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Flipzone

[Bitcoin] When is Bitcoin going to check $37K?#crack #bitcoin #binance #Daily - It looks like Bitcoin has turned to a bearish trend after continuing failure to break out the $42k resistance. - During the bear trend, after failing to support the $39530.45 support line, it is converted into resistance and the bearish trend is in progress again. - If you look at the 'widening pattern' of lowering lows and raising highs, you should also consider the possibility of a rebound since the lows were lowered. - If a rebound occurs at $37k-$37.7k, where the lower orange bull trend channel is located, it is possible to buy aggressively, but keep in mind the possibility of a further decline to confirm the $35071 support. - The $35071.42 is a support line for the closing price of the daily peak formed at the end of January. In the larger view, it was formed by an inflection section of $34.2k-$34.6k, and is a very important support area as it is also the area where the lower end of the long-term bull trend channel is located. - In the event of a decline towards $35071.42, keeping the $34322.28 low is important for further bull trend. - If support is successful in the $37k-$37.7k support zone and rebounds, we recommend that you respond by checking whether the $39530.45 resistance is broken or not. If the $39530.45 resistance is not broken, it is highly likely that a bear trend will appear for the continued downward break of the $37k support area.
by Tommy_Trader
2
[Bitcoin] Doesn't know which way to go#Crack #Bitcoin #Binance #Daily - Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend. - The $41.5k-$41.9k resistance seem very strong. - The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the $37k-$37.7k support. - Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation. - Response at this point in which the resistance of $41.5k-$41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at $37k-$37.7k or breaking above the $41.9k resistance, and I think it is safe to wait and see as much as possible between $41.5k and $39.5k.
by Tommy_Trader
3
[Bitcoin] Fortunate rebound before $37K, not 100% Bull yet#Crack #Bitcoin #Binance #Daily - Fortunately, after the last briefing, Bitcoin has risen above the green inward trend line without confirming the $37k support. - If Bitcoin show resistance at $41,132, which is the EQ value of the body of the Bearish Candle on March 21st, or closing the Daily Candle at $41,132 upwards, we can expect the possibility of further Bull Trend. - However, a short-term Bear trend may occur with a single resistance of $41.5k, since there is a possibility that a bull trend may appear again after the support of the green inward trend line, it seems high risk to respond with a short position. - As the resistance of $41.5k-$41.9k has not yet been broken out, there is a possibility of the appearance of a blue triangular convergence surrounded by a green inward trend line and a resistance of $41.9k. For short-term trading position, take a short-position near $41.9k with a stop loss set as tight as possible and take a long-position near the green inward trend line are considered to be the least risky. - If the $41.9k resistance is broken above the $44.2k-$44.5k resistance, we can expect a Bull Trend. - A break below the green inward trend line support should leave open the possibility of a rapid bear trend towards the $37k support on disappointment in upside expectations.
by Tommy_Trader
2
AAVE Breakout confirmed. Correction is coming?Update: As expected, breakout occurred yesterday in relatively high. Today AAVE find local resistance at 26.60% Fib lvl. After a breakout, a correction -test of the previous resistance lvl - is the most possible scenario. So, A ‘normal’ support is near $215 or $192.81. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research. Check previous TA on AAVE below.
KRAKEN:AAVEUSDLong
by Rhaonnor
[Bitcoin] Three possible future direction of Bitcoin!#Crack #Bitcoin #Binance #Daily - Bitcoin is accompanied by a strong uptrend, breaking through the sky blue resistance line, and reaching 48k. - However, Bitcoin is strongly resisted by the upper line of the orange rising channel near 48k, and it can be seen that RSI and RACD are also located at considerable highs. - If the resistance of the upper line of the orange rising channel is broken, we can expect an uptrend to the maximum of ‘$53,357'. However, there is a possibility that it will not break the resistance of ‘$51,513-$51,886', which provided strong resistance during the previous downtrend. - If Bitcoin turns into a downtrend without breaking the resistance of the upper line of the orange rising channel, we can expect a decline to confirm the support of the sky blue high resistance line. - If the retest support of the sky blue high-resistance line is successful, we can once again expect an uptrend to the upper line of the orange uptrend channel. - If the retest support of the sky blue high resistance line fails, we can expect a decline to the lower line of the orange uptrend channel. If the support of the lower line of the orange bullish channel fails, we can expect support from the lower line of the blue bullish channel.
