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GOLD can move higher? 🦐XAUUSD on the daily chart after the test of the daily resistanceretraced exactly at our beloved 0.618. The market is now testing the 0.382 Fibonacci level and we can expect some further bullish move after the EU market open. How can i approach this scenario? If the price will break above the 0.382 resistance level i will look for a nice long order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
4
ETH daily status; No bullish move expectedPrice zone $1700 - $1750 is a daily resistance area and I'm waiting to inspect the price action in its lower timeframes after touch. I think it looks more like a potential rejection. Potential important levels are been highlighted in the chart. DO YOUR OWN ANALYSIS. DO NOT FORGET MONEY MANAGEMENT. Things you might like: - Trend Key Points Indicator have been used to draw important key levels and key points. - 🔥 Strong Trading Strategy, Do not trust all the pin bars - You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.
Short
by bhnmzm
CHFJPY - My Trading Plan in a picture!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart CHFJPY is retesting the previous daily highs so we will be looking for sell setups. Knowing that CHFJPY can still trade higher and break the zone upward. That's why we don't sell blindly, we always zoom in to lower timeframes and look for the bears to take over. on H1: Right Chart CHFJPY is forming a channel in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing. Trigger => waiting for that third swing to form and then sell after a momentum candle close below it. Meanwhile, until the sell is activated, CHFJPY can still trade higher. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
12
25.2-25.5K seems interesting for new short positionMorning folks, BTC goes with our long-term fundamental view and those who read our monthly reports knows about it since December 2021 when we've warned against long-term investments in BTC. This week end we have taken in-depth view on the US stock market that shows bad perspectives and BTC as usual is becoming a storm crower, with 600 Mln+ positions were liquidated just on Friday... In short-term it seems that 25.2-25.4 resistance area might be interesting to consider another short position. Right now we do not consider any longs by far.
COINBASE:BTCUSD
by Sive-Morten
22-22.4K bounce up to 24-24.4 Morning folks, So, longer-term perspective remains bearish by far as Fed minutes recently tells that tightening effect yet to come on the market, unemployment should start rising in II H of 2022 and Fed stands on the course of 0.5-0.75% rate change in September. In general this sounds hawkish enough. The pullback from daily resistance that we've discussed last time has started accurately. But now market is coming to 22-22.4K support and if you still hold the short position - you have to decide how to manage it. WE suggest that downside action is not over yet, and in mid term it should continue to major ~20K area support. But in short-term it could be interrupted by the pullback to form larger bearish pattern - H&S on 1H chart. It means that starting from 22-22.4K area BTC could turn to form right arm top around 24-24.4K. This will be 2nd chance for short entry. Bulls in turn, could consider scalp long trade if reversal patterns will be formed around neckline and support area.
COINBASE:BTCUSD
by Sive-Morten
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,177, if the support breaks down, the next support is $ 22,903 and $ 22,681. Now let's move from the resistance line as you can see the first resistance is $ 23,695, if you can break it the next resistance will be $ 23,942, $ 24,133 and $ 24,326. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy and the MACD indicator shows a downward trend.
by cryptodailyuk
5
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,945, if the support breaks down, the next support is $ 23,754, $ 23,578 and $ 23,422. Now let's move from the resistance line as you can see the first resistance is $ 24,258, if you can break it the next resistance will be $ 24,493, $ 24,690 and $ 24,882. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy and the MACD indicator shows a local downward trend.
by cryptodailyuk
1
Tactical bearish setup is readyMorning folks, Our long term view stands intact - we do not exclude action up to 30K or even to 36K resistance within 6-9 months due changes in fundamental background - starting QE activity from the Fed and massive US government programmes up to $1 Trln. This should flow more liquidity on the markets. This is the way how Democrats would like to create the visuality of success, prosperity before November elections... In short-term our XOP on 4H mostly is done, as well as butterfly. Thus, bears could think about position taking with initial stops above daily K-resistance of 26.35K. But this is tactical pullback by far. Do not merry the position, and better to focus on the lower border of daily channel, as the target by far.
