Bitcoin Weekly Analysis!Another great week to be trading Bitcoin; i hope you guys traded this week because it was a very volatile week to trade.
Long-short
The trend is your friend..The current trend is very bullish. Fundamentals playing a role. Gold remains a safe assets during wars. In my last analysis i notified the montly timeframe were we cuyrrently broke out the major ranging market. It is posible that we will stay in a bullish trend for longterm with targets 2400 and 2500 in the long run.
Priceaction remains important. Selling can become a losing strike very easily. But this doesnt mean we can't sell the market. We should pay attention to priceaction. Proper reversal pattern can give indication the trend is reversing. But be cautious with selling, because with every pullback we can see a very strong bullish momentum in return. Buyin the lows seems more reasonable in the gold market. Wait for proper confirmation to take any trade. SElling or buying.
>The arrows are not a signal. But a posibility<
resistance: 23,49, 2364, 2400(psycological)
support: 2342, 2331, 2321
gbpaud buyprice just broke out of a major zone after making a double top. on the 15 2 bar rejection was made. im expecting price to retrace the double top before making any move down.
Gbpnzd sellPrice is heading towards previous daily swing low. price seem to have just retested the vwap and made a rejection candle with heavy volume. recent p.a shows a rejection of 2.09850 which also lines up with the supertrend as a resistance.
Possible SELL off zone XAUUSDGolds moved crazy in recent weeks. Currently watching for some sort of pullback.
Although ATH has been created, with the slowing strength of the dollar we may see some correction on gold through the rest of March.
I would like to target some sells back down to this corrective level, I predict that current area and the OB present may be a good time to sell.
A nice 1:5RR with 1% risk will be ideal, something I will confirm with in soon date.
Cheers
Two possibilities in BTC, A OR B?We are at a point where we are seeing lot happening in few days. Some say its good for BTC, some say its bad.
I think there are two possibilities present in market (some will say that's always the case, right! But here me out here)
I think this is a breakout, I also think this will be last breakout in BTC's life on upside, but before BTC completely dies out, its still possible to hit previous all time high.
GOLD, big things are taking placeWelcome everyone,
GOLD made a lot of weird moves in the past weeks and is still not showing a clear direction at all. Beside the strong bullish trend, there was a massive sell of from the ATH and we are close to an important decision. As you can see in orange the price tested the upper boundary of the consolidation range for the 4th time and got rejected, but it's back for another attempt.
To make clear why this is important:
The consolidation took years and the price range is massive, a break above 2080 would open a lot of new higher targets and a significant bull run should start from there.
On the other hand a rejection and sell of below 1980 should send the price lower in a 2nd wave according to the elliot wave theory, which price targets would be 1920,1900 and even 18xx levels.
I will keep this idea updated, so if you like to follow, welcome here :)
Analysis of gold in the 1-hour timeframe 📈Gold formed a beautiful ascending triangle in the one-hour timeframe and managed to break above its price to 2141 📈
We have a strong and important resistance zone at 2142 - 2148 where we may experience good selling opportunities.
Furthermore, gold is currently coming down towards the support at 2120. If this support holds and doesn't break, we can go long with a short-term target at the resistance level of 2142 - 2148.
However, in case this support level breaks, we can expect a price decline towards the support at 2088. 📉
HNT LIMIT!!BYBIT:HNTUSDT.P
Another one I have today is a limit for HNTUSDT, as it formed this double bottom which tells me that's a genuine bottom before a continuation. Will update this when it picks up!
Thanks guys!
#BTC #Bitcoin #Scalp #Short #Long #Setups 2/2 #Positions #Eddy #BTC #Bitcoin #Scalp #Short #Long #Setups 2/2 #Positions #Eddy
I added 2 scalp trades to the previous trade, it's a shame to lose the volatility ;-)
Previous BTCUSDT.P Setups :
(( It's About Trading Range, What you think about my setups guys!? ))
Related Relevant Analysis of Bitcoin : (( BTC/USD )) : Check Link :
My #Analysis of #USDT "Tether Market Cap Dominance" from the link below :
Eurusd buyIndicator will print bull signal if close above 1.08300 on the 15m
it would be cosidered a high probability trade
1.ema cross
2.bullish on rsi
3. above hll
4.above blue line
5. ema retest
?6. bullish signal print?
TOTAL - Sideways for a yearIdk, it looks nice like this.
And because i should write something more not just that vague text at the top ... I'm writing this so I have enough characters, lol.
