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BTC possible bearish retest of the falling wedgeHere's a quick look at BTC 6 hr chart. As we can see, the price has previously made a possible bearish retest og the falling wedge. The price needs to penetrate the falling wedge to avoid further downside. If it doesn't break back into the falling wedge, we could very well see a revisit of 47k. The bullish scenario is this: The price breaks back into the falling wedge, then retests the falling wedge and bounces off the falling wedge and in the end breaks it to the upside! Lets see what happens next! ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
3
SHIBUSDT Range High| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – SHIBUSDT- trading at a key trade location where holding range high is critical for a bunce, Points to consider, - Price Actin Corrective - Range High Support - VWAP Support - Low Volume SHIBUSDT’s immediate price action is corrective and is trading at an area that has technical confluence with the Range High/ .618 Fibonacci and the VWAP, allowing for a bullish bias. The current volume is below average, an influx is highly imminent when an expansion occurs. The immediate objective is the range high, exceeding this level is likely to lead to a trend continuation. Overall, in my opinion, SHIBUSDT 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 will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
$CLF no cap this is my teams biggest holding*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My teams still holding $CLF shares from our three entries at $13.27, $18.06, and $20.60 My team is increasing our $CLF shares at $22.35 per share on the market open of 11/8/21. We have increased our shares four different times already on this trade. This may shock you guys but $CLF has now become my teams largest holding. We're confident and adding more shares because $CLF smashed their 3rd quarter earnings and are set to succeed next quarter as well. Also if $CLF attempts and is able to break past resistance at $26 once more then we expect a rally begin. ORIGINAL ENTRY: $13.27 2ND ENTRY: $18.06 3RD ENTRY: $20.60 4TH ENTRY: $22.35 If you would like to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CLFLong
by SimplyShowMeTheMoney
6
LUNAUSDT Resistance| Price Action Levels| RSI POC Evening traders, Today’s analysis – LUNAUSDT- trading at a key level of resistance where a rejection is probable, Points to consider, - Price Action Impulsive - .618 Fibonacci Resistance - Daily S/R Objective - Increasing Volume LUNAUSDT’s immediate price action is impulsive and is trading at a key level trade location that has confluence with the .618 Fibonacci and Order Block, allowing for a short bias. The Daily S/R is the current objective, exceeding this level will lead to a trend continuation. The volume is on a steady increase, this needs to continue for an impulse break from resistance. Overall, in my opinion, GALAUSDT 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, “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Short
by The_Alchemist_Trader_
5
OHM watching and waiting for entry at $400 area.OHM is a project I've been waiting to enter for a while but currently doesn't show a good risk to reward. It is following its downtrend and I'm not willing to catch a falling knife. I think it's going to be a bumpy downtrend with some opportunities to catch some profit. However, as the trading mantra says, trade with the trend. It would be irresponsible to enter long here without seeing a confirmation of reversal. A short prospect is more promising, however this depends on how BTC reacts in the next week. I'm expecting to enter long if this reaches the $400 area.
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by cheliosTD
5
GALAUSDT Daily Range| Price Action| Trend| Volume Evening Traders, Today’s analysis – GALAUSDT – trading in a high timeframe range where a rotation to the range mid is probable, Points to consider, - Price Action Impulsive - Bullish OB Support (Range –Mid Confluence) - Daily S/R Objective - Low Volume GALAUSDT immediate price action is impulsive where a correction to the range-mid will allow for a long entry. The Bullish OB Support is in confluence with the Range-Mid S/R, a retest of this level is like to be respected. The current volume profile is below average, an influx is highly imminent when testing a key trade location. The overall objective is the Daily S/R, exceeding that level will lead to a trend continuation. Overall, in my opinion, GALA 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, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
1
BTC will test wick again. 42k-40k!!!Hello Guys, So again, one more predicted correction in crypto market. i am sure many weak hands are getting liquidate in such kind of dump. this is the opportunity to buy the dip for many investors who might have previously felt like they missed the boat. but, you may go for more deep. Please hit the like button before we start. Thanks in advance. So here i want you all to take a look on previous weekly candles. specially from May 2021. (Look at no 1) we remember this blood bath. (i was liquidated in futures trading :p) around $30000 was the price where weekly candle wick was formed. after that we have seen downwards trend and level of $30k was tasted again before starting the rally in July. Consider Situation no 1 in MACD indicator. Signal line and MACD line crosses each other and it took long time to accelerate pump in Bitcoin. Look at no 3, recently what we have experienced is major dump to level of $42000 and quick reversal to $47k-$49k level. and also at the same time we see MACD line and Signal crossing each other after Aug 2021 where we see good rally to new All Time High. but now, this signal indicating downwards trend for sometime before we start rally to All Time High. Mentioned No 2 is again a reference of testing wick in possible ways. Kindly be patience and make your hand strong. Please use stop loss all the time. Buy Levels: $ 42000 = 40% of my total investment. $ 40000 = 30% of my total investment. $ 38000 = 30% of my total investment.
