GBPUSD local shortWe have a low risk entry with high-probability small target as current action-reaction set turned to be horizontal located where sellers are
Pitchforks
Slopped line for long ETHCurrent steep action-reaction set has several good bounces as confirmations. I'm going to long from fat blue trend line with targets on orange line
BTC short of mid-scoped median lineWe have made new local low, so the slope of active action-reaction set is chosen a little more more aggressively. He have tested our action line and retested it - price is bouncing so we are entering position with tight stop and good RR
Textbook c-fork breakout, 50ma reclaimYou can see that the price found support on range low, broke the c-fork trendline, reclaimed 50DMA. I think this will run from now on.
ETH re-long from action lineThe slope of up-sloping action-reaction set has changed. We are retrying to enter long after previously being washed, now the slope has more confirmations. RR is 1:3.25, but entry limit order should be continuously moving up while time goes by and up-slopping line is taking price higher
ETH long from a small scope median lineWe have small scope action-reaction line set, and we are above important line. So we have a low risk entry with RR = 1:4
ETHUSD short of an action lineLast swing low of local uptrend movement is broken. We have a strong downward impulse.
Here is a low-risk entry from action line of current down slopping action-reaction set.
With stop placed behind recent swing high we have RR = 1:3
ETHUSD long of Action line while price is swinging upHere is a nice slope for long entries found on ETHUSD. For current Action-Reaction set we have median line waiting for nice "wash and rinse" off last 2 points of up-stepping buyers. These last 2 bounces is a nice bait to attract small buyers and collect their stops after that.
Bitcoin short action lineBitcoin continues swinging down with not soo steep slope. There's a high probability of another bounce from the area of action line (marked blue) that corresponds to upper down sloping range edge
Short of action line to the middle of buyersPrice is swinging down. We have down sloping action line aka median line. At least minor correction is expected in "free flow" area at least till nearest strong level where buyers are expected to step in
Moving towards 120,000If the median line backtest holds, the possibility of a rise to 120,000 is high.
NAS100 morning technical analysisTechnical analysis for NAS100.
Very neat how this wedge defines price since 5 August low. Besides the proposed wave (5) up, it has framed and (therefore) provided both support and resistance for price.
The wedge will reach its apex soon, so one side or the other will have to prevail. Failure of price to tag median (red line) of pitchfork suggest return of price to 18297.4 at some point.
USDJPY.. Potential LongM - Up
W - Up
D - Up but in Correction
4H - Correction but above 4H demand zone
1H - Triangle
Bit risky but if validated, it will have a good Risk & Reward ratio.
PS: I always set 0.5% to 1% risk per trade.
BITCOIN short after bounce from two strong slopped linesWe have strong bearish context after 100k was almost met on falling volume.
Now we have strong confirmation when price bounced from 3rd waring line of a downsloping Pitchfork and in the same time zoomed and retested Reaction line from upsloping Action-Reaction set. These bounces were not 100% accurate but left a gap instead, that is even more bearish.
Stop is placed on major high (ATH). Not behind it - in order to avoid slippage.
We are targeting to the center of last major buyers accumulation
NAS100 morning analysisBullish count for NAS100.
This count sees price action from 5 August 2024 low as a leading diagonal ((1)), rather than an ending diagonal ((5)).
Wave ((2)) would be a zigzag, with c likely finishing between 19k-20k.
In this scenario, wave v would likely top out near 30k.
NAS100 afternoon updateBearish case for NAS100.
From ATH of 21247.5, proposed impulse wave down (red ellipse) and corrective wave up (green ellipse).
Price action in the context of proposed ending diagonal wave ((5)) (wedge) and failure of price to tag median line (red line) of pitchfork. Bottom of wedge has held as support for price in proposed wave (2) (red ellipse).
If count is correct, first sign would be impulsive price action (wave (3)) to break below wedge and head towards target of 18297.4.
If this is the market top, price will likely go much lower, back towards October 2022 lows.
Ethereum Longterm Price Prediction / 3500$ is the next stationBINANCE:ETHUSDT
COINBASE:ETHUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
3000$
3500$
3914$
🔴SL:
2024$
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
USDJPY.. Potential Long ?? whataya think?Daily - Up
4H - Correction (Down)
Higher chance to be supported on D pitchfork
Around 61.8% Fib Level on D timeframe
Around 4H demand zone
XRP Will Jump in Market Cap and Looks Bullish /Targets and PlansBINANCE:XRPUSDT
COINBASE:XRPUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 2x-3x Leverage
SL2 ---> Mid-risk status: 3x-4x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
According to the price trend in the previous alt rally, you can see that XRP and DOGE are at their lowest market value compared to the previous rally.
In the coming days, whenever the price of BTC is increasing or consolidating, while BTC.D starts a downward trend, we can expect the market's top tokens, especially XRP, to start jumping to ATH levels.
The price falling below the yellow area cancels the bullish scenario.
Potential price targets for the levels will be $0.88 and $1.2.
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone:
⚡️TP:
0.65
0.88
1.20
1.64
🔴SL:
00.2950
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
BTC in near FUTURE ! this is hagopian law and it says that btc will change it's direction from bearish to bulish in near future ! we can se ath soon!
