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64-64.5K areaMorning folks, Recent Fed meeting results have made impact on short-term BTC performance as well. Although our major bullish context based on daily reverse H&S pattern remains valid, BTC could try to move slightly lower. So, the right shoulder on daily chart will be more harmonic to the left one. In general, until BTC stands above 61K - H&S pattern will remain valid. Meantime, on 4H chart we've got bearish engulfing pattern that has a target around 64-64.5K area. We will se how it works and then return back to idea of long entry with major daily bullish pattern. Today I market setup as "bearish" because it relates to intraday action.
COINBASE:BTCUSDShort
by Sive-Morten
1
SasanSeifi 💁‍♂ Daily Analysis with Key Support Zones🔻 Hey there, Let's take a look at the daily timeframe of BINANCE:FILUSDT . As you can see, the price has been on a downtrend since the $11 zone. Currently, after some minor fluctuations, it has been rejected from the 200 EMA and is trading around $5.50. The price is more likely to move downwards. If it consolidates below $5.35, we can expect a further correction toward the SELL SIDE LIQUIDITY and the $4 demand zone. Key support levels are $4 and $3.50. There is a higher probability of a positive reaction from the $4 demand zone. In case of a correction, we need to see how the price reacts. The potential trend is also highlighted in the chart above. Additionally, if the $4 zone breaks down, the $3.50 correction target can be considered. Remember, this is just my personal analysis, not financial advice. Do your own research and make informed decisions. Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Short
by SasanSeifi
SasanSeifi 💁‍♂ Daily Price Analysis (ADA)Hi there!✌ As can be seen on the daily timeframe, the price has been on a downtrend from the 0.80 cent range. Following the breakdown of the 0.45 low, the price has experienced positive volatility within the liquidity range. Subsequently, after reacting to the 200 EMA range, it has once again faced correction due to the failure to establish above the 0.50 cent range and the EMA. Further correction to the 0.38 cent demand zone and the 0.30 cent zone can be considered. The probable trend is also indicated in the figure above. After ranging and positive fluctuations, we are expected to see a further correction to the demand zone and the BULLISH BB. Then, we can expect a ranging trend and a positive reaction from the demand zone. In case of positive fluctuations, to better understand the continuation of the price movement, it should be observed how the price will react to the important 0.50 cent range to better understand the continuation of the price movement. The 0.50 cent range is a significant resistance level. In addition, Expect ranging with potential for further correction followed by a bounce off the demand zone. The key resistance is 0.50 cents. A breakout above 0.50 cents and the 200 EMA could signal growth to 0.55/0.60 cents. Please note that this is not financial advice and should not be taken as such. Always research and consult with a financial advisor before making investment decisions. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
by SasanSeifi
EU D Buy Idea 5/18/24Overall price is still bearish on the monthly and weekly, EU appears to be making a run to go bullish for a bit. Price has currently broken the Daily High from 4/8/24 BUT is bumping against a bearish weekly trendline. The Daily has made a nice impulse and is more than likely finishing up a correction to go into a bullish continuation. Price is a good 88 pips from the last daily high. So I'd look for price to final TP around 1.11050. If I had been trading EU last week, based on my confirmations, I'd currently already be in buys, so that leads me to believe that there is still some more bullish movement to be had in the upcoming week. However, if the correction continues bearish I'd look for price to run to somewhere around 1.08643 with a final TP around. 1.08591. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Long
by cecedidit
The yen continues to weaken as BoJ keeps rates unchangedThe BoJ came out this morning saying they will keep the rates unchanged. The market took that as a negative and we are seeing weakness in the yen across the board against all its major counterparts. Also, the weakness of the Japanese currency might continue, as long as indices are rising. #usdjpy EASYMARKETS:USDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
2 reasons for gold to reverse, 2 for continuing droppingReason 1 for bullish is, course picked up volume and reverses at daily floor. Secondly RSI in H4 is showing convergence, it could drop further along the floor and then take a turn around. Reasons to continue are first of all the liquidity gap below our range: As Gold had reached an all time high few weeks ago, it could look towards consolidating in a lower daily channel. Furthermore, momentum is incredibly strong at an Asian Market hour where less people are aware of the big moves happening. Another reason could be that all contracts from before were skipped in order to reach a lower range. As long as I do not see clear reversal structure in H1 I would keep looking out for shorts, as those have a higher probability to reach maximum distance. If course reaches below 2080 with candle close in a significant time frame, I am expecting further dropping towards 2011. (beware of fake outs)
OANDA:XAUUSD
by Heaven10
Still watching for 74.5-75K targetMorning folks, Mostly this idea is a continuation of the previous one, but there I've put too many updates already. So let's make the new one... BTC also was hurt a bit by NFP numbers on Friday but not as strong as EUR or Gold market. We suggest that it keeps bullish context valid. Besides, we've got bullish grabber on Friday as well. Our nearest upside target remains the same - around 74.5-75K area. The trades that you could make here are depend on pattern that you would like to follow and personality. Speaking about big reverse H&S - nothing has changed here. You could wait for 63-64K area where the right arm should be formed, you apply gradual accumulation of the position. Since we had bearish reversal session on Friday, market could move slightly lower and if you're aimed on the butterfly, you could wait for slightly deeper retracement. Finally the grabber - if you want to trade grabber then you need to buy right at current levels. Or you could combine it with butterfly trading as well... THey have just slightly different stop levels. So, choose your poison. :)
COINBASE:BTCUSDLong
by Sive-Morten
XU D Buy Idea 5/18/24I previously posted an idea "XU W Sell Reversal OR Sell to Buy Idea 5/4/24". Price did not sell and immediately continued bullish. Looking for price to still head to the -27% FIB area around 2555.32 for final TP from the previous trade idea. Currently in a buy with TP actually set for the -27%, while looking for another pullback on the daily to get another entry. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
FOREXCOM:XAUUSDLong
by cecedidit
74.75K seems the nearest oneMorning folks, So, as we've said, if BTC breaks 69K it should go higher. That we see now. Nearest upside target is based on the same pattern - reverse H&S that we're trading for a couple of weeks already. It stands at 74.75K But at the same time, I would like to show you this one - reverse H&S on top. If we see that BTC starts falling fast, it could be not the signal of reversal but the forming of the right arm. Just be prepared to this scenario if BTC starts showing fast downside action. For primary scenario (direct upward action to 74.75) we consider two support levels, where long entry might be interesting - 68K and 66.10K We consider no shorts by far.
