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BTCUSD - the breakdown of a breakdownUsing the BTCUSD 4H chart, here I show how to do: 1. Projection for upside target; 2. Identify and qualify a breakdown. First, if you scroll to the left of the chart, you will see that a rally and retracement was identified. An arrow was mapped to the length of the first rally. Then clone the arrow and shift the clone to start at the bottom most point of the retracement. This extension rally typically has a few characteristics... a. MACD and VolDiv will spike high and cross down, but linger in the bullish area gradually falling (as opposed to a quick cross down and drop below the zero line); and b. Price will rally and stall and repeat a pattern of higher lows and higher highs. Now, typically, an extension rally should target for the 1.62 Fibonacci level before a proper stall. But in this case, a stall came in about 1.23 Fib level. This has been observed to frequently happen and then it can rally up another extension to 1.62. As in this case it failed and started a breakdown pattern. The breakdown pattern starts with a flattening out of prices. In this case, price started deviating from the projected path. This comes with a bearish divergence in both MACD and VolDiv, in the forms of lower highs as opposed to price higher highs. Then, a series of lower highs and lower lows will form... this is shown in the blue line. Note that the level formed by Point C is the ultimate breakdown level. once price completes the pattern and breaksdown below Point C, it is completed and a flush down typically follows. By this time, the technical indicators MACD and VolDiv should clearly show a crossdown into the bearish area below the zeroline. So, we then can do the projections to the downside, in a similar fashion. This time instead of using the arrows, the Fibonacci levels are shown... For this case, a confluence is seen about 62K... and hence, expected a bounce about that level. But the target is a little further down at 60K. (Yellow and Red ellipse, respectively). I had earlier posted via mobile a 62K target and within an hour or so, it swiftly hit that level. Now to watch how it breaks down to 60K... So there you have it, my descriptive of how I identify the trend change / retracement / pullback. PS. I wanted to mention that time line on 14 March 2024. It was drawn in advance and denotes the peak point in time. The next is about a month's time where is should bottom out in the middle of April (not shown in this chart.
INDEX:BTCUSDShort
by Auguraltrader
FTM's attractive roadmapFirst of all, pay attention to the time frame, the time frame is big and time consuming. A large and time-consuming diamond diametric has started from where we entered "Start" on the chart. It seems that we are now in the indiametric "G" wave, which is the last wave. A supportive "flip" area has formed on the chart, which is very strong. According to the order flow, now the buy orders that can start the rising wave towards the target of "$1.9" are within the "damnad" range. The targets are listed on the chart. Closing a candlestick below the invalidation level will violate the analysis 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
FLong
by behdark
2
#FTM #FTMUSD #FTMUSDT #Analysis #Eddy#FTM #FTMUSD #FTMUSDT #Analysis #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ BTCUSDT.P Setups 1+2 : BTCUSDT.P Setups : 3+4 : I also suggest you to view my #Analysis of #Bitcoin from the link below : Related Tether Market Cap USDT Dominance Analysis : (( USDT.D )) : Check Link :
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by Eddy_Trade_
FTM BUY SETUPFTM has an ascending structure. If it reaches the green range, we will enter the buy/long position. Pay attention, we are only looking for buy/long positions on the green range and we will not enter positions in higher areas Closing 1 daily candle below the green range will violate the analysis The targets are clear on the chart. 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
FLong
by behdark
FTM's Situation: What Shall we Expect ?➡️Double bottom is in forming on weekly timeframe. Looking for the retest of the neckline, If the neck breaks, it will witness good growth. - High potential areas are clear in the chart. - You can look for reasons to enter according to your own personal strategy after approval. -AB=CD 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FLong
by CobraVanguard
1
$FTM Reached to 2nd Target & Ready To Attack The 3rdHi guys, UPCOM:FTM was finally able to reach the 100WMA and by crossing this resistance level, it crossed 50 cents and touched our second target. Regarding the crossing of the 50 cents level, as I wrote earlier, if we see a weekly candlestick above $0.5 tomorrow night, we can expect the third target at the $0.64 level to be available soon. Also another important event is the formation of an intersection between the 100WMA and the 200WMA, which can easily throw UPCOM:FTM towards $1. CRYPTOCAP:BTC has given investors rich profits since its last recorded low, and now there is an opportunity for "Smart Money" to flow into the top projects of the crypto market. After Solana's CRYPTOCAP:SOL and Avalanche's CRYPTOCAP:AVAX we all know about the high potential of Fantom's UPCOM:FTM and this has made us wait longer for the growth we expect from $FTM. But at the same time, we should not forget to save profits and not be greedy. This is not a financial advice & do your own research. Please "Like" & "Follow" if you want to see more of these ideas. BJWise, Goodluck
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by BJWiseReal