FLOW/USD- Breakout or Retrace to Entry Price? Flow is largely unknown to me so charting for a follower who is bullish.
TA suggests potential for a break over the next few days.
I'd like to find the lower entry price but if BTC rallies it may push the alts through current resistance.
Personally hesitant buying the breakouts at the moment but consideration should be made as this has sound potential to head back to previous highs.
Targets seem high but are realistic if the market confirms a flip to bullish.
I'll be on the sidelines here until I'm more confident BTC is going to hold the support line.
My opinion is that it won't and will retrace between 6 and 10% over the next few days, that would create the right entry price for a few alts FLOW included.
Alternately if it jumps the 1.16 resistance it'll flip to become the support and we may see some positive price action.
As always, just thoughts and TA, NFA
Feedback Welcomed.
Bingaz.
FLOW
Do you want to know what it is?Do you want to know what it is?
*nod*
The Flow is everywhere.
It is all around us
Even now in this very post
You can see it when you look in your account
Or when you turn on your Favorite stream
You can feel it when you trade
When you go to the casino
When you pay your taxes
It is the wool that has been pulled over your eyes to blind you from the truth
What truth?
That you are a slave, like everyone you were born into Debt, a prison you cannot smell or taste or touch.
A prison for your PnL
Unfortunately, no one can be Told what the Flow is.
You have to trade it for yourself.
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Jan 13
On the down-low Money Supply factsThe chart shows two recent and unprecedented occurrences that may lead to an outcome of equally unprecedented proportions. In the past year the money supply
peaked and is still negative over a year since
reached peak liquidity
Causes include the effects of the pandemic, asset conversions spurred by tax reforms and corporate buybacks, rising unemployment and housing prices amid interest hikes , and government security buybacks initiated due to bond market stress.
This general and massive sell-off at peak valuation with no likely intent or ability to spend in the near term at a time of impending stagnation forebodes a bearish outlook for markets worldwide.
Trading Idea 023: FLOW Market Conditions:
- trend reversal situation
- consolidation around the support
- bullish sentiment in the market
Key Level and Lines:
- $0.961 support
Trading Ideas:
- go long if the price moves back to the support and bounces from it
- go short if the price moves below the support supported by bearish sentiment.
FLOWETH - 20% Short to Deep Down SupportA big long descending trend line which has been tested by flow on numerous occasions historically has just recently been tested once again, causing a price rejection to the downside once again. As you can see from the recent swing low we've created a triangular wedge pattern which we are going to be ranging in for the next few weeks.
This gives us a big opportunity to get a 20% Short trade in from near the top edge of the wedge and watch the price travel down the the horizontal support line at the bottom of the wedge.
Bitcoin above $70k resistance levelThe neat thing about Cosmic Flow is that is lets you use one MA period for the resistance and another one for the support. Here we used the HMA with 50 bar resistance and 100 bar support to recognize a repeating pattern on the 1W chart, in combination with the Cosmic BB SR indicator. While these two indicators show that the price is now more bullish than it was during the last $70k top in November 2021, the Cosmic Angle indicator is still showing a significant negative trajectory and is changing its angle at a very slow pace. This information suggests two likely effects: 1) a large and sudden bullish movement 2) a gradual reversion to the Cosmic Flow basis line.
USDJPY 1D neat forecastingBy combining the levels show by the 2 indicators Cosmic Flow and Cosmic BB SR it is possible to forecast the amount the price will drop (or rise) as shown with the vertical red arrows. The price is currently at a level it consecutively tested twice and were it to drop further a rough estimate for a short target using the current trajectory would be in the $125-126 region.
FLOW CAN GO UPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the FLOW symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FLOWUSD broke above the 1D MA50 for the first time in 2 monthsFLOWUSD broke yesterday above its 1D MA50 (blue trend-line) for the first time in more that 2 months (since November 08 2022). This is a short-term bullish signal targeting the 1D MA100 (green trend-line), which was hit both previous time the price broke above the 1D MA50.
This doesn't turn the long-term trend bullish just yet. Flow has been trading within a Channel Down since August 2021 and only a break above the 1D MA200 (orange trend-line) which would be the first in its history, can be enough to reverse the Bear Cycle. We may have an early bullish signal on the 1D RSI that broke above its Lower Highs trend-line, but still the 1D MA200 is the ultimate confirmation.
We have incorporated the Fibonacci levels on this Channel and as you see during the downtrend, they aligned very well with Support levels. We expect the same to happen during the uptrend. We will use the upper extensions (1.5, 2.0, 2.5 etc) as targets after the 1D MA200 breaks. The 1.5 Fib extension is already perfectly aligned with the 1W MA50 (red trend-line).
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High volume of transactionsFLOW has continued its downtrend to the $0.65 range over the past few weeks, and a strong positive reaction has been generated in this area by re-hitting the midline of the descending channel. Due to the lack of price history in the current ranges, we can only use the Fibonacci tool to determine the resistance support levels. Therefore, the first resistance range in case of more support for this currency can be in the area of 0.94 to 1 dollar. Because this range overlaps with the ceiling of the descending channel, it is a suitable place for supply and demand. If the market conditions remain favorable, the price can take a period below this range resistance. The closest support to the current price is in the $0.70 range, where we can expect a positive reaction. Another point is that a high volume of transactions is recorded at the bottom of the price, which is a good sign of buying this currency. Therefore, if the price returns to the previous bottom range, i.e., the $0.65 range, we can consider a high probability of forming the double bottom pattern.
FLOW. Whales>Retailers.A long-term bearish trend has formed a descending triangle with a target of $0.66. Potentially reaching this target could send the price to the lower of the descending channel... With a time shift it could be, say $0.32. Subjectively, I am skeptical about FLOW. IMO, this is a manipulative asset with a dubious ecosystem, although on-chain stats report record activity on the network. But I am a pragmatist and I see no reason to buy such a small amount of tokens and give away such a large dollar value. It just doesn't make sense. Therefore, I believe that there is manipulation here... Because retailers are driven at high prices, giving them crumbs, and the whales control almost the entire supply of tokens.
FLOWUSDT IDEA HELLO GUYS THIS MY IDEA 💡ABOUT FLOWUSDT nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
FLOW CAN PUMP HARDLYHello, dear traders. how are you ? Today we have a setup to buy/long the FLOW symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Buyers' attention!During the last week, FLOW has registered a complete range trend near the support area of $1. The price of this currency in the daily and 4-hour time frame is in a descending angle pattern, which, if Bitcoin remains on its support limits, the possibility of its price growth and return to higher resistance levels is provided. It should be noted that the trading volume of this currency is close to the lowest historical level, and due to the divergence of the volume, the possibility of price growth is very high.
Only buyers' attention to this currency can increase the volume of transactions. In many time frames, the price trend of this currency is still downward. But in the time frame of 15 minutes, the trend is upward; the price can grow up to the range of $1.15. If this resistance is broken, the higher targets we can consider for this currency will be in the range of 1.24 - 1.40 dollars.