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HTF Analysis of the Bitcoin TopHTF Analysis of the Bitcoin Top We are currently experiencing a widening cylinder due to the capitulation of today (26/11/2021). -The current bottom would be 48-53K. -A third top would be put in the 87-89K zone. -Next correction is marked to bottom around 69K. -This bottom would signal the start of the blow-off top that reaches it high around 200K. -A failed retest of this top is expected around 175K. -Finally the bottom of the massive correction is 89K. In summary from the July bottom: 29K -> 53K -> 39K -> 69K -> 49K -> 89K -> 69K -> 200K -> 175K -> 89K
BITSTAMP:BTCUSDLong
by rifuxe
1
XRP - WeeklyThis pair isn't as clear as the last 2 but if a drop was to start from the levels BTC & ETH are at this is where XRP should follow suit. A retest of the smaller fibonacci's 78.6% retracement around $1.29 - 30 would be where I will take another sell position. Any closes above $1.30 - $1.41 we can likely see $1.70 again. Anything above $1.70 we can easily and quickly see the ATH retested at $3.30 The Daily timeframe is the one to watch on this pair to see if we retest that 78.6% retracement.
BITFINEX:XRPUSDShort
by jakedubbz
Bitcoin: The final bossBitcoin has recently finally broken out of the 42-30k range with a nice price increase afterwards. Currently facing HTF resistance @48-50K, we brake this big resistance we could see new ATH's. If we get rejected hard we are back inside the range of 42-30k again and we consolidates some more. Bullish scenario: Weekly closes above 20W and hold it as support Bearish scenario: Rejection and lose the 20W Both scenario's are not that bad if you look at it as an investement perspective.
BITFINEX:BTCUSD
by tspj2000
1
GBPJPY - 4-8 Oct Weekly PlanGBPJPY - 4-8 Oct Weekly Plan Monthly: With Sept close bearish below recent monthly support at 151 and Monthly resistance from April 2018 at 150.50, I would expect more down side continuing the current bearish pressure. Weekly: Previous weekly solid bearish close confirms the bearish pressure on GBPJPY and any pullback failing to create new high and get rejected from recent resistance. Looking for this weekly candle to have more to the down side continuing the previous week bearish momentum. A weekly close below 149 needed to confirm a solid bearish momentum and a deep fall is under the way. Daily: Bearish structure is respected every time we have a bounce from 149 with a LH formation which confirms the bearish momentum we are in since we reached yearly high at 156. A range is established and became clear on GBPJPY at 153 range high and 149/148.50 as range low. A break of that range needed to have a clear direction away from the current range that is shrinking every month. Friday daily close is solid bullish bouncing from 149 support, still early for looking for longs until we have a HH/HL formation on daily. Every bounce from support is for me an opportunity to look for shorts are resistance areas as long we don’t have a HH formation. News: No major news for GBP this week, some for JPY. But the main is NFP on Friday. So be cautious for moves prior to NFP day in preparation/anticipation/ repositioning of big players. Note: I was watching GBPUSD lately for correlation with GBPJPY, GBPUSD broken a HTF structure and looking now if it did hold below 1.36 for a deep move to the down side which I think it will be the trigger for GBPJPY for breaking 148.50 for a deep move. Daily Chart: GBPJPY
by Amr_Sadek
GBPJPY 19 - 24 Sept Outlook and Trade PlanGBPJPY 19 - 24 Sept Outlook and Trade Plan Structure: Weekly closed Solid Bearish Daily Solid Bearish LH/LL 4H Bearish (First break of bullish structure) Nothing major changed from last week outlook except that we managed to close below 151 after we formed HH last week but failed to hold the bullish structure and on Friday we had formed LH on 4H after retesting the broken structure. My Trade Opportunities: If we managed to respect the broken range low and price forms resistance below 151.20, i'll be comfort for shorts below 151.00 targeting the lows created any may be continuation. If we failed to stay below 151.20 and price start holding above, i'll stand aside till we clear and hold above 153 as price failed since July to close above. News: FOMC and GBP Rate decision week. So map your news times and try not to hold trades during news time. Wishing all a good trading week! GBPJPY
by Amr_Sadek
