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BTCUSDT Price $13,000, Channel Resistance| .786 Fibonacci| TrendEvening Traders, Today’s analysis – BTCUSDT- trading at a clear resistance level where a rejection is plausible, Poiints to consider, - Price action impulsive - Channel high resistance - Key swing high liquidity - Rotation lower BTCUSDT’s immediate price action is trading at a key inflection point that is in confluence with the channel high, liquidity point and the .786 Fibaoncci, this allows for a bearish bias. The immediate objective is the channel mid, exceeding this point will accelerate price action towards the lower support. Overall, in my opinion, BTCUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
Short
by The_Alchemist_Trader_
13
DOTUSDT Monthly S/R| VAH| .786 Fib| Price Action Evening Traders, Today’s analysis – DOTUSDT – trading towards a key resistance where a rejection is plausible, Points to consider, - Price Action Impulsive - Monthly S/R Resistance - .786 Fibonacci Confluence - Daily S/R Objective DOTUSDT’s immediate price action is trading towards a clear resistance point that has technical confluence with the .786 Fibonacci, VAH and a Monthly S/R, allowing for a bearish bias. The immediate objective will be the Daily S/R support, exceeding this level will lead to a much deeper pull back. Overall, in my opinion, DOTUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember,
Short
by The_Alchemist_Trader_
4
AUD/USD enters bullish trend before CPI release The Price Filter Indicator suggests that the AUD/USD has entered a bullish trend. The indicator has moved above the 0-line and turned green, which is a bullish signal with this indicator. This is the first time the indicator has entered green territory since April last year. The green surface area indicates that the trend reversal to the upside has momentum and could continue moving upwards. This idea of a possible uptrend reversal is supported by the price hovering above the 200 EMA on the daily chart. This breakout above the 200 EMA period happened during the first week of 2023, signaling that this might be a good sign for the pair in terms of buying position. With a current bullish bias, if AUD/USD closes above 0.69870, we might anticipate the price reaching 0.70600, filling out a previous wick's rejection. If the price has enough momentum in the upcoming days, we could expect the price to not only fill the wick to the left-hand side but also continue moving towards the 0.71200 area, which is the next possible resistance. On the other hand, if the pair fails to break and close above 0.69870 convincingly, the price may bounce around 0.7000 psychological resistance and the 0.68850 support level until major fundamental news appears to dictate which way AUD/USD heads in the following days. One such fundamental event will be the Q4 2022 Australian Inflation data due tomorrow (25/01/2023). The annual inflation rate jumped to 7.3% in Q3 of 2022 from 6.1% in Q2, beating expectations of 7.0%. Consensus forecasts for Q4 are for a modest rise to 7.4% or 7.5%, although some analysts are forecasting inflation to be 7.7% and above, pointing to recent data from UBS that showed supermarket prices rose an average 9.2% YoY in October-December 2022 up from the +8.2% recorded in the previous three months.
by BlackBull_Markets
EGLDUSDT Impulsive PA| POC Resistance| Weekly S/R| Trend Evening Traders, Today’s analysis – EGLDUSD – trading towards an area f resistance where a rejection is plausible, Points to consider, - Price action corrective - POC Resistance - .786 Fibonacci Resistance - Weekly S/R Resistance EGLDUSD’s immediate price action is trading towards an area where there is technical confluence with the .786, POC, and two HTF levels, allowing fr a bearish bias. The immediate objective will be the lower Int-Daily S/R, testing this region will create a local trading range. Overall, in my opinion, EGLDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.” ― Mark Douglas
Short
by The_Alchemist_Trader_
2
ZILUSDT| Wave One| Weekly S/R| Daily S/R| Price Action| Trend Evening Traders, Today’s analysis – ZILUSDT- trading at and area of resistance where a rejection is plausible, Points to consider, - Price action corrective - Weekly S/R Resistance - Daily S/R Support - Impulsive Wave ZIULUSDT’s immediate price action is trading at a resistance point that is in technical confluence with the POC, Weekly S/R, Int Daily S/R and the .618 Fibonacci, allowing for a potential correction. The immediate support will be the Daily S/R region, price respecting this rea will allow for completion of Wave Two. Overall, ZILUSDT is a valid long on the pull back, this will allow for a defined entries, invalidation is multiple candle closes below the Daily S/R Support. Hope this analysis helps, Thank you for following my work, 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
Long
by The_Alchemist_Trader_
10
