HH
USDCAD: Support becoming Resistance ?On USDCAD , price is retesting our support which might become a resistance. Although Canada's inflation was worse than expected, but USDCAD failed to bounce back above the support since the USD is under negative pressures as the DXY is also.
MACD is making HH while price is making LL.
Will it continue it's overall bearish trend ? Or do we have a reversal ? Your decision !
Trade Safe ! If you like the idea, support us with a like and follow
MacroForex
How to read the price successfullyIn this short video, I explained how you can read the price using structural points to determine whether you want to be a buyer or a seller.
Key Points:
---------PRICE BEHAVIOUR----------
S-STR = Short Structure / A sell decision-making point
L-STR = Long Structure / A buy decision-making point
Downtrend: Series of LH & LL
Uptrend: Series of HL & HH
Bitcoin highest monthly close ever Welcome fellow Tradingviewers,
This analyses is a follow-up from our BTC halving TA and the followup from that analyses analyses has proven to be effectious. (which will be linked in this analyses)
If you haven't already consider reading that analyses before going deeper into this one.
Since that analyses we are now on a 100 day streak above $10K and approaching new highs lets break down what the market is showing us.
In this analyses we are going to show you our view on the current market situation for Bitcoin .
We will be analysing BTC using a top-down strategy , including candlestick patterns , indicators and price patterns.
Monthly:
- This close was the HIGHEST CLOSE EVER for Bitcoin (By $20 on Finex)
- The monthly close was a bullish engulfing candle.
- Breakout immenent, with breaking ATH close price.
- We are still above all moving averages.
- Volume keeps increasing.
- Higher High seems immenent.
- Bullish MACD
Weekly:
- We closed the weekly as a bullish engulfing candle.
- We still have the strong trend from the W formation on the MACD.
- The MACD is bullish and shows strength.
- We are well above all MA's
- Volume increasing
- Forming a Higher high according to analyses one.
- We closed well above the 0.618 Fib. Level.
Daily:
- We closed the last daily candle as a bullish engulfing closing above $14K!
- Clearly closed above the 2019 high.
- The MACD is bullish.
- We are well above all MA's
- Volume increasing.
In summary:
Things are looking very Bullish for Bitcoin, the highest monthly close ever could result in heavy buying pressure from retail, smart and institutional money. We have seen crazy adoption by companies as microstrategy, paypal and square in the last couple of months. More companies will follow and with a graph like this we can only start to imagine what kind of companies/funds these are going to be. We ofcourse do not want to fall for FOMO and therefore we need to keep our vision clear. The still undicided elections are also things to take into account, this can create chaos in all markets including Bitcoin and while Bitcoin investors are mostly in GREED mode it will not be completely unreasonable to think about a pullback to squeze out the high leverage Long traders at the moment.
But for now there are very little bearish signals from our perspective, support levels are also located in the chart.
The lack of trading patterns is worriying making it difficult to set up targets on the current rise for the long term. If you disagree and see a price pattern, make sure to leave it in the comments with according targets!
We broke above the 0.618 FIB. Level which has historically been a important price for Bitcoin. The next aim from here would be the 0.786 located around $16300.
So we broke out of the downtrend and are forming the higher high that is going to move Bitcoin to higher grounds.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
Frank | Forallcrypto
ADABTC - Healthy Retracement - 77%-88% TargetI'm bullish for reasons:
1. It's a retracement after the previous uptrend and it bounced between .382 and .5 RED fib
2. Creates Bullish Divergence in 4H
3. HL on Price and LL on RSI for Daily which is a sign of trend continuation
4. HH for 1H and testing previous LH as resistance
5. Buy volume is almost average volume in 4H
6. Doji in Daily
Price can go lower between .5 and .618 RED fib and still a good area to buy.
If price falls below .618 and turns resistance, we'll be bearish.
Targets:
TP1: .5 Blue Fib
TP2: .382 Blue Fib
TP3: .382 Red Fib Ex (2000)
Private Charts can be accessed here: pastebin.com/TfJD0rJJ
Note: I don't put too many lines in my latest charts than my previous as LESS is MORE.
Disclaimer: I am not qualified to offer investment, legal, or any other advice nor am I trying to do so.
All my posts are my own opinion and any decisions, investments, or risks you take as a result of following
my posts are your own responsibility.
I cannot be held responsible for any decisions you make as a result of following my posts.
Uptrend HH and HL Trading examplehow to spot uptrend
1) adding a trend line in the chart which works as a support .
2) breaking of downtrend
HH : previous high
HL : previous low
trading uptrend market is simple
here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio.
HL : price retest this zone and break the HH and again retest the HH as a support .
ETH Decision Time - $200 or $182Hey all,
Decisions to make all over the place today! General market sentiment suggests people are going Long across the board - does this mean prices will rise? In theory - Yes, in practice - Not really...
