Binance Coin just about hangs on to $305- but this could changeWeekend could see reduced volatility and Monday could set the direction for the coming week. With that in mind, the market structure of BNB is bearish
H12 bullish order block at $300-$310 saw a strong reaction in early April, but each retest had a weaker bounce. When this zone is eventually shifted to a bearish breaker, a retest can offer a shorting opportunity.
Entry: $309 (after a session close below $300)
Take-profit: $289.9 (23.6% extension level)
Stop-loss: $317.8 (resistance, and a move above will break structure to bullish)
R:R- 2.28
Orderblocks
15/05/23 Weekly outlookLast weeks high: $28610.2
Last weeks low: $25768.1
Midpoint: $27189.1
BTC dropping from weekly high at the start of the week to the lows in an almost linear diagonal decline, baring the anomaly of the CPI news Wednesday. Followed by a retracement back to the midpoint of the week after a weekend pump.
The week has started positively by flipping the midpoint of the previous week, with a retest and acceptance above could be bullish and I would expect a run up to 29K, where we go from there is anyone's guess as we have been ranging for a little while now.
A retest of the 25.2k level before a continue in rallying price makes the most sense to me.
BTC/USDT: Formed a falling wedge.BINANCE:BTCUSDT.P BINANCE:BTCUSDT.P
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
Alright folks, Let's take a quick look on CRYPTOCAP:BTC , There's a formed falling wedge on daily TF and I believe that this formation could lead the price to the lower levels.
You might ask yourself why?
Well, The reason is that the last formed DARVAS box at $29000 - $32000 and the historical weekly S/R zone formed around at $28800 are rejecting the price here and filled the potential with bearish momentum, So on High TF, There's a high chance for CRYPTOCAP:BTC to gets the ladder to the lower support at $24700.
But the problem is that we can't locate a good entry for Our SHORT after the pattern breaks down (Breaking below the falling wedge).
So, We'll head to lower Time-Frame charts for better understanding of the chart!
Before that, Let's review our Factors on the current chart:
- CRYPTOCAP:BTC has formed a falling wedge and it can lead the price to the lower levels.
- If Price break below the pattern it won't be a tradeable movement, Cause it's going to be a neutral movement towards $24700.
On other hand, For those who are looking for opportunities:
- If CRYPTOCAP:BTC breaks above $28300, We'll have the chance to enter LONG towards $32000 if with a hold above the marked S/R line!
- If the price rejects below $24700 on daily TF, Then it's more likely for CRYPTOCAP:BTC to dive to the lower supports at $22850, $21650 and $20450.
Let's take a quick look on the 4H's chart too 😉
As you can see, There're two potential Price voids which are solidly made by liquidity candles (Explained it as on TV account).
So, As CRYPTOCAP:BTC gets the rejection from the higher order-block, I would like to set my eyes on the lower support at $26500, If CRYPTOCAP:BTC lose the support there, The it'll be likely for Price void to complete the pattern (Dive to $25300 with liquidity candles).
Also, There'll be more rejection if CRYPTOCAP:BTC break below the support zone at $24250, In that case;
Aside of Price void formation, There'll be high chance for CRYPTOCAP:BTC to reach $18K and $15K again! (Even lower if I want to be clear).
But, On other hand, If CRYPTOCAP:BTC breaks above the S/R zone located at $28300, As I said on High TF chart, Then there'll be a chance for bulls to show the growth towards $30200 one more time and test the resistances till $32000.
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 with their vision.
Have a good day!
@Helical_Trades
Cardano bulls likely to falter at $0.375 againPossible short-term range formation after a strong ADA move downward from $0.42 that began in late April.
Range extremes are at $0.373 and $0.348. The range highs coincide with a bearish OB as well.
A sweep of liquidity just above $0.375 was a possibility that bears must be careful of.
Entry: $0.369 (aggressive, more cautious traders can wait for rejection from $0.373)
Take-profit: $0.349 (just above range lows)
Stop-loss: $0.3777 (a wider stop-loss at $0.38 can also be considered)
R:R- 2.45
EURGBP potential shortAfter price broke structure to the downside, it impulsively retraced and retested 4h supply zone. It then reversed, breaking structure on a smaller timeframe which gave us a shift in market structure. Price has now formed liquidity which it could potentially use to push further to the downside
AUDNZD for a possible massive dropAs we can clearly see, price is in a bearish phase. It first gave us a reaction of a higher timeframe demand which eventually failed. Price then retraced back up, forming liquidity just below our 1h POI that was left behind when price rallied. This has now provided us an opportunity to catch the rest of the move to the downside through a flip entry that has been established.
which way for USDT.D?"In the given scenario within the daily timeframe, I give a probability of movement 1 or higher. Because if movement 2 is to occur, we need to have trailing orders in place, as it may not seem evident when looking at lower timeframes. As depicted in the image, we can see the executed orders within the specified area. Essentially, we are looking for upward liquidity, and this movement causes a market decline. If the liquidity level is touched, we have a strong area above it, which, in my opinion, indicates a good potential for price growth."
Peopleusdt is it true Orderblock?The footprints of institutions or whales have emerged in these two areas, including the PEOPLE/USDT market. From a price perspective, if we see a price reversal, we can expect an excellent reaction and response in Zone 1, particularly for PEOPLE/USDT. One important factor in this area is VRVP, which is precisely located on the Order Block 1.
BTC plays hi as i indicated earlier , BTC is in near a huge resistante block ,
it must go down but why haven't it already started the fall ?
well , its a little complicated but the short answer is this , price is making sell side liquidity down bellow , around 28300 - 28600 . and after its built , it might go hunt it . and after that might come back to this very block that it is in . to hunt buy-side liquidity . and then the fall we've been waiting for !!
sooooooooo its gonna be boring but DON'T LEAVE UR POSITOIN OPEN WHEN UR NOT AROUND .
price might make some vicious moves .
that's it , good luck ...
hamid
CPI Hacks ! GOLD 500 pips SELLGold 500 pips Sell if we reach OR All time highs.
We all know that CPI red folder news is one of the biggest news events for GOLD. It is highly volatile, however we can capitalise on what we know so far.
IF Gold comes up to our highs, there is a very HIGH chance it will reverse giving us a 500 pip move back down to support levels.
Lets go ENABLE CHEAT Codes and SELL !
is trading view technical analysis reliable ?well hi again , although i usually don't trade any other markets than crypto , but ;
at this moment , if u go into stock screener tab and look at #AAPL , u will find it's technical analysis to be "^BUY " but i dont think so ,
as it apears to me i see a head and shoulder pattern forming here , and i now predict a ITH at 169.70 point were then i think we will go down to that huge GAP down there .
but as i said im not an expert over here , but technical analysis is technical analysis , and this my friend does not look like an uptrend .
but we shall see which one is right then , me or tradingview ?