Dont think there is enough demand to push out of this downtrendLooks like this 8 day uptrend is about to deteriorate depending on what #BTC does
Breakdown
#BTC: CONSOLIDATION GOING ON! EXPECTING A UPWARD RALLY SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BITCOIN strong consolidation going on at $20k level, this can't go on forever, triangle primed to break to upside or downside. But RSI is printing bullish divergence though.
BTC going above $21,800 makes a higher high, and going below $18,800 makes a lower low, and the next move likely sets the direction forward.
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USDT DOMINANCE READY TO FALL! BULLISH FOR BTC AND ALTS!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT Dominance update.
USDT Dominance is looking in favor of BTC now. Currently, it is breaking down from the triangle pattern in 4hr time frame and now retesting the triangle. After this successful retest, we can expect a good drop-in USDT Dominance. As you know USDT Dominance is inversely proportional to the BTC, so we might see a good rally in BTC and Alts in the month of July.
If this pattern plays out successfully then we see $26k-$28k for BTC on board in the month of July.
Invalidation Level:- If USDT Dominnac breaks above the triangle (8.0 level) then this bearish pattern will be invalidated and we might see a new low in BTC.
What do you think about this?
Do you think that we might see a bullish rally in July month or do you think that we see a new low this month?
Share your views in the comment section.
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Volume Profile and why you need it.Volume profile is an underused and quintessential part of trading, it tells you build up of orders, it tells you fair price, and it tells you where the majority of the liquidity is.
You can see in this chart, I have taken it apart piece by piece to show you the basic mechanics and why price moves the way it does, now be honest, how many of you rushed into selling GU last minute because the price was collapsing? Well the funny thing is despite not being alone in doing so in the retail trading world, big banks and instituitions were already two steps ahead as expected, check the Volume profile, notice how it declined on a massively falling currency, what this is telling you is that the amount of exchanges is very low, as the shorters pushed price down they began to close positions, also what would have happened is the amount of retail money and money that isnt associated to high end firms would have started to see negative positions so what do they do? they have to close these sells with buys! so not only are the big banks taking profit, they are also using you as rocket fuel! as the masses of small money becomes negative/trapped/stoplosses, price reacts in an equal and opposite reaction, price rallies. So where is price heading too? it is heading back to an area where it can happily trade, and this is shown by larger bars on the VP, price wants to be happy, to be happy it needs to transact alot! So two takeaways... One, dont rush into falling or rising currencies! as they are heading into areas of low volume and will use mean reversion to run you over... Two, Utilise the fact price has low VP build up to your advantage! use price action and catch moves like that GU rally back to an area of more transactions! and a final little trick, use the VP to tell you if your orderblock is real or a figment of your imagination! feel free to drop some questions below, I may have to make more posts on VP for it to make sense. Maybe I will also make some posts on examples of trading using it, and what to do and not to do. Thinking about it, there is more posts to do, I need to show how to trade mean reversion and 'mountain to mountain' tactics. Hope you find this post interesting, as I take a journey of taking back the layers of many traditional strategies, indicators and the deeper world of maths, I am doing this to try help new traders actually get somewhere! So please give me a like and a follow, I want to expand my reach here on tradingview :) All the best ZenFlo.
BTC: THIS SUDDEN PUMP IS JUST A RETEST! STILL BEARISH!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update.
BTC took a sudden pump after hitting $18.5k level and it reached to almost $21k level. But this sudden pump of BTC is does not looks good at all.
As you see in the chart, This is just a retest after breaking down from the symmetrical triangle and looks like it is ready to fall again. According to the pattern target is $16k
Invalidation level:- If BTC breaks above the upper trendline of the triangle which is at around $21,300 then this chart becomes invalidated.
What do you think about this?
Do you think it will pump again or do you also think that we see a dump from here.
Let me know your views in the comment section.
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BTC: BREAKS DOWN! EXPECTING A MOVE TO THE DOWNSIDE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update.
BTC is not looking good here. Tried many times but not able to break the $22k resistance level. Now it's breaks down from the symmetrical triangle pattern in 2hr time frame. I'm expecting a 10-15% move to the downside.
Resistance:- $22k
Supports:- $19.8k/$18k
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Is Bitcoin creating a Bearish Pennant?Hello traders of tradingview! I would like to thank each and everyone of you for supporting my last chart i posted.
Please if you haven't yet already go check that chart out i have it linked at the bottom it is titled Psychology of a
market cycle. Please also make sure to LIKE and FOLLOW for more VALUABLE content!
What i expect is a slow gradual decline in Bitcoin's price ultimately finding support around $19,500 where
i would expect Bitcoin to bounce from that level back up to recent local high around $21,800's. I would be looking
to short $21,800 back down to about $20,000. At that point Bitcoin will have started to form a visible bearish pennant . I would
expect yet again another retest of trendline resistance at or around $21,000 creating a defined bearish pennant .
