Pushing the CARTESICTSI is currently trading just above its long-term support. Although it may be tempting to show a breakout from the current structure, I believe it will continue in its accumulation phase for the short-term. This is due to the lack of stepped formation in its recent breakdown of price (instead a strong red candle formed as seen on the chart).
The stepped formation with long wicks would be a good signal for a CTSI breakout (as seen in previous breakouts). A great entry point would be between the 0.59 - 0.61 range. A good entry would be between 0.61 - 0.65. Remember, the idea is cancelled if a daily candle closes below the support.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Always DYOR and please feel free to leave a comment with your thoughts!
Long-short
GALBTC .618 Fibonacci| PA Range| Low Volume| Trend Evening Traders,
Today’s analysis – GALABTC – trading at a technical location where as bouncer is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Range High Objective
- Low Volume
- POC Resistance
GALABTC’s immediate price action is corrective and is trading in an equilibrium where a breakout is probable, allowing for a bullish bias.
The current resistance is the POC, breaking this level is critical for a continuation to the range highs.
The current volume profile is below average, an influx is needed for a trend continuation.
Overall, in my opinion, GALABTC 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,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
$AMD possible short scenarioAMD obviously is in a uptrend, but right now we are seeing a little correction (possibly about 28%). I am positive that the current (possible) LH will lead to a drop to the support level (labeled), from there we could either see a 1)bounce or a 2)break.
1) Bounce:
... could lead to another LH which will extend to the red rectangle (resistance), followed by another (rather sharp) drop, which will most likely break the first level of support. At the next level of support (TP for my trade) the correction will most likely come to an end (since we choose this support level by combining a trend line (based on prev Ls) and a major support level (previous Hs and Ls + wicks), which is a pretty solid indicator for buy orders being placed around there). This trade will give me a 3.33:1 RRR, which I am satisfied with (1.5% risk --> 4.995% gain).
2)Break:
... could lead to a retest of the broken support (labeled as support). In this case I would rather not go short, since there will be a bigger risk of wicks (hitting my S/L). My strategy for this scenario is to wait it out and miss the juicy short selling gains, and enter a long position on the previously mentioned 2nd support, which is more reliable than the first (labeled) support.
As always: no financial advice
AVAXBTC Rising Channel| .618 Fibonacci| POC| Volume Evening Traders,
Today’s analysis – AVAXBTC- trading in a rising channel where a rotation to the lows of a technical confluence location is probable,
Points to consider,
- Price Action impulsive
- .618 Fibonacci Support
- Bullish OB Confluence
- Low Volume
- RSI overextended
AVAXBTC’s immediate price action is impulsive and is trading towards a technical trade location that has confluence with the .618 Fibonacci and a Bullish OB, allowing for a long entry.
The immediate objective is the Weekly S/R, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is needed for a strong expansion, this will also directly influence the RSI.
Overall, in my opinion, AVAXBTC 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,
Beginner’s luck often stifles growth. Losses and failure are good for you.
BTCUSDT Price Action Range| POC| Supply| Demand Evening Traders,
Today’s analysis – BTCUSDT – trading in a clear price action trade where a rotation to the lows is probable,
Points to consider,
- Price Action Impulsive
- Lower Daily Support
(Demand)
- Higher Daily Resistance
(Supply)
- POC and Range EQ Resistance
- Low Volume
BTCUSDT’s immediate price action is impulsive and is trading under a key level of resistance that has technical confluence with the POC and Range EQ, allowing for a bearish bias.
The immediate objective is testing the range low, demand area of support, holding this level is critical for a bounce.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
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,
“You’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader
Breakdown, accumulation, retest (BTC) $55,555Timeline of events:
1) Downtrend started on November 10th.
2) Broke the uptrend from July on December 4th.
3) We broke above the downtrend on December 23rd with an impulse candle.
4) Retesting the broken uptrend would take us to around $55,555.
Thesis confirmation: since we broke the downtrend from November, in terms of probabilities the next thing to happen could be a retest of the uptrend.
LONG and SHORT on GBP/AUD 12-27-21
I am both long and short on the GBP/AUD
From the higher time frame price is in a uptrend
On the daily timeframe a ascending triangle has formed and I am waiting to see which direction price breaks out from there.
I have 2 pending orders in place to catch the move going in either direction.
Here are the trades I will be taking on this pair:
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.86535
STOP LOSS = 1.85300 - 123 PIPS / $12.30 LOSS
TAKE PROFIT = 1.89438 - 290 PIPS / $29 GAIN
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.84595
STOP LOSS = 1.85999 - 140 PIPS / $14 LOSS
TAKE PROFIT = 1.81834 - 276 PIPS / $27.60 GAIN
SOLBTC Rising Channel| PA Range| HTF Levels| Trend Evening Traders,
Today’s analysis – SOLBTC – trading at a range high where a rotation towards the downside is probable for a long play,
Points to consider,
- Price Action Impulse
- Weekly S/R Resistance
- Daily S/R Support
- Low Volume
SOLDBTC’s immediate price action is impulse and is trading at a key weekly resistance, thus a rejection is probable to the lower daily support where there is technical confluence with the POC and the .618 Fiboancci, allowing for a long bias.
The current volume profile is declining, thus an impulse in volume is likely on the next expansion.
The RSI is trading at neutral, remaining in its bullish control zone is indicative of strength.
