Textbook Double Bottom If we're going to reverse this trend in the short term, I'd wager that this double bottom is a good potential spot for it to happen, and it might take us to the heavy resistance zone in the low 23k range. This is just a short term idea for the next 12-24 hours or so, not a prediction of an overall trend reversal to the upside, I think a revisit ~$18k is easily possible... But it's a tricky market to read right now, it's very split. I like simple ideas in times like these.
Bounce
🤖 #BTCLIVE - 22.08 - #IDEA 🤖🤖 #BTCLIVE - 22.08 - #IDEA 🤖
Snapshot:
I honestly feel we are now in the last phase of this bear movement, with "Fixed HODL'd BTC" increasing again I don't think there are much big pots left or wanting to be sold.
General outlook we will descend and consolidate slowly down from retail traders completely giving up hope now and smart money is in 100% bull mode looking to buy at any opportunity below $20k. This is starting to sync nicely with the DXY coming to a natural point of rejection (That itself narrowly dodged an incredibly bearish breakdown. I believe we are looking at about $18.5k as the possible floor now.
daily trend change back to bear likely bounce seems imminenti think its obvious that the daily trend has changed back to bearish, and the levels ive marked out, upper if we atay over pivot and lower if we remain beneath, are key support and reaistance that remain. i think we ahould revisit TRAMA and SSS levels but not outgain the QQE short entry. fibo time zone 5 is over, and the correction b wave should play outover to 8. rising and falling trendlines are long term resistance and support.
SHIB - Woof-Woof! Bounce from trendlineReasons to take long:
⭐️ BTC 70 ATR
⭐️ Big volume at bottom
⭐️ Trendline is clearly seen on daily timeframe
⭐️ Impulsive movement
⭐️ 105 ATR
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
Nice spot for a bounce on crypto marketThe crypto market has been in consolidation mode for a month since the big break down of mid june. Price perfectly held the retest of 2017's ATH.
Now the whole crypto market broke up this consolidation and is currently retesting it.
If you think the bottom is in and you would like to be long on this market, it's currently a nice area to enter position.
Keep it simple, use horizontals.
Thanks !
SOL bounce from strong zone🥊Reasons to take long:
⭐️ BTC has fallen too sharply
⭐️ Retesting strong zone
⭐️ Impulse is too sharp
⭐️ Pinbars are present
⭐️ Only 1st approach
Idea will be invalidated if we see further range in this zone for a couple hours
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
AUDCHF I Swing Downwards 70+ pips Welcome back! Here's an analysis of this pair!
**AUDCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDJPY Potential Buy from Support Welcome back! Here's an analysis of this pair!
**AUDJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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VITAL AUDUSD LEVELPair: AUDUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, pennant pattern, resistance
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Key Takeaway: Need to see break or bounce of this key level
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Level needed: Need to see price hit 0.0.69500
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Trade: neutral
RISK:REWARD : —
SL: —
TP: —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BTC: LAST HOPE FOR BULLS!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC is continuously dropping after the rejection from the $22.5k resistance level. It is forming a bear flag in a 12hr time frame and currently hovering near the lower trendline of the flag. As long as BTC stays above this lower trendline ($19k) we can expect a bounce from here.
If in any case, it breaks down from this bear flag (Break below $19k) then be ready for another low.
Support:- $19k
Resistance:- $22.5k
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FB potential bounce playHey all,
I've gone back on FB's chart and highlighted a point similar to where I believe we currently are. I think and hope we pull back into the end of the week; from that point, I am looking to likely buy dips in anticipation of a bounce. I think the bounce conservatively takes us up to the high 180's. Best of luck all
NVDA Updated ForecastHey all,
I've been making plenty of posts lately about possible bounce plays into the end of July, one of which was NVDA; noticeably to me, NVDA is the only name that hasn't held up well since I've made said posts. Looking back at NVDA's chart, I'm still very confident it has a strong bounce into the end of July-especially considering market conditions, NVDA's oversold state into a strong support zone, and its history of strong bounces ahead of future legs down. HOWEVER, I'm no longer confident it sees the low 210's anytime soon as I previously predicted; my conservative, revised price target would be the low-180's. Should NVDA see the low 210's in July/August, I still believe it would be a generational shorting opportunity.
Note- though I do own some NVDA at a cost basis of 153.61/share in anticipation of a bounce, I am trying my best to provide objective advice to help you all navigate the markets
Possible pullback into larger bounceHello all,
I'm currently watching SQ as a swing long on a potential pullback into the end of the week to benefit from a potential market bounce that I've been anticipating into the end of July; I think we are repeating patterns across the board that we made in the lead-up to the march fakeout Rally- made a rectangle around where I suspect we are in said lead-up. Not everything will be 1 for 1, of course, but my convictions through July are that we go higher before the market eventually makes the next leg lower. Best of luck all!
guessing a gap down will be for buyinga gap down in the nasdaq makes the most sense to me at this point, and i would guess that if we buy that up and defend the $23- high $22s we sould revisit TRAMA and get VWMA to change directions targeting high $23s - low $24s which is also around the .618 of the daily bounce retracement