Short Term Sell, then short term buyHello guys,
This is what I see happening with XRP right now. Anything can happen and we will adapt to what the market is telling us.
The first white rectangle is our first buy zone. Price can come down and bounce around .1856 --- It can, however, come down to the second rectangle and create that double bottom. To move to the upside targeting the top of the pattern and potentially to a higher zone.
We will watch how the market reacts. Pattern identification and price action are key in these zones.
4hr
BTC flipped the 200EMA back to bullish - Was this a bear trap?Due to alts humming and breaking massive gains by throwing darts at a board we can see that we may have actually be in a bear trap.
BTC 4he 200ema flipped and now a hammer is forming off resistance/ 200EMA.
This could get back to 9000-9100 and higher if we gain momentum and some of that alt gain money flows back into BTC.
Trade, Chart, Learn, Repeat,
Coach K
@coachkcrypto
BTC USd 4hr4hr
- the bearish chart traits
B is Similar Structure to A
4hr TD sequential 9 and potential 9
ema 22 flattening out again
ma 50 curling slightly down again
macd traveling towards bearish
- the bullish case
ema 22 is acting as support
ma 100 could act as support
around 9125
4HR TD sequential is trying to price flip.
stoch is trying to cross bullish
watch for candle close on 4hr.
AUDJPY SUPPLY SHORTThis SUPPLY ZONE on the 4 hour chart of the AUDJPY looks like it has potential. It broke below the previous low suggesting an intention to go down. Price already entered but I don't believe it is finished with the zone yet. With the pair ranging similarly to the many other Yen currency pairs, I believe that this is a setup worth look at for a shorting opportunity.
Support and resistance analysis on GBP/USD 4HR.I used support and resistance on the 4HR timeframe to see where price could go next. My analysis shows that it may be bullish if it does bounce off of the support trend line. Plus I will be waiting for confirmation before I enter the trade. Let me know what you guys think.
GBPUSD sell idea ***GOOD RISK TO REWARD RATIO***We find GBPUSD in a 4 hourly bearish channel.
Following an exhaustion to the up side, we will be looking to jump onto sells as we see upward momentum being lost on the 1h timeframe.
Sells will be entered upon retest and denial of the 38.2% fib level as shown, where we could see a big push downwards to the 1.22270 price level.
We find this to be a high probability trade, with a RR of 3.95 and is very well worth entering.
Remember to trade responsibly and with appropriate risk management.
Happy trading!