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Consolidation

Mdex - Symmetrical Consolidation I am long. Some serious consolidation here charging up for a large move imo. If the market continues to push green, I think there's a good chance we see 30 cents Mdex. However, we also saw relative strength of MDEX flourish during the past few weeks as you can see on the chart, so we'll see how it reacts to the market if we get a bullish rally (decorrelated? I doubt it, but worth minding given its recent PA compared to the altcoin market). Stop-loss below recent low (~17 cents) and invalid on a breakout below this triangle. Manage risk, don't assume this will break upwards. V
MLong
by cryptovatsik
4
Oct 24th-28th.Big Tech Earnings Week.I hope everyone had a nice weekend. Stepped away from the markets on Friday as I went to Ensenada Mexico to celebrate my grandfathers 90th birthday. Dude is still going strong and showing no signs of stopping! Always important to spend time with your family, be present in the moment and not always think about the markets. Now, let's get into it. Interesting week last week as we finished Friday with a big green day. Which took many by surprise, especially after Thursday's candle, signaling a more bearish week. But if you sit back and take a look at the bigger picture, we've been in this zone for a few weeks now playing this tug of war game between the June lows and 3800. So, this is still a corrective phase that we're in and I don't think this is THE bottom. Remember that in Bear Rally's, sharp rebounds are to be expected. We're at the 20 EMA still and could continue to go touch the 50 EMA which would put us at 3800ish, 3850ish and still be considered a Bear Rally. With higher pivot lows forming, interest rates still rising with the 2 YR @ 4.6% and an inverted yield curve and a Fed with now intentions on pivoting. You gotta ask yourself: "Do we continue higher with all these head winds?". Many of these "earnings beat" headlines were already on reduced guidance. Corrections can happen two ways. With time, and with Price. Since about September 23rd, we've been correcting with TIME. And now looking for a corrective phase in PRICE with the move we saw on October 23rd and Friday's move. Now if we take a look at the VIX, you would think with all this volatility, it would be more aggressive but the VIX is a forward looking. It implies what is to be expected. And expectations came down last week but not significantly. Here's something to consider. Refresh and then Reinitiate. Sometimes when the market gets confusing, it's best to sit back and be patient for the right entry. Cash IS a position. Nothing wrong with waiting for a clearer picture. Look what happened back in May and June. There was hope in the market as it jumped up between the 20 EMA and 50 EMA before it continued lower. So, similar thing could be playing out here again. Let the hope phase fizzle out and reinitiate your execution. This week we have AAPL, AMZN, GOOG, MSFT announcing earnings and these guys are heavily weighted in the S&P, so important to pay attention to market activity. I am still bearish but not as bearish until I see what happens this week. Mange risk accordingly, position size, stay disciplined and patient. Happy Trading everyone!
SP:SPXShort
by MMOTA_
AUDJPY Sell IdeaHere are my thoughts on AUDJPY coming down from the supply zone. We can see on the 4 hr that market structure is coming down and it went into accumulation and created liquidity. I also saw the liquidity was taken above the accumulation/consolidation and tapped into the 4 hr zone. From there I dropped to the 15 minute zone and saw that once price tapped into the 4 hr zone, it created inefficiency, took out liquidity, and had a change of character. Right now, on the retracement, it is creating liquidity and I'm thinking that it will take out the liquidity on its way back up to fill the ineffi,ciency then continue with the downward market structure.
Short
by BlackDiamondFX
1
BTC POSSIBLE DIRECTIONS CLEAR PICTURE Hy my name is rukhshan warraich . Lets take a top-down (htf-ltf ) approach to analyze bitcoin next movement . 1w-1d-4h a) Technicals lets first consider 1w data : btc currently ended the h&s pattern but the price target area has not been touched yet that is a bearish movement (which is around 11000 per bitcoin ) left shoulder of the h&s pattern is higher than the right shoulder which makes it more accurate and valid to have a bearish movement . curently btc is in consolidation phase where bulls and bears have no proper control over the price . the next major technical support is at 11800 (very bearish move ). 1d data: btc formed bearish flag (18june - 15 august ) and then showed a bearish move (almost -5800 usd down ) curently forming a descending triangle is till now playing good .(bearish pattern ) support is well kept but the price at support is fluctuating (17700, 17400 , 18200) big picture shows btc is making a double bottom pattern with a price target of (24500 , 28000) which looks not posible considering the economical conditions . so the last hope is that it holds the support or loose it to confirm the very bottom . halving is in 2023-2024 and considering economical conditions and inflation bull run is not possible. 4h data : symmetrical triangle which can break from top or bottom (not confirm yet but most likely to the bottom ) b) fundamental analysis : elsalvador is thinking of not buying more bitcoins as 70% of the population voted against buying more bitcoin. maybe elsalvador will sell causing more panic . market has not much reacted to good news so far . sentimental : people needs to withdraw money because of inflation and economical crisis . conclusion : considering all these points , btc can still take a relief rally till (19700-21000) but the overall market is still bearish . like , share & comment .
