Multitimeframeanalysis
BTC/USD : Last bounce before the rejection !COINBASE:BTCUSD BINANCE:BTCUSDTPERP
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 !
Let's have a look into macro view before we start to take a look into LTF charts; As you can see there're two possible zones to pullback the recent dive below $40K's support.
Now there're two simple scenarios :
- Pullback from $38000 and retest $46500.
- Rejection below $38000 and dive into $36150.
The pullback is the major movement here and I won't active any other bearish setup until we get the rejection below $29000 !
As we talked about the bullish setups; I would like to inform that my main scenario is to locate SHORTs into $46500's NPOC and $50000's resistance.
- Also I have my invalidation above $53000 to locate LONGs after it...
📌 There can be more details into lower time-frame charts, Such as :
As you can see on above chart; There's a bullish order-block located on $37700 and the lower H2 can be another great entry for bulls.
If I want to set an invalidation, It would be as a rejection below H2's demand zone !
📑 Conclusion :
There's a possibility to have a bounce from $38000's support into $46500's NPOC (Naked Point Of Control).
So I'll be looking for possible pullback from $38000's order-block and $36000's H2 Demand.
- The invalidation will be a close below H2.
I would locating the possible SHORTs from $46500's NPOC and $50000's resistance to SHORT the pair into $29000's support.
- The invalidation of SHORTs will be a break-out above $53000's resistance.
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Will Cad/Oil Buyers Step In?Called the crude Sell off Before the Week began, we came down quite a ways, 5%. That's alot, this is what i'm looking at for this pair. I'm not supper bullish on the EURO. Reasons for liking crude 1. Higher time frame trend surrounding crude 2. Inflationary environment we are in 3. that was a massive move on the weekly timeframe, buyers will be taking profit, will take time to gather liquidity
Buying into a Daily Supply Zone can be Risky / GBPJPYWe have a clean traffic range up to 157.7. However this is also a Daily Supply zone we are trading at and price can just suddenly reject any of these prices and take us into a range or bearish for the rest of the week . approaching this pair at the current time is difficult because it just raised interest rates (on GBP) but then also we have Putin/Ukraine Tensions sentiment in the markets. looking for a retest of prices 156.5 and 156.250 for a Runner Position
Price action is Proving Bears Wrong? // EURUSDI think we saw sell opportunities already early in the week during the first few sessions,
These Higher Lows rejecting our Daily Zone @ 1.1275 are very aggressive. was this the bottom wick on the Weekly timeframe and now we will begin to see higher prices for the rest of the week?
IDK but I'd bet on it until proven wrong. It is disappointing, If I were still a Seller, to see this kind of price action, given the fears with Putin/Ukraine, priced in already?, the Dollar strength as of late?
MULTIPLE TIMEFRAME ANALYSISHaving Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion.
I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question.
TOP DOWN ANALYSIS APPROACH
This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME.
I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus.
I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover
MONTHLY CHART
Monthly TimeFrame Blue 12EMA
A Support that act like a trendline
WEEKLY CHART
Same like Monthly 12EMA
But here Orange 36EMA on Weekly:A
Retracement level to consider adding new
Position in the Direction of the HTF
We saw a slowing week on the last red
That leads to the last week bounce
DAILY CHART
36EMA rejection Bounce on DAILY
Cautious area to take profit
Look for Rejection
Look to BUY Cheaper on OTF
8 HOURLY CHART
36EMA on 8HR with a Candlestick or
PRICE ACTION to look for the Discounted
LONGS and 2 good Confluences
Candlesticks HAMMER Price Action +
36EMA bounce
In Between the 200EMA
633EMA is a VOLATILITY GAP
This is where I observably expect
price to bounce Couple times in
betweenbefore we can make a directional
headway.
A VOLATILE REGION You can identify
in any market as price proceeds. So this gives you
a readiness awareness of what to expect and
for how long. 8HOURS represent a whole trading
SESSION
6HOUR CHART
Higher High 200EMA Selloff
on 6hr Corresponds the36EMA
on DAILY
BULLISH ENGULFING on 6hr 36EMA
after a potential longer term 8hr
(All Asian Session) Price Bounce
And maintaining of Higher Low
Price Structure
4HOUR CHART
Short Term Break of Structure (BOS) on 4hr
Chart is a good caution to let us know that
price won't just rise so easily higher
2 HOUR CHART
For Price to Change Direction
We have seen 1st 2hrs of hitting
200EMA rejection
Another 2hours of Price Slowing
without making a new low follow by 2hrs
of another Price Slowing after a Preceding
Downward Selloff Spiral
A clear indication of good 6hrs of consolidation
That eventually break out higher.Now we have
a good reason to look for BUY OPPS on
Smaller TF
The lower timeframe analysis will follow on hourly to minute charts.
Continuing To Sell This Currency PairThis week I'm keeping it light. I'm not interested in overwhelming myself so I'm going to show you how to let the trade come to you just as I am. You need 3 things:
1. To understand direction
2. To plot structure and wait for price to touch it( thats letting price come to you)
3. Permission to enter the trade(it just takes one price action candlestick)
Once you have these three you will know where you want to enter the trade, where you take profit will go, and where to place your stop loss.
How do you feel about AUDUSD today?