Imbalance
EURUSD Top-Down Analysis-BearishTaking into account that the higher timeframes dictates the price movement I started to analyze
the Monthly and Weekly chart first.
I noticed that on Monthly the order flow is Bearish and that we are right now in a Supply Zone .
On Weekly the price Changed the Structure from the big monthly Supply by liquidating a Structural Low .
Then I noted the Supply Zones in the weekly Range.
I dropped down on the 4h chart to see what the price is doing inside the weekly Supply Zone.
On 4h chart the trend is still bullish but can confirm the bearish continuation by closing below the structural low .
On the 30m chart the trend is bearish but we can take longs on 15m chart until the Supply zone on 30m is reached.
Then we will need to wait for either a confirmation that the trend will continue bearish or a change of structure to confirm the bullish continuation on 4h.
🏖️ SAND's Bullish : Descending Wedge BreakoutThe crypto seas are witnessing the rise of Sandbox's native token, SAND, as it navigates a bullish pattern amidst market dynamics. In this exploration, we dive into SAND's chart, unveiling a compelling narrative of a descending wedge and a strategic reaction to a weekly imbalance.
Chart Analysis: The SAND Dunes Unveiled
SAND's recent price action has painted a fascinating picture on the charts, with the formation of a descending wedge—a classic bullish pattern signaling potential upward momentum.
Key Observations:
Descending Wedge Overview:
SAND's price movement has been confined within the walls of a descending wedge.
This pattern, characterized by lower highs and lower lows, often precedes a bullish breakout.
Strategic Response to Weekly Imbalance:
SAND has exhibited a noteworthy reaction to a weekly imbalance point.
Imbalance zones often act as catalysts for price reactions, serving as pivotal levels for traders.
Critical Levels: SAND's Journey to $1.6
Wedge Breakout and Liquid Pool at $1.6:
The breakout from the descending wedge is a crucial milestone for SAND.
The $1.6 level marks a significant zone where a liquidity pool has congregated.
Potential Scenarios: SAND's Expedition to $1.6 and Beyond
Wedge Breakout and Momentum Surge:
A confirmed breakout from the descending wedge could trigger a surge in bullish momentum.
Traders are keenly eyeing the $1.6 level for potential liquidity-driven movements.
Validation through Imbalance Response:
SAND's acknowledgment of the weekly imbalance further validates the bullish narrative.
A combination of technical patterns and strategic reactions enhances the confidence in potential upside movements.
Trading Strategy: Navigating the SAND Dunes
For traders considering SAND in their portfolio:
Wedge Breakout Confirmation: Wait for a clear breakout from the descending wedge before entering positions.
Targeting $1.6: Identify strategic entry and exit points around the $1.6 level, considering the liquidity pool dynamics.
Risk Management: Implement effective risk management strategies, given the inherent volatility in crypto markets.
Conclusion: SAND's Ascent and the $1.6 Oasis
As SAND charts its course within the bullish descending wedge, the $1.6 level emerges as a potential oasis—a liquidity-filled pool awaiting exploration. Traders and enthusiasts are watching closely as SAND seeks to transcend its current patterns and dance to the rhythm of a potential bullish symphony.
🏖️ SAND Analysis | 📉 Descending Wedge Breakout | 🎯 $1.6 Liquidity Oasis
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Have your grains of SAND ready for the bullish tide? Share your thoughts, analyses, and predictions in the comments, contributing to the collective wisdom of the crypto community. The journey through descending dunes brings forth the promise of upward momentum for SAND enthusiasts. 🚀🏝️💚
2018 Rejection ===> 2002
Looking at this chart, we can see Price was moving in a a 1HR range, from 2015, we saw some rejection that took Price down to 2005 where Price failed to close below the range, and we saw a sharp rejection at the imbalance/FVG to the upside which brought us to 2014 where Price finally closed above the range, and it continued trending up to 2017.
The rejection at the FVG/Imbalance is a liquidity that needs to be taken if Price wants to make another swing high, which means Price might get to 2002 after sweeping the current high at 2018, and getting rejected.