by xairuq
2
USDCAD: DXY Likely To Consolidate Before Major Uptrend Resumes!DXY is Bullish on long term, however after another upwards impulse it looks like time for consolidation has likely arrived. Here we focus on the USDCAD 4H chart, where the price seems to be loosing momentum as evident by the RSI & naked eye. The key here is to of course as always wait for the support break and then only go SHORT provided the price retraces to offer us at least 1:1 RR. Have a look at the chart for full details on this potential trading opportunity. Keep in mind, this is just a potential short consolidation move, after which the uptrend might resume as the DXY is expected to gather strength. Trade Safely & Cautiously. Cheers
Short
by FX618Analysis
Will BTC Break Its Consolidation Range This Week?Over the past few weeks, BTC has consolidated around the $19,246 level, which is the Fibonacci level of interest discussed in a number of recent posts in the past couple of weeks. See the links embedded in the Primary Chart above. BTC has chopped above and below this $19,246 level quite a few times, forming a tight consolidation range between and $18,232 and $20,225 approximately. Each breakout move has resulted in a bear or bull trap that fails to follow through with a sharp reversal back to the opposite side of this level. See the intraday Supplementary Chart below for an overview of the past two weeks of price action with some of the prominent failed breakouts highlighted with circles. Supplementary Chart: Key Fibonacci Level at $19,246 with Multiple False Breakouts in Both Directions The failed breakouts in both directions have likely been a source of frustration for bulls and bears alike. Each move has been essentially a trap move that failed to follow through, with a sharp reversal to the opposite side of the $19,246. As pressure mounts on major equity indices like the S&P 500 ( SP:SPX ) and NDX 100 ( NASDAQ:NDX / NASDAQ:QQQ ), with many of them undercutting June 2022 lows, BTC is like to follow suit in short order. This does not negate the possibility of BTC yielding a sharp OS bounce in the coming week or two after a trend move lower. One argument for the bulls is that BTC's sideways chop action has resulted in its relative strength becoming quite impressive. Equity indices have been plummeting sharply since mid-August 2022 with little reprieve. But BTC during this time has largely chopped sideways after losing a few key levels in late August and early September 2022. BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KUCOIN:BTCUSDT KRAKEN:BTCUSD CME:BTC1! ________________________________________ Author's Comments: (1) Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate in the comment section. Shared charts are especially helpful to support any opposing or alternative view. (2) This technical-analysis view does not constitute a trade recommendation or trade setup. Instead, it attempts to offer technical commentary that describes and analyzes price levels, trends, price action, or the broader technical environment as of the publication date. Technical-analysis commentary does not equate to trade setups or recommendations. Within a given price environment, traders bear responsibility for their own trading strategy, risk tolerance, and time frame, and for any due diligence associated with such trades. (3) This technical-analysis viewpoint could change at a moment's notice, e.g., when price violates a key level of invalidation for a particular view. Further, proper risk-management techniques are vital to trading success. (4) To the extent countertrend price moves are discussed, consider that countertrend or mean-reversion trading, e.g., trading a rally in a bear market, remains higher risk and lower probability even for the most experienced traders and investors. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified / licensed financial adviser or other financial or investment professional before entering any trade, investment or other transaction.
Short
by SquishTrade
12
BITCOIN- What now?1. possibility: BTC continues to move down as it gets rejected by the trendline and key levels. Possible bottoms: 1) -0.382 fib level (12219) 2) -0.5 fib level (10550) 3) even lower points, some even say 3k 2. possibility: BTC breaks the June 2022 big drop trendline, breaks key fib levels and visits the moon. 100k? 150k? 200k??? Who knows... Enjoy the show! Be a part of it too! We will see how this plays out... There is even a 3. possibility: BTC continues to move sideways for another long period of time...
by rev333nge
2
ADANI GREEN ENERGY!! PATH!!this astock will go down till 2000, and then move up and continue to its trend!! 1. purple line is the trend actually trend, based on stock getting consolidated. 2. blue lines are the major levels. 3. black lines are the trends which define that stock will come down till 2000, and then move upside(since reaching at 2000 level, the stock will be at its bottom). I HAVE DRAWN THE 4 PHASES GREATLY(REALLY SORRY FOR THAT BAD SCRIBBLE:P), BUT YES I HOPE YOU ARE GETTING MY POINT. SEE YOU IN MY NEXT ANALYSIS.
