LOWER HIGHS SINCE AUGUST 17TH ~ 1+1+2 (stairs up, elevator down)On August 17th we initiated the downtrend.
September 2nd confirmed a lower high.
September 5th initiated the bearish wedge (which we broke down from on September 21st)
September 20th confirmed another lower high.
IN MY OPINION we're seeing the last wave up (relief bounce) before another wave down with red candles flying up every bulltards hopium filled dreams crushing them making them feel STUPID for having an ego the size of a football field. (IMO ~ in my opinion)
Bulls are delusional and are completely gone from the reality of things. We've seen constant lower highs since August 17th (yes over a month) and bulls have the audacity to open their mouths and act smart? They remind me of preschool kids who give attitude but don't know what they're even giving attitude for.
ALL BULLS WILL GET HUMBLED VERY SOON MARK MY WORDS.
COCKY BULLS GET LIQUIDATED AND ARE NEVER SEEN IN THIS SPACE AGAIN.
DON'T LET THAT BE YOU.
GET READY FOR THE RED CANDLES BULLS BECAUSE THIS IS THE LAST WAVE UP BEFORE YOU GET YOUR HUMBLE PIE DELIVERED STRAIGHT TO YOUR FACE.
Lowerhigh
Bitcoin Lower High Signals Weakness. 3 Supports To Wait For.Bitcoin poised to sell off again. We have been very careful to avoid signals in the high 10Ks because if the high chance of bearish momentum continuation.
For the coming week, here are the 3 inflection points we are anticipating for a new swing trade long signal.
1. 10,500 Support: Previous resistance area.
2. 9850 Support: Recent minor support.
3. 9K Support: Trend support. If price clears this area, it would be signaling a possible change from broader bullish trend to broader consolidation.
There is no way to know which level the market will choose. Reaching a level alone does not justify taking risk, it is only the first step in our trade process. Confirmation in the form of price structure and candlestick patterns are required to follow.
We do not short Bitcoin because we do not use leverage, and it is beyond the scope of our risk tolerance, so we WAIT.
For those interested in shorts, on this time frame, risk can be defined from the 11,200 area. The inflection points on this chart can serve as a reference for profit targets. They are proportional and conservative.
Do not lose sight of the fact that the broader trend CONTINUES TO BE BULLISH. This means counter trend trades are more likely to fake out, or likely to have much less potential. This is why conservative targets on the short side make sense for now.
Thank you for checking out my analysis, hope you find it helpful.
Momentum Building With Lower HighsAfter making a strong trend higher for the bulk of this year, price in this market has been in consolidation mode for the past two months.
As the daily chart shows; price has been winding up tighter and tighter with a series of lower highs.
Price is now coming to an important crossroads. Momentum has been building lower with each test of the major support showing weaker buying.
For the trend higher to continue this support is crucial. A break lower and there is a large amount of room to fall into.
Alert: Bitcoin in demand zone + bullish rising wedge: Buy signalHello traders and guys of the trading view community. In this analysis, at the moment, in Daily the trend is not clear here. As we are in the important support key betwen the $10,400 USD and $10,198 USD, its could be to produced a manipulation for short position, we need to take as counsel while Bitcoin it's go on.
So, in H4 timeframe we see one change of perspective, because the $10,198 USD it's could be to consider as important level as support, becuase the price tends to go back to the $10,200 USD above it. Because the candlestick show a bullish movement, we have one signal of alert to stay alert, there are one rejection's candlestick and RSI and MACD overbought, and that show a possible bought until the go back to the $11,100 USD to then, confirme the break down of the shoulder head shoulder
IN H1, the RSI indicator show a momentum to see a bought because the price are overbought and RSI make a lowe higher and price action make a lower lower, that show a possible change of trend and bulls are defend for complete to find up the $10,200 USD as maximum point, if the Bitcoin it's was defended for bulls, we could see a bullish movement!!!
What to look for in Volatility when deciding to long equitiesLower highs on days the S&P 500 drops. This is exactly what we want to see if we are seeking to go long in the market. This in addition to volume decreasing is a classic display of a melt up. This is because investors are showcasing they are happy, hence complacent. Investor selling occurs when concerned about wealth preservation, or at the tail end/start of the year.
