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Long-short

22/01/24 Weekly outlookLast weeks high: $43584.42 Last weeks low: $41935.80 Midpoint: $40287.19 With the BTC sell off underway post ETF approval, we start the week hovering just under the previous weeks low of 41.5k. This area is the key S/R zone in my opinion and for now it looks like BTC bulls are struggling to reclaim that level. I previously stated in the last weeks outlook that there is a strong magnet pulling price towards the 33K area FVG . To reach that area and react positively off the level would be very bullish and should begin the next leg up towards 50K+ going into the run up for THE HALVING . For now BTC bleeding is causing the altcoin market to do the same, however as normal altcoins do tend to bleed against BTC as well for example SOL is now sub $90 and falling, good opportunities will present themselves in the coming days/weeks for the next leg up in the Bullrun but patience is key. In conclusion the ETF news was a sell the news event, Blackrock and others are scooping up large sums of BTC at discounted rates as market makers push the prices lower. That in turn drags altcoin prices down with it and now it seems we're heading towards the 30K's . My final target would be ~33K before looking towards becoming bullish again. I will rethink that plan if BTC was able to reclaim 41.5K with strength. Short term bearish long term bullish
INDEX:BTCUSD
by ProR35
2
Euro can decline a little more and then make impulse upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago reached the buyer zone, which coincided with the support level, and a short time later EUR broke this level and rose a little higher. But then, the price turned around and fell to the support line, which is located inside the buyer zone. Next, the price rebounded from the support line and started to rise. Euro rose to 1.0750 points, after which it made a small correction. Then price continued to move up and later reached the resistance level and even entered to seller zone, but at once bounced and declined to the support line, making a fake breakout of the 1.1000 resistance level. After this movement, the Euro rebounded from the support line and rose back to this level, making a little correction, after which made an upward impulse to the resistance line, breaking the resistance level. But a not long time ago Euro rebounded from this line and in a short time declined to support line, breaking the 1.1000 level one more time. Also soon, the price broke the support line and now EUR trades near. Possibly, the Euro can fall a little more, after which the price turns around and can start to rise to the 1.1000 resistance level. So, that's why I set my target at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
EURO - Price can decline a little more and then start to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it first declined to support line and then at once bounced up to $1.0725 level. Then EUR broke it, but at once made correction below, after which broke this level again and continued to move up. Next, price reached resistance level, which coincided with resistance zone, but at once Euro made correction. After this, price made strong impulse higher than $1.1010 level, and soon it declined back to support line, making fake breakout. Also recently, EUR broke support line, thereby exiting from rising channel, and now price trades below this line. In my mind, Euro can decline a little more, and then it start to move up to $1.1010 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
RIPPLE - Price can bounce up from support level to $0.5850Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it reached $0.5935 resistance level, which coincided with resistance zone. Then price bounced and in a short time declined lower than $0.5600 support level, and later it declined to support line. Ripple bounced from this line and made strong upward impulse to resistance line, making fake breakout and exiting from channel. Also, price broke $0.5600 level and $0.5935 too, but a not long time ago it bounced of resistance line and declined below this level. XTP fell to support zone, and recently price bounced up, and now it trades near support level. Possibly, Ripple can bounce up from this level to $0.5850, thereby breaking resistance line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
Bitcoin can exit from pennant pattern and continue to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded in a triangle, where it rebounded from the resistance line and made a downward impulse to the support line, breaking the 42300 support level, which coincided with the buyer zone. After this, BTC at once rebounded from the support line and in a short time rose back and reached the resistance line of this pattern, breaking the 42300 level one more time. Later price exited from the triangle pattern and then rose higher than the 45900 resistance level, which coincided with the seller zone, but soon it made a correction below. After this movement, BTC made a strong impulse up to the resistance line, breaking the resistance level again, and soon it turned around and made a downward impulse until the lower buyer zone to the support line, thereby breaking the 45900 level again. As well, the price started to trades in a pennant pattern, where a not long time ago it rose to the resistance line of this pattern. But now Bitcoin trades near the support level, so I think that price can decline to the support line of the pennant, thereby breaking the support level. After this, possible scenario that BTC exits from this pattern, make retest of support line, and continues to fall. For this case, I set my target at the 40500 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
