$FIL: Previous pump still to be reclaimedA lot of things have pumped in the last few days and have reclaimed their ATH from last couple weeks pumps. We're in a bull market. I'm looking for setups like this.
Technically I'm just looking at the daily chart with some fib MA's, we can see the 55ma acted as really good support on this nice correction. Once the 8 period MA rises above the green 13 day? I'd look for long positions with a minimum TP of previous all time high.
ATH
Risk appetite in the markets? Checking the $XLY / $XLP quotientI have this quotient in my watchlist to monitor the risk appetite of the market. The AMEX:XLY ETF (Consumer Discretionary) is a good indicator of high risk appetite because its holdings are more focus on growth therefore are more volatile. And the AMEX:XLP ETF (Consumer Staples) is more focus in value stocks, therefore less volatile.
AMEX:XLY with holdings like NASDAQ:AMZN , NASDAQ:TSLA and NYSE:MCD . And AMEX:XLP with holdings like NYSE:KO , NASDAQ:PEP and NASDAQ:COST .
Right now the quotinet XLY/XLP is near a breakout off a base to make an all time high, while its 20 day moving average is croosing the 50 moving average. This are good news to this bull market.
BTC ROI from ATHHere is an interesting indicator I whipped up tonight. Calculating ROI based on when BTC broke its previous ATH. There was a similar dip around this time on both previous cycles. From this indicator you can clearly see just how parabolic we can get in the future. It's also interesting to note that the peak of the previous bull run touched the pull back of the run before that. So, if we run those same numbers we get around 930%-1100% ROI above our bull market start date of Dec 16, 2020. This puts us right around $200-250k for the peak of this run. It also shows a similar peak date within 15-20 days of each other. I am going to be keeping my eyes on this indicator as we continue this bull run.
BTC 128 daily MAIn the 2017 bull run we saw BTC bounce off the 128 daily moving average 4 times.
This would be the first time we see this same thing happening in the current bull market.
During the rise to the current ATH we have been in a bullish divergence, which has ended and the market can breath in fresh new money on the way to new ATHs.
1INCH/USDT Big Breakout to new Highs with a 80% Move 1Inch USDT pair has been ranging within a Ascending Triangle
and consolidating since printing its previous ATH .
We have a measured move of 80 percent as you
can see within the chart .
There are 2 ways you can trade this, you can either fill longs in the area
I have highlighted and use a SL managing your own account percentage risk
or WAIT for the resistance to be broken with
a candle close outside of the resistance and then Long.
This move will take us too the 1.618 fib Extension for some handsome returns .
* PLS note however that its important to monitor how BTC is trading before taking trades in ALTS
as these setups can have there setbacks depending on BTC movements .
Like and Follow its only a Button .. click it and make my day for more setups
Bitcoin Price Analysis April 2021, 4Hr CandleAnalysis of Bitcoin prices from the beginning of 2021 using 4 Hr candles.
The triple bottom after each All Time High (ATH) price point is apparent. It looks like we will hit a bottom of 49k to 50k before another upswing.
For a more detailed analysis please visit my site: www.booyahtraders.com
DOW is ready a brand new ATH 🦐DOW on the 4h chart is moving near to the at, after that last retracement the market tested a previous support.
According to Plancton's strategy if the price will break above and the conditions will be satisfied we can set a nice long order.
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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.
BNB PERPBroke out of descending channel - Retested the top but created a bearish divergence on 4h RSI so expecting a rejection which is currently underway.
Looking for entries at either of the support levels - $500 would be a great entry.
Some accumulation could be in order at either level before a big push, I'm looking for that $1000 BNB in the near future, especially with the burn coming up.
ETH Long setupLets talk about BINANCE:ETHUSDT
We are still bullish and the dump price it's just a sale for us!
all we nee to do is Hodl and buy more if you can :)
Levels that may be checked again before new ATH is 1900
ETH easy may go to that level and rise up to 3000$ marathon soon
Im at long positions for 3-4 weeks from now
let's see
The BNB will attack the new ATH very soon!!! This is our setup.Here you can see a sample of how we trade.
This is our active BNB / USDT trade.
We can see the perfect confluence where the TL was broken right at the level of Fibo 0.618.
We expect further growth, probably on the new ATH.
We're chilling out and going to enjoy the weekend now.
Altcoin session is comming !!Hello friends
Happy weekend! Good mood and profitable deals !
History repeats itself ?
When BTC ended its rally in Dec 2018, altcoins hollowed out a week later for the unbelievable move and kicked for 28 days !
If you liked my idea push the like button ,follow me or commend !!
No trading advice
Dyor and trade save !!
#DOT, #Polkadot Breakout?A quick look at #Polkadot (#DOTUSDT, #Binance, 4HR):
Price broke the upper resistance of the pennant pattern earlier today, April 17, hitting its ATH at $48.36.
Since then, the 1HR chart shows what to me seems to be a confirmation. I opened a position at $44.63.
If DOT manages to flip R1 into support, we can try to reach TP1. If it does not hold, price might go back down to S1 or to the EMA200/S2.
If you want to read more about Polkadot on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!
#LINK, #ChainLink and the Double-Top.A quick look at #ChainLink (LINKUSDT, 4HR, Binance):
Price broke and retested the upper resistance of the pennant pattern on March 31, and the following wedge on April 13.
LINK then managed to break TP1 (Woo-hoo!) and run up to $44.40 (ATH), short of TP2, where it was rejected.
With the double-top, price is taking a break and should likely find support at S2, where it could resume its run up. If S2 does not hold, S3.
Since we are still in an uptrend, this could be a good break to restock some LINKs! :)
If you want to read more about ChainLink on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!