More update will follow at NY Session where the action resides.
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
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EURJPY TREND LINE BREAK 1HR - SELL OPPORTUNITYClear trendline breakout with retest on lower trendline. Sell limit set from order block and imbalance on 1hr timeframe. waiting for equal high liquidity to be filled. Could be a great 1:9rr. If triggers running in 1:1rr will be trailing sl to previous lower high.
Bitcoin's Tight Squeeze: Are We Preparing for a Big Move Up? 🚀Bitcoin (BTC) is experiencing a period of intense consolidation, characterized by narrowing price ranges and increased trading activity. This compression often precedes a significant price movement, and based on the current dynamics, many traders are gearing up for a potential bullish breakout.
Squeeze & Liquidity Sweeps: The Tug of War
In recent market sessions, Bitcoin has been exhibiting a strong squeeze pattern, causing price volatility to contract. Despite this tightening range, there's a noteworthy trend – liquidity sweeps are primarily occurring on the upside. Liquidity sweeps involve large market orders that briefly dip into specific price levels to trigger stop orders or accumulate positions.
What's Ahead: A Retest of the Daily Imbalance
As we navigate this period of compression, many market participants are keeping a close eye on the daily imbalance level around $31,000 - $32,000. The significance of this range lies in the liquidity dynamics. Traders are eyeing a potential retest of this zone, which, if successful, could trigger a renewed bullish momentum.
Trading Strategy: Navigating the Uncertainty
For traders, the current situation is both a challenge and an opportunity. This tight consolidation phase is an ideal time to refine trading strategies and adopt risk management techniques. The impending price movement might provide exciting trading opportunities, but it's essential to be prepared for both bullish and bearish scenarios.
Conclusion: The Calm Before the Storm?
While Bitcoin may appear to be in a tight squeeze, the market is far from idle. Liquidity sweeps and the potential retest of the daily imbalance zone add complexity to the picture. With these dynamics in mind, traders are ready to seize opportunities as they arise, whether it's a breakout to the upside or a different turn of events.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
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Share your thoughts and analysis of Bitcoin's current situation. 💚🚀💚
USDJPYWas waiting for the next opportunity after getting stopped out from the last trade. There might be the end of the uptrend for UJ for now. I've placed my trade on last Monday, and there's so many big news on USD these few days.
As there weren't any hiking in rates, it's time to fill up the imbalances below.
Let's share idea's based on UJ, do drop down a comment on why you bought it and why do you sell UJ.
NOTE: I'm not a financial advisor
EURJPY: Important Bullish Breakout & New High 🇪🇺🇯🇵
EURJPY is trading in a long-term bullish trend.
The price formed a huge ascending triangle formation on a daily,
perfectly respecting 159.8 - 160.0 resistance.
Yesterday, the pair formed an imbalance bullish candle
and successfully closed above the neckline of the pattern,
setting a new higher high higher close.
It will most likely push the prices to the new highs.
Next resistance - 162.5
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BNB: Manipulative Moves in TriangleBNB has become the focal point of attention lately, caught within the confines of a significant triangle. What makes this setup intriguing is the consistent formation of equal lows at the bottom, an enticing prospect for market makers. These stable lows create an ideal opportunity for market makers to trigger stop losses hidden beneath these levels and propel the price higher.
The Art of Manipulative Moves:
Cryptocurrency markets are rife with manipulation, and BNB is no exception. Its current state, stuck within a giant triangle, provides an ideal playground for manipulative actions. Market makers can exploit this pattern by creating false impressions, triggering stop losses, and generating volatile price movements.
Exploiting the Imbalances:
Moreover, on the weekly chart, there are lingering open imbalances waiting to be addressed. Market manipulators might seize this opportunity to rectify these imbalances, a move that could potentially fuel further upward momentum.
Trading Strategy:
Caution and Vigilance: In an environment marked by manipulation, caution and vigilance are your best allies. Stay alert to sudden price movements and be prepared for unexpected volatility.
Solidify Your Strategy: Reinforce your trading strategy, incorporating robust risk management practices and stop-loss orders to protect your positions.
