BTC scalp - August scalping journey trade Nr. 2 Trying this risky setup on BTC after 30min FVG got tagged and we are at the 3D VAH. Aiming for the 3D VWAP but please recognise the risk here.
Break up of the setup 👇
30-Minute Fair Value Gap (FVG):
The 30-minute Fair Value Gap (FVG) is a key level identified on the chart. This gap indicates an area where the price moved rapidly without much trading in between, creating a potential zone for price to revisit and balance out the prior inefficiency.
3-Day Value Area High (3D VAH):
The current price is at the 3-Day Value Area High (3D VAH). This is a significant point derived from volume profile analysis over a three-day period, indicating the upper boundary of the price range where the majority of trading volume occurred.
Price Action and RSI:
The price has shown a recovery from a recent low, moving upwards to tag the 30-minute FVG. The RSI (Relative Strength Index) is displayed at the bottom, providing insight into potential overbought or oversold conditions.
Trading Strategy:
Entry Point:
The entry is based on the price revisiting the 30-minute FVG, an area often revisited for price correction and liquidity purposes.
Target:
The primary target for this setup is the 3-Day VWAP (Volume Weighted Average Price). The 3D VWAP is a dynamic indicator representing the average price of the asset over the last three days, adjusted by volume. It is a key level where the price is likely to find support or resistance.
Going to take profits on the way down and moving my stop loss to break even.
Considering the high-risk nature of this trade, appropriate position sizing is essential. Avoid over-leveraging and ensure that the potential loss is within your risk tolerance.
Cryptolevels
TOTAL3 - Bulls taking a napTOTAL3 began forming a descending parallel channel (Bull Flag) on March 31 and has been trading within it.
We recently had the third touch at the top of the channel, but it failed to break, showing signs of exhaustion indicating a greater probability of decline in the short term.
I will continue to monitor, but I only believe in all-time highs for altcoins when this channel is broken, but I wouldn't be surprised if we visit 450-480B before that happens.
Black Swan Incoming (Part 2)The series continues as Bitcoin fails to invalidate my thesis. This is most likely the start of the crash rather than the end. The first diagonal support comes in at 45-48k.
Check out Part 1 above first.
The Topping Fractal Strikes Again
The entire move is orchestrated time and time again. You can see from Part 1 that 7-10 year wallets shifted massive amounts of Bitcoin right when we get this same topping pattern appearing. Coincidence? I think not. This is the third time it's happened now.
You can see from the chart above we failed to break retracement levels.
Chainlink Fractal
What you are currently seeing above is REAL, it is happening. I thought about this possibly happening when I was actively trading this fractal back in 2023.
This is the Chainlink fractal from last cycle overlaid to this current cycle.
I traded this fractal back in 2023 and when I overlaid and saw that the Covid crash lined up with my Fib time, I thought, is it possible we get a crash in August 2024?
I was going over this possibility in 2023! Mind-blowing. If the fractal plays out, that means that the bottom is basically in for LINK and the bull market starts now, with a top in September 2025. Anyways, I will post a different TA on LINK.
The Million Dollar Question
Is the double bottom in or not? I have wrestled with this question for months, over a year maybe. While all other analysts and everyone else is convinced that the double bottom is in, I have never been 100% sold on it.
What do I mean? Well, since the first Bitcoin cycle, we have formed a double bottom before the bull market starts.
As you can see, we always form a double bottom. If we repeat history, that means that Bitcoin will retest the 20k area.
Everyone is convinced that this is the double bottom, but I have never been sold on this theory, especially when we have a CME GAP at 21k!
Mayer Multiple Bands
We can see that the last band is at 26k. For now, the worst case would be that price point.
USDT Dominance Chart
I was watching this closely. We were forming an ascending channel for a while. Bullish for USDT dominance means bad for the market. What is interesting is that we hit the same level in March 2022.
Very interesting.
Hash Ribbon First Failure?
Will the hash ribbon fail completely this time? Last time it fired off a buy signal, it dumped 17% before going on a massive multi-month rally. We are currently down 29% since its buy.
Fear and Greed
Conclusion
"IF" we even get a bull market, it will most likely start in 2025.
We need to get interest rates under 2.5% at least. We have never had a bull market with rates so high. First cycle: 0%, second: 0.5-2.5%, and third cycle: 0%.
Ethereum 2nd Test on our demand zoneEthereum decided not to continue with the trend but to conduct a second test before the rally. This pattern is very natural when the market breaks a channel and seeks equilibrium points in demand zones.
