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BTC - Range Getting Narrower! UPDATEHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been ranging for a couple of weeks now between the upper blue zone 22500 and lower green zone 18000. Lately, BTC is getting stuck inside a narrower range, inside the red trendlines . So from a short-term perspective, as BTC approaches the upper red trendline, we will be looking for sell setups, and as it approaches the lower red trendline, we will be looking for buy setups. In short, we will be trading the range. Until eventually it would be broken upward or downward. UPDATE: Now BTC is approaching the upper red trendline, so let's see if the bulls will be strong enough to break it upward. In this case we want an H4 candle close above it. Or the bears will reject it and trade lower. In this case, we want a short-term bearish reversal setup to form and get activated on lower timeframes. If we break above the 20500, then a short-term bullish movement till the 22500 in blue would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
28
BTC - Range Getting Narrower!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been ranging for a couple of weeks now between the upper blue zone 22500 and lower green zone 18000. Lately, BTC is getting stuck inside a narrower range, inside the red trendlines. So from a short-term perspective, as BTC approaches the upper red trendline, we will be looking for sell setups, and as it approaches the lower red trendline, we will be looking for buy setups. In short, we will be trading the range. Until eventually it would be broken upward or downward. If we break below the 18k, then further long-term bearish impulse would be expected. If we break above the 20500, then a short-term bullish movement till the 22500 in blue would be expected. By break, I mean a momentum candle close from H4 or Daily. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
25
JICPT| USDCNH on the way to test 7.2Hello everyone. My latest published idea with the title of USDCNH is likely to test 7.01, is absolutely right. Now the upper boundary of the range(7.01) has been conquered. What's next? On the fundamental side, CNH is expected to be weaken due to the loose monetary policy to support the economy. I think China and Japan are the two major powers in the world keep or lower the interest rate. China's CPI is 2.5%, well below that of US. Also, China's export is losing its momentum. so the weaker CNH will help to maintain its competitive in the market place. However, China aims to make Renminbi the next global currency. So, CNH(offshore Renminbi) is required to be stable to attract foreign investors. So the question is where is the possible level government would step in? I guess 7.2 is the key level we need to focus on. The level is the previous high created during the pandemic back in 2020. On the technical side, the range works until it's been firmly penetrated. The upper boundary of the new range is coincided to be 7.2. Let's see how it approach the key level. What do you think? Give me a like if you're with me.
Long
by JICPT
2
$HUM, $XLV, Healthcare sector worth watching nowIf you have been invested in healthcare stocks or ETF's you may want to take profits between now and the end of October. I am keeping an eye on this chart for some good trades. It is a low volume stock with very low options volume, so be very selective with your entry time/place and your option price. Daily trading ranges can be large or small, so give extra consideration to time frame and holding time in your trade plan. Please note on the chart: * Linear regression channel shown from 2019 * Yellow dashed lines showing 370-470 trading range * Light yellow rectangle shows two-year range which was recently broken higher * White line (channel center) regularly acts as support or resistance, price is wavering along this line * RSI only had one instance of going over 67 (white oval) or under 33 since 2019, and that resulted in sharp reversal, for now it is moving lower * Stochastic %D has completed three peaks since dipping below 30 and is now turning down Price was weak on Monday and closed lower, but still in its recent range (sideway. I am looking at a few possibilities for trades: * If the market rallies this week HUM may stay under the white line and selloff down to 457, 435 * If the anticipated October leg down occurs, then price may move up to analysts' 550 price target (also top of channel) * Price has been sideways for two weeks, so it should move higher/lower soon
NYSE:HUM
by OptionsRising
4
ABG long trade - horizontal rangeTechnical: ✅ reached and respected horizontal support ✅ consistent pattern since Feb. 22 ⛔️ CTL not broken yet - could wait for break before entering ✅ Earnings (higher volatility) in about a month - previous bounces reached upper resistance in under 30 days, so should be out of the trade before Earnings announcement on Oct. 27 Market factors: ⛔️✅ Car Retailer - could go lower with current market outlook ⛔️✅ Market could be volatile/bearish today after the FED's interest rate announcement - could wait another day or 2 before placing the trade Setup NYSE:ABG 1D chart 1% fluff SL under low of range TP on horizontal resistance R/R >3:1
