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BTC Movement in Daily Timeframe Can Touch 47K !!!This is my first idea in trading view 4/22/2022 after 24Day price reduction I think we should have another pump to 47K before that we able to touch 35K !!! as you can see technically price after losing 43K ,now Price can break out long channel (Blue Channel) that made in 22Jan2022 to 35K easily. we have another big Dynamic resistance (Shown with red color ) in 40K after break 40K price can touch 47K again . 👾News Channel👾 : @purpleEx 👾Music Channel👾 : @Prpltime 👾 VIP Channel 👾 : @PexVIP
by Younesghaderi
2
NZDUSD test the 0.618 🦐NZDUSD on the 4h chart after our previous analysis reached the support area at the 0.618 Fibonacci level. The price from there bounces over the support and is now trading below a minor resistance near to the 0.5 Fibonacci area. How can i approach this scenario? I will wait for the EU market open and if the market will break above the structure i will be looking 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
2
keep going with 38K pullbackMorning folks, So, this is mostly the update to the previous idea, as market confirms our plan and is forming reverse H&S pattern around 4H 5/8 Fib support. The butterfly that we've discussed last time, has become the part of the H&S, as we've suggested. Thus, market finally gives the pattern that bulls could follow. This is at least something. Personally I like extended pattern and better to stick with H&S and will be waiting for the drop to 5/8 support and right arm's bottom. Just because it gives best risk/reward combination and least risk. At the same time market is forming multiple patterns on 4H chart, that could trigger immediate upward action. That's why the possible compromise is to take small position now and add the bulk in a case of our primary scenario with H&S. H&S failure suggests downside continuation and the end of the upside bounce. H&S target is AB-CD based on the head and the shoulder. Now it seems it stands around next resistance area around 44K
COINBASE:BTCUSD
by Sive-Morten
1
GBPJPY looking up 🦐 -UPDATE-GBPJPY after our previous analysis broke the confluence area and carry on the bull run to the upside. The price has now reached a minor resistance and retested the 0.5 Fibonacci level. How can we approach this scenario? We will wait for a break of the structure and in that case, we will consider 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
6
GBPUSD on a double bottom 🦐GBPUSD on the 4h chart created a double bottom over a support area. The price bounced over the area and tested the upper trendline of a descending channel and then retrace at the 0.618 Fibonacci level. How can i approach this scenario? I will wait for a potential move to the upside and a break above the structure at the 0.382 level, in that case, i will consider 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
4
38K could trigger minor tactical bounceMorning guys, So, as we've said last time - nothing has changed in our long-term view. We still think that background is not ready for long term investing in BTC. And now we see growing chances that our long-term target around 26K area will be achieved. We do not know, whether downside action stops at 26K, but at least, this area is worthy of consideration as very strong support, including all time 5/8 Fib level, daily AB-CD target and Yearly Pivot support 1. In short-term market stands around intraday 5/8 support level. Last time we said, that tactical bounce is possible, but as overall background is not friendly for the bulls - we have to wait for clear bullish pattern, because it could safe a lot of money, letting to place tight stop. On Thursday there was no suitable context for long entry. Now, with downside drop it is possible to keep an eye on 1.618 butterfly that could start from 38K. Currently price has completed 1.27 target, but since drop was relatively fast, it makes sense to wait for the next, 1.618 one. Second chance might be, if potential butterfly later becomes the part of reverse H&S pattern. IT happens very often. These are two tactical bullish scenarios to keep an eye on. And it would be better to not anticipate patterns, take position "by fact" when patterns are in place. Second - do not merry this position, take nearest upside target, because overall environment remains bearish, and the pullback will be only tactical (if it happens at all).
COINBASE:BTCUSD
by Sive-Morten
3
EURCAD Rejective Support Temporary Buy Welcome back! Here's an analysis of this pair! **EURCAD - the pair is bearish and currently rejecting previous daily support. We expect a temporary move higher to 3700 zone and possibly 3755. 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! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
EURGBP can move lower? 🦐EURGBP on the 4h chart is trading within an ascending channel. The price after the test of the historical string support provided a false breakout of the 0.8300 level and retraced to the upside. With a test of the 0.8500 weekly resistance the market moved to the descending trendline of a weekly channel and is now moving lower. How can i approach this scenario? I will wait for the EU market open and if the price will break below 2 support areas i will check 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