10% PUMP Incoming If...Keeping an eye on $GRASS here. Once level is #reclaimed, 10% pump to next #resistance more likely.
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Deviation
BIGTIME/USDT: LOW RISK, HIGH REWARD TRADE SETUP!!Hey everyone!
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BIGTIME is showing strong potential! It’s forming a descending triangle and has created a confirmed deviation. Currently, it’s bouncing off the lower trendline of the triangle, presenting a solid buying opportunity. Consider entering here and adding more on dips.
Entry range: CMP and accumulate up to $0.106
Targets: $0.121 / $0.132 / $0.149 / $0.175 / $0.20 / $0.222
Stop Loss (SL): $0.0965
Leverage: 2x - 4x
What do you think of BIGTIME's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
FTM/USDT LTF RANGELocally, I'm considering the formation of a sideways range between the 1-hour order block (OB), with targets below for a partial and full fill of the 4-hour fair value gap (FVG) imbalance, followed by a growth reaction. If there is consolidation above the local support level (SUP), I anticipate a sweep of the upper liquidity pools, a cover of the 4-hour order block (OB), and then a downward price movement to capture the lower liquidity pools.
NFP/USDT: READY FOR AN ATH! 6X FROM HERE!!Hey everyone!
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NFP looks good here. Forming a falling wedge-like structure in the daily time frame confirms its deviation below the trendline and gets back inside the wedge which is a bullish scenario. Buy some now and add more in the dip.
Entry range:- $0.28-$0.31
Targets:- $0.43/$0.58/$0.76/$1.12/$1.44/$1.84
SL:- $0.20
What are your thoughts on NFP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
FIL/USDT READY FOR AN ATH!Hey everyone!
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FIL looks good here. Forming a bull flag-like structure in the daily time frame and confirming, it's deviation.
Also, fundamentally it is a solid coin. Buy some here and add more in red days.
Entry range:- $4.0-$4.6
Targets:- $5.2/$6.4/$8.1/$9.8
Invalidation: Daily close below $4
What are your thoughts on FIL's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
DOT/USDT: Potential Breakout from Falling Wedge?Hey everyone!
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DOT/USDT looks good in the daily time frame. Forming a falling wedge-like structure here and trying to break it out. A successful breakout will take the price to bear ATH. Buy some here and add more in the dip.
Entry zone:- $6.04-$6.48
Targets:- $7.4/$8.8/$10.5
SL:- $5.7
What are your thoughts on DOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
BTC run commencesBTCUSD has dipped of recent days after been range bound for several months.
It has seen a lot of selling pressure over the last week, while the bears have had some control. However, bears haven't been strong enough and price has failed to break through a key support level around 60,5 that has kept this rally in strong bull territory.
Mt Gox news should have given bears enough ammunition to break this level, but was stopped by bull market indicator at the 200 ema.
As long as the 200 ema holds we remain in strong bull territory and this deviation at a key support level and rejection at 200 ema confirms for me that prices want to go higher.
RSI has dipped into oversold territory, coinciding with the bounce.
Invalidation currently sits at 57,3 while we target the mid 80's with partial profits to be taken around ATH.
#BTC: Upward Trend Emerging? Breakout from Falling Wedge PatternHello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Great recovery so far! After a quick dip to $56k, Bitcoin has shown some resilience.
As you can see on the chart, the price surged above the crucial resistance level of $62k, potentially confirming a bullish reversal or deviation. Additionally, the breakout from the falling wedge pattern adds further bullish technical momentum.
Based on this pattern, we could potentially see a price increase towards the previous high of $73,400. However, it's important to note that this is just a possibility.
Invalidation of this bullish scenario: A daily close below the $62k level would weaken the current bullish momentum. ⬇️
What are your thoughts? Share your technical analysis and insights in the comments below!
YFI Huge Fakeout ! Yearn Finance (YFI) has orchestrated a strategic move, executing a feigned breakout from a descending triangle—a bullish pattern that saw a swift sweep of the $14,000 level. In this analysis, we unravel the narrative behind YFI's tactical retreat, its implications, and the anticipated journey back into accumulation.
Chart Analysis: The Intricate Dance of YFI
YFI's recent price action presents a nuanced storyline on the charts, characterized by a false breakout and a subsequent retreat into a potential accumulation zone.
Key Observations:
Feigned Breakout from Descending Triangle:
YFI exhibited a false breakout from the descending triangle, creating an illusion of bearish momentum.
