Range
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
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