Range
BITCOIN UPDATESince my previous update BTC failed to make a second HH from a daily perspective and instead rejected the supply of the channel aggressively.
Now price has formed a macro M formation and broke below the important midline support, which will now act as resistance. I think there is a good probability now the price will come all the way back down to the lower range of the accumulation channel.
We are monitoring PA on the LTF for rejection at the identified supply zone for potential entries to short.
ENVX primed to regain lost ground Li-ion battery manufacturer and developer NASDAQ:ENVX looks poised to continue pressing higher in the months ahead after pushing back above the 55-day EMA and the $10 handle
RSI pressing to its highest levels this year suggest that a rather bullish move higher could be at hand. The last time RSI soared like this was during the stock's rise to record highs between September and November of last year
NZDUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin to decide a direction SOON!Ahh the classic "It's either going to go up or down"
At this point I'm quite fine with either direction BTC decides to take. If we drop lower I'll DCA more, if we pump and bottom out I will still DCA more.
Lower prices give longer term opportunity for investors and short term shorts for traders, higher prices now would just mean a more exciting summer imo.
Nobody knows the direction for sure, all we can do is map out levels and TA on the chart and play it day by day, with a plan A and B.
Still in this range until further notice from Bitcoin, this coming week should have a decisive direction.
Happy Sunday folks!
V
$BTCUSD 1D_tkcross_rangeBitcoin remains range-bound. Distribution. Ichimoku, tkcross is signaling long, short term.
As for downside, 28000.00 is the next bear fractal.
Set targets, stops, alerts and call limit order for the week.
spot/call/limit: 30192.08
tp_01: 32383.96
tp_02: 34322.00
stop: 28605.00
never margin trade. Go well.
DOTUSDT LONG There is a decrease in the buying momentum, and when the momentum decreases, a reversal or a bigger correction occurs. Here we got a bigger correction, and there is a decrease in the sellers’ momentum between the two correction waves, and there is a strong reaction from the demand area. I expect that we will get another bullish wave that may reach level 13
BTC ANALYSIS Bitcoin in the range of this range represents a war between the buyer and the seller Compare the reaction when the seller tried to break the range down I see that the reaction of the buyers was stronger as we got a higher bottom than a bottom and the price went up and tried to break the range to the top and the buyers were able to form a higher top than a top above the range and the price fell But the seller's reaction was weaker than the buyer, so I expect the price to test the buyer's area and rise to the level of 35 thousand
Tron USDT Up or down, time will tell. These are suggestions for what might happen.
You could already buy around now, if you have low leverage and can have some space for stop loss.
Or you could wait and see if price breaks temporary trend line, enter at the lower support line,
or wait to see if price breaks down below lower support, and take a short to the downside of the range.
Good luck!
God bless you all!
PS. I do not swear to abide to house rules, cause Jesus told us never to swear by anything.
But Yes, I comply with house rules.
Regards
ThomChris
NOT Convinced yet on BTC upsideDon't want to be a party balloon popper, but it may be worth your while to be patient on this un-confirmed breakout. YES we broke the micro downtrend, YES we look to have broken the range possibly. YES this could be a bull trap.
No we have not broken resistance yet, RSI overbought, pump is already stalling.
Even IF we have bottomed, there will likely be a better entry once more before major upside IMO. Or you could wait until a cleaner breakout and make an entry on the retest of s/r.
Not Financial Advice, stay frosty out there folks.
cryptovatsik