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Pullback

KCSUSDT is ready for the monthly pullback?the price tested the demand zone on 10$ and get the new liquidity. Now the price is testing the resistance on 12.5$ after the breakdown from the ascending channel (weekly) How to approach? IF the price is going to have a breakout from it, and retest the 12.5$ as new support, we could see a new pullback until the monthly level at 15$, According to Plancton's strategy, we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
EURUSD sell zoneLast week we talked about a move up to 1,0660 We expect to see a continuation of this move. However, it's important to make sure that we know what's going on on the higher timeframes as well. We already have a sell zone on H4. That means, once we see price entering the zone we will be looking for a possible reversal and entries to the downside. All buys should be closed once the market enters the sell zone and especially after we see some reversal candles as well.
by ForexTrendline
13
The pullback on EURUSD will continue to 1,0660In the beginning of the week we talked about the potential pullbacks on the major pairs. Yesterday those pullbacks happened and we can now say where it will possibly end. EURUSD is trading in a clear downtrend on the H4 and Daily timeframes. But a part of this trend is a deeper retracement. Exactly what we see right now. That indicates for a push up to 1,0660 and maybe even higher before the next drop and price eventually breaking below the low at 1,0350. We don't trade the pullbacks meaning we're not looking to buy but instead, we would rather wait for another selling opportunity.
by ForexTrendline
25
SOLUSDT wants the 0.618 Fibonacci levelThe price had a bearish impulse until the 37$ where the market has the daily support. As you can see, the market created a candle with big spike, it means the new liquidity, for that reason if the price is going to flip the supply zone on 59$ we could see a pullback until 72$. How to approach? The price needs to flip the 58$ and retest it as new support. If the price is going to gain the momentum we could see a pullback until the 0.618 Fibonacci level. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
$APE is on a pullback. Get in for a 23% gain On my 4hrchart, $APE has moved into a pullback pattern breaking my 9 period #MovingAverage and poking a small rejection THROUGH a 36 period average. It's my impression this will move to tye 50 period and test it a couple times. Using your #RSI you can see the reactivity. If you set your RSI MA at either 7, 9, or 13, you can use it ans a #supertrend. Each time a green #Hiken-Ashi closes ABOVE the RSI that is an indication to stay in the trade. This particular move started as a series of green candles were interrupted by a red tiny pin. Then switched back to green. This was simply a pause in tye move. My #Support and #resistance levels show the lower #wick of this pin extended beyond the lower part of the support #zone. Once the jext candle closed #Bullish it solidified the move up for a #pullback and the red candle basically gave you a new #Low to you. At this point you can 1. enter the next candle 2. Set your stoploss just below that pin-low 3. Set your #reward as a 2:1 This short move on a 4 hour #chart is still about a 20% gain on price. I think it is. I cant remember specifically because that's on another screen but either way, if you're buying at least 3 shares, it's a good move.
Long
by CoffeeshopCrypto
2
BTCUSDT ready for the pullback?The price is testing the monthly support where the price has a confluence as you can see on the daily timeframe. On the 4h timeframe the price could get new liquidity in order to create a new pullback if the price is going to have a clear breakout from 33k. How to approach? If the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
20
LINKUSDT The Importance of 0.886 and 0.146 Fibonacci RatiosWhy 14.6% (.146) and 88.6% (.886) are important levels on Fibonacci retracement? The 14.6 Fibonacci ratio, wich has a high mean of assertivity, is mirroned by 88.6, which has become an important entry level and stop loss in the market. 88.6 = 1 - X, X = 14.6. These are hidden levels on the standard scale. But you can add them manually. As you can see on chart, my fave way to use the Fibonacci Retracement is setting the .50 level at the pivot point** that precedes a pullback, i.e. the lowest low of the first downtrend. The price generally tends to retrace at least to the 0.707* level, which is another hidden level. The most common case in the crypto market, according to my experiences, is the price going into the zone between 0.886 and 0.786. In many cases touching 88.6, which can be considered a conservative point for a stop loss. If the price does not retrace from this zone, then a potential trend reversal can be considered. I have considered the range between 88.6 and 78.6 to be a 'short zone', that is, a zone where I usually wait for a reversive price action, or you could say a potential reversal zone. When price follows the trend after retracing then I consider 14.6% as my potential target. Means that tendence continues. This complete zig zag movement is what we call a swing, upward or downward. *0.707 (70.7%) is the square root of 0.5 Fibonacci ratio, wich is a ratio between 1 and 2. **Pivot points (some call them "swing points") are those areas where important short term reversals take place. Okay, let's see what happens during this trade. Thanks for your attention.
Education
by firmestudio
1
BTC pullback to 39kBTC has hit expected resistance around 47k from the PoC of the volume profile of the drawdown since the ATH to the Jan. 24 low of 33k. If BTC breaks the recent retest of the 55D HMA it will increase the probability of at least retesting 39k. The BBWP indicator below confirmed the end of the recent uptrend, suggesting BTC will at least consolidate for a while I have doubt that we'll revisit sub 39k in one candle given how long BTC's bearish sentiment has been since the ATH. But if we do break down 39k, these are the support levels to look out for: 33k-35k, 30k, 27k, and 23k. I have my EW targets set there as I believe the range is a bearish triangle pattern ending on the 47k PoC. Nonetheless, it is a bit worrisome to see coins distributed recently from whales. Short trade: Entry:45.8k SL: 49k TP:39K Support and Resistance Levels are noted on the chart. Green levels are support, and red is resistance. All other colors are areas of interest that could signify a major price reaction.
BITFINEX:BTCUSDShort
by linebands