Demand Zone
BTC - Top-Down Analysis 📹 Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
How to identify high quality Supply and Demand zonesSupply and demand zones are powerful tools to find high probability trades. If they are used in the correct context they offer a high win rate and a very controled risk. These are some of the characteristics that high quality zones have:
•When a good zone is being created in real time you will watch that price pushes down/up with aggressive price action and follow through after the basing candle. Heavy volume on the development and candle closing at its highs are also good indicators.
•A high quality supply/demand zone is the one that creates new lows/highs. That means that it was able to push below/above the prior low/high.
•In short time frames, shorter than 1 hour, you would probably find good supply and demand zones to have a continuation of the trend. For example, if a Future is in an uptrend pay attention to the demands that are created in that trend and then when price pulls back to it look at the price action in the zone. Have in mind that in uptrends, demand zones are reliable and supply zones have a much lower probability of working. The opposite scenario happens in downtrends were supply zones are higher probability and demand zones should be avoided.
•In higher time frames, a very strong supply or demand zone could be an area for a change of structure (from an uptrend to a downtrend for example).
•A good indicator of a reliable supply/demand zone is when price pulls back to it and the candle has a strong rejection as it touches the zone, meaning an upper/lower wick is created below/above the zone. volume is developing with no follow through (orders hitting strong ask/bid in the tape) and the candle does not close inside the zone.
•Speed heading into the zone is also relevant, a high speed drop heading in to a demand zone is a good area to trap late sellers.
•If for example FX:EURUSD has a demand zone and TVC:DXY has a supply zone or a resistance level and both are having retracements from their trend, that could be a good opportunity to go long and also if price action gives an extra confirmation. This means that confluence is key for a high probability trade when using supply and demand zones.
• Use the concept of relative strength/weakness when using confluence with other charts.
Example: A 2 hour demand zone in Brent Futures $NYMEX:BZ1!. Notice how the red candle that reaches the zone is a strong one with higher volume and is not able to close inside the zone, It prints a lower wick and closes above it giving the demand zone a good price action confirmation.
CMSB rebound soon?CMSB
After this few days of minor crash on penny stock, CMSB also been affected.
It also been affected by the news of Norges Bank ceased to be substantial share holder on 12 Jan 2024. However, personally I think it will not affect the fundamental of the company.
Technical wise, it as mentioned earlier, RM1.18 is a key resistant level that had been tested 4 times since Apr 2023.
The last really in the 1st week of Jan 2024 was the 4th attempt to test this level and follow with the major correction.
Today, 3rd trading week of 2024, the price been supported the strong support level (RM1.02- 1.05).
If next week, the price rebound stronger back and supported by stronger that to be released on end Feb, that's good chance to break RM1.18.
If it continue the short term down trend to break below RM1.02 then need to be careful and prepare to take loss.
HOW TO IDENTIFY STOPLOSS HUNTER AND TAKE PART ON IT - SETUP - HI BIG PLAYERS!
Today I want give you smart WAY to take part on stoploss hunters. I know everyone of us hate it to be stopped out. But to be honest, stoploss levels means a huge volume level, that institutions use for cheap entries.
This is why I want explain how I take part on stoploss hunting. I look on 4h chart for high demand and supply zones. On touching these area we all can expect more trade exchange and more volume.
If the price bounce of this zone and break with CHOCH (change of character ) the last trend, a lot of trader try to trade early as they can and the stoploss becomes calculatable .
As soon as the old trend is resumed, but in a narrow form, so that it is almost a sideways phase, then I identify stoploss hunter. The setup looks similar like this structure:
The good news: the stoploss to the last local point is very close and Risk-Return-Ratios of 1:3 are possible.
Comments are welcome!
Best regards
NXT2017
LDOUSDT|Important areas to enter buying positionsWe have ldo currency chart in daily time frame.
In the weekly time frame, we see the formation of a triangle pattern, in the daily time frame, the neckline of the upward triangle has been broken, I have identified three support areas for you on the chart, I think that this currency is growing well, to buy this currency, These areas are good places, and the red area is the last abyss of this trade, if you reach this area, you can completely exit your position.
The initial target for the price growth is $9, if it can start the upward movement, I will put the next targets in the update.
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key Resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Gold weekly roadmapHello guys, I hope you are doing great, let's go for the weekly gold view.
Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation.
Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation.
In the first reaction to this area, it went up from the price of 2017$ to 2040$, it gave us a profit of about 230 pips. In the second reaction, collected all the liquidity at the bottom of the range and moved up 2% from there.And moved up about 450 pips.
Right now we see that it is bullish in reaction to the demand range.In smaller time frames, it is more likely that it will not react to the range ahead, so if it does not confirm, do not enter the trade.
There is a possibility that it will go up to the range of 2080. you can look for a sales position there.
This week, look for scalp positions in smaller time frames, even though gold is very bullish this week, I don't see buy positions on the chart, I only see high-risk scalp sell positions.