P2P | US30 - BacktestingWhat's up guys and gals, hope everyone is alive and well! So this is another fun & very interesting backtesting clip, this time with #US30. Now if you've been following my channel you'll know that I mainly trade #xauusd (gold) but I've been asked about other pairs so I felt, as a mentor, I need to expand my horizon. I guess I can just be transparent and say I'm still getting the pip count down on some of these other pairs! Gold was literally the first pair I learned to trade on so I felt compelled to master it before I went to any others but this was the growth moment I overcame for you all to see... so laugh silently LOL, no shame in my game. BUT I was very happy with how some of these trades played out because 1. it was a great experience to work my swing trading skills on a pair I don't normally trade & 2. I could easily spot any mistakes or setbacks I encountered before/during/after the trades. I believe backtesting with a bit of urgency helped (me personally) analyze the charts with a bit more intensity... idk if that's a good thing but I guess we'll soon find out LOL But all in all I definitely enjoyed this run. I believe I will do a series of trades with a PT.2 and possibly PT.3. I've been getting some great feedback with this addition to the channel so I'm gonna keep dropping these and adding as much value to them as I can for you folks! So with that being said happy trading, trade well, and lets run it up from 2023 til infinity! If you got some value out of this video please share it, boost it to your trading pals, and help grow the channel. DISCLAIMER: ***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
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by Pips2Porsches
P2P | XAUUAD - Backtesting PT.2Alright so as you can see in this clip I was rushing trades and not taking my confirmations 1 at a time. It's important to analyze your charts for confluences because most of the time they will catch you slipping and you'll end up making a mistake that will cost you money. (Good thing this is just a backtest LOL) So here you can just get a bit more insight on the idea of the trades I take, what happens when you're impatient, and what most swing traders anticipate when playing the long game. If you guys want to see me backtest other pairs feel free to drop your idea/input in the comment section and I will do my best to assist you with a video! Also anything you've learned watching these please comment below! The more I know on what you see/don't see will help me make these videos a lot better (: ** BTW PEEPS IM A FIRM BELIEVER IN BREAKING EVEN & TAKING PARTIALS, THIS IS JUST A CLIP OF ANTICIPATED SWING TRADES AND TRADE SETUPS** So with that being said, happy trading, trade well, and lets run it up from 2023 til infinity! If you got some value out of this video please share it, boost it to your trading pals, and help grow the channel. DISCLAIMER: ***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
OANDA:XAUUSD
by Pips2Porsches
1
ADAUSDT Pitchfork, .618 Resistance, Bearish MS, Price Action Evening Traders, Today’s analysis – ADAUSDT – trading in a constructive downtrend with another potential lower high intact, Points to consider, - Price Action Corrective - .618 Resistance - Pitchfork .618 Resistance - VAH Confluence ADAUSDT’s immediate price action is corrective and is has rejected from a key level, allowing for a bearish bias. The level has confluence with the .618 Fibonacci of the Pitch fork and the Fib Retracement ratios, this adds more sifnigicane. The immediate objective is the lower end of the pitch fork, this will continue the overall bearish market structure. Overall, in my opinion, ADAUSDT is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
Short
by The_Alchemist_Trader_
2
APEUSDT Channel Low| Daily Resistance| Liquidity| Single PrintEvening Traders, Today’s analysis – APEUSDT- trading away from its Channel High, losing support will lead to a deeper pullback, Points to consider, - Price Action Impulsive - Channel Low Support - Naked Single Print - Lower Resting Liquidity - Market High Low APEUSDT’s immediate price action is trading towards an area of support that is in technical confluence with the Channel Low, Single Print, and a Liquidity Points, allowing for a bullish bias. The immediate objective is the channel high, this will become more probable as resistances get breached on the way up. Overall, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, 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
Long
by The_Alchemist_Trader_
3
DODGEUSD POC Support| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – DODGEUSD – trading in a local uptrend, a pullback will allow for a higher low entry Points to consider, - Price Action Impulsive - POC S/R Support - Bullish OB Support - .618 Fibonacci Support DODGEUSD’s immediate price action is trading in an uptrend where a pull back into the POC will allow for a bullish entry. The POC has technical confluence with the .618 Fibonacci and a Bullish Order Block, giving it significance. The immediate will be the current swing high, exceeding this level will lead to another analysis being required. Overall, in my opinion, DDGEUSD is a valid long at support, invalidation is multiple candle closes below the POC. Hope this analysis help, thank you for following my work, and remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
BINANCE:DOGEUSD.PLong
by The_Alchemist_Trader_
2
ATOMUSD Daily S/R Resistance| VAH| .618 Fibonacci Evening Traders, Today’s analysis – ATOMUSD- trading towards a key resistance zone where a rejection is likely, Points to consider, - Price Action Corrective - Daily S/R Resistance - VAH Resistance - .618 Fibonacci Resistance ATOMUSDT’s immediate price action is at an area of resistance compromised of the .618 Fibonacci, Daily S/R and the Value Area High, this allows for a bearish bias. A rejection here will continue the bearish trend by establishing another lower high. The overall target is the POC and level that will confirm the next higher low if price action finds support. Hope this analysis helps! Thank you for following my work And remember, “You have power over how you'll respond to uncertainty.” ― Yvan Byeajee,
Short
by The_Alchemist_Trader_
2
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