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Trendlinetest

Is 240k BTC a Crazy Idea? Maybe not...Corrections both lasted almost a perfect year. People are beginning to accept the 4 year cycle based on the halvening. 3 years of bullish action, 1 year of bearish correction. If the top trend line remains valid into the next bull run, there is a case for a 240k coin. This would land the price action somewhere between the 2.618 and 3.618 fib extension. This would also give us another touch on the top trend line. Send it. Am I crazy? You decide, in the comments of course. Not financial advice. Novice trader here. Do your own DD! Comment and let me know how bad this idea is!
COINBASE:BTCUSDLong
by BallsOfSteel32
11
BERGERPAINTS TRENDLINE BREAKOUT!!!!The price following descending trendline resistance from a very long time. Whenever the price reaches near the trendline price taking resistance and slopes down. Now finally price breaks the trendline and closes above the trendline with good breakout candle. The level of 550 is strong support for the price . Candle closes above the breakout level of 575 and holding itself at the higher levels. price showing good momentum for swing reversal . After the breakout possible targets are 615--633 & 650. BERGERPAINTS📊 👉🏻Range + Trendline Breakout 👉🏻Support 572 & 548 👉🏻Add for swing reversal 👉🏻Target possible 615/633/650+
NSE:BERGEPAINTLong
by Jha_Nidhi
SPX - Could be still whipping in a wide rangeAt the start of February, SPX saw a number of "affirmations" that the uptrend was underway: 1. broke up and continued to trade above it's longer term trendline resistence 2. traded above its 200 day MA since 24th Jan 3. followed by a Golden Cross on 1st Feb However the month of February began to see momentum evaporate as the index began to pullback below it's 20, then 50 days MA and finally stopped short at its 200 day moving average. There are now a confluence of immediate "supports" coming up between 3920 to 3949, namely: 1. the 200day MA @ 3940 2. the long term trendline resistence that could have turned support 3. 38.2% fib retracement of the big AB upswing that began from Oct's low @ 3920 4. which is also the 61.8% fib retracement of the more recent BC swing Therefore we need to see some rebound this week if the this pullback is just a breakup and retest of major prior resistences or something more bearish (which mean breaking below 3920). A look on it's monthly chart showed that SPX had been mostly whipsawing within a wide sideway range of between 3585 to 4150 for the past 9-10 months and it is possible we could have more of that (think "STAGFLATION"). Hence unless we see some rebound this week or it could likely be a short term trader's arena right now (ie high volatility, short term swing ups and downs). Can only wait and see. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
Whats next for SPY? This is a trendline I am watching going into the weekend on $SPY The fact we did not test the bottom trendline before retesting the upper, suggest the next leg down will be more aggressive than the previous bear sessions. Also, based on previous bear sessions, we head down -17.50 after rejection within a 50 day window. If we use the same price action, we can anticipate SPY to be at AROUND $330 by New Years. (Assuming it is not more aggressive. But I believe the next leg down will be)
AMEX:SPYShort
by Pavley
2
DXY reversal? Positive signs for the marketDXY is touching the top of a multi-year parallel channel on the monthly chart, whilst also displaying bearish divergence on the RSI. This, to me, signifies at least a small reversal over the next couple of months. This should be buillish for stocks and crypto, which are all reaching significant levels of support at the same time. There is a lot of fear in the market, and blood on the streets (at least in crypto), so I am buying in here for a swing trade. BTC: SPY: QQQ:
TVC:DXYShort
by SlumberJack92
#EUR/CHF Analysis#EUR/CHF Analysis The Price has been in Ascending Triangle Pattern for some time now. The Bulls are strong on this pair. We have price going up to meet the 2-Year Descending Trendline and the Tested Resistance at 1.0800 . So We have two types of resistance at this point. Trend-line Resistance and Horizontal Resistance. The question is: will the Buyers be able to break both resistances?? There must be strong momentum and enough strength to do this. Maybe a news event or economic report may be enough to trigger a breakout? Trade Idea: Waiting for a clear breakout above the 1.0800 level up to 1.0850, then wait for price to come down to retest the broken resistance. If the Breakout is real, the broken support will turn to a strong Support. This is the safest way to do this. The volatility in this pair is very high. so please be careful. You can add this pair to your watch list.
Long
by Benettel