mild recessions (1960), and there are unexplained events like the "Kennedy Slide" where price dropped close to the 61.8% level even though unemployment was moderate and GDP growth was well above average. But in general, if price is below the 50% level, it's during tough economic times, like the 1970's. When the economy is in at least decent shape, we tend to stay above 61.8% at least. 3. Price almost reaches 100% level again in 1965. In 1997 it tests it before breaking through it in '98. In 2007, 100% level was reached, right before the Great Recession. 4. When the dot com bubble burst, price fell to the 61.8% level. March 2020 COVID low fell to the 50% level. 2022 low fell to the 78.6% level. At a minimum, the channel provides me a way to better visualize the long term trend. Be sure to zoom in. Do you believe we'll fall below the 78.6% level in 2023? Let me know your thoughts.
TVC:SPX
by SAKDOS
3
Cardano - Updated Charting 06/02 with Bottom Target Buying Zone Cardano enjoys a sweet dead cat bounce before moving further down finishing wave 5 (.30-.10) before moving upward towards ATH. Headwinds to take into consideration BEFORE investing in what they identify as risk on investments: Jamie Dimon's Hurricane Comment: www.cnbc.com (People should take not coming from Jamie, potential significant heads up) Latest ISM Report (May 2022) BULLISH FOWARD GROWTH: www.ismworld.org April Jobless Claims in at 200K (Extremely low) : www.cnbc.com Latest PPI Report (April) 11% www.bls.gov Latest CPI Report (April) 8.3% www.bls.gov DXY: Upward momentum since 07/2021 (Up 17.29% from 89.47 - 103.57 (Trending now around 101-102.xx) Ukraine War Crude Prices: Macrotrends Covid / Monkey Pox / Viral flavor of the month (Fear Tactics) Supply Chain Challenges Manufactured slowdowns of goods...for example China closing key manufacturing plants in an attempt to retain pricing power. Continued FALLING YEN! (Danger Zone) BTC.D Dominance! (46.78% Currently) Up from 39.26% in Jan 2022 Housing: Who would have EVER thought the CURE of the housing shortage was higher interest rates. By some sort of miracle, there's no longer a shortage! www.thetitlereport.com *** CAUTION *** There are significant CRACKS in housing, especially in those areas that enjoyed MASSIVE double-digit gains in most recent years. Looking for WALL ST corps to dump asset inventories as to not carry negative appreciative assets on their balance sheets. 1 out of 5 homes on the market currently has price reductions already. Look for significant additions of inventory VERY soon as even more people are priced out and corporate landlords like BlackRock will be looking to offset their portfolios not gain. The FED also looking to sell MBS (Mortgage Backed Securities) instead of buying them, will force lenders to keep more mortgages on their balance sheets (They are already adjusting for tightening lending requirements. REFI markets with even higher interest rates are almost completely DEAD. Mortgage companies have already begun restructuring (layoffs) of many mortgage personnel. Looking for a 40-50% reduction in housing prices (Generally speaking, go back to 2016 / 2017 and add 5% to those sales prices and that will provide realistic guidance of where the housing prices will retrace to. ALL of the above is strictly entertainment and not financial advice. ;-) GOOD LUCK EVERYONE!
COINBASE:ADAUSD
by Askatec
1
Can we expect more inflation? A look US Consumer Price Index.We are living in very uncertain times. I wanted to provide a couple of view in order to understand the current market situation better and determine a strategy going forward. So I have created a US consumer price indes YOY% chart. We have not seen such high interest rates since the 1970s when demographics created a demand shock and oil embargos and Iran crisis created a demand shock leading to high inflation. Today, respectively as a result from 2 years of Covid-19 (measures) and now a war we have seen tremendous supply shock. Now can we expect the peak of the inflation fear has passed? Will we see a slow growth and a declining inflation? Stay tuned for more charts.... -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
ECONOMICS:USCPIShort
by CarpeMomentum
Global vision of BTC according to Market Phases TheoryHey mates, When the market behaves unexpectedly and many people lose their money it is the best time to calm down and take a look at the market globally and historically. Market Phases Theory comes from the roots of the Dow Jones theory of Stock Market Cycles. Basically, all markets are passing 4 constant market phases: 1. accumulation 2. uptrend or markup 3. distribution 4. downtrend or markdown Before making any decisions it's crucial to understand where we are now and we do we go. Let's use the method of elimination. So, today, on April 12th, we are obviously not in the Uptrend or Advancing phase. We are not in the Distribution phase too. Are we in a Downtrend or Declining Phase? Maybe, because 6 months ago we hit All-Time-High. Maybe not, because we are still in a macro bullish trend since 2020, for 2 years by now: higher lows - higher highs. Are we in Accumulation Phase? Highly probable. Take a look at the Chart. After a rapid downtrend, we stopped at a particular level of 33000-34000, and since then we're defending this level and moving to ascend. The Point-of-Control of the last 18 months shows us an important accumulation level on 38888, where we are today. Of course, the global economical and political state is not optimistic, there is big tension and uncertainty. We've got a Black Swan of Russian Military Aggression on Ukraine and the whole world. The US is trying to fix things it was done by printing unlimited money and ignoring inflation risks. So there are a lot of factors that can bring us to a continuous downtrend leading to the bottom of nowhere. But until we're in a macro ascending trend and holding above 35000 - we may say it's still an accumulation phase. Otherwise, we would say about degrading market and falling under 30000.