How to short the breakdown? 2 different ways i would short this trade setup.
1. For the best risk to reward ratio you could enter a short position at the top of the trendline resistance when Bitcoin is nearing
the apex of the bearish pennant . Place a stoploss at or around $22,000 using low conservative leverage and patiently wait for
the breakdown.
2. The other way to short this is by shorting the breakdown. Which means you would wait till Bitcoin approaches its trendline support
on its 4th test of trendline support it will likely breakdown as long as the apex of the bearish pennant is no more than a few days away.
Enter your short using low leverage and place stoploss above trendline resistance.
BEARISH PENNANTS
Bearish Pennants are simply the opposite of the Bullish Pennant . Bearish Pennants are continuation patterns that occur in strong downtrends. They always start with a flagpole – a steep drop in price, followed by a pause in the downward movement. This pause forms a triangular shape, known as the Pennant . There is then a breakout, and the downward movement continues. Traders look to enter short trades on a break below the pennant .
KNOWING THE DIFFERENCE BETWEEN PENNANT PATTERNS AND TRIANGLE PATTERNS
Pennant patterns are very similar to triangle patterns, but there are some important differences between a crypto Pennant and a crypto triangle that should be acknowledged in order to trade either pattern successfully.
These are the key differences to note:
A Pennant pattern has to be preceded by a strong up or down move that resembles a flagpole. If there isn’t a flagpole, then it's a triangle and not a Pennant .
A Pennant tends to form a shallow retracement (typically less than 38% of the flagpole). A deep retracement is indicative of a triangle rather than a Pennant .
A Pennant is characterized by the continuation of the upward or downward trend.
A Pennant is a short-term pattern that is usually completed within one to three weeks. A triangle pattern usually takes much longer to form.
Band ready to hit 1$ soonAs you can see BAND just printed a bearish flag in a 4h time frame chart.
Taking in to account the current market situation i think that we can expect a retest of the lower trend line of the flag.
That is too a retest of the 55 4h exponential moving average and the retest of a strong broken support.
I will open a short position at 1.428$ with stop loss at 1.56$ and targets 1.01$, 0.76$ and 0.57$.
I will be glad to see what do you think in the comments and if you agree with me don't forget to give me a like, it helps a lot.
BNB is flirting with Hades!It broke $212 crucial support. Next short-term stop is at $140, but is a weak one.
Unfortunately, the next strong support is way way down to $45.
ETH: NOT LOOKING GOOD IN LTF! READY FOR A NEW LOW!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is not looking good here in 1hr time frame. It is forming a symmetrical triangle-like pattern. ETH was rejected multiple times from the resistance line and now breaks the support line as well.
I'm expecting a 15-20% drop from here in ETH price. As you know when ETH drops many altcoins will also follow. So stay cautious and trade carefully.
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ITC interesting chart patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
GBPAUD | New perspective The identification of a strong bearish impulse leg on the 4H time frame which was followed by a retracement into the 61.8/78.6% appears to be a clue into the strength of the sellers at this juncture in the market.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Bitcoin to 16k this week!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart, as well i am looking at inflation rate chart and DXY.
This is my second video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english.
And also i forgot to mention that i am still in my short position from the top of the range at 32400k.
What do you think about my second video and analysis ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
AAPL Breakdown ideaFrom left to right on the chart.
Price established support at 151 / 152 level and after it lost it, price dropped to a new low at 140 (also psychological)
From there we had a mini rally towards 150 forming an ascending wedge. Once the wedge broke,(great short trade) we saw price just collapsing and not only retesting the bottom of the wedge but making a new low at 133.
Fasting forward to current Price action and my personal game plan.
I was initially tracking a symmetrical triangle, where i almost for trapped at the top twice. With that triangle failing and a possible short term double top, i am watching to see if we can lose support for a nice R:R short position.
You can notice a trendline from the lows at 133s. I will be watching tomorrow 144.36 support, which is the trendline. If we break it to the downside, i might try a quick scalp towards 143.11 (risky) Previous resistance, will likely act as support, but below 143.11 good chances we test 140.
BTCUSD - Next DropWe have a breakdown from the trendline . it can drop fast.
Entry : {30,040}
Targets : {28,490} to {28,270}
Stop : above {30,700}
❤ Thanks for your attention ❤
USDT DOMINANCE BREAKDOWN! BULLISH RALLY AHEAD IN THE MARKET!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
As you know USDT Dominance is inversely proportional to the BTC and Alts. When USDT.D dumps the whole market (BTC and Alts) starts pumping.
According to the 4hr chart, USDT Dominance breaks down the triangle and now all we need is a successful retest. After the retest, we can expect more drop-in USDT Dominance.
