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Sell Setup: Daily Resistance, Supply Zone, and Bearish Harmonic Hello traders The EURAUD has been trading near a strong daily resistance level, which has been previously respected as a supply zone. Additionally, we can see a bearish harmonic Bat pattern forming on the chart, adding further confluence to the sell setup. To trade this setup, we will wait for a bearish confirmation such as a bearish engulfing pattern or a double top on the lower time frame. Once we have a confirmation, we can look for a sell entry with a stop loss above the daily resistance level. It's essential to practice proper risk management techniques and avoid overleveraging when trading. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
by TheTradersAvenue
14
ATLAS TECHNICAL CONSULTANTS: Elliott Waves Technical AnalysisFrom a technical point of view, the trend is bullish on hourly chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. The downside is that we don't have extended historicity and that makes the setup high risk, so logic tells us to use a small size. ATLAS TECHNICAL CONSULTANTS ($ATCX) - NASDAQ NASDAQ:ATCX Strategy: Buy on Wave 4 PROFILE Sector : Industrial Services Industry : Engineering & Construction Atlas Technical Consultants, Inc. is a provider of professional testing, inspection engineering and consulting services. It offers solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. The firm provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design and manage a wide variety of projects across diverse end markets. The company was founded on June 28, 2017 and is headquartered in Austin, TEXAS. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
ALong
by TheAnonymousBanker
3
Crypto Industry in Shock: Bitcoin Warns of Further DropAnalysis of #Bitcoin Hello traders Bitcoin is currently facing bearish pressure as it approaches a major key market level near 22000 and hovers at trend line support. The recent lack of interest from buyers is concerning, and BTC has been trading in a narrow range. Additionally, the warning that sent shockwaves through the crypto industry has added to the uncertainty. Despite this, Bitcoin has been in a rising trend channel in the medium to long term. However, if BTC breaks below the trend line support and recent low, it could potentially test the 18000 level. Traders should closely monitor the price action and look for sell opportunities if BTC fails to bounce back from current support levels. Stay ahead of the game and don't miss out on potential profits. Follow me for more trading insights and analysis. Like, comment, and share if you found this helpful!
BITSTAMP:BTCUSD
by TheTradersAvenue
8
Bitcoin Immediate short term ⚠️UPDATEWhat are the reasons for the recent decline in the value of Bitcoin? In both Timeframes 1W and 1W BTC printed a Bearish Divergence Bitcoin has been moving sideways for the past 33 hours, while altcoins have been bleeding hard. What's next ? Bitcoin's current major resistance level is $22800, and if it loses its current support level, the next target will be $21.5k. If breaking 22.8k resistance i am expecting BTC to bounce to 24.1k. And 27k, only if daily closing above 25.3k That was the reason why btc was dumping hard recently. Note: Predictions and chart analysis made more accurate when jumping into a higher timeframes. ⚠️ Not a financial advice. Happy trading ❤️ Follow me on Quora for daily updates Flor Bejleri
BITSTAMP:BTCUSDLong
by MatrixCrypro
btcusdt long $BTC this has become so ridiculous. up and down same amounts daily. Lenders should be broke by now, but they are not and why, because you guys need to understand, you're lending off people that know your positions, its so easy to liquidate you as there is absolutely no regulations, no insight on who is dumping or pumping. Clearly manipulated, so obvious the market making, the liquidations, same game daily, they dump you all sell and give them a cheaper entry, they'll keep repeating as long as the can buy back their BTC for less and you keep raising till they dump again. This is like farming people. If you people would constanly raise its value they cant buy cheaper, they wont dump easy because they cant retrive what they've sold. To hard to understand? Keep feeding them. Dont know what you all see in charts when everything is control of a few people. I'm here to invest long-term and not play daily games, but daily people, exchanges/lenders running it down makes it unatractive
Long
by Tayyab1211
2
ADAUSDT ShortTime Frame: 4H Symbol: ADAUSDT Entry: 0.3646 TP: 0.3477 SL: 0.3764 Bias: Short As we see the crypto matches are pretty much negative and the penchant for up cost drive is disheartening .Our directional predisposition is overwhelmed by the new cost history and its various features of examples. The momentary energy driven open doors have the main concern in our examination. In any case, we additionally have put significance to dynamic help and obstruction .
