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Potential BTC Descending wedge A descending wedge is a bearish chart pattern that is formed by a downward sloping trendline connecting a series of lower highs and a second, downward sloping trendline connecting a series of higher lows. This pattern is considered a bullish reversal pattern, as it typically forms during a downtrend and signals a potential reversal to an uptrend. Traders will often watch for a break above the upper trendline as a sign of a potential reversal, and may use other technical indicators, such as volume or momentum, to confirm the pattern. Expecting a 4hr bearish div to form so maybe we come back down and hit the bottom line a third time making this a solid pattern as for a chart structure to work we normally would like to see 3 or more touches to validate the support/resistance and then bounce from support and break resistance. If you entering when the resistance is broken like a breakout trader I genuinely believe this is to late as you should be catching this from the bottom; then when resistance turns to support you have a nice trade where you can put your S/L deep in the green. Should call this a Stop Win. Could potentially break this now and push higher so a mix feel about long and short think short term we will come back down but this pattern could easily break to the upside the same as the ascending triangle I posted y'day.
by investprogresscrypto
BNBUSDT Daily S/R| VAH, .618 Fib| Price Action Context Evening Traders Today’s analysis – BNBUSDT – trading at a key resistance level where a rejection is probable, Points to consider, - Price action SFP - Daily S/R Resistance - .618 Fib Confluence - Low Volume BNBUSDT’s immediate price action is corrective and is trading at a level of clear resistance, that is the daily level and the VAH, allowing for a bearish bias. The current volume is below average, indicating a rise fuelled by short squeeze; an influxes is needed to break this flow. Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above $2.88.20. Hope this analysis helps, Thank you for following my work And remember, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Short
by AzizKhanZamani
3
GRTUSDT Key High| .618 Fibonacci| Int-Daily S/R| Psfp Evening Traders, Today’s analysis – GRTUSDT – trading at an area of resistance where a high timeframe pivot is likely to occur, Points to consider, - Price action corrective - Key Psfp intact - .618 Fiboancci Confluence - Lower Monthly Objective GRTUSDT’s immediate price action is corrective and is trading towards an area that has multiuple technical confleunces, this allows for a bearish bias. The key Psfp level remains intact, suggesting liquidity resting, testing this rea will lead right into the .618 Fiboancci, there is where a rejection is plausible. It is important that one uses price action upon discretion/ management when executing this trade, invalidation is candle closes above the .618 Fibonacci. Hope this analysis helps, Thank you for following my work And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse
Short
by AzizKhanZamani
5
ETH Short or Long ? Check it out...Hiiiiiiiiiii Yeah Me again :)))) Crucial moment for Ethereum... There is only one resistance level left, will it be broken and we have to wait for a long position, or will it fall in sync with BTC and we have to enter a short position? Maybe you should just watch the chart, it's up to you !... Of course, the result of this moment will be known 15 hours later... Welcome to the crypto market, time flies here :) before I forget : please rate me :) Just do it :) please please pleeeeeeeeasse :)
by Sasha2077
1
The Doube Bottom Pattern - Bullish PatternThe **Double Bottom** is a price action pattern that is indicative of a trend change once activated. Price needs to establish a bearish expansion towards the lows before reversing with an impulse. The impulse then needs to get sold into; this will create a retest of the previous low that must hold. Price action will establish a “W” structure which become a sign of demand that leads to a bullish expansion. Key Characteristics of the **Double Bottom** - Price Action must first establish a bearish expansion - The retest of the previous low most hold - A ‘W’ like formation will confirm demand at the lows
Education
by AzizKhanZamani
1
AVAXUSDT PullBack Continuation| Daily S/R| Price Action| Trend Evening Traders, Today’s analysis – AVAXUSDT – trading in an up-trend, a pull back needs to hold to confirm a bullish retest, Points to consider - Daily S/R Support - .618 Fiboancci Confleunce - VAL Support - Order Block Support AVAXUSDT’s immediate price action is trading in an uptrend towards higher resistance, a pull back into support confluence area will allow for a bullish bias. The immediate objective will be the overall Daily Range high where a rejection is probable for a larger trading range. Price action is to be used upon discretion/ management, invalidation is multiple candle closes below the trading range. Hope this analysis helps, Thank you for following my work And remember, “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee,
Long
by AzizKhanZamani
1
Bitcoin ( BTC ) Long and Short setupsBTC meets resistance at 17.3 - 17.5, and at 18 - 18.4. A rejection can take us down to 16.9 - 16.4. I don't know how strong the 16.9 support is; it was more a resistance lately. SHORT OPPORTUNITY: I will look for a short opportunity at 18.3. I generally don't like to short BTC as I believe in it long term, and I don't know how long it can be held down. But a clear rejection at the December 15th rejected high at 18.3 is a good set up. I would then short it down to 17.5, taking some profits at 18 and 17.8. LONG OPPORTUNITY: If BTC is rejected at 18.3 and goes down, I will look for a long opportunity at 17.3 and 16.9. However, I will look for a clear failed wick down for that to happen. A clearer long opportunity is if BTC drops to 16.4 and at 15.5 for sure. I will have pre-orders at 15.5 with 50% exit at 16.4 for profits. Likes or comments are welcome =)
by KieranSeven3
SUSHIUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders, ' Today’s analysis – SUSHIUSDT- trading towards a key resistance zone where a rejection is possible Points to consider, - Price Action Corrective - Daily S/R Resistance - .618 Fibaoncci Resistance - Previous Consolidation Zone SUSHIUSDT’s immediate price action is trading towards a key resistance zone that is in confluence with the .618 Fibaoncci and two Daily S/R levels, this allows for a bearish bias. A change in market structure will be needs to confirm a trend reversals, this needs to occur at the previous consolidation zone. The immediate objective of this trade is the lower Weekly S/R It is important that one uses price action upon discretion/ management of this trade, invalidation is multiple candle closes above the last Daily S/R resistance. Thank you for following my work And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Short
by AzizKhanZamani
1
$SPY breakout or fakeout?Here is my weekly $SPY analysis for the week of 1/9/22. $SPY Friday broke out of this weekly trendline it has rejected since Jan 2022. However the breakout is right into a huge supply zone . We also do have some market data coming out this week so this should be good folks. Here the supply zone I wanna trade is clear, the huge weekly supply zone that everyone is eyeing. 389.43, 392.71. LONG: I presume if we can build a base around the 393 area it can be a nice setup for a rally base rally even higher. SHORT: 389.43 area is the level i'm watching for shorts. Really interested to see how we're going to react this week with the news before any swings. Just scalps for now. The area where we stalled last week can also prove to be a nice zone of interest if we sell back into it this week ZONE OF INTEREST/ STALL AREA: 383.36, 382.35 ❓ What do you guys think? Breakout or fakeout?