As always good luck trading friends!
gbpjpy long idea4H break and retest is safe position. If this asian session ahead of us breaks the range upwards and retests it can be a long entry as well. The safe position is on the right. 4H timeframe looking like its shifting momentum to the upside. Created a equal high and it here might be a higher low. Nice RR trades. Put your stoploss and your tp's according to your rules. Enjoy
Tricky MondaysPreviously looking for buys at 1.23500 support but decided to wait for price to form support above 1.24055. Price may just be moving funny or wee still may have a weak pound looking bearish. I've also spotted Hidden Bearish divergence on the 1hr timeframe so we may see a nice push back to the downside.
AUDJPY WEEKLY ANALYSIS! Daily Chart (SHORT)Good day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead!
For AUDJPY, from daily perspective, bull has been exhausted and bear has dominating the price at the moment. Price has formed a clean lower high and next it would formed a lower low. To have a good risk reward entry, two possible entries are listed as below:
1. Patiently wait for the price to break below 72.5 and a retest. Then, set a sell limit at 72.5.
Entry price: 72.5 (Sell limit)
SL: 73.855
TP1: 71.62
TP2: 70.20
2. Once price has broke 72.50, set a sell stop at 72.35.
Entry price: 72.35 (Sell stop)
TP1: 71.62
TP2: 70.20
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
USDNOK a continuation of the bearish trend? 🦐After the long downtrend the market retrace till the 0.382 fib level and now it create a lower high lower low.
IF the price will manage to break the structure we can set a nice sell order with the target at the yellow trend line which support the upper trend line on the 1d chart.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
AUDUSD bearish scenario (SELL IDEA)We will be looking for sell continuations on upon 1h candle confirmation at the 61.8% retracement level, which is doubling at the previous supply zone area.
Stops will be placed just above the zone (15-20 pips), with 1:4 possible RR.
On the 4h, we see AUDUSD hitting and bouncing off the upper trendline of the channel, indicating the beginning of a strong bearish pressure.
Please drop a like if you see potential in this setup!
Always trade responsibly and with appropriate risk management.
Happy Friday and happy trading!!!
GBPNZD Structural Support| Stochs Cross| Range| Bearish Retest Today’s Technical Analysis – GBPNZD – respected structural support, a bearish retest of resistance is likely.
Points to consider,
- Structural support confluence
- Resistance range
- RSI cooling of f
- Stochastics buy cross
- Volume below average
GBPNZD is in a defined downtrend with consecutive lower highs. The structural support is in confluence with the 1.414 Fibonacci Extension, price has bounced of this area.
Structural resistance is the initial target of this range; a bearish retest will put in another lower high.
The RSI is cooling off from oversold conditions whilst the stochastics has a valid buy cross, momentum is shifted up.
Volume is currently below average, an influx is likely as price trades closer to structural resistance.
Overall, in my opinion, GBPNZD has respected support; a bearish retest of structural resistance will establish another lower high. It is important to monitor how price action forms as this will help with the directional bias.
What are your thoughts?
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And remember,
“However, market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.”
― Mark Douglas
USDCAD : SHORT TRADE SETUPUSD/CAD stays above 1.4000 and the key question is whether it will continue the recent upside move. At this point, the nearest major resistance level is located at 1.4575 and 1.42300. This level has already been tested many times and has proved its strength.
We also note USD/CAD is struggling to continue above the recent highs formed towards the end of last week at 1.41500, therefore a pattern of lower highs may present itself on the chart which will be bearish for USD/CAD.
On the support side, USDCAD, may likely head towards the major demand level at 1.3850. which is where sellers may be considering taking profit.
From a big picture point of view, USD/CAD continues to trade in a wide range between 1.3850 and 1.4250, and the pair will need substantial catalysts to get out of this range.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Weekly lower high confirmed. Bitcoin to $1950.I've been saying this for over a month.
The Halving is already priced in.
After Bitcoin corrected almost 50%, what does the market need to do? Come up and grab liquidity. The market cannot move linearly - it must move in market cycles.
So. Whilst everyone was short from 6K. I was bullish as I knew we needed to come make a weekly lower high.
We ended up coming up to weekly 78.6 which i initially covered in Money Mondays.
I am now seeing weakness, I'm now shorting Bitcoin to 2K.
Moon boys will be left with jaws on the floor.
Hope this helps.