BTC/USDT - LONG/SHORT ALERT!simple and effective btc analysis.
btc makes a bear flag on 4h chart.
also makes a rising channel on 1h timeframe.
make a symmetrical triangle on 1h timeframe.
over all bitcoin in downtrend so we are trying to caught only short trades.
now currently all depends on breakout or break down.
happy trading journey.
tata bye bye
Channeltrend
DISNEY - BEARISH CHANNELThe Walt Disney Company, one of the largest media corporations in the world, has been the subject of a wide variety of criticisms of its business practices, executives, and content. Currently having serious pressure in Florida from Governor De Santy's office, Disney might suffer a chain reaction of investors liquidating and limiting further losses. As politics drive the markets with the highest impact the asset might continue falling. The widening downtrend channel also confirms similar developments.
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Team Lease FinanceHello and welcome to this analysis
In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak.
The decline appears to have come to a halt at the confluence of both the channels and after a brief period of consolidation its showing signs of resumption of uptrend.
SIP / accumulation between 2350-2700 with 2200 as failure of structure (channel will break below) for upside possibilities of 3500 and ATH appear a possibility.
A decent risk reward ratio for medium to long term investing.
AUDCAD I Short from resistance Welcome back! Let me know your thoughts in the comments!
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GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments!
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EURAUD: anticipate SELLThe EURAUD currency pair has recently entered into the bearish market zone on the 4-hour timeframe, which also coincides with the resistance level on the M30 channel. This has occurred following a substantial increase in value during Friday's trading session which we also captured.
Currently, there are two potential outcomes for the market:
1. The price may reject the minor trendline and move upwards towards the 1.57031 region, to test the channel resistance level once again, before eventually dropping.
2. Alternatively, the price may break the minor trendline in a downward direction and continue its bearish trend.
In both scenarios, my bias is bearish . I anticipate a break and retest of the minor trendline towards the 1.56725 region, which will serve as my entry confirmation for the second scenario.
Given the current overall bullish trend, it is prudent for me to exercise moderation in pips targets, as it is plausible that the market maker may contemplate the continuation of the bullish trend. So, my objective for a scalp trade is to reach the 1.56395 price level, while my target for a day trade is the 200EMA region.
SPX 4hr Watch for bottom around 3880-3850Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. 3850 is the point of control of the recent range where many relieved shorts will be looking to get out at break even. The confluence and this range constitute strong support but a weekly close below them would be a pretty bad look.
USDCAD SELLI expect USDCAD to drop in the following days, because it is at the resistance zone of the M15 and M30 price channels respectively. Secondly, it overextended price in order to fulfill EW impulsive move evident through the divergence on TDI and Awesome oscillator. As such, the correction of that count is expected. My short term target is resistance zone that was broken during the upside move around 1.34778. If broken, I will expect price to drop further.
When in doubt zoom out BTCI wont comment on this chart, it is just a general view of how things look right now, we do have room to the downside no doubt, and we did miss a higher high on the monthly. If the trendlines are to be respected we can still go sub-20k for the whole of 2023. On a brighter side, the prices as they look right now are more or less as low as things can get. If the bottom is not in it will be in somewhere in 2023. There is huge potential to the upside.
WHEAT BULLISH SCENARIOWHEAT agriculture commodity will always be one of the most significant for the survival of the human race. Production, export, and import have been under heavy hits for the past 3 years, especially the past 11 months during the invasion of Ukraine. Ukraine is a major producer and exporter, as we follow the conflict we can easily determine that plays a significant factor in price speculations and it has been very fruitful for day threaders and short-term traders. On the 1hr chart, we can study 2 findings, resistance level at 800' an uptrend channel with a 50$-60$ volatility range. Bulls can pursue reaching that resistance and hope for a break.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
AUDUSD possible long moveAN offers a really good long setup. The confluences are:
1.ascending channel
2.break and retest of S/R zone
3.daily AND weekly 50EMA laying on this level
4.61.8% fibs
So we just need to see rejection candles at POI for entries.
The only thing I don't like is the bearish momentum. The last daily candle is Marubozu candle, a very dominant candle sooo I'll be looking for STRONG 4H rejection candles or daily candle before jumping in longs!
It could easily penetrate the zone, so be careful with entries.