Stay Informed: Keep a keen eye on the market and stay informed about news and events that could influence BNB's price.
Conclusion:
BNB's current situation within the giant triangle is a testament to the complexities of the crypto market. While patterns and setups offer valuable insights, it's crucial to acknowledge the presence of manipulative forces. As a trader, your ability to adapt, remain vigilant, and navigate these manipulative maneuvers will be your strongest asset.
Remember, in the crypto world, knowledge is power. Stay informed, trade wisely, and may your journey in this dynamic market be filled with success.
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AAVE's Bullish Pattern🌊AAVE is making waves, and it's not just another ordinary move. It's showcasing a powerful bullish pattern that suggests it's on a mission to dominate the buy side liquidity like a conquering force. The initial target in its sights? $133, and it seems to be approaching this objective with unwavering determination. 📈🌊
The Bullish Pattern Unveiled:
AAVE's price action has unveiled a striking bullish pattern that's capturing the attention of traders and investors alike. This pattern signifies a strong upward momentum, and it's not something to be taken lightly. 📊🚀
Aiming for Liquidity Domination:
What's even more fascinating is AAVE's clear intent to take over the buy side liquidity. This means it's strategically working to clear out buy orders above its current levels, creating a path for further price advancement. 🧭📈
Initial Target: $133:
The first milestone on this journey appears to be the $133 mark. AAVE is seemingly determined to reach this level, and it might not stop there. 🎯🚀
Trading Strategy:
Observation: Keep a close eye on AAVE's price action and the progression of this bullish pattern.
Risk Management: As always, implement risk management strategies to protect your investment, especially in the volatile crypto market.
Fundamental Awareness: Stay informed about AAVE's fundamentals and any news that could influence its price.
Conclusion:
The cryptocurrency market is known for its fascinating patterns and explosive price movements, and AAVE seems to be aligning with this tradition. While patterns can offer insights, they don't guarantee outcomes, so it's essential to trade wisely and adapt your strategy to the dynamic nature of the crypto space.
AAVE's determination to dominate buy side liquidity and its initial target of $133 are compelling signals. As you navigate these exciting waters, stay vigilant and informed, and may your trades be prosperous.
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XAU ShortsI took shorts this morning and ill explain why...
Fundamentally the us index was looking positive.
I noticed on the higher time frame that XAU has been at a steady bullish run since last Friday.
Using wyckoff schematic on the 4hr, taking time and price into consideration, I made the ultimate decision to take my chances on the short for a 1:3 and 1.5% ROI
Trading Fake Breakouts ! Real ETH Move UP The Art of Trading Fake Breakouts:
Fake breakouts occur when an asset's price appears to break a significant support or resistance level, only to quickly reverse in the opposite direction. They can be frustrating but are also opportunities in disguise.
Ethereum's Triangle Pattern:
As of late, Ethereum has been forming a triangle pattern, a classic setup in technical analysis. Typically, traders expect a breakout from this pattern to signify a strong directional move.
However, here's where the twist comes in. I'm keeping an eye on a potential fake breakout scenario where Ethereum might appear to break below the lower boundary of the triangle. This could trigger panic selling among some traders, leading to a sharp dip.
The Real Growth Opportunity:
Now, here's the interesting part. This fake breakdown could be a prelude to a genuine price surge. After shaking out the weak hands, Ethereum might reverse course and embark on a true upward journey.
Trading Strategy:
Patience: Don't rush to trade the initial breakdown. Wait for confirmation that the move is genuine.
Confirmation: Look for clear signs of a reversal, such as strong buying volume and price action back above the triangle's lower boundary.
Risk Management: Always employ risk management strategies, like stop-loss orders, to protect your capital.
Research: Stay informed about Ethereum's fundamentals and any relevant news that could impact its price.
Remember, trading fake breakouts requires keen observation and a calm demeanor. It's about navigating market psychology and seizing the opportunities that arise from the panic of others.
So, stay vigilant, be patient, and keep an eye out for the twist in Ethereum's tale.
