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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
Short
by The_Alchemist_Trader_
1
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 ;)
Long
by Longevity_Contrarian
3
$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?
AMEX:SPY
by Breakout_Charts
4
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
Short
by The_Alchemist_Trader_
USDJPY POC |.618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – USDJPY- trading towards a key level of support where a bounce is probable, Points to consider, - Price Action corrective - Local OB Support (POC and .618 Fiboancci Confluence) - Weekly S/R Objective - Low Volume USDJPY’s immediate price action is trading towards a technical trade location that has confluence with a Local OB, POC and the .618 Fibonacci, allowing for a bullish bias. The 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 on the next expansion. Overall, in my opinion, USDJPY 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, “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Long
by The_Alchemist_Trader_
1
$SPY Penalty Box EnsuesI refer to the yellow highlighted area as the penalty box. This seems to be an area of indecision with pockets of support and resistance. A lot has been going on in this area. As of the close today we're back testing resistance at $453.19. The intra day high eclipsed that level briefly but resistance has not yet flipped to support. On the bullish front, the rally suggested by the follow through day seems to be intact and price is back over the VWAP of the penalty box. There's a lot of resistance still ahead though. Volume while still above average has been declining the last few days, the index is still below the 20 Day SMA and the 50 Day SMA and the price is still in the penalty box. If the indexes are going to see more selling this would be a logical area. A clear breakout of the penalty box would be bullish AF IMO. LOL.
AMEX:SPY
by Breakout_Charts
2
LUNA/USDTTRADE 1: this trade was posted the other day and is still running: target of 55.05 from entry of 5.93 WITHIN this trade I have placed 2 more trades whilst it is still running, so before reaching 55.05 i expect a drop until 47.67 (entry was52.04) This is called TRADE 2 shown on the chart. once that trade has finished a reverse H&S should have formed and we technically should then continue up again towards our original target of 55.05 on TRADE 1 (still running) so i may place another trade on that for a re-entry.
by Bearscarf
GBPUSD| .618 Fibonacci| Local OB| Price Action| Trend Evening traders, Today’s analysis – GBPUSD- trading at a key trade location where a bounce is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Local OB Support - RSI Extended GBPUSD’s immediate price action is trading at a key location that has technical confluence with the .618 Fibonacci and a Local OB, allowing for a bullish bias. The current RSI is overextended, a reversion to its mean it imminent on the next bullish expansion. The objective is the Daily S/R, exceeding this level will lead to a trend continuation. Overall, in my opinion, GBPUSD 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, If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Long
by The_Alchemist_Trader_
1
$SPY Is The Sell Off Over?The above chart is a daily candle chart of the S&P 500 represented by SPY. The red arcing area is a distribution phase. The yellow highlighted area seems to be an area of indecision with both pockets of support and resistance. With in this area there's a possible "follow through day". Which, as described by Famed Technician William O'Neill is: "A follow-through day occurs during a market correction when a major index closes significantly higher than the previous day, and in greater volume. It happens Day 4 or later of an attempted rally. Leading up to a follow-through day, an attempted rally takes place during a downtrend when a major index closes with a gain. The rally attempt continues intact as long as the index doesn't make a new low. Follow-through day variables include: an index closing sufficiently above 1% on increased volume, positive behavior of leading stocks, and improved market action regarding support vs. resistance levels. The most powerful follow-through days often happen Day 4 through Day 7 of an attempted rally. In the wake of a follow-through day, the market should continue to add gains in strong volume, with breakouts by top stocks. This is further confirmation a new uptrend is underway." Do we fit the criteria of a follow through day? 1) Did we have a market correction? Peak-to-trough was a roughly 12% drop. 2) Was there an attempted rally? January 24th saw a 4% plus drop only to close higher on the day. That low has proven to be the low of the sell off thus far. 3) Was there a higher close on strong volume on day 4 or later? On the fourth day, the index closed 2.5% higher then the previous days close on stronger volume. 4) Did the rally continue on strong volume? Today, the fifth day, saw the index rally back above the 200 Day Moving Average for a nearly 2% gain and on above average volume. 5) Did leading stocks breakout? The rally was lead by tech stocks and with in the group semi's such as NVDA and AMD lead the way. The argument for a follow through day seems pretty persuasive. What does the community think? Too soon?
AMEX:SPYLong
by Breakout_Charts
3
FTMUSDT Price Action OB| Double Bottom| Low Volume| Trend Evening Traders, Today’s analysis – FTMUSDT – trading action trade a t a key trade location where a bounce is probable, Points t consider, - Price action corrective - Local OB Support (Double Bottom Confluence) - Volume Low - Trend Corrective FTMUSDT’s immediate price action is trading inside an order block where a bounce will confirm a double bottom, allowing for a bullish bias. The current volume profile is below average, an influx is highly imminent on the next expansion. The current trend is corrective, thus any rallies are likely to be sold into. Overall, in my opinion, FTMUSDT 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
FLong
by The_Alchemist_Trader_
KCS all 3 possible moves hello everybody these are 3 possible moves green : squeezing price below the trendline and breaking it. ( personally, I will wait for 18 $ resistance to break ) ( don't forget to wait for retest). yellow : relow at 15 $ support line then break the trendline. ( I will buy after retesting the trend ) red : losing the 15 $ support and retesting it. ...... this is another trade for now and a little risky. the first target is touching the trend sec target losing the trend and it is 15 $ not financial advice. goodluck
by coocoolikoo
EURUSD Local OB| SFP| POC| Swing High Evening Traders, Today’s analysis – EURUSD- trading at a key support level that needs to hold for a bullish bias, Points to consider, - Price Action Impulsive - Local OB Support - Potential Swing Failure - Swing High Objective EURUSD’s immediate price action is trading at a key trade location that has technical confluence with the Local OB and the SFP, allowing for a bullish bias. The immediate objective is the Swing High, exceeding this level will lead to a trend continuation. The RSI is overextended; a reversion to its mean is imminent on a bounce back. Overall, in my opinion, EURUSD 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, “A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
1
LINKUSDT Daily S/R| Local OB| Price Actin| Trend Evening Traders, Today’s analysis – LINKUSDT – trading at a key level where a respect can lead to a bounce, Points to consider, - Price Action Impulsive - Daily S/R Support - Local OB Resistance - RSI Extended - Low Volume LINKUSDT’s immediate price action is trading towards a key Daily S/R level, holding this level allows for a bullish bias into the Local OB. The RSI is currently overextended, a reversion to its mean is probable from region, epicially with price action finding support. The current volume profile is below average, an influx is highly imminent on the next expansion. Overall, in my opinion, LINKUSDT 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, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by The_Alchemist_Trader_