ETHUSDT H1Hello,
this is my thought about ETHUSDT H1 for now
overall price looks to be in a triangle pattern (direction isn't clear)
since the slumped w high volume on 9/22
touch EQH price will drop,
and touch EQL price will go up (at least for now)→ except for sudden news impacts its short-term direction
demand & supply zone is given on chart
ps: Non-Farm Payroll data will announce soon within few days
All are personal opinions, not investment advice.
Any suggestions and feedback are welcome!
Marketmakermethod
ETHUSDT H1 After price slumped on Sep22 (which was FED releasing interest rate timing),
the price went uptrend to supply zone now
two ways I personally think it may move like
1.(Space)
bullish K bars appear and directly break out the supply zone(1400),
then it may have high posibility to continue move uptrend as there is next resistance zone at 1450
2.(Time) ← now seems move like this
the price may move within supply zone for a while,
as we can see there was a huge volume (in Binance exchange) on Sep22
it's hard to consume selling pressure by only current volumes
so it needs time.
all are personal opinions, not investment advice,
any suggestions are welcome!
BTC USDT ELLIOT WAVE , Market Maker , Pattern AnalysisBTC USD.
I was going through the charts and found a pattern that could play out... Of course, everything here is definitely NFA.
This is a 1H BTC chart.
This anlysis combines Elliot Waves, Market Maker strategy along with some basic technical analysis .
The green background showing were done with the first 5 waves and on the red background part price is currently sitting on the beginning of the last third leg.
I use channels for S/R , and fib circles for timing the moves. I think if we might see a move when we cross the circle, or close to it and since the wave cannot be considered if the price breaks the previous higher high, and we have already seen previous waves develop, i have to assume the pattern is valid, and we may see 20141 as highest it can go.... for now.. maybe.
Ill add some more confluence...The chart also has 3 vector candles that need to be recovered marked by the red arrows on the chart .. which gives it an even higher probability of the drop.
The pink line and the green arrow is showing where we could see the last point where it could bounce from, before heading down..
The Cyan line represents the measured move we could see in the next leg.... which also adds to the confluence of this idea...
There also an alternate version of the chart, which expands the fib circle a little more just in case the price lingers on a bit, but i would still expect a move right around where the next ring crossing is.
Comments and Thoughts are welcome..
LUNA/USDT ----> TUTORIAL (when and why take position ) HI guys we have some questions and now answer that. if you have any idea , you can comment .
answers:
1 and 2 : if we had a strong sell movement it couldn't brake it without any react !! and now if it had broken it would pullback on that level.
(caution : the price goes everywhere finally it has to ( again i repeat it : it has to) pullback that level. and why it has to pull back you must find answer on supply and demand orders.
3: when you have strong movement it hasn't enough time to settled price level but anyway it settle on another time.
4:thats joking if you think Russian or Ukraine people buy and price grows whenever other currency were approximately constant. the answer is exchanger and market makers. but why? they are take profit with 2 strategy. one ,take profit with liquid novice trader with raising unexpected price for many times . two ,they bought on 40$ level and now price is above 90$ so they need time to sell. and they may make another trap for trader they brake the highest historical price and when novice traders were trapped exchanger and professional trader take sell position.
conclusion :
when you see enough reasons for take buy position or sell position and price have enough distance from your levels find entry situation and DONT FORGET MONEYMANAGEMENT then take a your position that's not important after that price go where you just need money management and wait.
be profitable.
