Multitimeframeanalysis
All you need to know for now!There is still hope! #Bullish
After giving $43,000 support two retests this month, Bitcoin has punctured market sentiment, having reversed direction near $50,000.
The move below $46,200 — the opening price for 2022 — was particularly hard to swallow, as it had marked the BTC price resistance ceiling since Jan. 1.
#Cointelegraph
Analysis of DIA, QQQ, SPY, VIXYLong term markets are still long, but price action and VWAP analysis is showing weakness today and yesterday which may roll over into a further correction down in price. The VIX is a little less bearish about market direction on an intraday basis.
My bias is down or sideways. There is an increasing amount of resistance to the upside and not a lot of base building to move through up through the resistance IMO.
XBT/USD : Last week's rangeBITMEX:XBTUSD BINANCE:BTCUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
Current $BTC's moving into a last week's range and There're couple of possible scenarios to keep an eye on them :
- Possible Deviation and pullback above $44500.
- Rejection below $43300's support zone and create another opportunity to take Short.
- Continuation for Short and rejection below $41000.
There're the topics that I'm going to talk about; Follow me 👇🏼
📈 Possible Deviation and pullback above $44500 :
If we got the break-out above the Fib's 50%, Then the deviation would be confirmed !
Be noticed that we need those candle closes above the mentioned line to confirm the deviation...
- The Long's trigger should be located on a proper retest of $44365's wick's S/R line.
📉 Rejection below $43300's support zone and create another opportunity to take Short.
If we get the rejection below the deviation zone; Then I'll be searching for a Short position.
Be noticed that we need to have the rejection before any action...
- The Short's trigger should be located on a proper retest of $43300's S/R zone.
📉 Continuation for Short and rejection below $41000.
In continuation of the Short's position.
If we get the rejection below $41000's S/R zone, Then we can have our other Short position into $37000's support zone !
- The Short's triggers should be located on a proper retest of $41000's S/R zone and $40300's S/R line.
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Ada - #ada New idea in Daily TFDear Friends
There is an important descending trendline with 3 touches and needs good demands to break it.
Although there wasn't any pressure supply(sell-off) also here
and I think it's normal movement.
Price can go down and range here after a few days could make new HH and will have touched resistance zones that showed in the chart.
check support and resistance and don't trust the last movement.
Trade MACD Multi Time FrameMaking a trade plane using MACD Multi Time Frame.
Chart & Indicator :
1. Heikin Aishi Candle
2. Current Chart MACD
3. Higher TF MACD
4. ADX
Steps :
1. Look at Higher TF MACD Direction
2. Check if lower TF MACD is aligned
3. Check if ADX / trend's strength
4. Set a limit position, wait for the price to break support.
5. Set SL in previous high. Set TP accordingly: using Fibonacci or previous zone as a target.
This is only for educational purposes. Do your own research accordingly.
GOLD (XAU/USD): detailed breakdown. Growth will continue?Taking a look at the WEEKLY timeframe chart, it can be inferred that the price has nicely rejected the zone of support that lines up with 0.618 Fibonacci retracement level. Zooming into the DAILY timeframe chart, we can observe that the price has been nicely rejecting the local zone of 1915 support. We are carefully eyeing the price action and looking forward to opening BUY positions. $1960 is our initial target and $2050 is the long-term one.
Happy trading, everyone!
Confluence of supportsIn the 30m chart, price is in a contracting triangle. Momentarily fell to a support and came back up. In the daily, price has broken from a channel and in the weekly, entering into another channel. I expect continuation to male a (d) wave in a contracting triangle of a Wave 4 on the weekly. The d-leg of a Wave 4 is counter trend and make an ABC form. Price is breaking a resistance at the weekly, confirmed by MACD. A pull back is expected in an ABC, if not now then at $53000 which will be supported by the current resistance.
The current support is at $44000.
R/R = 1.71
2% risk of a $30000 is 0.196 Bitcoin
The confirmation to enter comes from the hourly. in 1-hr chart there is pin bar.
Robinhood does not let me!
My account sum has jumped up, it shows only $25'000.00 available to invest, and it dies not let me use it with an error!
Daily:
Weekly:
Ok. Let's wait for the pullback!
NATGAS/USD Daily Timeframe Price action AnalysisOANDA:NATGASUSD
Hello Traders,
Here is my Daily timeframe price action analysis.
After reaching a 12 year high in October 2021 of 6.409 , the price trended downwards to the current yearly low and key level of 3.6 , which was respected multiple times throughout 2021.
We see a turn around in the daily trend at the key level of 3.6 and have been trending upwards since.
Please note the key level from 4.65 to 4.75 , which again, was respected multiple times in 2021, currently the price is vibrating around this level and has been doing so since 16th Feb 2022.
4 hourly timeframe analysis alongside potential position entries to follow this evening. Please leave a comment and let me know what you like/dislike or agree/disagree with.