Short Scenario for BTCUSDBTCUSD
When zooming out and looking at the Monthly canldes, there is a very possible short scenerio building. This chart shows Daily candles inside Monthly candles. You can see that price tested the critical level of 20k but didn't reject it strongly. As the daily candles continue to trade near this level, there will be much liquidity building above it. Price could continue building and taking liquidity as it moves back up to the Resistance levels shown on the chart. Resistance 1 is an obvious place to retrace to as it forms the lower level of the previous price accumulation. Resistance 2 is the next obvious level as it is both the top of the previous channel of accumulation and it is also significant becuase it aligns perfectly with the May Monthly closing price.
We'll continue to track price going forward to see how it reacts to these levels. Additionally, we will also need to factor in where the current Monthly candle closes.
Happy Trading!
Multi
Week Ahead - GBPUSD May 22nd, 2022 Events:
US - FOMC Minute
US - core PCE Inflation
US - FED Speakers
FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish.
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GBP - Manufacturing PMI
GBP - BoE Speeches (Baily and Tenreyro)
SPY multi-timeframe analysis and targetsSPY is in a downtrend, and that is the path of least resistance (as Brian Shannon likes to say). My trade bias is still short, but as of the time of this video it looks likely that there is some support building intraday, and the market could go sideways or up to challenge resistance before continuing down. Targets are presented in the video.
Lunar MTOPS Forecast For BTCHere is my current forecast for BTC
it seems like we are currently getting mixed signals with btc here we have 4 charts from different time frames and as we approach the end of the first quadrant of the 512 chart we seem to have just printed our second TP telling us the market should pull back to print a higher 3 but on the 128 we are still looking for 10 to complete before going to 1 in the next cycle
The 32 min has just pierced the killzone and is also looking to put in TP 10 soon so maybe the 128 and 32 will sync up and both print 10 at the same time which would give us a strong buy signal, not saying we will go to all time highs but it should give us some short term relief.
If you like these forecasts and wish to learn more about our methods follow my tradingview account and send me a message to see if you would be a good fit for our mentorship program and also I trade live on twitch daily producing some of the highest quality BTC signals derrived from methods used by WD GANN.
MULTI falling wedge#MULTI/USDT
$MULTI broke out descending resistance and shaped a falling wedge pattern.
🐮 break out from falling wedge can increase price toward resistance zone around $13.5 and in midterm price have potential to reach fib levels of whole swing down.
🐻 rejection from upper line of wedge can drop price to lower line which is the same with support zone around $11.7, then price head up to break out wedge.
Analysis on EURAUDIn daily time frame, this pair is in a strong down-trend.
In 4 hour time frame, price was rejected by the trend-line.
In 1 hour time frame, price is in a down-trend and broke it's correction flag pattern, after completing a 5 waves of correction.
So we are going short on this pair.
MULTI/USDT - Already !Binance Labs Leads $60M Financing Round for Multichain
2021-12-21
Main takeaway:
Binance Labs led the recent $60 million financing round for Multichain, which recently rebranded from Anyswap.
In addition to financing support from Binance Labs, Multichain is also building a partnership with Binance Smart Chain (BSC).
The funds will be used to support the Multichain ecosystem and its internal teams, including R&D, Audit and Service.
Anyswap MultichainBullish shark pattern.
Multichain is one of the fastest growing cross chain bridge.
Nxt digital the next multi baggerNxt digital after being in a down trade for more than 5 months now shows a bit bullish people looking to invest for a long term 6-12 months can choose this stock
USDJPY Entering demand!!USDJPY is entering a order block soon and above the order block, we have some imbalance to fill so I think the price will create fake support and then grab the demand so the price will move up.
Before I enter this trade I always wait for some kind of break of structure or change of character so make sure you do the same.
this is no financial advice, Trade wisely
Multi-timeframe, multi-momentumKudos to Chris Moody for creating these excellent indicators. The momentum is shown in three timeframes, two by the dual stochastic and another by the macd. Both stochs are set to 838 - I know it says 883 but I cut my teeth on MetaTrader 4 and prefer that labeling scheme - with the fast one tracking 15 minutes and the slower tracking 30 minutes. The macd is set to default except it's tracking 45 minutes.
I could sit here and tell you to do A when condition B is met, then C when D but instead I'd prefer that you make it your own and adapt it to your needs and ways. I love using a setup like this to help visualize the longer trend and as a filter. Will also add that I see a lot of emphasis placed on overbought and oversold (80/20) but the 50% mark as just as if not more important. May your trading be successful!
btcusdtHello friends
Every time I look at the chart, I see nothing but upward movement conditions
But it all depends on the weekly candle that closes tomorrow
In terms of time, we will most likely climb on January 8th
So before that there is a possibility of suffering or a slight decrease
If you look at the weekly time frame in the picture (top right) it promises to decrease to 22 thousand
Part2 of my last IdeaRight here is the importance of multi-timeframe analysis
As you can see, We have a healthy trend
How do I know this?
When the price in a trend rises, volume increases, when a trend does a pullback, the volume decreases.
If you see these things in a trend, know that it's a healthy trend.