Patternsmart

Patternsmart

BITSTAMP:BTCUSD From this weekly chart we can see that the current uptrend is only start for 2 bars(2 weeks), and the average uptrend based on the history datamining info is 17 bars(weeks). The possibility of continue in up trend is very high.

Patternsmart

The Bank of Canada has increased its target for the overnight rate to 4.75%, this is the first rate hike since the tightening policy was paused in January, and also reaching the highest level in 22 years. Global inflation rates are dropping due to lower energy prices, but underlying inflation remains high. The bank states the labor market remains tight as new...

Patternsmart

Microsoft (MSFT.US), which ranks second in market capitalization in the U.S. stock market, will announce the results for the third quarter of fiscal year 2023 on April 25, EST after the U.S. stock market. Analysts generally expect Microsoft's Q3 revenue to be about $51.1 billion (up about 4% year-over-year), and GAAP earnings per share to be about $2.24, compared...

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Tesla will release its results for the first quarter of 2023 after market close on April 19, EST. Investors are keen to identify the key areas of focus and potential investment value. In the short term, it's crucial to consider factors such as vehicle sales, pricing, and upstream raw material expenses in order to evaluate overall revenue and profitability....

Patternsmart

Tesla ($TSLA) has been on an upward trend since late January. However, the stock has recently experienced a price pullback, retracing to a critical support level that coincides with the established trendline This convergence suggests a possible area for the current trend to continue. It is also important to mention that the price has formed a reversal candlestick...

Patternsmart

Data show that the February Producer Price Index ($PPI) increased by 4.6% yearly, falling short of the expected 5.4%. Furthermore, the New York Fed's Manufacturing Index for March came in at -24.6, far worse than the expected -8 and prior -5.8. February's retail sales figures highlight the impact of inflation on consumer spending. Sales fell in nine of the...

Patternsmart

BITSTAMP:BTCUSD On March 9, 2023, Bitcoin underwent a significant downturn, resulting in a substantial drop in its price to a low of 20210. The downtrend has continued. At the time of writing on March 10, Bitcoin is trading at 19947, falling below $20,000 for the first time since mid-January. Market volatility has been on the rise due to regulatory...

Patternsmart

Based on the 4 hour swing high low level with both strength input of 8, the resistance is at 7468 and the support is at 6609, a new price target around +/- 400 is expected with the broken of either resistance or support level.

Patternsmart

The daily chart of the BTCUSD is almost hit the fibo fan level of 80.9%, there could be a retracement.

Patternsmart

This Support level was the Resistance level formed last year, the price may not be able to break through this level in the first attempt.

Patternsmart

We can use different strength for support and resistance levels. Such as Support level from lower strength and Resistance level from higher strength. Where or when were the current supply & demand zones formed? You may track back to 10 months ago

Patternsmart

It seems to work after a lot tests. Will make some adjustments in the next few days and publish it on my site.

Patternsmart

Just a test of a new indicator, it really gives better results than other bands. The support and resistance are better than I expected.

Patternsmart

Fall to previous swing low

Patternsmart

A typical Rising Four Methods pattern, the current bar is supported by previous swing high.

Patternsmart

Failed to break through the resistance formed by last swing high

Patternsmart

The daily chart is still within the support&resistance channel formed by previous swing high low. The weekly chart is supported by the support formed by previous swing high.

Patternsmart

Using 2 different swing high low pivot to determine support and resistance.