Bitcoin price compressionHi Guys.
Im in 1H timeframe and i think BTC price compressed between two line i drawn on my chart.
Also we can see a weak Divergence between RSI and Price action too.
This will lead the price to the lower line and despite there is a strong support line there , in 24000
the price will bouce back and go approch upper line.
So we can take 2 trades here:
1- Now with SL upper than latest minor peak
2- after reaching lower line and the bounce verified.
The price action around 24000 was very strong because you see two long shadowed candle in this area historically.
After this price compression ends , we shuold analysis again to see what will happen.
But in some extent , I think we break this Triangle upward and go toward 26000 target.
Hope you enjoy , thats just my idea NOT a trading Advice.
Trade on your own strategy but take ideas from others.
THANK YOU ALL
Bounceup
EURCAD I Buy from support 100 pips!Welcome back! Let me know your thoughts in the comments!
**EURCAD Analysis - Listen to video!
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TSLA: This is a CRITICAL KEY POINT!• TSLA did a good reaction above our support at $155, which we mentioned in our previous analysis – The link to my previous public analysis here on Tradingview is below this post, as usual;
• This could be a bottom sign, at least in the short-term, but the problem is that the trend is still bearish in the 1h chart, and it couldn’t even break the 21 ema this morning;
• In order for TSLA bounce again to higher levels, it has to break this 21 ema, and preferably, close above $161;
• In this scenario, TSLA would seek the next resistance in the daily chart, the $166, and if it breaks it, the 21 ema is the next stop;
• However, this would be just a bounce. As long as TSLA remains under the 21 ema in the daily chart, the trend will remain bearish, without the perspective of a bullish reversal;
• In order to seek lower levels, TSLA has to lose the support at $155. In this scenario, the next technical support is at $126;
• TSLA is in a critical key point right now, as the way it will react around here could reverse the bear trend – or make it drop even more sharply. Either way, the next movement will be interesting;
• I’ll keep you updated on this.
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BTC: BOUNCE INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC once again goes below the $16k level and everyone is extremely bearish at this point in time. Everyone is waiting for $12k-$14k from here but I don't think it is coming so soon. Maybe a short squeeze first from here to liquidate all the late shorts.
According to the chart, BTC has a good support range of $15.7k-$16.1k level and forms a triple bottom type structure. I'm expecting a bounce from here up to the $18k level.
Invalidation:- Candle close below $15.5k
What do you think here? Do you also think we can get a bounce from here or do you think that it is going straight down from here?
Share your views in the comment section.
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USDT DOMINANCE BOUNCING FROM SUPPORT! BEARISH FOR CRYPTO MARKET!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update. As I told you in my previous USDT Dominance update that we have a very strong support at 7.0-7.2 level and it is exactly bouncing from this level.
USDT Dominance is already breaks out from the symmetrical triangle and this move to the downside is just a retest. After this successful retest we can expect a good bounce in USDT Dominance which is very bad for BTC and Alts.
For a bullish scenario it has to breaks below the triangle. Any 4hr candle close below 7.0 level will start a bullish rally in BTC and Alts. So keep a close eye on this and take trade accordingly.
What do you think about this?
Do you think it will continue bouncing from here or do you think that it will break below the support this time and we see a bullish rally in the market?
Share your views in the comment section.
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GBPUSD Don't BUY too Soon! STRONG Rise Coming.Welcome back! Here's an analysis of this pair!
**GBPUSD - Listen to video!
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Brian & Kenya Horton, BK Forex Academy
USDCHF I Approaching Demand Buy Zone!Welcome back! Here's an analysis of this pair!
**USDCHF - Listen to video!
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EURUSD Watch for Bounce from Demand AreaWelcome back! Here's an analysis of this pair!
**EURUSD - 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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NZDUSD Headed to Test Strong Structure SupportWelcome back! Here's an analysis of this pair!
**NZDUSD - 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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Relief Rally!!If the daily closes in green, we might see a relief rally to the upside which I mentioned earlier. Target points are mentioned.
Please let me know if you disagree, remember the market doesn't owe anything to us. We all are playing the probability using TA and history.
...keep an eye on, and be safe!
SONY LONG SETUPWe're expecting the price to bounce back. Right now, on daily timeframe we can see it is lower than Keltner Channel's bottom and that RSI just entered in the overbought zone and that means the price could start to rise again soon. If today's entry level won't be hit we will simply move entry price (pink) SL (red) and TP (green) to a lower level.
Failed Quasimodo with possible PMG entryI've recently watched a video about the PMG entry from @SaraStratSniper and I figured this is a perfect moment on XAUUSDT to enter such a trade. Let's break previous highs and accelerate to the upside. We also have confluence with the longer term trend line and a failed quasimodo pattern. The quasimodo pattern gives me insight in the possibility of a large amount of traders sitting in Short positions. Once we move past these previous candle highs they will start to panic or stop loss will get hit. This will create a big move up for gold. I would call this a high probability trade setup.
BTC $31k 70% chance A repeated test line could play out here. down to 31300-3100 a 70% chance IMO, and then a bounce. Why? Because Vol is low, we are not flat we are watching exhausted bulls lay down to rest. 3100 is critical support and the longer and lower we go, the faster we will rise. US inflation, Russia, and China are all helping keeping this down. Time after time we seen lost support and almost every chart busted, even in chat the most conmen quote is "what's going on? and WTF. I think we need to tread softly here and wait. This is going to go down more for sure IMO, I do believe 30k to 32k is where support will be found, if not, then 10k and a bad month of March with an explosive April but only if BTC falls lower than 30k. When ever Rockets do load for the moon, it's going to be extremely fast with pit stops at 40k and topping at 60k to 70k The bulls are mad and waiting for revenge. Seat belts are mandatory, popcorn is recommended. GL all.
TWOU - gapfillMight possibly have a bounce to fill the gap.
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NQ1! -As we can see the market-tested more than twice the resistance and the VWAP which means that the market is preparing for a bullish trend, also we see that a huge volume comes up (in green) compared to the other ones of this day that confirm this idea
- also we can see a significant wick touching the vwap and having a pullback on it
Therefore we should Buy NQ! now