COINBASE:BTCUSD
by Sive-Morten
GBPUSD for a new test of the 1.23 🦐GBPUSD on the 4h chart after the recent lows retraced at the 0.5 Fib level below an important resistance. The market is moving between the 0.5 and the 0.382 level. How can i approach this scenario? I will wait for the EU market open and IF the price will break above we will check the opportunity for a nice short order according to the Plancton's strategy rules. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
Next target is 25.5-26.2KMorning guys, As we've said few weeks ago - the Fed strategy is changing and we take off the table 9K and 12K target for at least 6-9 months, when BTC could feel pretty nice. Recent CPI data also should have long lasting effect, letting Fed to act with more freedom and not as aggressively, which is inspired stocks and crypto markets. As NFP report as CPI data supports our short-term scenario with 25.5-26.2K targets. It could be finalized by butterfly on 4H chart. Once it will be completed - bears could consider short-term position taking with stops above 26.2K resistance on daily chart, while bulls just need to wait for the pullback out of the same area to consider position taking once pullback will be over.
COINBASE:BTCUSD
by Sive-Morten
Short-term context is bullishMorning folks, So, upside action has started accurately once the butterfly and XOP target have been completed, based on our previous update. BTC feels safe on the background of recent Fed money market activity. Last week was injected about $25 Bln, so should be no problems from this side. The only risk factor this week is CPI on Wed. As we've said recently - we do not consider the new shorts by far. On 1H chart market is going with the reverse H&S pattern. If you have missed both chances to buy - as on our previous update, as later, when H&S was formed, now the chance could come after OP target completion. Since we have major target around 25.3-26.2 area, the XOP target here, which is around 24.6K also should be completed, right? Thus, if BTC will show any pullback once OP is done - this could be the chance for long entry. It is vital that price remains above the neckline. Thus, support area around 23.3-23.5K looks OK to consider long entry.
COINBASE:BTCUSD
by Sive-Morten
EURUSD can move higher? 🦐EURUSD on the daily chart after the recent low started a retracement move to the upside. The market reached the 1.02500 level and start a range between the resistance and the 0.5 fib level. Currently the price is testing the upside resistance and further bullish move can be expected with the vs US pair gaining strength. How can I approach this scenario? I will wait for the break above and in that case I will look for a nice long order according to the Plancton's strategy rules –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
3
NZDJPY on a bearish move? 🦐NZDJPY on the daily chart is currently testing the weekly support after a few rejections by the strong descending trendline at the highs. The market right bounce today to the upside to gain the strength for a break below. How can i approach this scenario? I will wait for a potential break of the support area and in that case i will look for a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
16
22-22.4K is potential reversal areaMorning folks, As Fed has chosen money printing strategy we postone scenario with downside collapse to 9-12K area for 6-9 months. Now, additional liquidity flow should stabilize as stocks as BTC market, and even let him to rise a bit. In short-term we consider the same 21.95-22.25K support area on 4H chart as then one, where BTC potentially could turn up again and keep moving to our 25.5-26.2K target. But the shape of reversal might be different, although it has minor value to the overall scenario. Personally, I like this one - if price finally completes our XOP target here and finalizes it by butterfly. But it is no problem to buy right now and not to wait for butterfly, if you able to place stop below 21.9K area. We do not consider taking short positions by far.
COINBASE:BTCUSD
by Sive-Morten
3
AUDUSD looking up 🦐AUDUSD on the 4h chart after a downtrend that started from the 0.7600 level reached the weekly support at the 0.67500 area and bounced over it. The market after a couple of attempts to break the support area started a retracement to the upside and broke the 0.68500 zone. How can i approach this scenario? I will wait fro a clear break of the 0.7000 resistance and in that case i will look for a nice long entry according to the Plancton's strategy rules. ––––– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
Fundamental background has changedMorning everybody, Under negative GDP numbers and Fed trash talks, there are few who signed a shift in fundamental background. US government and Fed are defeated by inflation and turn back to QE(as well as ECB). Fed fails to keep QT pace, buying less bonds that it has promised. In fact, with spending money from US Treasury deposit - there was no tightening but easing for $250 Bln since the start of the year. Now, new J. Biden programmes on semiconductors and climate should pump additional $1Trln. All of them sooner rather than later go to the markets. As a result, in nearest 6-8 months we should see the visuality of prosperity when stocks and BTC will stop falling and US yields will stop rising. But this is temporal relief. Inflation remains and will keep going higher, to 20%. Collapse is postponed but it is not cancelled, and will happen anyway. Still, in short-term, BTC easily could re-test 28-32K area within few months. We keep our long-term 9K and 12K targets, but its reaching aso postpones. Now we do not consider taking new strategic bearish positions. In short-term it seems that 22-22.3K area and 20.3K area are interesting to consider long entry, with invalidation point below 20K. We endure daily upside channel with next upside target around 25.5K and 26-26.2K major daily resistasnce.
COINBASE:BTCUSD
by Sive-Morten