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Stacking Longs on BTC/USD at Key Confluence Zone!I am looking for a long entry on BTC/USD at the confluence of a breaker block, a 4-hour imbalance, and the golden pocket zone (61.8% to 65% Fibonacci retracement). This setup offers strong technical confluence for a potential bounce. I have three stacked entries planned within this zone to build my position as price approaches key levels. For risk management, I’ll only risk 1-1.5% of my capital in total for this trade idea, ensuring a controlled exposure while maintaining a solid risk-to-reward ratio.
Long
by tristanmartinusdijkmanderojas1
NZDUSD ready to go up after failing to make new lows?NZD/USD has experienced a decline of 5.12% since 27 September, establishing a bearish trend line on the 4-hour chart. However, on 10 October, the pair began to break out of this bearish trend line, signalling a potential pause in the prevailing bearish momentum. On 15 October, NZD/USD retraced, forming a double bottom pattern on the 4-hour chart. Notably, the price was unable to breach the previous support level of 0.6050, suggesting stabilisation in the market. The Relative Strength Index (RSI) indicated a value of 21.06 on 24 September. By 15 October, the RSI had risen to 34.10, demonstrating higher lows in the RSI while the price made lower lows — a condition that characterises classical bullish divergence. CPI Data and Its Impact From a macroeconomic perspective, the release of the Consumer Price Index (CPI) data came in lower than expected (0.6% actual versus 0.7% forecast), which tends to be negative for the NZD and that is what caused the downward movement on October 15th. However, since the price failed to break below the previous low, this shows that the selling force is currently showing signs of exhaustion. Key Elements to Consider: 1. Significant downward movement since 27 September, resulting in a depreciation of over 5% in NZD/USD. 2. RSI reading below 30 on 10 October, suggesting exhaustion of the selling momentum. 3. Breakout from the downtrend line on the 4-hour chart. 4. Formation of a double bottom pattern on the 4-hour chart. 5. Classical bullish divergence is observed on the 4-hour chart. Potential for Ascendancy Given the above elements, if NZD/USD manages to surpass the 0.6090 level, it is likely that the currency pair will ascend towards the 0.6160 region within the coming days, where it may face temporary resistance. A Bullish Turn on the Horizon? In conclusion, while recent indicators and patterns suggest a potential bullish reversal for NZD/USD, traders should remain cautious of external factors that may influence market dynamics. As always, close monitoring of price action and macroeconomic developments will be key in navigating this trading opportunity. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
1
SOL and BTC Longs and Shorts Clear inverse relationship between the longs and shorts on SOL. White (longs) Orange (shorts) Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels. Shorts coming off their lows and seem to bottom when SOL price peaks. Longs build up pushing price to local highs then there leaves no one left to buy so price goes after the liquidity (shorts). Opposite happens with shorts buildup. Price sells off some, shorts pile on pushing price lower until it reaches the local bottom then price reverses once all the longs get liquidated. Then price goes after shorts liquidity. What then becomes the difference maker is how much spot volume comes in. At the bottom I have the aggregated volume of multiple exchanges showing the spot volume (light) compared to the perp volume (dark). Right now spot volume is pretty low; however, volume is low in general. My takeaways: SOL either needs to liquidate these longs while building up shorts. This would put shorts offside setting up for a nice reversal pump into the EOY taking out all the shorts creating a nice squeeze. Or perhaps spot buying picks up eventually and the longs interest slowly rises surpassing prev long interest causing the breakout. Similar analysis here on BTC but the short interest is pretty significant. Could be those who are arbitraging the perp funding rate by shorting instead of directional shorts but who knows exactly why. If BTC begins to break out with strong spot buying soon after election uncertainty and EOY capital flows then all this short interest could get squeezed setting up for a perfect pump higher breaking out of this wretched range. Time will tell. I think election uncertainty has market on edge as well as war/ recession fud.
by bhx10
"Ethereum Price Set to Skyrocket – Expert Predictions Here’s my expert take on Ethereum’s price outlook: By the end of 2024, ETH could hit $5,064.63. In 2025, expect it to range between $5,044.68 and $6,078.17, with an average of $5,973.21. Looking ahead to 2030, ETH could skyrocket, ranging from $15,825.07 to $17,361.45, averaging $16,502.73. Ethereum’s powerful blockchain is built for scalability, security, and decentralization, making it a key player in blockchain and DeFi innovation. What are your thoughts? Will ETH hit these numbers? Drop your comments below!
BINANCE:ETHUSDLong
by IPatrice
AUDNZD On The Rise! BUY! My dear subscribers, My technical analysis for AUDNZD is below: The price is coiling around a solid key level - 1.0824 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0843 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
$BCCOIN the emerging cryptocurrency project!🚨 NYSE:BCC (BlackCardCoin) is forming a Symmetrical Triangle pattern on the 2H chart, which is typically a continuation pattern. 📈 Entry Point: $1.3 to $1.1 🎯 Targets: $2.80 $4.00 $7.00 $9.22 🔄 Trading Options: NYSE:BCC is available for trading on spot markets. Consider setting a stop-loss at $0.9 or a breakdown below the lower support if entering a long position. 📊 About NYSE:BCC : BlackCardCoin (BCC) is a promising cryptocurrency aiming to provide exclusive benefits and rewards for holders within its ecosystem. The project focuses on creating a premium user experience through its unique features and offerings. 📢 DYOR, NFA #Crypto
BLong
by CRYPTOMOJO_TA
DJI 8/26~30 LONG Forecast 1D Chart / LONG Technical Grounds -NV > +250M -TV Strong buy -LinReg Pearson <0.95 -Pivots HL still Long-Green -LinReg > 90 degrees (uptrend) -Reverse Head & Shoulders Formation -NV shows a declination trend of negative bars -Price crossed up SMA100, SMA20 & LinReg Mid Line -Price crossed up index resistance on past Aug 15th -Price level far from cyclic ending point of Sep 13th -POLITICAL FACTOR: Elections coming / +Media Influence -Fed announcing interest rate cuts (as political influence in elections / investors mindset) SHIBUSDT / LONG ....
DJ:DJILong
by SolutionsforallNet
NAS100 D Buy Idea 7/23/24Price has bounced bullish off a weekly bullish channel with a morning star. Looking for price to break previous daily highs around 19,996.6 for the continuation to the upside. BUT, price is hovering very strongly around a Yearly -27 FIB level from 1/1/18-1/1/21. SO, price could very well be making a daily head and shoulders to continue bearish down to previous daily highs of 18.897.4. SO we shall have to wait patiently and see what price wants to do!! **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
OANDA:NAS100USDLong
by cecedidit
1