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Downtrend

Bitcoin seeking re-test of Head & Shoulders after LOWERLOWBitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the volatility must show for this to be a valid sell. This bullish push is all apart of a weak momentum swing high. This setup will appear the clearest on 4H and 1H. I will take entry on the 30 or 1H.
COINBASE:BTCUSDShort
by DesharedPierreJr.
Gold is still very bearish Intraday and MajorlyGold is still completing a Double Top from a daily perspective. The Daily is forming a lower low. The 4H timeframe is also creating lower lows and lower highs which tells me that intraday is a sell as well. I believe the momentum is bearish and now is the time to capitalize on shorting opportunities such as this one. The 1h created a clear very strong lower low breakout. There's an area of interest on the back of a broken Daily Trendline. I'll be monitoring the 1hour as well as the 30min chart for shorting opportunities. Targets for this short is the next Daily support level which happens to be just above a weekly support.
OANDA:XAUUSDShort
by DesharedPierreJr.
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on a single day time frame. As you can see, the price is moving below the uptrend line. Let's start with setting the support line and as you can see the first support which, as you can see, held the price is $ 1737, if the support is broken then the next support is $ 1658, and then $ 1436. Now let's move to the resistance line, as you can see the first resistance is $ 1918, if you manage to break it, the next resistance will be $ 2034 and $ 2123. Looking at the CHOP indicator, we see that there is still some energy left for a further move, the MACD remains in a downtrend, while the RSI shows an entry into the lower part of the range, but there is still room for the price to go lower.
by cryptodailyuk
Massive 4H short for the almighty BitcoinLadies and gentlemen, we have a clear as day Bearish reversal signal in front of our very eyes. Bitcoin has confirmed a double top pattern for the right shoulder of a massive head and shoulders. I'm looking forward to shorting the re-test pf a pivotal neckline. I'm projecting a decline of at least 3,000 pips over the course of the entire move. Price is looking to continue creating its daily Lower Low as well as a breakout from consolidation. This pattern can be seen clearly from the daily as well as clear structure breaks on the 4 hour timeframe. I will be analyzing the 4H for the setup however my entries usually come from the 15/30 min. sometimes the Hourly. However I anticipate a strong volatile swing bullish before the decline.
COINBASE:BTCUSDShort
by DesharedPierreJr.
What Are The Different Types of Trends? Trend trading strategies play a vital role in every trader’s life because it helps them identify early trades to exit from the market when there is a reverse trend. Typically, there are three different types of trends given below: 1. Uptrend 2. Downtrend 3. Sideways trend Uptrend An uptrend is formed when a price is rising in value. Usually, a bullish trend has a very common structure. The price keeps setting new higher highs, simultaneously setting new higher lows. Downtrend A trader can see a downtrend when the price is falling in value. Usually, a bearish trend has a very common structure. The price keeps setting new lower lows, simultaneously setting new lower highs. Sideways trend The sideways trend is formed when the market remains static, i.e., the price neither sets new lows or new highs. Trend identification is the essential part of any trading strategy. Learn to identify the market trend with objective and reliable rules. ✅LIKE AND COMMENT MY IDEAS✅ Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
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