BTC 'W' Pattern Neckline!Good morning!
I started this morning by looking at this W pattern which formed on the smaller BTC time frames, and is sitting right at the neckline right now!
Watch the video to see what my targets for the inmediate short-term BTC price are!
Oh here's my face btw :)
I hope you enjoy it!
Happy trading!
4h
UNI-4h UNIUSDT BUY SIgnal!!!!!
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
target: 21.5
risk is justified
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BTC 4h falling wedgeBTC 4h printed bullish div on MACD, RSI and Stochastic RSI. Moving higher but coming to resistance.
Some increased bullish volume would be good to see here.
I am not looking to go into any large long trades until we either break up from this falling wedge. If we break below I will potentially open some small short positions.
UK100 BREAKTHROUGH AND RETEST THE RESISTANCEThe FTSE 100 index is well placed to extend its recent run higher ahead of the Bank of England’s decision on UK interest rates next Thursday. Once seen as almost certain, a rate hike has become less likely because of the spread of the coronavirus Omicron variant.
That’s positive for UK stocks even though the Government has already responded by tightening the pandemic rules in England. Masks will now have to be worn in most indoor public places and employees have been told to work from home if they can.
The UK FTSE 100 index traded lower on Monday and touch and retest the broken resistance line from December 6th of the downtrend formed from drawn from the high of November 12th. That said, the slide was paused near the 7220.00 level, still above the prior downside resistance line. As long as the index is trading and stopped on that level and in combination with that the traders sentiment is net long, it would be interesting to see how the price will react in the following days.
In order to start examining whether the outlook has darkened further, the experts would like to see a clear dip below 7180.00, support marked by the inside swing, and 61.8Fibo correction. The price will already be below the aforementioned downside line and the bears may get encouraged to push the action towards. If they are not willing to stop there, then we could see them pushing towards the low around 7115.00 or lower to 38.2Fibo correction around 7050.00 or lower to the strong support and psychological level around 7000.00.
On the upside, the experts would like to see a clear rebound back from the current levels before start examining whether the bulls have gained full control again. This will take the index above the upside line and could aim for the 7370.00 or 7397.00 zones. Another break, above 7397, could see scope for extensions towards the peak of February 21st, 2020, at around 7460.
Looking at our oscillator indicators we have to notice that MACD and RSI are very close to the oversold zone but also noted big short volume bars at the end of the year.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
GBP USD Deep TA Part 3/4 - 4HGBP USD TA part 3 from the 4 parts. Overview of 4H chart and establishing key S/R levels. Also , we are stepping back a few steps and overviewing whole trend picture and direction . A Clasical trend down collecting pips within channel down. We’ve got general picture over here now and we are heading to the final part 4 for the further TA.
Can you see bouncing back from the key S/R levels? In the past same levels played as key levels for reverse of trend . Channel down? Share your TA, thoughts , likes as well please!
BTC LongAccording to the chart, it is clearly evident that a triangle has been formed since Dec 4th, 2021. With having a glance at the breakout level at the price of 49620, due to lacking of volume trading, there is no sure and certainty among traders to make the market bullish again. However, a true breakout in RSI 14 is seen and also the pullback has been successfully completed. Being patient is the best strategy while no enough data is provided to invest or trade.
BTC 4h Symmetrical Triangle IdeaHere is another Idea to think about. A Symmetrical triangle, bearish continuation pattern in the this case.
Another very common breakout triangle pattern, happens less often than falling wedges.
Just an idea to have some fun. Don't use ideas to trade, just use them to open your mind to the possibility of it happening. The more scenarios you can prepare for the more successfully you can trade the chart.
BTC 4h Falling Wedge ?I drew a potential falling wedge idea, just a speculation, but a very common pattern and it often happens when we are up against a downward sloping resistance trendline.
Falling wedges have a 68% chance they break to the upside, it would mean the odds are in our favor on the 4h.
Idea could be invalidated at anytime.
EURUSD: Where to next? Two likely scenarios in playCurrently EURUSD is likely to form and complete the inverse head and shoulders pattern. shall the pattern complete and the neckline break, we can expect the price to rise towards the next resistance. However the rally should be short lived, as the acceleration towards the 1.11700 should resume. The current probable inverse head and shoulders is likely just a consolidation up move.
On the other side, shall the pattern fail to complete, the ascending trendline break would likely come in play. shall this trendline break, we can expect the price to aim lower towards the next support. Refer to the main chart for a clear picture.
EGLD/USDT - 4H - Potential channel breakout and bull flagEGLD might be looking ready to move on the 4H. Fib Trend Time indicator also showing this.
White channel (flag) measured move taps the 0.5fib extension area.
Should price break down, red arrow measured move points to potential DCA or SL range. Lowers still; red arrow taps the monthly blue CPR range.
Yellow arrow (pole) measured move taps the 100% fib extension area. Will reduce position at the 618 and 786 fib ranges also.
Bit scared of BTC right no6w, so who knows what ELGD and others will do, but let's see...
update idea !!!we can update last analysis by this analyse.
support line extended and in this analysis use normal chart (non logarithmic).
2 rule can set. if break resistance line and pullback we can long on it and if resistance line worked the 5 wave confirmed and after break support line we can use short.
see macd and rsi resistance line !!!!!! can create a new bearish divergence.
%%%%%In the previous analysis you could get at least 7% in short.%%%%%%
wait for chart .
EUR/GBP IN A SEDEWAYS AND ON 23.6 FIBONACCI EUR/GBP has been trading in a sideways manner since November 17th, between the 0.8380 and 0.8430 barriers on a 4-hours chart. However, bearing in mind the fundamentals and that the prevailing longer-term path has been to the downside, we would see more chances for the rate to exit the range to the downside rather than to the upside.
An apparent dip below 0.8380 would confirm a forthcoming lower low and may see scope for declines towards the low of February 25th, 2020, at around 0.8335. If that level cannot stop the fall, we could experience extensions towards the 0.8294 zone, which prevented the rate from falling lower back on December 12th and 13th, 2019, as well as between February 13th and 18th, 2020.
On the upside, the traders would like to see a break above the upper bound of the aforementioned range and 23.6 Fibo level before examining whether the bulls have gained the upper hand. This could result in advances towards the inside swing low of November 15th, at 0.8462 and 38.2 Fibo, the break of which could target the high of 50.0 Fibo level around 0.8483 or go higher to 61.8 level around 0.8513.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
Possible Cypher Pattern Completion OANDA:AUDJPY
A possible bearish Cypher Pattern in the process of completion on the 4h AUDJPY chart.
Waiting for the validation of the D-leg Completion and we'll be good to go.
X = 84.164
A = 82.685
B = 83.360
C = 82.160
D = Pending Validation
Sell Limit will be placed at D
We're thinking & planning ahead of the price action.
Check it out!