Overall, in my opinion, SOLBTC 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 obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
Flight to the moon or fall? BTC, what is known today👇Privet everyone! (A little Russian greeting✌️)
This is my first review of the trading view in a very long time (Sorry, but first of all I am a trader)
Where do we start today's analysis?
I want to parse the latest Bitcoin consolidation. Many consider the move from 69,000 to 42,000 as a trend reversal, but many forget that a 20-30% correction for a crypt is a completely normal story. After all, the global structure is not broken (lows rise, highs too)
We bounced off strong support, and hitting it was a goal to collect liquidity - and we are consolidating above it.
Now the sideways trend is coming to an end, and you can see that we are no longer held so strongly and pressed down - fortunately, we have a good background in the American Markets, where the SPX closed very well before the holidays.
As you can see on the chart, we are now being pulled quite well to the upper CTO (pivot point), where, during the passage and consolidation, we can quite well go to overlap the liquidity and collect stops of the shortists.
For now, I think the weekend will be either as sluggish as possible, or on the contrary, quite active on strong impulses. In practice, we will be drilled in both directions.
I recommend looking globally at the purchase of assets, but while we are within the sideways - try not to enter large volumes on futures. Before going out for WHO - we are on the sidelines!
Delta positive purchases were in the region of $ 246 million yesterday on hourly candlesticks, so I personally expect the growth to continue.
Follow our forecasts to keep abreast of developments!
Thanks for your support!
Your team D&P. Trade
TLMUSDT Local S/R| .618 Fibonacci| Price Action| Trend Evening traders,
Today’s analysis – TLMUSDT – trading towards a key level of support where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local S/R Support
(.618 Fibonacci Confluence )
- Swing High Objective
- Low Volume
TLMUSDT’s immediate price action is corrective and is trading towards a technical trade location that has confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.
The swing high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx will be indicative of the next expansion.
Overall, in my opinion, TLMUSDT 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,
‘’No one strategy is correct all the time’’.- John Paulson
SFPUSDT Local S/R| 200 MA| Price Action| Trend Evening Traders,
Today’s Analysis – SFPUSDT – trading with a potential trend trade if current support holds.
Points to consider,
- Price Action Corrective
- Local S/R Support
- Swing High Objective
- Low Volume
SFPUSDT’s immediate price action is corrective and is trading at a trade location that has technical confluence with the current 200 MA, allowing for a bullish bias.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a trade location.
Overall, in my opinion, SFPUSDT 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 big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
IOTAUSDT Daily S/R| Price Action| Trend| Support Evening Traders,
Today’s analysis – IOTAIUSDT- trading at a local resistance where a pull back into support is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- RSI Neutral
IOTAUSDT’s immediate price action is impulsive, a corrective into the Daily Support allows for a bullish entry.
The current volume profile is below average, an influx is needed for a strong trend continuation.
The current RSI is netrual, remaining in its bullish control territory is indicative of strength.
Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis help,
Thank you for following my work
And remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
Is this the bottom?For instance, I see some confluence and some historic patterns.
In this case, I can observe some patterns that repeat themselves historically.
It's possible to notice that the RSI and the candle pattern have remained practically the same since June 20, 2019.
Is this the start of our long-awaited bull Market?
Tell me what do you think about this TA.
BNGO DBD or DBR? $BNGO I like. Look for be building a base after a big drop. Looking for the DBD or DBR. Nice pattern here.
Long over break and hold of top trend line/ Pivot at $3.41
Short below 3.16
Until $3.41 breaks I will only be watching this. Big target still remains $4. Patience will pay here.
Keep in mind we are sitting at a weekly support level so I expect a big move to either side whichever comes first. Hopefully we can see this play out within the next few days.
LITUSD Falling Channel| Local Ob| Price Action| Trend Evening Traders,
Today’s analysis – LITUSD – trading in a local down trend where follow through is probable,
Points to consider,
- Price Action corrective
- Local OB S/R Resistance
- Daily S/R Support
- RSI Divergence
LITUSD’s immediate price action is corrective and is trading under a Local OB allowing for a bearish bias.
The Daily S/R is the immediate support, testing this level will allow for a potential bounce.
The RSI has a bullish divergence forming, playing out will be indicative of strength in price action.
Overall, in my opinion, LITUSD 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,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
BTCUSD Price Action Channel| .618 Fibonacci| Volume| Trend Evening Traders,
Today’s analysis – BTCUSD – trading in a local channel where a run of the lows is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Channel low Support
- Low Volume
BTCUSD’s immediate price action is corrective and is approaching an area that has technical confluence with the .618 Fibonacci and Channel Low support, allowing for a bullish bias.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Breaking out of the channel will be indicative of strength, thus in search of liquidity.
Overall, in my opinion, BTCUSD 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,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
YGGUSDT Price Action Range| Range Low| Volume Influx| Trend Evening Traders,
Today’s analysis – YGGUSDT – trading at its range low where a rotation to the highs is probable,
Points to consider,
- Price Action Corrective
- Range Low Support
- Range High Objective
- Volume Influx node
YGGUSDT’s immediate price action is corrective and is trading at range low, allowing for a bullish bias.
The range high is the immediate objective, exceeding this level lead to a trend continuation.
The current volume profile has a climatic node, follow through is necessary in volume to sustaion strength.
Overall, in my opinion, YGGUSDT 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,
“Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”
― Yvan Byeajee