NSE:ADANIGREENLong
by raghavchoudhary2016
BTC: MUST BOUNCE FROM HERE!!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 is consolidating inside a channel between the $18.5k-$20.5k level from the last 1 month. Currently, the price is still holding the support of the $19.2k level. I'm expecting a bounce up to $20.4k from here. If the price close below the $19.2k level then we might see again the $18.5k level. Let's see how the price will react on weekend. Happy weekend to all of you. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
17
eu short call from fx chat and a little educationi haven't posted an "idea" in a while; they're tedious a bit of a time waster often, but they're good to do; i'll have a little fun with this one but will have to leave it somewhat incomplete because... time; incomplete or not, this still ended up being a bit lengthy STARTING THE WEEK WITH A VP (VOLUME PROFILE) POC ANALYSIS since the beginning of the week, i had been calling short for eu ( EURUSD ) while the price action from the end of the previous week was bullish; i based my bearish sentiment on the previous weekly POC being naked with two other naked daily POCs below the weekly open; (if you don't know POC , learn about volume profiles; "POC" stands for point of control; it's the price range or single price where the highest volume of trading occurred during a fixed time period; naked POCs are POCs where the price has not returned yet; the market almost always revisits a POC after it's formed, so a naked POC is a very good price of interest in the beginning of the week, i shared my bearish outlook and posted a more elaborate chart in fx chat with a weekly volume profile and five daily volume profiles and a weekly anchored vwap in fx chat, among all the shitposting and arguing last week as usual, another chat member requested a chart from me, so i made this simplified chart for a short call on eu ( EURUSD ) at this point, this eu short call was a simple obvious call based on simple pa as highlighted; it requires barely any thought; basic levels of consciousness and vision are probably sufficient to make the call there are two yellow highlighted rectangular zones each zone contains regions of pa consolidations where (market) movers were building short positions; how do we know they were building shorts? they moved the price down after the consolidation to capitalize on their positions; because the price move was down, they were profiting on short positions (yes, they can make liquidity in a sense, @ name_redacted , by moving the price with market orders, which results in a chain reaction of other market participants joining in the new trend, with many participants in fear of missing out on the price movement; i'm glad i was the one to enlighten you to the term "FOMO" @ name_redacted ) the lower yellow highlighted rectangular zone covers three separate regions of pa; on the right-hand side, it shows a short consolidation (short in sense of short position, not short amount of time) as it shows sideways price ranging followed by a downward move, just like the upper yellow highlighted consolidation; i extended the lower yellow highlighted zone to the left to see what the market did in that price range recently the middle region of the lower yellow highlighted zone includes 6 bars (on this H1 chart) with pa continuing a solid downtrend in the left-hand side of the lower yellow highlighted zone, there was a relatively brief period of pa during an uptrend so in this price range (the lower yellow zone), the longs (buyers) were weak compared to much stronger shorts (sellers) on the very far right, with the most recent pa, the blue highlighted rectangular area covers the pa after i posted my short call and is consistent with my speculation POLYSEMY, CONSOLIDATION, ACCUMULATION, AND DISTRIBUTION because this "idea" includes consolidations and because there was a discussion of nontrivial length in chat this week about accumulation and consolidation, i'll take the liberty of writing about the important concept in linguistics called polysemy , which refers to the property of a word that has more than one (semantic) meaning (or sense); it is prudent to always remember that most words in our natural languages have more than one definition (or sense); context often makes it clear which definition is intended but not always; we learn this simple fact about language when we're very young; as we get older, often many people either forget or ignore or exploit this property of natural language, and the result is often confusion, disagreement, manipulation, or time wasting discussions; it's always best to agree (in some certain sort of way) on the exact definitions of key terms before carrying on a discussion, debate, or analysis, even with simple words that traders use often, like accumulation and distribution and consolidation i used to teach courses for those preparing for the LSAT exam, the Law School Admission Test, and deductive logic is a significant part of that exam, which is based on strict, precise definitions of simple words that we are all used to and use every day: and, or, and if ; these words are polysemous in natural language; each word has more than one definition and the diffferent definitions are not logical consistent, so misinterpreting them can be even disastrous or at least cause confusion, heated arguments, and even delusions as a result of false beliefs sideways, consolidation, ranging, chop, crab, rotation (to list a few) are all virtually synonyms for a period of market activity where the price ranges within relatively smaller price range with horizontal support and resistance; these are common terms that most people use for this particular market behavior in the context of technical analysis; this is not polysemy; this is an example of multiple words that share one common definition sometimes, some people call this sideways market structure (or market behavior, however you want to look at or call it) accumulation because (so i've been told) buy and sell orders are being accumulated (whatever that means...); i think this is usually