It doesn't matter about the total percentage of people who are net long or short, what matters is where the majority of money is heading - 1% of people hold 99% of all money (or something along those lines!)
So, as you can see from this (pretty equal) triangle formation it really could go either way, everyone likes to think it'll pump up to $200+, and we're sure it will sometime soon, but maybe not today - the longer rising leg of the triangle suggests HH's and HL's so things are looking Bullish, in a few hours, once we're out of this triangle!
There may be a drop of 2-4% to $182 as we escape the triangle, whether this blasts up to $200+ afterwards is for you to decide; we are, however, staying Bullish on this one for now.
Keep your eyes on this space!
-theCrypster
GBPUSD - LongGBPUSD are reversing, Bull's are strong in action if we brake resistance, test and rejecect its a good time to go long. Keep it simple and easy.
Two theory for Bitcoin .Hey guys , I have 2 ideas for Bitcoin.
1 . Red line support to Fibonacci range and building a HL and Uptrend to To build a new top and HH !
2 . Support breaks and Reduce the price to the red limit . In fact , this is a dangerous fall ! In this case, the price can go down to fibo 0.786 !
---- Login with science . Good Luck ----
ALGOBTC BullishI like trend of ALGO chart. ALGO is creating Higher Highs and Higher lows and this is great signal for 5. waves impulsive movement ! Now, I´m waiting till ALGO come to our Buy zone. Targets, Stop loss, Buy zone values are in chart. This trade have potential more than +25% ;)
chfusd bullish but could be bearish as well.on the chfusd price seems to have consolidated in this triangle pattern, waiting for price to break out so I know what to do however, price is still technically bearish because its a retracement from previous HH so you gotta watch out for this one and see how it fits your trading style.
High probability USDCAD Long With Good R/RUSDCAD has seen Higher Highs ( HH ) and Higher Lows ( HL ) being made on the Weekly and Daily timeframes for a good while now with 1 or 2 Lower Highs / Lower Low fake outs to pull sellers in, however this pair remains bullish. An Inverse Head & Shoulder pattern can be seen on the Daily timeframe which was formed aggressively on the 1st of March. This broke a descending channel creating a HL followed by a HH, with that being said, a HL should be formed to continue our leg to the upside. I have a Minor support on the daily in purple, using the Fibonacci Tool, this sits on a 38.2% retracement zone which will likely be my entry, with a tight stop loss of 30-40 pips. I will be looking for more confirmation with a bullish candle stick pattern at these zones. However this pair can retrace further to the Monthly Key shown which would lay on another great Fibonacci retracement zone. A retracement to the downside by 60-80 pips creating a HL would be favoured for you to then go long on this pair. The DXY looks to retrace before breaching 98.00 regions so this trade looks highly probable as well as the correlation between DXY and Gold, as Gold looks to retrace to the upside before seeing long term downside targets of 1250.00/1260.00 regions.
REMEMBER : Risk management is key for all trades & Have a profitable trading week everyone !
Instagram: keownarcher
usd/eur short set up.On the usd/eur setup, I see price has reached a minor resistance zone. Delving into the lower timeframe, I see price makes a minor ascending channel with HH's/HL's.
I am hoping price touches resistance zone and reaches first take profit.
usdjpy weekly bearishprice is in a symmetrical triangle while going through a consolidation period.
On the lower time frame, price seems to be reaching a resistance zone while creating HL's and HH's. I am waiting for price to retrace to the newly formed minor support zone to create a new HL so that I can go long until than.
gbpcad bearish move downon the gbpcad weekly, price seems to have hit major resistance zone. Possibly a h&s pattern could occur.
Going down the daily and 4 hr chart prices has seemed to have made HL's and HH's. HH has seems to have touched major resistance zone and I now believe that price will start the create LH's and LL's if it breaks out of the trend.
Plus ma crossover at the resistance level indicates selling pressure. Let's see how this trade goes.
gbpusd bullish set upon the gbp/usd. I see an ascending channel on the 4hr timeframe.
overall bias is bullish with support line being respected multiple times and price is forming higher highs and higher lows, I am hoping price creates another HL to support my idea.
4hr/1hr timeframe shows a lot more of the channel and a lot more in-depth details about entry and take profit.
USDJPY LH,LL,HH and HL'sHello Everyone,
I appreciate the feedback that I have been getting this past couple of weeks and something I that I been wanting to share with y'all is one of my confirmation.
I know you will do your own independent reseach on this and I wish you the best in your trading Journey.
Thank you.
Ps. I'm looking for a new HL point to get a new HH.
EOSIF WE SEE BREAK PAST ABOVE HIGHLIGHTED AREA , I CAN EASILY SEE THIS PAIR REACH FOR NEW HIGHS @13.7
Trig Breakout IdeaForming HH,HL on 30 min & 1 hr timeframe
All indicators supports upward movement.
Comment your ideas.
