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
Range
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
SHIBA the major support and the last chance 📖💡Hello every one
the last chance for shibusdt
Based on the chart
the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️
and
we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀
and
if we lose this area, we will see more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
✅GBP_AUD SELLING OPPORTUNITY|SHORT🔥
✅GBP_AUD will be retesting a resistance level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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Can this scenario repeat?Last time, the price moved slowly up after getting support from the SMA-200.
After that, the Sell Pressure Increased in the supply zone and the price dropped fast.
After a reversal in the demand zone, it gained support from the SMA-200 again.
Now we have to wait and see what the price reaction is after approaching the supply zone.
Joe Gun2Head Trade - Selling a retest of the broken rangeTrade Idea: Selling a retest of the broken range
Reasoning: Break down on yesterdays PMI number. Lower prices expected.
Entry Level: 1.2072
Take Profit Level: 1.1707
Stop Loss: 1.2118
Risk/Reward: 7.89:1
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Consolidations leading to less volatilityWhen trading there is a few things that I like to look for
this criteria has many names online yet when coming from me I like to explain this is these sayings inefficient, efficient movements. Efficient movements being what we have here highlighted in purple.
The movement pattern that we see here is one of consolidation or contracting volatility. When volatility in a trading pair drops we can see a tighter ranges appears vs when we see and expanding volatility and inefficient markets.
When we have markets that witness Efficient movements these are usually markets that can break to the upside if they continue to see these small price range moves.
Inefficient markets are the opposite of what we have above characterized as markets where the range is expanded and usually to the downside as volatility increases.
Efficient and Inefficient markets patterns can be found as fractals found within each market notated by the white line. Knowing where these states exists within the market is important for market timing as a trade closer to the mid line would see a very bad trade placed.
Knowing the difference between when a market is efficient and inefficient can be key in bettering your trading style allowing for better entry and exit points as you can see where the market likes to sell off where volatility gets to low and where it is being bought from where volatility is to high.
Efficient and Inefficient market patters
FIND THE RANGE & GET EARLY ON THE TRENDThis particular breakdown I'll use Kroger to show how profitable you can become by getting in on "Range Position Plays".
When prices create a lot of two sided trading for an extended period of time like Kroger did from Feb-May.
Traders should start to identify when the range is beginning to weaken.
Kroger traded in a range for 3 months before finally breaking down from its range. If you simply played the breakdown of the range, you could have taken a 3 day decline on Kroger. Puts would have paid nicely. A simple entry below 53 and you could have rode Kroger down to 47. A nice 6 point drop for an asset such as Kroger.
If you decided to trade the 3 month range Kroger was in, then you would have entered this trade for a short around April 11-12th.
As price broke below $60, Kroger then entered back inside of its range. Once that happened. You then would identify your support areas and play the downside accordingly.
Kroger printed 3 bear legs down from 60 all the the way to 47. It took roughly a month for Kroger to move 13 points, but if you were on the right side of it. That 13 points would have been major.
There was a chance to grab anything from 58 puts to 47 puts and they all would have worked out.
If purely speaking on retracements, then you could have expected Kroger to potentially Pullback to around 50 after it broke its range. The 50 level is considered a 50% retracement and a GAP also was there as well. Price actually sliced through on its 3rd Bear Leg and retraced over 75% back to the 47 level.
There were 3 different swing entries on KROGER: Below 60. Below 57.50 & below 53.
In the end, it was a beautiful short position to get in on. From 60 to 47.
Learn to spot two-sided trading A.K.A Range Trading. Once that range breaks, a trend may then form afterwards. This is one of the best ways to "Get Early" on a Downtrend.
ALICE/USDT : Failed to hold the breakout!BINANCE:ALICEUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$ALICE has a breakout on $2.96's resistance and holds above the broken line and it causes the line to change from resistance into the S/R line.
But It didn't take much time and got rejected below it.
Now based on our data, The failed breakout attempt has low volume and it comes with a bearish setup opportunity!
There're four factors to look for :
- Fake pump with low volume
- Back to the range
- Invalidation above recent high
- Target to range's low
I'm going to locate my Short into the S/R zone with an invalidation above $3.36 ( Active management ), With two major targets;
- Range's Low at $2.09
- Possible Local low at $1.06
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades