Place your bets on this Nasdaq 100 consolidationThe QQQ is the chart of the week heading into a very busy earnings week where many of the largest components will report numbers.
The spring is coiled and wound up and it's ripe for a breakout in either direction. One big continuation pattern in the direction of the YTD rally, or is this the top before the next leg down? Place your bets!
Range
NZDUSD: Daily Bullish Engulfing with Hidden Bullish DivergenceNZDUSD still looks like it would rather Break Bullishly out of this Range than Bearishly and right now it has Bullishly Engulfed on the Daily and has Continued to Build it's MACD Hidden Bullish Divergence; if we could gather enough energy to rally up to and break the Bullish Dragon Trigger Line, I not only think it would make the 0.886 retrace of the range but i also think it would have quite a good chance of breaking out fully from the range and going for new highs.
USDJPY short term ideaHere you see a short term idea on USDJPY based on our most recent shift in the market, now this idea is not our overall bias for this pair but an idea that could offer a short term trade.
of course if we break pas this area of supply shown we are watching the range to play us higher into the supply from our 8 hour swing, if we do play lower from the area shown then il be looking to take a low entry trade into some of our unmitigated price action below.
not holding my breath for this one but thought it was worth a share for any eagle eyed traders at market open.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
$LINK Accumulation Range
Crypto and a fave of mine, Chainlink .
$LINK has been in a range for almost a year. With crypto in general moving up in Q1 of this year this is one to watch.
There is a diagonal resistance from Aug 2020 on the horizon. Diagonals over a long period are ones to watch and a flip here could see buyers rush in.
This is probably a good place to accumulate but if you want to wait for a breakout to trade, you have two areas:
1. The flip of diagonal resistance
2. Breakout from the range top.
Link is definitely one to watch.
APEUSDT Ranging Looking at the chart, we can see a period of consolidation where the price has been trading within a certain range. During this time, there has been a high level of trading volume, which could suggest that larger market players are accumulating the asset.
To navigate this situation, it might be best to continue trading within the established range until there is a clear breakout to the upside. If the price does break above the local highs and this move is supported by significant volume, it could be a sign of a potential bullish trend reversal.
BITCOIN ($BTC) - Re-accumulation or Distribution? If this is in fact a re-accumulation range, we do not want the lows of current range to be broken.
Green liquidity zone would be a perfectly healthy correction - but it would lead me towards this current PA not being a form of re-accumulation, which does make a difference regarding where we are in the market cycle.
Vatsik
Bitcoin - Volatility is inbound Bitcoin
Scenario 1
- hold range eq
- reclaim higher quarter range
- breakout range high
- 33k
Scenario 2
- lose range eq (stop 1)
- lose range low (stop 2)
- drop to breakout origin at 24k
Volatility is coming - price is compressing on higher volume and tightening with every candle.
Violent move is inbound - place your bets!
vatsik
BTC 1H Range I find it very interesting just how well BTC can respect the quarterly lines of a range. You can spot certain price action patterns within the overall range but trading within the boundaries of the range can be very beneficial in a sideways environment that we find ourselves in.
When range quarters are hit and coincide with oversold indicator triggers they are great places to go long while we are stuck in this range between 26.5k & 29.2k
Indicators:
RSI
CM_Williams_Vix_Fix
✅NZD_JPY BEARISH BREAKOUT|SHORT🔥
✅NZD_JPY has formed
A parallel range beneath the
Horizontal resistance of 84.00
And we are now seeing a bearish
Breakout so while the pair
Might make a rebound back
Into the range the breakout
Has solidified our bearish bias
And I think that we are likely
To see a move down
SHORT🔥
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GMTUSDT possible breakout to the previous zone with further moveOn the 15-minute timeframe, the instrument shows a halt in the downward local trend, with high volumes at the lows indicating buyer interest. An attempt to set a new low was unsuccessful as the price returned to the old range, gathering liquidity at the previous lows, resulting in multiple touches on the long breakout. The price is now trading below it, creating an entry opportunity for a long position.
We expect an impulse breakout by triggering stop orders above the highs to remove the liquidity
✅BITCOIN RISKY SHORT FROM RESISTANCE🔥
✅BITCOIN is trading in a
Parallel range between the
Support and resistance levels
And is now making a pullback
From the resistance of the range
At 29,000$ so we are expecting
A move down to retest the
Support at 27,000$ however,
The coin is in the uptrend so
Any short trade is a counter-trend
One an is therefore inherently risky
Hence the title of the idea
SHORT🔥
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BITCOIN Short Inside The Range! Sell!
Hello,Traders!
BITCOIN is trading in an
Uptrend but the coin is now
Stuck inside the parallel
Range so before the breakout
We can play the price off of
The range support and resistance
At 26,770 and 29,000 respectively
And as the coin is about to retest
The resistance again
A move down is likely
Sell!
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Check out other forecasts below too!
BTC - Now We Wait ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on H4: Left Chart
BTC has been stuck inside a range in gray for a whole week.
For the bulls to remain in control medium-term, we need an H4 candle close above the upper gray area 28,700
In this case, a movement till the 30k - 32k resistance would be expected.
📉 On the other hand , if we break below the lower gray zone 26,700 then we will expect a bearish correction to start till around 25,000 support / demand.
📌 on M30: Right Chart
Here is a cleaner view for the price movement inside the H4 range.
Previously, BTC rejected the lower bound of the range, and the bulls took over by breaking above the last M30 high in blue.
Now, we are sitting around the upper bound of the range, and for the bears to take over short-term, we need a break below the last M30 low in red.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC Ranging and Planning TradesWe are back to the time where I like to set up for some trades. Some of my favorite trading comes when BTC defines a stable range like it has, this involves being patient to allow BTC to sweep high and low liquidity of the range. But once that range forms and has time to develop, the likelihood of the next move out of the range being a confirmed breakout increases. And we are now at that point where I am reasonably confident that when BTC moves out of this range, it will likely be the confirmed breakout and not a swing failure.
So what I am doing at this time is preparing for the altcoin trades that I want to take. I will only enter these when BTC breaks out of the range because I prefer not to get caught up in the noise of trading within the range. So the key here is to time the altcoin entries well so that the altcoin is breaking out of its respective pattern at the same time that BTC is breaking out of its range.
This is not a complete list, but here are a few ranging altcoins that I am watching:
ETH
BAT
PEOPLE
AVAX