Short
by Mr_Mainra
USDT.D (Update) (Long-candles are located at the bottom of the Channel. -USDT.D uptrend to the relatively old Resistance line in the first move ahead. -Attention to the MA200 with the role of support under the trend candel's. - -The intersections of the resistance and Trend line (Green line) in the RSI indicatore seem to create a Strong area for moving upwards. -Therefore the market Still is more likely to fall . +Disclaimer This is not financial advice. The content of this analysis is subject to change at any time without notice.
CRYPTOCAP:USDT.DLong
by millen524
BTC reversal - The other pathIn the recent post "BTC reversal", I have showed you how a normal market behave in this type of situation, that is when reversal structure appears accompanied by more patterns founded in Chartism. Sometimes BTC do behave as a traditional market (commodities, forex, etc), nevertheless, Crypto is a special kind of market, one with very high volatility and in which is common to see over extended movements. That's why, now, I'm sharing with you how I will trade the possibility of an over extension. Any of both cases end up with a strong correction to the 40k-46k level. Best of luck for every one of you !! Thanks for your support. Let me know what do you think. Give me a thumb up if you feel it. Peace and Joy Crypto Solar
BITFINEX:BTCUSDLong
by CristoJarabaFX
4
CHZUSDT Price Action| Swing Low| Trend| Volume Evening Traders, Today’s analysis – CHZXUSDT – trading above its current support level where a deviation to the highs is probable, Points to consider, - Price Action Impulsive - Local S/R Support - Range High Resistance - Low Volume CHZUSDT’s immediate price action is impulsive, holding a key level as support, allowing for a bullish bias. The Range High is the immediate resistance, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is highly imminent when testing a key trade location. Overall, in my opinion,CHZUSDT 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. “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
Long
by The_Alchemist_Trader_
2
BOLT up in a days to come?BOLT retested this ascending trendline that supporting it since July-Aug. Wants to break out from this "small" descending channel that was road down for almost a full month. Last time this trendline was tested 3 times, so we could expect similar action here. If we lose this trendline as support and that horizontal support level at 0,0063, we could expect more downside, so we can take a short position. Indicators look bullish on the daily chart , but on LTF we could see some cool-off time is needed. Watch this one, could have a nice move ahead. Good luck traders
B
by PhilosophersStone
Bitcoin Trying To Move UpAlthough a long looks smart to me, we are not out of the woods yet. Longs that are still open from down at 54000 should keep their longs open unless we break below 55800. For people looking for a long, we could potentially get long entry back down at 57255 before a move up. This also depends on when we can get there. I'm looking for a short scalp at 65700 but in order to get there we need to break above stronger resistance which is why this can only be a scalp back down to test 64300. But this also depends where the upwards trendline comes in at and what time frames we start closing above resistance I don't like analyzing moves long term because of the dynamically changing aspect of the market but we must see a 12 hour close above 63600 in order to confirm a break through resistance. 63500 looks good to me as a short with exit at 62400 and 65700 for the next short with exit at 64300. These entries will likely give anyone a chance to exit without taking a loss but target isn't guaranteed to get hit. Watch your trends.
BYBIT:BTCUSD.PLong
by ncktyu1234
1