NEWS
Long BTCUSDT (News) Quote: " Wise people tends to be profitable, smart people tend to be prove themselves right. "
After btc hit the price of 31700, it went back to the whales support at ~29k , it will tempt people to sell again and trap sellers at support.
At most, I see it will go to fill the gap at 28.9k, after that, we should forms support again and go back up since there is upcoming USD CPI news.
Hence, I am expecting a sideway move again to try bottom sellers at support and getting excited that we will go to 25k.
The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
After the H4 had formed a leading diagonal based on wave principle, it make this sideways movement for people to think that it will go down further and tempt people to short. Then, it went up as predicted but some shorters and smart guy will sell it thinking that it is a bear flag and got rekt.
Do not be deceived by the whales manipulation. We might drop slightly lower to hit 29k and forms support again.
This manipulation by whales are food for them as retails traders getting liquidated easily.
It is trying to make you think that we are going down, so that you will be shorting the support here. But , Do not get deceived by the whales!!!!!
I realized everytime the whales push it back down to the demand, they will do this type of manipulation.
The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area.
This is because they are accumulating shorts and piling up their btc spot positions for it to move up further.
It shows a strong demand on this 29k area for bitcoin , It filled one of the CME gap but there is one more left. The whales are accumulating. It is trapping elliott wave and breakout traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
A lot of people had lost money buying optimism, lunc, luna and investing in scam coins and wanted to recover their losses,
Whales had been defending this 29k level multiple times. Everytime, it hits this level, it will bounce back.
Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy bitcoin at the dip before going to 100k. ( long term target).
But first, the short term target is 33.4k as price target.
Bitcoin created a retest of the broken support turned resistance with bullish candle with a clean candle to 31700 USD, this had pushed the price up to 31700 as clean candle as predicted. The whales will breakout traders thinking it will go down but it will go up.
Do not short this but long instead, the manipulation is too easy to be spotted.
This is very bullish , long bitcoin and take profit at 100k. To the moon.
This should be the macro bottom. Simple whales with their obvious manipulation.
Hence, btc should moon from here and target 38k .
First target should be 34k .
On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?!
This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
WHAT CAN WE EXPECT FROM XAU/USD BASED ON NFP COMEOUTS?Happy Friday, TradingView community! You've made it through another successful week of trading (hopefully); however, we're not done yet.
In an hour and a half from the time of writing this post, we're having the NFP data released for US economy as it is the first Friday of the month. Non-farm payrolls give us an insight into the change in Average Hourly Earning, Employment change and subsequent Unemployment rate in the United States. As you might guess, this would be quite an important news release for any world economy. Overall, the projections for this month are quite conservative. Thus, most people expect the more likely scenario of the "Actual" NFP data to be better than the initial forecast. This would be the positive reading for USD and all the pairs that have USD as a first currency. In this case, for XAUUSD we have a drop till 1830s with a further retest and bounce all the way to 1790.
However, we also made sure to include Scenario #2 for the case of "Actual" being lower than the "Forecast" (less likely). It is pretty self-explanatory, yet not as likely as the previous scenario.
Either way, we're looking to clarify some direction for the next week and make some money along the way :)
GBPUSD - Flash Crash ⚡️This pair took a tumble after the UK May flash services data was released.
Many will be impulsively selling this now but I am focused on buying up into the higher supply zones to sweep the equal highs created.
Price could get all the way down to 1.24-123 before we get an opportunity to swing buy but the wait will be worth it.
Let me know what you think down below traders! 💬
⚡️ #DOCK/USDT - Potential 110% - $DOCK ⚡️⚡️ #DOCK/USDT - Potential 110% ⚡️
Nice little news drop for DOCK to kickstart the breakout, could be on for big targets assuming market doesn't collapse further
All targets on chart
"Trade Like No One's Watching"
EUR/JPY downside leg looking prominent...After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline.
We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.
DXY - CPI Data Day 💣Since it is a big day for the dollar it is only right we take a look at the DXY to get a better perspective on what we can expect.
I am in two minds - the daily chart would suggest we have an incomplete compression that needs to push higher to take out early sellers.
BUT
The four-hour charts suggests that breakout sellers have already been liquidated and that it may be time the buyers get a stop hunt.
What will happen is unclear but at least we have two scenarios we can work with depending on price action.
Keep this in the back of your mind during trading today and make your own judgement.
GBPUSD: Pick Your Side 🚨Price continues to travel within a tight range.
The market makers have done a great job of setting up liquidity to be hunted during the US CPI data at 13:30 PM (GMT+1) today.
Both the supply and demand zones we have been working with over the last few days have become weaker and weaker.
The question is what side will go first?
We will need to study the London session to get a clear picture of where price is likely to travel during the news event - React don't predict.
What do you guys think? Let me know in the comment section below. 💬
DYDX: Strong news = Strong coin💪While everything else falls, DYDX grows.
Why? As in most cases, when coin looks stronger than a market there are news that give it power.
If we check DYDX twitter we can see that developers announced something big, even tho, nobody knows what it is, this announcement was already enough to make it grow 30% , while BTC dropped more than 7% .
Will enter the position when price squeezes to the trendline on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
3% - 1/3
6% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
IOST - Example how bullish news can trap you 🪤 IOST announced creation of their own stablecoin, hence, everyone decided to long, we can see it by volume at top.
Right now a lot of people are trapped and can be liquidated, that's why I plan to take short
From technical point of view:
⭐️ BTC bearish
⭐️ Level is seen on all timeframes
⭐️ Volume is at top
⭐️ 6th touch
⭐️ Level is 52 days old
⭐️ 35 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
‼️ Economic calendar week 02.05-06.05 As usual, at the beginning of the month we have a busy week from a fundamental point of view, with presentations of reference rates, NFP, etc. As well, on Monday we have bank holiday on GBP and Tuesday, Wednesday and Thursday on JPY, so we can see less volatility on pairs with these currencies. Seems we could see an increase rates on AUD, USD and GBP, but I think we saw bullish price action on these currencies during last weeks and I expect now a retracement. My recommendation is to avoid trading during these news events.
Take care!
EURUSD is heading towards 1,0400EURUSD continues the downside move with almost no pullbacks.
We're expecting the same thing today and a move below 1,0500.
The next support level is the low from December at 1,0400.
We're expecting a test of those levels and possibly a breakout as well.
Before that we could see a deeper pullback due to traders collecting profits. That normally happens at the end of the week or the end of the month.
AUD fundamentals looking volatile into tomorrow...Like most of the majors recently, AUD/USD has been plummeting like no tomorrow. 0.7000 could be on the cards looking at the inflation rates coming in tomorrows early hours.
As there is expected high volume over the next 12 hours please trade safe. Overall our bearish bias remains in place and further downside is to be expected.