$BCH Looking To OUTPERFORM It's Peers- Bulls? WYA?+Just a update on BCH, We did have a nice move up and attempted to brute force that KEY area, but the Bears weren't having it and we took a shot down... Although, BCH is about to VALIDATE that last low and really start to dig its feet in and start pushing possibly. Both Indicators are showing at Hidden Bullish Divergence at the pattern completion zone @ the 886, This is textbook and from strictly technical analysis, this following the same parameters in recent history before a next leg up... Pushing past that Supply Line will let this thing RIP
Harmonictraders
$DOT/Broadening Wedge In the Money Zone (PENDING)$DOT has formed a nice broadening wedge at the 886 range from the last swing high to swing row and is now trying to establish/validate a new local higher low above $6.76 at the $7 range. The MACD and RSI has printed hidden bullish divergence on both oscillator's indicating that momentum is started to build back up to possibly break through the top of the wedge and have a nice run...
We were due for a pullback after the last few weeks being manly green candles.. Overall, this is healthy price action and I don't think anyone should be panicking, as this is just traditional price action after a good few weeks for crypto...We also got some good news from the ETH merge.
Cheers
**DISCLAIMER, THIS IS NOT AN ACTIVE TRADE ATM, I AM JUST FOLLOWING THE STANDARDS OF TRADITIONAL TECHNICAL ANALYSIS. ANYTHING CAN HAPPEN**
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
We are neutrally positioned for this instrument. As we do not see or predict any strong move, we better go neutral for the time being.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
The price of dollar is rising from last few months steadily and has created a strong bullish bias and established itself as a strong counterpart of many currencies . However, for day traders we do not find any suitable trading opportunity.
AUDUSD Bullish AB=CD, will the bears dive into a trap?This pair has been held captive by the bears, plummeting the currency value since early 2021. A bullish ab=cd is in midst of the bears target. Will the bears be triumphed by their rivals the Bulls, or will they take a breather before devouring any Bulls along their way?
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007041
TP: 0.006899
SL: 0.007150
Bias: Short
The current price pattern is displaying a bearish bias and we can expect a selling opportunity.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.17305
TP: 1.19359
SL: 1.15847
Bias: Long
We are bullish for this pair considering the current price structure and trend strength.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 1.01823
TP: 1.00106
SL: 1.03067
Bias: Short
Planning a short entry for this pair considering the current price level and tendency for a bearish drive.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1729.702
TP: 1700.869
SL: 1752.641
Bias: Short
For gold our priority is for availing a selling opportunity. The current price level is not yet strong enough to jump upward with enough momentum to drive the level to a profit area and therefore our bias remains bearish.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.95068
TP: 0.93392
SL: 0.96217
Bias: Short
The trend strength of this instrument is more inclined to selling opportunity and so we need to focus on bearish side.
AUDCAD DESCENDING TRIANGLE BREAKOUTPair: AUDCAD
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern
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Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H chart, a re-test would also give us the perfect confirmation we need to enter long
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Level needed: need a close by 0.89635
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Trade: Long
RISK:REWARD 1:9
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We do not have any strong bias here. We stay therefore neutral.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.16997
TP: 1.18739
SL: 1.15550
Bias: Long
The obvious trend is in favor of bullish side and therefore our plan is to capitalize from a long opportunity.
EURUSD LongTime Frame: 4H
Symbol: EURUSD
Entry: 1.01545
TP: 1.02956
SL: 1.00500
Bias: Long
Our plan is to run for a long opportunity from the current price context.
XAUUSD LongTime Frame: 4H
Symbol: XAUUSD
Entry: 1734.109
TP: 1764.726
SL: 1709.714
Bias: Long
We plan a buy trade for this pair . We think the current bullish bias will sustain and result in a long opportunity.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.95344
TP: 0.93649
SL: 0.96505
Bias: Short
The core trend structure of this instrument is insinuating a strong bearish bias and therefore we are searching after a selling opportunity.
BTC 19.8k -> 21k+ -> back down to 20kJust used lower timeframe bearish harmonics mixed with higher timeframe fibonacci crossovers and noticed a pathway higher timeframes are VERY likely to go:
19,800 -> Between 21k and 21.5k
Between 21k and 21.5k -> 20k
Laddering shorts at 21k and 21.2k after closing LONG and expecting a max of 21.5k
then after we will see but probably up after that. 20k should hold
20,740 next wave down5 minute harmonic trade here - expecting a drop to 2.618 to 20740 before a small bounce
1.618 of XA meets 2.236 of BD
BTC LONG 20.1k -> 21.5kI'm seeing a lot of 0.5 / 0.886 symmetry in this market currently. I will be buying 20.1k with a target of the 0.886 retracement 21.5k and then opening a short to TP around the 20.1k level again.
From there, we will see. But essentially, price is VERY likely to hold 20k for a while, with probably only a quick break below for liquidity until the mid 22's.
Of course, this is all a scam, but I think we will see up movements for the next 1-3 weeks.
DOT.... JUICE!Dot, looking extremely good here. Followed through price action when she smashed through that demand line and is now looking to claim a new crucial support. DOT is one of the best looking charts atm pertaining to crypto. Scott Carney's mouth would be watering looking at this... REPSECT THE TA
shark harmonic on luncwe got a bearish dragon with a confirmation break at the blue color line, a BAMM (bad action magnet move) confirmation break at the green line, all withing a bullish shark harmonic. If those line break we will be going to the D leg of the harmonic. Target 88.6 to 1.13% retrace
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We are neutral for this pair. We do not see any strong directional bias.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.15823
TP: 1.13824
SL: 1.17287
Bias: Short
A selling opportunity is more feasible than other options considering the current market sentiment.