by Tommy_Trader
[ETH] How far can ETH go if it break through?#Crack #Ethereum #Binance #4hour - Ethereum is emerging with a strong upward trend. - Although a strong uptrend is currently in progress, it has reached the long-term resistance of ‘$3,377.89'. - The ‘$3,377.89' resistance is an inflection line made during August-October 21, and since it is a line that showed strong resistance during a long downtrend, it is seen as an important line for this rise as well. - In addition to ‘$3,377.89', along with the resistance of ‘$3,424.66', where the 1st level of the Fibonacci expansion of the medium-term upward wave is located, the possibility of a downtrend inversion should be kept in mind before breaking through the ‘$3,378-$3,424' resistance. - If the ‘$3,378-$3,424' resistance is broken, we can expect an uptrend to ‘$3,833', where the red dashed line confirms the bullish channel centerline and the 0.618 level of downtrend retracement. - If the ‘$3,378-$3,424' resistance is not broken, we can expect a correction as the uptrend was strong. - If a bearish correction appears, we can expect support from ‘$3,183-$3,193', where the 0.382 level of downtrend retracement. If a bullish correction appears, we can expect support from the short-term upward wave Fibonacci extension level of 0.618, which is identified by the yellow dotted line, and ‘$2,995-$3,005’, where the 3005 long-term inflection line is located.
by Tommy_Trader
USDJPY LONG IDEA Good Morning Guys and welcome to a new trading week .. Long idea on USDJPY 4h TF As we see we have a rising Trend Channel and we are in Bullish environment at the moment . On the way up we have several demand zones used or missed closely . My idea for a long position here would be price coming down to test last zone of demand + S/R flip zone just below that + Trendline could help to push price higher again with a target at last swing high around 106.20 zone. When we arrive at the demand I would zoom into LTF like m15 or even below to find an entry . If you trade HTF like h4 here it would be also ok to trade it in the same TF after confirmation….
Long
by Trueman23
Buy the pullback of NIU below 27Reasons to buy from simple analysis : 1. Flip zone with key structures. 2. Model valuation around 25 based on a research report. Some news I grabbed from the internet : Niu, which had previously reported better-than-expected sales volumes for the third quarter, said that revenue in the period rose 36.7% to $135.8 million, well below analyst estimates at $149.3 million. Units sold were up 68% to 250,000, but revenue growth was slower since much of the increase came from the recently introduced lower-priced G0 model. The G0 rollout also led gross margin to fall from 22.2% in the year-ago quarter to 20.9%, but sales and marketing expenses fell in the period, helping the company gain leverage on operating expenses. Stories I heard from my colleague today : My colleague passed a flagship store of Niu technology yesterday evening, guess what, full of clients, super crowded. So I perceive this as a positive buy signal.
NASDAQ:NIULong
by JICPT
3
Check this out! Gold reached my buy zone!Technical Analysis : Weekly: It's the first flip zone since the correction. It's still in the bull market on the weekly time frame. Daily: I just refined the zone a bit. Though, still too wide to place trade. Hourly: Patiently waiting for the formation of the candles. I would expect bull candle patterns show up! e.g. bullish engulfing patterns... Always don't rush to place your trade. Wait for the market to show hand! Factors on my side : 1. Weak USD 2. Monetary easing policies Factors not on my side : 1. Vaccine removes uncertainty 2. SPDR holding continues to fall indicate money is leaving 3. Chinese big banks banned new precious metal trading account opening(T&D) for compliance reasons.
FX:XAUUSDLong
by JICPT
AUDNZD Swing Idea 10/30/2020The demand zone in which the price is ranging right now has already been tested 3 times as a Support. Logically, we can't blindly trust this Demand Zone and just place Buy Limits. The more a price level has been touched or tested, the more likely it is to be broken. Therefore, we will wait for clear rejections in lower timeframes to confirm the Bullish Volume. Although, if the price breaks our support and goes lower than the previous higher low, we would wait for a Clear Retest and look for Sells inside the Flip Zone.
by joseafab
NZDCAD - Swing tradeNZDCAD has has just broken through a major resistance area. I'm expecting a pullback into this area after which i will be looking for buying opportunities. If we do pullback into this area, i will waiting for any signs of rejection by looking for bullish candlestick patterns. I usually look for these candlestick patterns ion the H1 chart. Any signs of rejection will be confirmation to go long. No confirmation = no entry I have also set out 2 potential take profit areas. The 1st take profit area is 170 pips away from entry and the second around 230 pips away from entry.
Long
by Jacques_du_Randt
2
EURNZD - Swing TradeEURNZD we have just broken through a key level marked out by the green zone. I'm expecting price to retrace back into this level and retest it as resistance. I will be keeping an eye on this paid for the next few days to see if we get the pullback into the flipzone where i will be looking for selling opportunities to continue the move down. What I will be looking for is confirmation on the smaller timeframe, I like to use the H1 chart to look for my confirmation candlestick patterns. Once I see bearish candlestick patterns such as a bearish engulfing, evening star or gravestone doji, I will then use this as my confirmation to short the market.
Short
by Jacques_du_Randt