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Maribbon

BTCUSD Clear S/R Flip is about to OccurHello traders, BTC is approaching to a key resistance, previous support, zone in the near short term. This resistance zone has been tested and rejected starting from 13th of Jan, 4 times as shown in the daily TF. My hypothesis is that this time because EMA ribbon is also showing a reversal, BTC might break the resistance zone and approach to the next minor and major resistance zones, the first grey area above and the golden pocket respectively. I would wait for a breakout from the resistance zone and follow up with the re-test of the zone. Only then enter a long position with a SL below 1-2 ATR of the resistance. No trade if we don't see a clear breakout of the resistance, a retest of the resistance, and nice big volumes. Have fun and good luck.
BITSTAMP:BTCUSDLong
by Shanks21
1
JPY BASKET Where next ?Hey there everyone, A currency's index can be of utmost importance while trading ,So let's see what's happening with the Yen Index to set targets and apply them to the XXXJPY pairs As we can see the price just broke through an important zone and 2 descending trendlines ,achieving the target of the previous Double Bottom formation Although waiting for more from the yen may be tempting to make more pips however this seems unlikely as price has been on the rise the whole week So we have 2 scenarios in mind : 1-This is just a fake-out which will be confirmed by returning below the previous resistance and trendline as we are at: #Fib level 0.786 #Long Upper Wick #near 100 EMA #approaching overbought area on HTF 2-A break-out in progress AFTER we complete a short term retracement to retest the broken structures during the next week near Golden Fib levels and the 100 EMA + 20 EMA Crossing the 50 EMA Targets will be 1-Continuation of the Downtrend since 2021 making a LL below 9000 within the next couple of months 2-First one will be the previous zone of resistance at 9400 to 9450 Next one will be around 9550 $$$ THE COLOR CODING SYSTEM $$$ Violet : Weekly and Monthly Red : Daily Blue : Hourly Thanks for your reading and wishing you all a good weekend
J
by kimozelghonemy
Bitcoin's Descending Triangle Target: $24K (Mind The Gap)Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures. Never underestimate the accuracy of Bitcoin's descending triangle measured move targets, if the breakdown is confirmed: For alternative broadening wedge theory and bullish buy the dip scenario, see here:
COINBASE:BTCUSD
by dragononcrypto
COIN : INVERTEDIf we flip COIN upside-down, it might give us a shiny new perspective on this stock. I threw two horizontals on it at $250 and $310, given the psychological significance of these areas, and also because the surrounding price action suggests that they are important support/resistance levels. We can also look at the VPVR (volume profile visible range - the histograms plotted on the left and right edges of the chart, meant to reveal dominant and/or significant price levels based on volume). If I'm specifically studying the VPVR, I prefer to have one on each side, because it's easier to visualize the horizontals when there are two VPVR's, and it's nice to have one on the left side when looking at price action on the left side of the chart. There's no deep technical analysis or profound predictions for this idea, folks... my goal with this chart is to give us a nice presentation showing how COIN's price action looks on the inverted price scale, with the hope that it might give us a new perspective. And while this chart most likely won't radically shift your overall outlook on COIN, I'm hoping that at the very least, you find it interesting... another worthwhile nugget of info to add to your stash. // Durbtrade
NASDAQ:COIN
by Durbtrade
8
[DEFX] DeFi Breaking Bearish - Time for a retraceDecentralized Finance, the hot new projects making 5-10x in a matter of weeks. Will these 1000% gains be held over summer? It's only a matter of time before DeFI comes back to Earth, regardless of whether it will continue to be adopted by the crypto community. Exepct this DeFi Index to drop hard if Bitcoin breaks below key support levels. This will be top of the list of high risk markets to be dumped if the overall crypto market is to take a fall. Market value is now below the MA Ribbon and cloud on the Daily, RSI is close to bearish, and it's a long way back down to the 100 & 200 MAs, as well as the lower levels of fib retracement 0.236 - 0381. With parabolic moves come sharp corrections. It could take a while, but this market needs to cool down already. That said, if Bitcoin continues to consolidate for more weeks/months, expect higher levels of speculation.
DShort
by dragononcrypto
MA Ribbon and MACD setupThank you to John Mann for the MA Ribbon This setup allows you to enter the trends early but safely. I use this for a day chart but also sometimes an hour chart. I believe it can be used for any chart but is best used for longer charts. I use a weighted ADX with a length of 8 to determine if the market is trending. I only enter a trade if the ADX is above 40 ALWAYS try to enter at the begining of a trend ALWAYS try to enter when the MAs are splitting apart rather than clustered together Long Entry MA Ribbon has crossed itself and is headed upwards MACD line has crossed it's MA line and is headed up Whatever indicator you'd like to use to determine if the market is trending shows that the market is trending (ADX above 40) Short Entry MA Ribbon has crossed itself and is headed downwards MACD line has crossed it's MA line and is headed down Whatever indicator you'd like to use to determine if the market is trending shows that the market is trending (ADX above 40) Use trailing stop to exit trade (or any exit method you prefer) Easily make 300-2000+ pips in 15-30 days.
by jatnip64