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USOIL back to the 85? 🦐After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will move on the 4h chart to check for a nice entry according to the Plancton's strategy rules.
TVC:USOIL
by InkyGrip
6
29.4K must be touchedMorning folks, No big changes so far. We do not see yet the crash of bullish context. Since our major 29.4K target has not been completed yet - we could take position that could lead us there. Today we consider intraday 27.2K area as potential entry. Once major target will be hit - we need to see in what manner this will happen. If BTC will hold above 30K we could consider 35-38K as a next target. If instead, this will be just short-term spike with fast return and drop down - bearish reversal will have more chances to happen... But for now - 29.4-30K...
COINBASE:BTCUSD
by Sive-Morten
BTC - Short-Term Correction Started ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on H4: Left Chart As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range. Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups. UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000 📌 on M30: Right Chart The bears took over already short-term by breaking below our last low in red. Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
Uncomfortable place to buyMorning folks, So, Monday's trading plan is done more or less positive as BTC comes to upper border of consolidation. Now, we have a bit tricky situation. Bullish context is still valid here but price stands at weekly resistance area, forming daily bearish divergence and showing minor bearish wash&rinse, here, on 4H chart. So, it is not very comfortable to buy. We see two possible solutions for that. First is - repeat Monday trading plan, i.e. wait for pullback in bottom half of consolidation and see what will happen, look for buying chances, (say, if "222" Buy will be formed). Second - use Stop "Buy" order above W&R top. In this case you automatically step in once BTC starts breaking consolidation upside. Use not too extended upside target - 29.20-30K as max.
COINBASE:BTCUSD
by Sive-Morten
Bitcoin ranges By looking at the chart it's quite clear that BTC has 2 very distinct and important ranges. The blue range between 15.3k & 25.2k has been our home for the past 9 months, by splitting this range up into quarters on the 1d chart you can see that price on many occasions respects these given levels. The orange range is where we are now, we've broken up past the 25.2k range high and have now entered a range of 25.2k & 32.4k. These prices were set between may and June of 2022 while price was extremely bearish. As the chart suggest price is respecting the quarters of this range already and if we assume they will continue to do so this could be an efficient strategy for swing trading between quarterly limits. The price ranges of these given segments are show to the left of the chart, this emphasises the need for risk management in a bear market and it's a lesson a lot of traders including myself learn the hard way. By holding onto BTC while it drops from 25.2k to 15.3k you would lose 39% of your investment, for that to break even again BTC needs to increase by 64%, it's something that a lot of people don't take into account so just a little reminder to some beginners. A lot of people have positioned themselves waiting for a retest of the 25.2k area to ensure that we have entered a new range. I do think it's possible however the market rarely does what the masses expect.
INDEX:BTCUSD
by ProR35
2
29K resistance comes in play Morning folks, So, market still stands in the same place where we've left it last time, LOL. Deeper downside pullback to ~25.5K area that we have discussed has not happened and market is coiling above nearest 3/8 support area. This could be treated as short-term bullish sign. Besides, last session we've got bullish grabber on daily chart. Here we also see signs of bullish dynamic pressure, where MACD is down, while price action is not. Put it together, we suggest minor upside continuation, somewhere to 29.2-29.3K area, because upside H&S target has to be done. Once this will happen - the strong weekly/monthly resistance of 28-29K will come in play. So, currently we do not consider taking any long term bullish positions. Only short-term, with mentioned target.
COINBASE:BTCUSD
by Sive-Morten
3
AUDJPY I Safer to wait for the short 🎯Welcome back! Let me know your thoughts in the comments! ** AUDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
10
NAS100 I It will retest weekly level and fall short-termWelcome back! Let me know your thoughts in the comments! ** NAS100 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
BLACKBULL:NAS100Short
by BKTradingAcademy
USOIL on a range 🦐USOIL on the daily chart is moving froma few weeks within a range between an important support and a resistance around the 82 level. The market tested a few times the upper and the lower level of the box and no break happened yet. In these cases we have 2 possible options: Trade within the range and take long orders at the bottom and short ones at the top or either be patient and wait for a clear break of the range. In this second case we could wait for a break of the support area and look for a nice short order according to the Plancton's strategy rules.
TVC:USOIL
by InkyGrip
8
25-25.5K for long entryMorning folks, We still doubt on upside BTC perspectives in long term, suggesting 35K as maximum upside potential. The common sense tells that Fed has started the banking crisis not to make crypto investors happy. They will grab all cash back, as they need it for Bond market and budget deficit close. Still, in short-term we're going with our H&S pattern and keep the same target of 29.3K. Since market is overbought now, we consider minor pullback, hopefully to 25-25.5K to consider long entry.
COINBASE:BTCUSD
by Sive-Morten
1
Still not making 100$ a day trading?I have noticed that one of the most searched topics in the industry relates to strategies on how to win a steady income over a limited period - How to make 100$ a day or 10.000$ a month. Everywhere you look someone tries to sell some fortune cookie strategy that will make you a sure gain over a certain period. So why do new traders frequently look for the same approach? Is it because they want to exchange the time spent on a 9 to 5 job with a time in the markets with a sure, steady income? I can’t tell, but the mindset is similar. Trading and long-term investing call for another attitude because here you don’t exchange time for money. You are not logged into markets for 4 hours and effortlessly earn yourself some dollars. Some days you win more than you have expected but in some minutes could wipe out your portfolio. What I am trying to say is that you should never consider the markets as a sure deal for exchanging time over money. Also, if you still struggle to find a flawless strategy by looking at the best technical analysis or hit rate system maybe you should reevaluate your approach. The reason one looks for a sure deal is deeply ingrained in our self-protection mechanism. First, there is this fear of getting hurt by losing a position, which each of every one of us experiences, so our mind seeks to overcome this anxiety by looking for a certain, no-risk deal. This straight line of flawless strategy can save us from being exposed to dangerous circumstances. At the first level of understanding, you search for these plans of trading, just to protect yourself from suffering. But to win, one needs guts. As the saying – No guts, no glory. Also, trading setups offer you another kind of gain which is based on momentums, that can occur under a certain period. There can be days, maybe weeks, or even months with slow trading moves and barely any opportunities, but that should not leave you defeated. Because in many situations, the honor goes to the person who is the most patient. So don’t get discouraged about not winning every day.
COINBASE:BTCUSD
by TheSimpleThinking