in the context of market structure theory, where it makes some sense, as the market is accumulating trades ("buy and sell orders" as some say) in a sideways, horizontal support/resistance range more often , however, in technical analysis, the word accumulation is used in the sense of buying that often results in upward price action, or as in accumulating an asset (or any trading instrument), such as gold or Rolls Royce stock in building a position or holding in a portfolio (see investopedia definition of accumulation ) sometimes, when the sideways price action breaks and begins to trend up or down, those who use the word accumulation for the sideways market structure may use the word distribution to refer to whatever trend started, whether it's an uptrend or downtrend; they will call that pa trend distribution more often, in technical analysis, distribution is used in the sense of selling that often results in downward price action, or as in distributing an asset (or any trading instrument) to other traders so one take away from what may seem like a long pedantic trip of details (if you are even still reading) is that you may be talking with someone who seems like they are making no sense whatsoever when they say things like "accumulation is always followed by distribution" or "distributions can be either uptrends or downtrends" or "consolidation is always accumulation" at least, remember those simple words that traders use so often accumulation and distribution , have multiple definitions that are not consistent with each other there are common (and very useful) TA indicators named with those words like the ADL (Accumulation/Distribution Line); you need to know which definition is used in titles of those indicators, or you'll be lost in the sauce and... i'll just mention that there are even several other different and common definitions in finance for the the "A" and "D" words too; i'll leave it at that i hope you profited from a EURUSD short last week
Short
by UnknownUnicorn17032407
VIX Feels Like a Smoldering Volcano 🌋 Post-2020 Parabolic MoveThe consolidation pattern in the TVC:VIX VIX goes back to June 2020 after the initial COVID flash-crash scenario. From June '21 to November '21, you started to see a bottoming formation turning into a new uptrend , subtle as might've been. The uptrend has chopped around in this rising channel since the end of 2021 up until the recent false breakdown during August 2022. This head fake has allowed the TVC:VIX to retake the bottom of the channel and continue up and up after every headline the market fears. Despite the approach of overbought levels, the bear market rally on Wednesday, September 28 gave volatility room to run. It appears probable a consolidation pattern around 36-38 will level off the relative strength as of late, occurring for the month of October when the market could stage a short-term rally. Coincidentally, this will set up the TVC:VIX right into the #MidTerms... To be clear, sirens won't start popping off on AMEX:SPY , NASDAQ:QQQ , and AMEX:DIA until a decisive, sustained move over 36.79 occurs. If that happens, a move to 47.20 seems like a no-brainer. Notably, that is a test of the top of the rising channel , confirming 2 technical scenarios with the midterm elections as the catalyst for the next leg. Keep your head on a swivel and keep an eye on volatility of TVC:VIX , NASDAQ:TLT , and TVC:DXY for directional signposts in the broader market. Also, it's important to remember Jerome Powell and other Fed officials, Russian tensions, Europe energy or monetary headlines, and CPI could all eliminate this hypothesis.
TVC:VIXLong
by zwburger
1
BTCUSDT - ConsolidationHello traders! Trading bitcoin at this time is becoming more and more difficult because volumes are decreasing and thus we are getting into a larger consolidation that accumulates a number of orders that sooner or later decide to create a large volume candle in one direction or the other. The question is where, we will never know, but we can open positions in both directions, but we need to find a suitable opportunity to buy and sell, from which we can assume that the M15 is currently in consolidation and that is why I have marked the zones where I would like to look for a buying opportunity as well as a selling opportunity for such a consolidation, always pay attention to a good distribution of TPs so that you do not have to close any of the positions at a loss if the price turns against you, if it helps us to open positions in both directions and then a breakthrough comes, we can make good money. IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
by TraderDominik
3
BTCUSDT - Consolidation (Sell)Hello traders! Today I did an analysis on the lower TF because we are in a sell position from yesterday and it is necessary to check it to see if the price starts to turn against us. We have a situation at M15 that encourages price to consolidate, but I'm leaning more toward selling opportunities, so keep in mind that we may see consolidation before further downtrend continues. If you are looking for an opportunity to enter, definitely try to sell in the marked areas to get the best RRR. IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Short
by TraderDominik
4
Here We GoHi everyone, In my last post, I was explaining how we might still be bearish and how we might make a pullback to the upside for BTCUSDT. Looking at the price, we just broke above the trendline shown above which represents the resistance for the area of consolidation. In other words, we are looking at a breakout. Since we are retesting the higher time frame (H4) previous highs, I am really interested in the 21100 level, where we might see some consolidation. The main reason I think this would be an important level is that it is in confluence with previous H4 lows above the price we are at right now, as well as the 0.382 Fib level considering the last upward move and the 0.5 Fib level considering the last downward move. The direction of the trend will be determined by the breakout from the next consolidation level.
Long
by yassin_khanji
10