GBPJPY 13 - 17 Sept Outlook and Trade PlanGBPJPY 13 - 17 Sept Outlook and Trade Plan Structure: Weekly closed indecision in range Daily Bullish 4H Bullish We had formed HH on Friday, and currently we are retesting last 2 weeks range. My Trade Opportunities: If we managed to respect previous week range, I'll be comfort for longs above 152.20 targeting recent highs and possible continuation. If we failed to respect previous week range low, I'll be comfort with shorts on resistance formation below 151.40 putting in consideration 151 level as a critical level to watch reactions once reached. News: GBP is having very important news on Tuesday, Wednesday and Friday. So map news time on your chart. Wishing all a good trading week! 4H Chart: GBPJPY
by Amr_Sadek
Possible High Tight Flag set-upIMINT (Spotlight stock market Sweden) made a breakout from a cup and has since the low of the cup risen almost 90%. This is just below the ideal minimum of 100% of a high tight flag set-up. The pole of the flag was formed in 8 weeks with good volume on the way up. The flag is currently forming and is in its third week with so far significantly lower volume than during the rise. Current correction in the flag is around 15%. I currently see two possible entries. Entry 1: By checking with the daily graph there is a small top at 73 on the first of september. If price rises above this point on good volume an early entry could be possible. Entry 2: If price breaks the high of the flag 76.8 on good volume this presents a clear entry. I'm already in this stock since the breakout from the cup and I'm looking to add at a breakout from the flag. I do not have a set price target but will instead let price, volume and moving averages guide profit taking.
ILong
by nbdl
1
GBPJPY 30 Aug - 3 Sept Outlook and Trade PlanIt's NFP Week!! 1- Monthly structure still holding bullish and bouncing from 148.50 level. We are having 3 bearish candles since reaching year high at 156. This causing GBPJPY any up move is treated as a pullback until we have a close above 153 for the bullish momentum continuation. 2- Weekly is ranging between 148.50/153.40 with previous weeks are showing bearish structure within the range. Until we have a close above 153, GBPJPY will be bearish and any up move will be treated as pullback. Previous week was bullish but failed to close above 151.50/67 which is previous support, a close above it can give a nice push to retest 153. 3- Daily structure still bearish after reaching yearly high with LL/LH formation. Last support formed looks to be a double bottom which pushed price to retest above 151 and barely closed above it. Friday push failed to close above the recent resistance at 151.40. Until we have a daily close above the recent resistance, another push to the down side will be in play. A close above 151.40 will give a nice push to retest 152 with consideration to 151.67 the Weekly and daily support level currently acting as resistance. I’ll be looking to the following: Long: a support formation above 151.40 targeting 151.67/152 Short: A close below 150.50 will confirm the bearish momentum continuation for a retest to 150/149.50 News: Its NFP week on Friday, so expect the unexpected till Friday GBP: Wednesday and Friday will have important news JPY: Monday and Tuesday will have important news
by Amr_Sadek
HTF LONG - 0.6969 ETHBTC coming at yaCombination of fractal behavior and 3 years of consolidation is about to send Russia to the moon. Let's aim for that top trend line resistance. I know what the drawing says, but 0.6969 or 0.69420 ETHBTC is about where we should end the run. Next major correction... late July after a DeFi summer. Perhaps a sell the news event when EIP1559 comes out? Maybe the market sells on Ethlon Musk buying into $ETH after PoS, expecting him to talk shit about it a week later on Twitter. Can we rule anything out at this point? Following this as my guide until there's a major deviation.
Long
by pobudz
BTC price reversal: comparisonThis could be nothing. Perhaps too simplistic, but the recent rally ending in May looks eerily similar to this recent run. Comparing 1D between FEB and MAY with 12h between July and now. No Elliot/Wyckoff stuff here, simply annotating the tops for comparison. Apart from the price forming a very similar pattern, notice how the volume on both is decreasing and how similarly RSI is printed below their respective waves on both timeframes. I'd be looking for one or all of these to happen on the 12h in the next days/weeks: RSI crashing below 50 Break in market structure - forming a lower low RSI failing to break back above 50 - failing to re-establish the uptrend Forming a lower high (D) (ideally after LL is formed) If this would play out, it would support my previously shared long-term view on the weekly.
INDEX:BTCUSDShort
by S4nra