Anyway. Let's see how market will develop. I mean making prediction on monthly chart is beyond technical analysis.
GBPAUD BUY BIASWeekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch
Daily: Consolidation, Inverse Head and shoulders, 2 bar rejection at major resistance 1.94750, Has not retested major support 190.325 after break, Bullish choch, Double bottom pattern, Retested resistance 1.93250
4hr: Consolidation, In a minor uptrend after making a rejection can of the bottom 4hr zone, Break of bearish trendline to the upside, Has not retested .618 of fakeout that resulted to a downward movement, rejection of the 4hr resistance 1.93275.
1hr: Bullish, Liquidity is located above the 4hr resistance of 1.93275, Price is respecting a bullish trendline, Unmitigated 1hr ob, Price faded out and reversed after reaching bottom 4hr zone.
15m: Bullish, Bullish structure is being formed, Failed to make a higherhigh at 4hr resistance 1.93275, Ascending triangle pattern
I believe price is going to retest the 1hr ob fake out the market and continue the upward movement towards the Top 4hr zone to grab liquidity and retest the .618 level if its able to break 1.93275.
ALT TO KEEP PUMPING!BYBIT:ALTUSDT.P
Altusdt looks extremely healthy today, so I'll take on the continuation of the trend. let's see if we can pick this one up. I'm trading on the 15m timeframe here.
thanks guys!
RLC - An Unconventional Trade Opportunity - For Brave-hearted #RLCUSDT Analysis
Description
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+ RLC is presently consolidating near the resistance zone, displaying a consolidation pattern akin to its previous two consolidations.
+ Although this pattern may seem unconventional for trading, I maintain optimism regarding RLC's potential to adhere to this pattern and progress towards the next target.
+ Should this pattern persist, I intend to enter a long trade with a target set around 5.762. + Consider following this trade if you're willing to assume some risk in pursuit of substantial profits.
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VectorAlgo Trade Details
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Entry Price: 3.870
Stop Loss: 3.383
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Target 1: 4.191
Target 2: 4.490
Target 3: 4.996
Target 4: 5.762
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-15x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
RNDR CONTINUATION! BYBIT:RNDRUSDT.P
So I'm going to roll with this rndr pump on the 15 minutes... this will continue back up to the $8 mark then I think we will fall again before going up to $10.
Here we go.
Thanks guys!
LOOMUSDT ALERT!!BYBIT:LOOMUSDT.P
So I've put an alert on loomusdt because as this is moving up in a trend already... to me, it's unlikely that this will come back down to this price before a continuation BUT this is why I put an alert here because this is my ideal price to get in.
I will update this.
Thanks guys.
ZFK LIMIT ORDER!!BYBIT:ZKFUSDT.P
Hey guys and good morning... my alert for ZFK went off this morning to exactly where we want it to do be, the price has come down to hit the bottom and to me makes a double bottom for the swing up as it looks perfect for that move. Still taking the 1:5 to be consistent.
Good luck, trade safe.
eurjpy sellprice made a double top at 162.300 rejected and moved down. price bounced off 161.975 and started a retracement. price rejected off a lower tf fvg and made at double top in the fvg zone which happens to be at the golden zone. i expect price to break the 1 hr trendline fill the lower ob.
Eurnzd buyprice made a series of LH and LL resulting in a downtrend. Price recently broke out of the downtrend and made a choch and retested the OB on the 15m tf. using the taps of the trendline we can see there is liquidity over top. we can waot for a choch on 1m tf to enter.
BTC new all time high in NOV-DEC 2024 ( Rally to $80,000)The probability of BTC making new all time high before halving is low, according to me BTC will make a correction of 40-50% from previous ATH around halving or after that and then BTC will make a new ATH around nov-dec of 2024.
DAY TRADE 026BYBIT:MULTIUSDT.P
Today I've hit multi purely for the fact that it is reacting off the $1 mark and the volume is starting to sky rocket... I could probably get more than a 1:5 but I'm being honest with myself and letting my consistency take over here.
SOL/USDT - Jumping from the Bowl - SOL had a nice cup patter and showing overall bullish sentiment.
- If SOL manages to break its Previous Resistance level then its an easy run for SOL to reach new highs
- Currently price is around the support zone and this consolidation is expected to continue for couple of days
- Once this consolidation is over we can expect the price to bounce up, if the price breaks the support zone then we are looking at bearish trend for SOL.
- lets hope SOL breaks its resistance level and reaches new Highs.
Regards
VectorAlgo
