Get started

Range

On the Track Hi everyone, Yesterday we talked about how Bitcoin might be entering a new range between the support and resistance displayed, as it bounced from the 0.5 Fib level. A very important notice that on DOTUSDT, we have formed a head and shoulders and we are right now retesting the support level, which is really bullish as it is a reversal pattern on a higher time frame (Daily). Also on DOTUSDT we have formed a bullish reversal candlestick pattern, although I am not a big fan of candlestick patterns because it is usually too late to enter when you see them, but they might be helpful when looking for confirmation. For Bitcoin, we are still on the same plan as yesterday, as we did not quit the wedge we are in and as it bounced from the support we talked about on our latest post (link down below). In conclusion, we are forming good structure inside the wedge and volume is increasing everyday, which means that there are strong participants entering the market since the last month. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
Step by StepHi everyone, Yesterday I mentioned that we are going to do a retracement to at least the 0.5 Fib level (Which we just did), and I also gave a free signal on DOTUSDT, which is up 7% Right now. (I really encourage you to follow me top not miss these opportunities). At the present moment, we are seeing a clear rejection from the same Fib level, as we are also on a support that acted as a resistance previously. I think that we might be entering a range where we might bounce from this support then reject the resistance right above it. Another move that might less likely to happen but happen too, is that there might be some liquidity that resides below the support that we are talking about, so the price might try to take that liquidity, but it usually does not happen in these scenarios. In conclusion, I think that we are going to have a slow start this month, which usually happens in the month of August, but I think that are preparing for a good mid-term bullish move. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
8
EURCHF - Where are the sore spots of the SNB?The SNB delievered a real game changer in the last week and hiked its rate by 0,50%. The whole market got catched on the wrong foot and the EURCHF dropped immediatly by more than 200 Pips. So whats next for the franc? The SNB explained that they could intervene now from both sides. So they could either slow a appreciating CHF (as they did many times) or they could also slow a depreciating CHF by selling their huge FX reserves (that was new and unexpected by the market) My guess is that their 1st level on the downside would be the 1.0000 level (-> round number and psychological level) Their level on the upside could be 1.05 as the EURCHF dropped strongly 2 times in the last weeks from this level without any news or data to support this rapid weakening. Maybe it was the SNB already with their feet on the brakes? Again I'm just guessing here and I will have a close look on the SNB data in the next weeks to verify this thesis. So a range in the EURCHF between 1.00 and 1.05 could be plausible. What could be the points to break this range? 1. Inflation in Switzerland would need to drop significantly to give the SNB more room to breathe (upside pressure for the EURCHF) 2. ECB would need to become more dovish (downside pressure for the EURCHF) 3. sudden positive news from the Ukraine conflict (huge upside for EURCHF possible) (4. Of course a further slowing in the world or european economy would also lead to downside pressure for the EURCHF)
by PrimeTrading
ETH - We need range before more riseETH Globally Still waiting for ETH 2.0, only 1 month left. Dominance is slowly coming into the coin and general trend is stronger than BTC's. We came to strong resistance and now Accumulating below it ETH Locally Since level on daily chart is very strong, we formed a range. If we want to break this, it's better to wait for at least 3-4 days of accumulation, but better a week or more. Big players need to collect position before letting the price go higher What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
by Artem_Dishel
13
XAUUSD: Liquidity Everywhere ⚠️Gold is a mess but it certainly is creating a lot of liquidity on both the buy and sell side. The range leaves us with uncertainty but we can try and make sense of what is going in. I would like to locate a short to sweep the buyer liquidity BUT I am concerned because the majority of the market has the same idea according to the sentiment. If price pulls back to the fresh supply, I will be looking for shorts AFTER we see a manipulation of the area. If price breaks the supply aggressively we can assume that our short idea will be thrown out of the window and we will have to begin to search for buy setups to sweep the equal highs. It's a tricky pair to work out currently, the best thing to do is sit on our hands.
OANDA:XAUUSDShort
by AlkalineFX
37
US100 Short Position 1h Scaling EntryThis is one idea on US100 Reversal on the Resistance line with scaling entry. Zone seems like this: Entries with 1/4 of total amount risked on after confirmation of: 1)Range resistance retest. (12531.4) 2)Smaller negotiation area resistance retest. (12395.6) 3)Breaking of smaller negotiation area support. (12332.5) 4)Breaking of the Sign of Weakness of smaller. (12198.7) Stop loss above the Swing High. (12694.5) Target on the opposing edge of the zone. (11707.0)
CAPITALCOM:US100Short
by koumkouat