Higherhigh
BTC Dominance IdeaThis is a triple bottom idea. This can happen, it does not mean that it will. In this simulation chart, we show BTC Dominance topping out at next trending resistance, RSI is currently over bought and rising ,so we somewhat have justice to this idea. Next BTC.D would settle down some and then retesting resistance before being rejected and sent down for a third and final bottom. (This would indicate alts fly one last time before BTC Dominance takes over for the final blow). Follow for more fun crypto ideas, enjoy.
Back above the 1 day 50ma & the mid channel trendline!We have just followed up a 1 day chart higher low with a higher high which is also a good recipe for a bullish trend reversal. Need to see a follow up additional higher low from here now to really set it in stone but it’s very possible we go all the way up to test the 1 day 200ma (in blue) before that correction down to the next higher low. The target for finally breaking above the mid channel trendline (in yellow) is the top of the channel to test the descending channel’s green top trendline. Wouldn’t surprise me if we retesting the 1 day 200ma at the same point we test the top trendline of the channel around 44k then get rejected back down for a higher low (maybe to retest the middle channel yellow trendline one last time as solidified support before finally breaking out of the entire channel). Of course there’s no guarantee of that retest it could just decide to go parabolic and blast past the channel’s top trendline upon the first retest. However odds favor an initial rejection if that trendline is double reinforced resistance with the 1 day 200ma (in blue) overlapping it. Always a chance we could see a slight correction on the way up to that top trendline first though and achieve the follow up higher low before even testing it, in which case we could correct as low as the mid channel yellow trendline imo. All in all, having this turn around occur right after amazon finally admits it’s exploring crypto for payments which we all knew they were going to eventually do, is enough of a bullish excuse to send it flying so the correction could very easily be over. I’m leaning bullish in the slightly more macro short term.Stillw ant to see that follow up higher low first though.
GBPUSD LONG IDEAHey guys, i'm bullish on this pair. I expect this pair to play out in either of the two ways shown in the chart. Incase those trendlines gets broken to the downside, my bias will change.
REACCUMULATION ON NETFLIX!Hello my beauties.
It seems that Netflix has entered and completed a reaccumulation phase. This is normally deduced from the higher highs the price creates. Its tendency to rise throughout the range without providing a SOW (sign of weakness) indicates strong interest in buying the dips.
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Luca, TrickleDownFX
Where is GBP USD going?4hr view is easier for me today plus its Friday so who wants to work? ;)
New HH created based of previous LH break (for my trading style) if the low gets broken then we could be trending down - or no pullback below the 50% of the push up and a straight run right up to Supply then a reaction… who knows who cares?
Watch on lower timeframes for trend changes in key areas and trade safe
Apple rising slowlyApple is slowly rising. It flipped a resistance to a support and it keeps going up with higher highs and higher lows.
PERPUST Next impulsePerp is ready for its next impulse, time to buy from here. Don't forget use stop-loss!
Bank nifty Higher High & Higher Low For Bank Nifty my personal view is long as BN above 200 EMA and Forming HH HL.
Market Structure | Impulse/CorrectionsMarket Structure | Impulse & Corrections 🎡😈
What is Market Structure?
Market structure is a trend-following technique that traders use to read and track how the price moves. Bullish moves, bearish moves, and ranges in between Market structure is also known as price action at times. As a result, we call it market structure since that is how the entire market moves.
How to identify Market Structure?
Wait for a swing high/low to be broken.
(candle-stick body must close above swing high/low)
What is Market Structure telling us?
in a Up-trend scenario, higher-lows will provide
in a Down-trend scenario, high-highs will provide
What is impulse/corrections?
The natural behavior of the Market.
What is correction?
When price is in a ranging or sideways market.
What is a impulse?
The point when price impulsively breaks out of the correction
How to use Impulse/Corrections?
to identify which phase we are in, and what to expect next.
Summary:
Market structure is the guidance to a trade setup, failing to identify market structure will lead to many unnecessary losses and an overall bad analysis.
Every trade consist of few things such as..
The first step to a trade is analysis which requires market structure in order to do so.
Very simple rules to follow.. BUY LOW - SELL HIGH 🎡
BTCUSD - Three Rising Valleys Chart PatternWill the buy signal be triggered?
Chart shows the possibility of the Three rising valleys chart pattern and it's target.
BTCUSDTfor now HHs and HLs of bitcoin is formed an uptrend. the new HL of bitcoin should not be below the last HH in the uptrend. the last HH of bitcoin is shown in the chart.