The rapid sweep of the $14,000 level marked a calculated move to trigger liquidity.
Retreat into Accumulation:
Following the feigned breakout, YFI is retracing back into what appears to be an accumulation zone.
Accumulation zones are often strategic areas where institutions and savvy traders gather positions.
Critical Levels: YFI's Recharge at $14,000
Strategic Retreat and Accumulation:
The retreat from the false breakout aims to accumulate positions at a key level.
$14,000 emerges as a critical zone for replenishing liquidity and preparing for the next move.
Potential Scenarios: YFI's Journey Back to Prominence
Accumulation and Strategic Reentry:
The retreat into the accumulation zone sets the stage for strategic reentry.
Savvy traders may position themselves within this zone, anticipating a renewed bullish surge.
False Breakout as a Tactical Move:
YFI's false breakout could be interpreted as a tactical move to shake out weak hands.
The subsequent accumulation phase may serve as preparation for a more sustained bullish advance.
Trading Strategy: Navigating YFI's Tactical Landscape
For traders considering YFI in their strategy:
Accumulation Zone Entry: Assess entry opportunities within the identified accumulation zone.
Monitoring $14,000 Level: Keep a close eye on the $14,000 level for potential confirmation of strategic moves.
Risk Management: Implement risk management strategies to navigate the inherent volatility.
Conclusion: YFI's Strategic Maneuver and the Road Ahead
As YFI retraces from its feigned breakout, the narrative suggests a strategic accumulation phase underway. Traders are poised for potential bullish movements as YFI recharges at the $14,000 level, highlighting the intricate dance between feints and strategic positioning in the crypto arena.
🚀 YFI Analysis | 🛡️ False Breakout Tactics | 🔄 Retreat into Accumulation
❗See related ideas below❗
Share your insights and analyses on YFI's tactical retreat in the comments, contributing to the collective intelligence of the crypto community. The journey through false breakouts and strategic retreats adds layers of complexity to the YFI saga. 🌐📈🚀
29.5K PIVOT POINT After many days of sideways choppiness between 29 & 29.5K. The pattern was broke sending us into that FVG I have mentioned in previous posts with a target of 26.5K. However, having dropped down to 28.5k and back up to 30k in 11 hours some volatility has been reintroduced into the market in the short term.
I have mapped out a mini range that I am observing, the 29.5K pivot is still the controlling factor in my mind. Now that price has deviated above and is now back in range printing a SFP, in addition to a bullish orderblock that is providing a reaction as the time of writing this post. I still think we have some downside to come should this reaction now clear the pivot point of 29.5K
Because of this, I am still confident that reaching the 26.5k target is possible. Regaining 29.5k confidently and proof that it is now support would make me reconsider this strategy.
BTC UPDATE!!Nothing changed for BTC yet. After the deviation above the $31.4k level price came back again in the consolidation range.
Upside liquidity was taken, now expecting the price to go below the $29.5k level in order to gather the liquidity from opened LONG positions and then fly upwards with the $31,000 confident breakout.
$28k- FWB:29K is a good zone to go long with a tight invalidation. If we lose the $28k support then we might see another dump up to the $24k- FWB:25K area.
This is my simple plan. Share yours in the comment section.
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BTC Looking for deviation.BTC has traded into local range highs. On higher timeframes BTC is sitting around 12 and 21 weekly ma's. On lower timeframes it has already broken below these. Expecting price to deviate/reject on daily timeframe above local range high here and then revisit the range lows.
Looking for entry at an underside retest of 27460 and will look for first a T.p at 26600 and second t.p at 25900...
alternatively of price retests this range high and stays/reclaims above, then i will look for long positions towards 29k
Wait for a deviation play #BTCHi everyone!
I did the high time frame analysis on BTC (same as ETH).
I think we have not seen the bottom yet.
Why?
It is widely accepted that previous ATH was the range high...but I'm not convinced.
Look at the chart:
1) I have highlighted in red the backtest that triggered the selloff
2) I have highlighted in green the backtest that triggered the upmove
Important level and BTC not even touched...a coincidence?
Located just below the current range, with a large amount of potential liquidity.
What do you think if we break below the current range? Everybody will open a short to 10k ("same as the previous 6k level").
Perfect setup for a bear market rally.
Of course, it can go straight to 33-38k but I tend to be cautios in these type of market and look for max pain.
Let's see!