XRP|The possibility of starting a new BULLISH waveAfter the price reached the resistance area of 0.7154 in the form of an upward trend, we saw the return of the price, which is in the form of a descending channel.
The demand areas in the daily time have prevented the price of Ripple from falling further, which has gathered all the available liquidity in these areas in a last ditch effort to start an upward trend.
At the moment, we have to wait for the channel to break upwards, and in the return to valid support areas, we should enter into buying transactions to reach the price targets of 0.7154 and 0.8341.
xauusd|Suitable positions to enter sales transactionsHi guys, I hope you are doing great.
We don't have very important news today, so I think gold will continue its trend slowly.
The resistance zones drawn on the chart, the first one is the resistance zone in the 15m time frame and the second one is drawn in the 1h time frame, consider these two zones, after seeing the candlestick patterns and receiving confirmation, enter into sales transactions, stop The loss is placed above the area.
Targets can also be seen on the chart. I hope you use this analysis and be profitable.
Bitcoin Dominance Bearish OutlookCRYPTOCAP:BTC.D most likely will drop and we will enter altcoin season.
Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation.
The main target is around 39-40%, prepare for altcoin season.
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
KSM - Bird Set Free 🦅Hello TradingView Family / Fellow Traders,
📈 After a 100% surge, KSM has been in a correction phase trading inside the falling channel in red.
Currently KSM is approaching a robust demand zone highlighted in blue.
🏹 For the bulls to assume control again and initiate the next bullish impulse movement, a breakout above the red channel and last high in red is required.
Meanwhile, until the buy is activated, KSM can still trade lower and dive inside the demand zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GBPUSD Upward movehigh possibility that GBPUSD is going to go up higher after coming to mitigate extreme demand area, it does look like some supply came into the market, forming a doji, however could have been due to being Friday and liquidity coming out of the markets for profit and capital preservation of the large institutions.
However strong long possibilities at this point.
EURUSD bullish trade towards Daily swing highIt's been a while since I posted a trading idea on social media, thought that this would be a good example.
Daily Analysis:
Price has pulled back to a fair price which has nicely reacted from an area of demand The daily structure is bullish, this reaction could potentially be the new daily swing higher low.
H4:
Even though on the H4 we're on a downtrend, the price has strongly reacted from a D TF POI giving the 1st signs of bullish momentum and possible pull-back on the H4 TF, which could potentially be a reversal on the H4 and continuation on the D TF.
M15:
Price has BOS to the upside, changing direction in align with D TF, therefore the probability of this reversal at this POI is high.
Hope that many more posts come to mind and I can restart making my analysis on social media, to share my opinion + grow with the trading community.
GOLDEN STAR|Important demand areas for entering sales orders.Here we currently have support from which we have seen upward scalp reactions.
-One point that we should consider is that the selling pressure is more on gold at the moment. Because of this sales transactions can have a higher winning percentage.
-To enter sell orders, we should consider the supply areas around the price of 2068 and the price area of 2074, of course, with proper confirmation.
If we want to say the important areas for entering into buying transactions, the price areas of 2048 and 2033 are valid areas for buying transactions.
XAUUSD BUY & SELL Scenario Hello Friends,
Another Gold analysis , So market is currently at 2065, our immediate supply level is 2068 which market has already reacted to. Should price go up then area around 78-81 would be good for a sell and also area around 84-88.
In case dollar strengthen we should expect a drop to around 55 and 45
So as always make sure you have these levels around for a trade but add your own logic and intuition into it.
Be honorable.
EURUSD Buy opportunity.As you can see, on the 1 hour chart, the trend has been very bullish lately. However, there has been a recent pullback. We are looking for a buy opportunity on the open next Monday, as a trend continuation trade.
My reasons to believe price will keep pushing upwards are the main confluences that hint toward this move.
- Fibonacci retracement 50.00%.
- Many buyers previously interested in this region.
- Support zone/bullish OB. (on the HTF)
- Lower bearish volume.
GOLDEN STAR|At what prices should we be a MATIC buyer?In the 1h Matic timeframe, there is a critical demand area that covers a significant percentage and should be optimized in smaller timeframes. After several interactions with this area, we can observe that the upper limit has been breached, and it has taken the form of an upward trend, consisting of an upward movement, a correction, another upward movement, and currently a correction again.
I am in the price areas of 0.96, 0.95, and 0.9481 with the confirmation of the matic buyer in the one-hour time frame.
For selling transactions, I will wait until the price area of 1.06.
GOLDEN STAR|GOLD, Price return to the previous high.2090$.The four-hour time demand area has done its job well, and despite the hammer candle and BOS formation, it has started to grow from this area.
-In its movement path, the only resistance area ahead is the price range of 2070 to 2075, which is now invalidated by the closing of the 1H candle above the previous high.
-In the continuation of the movement, the supply area is no longer visible and we can see the price reaching the levels of 2085 and 2090.