Long-short
Bitcoin - Where to next? An inverted H&S pattern? Or a big fall Reached the next specified zone
We are now between two very important levels:
- Level which "should be kept" 39-41k $. Merger of trend D1, maximum range of summer 2021, local minimum of September 2021, H4 200 EMA ,. Obviously, if / when retesting this level, the bulls must protect it to see continued growth and an uptrend D1.
- The "must break" level of $45,500-46,500. This was an area of consolidation on the way down and here is the annual opening.
Note: D1 stochrsi is still clearly overbought. It would be ideal to retest $39/41k, reset overbought.
However, it is also important to keep in mind the rise of BTC in September/October 2021. OH got to 60k without any D1 correction. Keep that in mind in case we see something similar.
I will not complicate what was written a few days ago
The levels indicated on the chart for the last few days:
- Local support (LTF) = $43k and H4 trend,
- Resistance = $45,500-46,500,
- Main support (HTF) = 39/41k$
- 39/41k$ if we break through the local support of 43k$.
- $48/50k if resistance breaks.
I wonder if we'll see alto moves like last weekend? 🧐
NZDUSD Local OB| POC| .618 Fibonacci| Trend Evening Traders,
Today’s analysis – NZDUSD- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- .618 Fibonacci Support
- Swing High Objective
- Low Volume
NZDUSD’s immediate price action is trading at aa key location that has technical confluence with the Local OB and the .618 Fibonacci, allowing for a bullish bias.
The immediate objective is the swing high, this will become more probable when the POC is reclaimed.
The current volume is considered low, an influx will imminent on the next expansion.
Overall, in my opinion, NZDUSD 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,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Insane VeChain Bull Flag in Formation!Hey Traders,
This may be my most important trade yet! According to the Weekly chart of VETUSD, the price action has formed a bull flag (attached image URL). The breakout target out of this pattern is approximately 1.1-1.2 USD. In the rare case this does break down the target would be 0.007 USD (In this case we could open a short).
VeChain (VET) is a very revolutionary blockchain product, its utility is very unique compared to other Cryptocurrency Projects. The various amounts of things VeChain could be used to track for supply are infinite, not to mention it could also partner up with things like oracles AKA Chainlink to make it more efficient and data rich.
I hope this helped,
-Pulkanator
Scalper's HeavenNifty has entered in the ping-pong area and is likely to bounce around here only till the next month or so. Avoid Breakout or Breakdown trades as they are more likely to be fakeouts only. Save your capital always fix risk before you enter a trade and never ever ever dream of holding an option in this market unless you have a concrete plan and know what you are doing. This is purely a game of probabilities and has no place for emotions or Fomo'ing out. It only takes one dynamic trader in the world to negate your edge so be careful with your capital. And may the best man win.
Bitcoin idea for long and shortHello everyone,
This is a continuation of the idea I posted yesterday which is linked as a related idea.
Yesterday I posted relevant FVG and NPOC levels to look at for now. It seems the FVG level was hit precisely, only for price to drop back to the channel which is now acting as support as was to be expected in case of a rejection at FVG level.
I have indicated two zones of interest I am looking at for possible longs or shorts at this point.
Whether or not I will decide to long or short is dependent upon whether or not support will hold, and I will wait for confirmation (retest).
At this point, I think support is more likely to break than to hold. But you never know. Just talking in probabilities.
If you get value from this idea, please leave a like.
Much success, and as always: just an idea - not financial advice.
SENSOUSDT Price Action Range| POC| Range Low| Trend Evening Traders,
Today’s analysis – SENSO – trading at a key order block where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- POC Support
- Price Action Trading Range
SENSOUSDT’s immediate price action is trading at a key support where a bounce into resistance, the .618 Fibonacci is likely with the the lower regions of the range to be the main target.
The POC is a key level that needs to be respected was testing.
The current volume is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, SENSOUSDT is a valid long at the range lower with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
MATIC ascending triangleMatic look like its coiling up for the move. If BTC cooperates could be nice one. Significant resistance but has been tested already. If BTC dumps and support under is lost we can take short position. So wherever it goes it could be nice trade... We just need to wait for that move... Good luck traders
ATOMUSDT Relief Bounce| Local OB| VWAP S/R| Trend Evening Traders,
Today’s analysis – ATOMUSDT – trading towards a technical resistance location where a rejection is probable,
Points to consider,
- Price Action Corrective
- Local OB Resistance
(.618 Fibonacci, VWAP S/R Confluence)
- Low Volume
- RSI Extended
ATOMUSDT’s immediate price action is corrective and is approaching a bearish retest zone that has confluence with the .618 Fibonacci and the VWAP S/R, allowing for a bearish bias.
The current volume is low, an influx will be imminent on the next expansion.
The current RSI is overextended, a reversion to its mean is imminent.
Overall, in my opinion, ATOMUSDT 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,
“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” Michael Marcus
BTC/USDT (4H) Could this be the DIp to buy ? - short term long Hi Traders,
You probably think what the hell is going on with entire market and BTC especially as it dictate trend for entire Crypto market.
In my opinion we need to finish One short subwave of wave (V) of C. C is Major Corrective wave of entire growth from 3 to 69K.
So if my Elliot wave count is correct, than we will see Bottom of the Dip around 30-32K USD.
BUT. Many traders alredy expect this zone and want to buy. So I expect some F@ckUp. So
1) Either we will dip only to area aroun 33K (and most BUY orders will not be filled)
2) We will fall below 30K where more Stop-losses will be triggered what could extend last wave to something like 29-27K Area.
Be ready for both scenarios and Ladder your entry.
Also consider your strategy and RRR ;)
$SPY WEEKLY CLOSEThe week closed on a positive note. Support in the $430 area has held up nicely. 25 Week SMA looks to be a new resistance area. As long as $430 area maintains support the chart suggests consolidation over further downside. A weekly close over the 25 Week SMA would be constructive. Volume is encouraging the last two weeks as well. Buyers stepped in when they had too. New longs that are at or above major support after all this volatility may look attractive here. Thoughts?
Take profits @0.92 or @1.05 or SL @0.81LRC has been confirmed as partner to GME, though this news has not caused any massive moves whatsoever. I sense a huge dump incoming, people being disappointed by the lack of a reaction to such an important event.
But what do I know? I'm nobody. Don't take this as advice because you can't sue me.
I hope it increases at least between TP1 and TP2, though I see no future past TP2.
EURJPY Local OB’s| Swing High| Price Action| Trend Evening Traders,
Today’s analysis – EURJPY – trading at a key resistance region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Swing Failure
- Low Volume
EURJPY’s immediate price action is trading at an order block resistance with a potential swing failure, allowing for a bearish bias.
The current volume is below average, an influx is imminent on the next expansion.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
Overall, in my opinion, EURJPY 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,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
USDJPY intra day setups! (updates)Watching the area that price is in at the moment for a possible rejection and quick intra day shorts back down to major support area, or even better price makes another move higher and get a better entry for shorts at the start of next week. USDJPY I expect to travel sideways for a while on these lower time frames...