COINBASE:BTCUSDLong
by Sive-Morten
AUDUSD - The long roadevening traders, looking at this trend it seems, that after the daily candle on the 23/05/2024 closed on the outside of the trendline (due to the news) that on the 24/05/24 the pair regained the strength to then push back up and the daily candle has set stone back into the trend. is this a continuation? to me personally i feel this shall carry on. i have set a target for %50 on the fib level reaching to the next resistance level. do you agree? or perhaps think differently? either way, please share your thoughts! happy trading everybody! good luck! =).
Long
by RJLfamily
2
Two targets that could change everythingMorning folks, So, our H&S starts perfect. Tactically we've missed a bit, expecting upside turn around 59.5K area, but data releases and putting down of ETH ETH perspectives have supported earlier upside reversal. Also Hong Kong is very active with opening domestic ETF's that boost BTC demand among Chinese population. Now our H&S pattern has two target. Nearest and the most important one is around 69.15K. It is vital because it directly relates to monthly bearish engulfing pattern. While next upside target with our H&S will be 74.74K. If 67-69K will be broken, then monthly bearish pattern will be erased and it will be quite bullish. That's being said, let's keep watching for 69.15K first and then for reaction around it.
COINBASE:BTCUSDLong
by Sive-Morten
CADCHF at an interesting spot. Watch out for CAD data this week!#CADCHF EASYMARKETS:CADCHF Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Litecoin (LTCUSD) Quick Video IdeaEASYMARKETS:LTCUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:LTCUSD
by easyMarkets
2
GBPAUD iin the box right now, but could be interesting later onEASYMARKETS:GBPAUD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Will EURCAD pop higher?EURCAD EASYMARKETS:EURCAD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
We need to check 59-59.5K areaMorning folks, So, everything is going with the plan by far. Market has reached ~60K area where potential right arm of our 4H reverse H&S pattern should stay. But here is a minor tricky thing. Overall performance doesn't look bullish by far. On 1H chart it even looks bearish. We have downside acceleration and uncompleted XOP target that makes an Agreement with 59.5K Fib support level. Let's treat it as the support of last resort for the short-term trading setup. So, keep it short, there are to options. If you scare to miss the trade, you could try to take long position right now but at the same time place stop below 59K or even better below 58.3K area. Conversely, conservative approach tells that it makes sense to wait when&if BTC hits 59K support area and then see what will happen. Personally I like the 2nd way more. Besides, we could totally escape possible collapse if it will happen and BTC will just break 59K support area down...
COINBASE:BTCUSD
by Sive-Morten
Watching for reversal signsMorning everybody, So, the first step of our trading plan is done - market is around 61K, which is intraday strong support area. It is preferable if upside action starts from here, although downside continuation to next support and XOP target will not become a tragedy yet, but will be looking worse with lower chances on success. Now we need to watch for small bullish patterns around this area. Once and If we get it - we could consider long entry. Our nearest upside target is around 67K
COINBASE:BTCUSDLong
by Sive-Morten
First - watching for 62K, then 67KMorning folks, So, everything goes with the plan, although the upside bounce that we've discussed is stronger than we thought. It means that bearish long-term patterns are still valid, say on monthly chart, we do not consider short entry right now. Vice versa, there are a few bullish patterns might be formed intraday. First is reverse H&S with 67K neckline, second is, the same on 1H chart. Thus, if we get lucky and the pullback to ~ 62K area prior BTC hits 67K , we could consider long entry. Otherwise, wait when BTC hits 67K neckline and wait when the right arm will be formed, as usual.
COINBASE:BTCUSDLong
by Sive-Morten
50.2-52K mid term targetMorning guys, So it seems we've correctly reversed our position down from 62K area. Today we increase the scale a bit and take a look at daily chart. Indeed BTC has broken triangle down as we've suggested. But it is more important that it also has broken K-support level and only oversold stops the downside continuation. This makes us to consider next downside target as 50.5-52K where next strong support stands. But before that BTC could show tactical bounce up to 60.5 area because of oversold, and maybe re-test broken triangle line. I'll anyway mark this update as "bearish" although first we could get the upside bounce... Profit to everybody, All the best...
COINBASE:BTCUSDShort
by Sive-Morten
Bitcoin Cash (BCHUSD) Quick Video IdeaEASYMARKETS:BCHUSD Bitcoin Cash Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BCHUSD
by easyMarkets
1
H&S is failingToday guys, update is very short. This is the only picture that we need for now, although we cold find more bearish signs on higher time frames as well. Despite that BTC has tried to show couple of pullbacks up from our 62-62.5K area - reverse H&S has not been formed. Other words, market was not able to confirm bullish reversal and other bullish patterns that we have. It means only one thing - inability to do this and that we have bearish context instead. As nearest target we suggest re-testing of recent 59K lows. Potentially bearish consequences could be more heavy.
COINBASE:BTCUSDShort
by Sive-Morten