BATUSDT is searching the new higher lowThe price created a dynamic resistance on the daily timeframe and after a retest of the monthly support, the price had a breakout from the static daily resistance.
On the 4h Timeframe, the price is testing the 4h resistance on 0.75$ and got the first rejection. We could see a retest of the support on the 0.72$
how to approach?
If the price is going to confirm the breakout, we can add to our watchlist and wait for applying our rules for a new long position
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Higherhigh
New Month NEW OPPORTUNITIES !!! Here we Go!!!Please support my work by clicking the LIKE button (If you liked). Also, I will appreciate for ur activity. Thank you!
Last week, I was saying buy when everyone is fearful and sell when everyone is greedy! I also mention the war was a good thing for BTC and we can get a lot of volatility from it. Then I said it will be a bumpy ride, and let me tell you it was surely that!
Now for this week, we enter a new month and with new opportunities. Currently, we have a double bottom pattern that has been confirmed with volume. Then we have broken above $40k looking very strong. Last we have a new month candle heading into a higher high. What can go wrong!?
Nothing can stop this train I have been speaking that for a while now. Big money is involved and now retail is getting back in.
The sanctions that were placed on Russia have forced Russia's hand to get into crypto. There is no way to stop digital assets and personally I think all this war was already planned so we can push crypto at a faster rate. The great reset is about to happen and I think everything will start to unravel in March.
When in doubt make a plan and zoom out. This is a turtle game, be patient and the riches will come.
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Thank you for your support lets become Cryptoaires
BTC Trading the megaphone pattern: LONG!! Btc is actually trading on a megaphone pattern. A pattern that is simple which 90% of traders aren't aware of ! Less is more so all the explanation of my plan is all drawn on my chart:
Hope this helped in your own research even tho i'm only a retail trader. Have a good trading✌
Bitcoin - Time for a Higher LowBitcoin has given us a a 40% rally from the lows in this most recent correction.
Market structure has shifted bullish by giving us a higher high. We have not yet been given confirmation with a higher low.
It has formed a daily SFP (Swing Failure Pattern) by wicking above previous structure and closing below as a bearish hammer.
This is a perfect opportunity to fill some structure below and give us a higher low.
Targets I am looking for a bullish pullback to are as follows:
Light pullback @ 40-42k
Deeper pullback at 38-39k
This idea is invalid if we begin to close the daily above $44,500 - we likely continue higher if so.
In times like this it helps to zoom out - $BTC is in a macro correction that cannot be properly traded on a 15 min chart. Long term swings need long term charts. I am still macro bullish on this asset class - but a 40% rally needs to fill some inefficiencies before it can move higher.
- Will, OptionsSwing Analyst
EURAUD Trend Change?EURAUD has been moving sideways all 2022 with a very slight uptrend. After creating nothing but higher highs and higher lows, it has finally had a strong push and created a lower low.
After creating this lower low and bouncing off of the trend line, we have shot straight back up into the supply zone where we created the previous trend changing movement. Indicating a very strong supply zone.
Keep an eye on the 1H frame for a potential entry point to short EURAUD.
Let me know your analysis and your plan for the pair!
Higher Highs, Lower LowsPast couple days have been mixed signals bringing the santa rally to new highs over night.
The 20d 2std resistance was rejected at 4807.50 early this morning.
I'm looking for support around 4786.75, yesterdays VAH, where I'm looking to enter a trade as low for the day and a break trend from another lower low.
Should that trade stop out, I'll be looking to pivot to a short position below 4770
AUDUSD outlook (H4 - Monthly)Bullish bias on this pair as price previously broke out of the descending channel after the bullish reaction off monthly support. Price has also broken out of the previous resistance structure (Lower high) of the downtrend showing a shift back into an uptrend. I will be looking next year for price to resume higher again as the higher timeframe also aligns with the lower timeframe trend direction.
BTC Price is making Higher Highs and Higher Lows (EN)Hello lovely people
I have good news! Bitcoin Price is making HH and HL in the chart according to my last idea there is ex-resistance trend line which is now supporting price. this was what I truly waned to see happen for price. now we can say that last dump we have seen could be a huge pullback after price broke "The Old 206 Daily resistance".
I hope this was useful for you.
VIX. A change in behavior to say the least! Head winds in weeks!What Is the Cboe Volatility Index (VIX)?
The Cboe Volatility Index (VIX) is a real-time index that represents the market's expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). Because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility. Volatility, or how fast prices change, is often seen as a way to gauge market sentiment, and in particular the degree of fear among market participants.
