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BTCUSDLearning NEVER stops. Come Tap Into a nice clear visional understanding of Price Action.
_SnipeGoat_
_TheeCandleReadingGURU_
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Beware of Symmetrical Triangles. And yes, they occur oftenWhy Beware?
Ambiguous Direction: Symmetrical triangles don't inherently indicate whether the breakout will be upward or downward. Without additional confirmation from volume or other technical indicators, predicting the direction can be challenging.
Market Noise: In volatile markets, price movements within the triangle can be erratic, making it difficult to identify clear breakout signals amidst the noise.
False Breakouts: Not every symmetrical triangle leads to a significant price movement. Sometimes, the breakout fails, resulting in a false signal that can trap traders in losing positions.
Bitcoin - Fakeout? MUST WATCH !!A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts.
The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing:
Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days:
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BINANCE:BTCUSDT
WHAT'S FLOWING: AUDCNH / CADCHF / EURNOK / XR1. AUDCNH
Market Sentiment:
AUDCNH is showing some weakness, with analysis pointing towards potential declines towards key support levels near 4.500. The pair seems to be struggling amid mixed global sentiment towards Chinese economic growth and fluctuating Australian dollar strength.
Trade Idea:
Monitor the short setup if the pair continues downward pressure, especially with upcoming data releases from both economies likely to increase volatility.
(TradingView)
2. CADCHF
Market Context :
CADCHF has been steady as commodity-linked currencies remain sensitive to global oil prices and risk sentiment. Any further pressure on crude oil could create potential opportunities to short the CAD against the more stable Swiss franc.
Outlook:
Traders should keep an eye on oil developments and geopolitical news, which could influence CADCHF movements and create breakout opportunities.
3. EURNOK
Movement:
The euro remains sensitive against the Norwegian krone, with EURNOK reacting to oil price shifts. Norway’s economy, reliant on energy exports, continues to benefit from oil price surges. As energy markets evolve, the krone could further strengthen, putting downside pressure on EURNOK.
Strategy:
Consider potential downside plays, especially as oil markets remain volatile and in focus this week.
4. XRPUSD
Crypto Sentiment:
XRP has been fluctuating, with its market performance influenced by broader cryptocurrency volatility. Over the past few months, XRP has shown resilience, with increased trading activity recently supporting slight upward movements
(CoinMarketCap).
Trade Setup:
The token remains positioned for short-term speculative trades, with investors eyeing the 0.54-0.56 USD range as a key area to watch for potential breakouts or reversals.
US DOLLAR what are you doing my G!Hi everyone!
I personally think that TVC:DXY is overextended, because I believe in statical standard deviations + time, there is sound math behind it.
However also the market is so hard because it can do whatever it wants sometimes, like now... lol.
And Me personally I have been looking for a pullback, a small one at least, and since the markets are really moved by the huge money, I have a feeling there will be a fast and sharp pullback down, and if this is truly a bullish reversal, it will hold around the break area.
And MAYBE, I want to say like 50-60% chance, it was continue rising from there, but we are not god, so we need to see what the next days will tell.
Thank you.
SPY/QQQ Plan Your Trade For 10-14 : GapUp-Lower In Counter TrendGood morning,
This video highlights what I expect to happen in the SPY/QQQ, Gold/Silver, and Bitcoin over the next 5 to 7+ days.
Remember, I'm using my proprietary modeling systems, SPY/Gold Cycle Patterns, and other research to share a roadmap of expected price action 5- 7+ days into the future.
I don't know anyone else who can do this research accurately and provide such clear trade/entry/exit signals.
This week should be exciting as we'll see multiple opportunities in the SPY/QQQ and Gold/Silver.
Bitcoin is nearing a Phase #4 (consolidation) trigger near recent highs. At this point, traders need to wait for a breakout of the recent range before getting more aggressive with BTCUSD.
Let's get some this week.
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XAUUSD GOLD: Understanding Trend Shifts for Precision Entries👀👉 In this video, we explore the inner workings of market trends and, more importantly, how smart money manipulates price action to sweep liquidity, allowing them to place their orders and sustain the trend. We also showcase a powerful, free indicator from TradingView’s extensive toolset. Here's what we cover:
📊 Understanding Trends: How trends truly operate in the market.
💰 Smart Money Tactics: How institutional traders manipulate price action to sweep liquidity and execute large orders.
🔑 Key Levels: Identifying crucial accumulation and distribution zones to approach potential trade setups effectively.
🛠 TradingView Indicators: Learn how to access tools that help spot when price is overextended.
🔎 Market Structure: Discover how to locate resting liquidity and anticipate price reactions, understanding the role of liquidity in market movement.
📈 Trade Setups: Using a practical approach, we examine price interactions with liquidity, blending Wyckoff theory and ICT concepts for sharper trade decisions.
Disclaimer: This video is for educational purposes only and is not financial advice. Trading involves significant risks. Be sure to conduct your own research before making any decisions. Trade responsibly.