HelenP. I Euro can little correct and then make impulse upHi folks today I'm prepared for you Ripple analytics. Some time ago price declined to the 1.0830 support level, which coincided with the support zone, and at once rebounded and made a strong impulse up to the 1.1000 resistance level, but soon turned around. After this, the Euro made an impulse down to the trend line, breaking the 1.0830 support level, but in a short time later price rose back and even soon reached the resistance level again. Then price made little correction, after which the EUR continued to rise and reached 1.1130 points, breaking the 1.1000 resistance level, which coincided with the resistance zone. But soon, the price turned around and made a strong downward impulse lower than the resistance level, breaking it one more time. Next, the Euro some time traded near this level and later in a short time declined to the trend line. At the moment, the price continues to trades near this line and for my mind, the Euro will decline below the trend line and then turn around and start to rise. So, for this case, I set my target at the 1.0940 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
Euro can rebound up from support line of channel to 1.0985Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support line of the pennant and made a strong upward impulse to the resistance level, which coincided with the seller zone, thereby breaking the 1.0930 level. After this, the price made little correction and then continued to move up to the resistance line of the pennant, breaking the 1.1040 level too. But when the Euro reached this line, it turned around and made a strong downward impulse lower than 1.1040 and 1.0930 levels. Also, the price exited from the pennant and later started to rise in an upward channel, where in a short time rose higher than the 1.0930 support level, which coincided with the buyer zone, breaking it one more time. Some time later, EUR rose to the resistance line of the channel and not long time ago rebounded down from it. At the moment, the Euro trades near the support line and I think that the price can fall to this line and then rebound up to the resistance line. For this case, I set my target at the 1.0985 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
GOLD - Price can exit from pennant and rise to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from support level, which coincided with support area, and declined to support line of pennant. After this, XAU bounced from this line and made strong upward impulse to resistance level, which coincided with resistance area. Price broke $1990 level, and soon Gold declined below this level again, but soon rose back, making fake breakout. Then XAU rose to resistance line of pennant, after which price at once bounced and declined to support line. Recently price bounced from this line and now Gold trades very near from resistance line of pennant. Possibly, price can make little correction, after which it bounce up to $2085 level, exiting from pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
HelenP. I Bitcoin can rebound from support zone and start growHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the 42500 support level and made a strong impulse up to the 45900 resistance level, which coincided with the resistance zone. But soon, BTC rebounded and in a short time declined until to trend line, breaking the support level. Price at once rebounded from the trend line and made impulse back, breaking the 42500 support level again. Next, the price continued to rise and later reached a resistance level and even rose higher, thereby breaking the 45900 level. But soon, Bitcoin turned around and made a strong impulse down to the support level, breaking the 45900 level one more time and the trend line too. BTC first declined to support zone, but later bounced from it and started to trades near the 42500 level. Now it continues to trades near and I expect that Bitcoin can decline to the support zone again and then turn around and start to rise, therefore I set up my target at the 44500 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
HelenP. I After strong impulse up, Ethereum can start to declineHi folks today I'm prepared for you Ethereum analytics. A not long time ago price started to trades in consolidation, where it at once declined to the support zone, which coincided with support 2. After this, ETH rebounded from this zone and tried to rise more, but failed and fell back to this zone. Price some time traded in this zone and later ETH bounced from this zone again and rose to 2340 points. Then price made a correction to the top part of the support zone and then rebounded up to support 1, which coincided with one more support zone. After this price made little correction, rose back to this level and at once declined to support 2. Later price bounced from this level and soon made a strong impulse up to 2670 points, thereby breaking support 1 and exiting from consolidation. Now, I expect that Ethereum will make a correction, after a strong impulse up. For this case, I set my target at the 2530 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
Bitcoin(BTC): ETF Is Live...Will We Dump Or Pump?ETF is live, and billions of dollars have been going into the crypto trading markets!! Although this is a huge milestone for Bitcoin, we are not so optimistic for bullish markets to start yet! - Yes, we now have big institutions that can buy in on Rypto, but would they buy in on such a high price? With that being said, we are still seeing that downward possible movement to happen, which would go towards at least $34K zone (where majority of liquidity is currently at) Currently, fighting over the FWB:48K zone price is not seeing any strength to actually pursue that FWB:48K zone as of now. Let's see... Greed and Fear Index: Extremely Greedy / 76
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
BITCOIN - After downward impulse, price can rise back to $45000Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 When price bounced from resistance level, which is located in resistance area, it started to trades in falling channel. In channel, BTC declined to support level, which coincided with support area and even soon made fake breakout of this level. After this, price made strong upward impulse from $42000 support level to $45900 points, breaking $44000 level and exiting of channel. Later, BTC started to decline and fell to $41000 points quickly, breaking the $44000 level again. Recently, price rose higher than support level and soon bounced from this level to resistance line, where it trades near now. Possibly, Bitcoin can continue to move up to $45000, breaking resistance line and level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12
What will be next for gold?This week i adviced to keep selling under 2070 big resistance after confirmation. Although we got some rejections bulls manage to push back to the resistance zone. I told everyone the moment 2070 breaks with confirmation we need to add buys. SO eventually gold broke 2070 and i instantly change strategy to adding buys. WE took great profits from here. In the bigger picture we had 2085 wich is resistance in smaller timeframe(M30 and H1) Went short but missed our TP by 20 pips. For know 2085 up to 2090 is resistance. If we break above there is only 2100(Psycological resistance) and 2150(Last known high. So that said there isnt much resisance for gold. Either expecting a pullback from here back to 2070 support. We can buy from here again. Or wait for the drop to 1 of the support trendlines. I am not willing to sell gold yet. We need proper confirmations, because were trading against the trend... Resistance: 2085-2090, 2100, 2150 Support: 2070, 2050
OANDA:XAUUSDLong
by ForexGoldIntraday
1
18/12/23 Weekly outlookLast weeks high: $43813.15 Last weeks low: $42006.79 Midpoint: $40200.42 BTC spent the previous week chopping sideways for the majority after failing to continue its bullish structure on the 1h timeframe. For now we're seeing a pullback of ~10% which has allowed profits to rotate into other areas of the market, predominantly smaller cap L1's and other narrative plays such as AI, RWA & gaming coins. The market has needed a pullback/correction after near relentless run. As we near the ETF approvals and the halving volatility will only increase from here. Buying double digit drawdowns on these projects and holding long term is a good way to DCA in for this Bullrun. see my last post for the big picture Bullrun setup. If we see price drop before weekly low and print a new lower low the next support is 38K and 32.5k lower than that for great long term entries.
INDEX:BTCUSD
by ProR35
Sell Target at 43k & Buy Target at 13kLet’s see how this long position unfolds! Only 4.2% of my time is spent on taking action, the rest of 95.8% are spent on waiting, planning, testing, reviewing, assessing, studying, etc... So now ask yourself a few questions: 1. How much of a portion of your time is spent on taking action? 2. How often do you over-trade OR revenge-trade? 3. How does impulsive trades affect your consistency? I believe the best Traders have the highest ability to sit with their hands. The ability to look at a high volatility market environment and say "no", and yet only focus on your plan should be the end goal of us as a day trader. There are countless of market opportunities everyday, but how many of them are meant for you?
BITMEX:BTCUSD.P
by Bitcoinization
3
DXY Analysis - Monthly & Weekly Timeframe (ICT Concepts)Reacted BEARISH off of PREMIUM with hard displacement. Now looking BEARISH at DISCOUNT zones. 3W candle closed below a Bisi 3W, but reacted off of lower Bisi 3W. Based on this timeframe, I want to see if price wants to move towards the higher disrespected Bisi 3W and then react bearish. That disrespected Bisi 3W is almost a 1M Bisi. It would make the most sense that if price were bearish is for it to come to a PREMIUM zone for that swing range into the Bisi 1M (BPR) before heading lower. The bias is not concreate at the moment, so be wary of any change in narrative during high-impact news drivers and the general structure on lower timeframes. Lower timeframe may present long opportunities to this shorting POI, but price may create a Sibi first. - R2F
TVC:DXY
by Road_2_Funded