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BTC Local range scalps If the bitcoin price can retrace down to the golden pocket that is sitting just outside of the value area low of the range and market cipher is showing some mid time frame (20-30min) momentum divergence' with lower timeframes showing money flow coming up toward the 0 line and momentum divergence, then it it likely to bounce back into the value area making it more likely price will get a move up back to the top of the value area where there is a well respected Fibonacci level and price could start to print a very broken down anchor and trigger wave (would look more like an anchor and trigger higher timeframes) that could bring price down for a lower low or obviously it could just continue to range.
by scottmcscran
CME close as minor S/R levels.Not a great deal of excitement to be had from bitcoin lately. However here's a recurring pattern i have been observing lately since we've been stuck in so many tight ranges. Quite simply the horizontal lines here correspond to recent CME weekly close prices. The whole gap filling thing is well known so i won't go into that but what is more interesting is how many times these lines have provided minor supports and resistances when viewed in shorter time frames. Last week's close level has provided us 6 small bounces since tuesday, perhaps more if we zoom into even lower timeframes from last weekend. This is not an isolated case either. Obviously this is mainly of interest for scalping while the market is so tightly bound but it's useful to note that some like the 18th and 25th Nov closes lower down have also given us so larger bounces. To clarify the price i'm using is the actual weekly close from the CME futures regardless of any divergence it has from the spot price at that same time. Initially i was just looking at them for gap fill targets but it seems they continue to be useful even after that. Worth taking the time to explore this while the market is sideways. I expect this idea will become obsolete whenever btc starts to show signs of a trending direction, either up or down. Of course, we may be waiting some for that to happen.
COINBASE:BTCUSD
by mutantdog
Ocean Protocol - 2 scenarios Currently looking for longs on $OCEAN Scenario A - retest breakout level and diag in yellow (618 fib) and invalid on a loss of diag and upper yellow - target range eq for ~10% and target supply/resistance in red zone above and final target at range high Scenario B - we lose the diag and hold lower yellow area atop HTF demand (red line making this trade specifically invalid) - same targets Both scenarios could get front-ran, but I am not willing to enter a trade here as if it continues to push with shallow retracements I don't like the risk R/R and no clear invalidation. Laddering my TP's 50% -> 40% -> 10% or something similar depending on PA at the time.
OLong
by cryptovatsik
3
FILECOIN the last chance (bottom) and the range market Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more gain 🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
11
GRTUSDT Range Low| Equal Lows, Price Action| Trend Evening Traders, Today’s analysis – GRTUSDT – trading below an important resistance, a rejection is likely at the current moment in time, Points to consider, - HTF Range Low Resistance - Equal lows still present - Lower Resting Liquidity - Volume Influxes GRTUSDT’s immediate price action is trading at a key resistance zone where a rejection will confirm a bearish retest. The lower resting liquidity remains intact; this gives price action merit to trade lower. Current volume influxes are present however not significant, hinting towards weakness. Price action is likely to trade lower imo, invalidation is a close back into the range, this will be a clear bias switch. Hope this analysis helps, Thank you for following my work And remember, “Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.” ― Yvan Byeajee
Short
by AzizKhanZamani
8
ICICIGI - ACCUMULATION OR DISTRIBUTION?NSE:ICICIGI ICICIGI formed a good trading range. its been consolidating for 25 days now with a total volume of 10.5 Million shares. Big players are getting it ready for a big move as they are slowly building positions in the stock. I will watch for a breakout to the one side with above-average volume. #Breakout levels are marked on chart Use position sizing according to your stop loss level. Like this idea if you find it helpful and please share it with your friends. Keep learning, Happy trading. Thank you.
NSE:ICICIGI
by SANJAYPATIDAR_