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Keylevel

All Eyes on 30,240 4Hr Level 👀I like 30,240 for the Daily Close. Price is consistently respecting our 30,600 Level. We can observe a sort of head and shoulders whatevr you want to call it and multiple daily highs rejecting 30,600. Is it our Fakeout level back to 28,500. I can see fomo buyers holding the bag here just because of our daily highs at 30,6 looks like distributing. If i'm a buyer i would like to continue to see HL's and we stay above 30,24. Then we may increase up to next daily level at 31.3K. Otherwise we may range or slowly distribute back down to 28,5 for liquidity.
COINBASE:BTCUSDShort
by ShrewdCatfx
Fomo Buyers + News Correction of Unemployment & PPI Data 🎢You may observe rejection of 1.1057 Weekly Level as mentioned in prev post. Very good sell opportunities as we rejected the weekly level and Fomo buyers were caught off guard. The American consumer is struggling and can be observed by retail sales data. We had a 7am Continuation when consumer sentiment was released , acting as a catalyst to continue momentum of the already established direction as we rejected 1.1057 weekly level as big buyers TP above 1.103 extreme prices. We would prefer to See the Daily candle to close below 1.0988 for Sells to continue. For Buyers we maintain an overall bullish trend if we hold above 1.0988. We do see some very large engulfing candles on the 4Hr on EU here. That is why I'm looking for some sort of continuation to the lows as we walk into the weekend and the open on Sunday. I think DXY bulls are on to something here but it is CPI week and the weekly candle is closing bullish. I would like to be proven wrong early in week next week like Sunday/Monday for more buys back up to 1.1057 and higher.
Short
by ShrewdCatfx
2
That Small Win, Makes A BIG Difference!The big lesson I had to learn on this trade was risk management. My mentor has drilled in my head the value of risk management, so I decided to set a stop loss for this particular trade. You may ask where? My answer to you would be: in profit... In order to pull something like this off, you have to be a risk taker, because, when we entered this trade, we did not have a stop loss set. It was with the wind. , No it, was actually headed to the next zone, but I had to have wiggle room for it to break above the zone before making a pullback. With this type of trade I had solid confluences to make the leap for myself, I am meerly sharing this with you because I set my first stop loss in profit in the month of April! HOORAY! In conclusion I'd like to share today's entry from my trading journal: NEWS: NO DID I FOLLOW MY PLAN? Yes! I followed my price action strategy. WHAT DID I DO WELL? 1. Entered the market in the break of an counter-trend. 2. Traded the pair in the correct session. 3. Exercised good risk management, by setting a stop loss in profit. WHAT CAN I DO BETTER? 1. Allow price to enter my zone before I exit a trade. 2.IF I SEE A MOVE IN THE NEWS, EXIT TRADE MANUALLY TO INCREASE REWARD RATIO WHAT DID I LEARN? 1. Risk management will get exponentially easier over time.. 2. How To Set SL in profit! DID I PREPARE PROPERLY? YES, I waited for my confirmation!
Short
by Cashflowmarcofx
EthererumThese are levels that I'll be keeping an eye on when dealing with ETHUSD, and I'll revise as price action progresses. I adapt to the change in money flow. This is short-term movement I'm tracking, but soon I'll do an analysis from the higher timeframe perspective. Price had a bullish impulsive and now it's forming an ascending channel to two key levels which is where I'm anticipating for it to flip from bullish to bearish. It's a possibility it can fall short of reaching the levels if there's enough pressure in the area. We shall see... P.S. I am overall bullish on this crypto.
BINANCE:ETHUSD
by ChrisJTradesFX
2