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Priceactiontrading

Alert: Bitcoin Bulls Nearing Breakdown,Is the 2023 Bull Run Ova?Alert! Bitcoin Bulls Nearing a Critical Breakdown - Could This Spell the End of the 2023 Bull Run? In my recent Bitcoin analysis, I explored the possibility of going long on BTC to the range of to 42k-- 46k range while maintaining a cautious bearish perspective. Despite the bulls successfully pushing the price to the specified range hitting 38k exactly but can they still attain 42k?, it's crucial to recognize the enduring control the bears wield over the broader monthly chart. The lack of a definitive signal indicating a break in the bearish trend raises valid concerns. Even though the bulls executed an impressive recovery bounce to 38k, forming a distinct bullish trend channel, the current analysis highlights a significant threat as the bears make their move. In the last few hours, the bears forcefully ousted the bulls from the established channel since the breakout from the 28k range. While the bulls swiftly retaliated to 37k, signs of vulnerability emerged as they faced rejection and slipped below the lower trend channel that had been a reliable support but this support was pierced but recovered back instantly ads bulls did their best but the worries comes if the bulls keeps sitting on this lower trendline without pushing up it only makes it weaker and liable to breakdown soon The immediate challenge facing the bulls is the need to regain entry into the channel and move up from it, with the lower trendline serving as their stronghold. Failing to stage a recovery this week within the channel could mark the end of the bulls' run in 2023, potentially sending them back to the initial stages of the channel at 30,400 down to the 29k range, where their journey began. The only hope for the bulls to avert this impending threat lies in reclaiming and conclusively closing today's candle within the trend channel, or ideally above 37k if they aspire to reach 42k. Falling short of meeting this criterion could lead to a catastrophic breakdown, with the potential target set at 30,400. The pressing question remains: Can the bulls regain control of the ship, or will they succumb to the lurking bears, orchestrating a counteroffensive to rewind the bulls to the inception of their journey? The market eagerly awaits the resolution of this critical scenario. the big question is can the bulls overcome this threat and still make it to 42 before a heavy beakdown occurs on Bitcoin? stay tuned as we will continue to update you. dont forget to like if you enjoyed this analysis.
BINANCE:BTCUSD.P
by MachiavelliTrader
2
GBPUSD Head & Shoulders OpportunityHi Traders! There is a pullback on the bullish momentum we have had over the past few days on GBPUSD, and there is a head-and-shoulders pattern on the 2H chart. Here are the details: The market is rapidly approaching the neckline, and there are opportunities for short entries to target a break below the neckline. The market has also broken below the 20 EMA, and a close below the 20 EMA will be an added confirmation signal. Preferred Direction: Sell Entry Level:1.27504 Stop Level:1.27806 Target Level: 1.26900 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
7
AUDUSD Near Its 6-Month HighHi Traders! AUDUSD is having a strong finish to end the year and is targeting the 6-month high at 0.68948. Here are the details: After the double top at 0.68948 six months ago, AUDUSD was in a bear market for two months and then went into a range zone for three months. Last month, the market finally broke the 0.65175 range zone resistance and has been in a bull market ever since. We have a bullish view on this pair also in our long-term idea, as on the 1W chart, there has been a triangle breakout above the resistance trendline. The strategy here is to buy the market dips to target the six-month high at 0.68948. Preferred Direction: Buy Target Level: 0.68948 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
Bearish Outlook on EURUSD ContinuesHi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are now looking for a break and a close below the 20 EMA for a confirmation signal. Preferred Direction: Sell Entry Level: 1.09612 Stop Level: 1.09986 Target Level: 1.08860 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
8
USDJPY: Your Trading Plan For Next Week Explained 🇺🇸🇯🇵 USDJPY is closed on a key horizontal daily support. The price formed an ascending triangle formation on that on a 4H. 142.47 is the neckline of the pattern. IF the price breaks and closes above that on a 4H, it will signify the strength of the buyers and highly probable bullish continuation. A bullish movement will be anticipated to 144.0 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
AUDUSD Yearly Trendline BrokenHi Traders! AUDUSD has broken its yearly trendline resistance as the bulls have taken over. Here are the details: The yearly trendline is now broken. Since the break and close above the 20 EMA, the price action has looked very bullish. Our plan is to buy the market dips by looking for an entry near the trendline resistance and an exit near the mid-year range resistance zone. Preferred Direction: Buy Entry Level: 0.66532 Stop Level: 0.65089 Target Level: 0.69418 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
USDJPY Trendline Break Re-TestHi Traders! USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks. Here are the details: The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly low. Preferred Direction: Sell Entry Level: 146.750 Stop Level: 148.598 Target Level: 142.862 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
AUDUSD Breakout Opportunity Hi Traders! AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924. Preferred Direction: Sell Entry Level: 0.65614 Stop Level: 0.65959 Target Level: 0.64924 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
BluetonaFX - GBPUSD Double Top OpportunityHi Traders! GBPUSD looks bearish. There is a double top forming on the chart, and there are opportunities for short entires. Here are the details: The market is holding below the swing high resistance at 1.27466. Preferred Direction: Sell Entry Level: 1.27069 Stop Level: 1.28375 Profit Level: 1.24325 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
Some Key Price Action concepts to know for Forex tradersIn the video I discuss some key price action concepts and how I use them for my Forex trading. Knowing these key concepts helps me get on the right side of the market and in the right trading zones nice and early. The basic concepts discussed are : - Anchors to trend - RTFs - ICTs - Spotting Reversals ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
by TradeTheStructure
GBPUSD | Perspective for the new week | Follow-upThe currency pair is currently consolidating just above the 1.2400 handle, grappling with recent consolidation highs. The Pound Sterling faces challenges in retaining gains made against the US Dollar (USD) last week. Experiencing a mid-week peak with a 2.25% gain against the USD, the GBP has since moderated to a more sustainable 1.65%. Despite a broader market risk bid amid speculations that the Federal Reserve (Fed) has concluded interest rate hikes, the GBPUSD remains stuck in the midrange due to underwhelming UK data. As we look ahead to next week, investor focus will shift to the release of the Fed's latest Meeting Minutes on Tuesday. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price breaks the $1.24000 zone ? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.24000 and $1.25000 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading!
by darcsherry
4