by nefyodov.artyom
1
ETH/BTC Looking Bullish! Alt Szn incoming? ETH is at local resistance + a high volume node, trying to break out and confirm an Adam & Eve bottoming pattern and continue it's macro uptrend. If it breaks above this area, there is lower volume above which means it will face less resistance if/when it moves towards the upper trend line. We're also seeing increasign volume on increasing price - also bullish. ETH/BTC chart is important, not just so you can balance your long-term portfolio towards whichever is outperforming, but also because ETH/BTC is a powerful indicator for the strength of Altcoins, in general. When ETH rallies (and BTC.D falls), alt season is on-- so don't focus solely on ETH; there will likely be other coins & small caps that outperform it in these mini alt cycles, if you know where to look. It's hard to ignore the doom and gloom of macroeconomic factors that have beaten down the markets recently, and those of us who have been around since 2017 may be suffering some PTSD from the hopium rallies at the start of the long bear market, but there's good reason to believe we wont see such a long/devastating bear market again. Nobody knows, so try to focus on the PA. Charts are looking bullish, so maybe it's time to be bullish. Even if it's short term, there's lots of good trading that can be done in these mini cycles. just keep stops in place and don't get rekt. happy trades CD
Long
by cryptodonovan
1
NZD-USD Fundemental and Macro AnalysisThis weekend's market is expected to be relatively quiet. They will not produce large effects or move, and they will most likely not affect all pairings. We should proceed with caution, but the New Zealand dollar and the United States dollar have a very high possibility of gaining ground because of recent performance and statistics that I have obtained. After that, I'm going to stick with this currency pair for the weekend. Everyone should use caution, even if they have high expectations.
Long
by Idealadvantage
Monthly RSI Hidden Bearish Divergence confirmation.Lets not forget this little bad boi either! Hidden divergence is indeed considered an indication of trend continuation, but have a look at the bigger picture here. Eeeeeeven if BTC remains bullish on the macro trend, this confirmation of hidden bearish divergence could see a comparatively massive pullback. This would fit the "Expanded Flat" paradigm mentioned in my other post today. After a redonkulous 91 level on the monthly RSI one could expect the old dog might be a bit clapped out and in need of a rest. With 2 touches on each side, Bitty appears to be in a positively gigantic Ascending Broadening Wedge. A 3rd tap on macro trend support due to Hidden Bearish Divergence could see the asset return to 15 or 20k... or LESS! The Ascending Broadening Wedge is known to be a continuation pattern, so if this scenario plays out the measured upside move is astronomical. But honestly, this will take years and years and years. A lot can happen to change the course of history in that time, so who knows!? Food for thought anyway.
Short
by syncro23
5
BITCOIN - Keep It Up Bulls!!Hello everyone, rouzwelt here Well we are seeing some interesting moves from bitcoin recently, as price managed to shoot straight up through 35k resistance level to 39k without any reaction from bears. If you have been following me you know that I've been pretty vocal about the general weakness in chart and the lack of demand and that these reasons may cause bitcoin to crash even more and bring all the crypto market down with it. But at the end of the day I can't predict the future, I'm just focusing on the probabilities and position myself on the most probable direction. But the more probable direction doesn't always play out and you get one of these F*** YOU candles every once in a while in crypto space as it is not yet matured enough like other markets and these high volatility events mostly happen when the liquidity is low, just like the current moment. Price has done some good bullish actions in last few days, but the point is that nothing has changed much since this pump initiated, technically and fundamentally. As you can see we are still in the 30-40k range, and we are also below the main blue down-trend line formed from our macro highs. As you can see in the screenshot below of my last post on bitcoin daily timeframe (Link: ), price has recovered some of lost levels quite like my projection, and I also have been talking in that post about the importance of the 42K and blue macro trend line, which are the 2 most critical levels for btc to break if we want to see higher levels again, and right now if price manages to head high in the coming week or so, it can actually test those 2 levels at the same time and break above them, but until that the macro trend is still toward the downside and even if price breaks those 2 levels, it still has a great chance of rejection, as we need to see a macro higher high getting printed above our last macro high, but there are great trade opportunities on the way, so bulls still have a lot of work ahead of them if they want turn things around. I also pointed out there that the triangle formation gets invalidated if price manages to break and find some support above it, so then the rectangle formation becomes the main chart-pattern formation which traders will pay attention to. I also talked about the possible sideways movement until price reaches to the macro blue trend-line which would be the most bullish scenario for btc in my opinion. So I still believe in what I said in that post until it gets invalidated. Last night I updated my last post and said that I'd be looking for a short trade entry point when price reaches to the 35-36.5k area, but it's good that I didn't find any as price has cut through that area, but I still think that there a good possibility that we see a decent pullback after this pump, and if that pullback manages to hold above the triangle then it will be good entry point for a long position, but at current moment I don't see any entry point for a long position as price has risen so much and entering here brings a great risk with it. We still need to stay cautious as this pump has come mostly as a result of low liquidity which you can clearly see in the bars' volume, so the chance of it being a fake-out to cause the maximum pain is not low. At last I'd like to mention again that at these market situations, risk management becomes even more important and shows its real value, as this whole range's price action was and is haunting many people's Stop-Losses as I had said in my last month post (article link below the post). I have taken some trades in this range and most of them stopped-out at break even after securing some profits before it turns around and I had the ability not to lose any and gain some with good risk management. So I suggest you to practice risk management excessively at this stage. I'll be posting about my next trade setup idea soon as I'm looking to enter aggressively when I see a good entry point, no matter which direction bitcoin goes, so stay tuned. And if you find this post helpful then consider supporting me by hitting like and comment if you have any opinion about it, I'd would love to hear your opinions. Have fun and trade safe.
