XRP - 4H - Head & ShouldersCouple of confluences on this chart, looking for it to continue bearish.
1. 2nd Shoulder forming at daily candle bodies.
2. Trend line break and currently re testing
3. 61.8% & 78.6% Fibonacci Retracement
Expecting this to continue to my 2nd long term target from May of $0.20.
Needs to get back under $0.58 and have a strong timeframe close like a Weekly / Daily.
Dump
$STAF is gonna fall todayPupm&Dump trading strategy idea.
$STAF is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $5,28;
stop-loss — $6,07 ;
take-profit — $3,72;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Brent oil buyers remain hopeful inside five-week-old channelAlthough the weekly falling trend line probes Brent oil buyers of late, the commodity prices remain inside an ascending trend channel from May 27, not to forget staying beyond 100-SMA. The same joins an upbeat RSI line to keep buyers directed towards an immediate resistance line of $76.00. However, any further upside will be questioned by the stated channel’s upper line, close to $77.50. In a case where the oil bulls remain dominant past $77.50, the late October peak surrounding $78.00 may test the rally targeting the $80.00 psychological magnet.
Meanwhile, pullback moves become less concerned until staying beyond the 100-SMA level of $74.10, needless to mention the channel support of $74.50. Also acting as a downside filter is the $74.00 mark, a break of which will make the quote vulnerable to decline towards the mid-June lows near $72.00. It’s worth noting that Thursday’s US ISM Manufacturing PMI and Friday’s US NFP, not to forget Thursday’s OPEC+ meeting, become the key events for energy traders.
Bitcoin - What The next - Dump or Pump - BTC?Hi guys.
Well, I'm back on this platform. I decided to return to duty, because there are those who need it.
I'll start with the main thing.
My main forecast from 59,000 to 29,000 worked 100%
You can see this in my twitter account.
What can I say now, probably something - that there is no need to rush to buy every rollback now.
Because, there are so many factors that indicate a decline below 24,000.
I do not want to scare anyone, this is just my opinion and nothing more. Personally, if I were you, I would go to rest. Because now the price is stuck in a big channel.
Accumulation or distribution - no one will tell you 100%. But to buy every price rollback, you will forgive me, is stupid. It is foolish to work against the trend.
I expect an ascending channel reaching about 37-38 thousand, any decline pattern and continued decline.
There is a second option - if the price is a true breakout, remains below 29800 - look for a short for yourself. Because we will have amirrored level (where the price went up without stopping - it will be the same, only with a decrease)
What I am inclined to at this time is to mark 34850
from there I work in shores up to the level of 29,000.
If this level passes, and the price has been trading there for more than 6 hours, it is definitely long up to 38,000.
Until then, shorts, bears and honey
Crypto MarketCap Support 1.194T is BrokenCurrently the strongest support is at the level of 1.1.94T and has been broken. The market will continue to fall, people will exit the market. So far the death cross has just started and the market cap could be much lower. Wait and see, the bounce hasn't been seen so far, don't enter the market before they stop at new support
Very time sensitive data about current Bitcoin Dump!(In Persian)BITSTAMP:BTCUSD
BINANCE:BTCUSDT
Hi ,In this video I discuss about the current Dump , potential moves of the price in immediate short-term , symmetrical Triangle Breakout and Wyckoff's accumulation pattern in action.
For more reference check my other videos about this Wyckoff's accumulation pattern :
If you found this video helpful like and leave your opinion about the current situation in a comment and follow me for more!! tnx🤞
BTCUSDT triangle , 60Watch out! Ready for pump or dump!
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🚩 Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
GNUSvolume has been going down until we had that little bottom with a "spike" in volume.
after that, consolidation took place, BUT then more volume come in AND we had +4% and +9% in twno days.
we have now broken the previous resistance, and WITH A SPIKE IN VOLUME.
guys, if volume starts to come once again, that can easily go to 4 USD (+100% from now).
I know, the volume is not much, but having a SPIKE in volume today who breaks the resistance, is definitely interesting.
if volume starts falling and the price seems going nowhere, will not be a good sight tho.
pls remember to use STOP LOSS.
TRX Local Work Masonic Triangle 66/39TRX Local Work Masonic Triangle 66/39
At the moment, the price is in a triangle.
The zones for work are highlighted on the chart.
They will be reached depending on which way the price will go.
In the case of a dump, the price will stop in the stability zone "444". Those who understand true numerology know that this is the level of balance.
In the case of an upward exit, the price will be at the borders of the previous triangle.
$EGLX can fall in the next daysContextual immersion trading strategy idea.
Enthusiast Gaming Holdings Inc. engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $6.35;
stop-loss — $7.27.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
BTC: ANOTHER RETRACE COMING? (BEARISH IDEAS)While we have been getting some recent relief on lower timeframes, bearish ideas still outweigh the bullish, unless BTC manages to break and hold above 40k.
The simplest and most significant indicator for further downside is that volume has gone down during this recent recovery.
On chain analysis shows that as of a few days ago, long term hodlers have been accumulating, but whales were still selling. Consistent sell orders have driven the price steadily downwards towards more attractive entry points as they try to get as many retail traders to capitulate as possible.
Perhaps the decrease in volume on this recent rally suggests that the whales are giving retail a hit of hopium before they crush our dreams of a swift recovery & takeoff to 70k & beyond. This is speculation, but it would not surprise me if BTC dumps promptly after breaking 40k and a bunch of buyers fomo in.
I'm not going to try to call the bottom. Short term, Obviously 35k and 30k are in the cards. Below that, look to 27k.
Perhaps the most bullish outcome would be for BTC to simply range between 30k & 40k for a month, which would make for a great alt season in June!
To be honest, I wouldn't mind another BTC retrace so I can scale back into BTC and ETH at better prices.
Right now I'm ~60% in Tether & focusing on short term scalp trades until the bulls show up for real.
happy trades,
CD
BTC, Bitcoin there are two scenarios!Bitcoin
There are two scenarios!
Here is a Technical analysis on Bitcoin 1h Chart long view to show you the market situation and the local and major support and resistance zones that you should attention to them and any break out will show you the direction and next market trend that can help you to make a right decision.
Should mentioned any break out on Bitcoin as a market leader will effect on the Altcoins price movement.
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