NYSE:ABGLong
by tradeisela
GBPAUD - potential setupsFX_IDC:GBPAUD Hello everyone! 🛎 Let check the trading idea for GBPAUD 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. Short positions to activate. 🔴 ---------------------------------------------------------------------------------------------------------------------------- ⚠️ Important Notes: 1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️ 2. Timeframes: up to H4 ---------------------------------------------------------------------------------------------------------------------------- 😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝 💪 Profitable lock for everyone! 🙏
by Solidity_best_options
4
Bitcoin range play: upside potentialWe see on the daily chart that support at the June-July range low, 18.8k, (which is also the 2017 high) is very strong. The candle is very bullish and is accompanied by powerful volume. Further downside at this point seems much less probable than more upside. Therefore, my analysis concludes we will be continuing the range upwards now. 21.6 seems the obvious next level and a *safe* TP point. 22.3 is more of a high-conviction play and not improbable, but in these environments I think safe plays are not a bad thing. Once we get to those price-levels, which is to say: the top of the June-July range, it will be easier to evaluate whether we will be rejected again to continue the June-July range downwards, or whether we will push through to 24.4. I still believe 28k may be on the charts for a bear-market rally local top, and it would be the perfect bulltrap. But first things first. Aggressive profit taking is always recommended in these environments. Hope it helps, and enjoy your day/night!
by mapav
1
Chainlink: Partial Decline With Hidden Bullish DivergenceLink several weeks back bearishly reversed at the top of the local range which lined up with the PCZ of a Bearish Bat and the target i had set for it was the 50-61.8% Retracement because there was a higher probability that Chainlink would reverse Bullishly there to begin to attempt a Partial-Decline. We've since begun to reverse at that level and are showing Hidden Bullish Divergence on both the MACD and RSI. One would be lead to believe that this is the start. However as of right now it's unconfirmed until it touches the top of the range again; But we have enough info here to try to front-run the test of the range top and get a better entry today.
COINBASE:LINKUSDLong
by RizeSenpai
BTCUSD: Bullish Cypher at Weekly Support Congestion ZoneBTC leading to the Fed SPeaking in the 21st may see a rally from the Support Zone it's been trading within. It formed this Bullish Cypher/Shark on the Daily and rallied about 61.8% of the way before failing and pulling back down again. This sorta action is very dangerous as it makes me think it could be a Bearish 5-0 that could lead to us making a lower low and if we do that we will likely come back down to atleast the 786 retrace below at 17.8k. But as of right now the move down to PCZ of this Harmonic has been fast and on above average volume with a wide spread so i believe that we have a high chance of recovering the bearish price action and trading back to the top of the range as the new trading week begins, and if we break above the range we could see a secondary target of $26.5k
COINBASE:BTCUSDLong
by RizeSenpai
EURCAD Will BULLS Finally Break Resistance?Welcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
9
How RobinhoodFx visualizes chartsIn this NZDCAD chart we illustrate why we look at range bars and why we highlight specific pip distances. When we approach trading, we like to set our trading to 400 pips per range and 100 pips per candle on the Weekly / Daily giving us the representation drawn. At this point we are looking at a trade that is at its -30% retracement or on the illustration we see that -30% is represented by a wick. If we see a reversal, price will trend higher towards 0% reestablishing itself back into the body of the candle from this point we will look for a 50% retracement in price. If we continue to see price trade below -30% that means that price is already trading into the next 400 pip and 100 pip range being -30% or 70% into the next 100 pip range this is an overall bearish sentiment in price. In explaining this trading process we are looking to see a recovery and overall commit to a bullish bias on the trade.
Long
by RobinhoodFX
Range bound EURJPYIn our Q/M 250 pip view we are looking for the EURJPY pair to remain in a bullish range or an efficient market with a bullish bias. Being that we are looking at an efficient market we understand that we only get involved at range lows. Robin Hood Trading Community: Our play is to buy at the lows with nano lots 100 lots 0.001. We are looking to accumulate positions for a inefficient move higher and protect ourselves from a large downside loss with correct risk management for our portfolio size.
Long
by RobinhoodFX