by rouzwelt
What is cooking for BTCUSDBased on my understanding of INDEX:BTCUSD macro direction, this chart shows the three significant parts of the market cycle: - Forms a low after capitulation ( due to news, potential regulations, deleveraging on exchanges etc. ) - Creates a fast and parabolic run for several months ( diminishing returns each time ) - Market falls hard after creating a significant ATH multiple times greater than the previous one - After finding a bottom Bitcoin spends majority of the time in an accumulation stage until it reaches prior ATH. Cycle repeats; So far we can see only 4 cycles, if we include the current one. In the scenario the current cycle would follow the same overall market structure as seen previously, my bias would be towards the bull side of the market. Bull case: Currently the opinion of market participants is that we should see another leg up, with some projecting 100K, others 300K targets. DXY may continue to lose strength towards the end of the year, allowing for BTC to gain momentum potentially. Prices of -50% should be tempting to some bigger investors and institutions. Bear case: Opinion of the masses is often the wrong one - hence we could have already seen the cycle peak ; Adding confidence to the contrarian viewpoint - the current market ATH is well aligned with the previous market peaks ( s3.tradingview.com ) From a pure technical standpoint, the current ATH had formed an area of trapped long-biased traders, suggesting that it would not come to revisit the 55K+ prices any time soon; on top of that, on the 1W chart I've noticed some time ago that there is not 1 but two extremely strong reversal patterns - Head and shoulders, together with a Double Top (within the head of the H&S). Generally on such long timeframe one pattern is a confirmation strong enough, especially of that relevance - in this case we have two, which have already been validated as well. Here are my analysis prior to the drop, I wasn't really sure it was going to play out like that but.. I guess it was time to happen anyway. ( 1/ s3.tradingview.com ; 2/ s3.tradingview.com ) Generally, those patterns hold for around 100 candles - in this case around 100 weeks before the market bottoms? Additional confluence - Wall Street cheat sheet - the emotional blueprint seems to be playing out so far - if this is so, we are currently to see "back to normal" where 43K-45K might be the LH before the second leg down.
INDEX:BTCUSD
by rafblz
4
Ethereum it's confirmed; it's bullish once again more!!!At the moment, Ehereum it's moving into this bullish channel that we formed in H4 timeframe. Waoh, so, as I cancelled so wrong my long position becuase as we see in the chart that Ethereum make descense of the price. Right now we have a great opportunity to bought Ethereum at $1,307 dollar. That it' my buy order limit. At the moment, I put again my buy order limit at $1,307 USD toward the $2,000 dollars. So, in general the trend it's extremely bullish And looking the Daily chart, it's show theat Ethereum it's bullish in medium term that we can to go to the way of $2,000 dollars So, I follow more the Daily chart based in the technical analysis in macrotrend toward my goal. Good luck in this position Guys, if you like my trades, please share this analysis with your friends, traders or anything that need help of the cryptos trades operation. And tomorrow, I will going check out the Ethereum and Bitcoin dominance to know f we have any altseason soon. And i will going to talk about more of Chainlink becuase I thinking to bought just 100 coins of Chainlink approximately to hold in the next bull rally and how Chainlink it's goes to earn good profits in this investment, and also, I will going to talk about in Cardano becuase I thinking to accumulate more Cardano
COINBASE:ETHUSDLong
by harisonhbn9718
7
Bitcoin Macro Trend Analysis (from 9/27/15 to 11/23/20)Looking at Basic Trends using All / Weekly for All Time Trends using Log Scale Support Trend Line from 9/27/15 to 11/23/20 $20 k Resistance Support Retracements at $6.7 k, $10 k, and $13.3 k Support Retracements at ~33%, and ~50%, and ~66% from $20 k respectively Support Trend Lines showing repeated vertical action with RSI @ ~85% at critical peaks Speed Lines set to 33%, 50%, and 66% scaled by using the major trend line Repeated attempts to hit previous ATH of $20 k with approximately less than one third of the previous vertical distance to cover Dotted trend lines showing identical angles which vary depending on log scale (approx 64 degrees at this scale) Bitcoin showing its gradual trend to revisit its ATH while showing a strong trend at a macro scale Eventual continual retests back to the trend line should inspire confidence over time
COINBASE:BTCUSD
by fiatdaemon