AMEX:SPY
by LegitElijaah
GALAUSD Weekly S/R| Price Action| POC| Impulse Evening Traders, Today’s analysis – GALAUSD- trading at a key resistance zone where a rejection is probable, Points to consider, - Price action impulsive - POC S/R Resistance - Climatic Node - Daily S/R Support GALAUSD’s immediate price action is testing a resistance zone that is in confluence with the POC and a Weekly S/R, allowing for a bearish bias. The current volume node is climatic; this is evident of temporary top if bull volume does not persist. The immediate objective is the lower order block support, price has technical merit to retest the region. Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above the POC. Hope this analysis helps, Thank you for following my work And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Short
by AzizKhanZamani
4
I could be wrong but..Just an idea, I definitely could be wrong. everybody is talking about a 2023 recession but the sp 500 has closed 3 weeks in a row near the high of the week. Sure its in a range but 3 bullish hammer candles in a row on the weekly chart? there must be some sort of institutional buying at the 3800 level because every time we go there I see a bounce back up. I feel that a possibility that would be the against the crowd is a strong move up on equities. I feel that a move lower is kind of expected, its the consensus and as we know the market moves against the crowd most of the time. I do believe we are heading lower at some point this year but keep you guard up for a strong move up to flush out the shorts followed by a move down when its least expected. from a trading perspective I will only be bullish above 4100. i feel the likely scenario is a pop to 4050 followed by a strong move down let me know your thoughts in the comments below I do respond to all comments. have a fantastic weekend :)
PEPPERSTONE:US500
by Kyle_Campbell
APT|USDT DAILYS/R | TRADING CHANNEL| PRICE ACTION| TREND Evening Traders Todays analysis, APTUSDT, rejection from a clear resistance and channel high where a rotation lower is now possible, points to consider - price action impulsive - Daily S/R Resistance - Channel Low Support - Technical Higher Low APTUSDT has confirmed a rejection from its Daily S/R Resistance and is now trading towards its channel low support that is in confluence with the .618 fiboancci, allowing for a bullish bias. The immediate objective is the Daily S/R, exceeding this level will lead to a trend change and continuation. price action is to be used upon discretion/ management when taking this trade, invalidation is multiple candle closes below the channel low support. hope this analysis helps, thank you for following my work “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee,
Long
by AzizKhanZamani
1
GBPUSD VAH| .618 Fibonacci| Daily S/R Levels| Trend Evening Traders, Today’s analysis – GBPUSD- trading around range higher where a rejection towards the lows is probable, Points to consider, - Price action corrective - Range High Resistance - .618 Fiboancci Confluence - Daily S/R Objective GBPUSD’s immediate Price Action is approaching an area of resistance that is in confluence with the .618 Fibonacci and a Single Print Fill. Backtesting and rejection the level will confirm a Bearish Retest, this will increase the probability of Price Action rotating towards the lower Daily Support. Invalidation of this idea is multiple candle closes above the Range High resistance, Price Action is to be used upon discretion/ management. Hope this analysis helps! And remember, “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you‘re wrong.” -George Soros
Short
by AzizKhanZamani
1
ETHEREUMSubscribe and get a free trading strategy for Bitcoin and other instruments every day! Happy New Year and Merry Christmas my dear friends!🤑 Take a look at the chart, please! I show you two scenarios of the price behavior. Every zone supports or resists ETH. Now it's above the dashed line so a long scenario is more possible! But if it will be broken we should use a short scenario. P.S I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
by Anton_t_t_t_eng
3
FTM Daily S/R| PSFP| VAL| Falling WedgeEvening Traders, Today's analysis, FTMUSDT, trading towards an area of support that has significant confluence - Daily S/R Support - PSFP Region - VAL of local Range - Bullish Falling Wedge FTMUSDT's immidiate price action is corrective, it is trading towards an area of HTF support and liquidity. Changing market strucuture at such region of support will place great emphasis on the current Falling Wedge pattern Price action is to be used upon discretion/management of the trade
Long
by AzizKhanZamani