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Consolidation

EURCHF - Consolidation opportunityAfter a significant downtrend from 1.20 down to below 1.00, the EURCHF pair is now consolidating on the daily timeframe. Similarly, the Sentiment Index at the bottom is consolidating. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation). The opportunity now is to trade the pair within the consolidation considering it's very large and clearly identifiable. Remember to stay patient and always look for confirmation from the indicators!
by a.b
4 HR TF Break DownThe narrative for this short set up is this: When the 4hr breaks out of a consolidation zone from the 15min TF huge opportunities for high probability entries present themselves. When you see the opportunity at the beginning of the break cease the moment. You're either right or wrong. A tight SL will take care of the RISK if you're wring, But it sure feels good when you're right! As always never overleverage. Trust your trade set up. Have fun! I AM Pro Trading Made Simple
by Master-Jedi-Trader
1
LTCUSDT compressionA breakout opportunity is forming on LTCUSDT. The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom. As of now, the breakout could be either to the upside (trend reversal) or to the downside (trend continuation) so let's just wait and see when the breakout comes. Remember to do your analysis, be patient and always look for confirmation from the indicators.
by a.b
📊Bitcoin consolidation pattern! Read the description!Hi friends, you've probably noticed that Bitcoin and cryptocurrencies start to rise or fall after consolidation. In this idea I will explain why consolidations happen, how to use this in cryptocurrency market analysis and where the next ATH for Bitcoin will be. 📊What is a consolidation? Consolidation is the small price range. Unlike a bullish or bearish trend, a consolidation is the absence of a trend. As we can see from the chart after consolidations price fall or rise for amazing %. In trading it calls "become volatile". 🔸Why consolidations happen? Actually, consolidations happen because of traders sentiment. If the price don`t move in any side this is bad for most of them. As we know, the biggest part of traders earn on the huge price movements. So when the price start consolidate there are no bull or bear power and price move in the range. 🔸What happend when the price leave the consolidation range? Consolidation is like a spring. The harder you squeeze it, the more it bounces back. It's the same with the price. For example, Bitcoin starts to rise or fall a lot when it comes out of consolidation, the spring rebound, and this has happened in all the examples in Bitcoin's history. 🔸What will happen to BTC next? For more 516 days BTC price is in $29-64k consolidation range. Now we can see the largest consolidation since 2015-2016 before the price reached ATH in 2017. 📈If we follow the rule that the longer the consolidation, the bigger the fall/rise, it's actually hard to predict what will happen next. In any case, Bitcoin will not be able to grow by 5000% in the next bull cycle because of its huge capitalization, but 600-900% growth from global lows ($20-26k) is quite possible. 🚩Traders, what do you think about this pattern? What will be the next ATH for Bitcoin in the next bull cycle based on this rules? Write in the comments, let's discuss it together. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
BTC: CONSOLIDATION ZONE! WHAT'S THE NEXT MOVE?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is consolidate from $28k-$32k region from last 30 days. Soon we see a big move and the direction of this big move is depend on where BTC breaks out(up or down). For a bullish momentum, BTC needs to break $32k level and hold above it. Once it holds above the $32k level our next short term target is $35k-$37k level. So all we need to break the $32k level. If in any case BTC daily candle close below $28k then it would be very bad and we might see a quick drop to $22k-$24k level. So be ready for every possible scenario and trade cautiously. What do you think about this? Do you think BTC breaks $32k resistance or do you think that it will break $28k support. Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
by CoreCrypto1
2
XTZ - Tezos. The Next BIG thing!? XTZ Tezos, the self-amending cryptographic ledger now has been backed by the biggest stable coin USDT. This will help XTZ succeed further more. Tezos fundamentals are very strong as its already ahead of the POS competition. "Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency." "Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets." "Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers." If Tezos can bounce from this support and consolidate. It may be the next BIG thing long term. My future price target is - 30.00 approx.
COINBASE:XTZUSD
by Samabby
Long BTCUSDT (News) Quote: " Wise people tends to be profitable, smart people tend to be prove themselves right. " After btc hit the price of 31700, it went back to the whales support at ~29k , it will tempt people to sell again and trap sellers at support. At most, I see it will go to fill the gap at 28.9k, after that, we should forms support again and go back up since there is upcoming USD CPI news. Hence, I am expecting a sideway move again to try bottom sellers at support and getting excited that we will go to 25k. The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements. After the H4 had formed a leading diagonal based on wave principle, it make this sideways movement for people to think that it will go down further and tempt people to short. Then, it went up as predicted but some shorters and smart guy will sell it thinking that it is a bear flag and got rekt. Do not be deceived by the whales manipulation. We might drop slightly lower to hit 29k and forms support again. This manipulation by whales are food for them as retails traders getting liquidated easily. It is trying to make you think that we are going down, so that you will be shorting the support here. But , Do not get deceived by the whales!!!!! I realized everytime the whales push it back down to the demand, they will do this type of manipulation. The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area. This is because they are accumulating shorts and piling up their btc spot positions for it to move up further. It shows a strong demand on this 29k area for bitcoin , It filled one of the CME gap but there is one more left. The whales are accumulating. It is trapping elliott wave and breakout traders to short here, this will bottom here. Long btc . Sick of this sideway obvious manipulation by whales. A lot of people had lost money buying optimism, lunc, luna and investing in scam coins and wanted to recover their losses, Whales had been defending this 29k level multiple times. Everytime, it hits this level, it will bounce back. Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating. This might be your last chance to buy bitcoin at the dip before going to 100k. ( long term target). But first, the short term target is 33.4k as price target. Bitcoin created a retest of the broken support turned resistance with bullish candle with a clean candle to 31700 USD, this had pushed the price up to 31700 as clean candle as predicted. The whales will breakout traders thinking it will go down but it will go up. Do not short this but long instead, the manipulation is too easy to be spotted. This is very bullish , long bitcoin and take profit at 100k. To the moon. This should be the macro bottom. Simple whales with their obvious manipulation. Hence, btc should moon from here and target 38k . First target should be 34k . On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?! This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly! Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long
by Future_Wei
12
$FBRT ready to move higher?* Coming up on the right side of its base * Picking up on volume as it ascends in price * Broke out of its inverse H&S pattern earlier and now is in a tight consolidation * Three consecutive pocket pivots * Forming a bull flag Technicals: Ticker: $FBRT Sector: Real Estate - REIT - Mortgage Relative Strength vs. Sector: 6.65 Relative Strength vs. SP500: 5.77 U/D Ratio: 1.91 Base Depth: 34.91% Distance from breakout buy point: -4.67% Volume 21.91% above its 15 day avg. Trade idea: * You can enter now as the price is still consolidating. * Reason for entry is that the stock has been printing pocket pivots for the past three sessions in a row. * This shows signs of accumulation which can also be seen in the high U/D ratio value. * Manage risk accordingly
NYSE:FBRTLong
by HaseebKhan_90