When USDT Dominance retests we have a perfect chance to take lower entries in Altcoins. I'm waiting for a retest to long some Alts.
What do you think about this?
Do You think we get a retest from here or do you believe that this will be a takedown?
Share your thoughts in the comment section.
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BTC: BEARISH PATTERN! IF LOOSE THE SUPPORT TARGET WILL BE $21K!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. BTC is not looking good. It is hovering near the support for the past few days and every upside move is rejected by bears. Looks like bears are in full control.
In the 8hr time frame, BTC formed a bearish pennant-like pattern. It's already broken down from the pennant. But the last hope for bulls is the green support box. BTC is still holding this green support zone ($28k-$30k) for the last few days. If we get a close below $28k will confirm the downtrend and then we see a 30% move to the downside which will lead the price to the $21k-$22k level.
Let's see this BTC can hold this support or break.
What do you think about this?
Do you think BTC is bouncing from here or do you think that we see a $21k-$22k level in a few days?
Share your views in the comment section.
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Bottom vs BreakThe great thing about predicting market trends is that it's very easy.
Review my greatest predictions and I will tell you at the bottom of this idea.
One of my very first predictions was based on a 10 year S&P channel based on SPX adjusted for inflation.
The chart just bounced off the median line!
My first prediction that got noticed was bitcoin with this wyckoff pattern
Not noticed as much, this Death Cross meme turned out to be an amazing call when QE tapering would begin and how it would ultimately be the top
One of my first art/meme style charts for gamestop and the inevitable fall of markets
Another update to the bitcoin wyckoff pattern, but this time marketing the top of ST
This prediction was only really meant as a joke, turns out they never found a buyer
As madness set in the markets with SPAC carnage coming from Trump now, this chart was simple a matter of time.
The combined indexes presented an easier indicator of a bear market as they fell through the 21 week EMA and failed a retest weeks later.
The meme reversion rhetoric and talk about the fed having their hands tied was a direct indication the QE ride was coming to an end.
one of my fav charts is this how semiconductors and markets. zoom out to see how we really never got to bubble status of the dot com era, nor hit the lower channel of the housing crisis yet.
another attempt to update the bitcoin wyckoff pattern ultimately reaching SOW (Sign of Weakness)
I wasn't expecting the bond market to drop so quickly, but it did drop to 2018 levels and bounced.
The market was chopping wood on a daily basis.
I saw the sign and it opened up my eyes, I saw the sign.
This one got me banned for a few days but nailed the death cross right at Apr/May
It was only a matter of time before the weekly Ichimoku Cloud would be violated
Here I almost nailed a 5% drop down to the day.
Bravo if you made it down this far. You earned your reward!
My secret to predicting markets is in 3 words.
BUY MY BOOK
Just kidding, I don't have a book.... Yet!
I'm actually looking for something in fintech space so I won't be updating very often as I build my masterpiece, the Trendsetter 2022!
Also, check out my website and 21D GEX Moving Average. We just broke the lowest point in negative GEX 21D moving average since after 2011
I'm looking for a Bottom here OR a complete breakdown.
Only way a breakdown occurs is if prime brokers start to fall.
I often wonder if the Fed and Banks are having secret meetings to bail out the banks again or did they learn their lesson.
GBPJPY BREAKDOWNOn a monthly timeframe, we are in a good trending market (Bearish). Currently in a correction phase after the long impulse move which occurred or started around 2007 and ended around 2011. We are in a beautiful ABC correction. Patiently waiting for wave C completion before looking for impulse move to the down side though continuation of the whole bearish movement. we might encounter a flat correction or a running correction but to gain confidence, wait for trend line break.
WAVE A = 3 WAVES
WAVE B = 3 WAVES
WAVE C = 5 WAVES
To enter, as a patient trader, wait or look for trend line break, a retracement of about 50% or 61.8% fibs level before entering a position.
Short AUDCADrisk reward 2.5
TP Low of yesterday
ps: so boring to write with a text limit that must be more than xxx characters in the trading view.
when finish, Chart are go far away than we think.
BTC: $35K OR $26K? WHAT'S NEXT?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn't go according to the pattern. This is just because everyone is talking about the same pattern (Inverse H&S) and market makers never want that more than 90% of people are right so they manipulate the price action. So we have to be extra cautious at this time.
Now let's get to the chart.
BTC is forming a rising wedge-like pattern in 4hr time frame. The direction of the breakout will decide the next move of BTC. If BTC breaks out (Break and close above $31.5k) from this wedge then our target is $35k or if BTC breaks down (Break and close below $29.5k) from this wedge then our target should be $26k
Let's wait for the breakout or breakdown then we will decide our next move.
What do you think about this?
Do you think we go to $35k from here or $26k?
Share your views in the comment section.
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