Our plan remains in place. Remember that markets need to make pauses or retests before taking action. Additionally, we must consider that markets, in general, have been bearish—we are in a bear market. However, the points of interest I have marked are based on historical prices and significant liquidity, so we can expect aggressive movements once the price reaches the indicated zones.
Thank you for your support, and don't fear these bear markets; on the contrary, we should average in and take advantage of the opportunities they offer us.
Regards
Fed Signals Possible Rate Cuts, but Crypto Markets Rattled
Federal Reserve officials signaled the possibility of a September rate cut during their July meeting: But crypto prices pulled back after Iran pledged it would retaliate against Israel for assassinating Hamas leader Ismail Haniyeh on Iranian soil.
Donald Trump expressed strong support for cryptocurrency at the Bitcoin Conference in Nashville: Trump pledged to set up a strategic bitcoin reserve, stop the US from selling its bitcoin, and fire SEC chair Gary Gensler if he gets re-elected.
Cantor Fitzgerald CEO Howard Lutnick announced the firm's plan to establish a Bitcoin financing business with an initial $2 billion investment: The initiative aims to provide leverage to bitcoin investors and strengthen the cryptocurrency ecosystem.
The nine US spot Ethereum ETFs saw $98.29 million in outflows on Monday, extending their negative flow streak: BlackRock’s ETHA and Fidelity FETH led the inflows, while Grayscale Ethereum Trust faced significant outflows.
The SEC is looking to amend its complaint against Binance, which could delay a court ruling on the security status of specific tokens: This move involves third-party crypto asset securities and adheres to a court directive for further proceedings.
Fed Signals Possible Rate Cuts, but Middle East Tensions Rattle Crypto Markets
Federal Reserve officials at their July meeting on Wednesday opted to keep interest rates unchanged at 5.25%-5%, after the personal consumption expenditures (PCE) price index, a key inflation measure, increased by only 0.1% in June. This brought the year-over-year rise to 2.5%, down from 2.6% in May, moving closer to the Fed’s 2% inflation target.
Federal Reserve chair Jerome Powell for the first time hinted at the possibility of cutting rates in September, saying the move is “on the table” if the US continues to make progress on inflation. That would mark the first time the Fed has cut rates in four years.
The announcement did not appear to have much impact on cryptocurrency prices. On Wednesday, hitcoin dropped about 2%, below $65,000, while ether dropped more than 1%, hovering above $3,200. The negative price action came after a New York Times report indicated that Iran will take retaliatory action against Israel after Israel assassinated Hamas leader Ismail Haniyeh in Tehran.
🪙 Topic of the Week: What Are Stablecoins?
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XRPUSDT ( BETWEEN TWO TURNING LEVEL ) ( 1H )XRPUSDT
HELLO TRADERS
Tendency , the price inside two turning level at 0.62 & 0.60 .
TURNING LEVEL (1) : the price of this level at 0.60 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.62 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 0.65 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 0.69 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 0.56, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 0.51, for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 0.61 , have two scenario , first corrective 0.62, before dropping to touch a 0.60 , then 0.56, second corrective 0.60 to reach a 0.62 , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 0.65, 0.69 .
SUPPORT LEVEL : 0.56 , 0.51 .
Trading Signal For XRPUSDT Trading Setup:
There is a Trading Signal to Buy in XRPUSDT XRP (h4)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.5220
⭕️SL @ 0.4835
🔵TP1 @ 0.6730
🔵TP2 @ 0.7480
🔵TP3 @ 0.8677
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
AIOZ READY FOR NEW INCREASE VOLUMEDepending on our last study, AIOZ showing an interesting trend, which will allow this coin to have a break in the coming time.
We will follow the coming in the coming time frame for confirmation.
The coin will have at last the first 24H follow since the trend can show a new increase in volume.
The high reason for the choice of this coin is that a trend is about to get activated on the 1H view which ends the breakdown trend since 21 May 2024.
UXLINK/USDT NEW INCREASE VOLUMEThe last data shows that UXLINK/USDT has a good chance to create a new volume in the coming time frames, we will follow up to see if this coin is able to have confirmation in the coming time frames.
UXLINK/USD has a history of breakdown trends, we will follow the coin to see if this is the reversal trend.