AMD: Is it a good time to buy?Hello my friends! Let’s how AMD is doing today!
First, in the 1h chart, it is in a bull trend again, as we have higher highs/lows. The first pivot point triggered was at $ 109.77, and we have a second one that has yet to be triggered at $ 111.70. We are above the 21 ema again, and everything looks bullish from here.
Let’s look for more clues in the daily chart:
Yes, AMD just did a pullback to the area between the 38.2 and 50% Fibonacci’s Retracements and it is reacting nicely. I would prefer to see it at the 21 ema, and there’s still a good chance that we’ll see this happening. If we drop below the 38.2% retracement level again, I see a sideways correction on AMD, something like AAPL is doing.
A sideways correction is the healthiest movement on AMD, in my view, but if it triggers the pivot point in the 1h chart again, and if it keeps above the 21 ema, probably we’ll see a retest of the ATH, and then we’ll see how to proceed.
During the pullback seen in past few days, we see that the volume is decreasing, indicating that this is just a healthy pullback, not necessarily a sell-off. That’s one of the reasons why I don’t see AMD reversing the trend in any level. In the worst-case scenario, I see an annoying congestion. In the perfect world, we would retest the 61.8% retracement, but I’m not counting on that. Personally, I would only buy it if we get closer to the 21 ema.
AMD is a great stock, but I see better opportunities around. Maybe if I had a portfolio of 50 stocks, I would buy AMD right now, but that’s not the case.
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Have a good weekend.
Candlestick Analysis Only Based on this candlestick analysis will ZM return to a higher high? OR is a down trend about to start?
You are the analyst
Comment your thoughts below
Bank nifty Creating Hight High and Higher Low on Hourly chartBank Nifty is on uptrend keep this chart in mind. Can use on Hourly basis
EURAUD 8 HourPrice currently is following an uptrend making higher highs & lows. Price is now at a very powerful zone making a new higher low, & momentum seems to be slowing down here. From this zone, I will be watching price action for confirmation for price to resume the uptrend for a new potential higher high next.
EUR/USD LIKELY TO MAKE NEW HIGH !! #BUYEUR/USD Seems Strong enough to make New Highs!
Buying of this pair was already recommended at 1.18300 on previous chart.
Note: Please do your own research before any trade action.
Buy Zone: 1.18430 - 1.18530
Stop loss: 1.17730
Target Zone: 1.19920 - 1.20137
BTC BTC BTC <310 day green candle streak and finally a higher high off of this omega downtrend. Close to a 45% pump, this feels so good. Now dump it to 33.5K for a juicy retest and let the alts have a 2x! That would be...perfection.
AUDUSD: Short IdeaHello, Traders!
I expect a short term continuation of this downtrend. If we take the current movement to the downside into account we can see that it's pretty weak and that a flag consolidation is being formed. On the daily time frame the 200 MA indicator might act as a support. It is better to watch this pair closely as it could soon move up again.
What do you guys think? I'd be happy to know your thoughts about it.
Bullish Baise ict Bullish Basie Because price react weakly and daily level h4 clearly bullish so waiting for retracement ..
Bullish trade IdeaNow In dxy and GBPUSD make SMT dvergance .So my baise is Bulish i started looking day and osok Setup in Kill zone
SPCE bound Signals for a bullish Butterfly pattern currently forming.
We might be gearing up for a possible retracement back into the $35-$40 range upon completion of the butterfly, which is where I’d look for an entry.
SPCE seems to be consolidating for the moment, as it builds momentum for the next push to an all time high.
As we gear up and advance towards the July 11th launch date, I expect the volume and volatility to spring back into action for us investors.
Is the Bearish Trend still Possible??Considering the Bearish Trend which created a LLs and LHs inside the Ellipses, we saw an invalidation through the channel which tried to create a HHs and HLs but then the ZONE from the HH was a SUPPORT AREA which we saw a consolidation and a break below, the Break-out was also a consolidation which we were expecting a break either above or below but the certainty was a SELL OFF because we needed to observe the previous price action to determine what to expect ahead. Price has now invalidate the channel up and a break below the ZONE Area. I am anticipating a continuation of the DOWN-TREND because the recent HH is a Swing High and were we have an invalidation of the recent HL as a Swing Low. From the the Fibbonnaci we have seen a correction of 50% towards the Resistance Area, a Bearish Engulfing has been confirmed at the Resistance Area which a SELL OFF is possible and likely to resume a LH and a LL...
