Get started

Range

BTCUSDT Active Range BreakoutThis is an active range breakout on BTCUSDT that i'm going to be trading. It may not work, but with higher TP then SL you can afford to have a lower percentage of profitable trades as the wins well outweigh the losses. As you can see the range has been broken with HIGH VOLUME CANDLES. This is what we were waiting for, not like the first break of range that didn't have the BIG CANDLE moves i'm looking for. I'm looking to TAKE PROFIT at the next large key RESISTANCE ZONE. It is a very large percentage so it's probability of hitting is low, but the potential reward far outweighs the risk. I can RISK MANAGE in several ways. I can move the STOP LOSS TO PROFIT once the trade has good gain to safely lock in. I can use MULTI TAKE PROFITS, to take profit several times before taking 100% of TRADE CAPITAL. What I like to do is use 25% of my portfolio but use higher leverage, so i effectively trade the same amount as 100% my portfolio whilst having 75% free to take OTHER TRADES. If you do this WATCH YOUR LIQUIDATION PRICE.
Long
by I3ig_Trades
BNX → The coin is stronger than the market. Bullish trendBINANCE:BNXUSDT looks quite strong relative to the entire cryptocurrency market, maintaining an already strong bullish trend. The price is forming a range and it is worth paying attention to its boundaries... The situation is complicated by panic, bitcoin is unstable and thus creates unnecessary volatility in the whole market. The ideal outcome would be to stop the market and reduce volatility or consolidate so that action can be taken. But in fact BNX looks stronger than the market and this is worth taking into consideration. The focus is on the strong 1.4252 - 1.2800 range. Because of the challenging technical environment, two scenarios are worth considering (but I like the resistance breakout the best) If the bulls hold 1.2800 and start gradually approaching 1.4252, we should expect a breakout with further upside to 1.75 range resistance or even higher in the long term. Support levels: 1.28, 1.1618 Resistance levels: 1.4252, 1.5161 However, if the bulls fail to hold 1.28 and the price breaks the support on the background of high market volatility, it may test 1.1618 - 1.0399 once again before further growth, as the uptrend is still in place Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT.P ;) Regards R. Linda!
Long
by RLinda
2
Euro can rebound up from buyer zone to 1.1190 pointsHello traders, I want share with you my opinion about Looking at the chart, we can see how the price hit the support level, broke through it, but then quickly turned around and dropped to the lower part of the range. After that, the EUR reversed and bounced back up to the 1.0960 level, broke it again, exiting the range, and then climbed to the resistance line. The price then reversed and made a correction move to the support line, after which it started to rise near this line to the current support level. When the Euro reached this level, it broke through and kept rising until it hit the resistance line, but not long ago it turned around and made a correction move to the buyer zone. Right now, the price is trading near this zone, and I think the EUR might drop to the buyer zone before rebounding up. So, that's why I set my TP at 1.1190 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
GBPUSD → False breakout of the range boundary FX:GBPUSD is testing wide range resistance in the distribution phase against the backdrop of the falling dollar. The market spent energy on strong growth and there is little chance of a breakout of 1.305, a correction or consolidation may follow. GBPUSD strengthens the bullish trend, but on its way meets strong resistance - the border of the range. Within the range, the price may form a correction to the nearest liquidity zones, such as 1.297, 1.294 or 0.5 fibo. Fundamentally, the dollar is declining amid the dovish stance of the Fed. The focus is on Friday's speech of Powell. The official's strong hints may intensify currency movements and volatility in the market. Support levels: 1.297, 1.294, 1.292 Resistance levels: 1.3044 Technically, a reversal follows after a strong rise and a false breakdown. The range boundaries are still in place and continue to hold the price Regards R. Linda!