Possible Idea for Short and Long ETH/USDTThis is another test of an idea using order blocks. Bearish and Bullish Order Blocks are marked. Think Ethereum must correct more before going up too much more or it will be an epic failure. I would never buy Ethereum at this price so why would most other people? For this uptrend to be resumed iit needs to finish the correction. Here is kind of how I see it playing out. I was looking at the locations of the order blocks and this is what I cane up with. Those two lines are very old and seems to be important here. Since the top trend line has been a point of rejection multiple times, it seems to me that its a good place to short to the bullish OB. Those line were there from way earlier when I was finding where another breakdown was going to occur. You should be able to see the origins. So shorting to the Bullish OB makes sense. Then longing there to the next high and use TP using the VP. There is the potential that it could go straight down through the block and continue further,
It could also just got to the order block from where it is now, if so missed trade not a big deal. Again, this is just an idea/experiment part of a series of tests I am working on for a new strategy and possible indicator.
I am using many other thing besides this to design this trade idea. I use a MM Matrix, Live Order Book data, Liquidation Levels, Volume Analysis, Foot print charts and a different charting software. I have done my best to get the data here and make it work on time based charts but I work more with range charts I am not trading this just seeing how it plays out. I have a fair amount of confidence it will be close to how it goes. One or both trades should work out. I would have larger stop losses myself but these make sense if my idea is remotely correct.
-NFA, Not live trade I am doing, experimental trade but think concept is sound. Lets see. If you haven't noticed I am in search of something different. I hate following so I always look for different things or opportunities. Some work, many don't. I still trade my regular trades but am just posting these for feedback and heck maybe someone sees something they like and it makes them good profits. I certainly hope it helps someone.
June W.5: Short-term trend signal!Hi friends, I hope y'all having an amazing weekend and also preparing for the last week of the month ;)
Today, we got a counter-trend signal on this baby. This crypto has been dropping for weeks, and it didn't retest a couple of key level targets on the daily upwards. Moreover, huge gaps were formed between the price and short-term m.a's on the weekly and monthly, they have to be closed with retests that will fully confirm the bearish trend continuation that we hopped on - on the 1st week of May 2022 (check the previous posts). So, let us now look at how our trade will be triggered and dis-confirmed.
Bulls: -The price will bullish rally for the H&S and short-term m.a's trend and for the 200 m.a - probably after it has closed with a bullish reversal candle pattern above the 1st 4H Key Lvl and 8 m.a. I call this type of trade an "H&S A-E.3 signal"
Bears: -The price will dis-confirm this trade by dropping to its stop-loss point - probably after it has bullish bounced off the Daily Neckline 2 with a bearish reversal candle pattern that will lead the price to bearish break and retest 1st 4H Key Lvl together with the 8 and 50 m.a's.
That's it for today. I hope you found value in this. If you have a different concept, feel free to share it in the comments section or in private with me, I'd love to know what you're thinking!
Stay Blessed,
Doji-2k1.
June Week 4: USOIL Medium-term trend!Hi friends, I hope y'all had an awesome weekend and ready to tackle this week strong ;)
Today, we looking at a possible bearish trend here on the daily. This trend signal is derived from the monthly where the price is in the bullish half a bats L2 formation that will bounce off or retest the 8 m.a before continuing the patterns trend to its 3rd level. So we are currently anticipating a counter-trend, and when its done we'll hop on the main trend. Let us see how the bulls and bears might behave in either triggering our trade signal or dis-confirming it.
Bulls: -The price will dis-confirm our trade by forming a bullish reversal pattern that will lead the price to bullish break and retest 2nd Monthly Key Lvl (stop loss area) together with 50 m.a (light blue) and bullish crossed short-term m.a's (dark blue and red). If the price does that it will trigger the weekly's double bottoms signal and I'll share it here.
Bears: -The price will bearish drop for the head and shoulders trend together for the 200 m.a (that's visible on the Mt4 chart in white color) and short-term m.a's trend - probably after it has bullish bounced off the Daily H&S Neckline 2, 50 m.a, and bearish crossed short-term m.a's with a bearish reversal candle pattern. That will trigger what I call an "H&S A-E.3 signal".
That's it for today. I hope you found value in this. If you have a different perspective on this instrument, feel free to share it in the comments section or direct message me, I'd love to know your thoughts!
Stay Blessed,
Doji-2K1