The index is more commonly known by its ticker symbol and is often referred to simply as "the VIX." It was created by the Chicago Board Options Exchange (CBOE) and is maintained by Cboe Global Markets. It is an important index in the world of trading and investment because it provides a quantifiable measure of market risk and investors' sentiments.
KEY TAKEAWAYS
The Cboe Volatility Index, or VIX, is a real-time market index representing the market's expectations for volatility over the coming 30 days.
Investors use the VIX to measure the level of risk, fear, or stress in the market when making investment decisions.
Traders can also trade the VIX using a variety of options and exchange-traded products, or use VIX values to price derivatives.
Bullish Move to $400About 2 weeks ago we got some strong bullish momentumfrom $200 to $290-$300 area, after months of consolidating/ranging. Once that momentum died we came back to retest $200 and it seems to be holding as a strong Support and price has yet to break lower. My projections is that bulls step back in and get us across to our all time high of $400.
NZDUSD LONG 1DAs you can see, the photo shows everything detailed this is a classic sample of Dow Theory. You can take a look at the bigger time frame by yourself because this bullish chart pattern seemed like a correction movement. Now I believe that there might be an impulse movement. If you're following my idea, then manage your risks as always thank you.
weekly BTC chart insight, a possible scenario to consider I placed a wager that Bitcoin will not hit $70,000 before November ends, before placing the wager cos I haven't done so before, I had to look at my chart and understand what the price action looks like cos I am a pure price action trader. Considering the build up so far, a person can identify that we have seen quite a retest from 8th of March through 10th of May, before a sell off to the Key Support we have now, from this level we started identifying a HH and HL, if we can get another SUPPORT at $51917 then we have a new HH and HL, otherwise if we see a sell of below that price then it has invalidate the idea of a Bullish Move. However, I am looking at several scenario from looking at the chart, There is the possibility of a DOUBLE TOP forming if we see a BEARISH ENGULFING closing at the end of the week.
Looking at the indicator session, we will see where price has alternated from oversold to overbought area touching respectively 0% and 100%, also, both the price action on the chart with TREND-LINE acting as RESISTANCE and on the indicator with the TREND-LINE acting as a RESISTANCE indicates that we are looking at the possibility of seeing a sell off.
The key take away here is that if the current weekly candle closes as BEARISH we could a sell off.
Daily Trend shows Bearish however, 1H is showing a HHs and HLsAt the circled area, price is currently trading at SUPPORT AREA, looking back we have been able to identify several retest/break-out.
Things to Expect:
Bullish;
If price can buy above 0.73161 then we are seeing a buying opportunity.
Bearish;
If price breaks below SUPPORT AREA, to trade below 0.72825 then we have a Sell to the next SUPPORT AREA.
Master's way to use Fibonacci ToolHello traders and dear followers!
I have not posted any idea since the start of this month but today I am back with a powerful strategy that will help your trading easy and the strategy is also very easy to apply. It works exactly as you have ever imagined/wished that God should give you.
1. A strategy that can predict the Target perfectly.
2. At the same time strategy should predict the next drop.
3. Plus strategy should also guide you through every up and down before reaching your target. LOL
We will only use the Fibonacci retracement tool and you can select Fibonacci tool from the Tool column on your left and it's inside the third option. To make it your favorite toll hit the star button.
In this strategy, you just have to find a chain of bullish candles. A chain should be of at least 3 or more continuous bullish candles and after that look for the first bearish candle and that's the first step.
Now look at the chart it's W1 btcusdt candlestick chart. If we see from 14-dec-2020 there is a set of 4 continuous bullish candles. Start the Fibonacci toll from the bottom of the bullish candle and put '0.618' Fibonacci level at the point where the first bearish candle is closed. Now Fibonacci '0' level is your target.
We can see BTC hit the Target and then drop. It's simple as that.
Let's move to the second example
The second example is the ethusdt D1 chart. In this chart, there are 2 examples. The first one has 4 continuous bullish candles and the second one has a set of 5 continuous bullish candles.
I started the Fibonacci Retracement tool from the start of bullish candles then set my Fibonacci '0.618' level at the point where the first bearish candle is closed and '0' is the Target.
We can see ETH has already achieved both targets.
In the first case of ETH it dropped after completing the target and the current one is still live means it is ready to drop soon.
You can use this tool in any timeframe.
At the beginning I gave 3 points and above you saw it complete target which was my first point and all dropped well after completing the target which was my second point and for the third point set these Fibonacci pairs the same way in any pair in 4hr or above timeframe than after that change the timeframe to 15/30/1hr timeframe and you will be amze to see how perfectly Fibonacci levels are respected.
If you want more just hit the like button and follow to stay connected.