Short
by RLinda
4
BTCUSDT.P Range Preparing For BreakoutBased on technical analysis of the candlestick charts, I believe that BTCUSDT is in a range period, where it's continued to fluctuate around 56-62K for weeks. It's accumulating liquidity to produce a large breakout move. The key to mastering this move is watching and waiting to see big volume candles either breaking out of support or resistance, then tailoring your entry based on the outcome of the move. It is definitely NOT advisable to trade during this range, always look for a big volume candle('s) before entering any trade, otherwise you're entering in the dark. ALWAYS HAVE AN EXIT PLAN before you enter a trade, whether it's a SL or another tactic, risk management is super important.
by I3ig_Trades
4
Dollar could be trapped within huge consolidationMarket corrections are tricky and in this post you can see why. Dollar index weekly chart shows signs of large sideways consolidation (aka flat correction, range) after a strong drop marked with the orange down arrow 1. This consolidation passed halfway as we can see all first moves are completed. The first major yellow counter-move is done; it will be connected with the last yellow upmove through two white and two red counter-moves. Why corrections are tricky? Because they last longer than many think, usually longer than the preceding move. Currently, first legs took the same time as the whole first orange leg down, therefore it will take almost same amount of time furthermore. After completion, the second orange leg down could resume to hit $93 (orange leg 1 = orange leg 2) or even lower to retest the valley of Y2021 at 89.6
TVC:DXY
by aibek
Bitcoin can rebound up from support line of pennant to 65K pointHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago entered to range, where it at once reached a resistance level, which coincided with the seller zone and then rebounded down to the bottom part of range. After this movement, the price in a short time rose until to top part of the range, but soon turned around and started to decline inside the downward pennant. Later BTC quickly declined until to support level, which coincided with the buyer zone, thereby breaking the 68500 level and also exiting from range. Soon, the price broke the 57500 level too and dropped to the support line of the pennant, after which at once made a strong impulse up. After this movement, BTC broke the support level one more time and some time traded near this level. Next, it reached the resistance line of the pennant pattern, but not a long time ago fell back. At the moment, it trades near the support line of the pennant and I think that the price can make a small movement up first and then correct to the support line again. Next, Bitcoin will rebound up from this line, exit from the pennant, and continue to grow, therefore I set my TP at 65000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Gold can rebound from seller zone and continue to fall in rangeHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago reached the support level, which coincided with the support area and also entered to wedge, where at once rebounded from the resistance line to the support line. After this movement, the price started to grow from the support line and soon reached the resistance line of the wedge pattern again, but then it fell back. Then price broke one more time at the 2360 level and exited from the wedge, after which started to trades inside the range. In the range, gold quickly rose to the top part, which coincided with the resistance level and seller zone. Price even entered to this area, but at once turned around and dropped to the 2360 level, after which repeated movement up to the seller zone. Next, XAU turned around again and fell almost to support level, after which in a short time backed up, but a not long time ago rolled down from the seller zone. So, in my opinion, Gold can enter to seller zone one more time and then continue to decline inside range. For this reason, I set my TP at 2400 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
12/08/24 Weekly outlookLast weeks high: $62,761.55 Last weeks low: 49,017.27 Midpoint: $55,889.41 Quite the week in crypto just gone. From our first sub $50,000 BTC since mid February thanks to the JPY rate hike , a single day decline of -16% on Monday to then a strong recovery of +28%, a lot of volatility. The two peaks for the week coincide with the 4H 200EMA resistance level , which is a problem for the bulls as now that the final hours of Sunday trading dipped price below the 1D 200EMA , Bitcoin has a difficult week ahead to break back above those moving averages. A big news event week coming up could continue the high volatility we've seen in recent weeks: - US PPI 13th - US & UK CPI 14th - JPY & UK GDP 15th For this week I will be looking closely at the news events that could cause volatility and perhaps give a sign of trend direction going into the September FED rate cut .
