Blackbirdtrading
USDJPY got bearishHello Birdies,
From our technical perspective the price of USDJPY got bearish.
The zones are marked giving you clue from where we can long this pair and also the big monthly zone at top will push it down further.
Analysis
- Monthly bearish impulse
- Weekly BOS
- Daily into demand zone
Action
- We can go down further to the marking of Monthly Strong Low (M.SL)
- Only go into pullback when you see sign of bullishness on LTF.
Note
The entry is not optimized it will be once we see the price in monthly zone.
ADAUSDT scalp meHello Birdies,
Here is a scalp trade ADA has made a range and it need liquidity.
Listen carefully, if this trade go against you take the opposite trade. But that chance is slim.
Everything is on chart trade accordingly and trade safe.
BTCUSDT what I see...Hello Birdies,
Lets do a bird view of the BitCOIN.
Terms:
W = Weekly
R = Resistance
S = Support
LS = Left Shoulder
BO = Breakout
The price is rejecting at weekly resistance. If not converted to support or have a breakout, we are not going anywhere.
For now, the price is above both left shoulder. Anything below 69,000 give bears a chance to move the price slider below 60, 000.
Which in return open ways for price to retest every breakout which are untested so far.
Means means we can fall upto 9, 000.
Dont hate me this is what I see....
ETHUSDT what I see...Hello Birdies,
Lets do a bird view of the ETH.
Terms:
W = Weekly
R = Resistance
S = Support
LS = Left Shoulder
ETH is currently battling with a weekly resistance and a left shoulder formed in August 2021. Another intriguing point is the support being backed up by a secondary, smaller left shoulder.
However, the price is at risk of falling beneath another weekly resistance if it closes below this level, potentially giving the BEARS an opportunity to push the price under $3500.
Oh, and if we breach below, expect the lows marked by the two left shoulders around $888 to be tested.
The next solid support beyond $888 stands at $590.
Future direction? It's a waiting game. Neutral stance maintained until a breakthrough above $4100, turning bearish if we dip below $3500.
WAVES OMG!!!Hello Birdies,
Waves presenting a hug opportunity for long.
- Price is squeezing in an ascending triangle.
- Either price fall fakeout till 2.6-2.8 and than pump
- Or wait for a breakout from the range and enter on any retracement
LINK Can be a good short and longHello Birdies,
Found another interesting play on link. It can go either way
Steps
We already have an internal BOS price can move up from here and than go short.
Our Fib Chart showing support right now. Extreme for that move is at 23.46
Rest of the chart is pretty simple
wait for BOS and retracement and than go
BTC scalp short setupHello Birdies,
Here is a scalp trade.
Steps
wait for price to breakdown 71.5k
wait till it create low
after pull back enter where you find it near the price given on chart
One more thing pay attention to H1 to see if we hold above $71.5k or drop back below.. If we continue up, next target to watch is around $74k
BTC local topHello Birdies,
As per my chart this should mark the local top for BTC and we should visit our breakout area which is around 42360.
The Horizontal line above is the left shoulder of the double top of the BTC and its fib channel 78% too we have some level of confluence there. Let see how it gonna react.
Thanks
BTC What I see?Hello Birdies
I am a very simple trader I dont like things complicated with things such as fractals, patterns, history blah blah blah..
So this is what I am seeing on the BTC right we are under the resistance of the trendline on which BTC has travelled from 2013 to 2023.
The max run for retest I am seeing is 43k-44k unless we broke the trednline and make support on it again that is where I will start chanting bull run has started.
Trade healthy and stay safe.
DXY at crucial pointHello Birdies,
DXY was in range since 2014 and in doing so create a bullish rectangle pattern.
Which had a breakout in April 2022 now we are about to have a retest of the pattern.
If this is a success and we get a bounce from here it means bearish for indices and crypto.
Now if we see it from smart money concept we see that.
There is a monthly and weekly block above untested
And DXY also created an Inducement which is a term used by ICT to mention that there is a FVG above which will be taken
Means price will revet back to take liquidity so this gives strength to retest
XRPUSDT we are not going anywhere soonHello birdies,
XRP has too much media attention these days are we really going anywhere. I dont think we are in short term.
PO3 is in play and
XRP already had bullish PO3 expansion
Now its making a bearish PO3 and there is too much liquidity sitting around the area.
NVDA Topped OutHello Birdies,
The stock marketer biggest mover who has the responsibility to keep the market up is topped out. Since June it is in distribution phase.
The price is at 1.618 fib level and also taking resistance at fib circle.
Once it broke down from yellow line thats the start of bearish trend.
The targets are on the line which were converted into support its time to retest and confirm them as support.
BTC monthly overviewHello Birdies,
This is the monthly overview of BTC.
Key Points:
- There is an inducement mean price should move there
- Price is above the previously rejected zone and also above a key level rejection which next month can turn into support and will give us new profit levels.
- If price close below all these level after grabbing liquidity we are still in bearish mode.