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BTC - H1/M15 - SIDEWAYS PRICE ACTION...H1 : In a sideways, slightly downside price action. Clouds are acting as a resistance zone to break. 2 upside breakout failures so far. On the downside, a clouds support breakout would directly put the focus on the 47000 area (yesterday's former intraday low !), ahead of the double bottom area around 45000. M15 : Sideways price action. Watch clouds support zone. A downside breakout would put the focus on former low of 48050 ahead of 47000 as mentioned in H1
BITSTAMP:BTCUSD
by Ironman8848
2
EURJPY - Short Position - 2nd Leg Lower?Hello all I have been watching the Yen Pairs for a few weeks and after catching the first break out lower, it has now retested the dynamic resistance line where price has been steadily climbing higher the past few weeks. I'm now in a short position looking for price to head back down to the Monthly Pivot Point I think the recent break out higher in the stock markets are a stop hunt and I expect them to turn lower in the coming weeks Reason for entering is Reached Dynamic Resistance On the Weekly R2 Pivot It could head higher to the Monthly R1 first as that would be nearer the 61.8% Fib retrace Price action in that the bears had far more control in the previous few days and the bullish candles are very small in comparison. Cheers Duncan
Short
by DividendDuncan
XRP Declining Volume| Bearish Volatility Expansion| Impulse SellPoints to consider, Now Conferring XRPUSDT’s Daily Chart, price action has confirmed a strong bearish volatility expansion with clear impulse selling. This has shifted the market structure significantly with a clear low being established. On a technically note, any rallies are to be sold into as the market structure is bearish. The immediate volume profile is declining; currently trading below average with no influxes shows weakness. Any conventions of the Daily and Weekly S/R levels are considered bearish retests until proven. Price action unlike, many other coins, is establishing consecutive lower lows. Maintain this structure with declining volume will greatly increase the probability of a bearish retest before continuation. XRP/ USDT Daily RSI Holistically observing the Daily RSI, a clear oscillation is occurring at the bearish control zone. This again is another tail sign of a further downside being probable as oversold conditions have not been met. The momentum is clearly stored with the bearish, a break and change in market structure will be a tail sing of short term reversal.
Short
by CoinGape
Banknifty Shorting Opportunity [21st Jan 2021]Shorting opportunity in Banknifty future if it opens below 32490 with a Stop Loss @ 32620. In case, if Banknifty opens above 32620 and hold for some time then please avoid the setup. Tomorrow morning look for any rejection candlestick patterns like Bearish Engulfing, Hammer, Shooting Star or any other. 1st Target: 32380-32390 2nd Target: 32240-32260 3rd Target: 32125-32140 4th Target: 32040-32060 In case Banknifty breaks 32000 level, then 31500 might be tested. However, 32000 acts as strong support zone. So, better trade cautiously Happy Trading!!
NSE:BANKNIFTYShort
by AkmeAnalytics