Short
by NationCryptoSignals
NZDCHFConsidering the pullback and the reaction to the middle range of the descending channel, I expect the growth to the top of the channel if the pullback is confirmed Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Long
by Hamiratrading
A THREAD :BASICS OF HAMMER CANDLESTICK FORMATION (PATTERN). What Is a Hammer Candlestick? A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the opening and closing prices, while the shadow shows the high and low prices for the period. KEY TAKEWAYS:- Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Understanding Hammer Candlesticks A hammer occurs after the price of a security has been declining, suggesting that the market is attempting to determine a bottom. Hammers signal a potential capitulation by sellers to form a bottom, accompanied by a price rise to indicate a potential reversal in price direction. This happens all during a single period, where the price falls after the opening but regroups to close near the opening price. Hammer should look similar to a “T.” This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed. Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer’s shadow. Hammers aren’t usually used in isolation, even with confirmation. Traders typically utilize price or trend analysis, or technical indicators to further confirm candlestick patterns. Limitations of Using Hammer Candlesticks :- There is no assurance that the price will continue to move to the upside following the confirmation candle. A long-shadowed hammer and a strong confirmation candle may push the price quite high within two periods. This may not be an ideal spot to buy, as the stop loss may be a great distance away from the entry point, exposing the trader to risk that doesn’t justify the potential reward. Hammers also don’t provide a price target, so figuring what the reward potential for a hammer trade is can be difficult. Exits need to be based on other types of candlestick patterns or analysis. Psychology of the Hammer :- As we have seen, an actionable hammer pattern generally emerges in the context of a downtrend, or when the chart is showing a sequence of lower highs and lower lows. The appearance of the hammer suggests that more bullish investors are taking positions in the stock and that a reversal in the downward price movement may be imminent. The long lower shadow on the hammer candlestick indicates an effort to continue the price’s downward trajectory, but the higher close represented by the real body indicates that the sellers were ultimately unsuccessful in holding the price at its intraday low. The price’s ascent from its session low to a higher close suggests that a more bullish outlook won the day, setting the stage for a potential reversal to the upside. Hammer Candlestick Pattern:-📈 How should you trade with this pattern to take entry at lowest levels? 1.⛏The hammer candlestick is found at the bottom of a downtrend and signals a potential ( bullish ) reversal in the market. ⛏The hammer candle has a small body, little to no upper wick, and a long lower wick - resembling a ‘hammer’. 2. 🔨Hammer candle can be of any colour – It can be either of Green or Red colour. 🔨The lower shadow should be at least two times the height of the real body. 3. Psychology; This candle pattern indicates that the price dropped to new lows, but subsequent buying pressure forced the price to close higher, hinting at a potential reversal. The extended lower wick is indicative of the rejection of lower prices. 4. Reversal signal :– Entry for Bulls: It indicates the rejection of lower prices. When found in a downtrend it could signal the end of selling pressure and begin to trade sideways or reverse, after confirmation such pattern can give the best entey to play reversal. 5. Exit signal:- For Bears:- Traders that have an existing sell position, can view the hammer candle as an indication for reversal and they can take exit to existing sell position. 6. Confirmation is important : Entry in any trade should be taken only after the confirmation. Fomo of entering into a trade without any confirmation can trap you in a wrong trade. 7. Stoploss: Once entered into any trade after the confirmation, stoploss can be placed below the low of hammer candle. Traders, if you liked this thread , write in the comments. I will be glad.
NSE:ULTRACEMCO
by Jha_Nidhi