Trading Signal For WAXPUSDT WAX Trading Setup:
There is a Trading Signal to Buy in WAXPUSDT WAX (D1) (Spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0364
⭕️SL @ 0.0255 (-41%)
🔵TP1 @ 0.0707 (+60%)
🔵TP2 @ 0.0949 (+116%)
🔵TP3 @ 0.1295 (+195%)
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
DOGECOIN ( IN THE SENSITIVE AREA ) (4H)DOGECOIN
HELLO TRADERS
Market Performance :
- Volatility: Like most cryptocurrencies, Dogecoin is highly volatile. Its price can fluctuate significantly based on market sentiment, social media trends, and endorsements.
- Market Cap: Despite its origins as a joke, Dogecoin has a substantial market cap and is one of the top cryptocurrencies by market capitalization.
Tendency , the price inside sensitive area between 0.13 & 0.12 .
TURNING LEVEL (1) : the price of this level at 0.13 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.12 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 0.14 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 0.16 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 0.11, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 0.09 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 0.12 , have two scenario , first corrective 0.13, before dropping to touch a o.12 , then 0.11 , second corrective 0.12 to reach a 0.13 , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 0.13 , 0.16 ,
SUPPORT LEVEL : 0.11 , 0.09 .
Trading Signal For RUNEUSDT Trading Setup:
A Trading Signal is seen in the RUNEUSDT THORChain (4h) (futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 4.600
⭕️SL @ 4.185
🔵TP1 @ 6.000
🔵TP2 @ 7.350
🔵TP3 @ 9.535
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Trading Signal For BTCUSDT Bitcoin Trading Setup:
There is a Trading Signal to Buy in EBTCUSDT Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 60420.0
⭕️SL @ 58255.0
🔵TP1 @ 68804.0
🔵TP2 @ 73500.0
🔵TP3 @ 80000.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
BITCOIN ( TRADING INSIDE DESCENDING CHANNEL ) (4H)BINANCE:BTCUSDT.P
HELLO TRADERS
Tendency , the price inside two turning level at 65,475 & 63,714 .
TURNING LEVEL (1) : the price of this level at 65,475 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 63,714 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 68,149 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 71,671 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 60,758 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 56,890 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 63,994 , have two scenario , first corrective 65,475 , before dropping to touch a 63,714 , then 60,758, second corrective 63,714 to reach a 65,475 , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 68,149, 71,671.
SUPPORT LEVEL : 60,758 , 56,890 .
ETH to drop in the next 24 hours - bearish trend Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days.
The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust, AMEX:ETHE , which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, CRYPTOCAP:ETH , which has seen inflows of $119 million over the past three days.
BlackRock’s ETF, NASDAQ:ETHA , leads the inflow ranking with $355 million in inflows over the past three days.
The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market.
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SOLANA Pattern FormationBased on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin is now forming a bearish flag, which IMO is a strong indicator for a potential bull run
Let us wait for the price to test the resistance zone so that we can have a clear entry position.
Trading Signal For Gold XAUUSDTrading Setup:
A Trading Signal is seen in the Gold XAUUSD h1
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 2415.8
⭕️SL @ 2398.2
🔵TP1 @ 2464.4
🔵TP2 @ 2483.4
🔵TP3 @ 2524.3
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Bitcoin and altcoins overview(Jule 24-25)We made another attempt to resume purchases on Bitcoin , but it was unsuccessful. Currently, we are below the volume zone, so locally we expect movement to the next sales zone located lower.
Globally, the scenario has not changed, we expect a test of the sales zones above: $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
Purchase zones: $65,000-$63,400 (accumulated volumes), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volumes zone), $55,000-$53,900 (volume anomalies zone).
Interesting altcoins.
For the DAR coin, we have a strong buyer volume zone at $0.175-$0.165, from which it is logical to expect a resumption of purchases.
For STMX , we also expect the upward movement to continue from the local volume zone $0.0068-$0.0066
BTC 24-hour upside potential; downside over the 7-day horizonBitcoin reached a five-week high over the weekend supported by hopes of a Republican victory in November. These were slightly dashed on Sunday when the Democratic presidential candidate Joe Biden dropped out of the race, increasing the chances of a Democratic victory. A Republican victory is seen as much more favorable for the cryptosphere.
The SEC has extended its deadline for comments on the potential listing and trading of options on trusts or ETFs holding Bitcoin to between Sept 21 and Nov 20, the US regulator said.
The price of Bitcoin dropped 1.4 percent to $66,838 over the past 24 hours, Trading View’s Bitcoin chart shows. ATTMO forecasts a sunny day ahead for Bitcoin, indicating a potential upside, yet, drizzle within 3 days, extending to the next week, which could announce a bearish trend and downside for the biggest crypto.
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