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GbpUsd Is Otw Back To 1.23xx Level Minimum
Yesterday I entered long for GbpUsd. The R:R is quite good. Min 1 to 2.
Whenever price hit the imbalance zone of 4 hours chart I plan to take 50% off from the market and leave nother 50% at break even and let the market unfolds.
Who share the same thought?
Trade with care. Don’t jump in. May the pips be with u. Happy weekend.
Weekly Imbalance Filling for CHAINLINK 🚀💼In the ever-evolving world of cryptocurrency trading, recognizing unique opportunities is essential for success. One such opportunity that often goes underappreciated is the concept of weekly imbalance filling. In this post, we'll dive into what weekly imbalance filling means and why it's crucial, especially for assets like LINK, which hold significant growth potential.
Understanding Weekly Imbalance Filling: A Hidden Gem
Weekly imbalance filling refers to the process of fulfilling previously unmet market orders, typically those accumulated during weekly price gaps.
These gaps represent levels where market participants have unexecuted orders, creating a potential catalyst for price movements.
Why It Matters: The LINK Perspective
Chainlink (LINK), known for its innovative decentralized oracle network, is an asset with substantial growth potential.
Recognizing the power of weekly imbalance filling can be especially beneficial for LINK traders and investors.
The Potential Benefits: LINK's Growth Catalyst
Filling weekly imbalances can act as a strong catalyst for LINK's price appreciation.
By addressing these gaps, the price often experiences upward momentum as market orders are executed.
How to Leverage This Opportunity: A Game Plan
Identify Imbalances: Use technical analysis to locate weekly price gaps or imbalances on LINK's chart.
Monitor Closely: Keep a close watch on these levels, as they may serve as key turning points for LINK's price.
Trading Strategy: Develop a well-thought-out trading strategy that incorporates weekly imbalance filling as part of your decision-making process.
Risk Management: Always employ sound risk management practices to protect your capital.
Conclusion: Seizing the LINK Opportunity
In the dynamic world of cryptocurrency trading, it's crucial to stay vigilant and explore all potential avenues for profitable opportunities. Weekly imbalance filling represents one such avenue, and when applied strategically, it can serve as a powerful catalyst for LINK's growth.
Chainlink's unique position in the blockchain ecosystem and its ongoing development make it a prime candidate for benefiting from this phenomenon. By understanding and harnessing the potential of weekly imbalance filling, traders and investors can position themselves for success in the LINK market.
Remember, while this strategy holds significant potential, it's important to combine it with comprehensive analysis and disciplined risk management for a well-rounded approach to trading LINK. 🚀🔗🚀
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Can Bullrun Start Without Gap Fill? 🌄🕳️ The Gap Dilemma: Price gaps occur when there's a notable difference between the closing price of one trading period and the opening price of the next, often seen on the charts as a "hole" in price action.
🔍 Gap Filling: Traditional market wisdom suggests that gaps tend to get filled, meaning that the price revisits the gap area and trades within it. In Bitcoin's case, this could mean a retracement to fill a previous gap before further upward movement.
📈 Historical Anomalies: Interestingly, Bitcoin has shown a tendency to defy this norm. In its historical price data, there have been instances where significant bullish trends started without revisiting or filling previous gaps.
🌐 Market Sentiment: Bitcoin's behavior often reflects overall market sentiment. If there's overwhelming bullish sentiment, it might bypass gap filling and initiate an upward move.
🚧 Caution Required: While Bitcoin's past actions might suggest the possibility of such scenarios, it's important to approach each situation with caution. Market conditions can change, and historical patterns don't guarantee future outcomes.
💡 The Takeaway: Bitcoin's unique nature means it doesn't always conform to conventional market expectations. While gap filling is a common phenomenon, the cryptocurrency has demonstrated the ability to start bullish trends without revisiting these gaps.
In trading and investing, adaptability and a comprehensive strategy are key. Keep a close eye on market sentiment, technical analysis, and news developments to make informed decisions.
Remember, there are no absolutes in the crypto world, and flexibility in your approach is your greatest asset! 📊🚀