Altseason - Flippening - ETH/BTCHere the proof for a solid base of the flippening ETH/BTC, upper boundary breakdown and reclaim + channel, waiting for the monthly close and let it happen. GL & HF
Community ideas
USOILUSOIL has finally broken out of this counter trendline we should see further push to $80 per barrel
USD-JPY Will Go UP! Buy!
Hello,Traders!
USD-JPY is trading in an
Uptrend along the rising
Support line and we are
Already seeing a bullish
Rebound so we are bullish
Biased and we will be
Expecting a further move up
Buy!
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LTC Litecoin Trade IdeaLightcoin LTC is currently trending bullish we see this breakout on the four hour timeframe. Look for the retrace into equilibrium on the current swing for an entry. Not financial advice.
Bearish Storm Incoming: Will USOIL Collapse to $67?Key Observations
Current Strong High & Invalidation Point (70.34):
Marked as Wave 0 and serves as the critical level for invalidating any bearish outlook. If this level is breached, it may signal the continuation of the bullish trend.
Primary Distribution Structure:
The chart is showcasing Wyckoff Distribution with the following features:
Preliminary Supply (PSY): Initial reaction around 69.19 indicates buyers were overwhelmed.
Buying Climax (BC): A peak at the liquidity level (approx. 70.34), marking the point of institutional distribution.
Automatic Reaction (AR): Subsequent pullback leading to the initial range.
Liquidity Traps:
Inducement: Highlighted above the fake breakout line around 69.35, trapping retail traders who anticipated a breakout higher.
Liquidity Pool: Formation of equal lows near 68.00 suggests stops are building, acting as a magnet for price.
Supply Zones and Key Areas:
Bearish Order Block (OB): Around 69.35, which aligns with the Point of Control (POC) on the Volume Profile. This zone may act as a resistance for price action.
Support Line - AR Distribution: Near 68.88, which aligns with the low-volume node on the profile, indicating minimal institutional activity in this zone.
Projected Elliott Wave Count:
Current count suggests we are heading into Wave 5 of the bearish cycle.
Wave 3: Shows impulsive price action, which broke through liquidity.
Wave 4: Retracement has hit resistance within the supply zone.
Wave 5 Targets: Potential targets are around 67.42-66.91, which aligns with historical liquidity levels.
Creek Formation:
The Creek Line indicates minimal resistance in the current path, where a low-resistance liquidity run (LRLR) may accelerate momentum to the downside.
Volume Profile Insight:
The Point of Control (POC) resides at 69.22, suggesting that most transactions have occurred here. This level aligns with the AR zone, which could act as a decisive battleground.
Potential Scenarios
Bearish Scenario (Primary):
Price fails to sustain above the Bearish OB (69.35) and breaks below the AR line at 68.88.
Wave 5 completes at the liquidity pool levels between 67.42-66.91.
Bullish Scenario (Alternate):
A sharp breakout above the invalid point (70.34) confirms the strength of the buyers and invalidates Wave 5 projections. This would signal a transition from distribution to an accumulation phase.
MSTR ELIOT to $619.10 in ASTRONOMICAL SHORT SQUEEZE+CONTINUATIONPlease let me know if you have any questions from what I have in the chart! Like, comment, subscribe!
I am the Stock Wrangler.
NASDAQ:MSTR
BITCOIN M15 POSSIBLE STRUCTUREBULLISH OUTLOOK :
btc expected to rise today and tomorrow till 103828
TECHNICAL ANALYSIS :
today's forecast for btc is looking bearish ! the current price is at $$98960 and in my idea we expected to rise at $103828 is by tomorrow , which is around 5.7% gain .
SNR :
key support levels for btc are at $97107.109 ,while the resistance level is at $99508.108
TRADING STRATEGY :
according our analysis , we recommend you a long position in btc , tatgeting a move towards $103828 always manage your capital wisely.