by ProR35
3
Euro can leave pennant and continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to trades inside range and at once reached the top part, after which started to decline. The price quickly fell to the 1.0815 support level, which coincided with the buyer zone, and some time traded between this level. After this, the Euro dropped lower 1.0815 level, breaking it, and also exited from the range, after which the price entered to upward pennant. In this pattern, EUR at once made a strong upward impulse from the support line to the resistance level, breaking the 1.0815 support level one more time. Next, the price broke the 1.0930 level, which coincided with the seller zone, and rose until to resistance line of the pennant, after which turned around and in a short time declined lower than the 1.0930 level, breaking it again. After this, the EUR tried to rise back, but when it entered to seller zone, it made a correction movement to support line of the pennant pattern. But a few moments ago it rebounded from this line and at the moment EUR trades near the resistance line. So, I think that the price can fall to the support line, after which bounces up to the resistance line and then continues to decline, exiting from the upward pennant as well. Therefore I set my TP at 1.0850 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
Bitcoin can exit from pennant and continue to grow to 63K pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time traded in the range, where it fell to the resistance level, which coincided with the seller zone, and then rebounded up to the top part of the range. Then BTC turned around and dropped lower than the 66700 level, breaking it and some time traded in the seller zone. Later price continued to decline inside the downward pennant, and fell until to the 55000 support level, which coincided with the buyer zone and even broke this level. Next, BTC fell to the support line of the pennant, turned around, and in a short time rose to the 55000 level, broke it again, and continued to grow. But a not long time ago it made a correction to the support line of the pennant and then rebounded up to almost the resistance line, where at the moment continues to trades near. In my opinion, Bitcoin can make small movement down and then rebound up, higher than the resistance line, exiting from the pennant pattern. For this case, I set my TP at 63000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Believe it or not, Bitcoin is still in the gameDespite Bitcoin showing a bear market in recent days, it remains within a range and fluctuating within a demand zone. Our point of interest is still very high, but still valid for the price to take a break before the jump. if you can look the general structure, we can see that where I marked the green circle, there is a lot of buying pressure. This is also an area of interest that I had marked as a potential rebound point. We will see what happens in the coming days. Thank you for your support. -Mike
COINBASE:BTCUSDLong
by RocketMike111
Bitcoin can continue to decline inside downward channel to $58KHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price entered to the range, where it soon reached the 68300 resistance level, which coincided with the seller zone with the top part of the range and then started to decline. In a short time, the price fell to the bottom part of the range, which coincided with the current resistance level, and at once turned around and quickly rose to the 68300 level. Then BTC exited from range and even rose a little higher than the 68300 level, but soon made a correction below, after which in a short time rose back. Next, the price turned around and started to decline inside the downward channel, where firstly it broke the 68300 level and later declined to the 64000 level. Soon, BTC broke this level too and fell to the support line of the channel, but a not long time ago it rebounded and started to grow. So, in my opinion, BTC can make a small movement up and then continue to decline inside the downward channel. For this case, I set my TP at 58000 points, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
TONUSDT. Looking for sales opportunityHi traders and investors! It might be time to open short positions on TON. Daily Timeframe Analysis On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777. Hourly Timeframe Analysis On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far. Selling Strategy It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe). Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.
Short
by AlexeyWolf
Bitcoin Testing and Testing Demand ZoneBitcoin is once again seeking to fall into our equilibrium zone (purple zone). Bitcoin has tested this zone several times, and if we look at the overall structure, Bitcoin continues to bounce within a range. Our plan remains in place. Remember that markets need to make pauses or retests before taking action. Additionally, we must consider that markets, in general, have been bearish—we are in a bear market. However, the points of interest I have marked are based on historical prices and significant liquidity, so we can expect aggressive movements once the price reaches the indicated zones. Thank you for your support, and don't fear these bear markets; on the contrary, we should average in and take advantage of the opportunities they offer us.
COINBASE:BTCUSD
by RocketMike111
2
pepe → tiny correctionhello guys! Chart Overview: - after the price made a symmetrical triangle, it broke the top line - it is forming a range or rectangle right now! Trend Analysis: - Pepe is in compression now - we can consider an upcoming downward! Price Patterns: - There are two potential correction zones within the rising trend: 1. Around the $0.0000107 level. 2. Between 0.0000099 and $0.0000094. Bullish Trend Confirmation: - if the range area breaks down it will confirm the downward movement ✎Actionable Insights: - you can take a risk and enter the short position right now and put two previous area as a target! - or you can wait until the range breaks down then get a short position until the blue area will be touched! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
14