5 risk reward ratiolong sui on 15min
good risk reward
not financial advice
only 1 percent
just for fun analysis. DYOR
CELR USDTBullish Divergence on the weekly. Above 0.02 movement gets gradually easier until we get to 0.04
USDJPYThe currency will continue to break higher highs, however from this Friday (22 Nov 24) prices may drop to a level marked on the chats. prices are expected bounce back until the hit the current USDJPY highest price level. Buyers are advices to hold and sit back wait until prices play out like how it is mentioned above. sellers, especially Short term sellers, scalpers, can execute short positions and take maximum desired profits. however Risk management should be implemented.
Trading is risky, you may lose all your capital, therefore Trade responsibly, and apply Proper risk management.
-Mash Fx
Just shorting, you don't have to follow it. Shorting GBPAUD – 196 Pips Target
I'm currently shorting GBPAUD, targeting a 196-pip move to the downside. The market is showing strong signs of bearish momentum, and with technical indicators aligning, this trade looks poised for a solid move lower. Stay tuned as we aim for this profitable drop!
Solid Shoutout to G-RON for the TrendCloud Indicator!
Peace Out!
$DOGE Slow Rise for the Patient TraderComing fresh off a Bull Flag Breakout DOGE has held strong and seems to be creeping upward. I am in from .010 and already up big. I will contue to hold fast for the forseeable future. Short term goals. .044 and next stop .078 I will post updated charts as she moves along at a snail pace.
Bitcoin vs GOLD 1980 blowoff 95 % matchup look for pullbackThe chart posted is for FORM ONLY . The pattern is rather Clear from an Elliot Wave we started wave 5 from 50k and we are nearing the top of 5 of 3 of 5 of 5. I think as I have said this top is from 94 k to 104 I maintain this view . I will post the SPIRALS for the TOP Soon it take all day to do the math .BTW best of trades Wavertimer
S&P will grab downside liq. and rally higher, risk 1-3 %we see a downside imbalance and liq sitting at the lows where i put the line as you can see, on a daily we are bullish so we are looking for buys, as well, the buy zone is likely where the price reacts so that would be an extra confluence for us to take a trade. This is a rough analysis we clearly have to see how the market will move as the us session open at 15:30 ( german time ).
EUR/USD Breaks 2023 LowEUR/USD Breaks 2023 Low
Today’s PMI figures were released and came in worse than analysts’ expectations. The Flash Manufacturing PMI and Flash Services PMI for both Germany and France fell below the 50.0 threshold, indicating that Europe’s economy is slowing down.
This weakened the euro further and exacerbated the situation on the EUR/USD chart, which has been in a downtrend since early October (as indicated by the red channel):
→ Earlier, support near the 1.0800 level (drawn through the spring-summer lows) was breached.
→ Today, the pair fell below the psychological level of 1.0500 and beneath the 2023 low.
Bears appear to be in control, with EUR/USD trading near the lower boundary of the channel. Arrows on the chart highlight that both the channel median and the 1.0500 level are acting as resistance.
On the other hand, bulls might find hope in the long lower shadow on today’s candle, which could signal emerging demand capable of providing support for the weakened euro.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WTI / US Oil Spot Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
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EUR/USD LONG: Completion of A-B-C structure soonBased on Elliott Wave Structure, I believe we are seeing the ending of wave C down move for EUR/USD. C wave itself is now on a 5th sub-wave.
USDCHF 22 Nov. 2024Hellllllo my friends
WoW !
Dollar franc can be a great buy opportunity and I personally don't want to miss it !
3R Short TradeI am expecting at least a small sell-off as it has just fallen shy of the $100k psychological level which could easily drive a panic selling cascade.
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Bitcoin trend analysis todayThe color levels are very accurate levels of support and resistance in different time frames.
A strong move requires a correction to major support and we have to wait for their reaction in these areas.
If the BTC chart does not react to close levels 102000, this analysis will be invalid.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
