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Euro can fall to support level, break it and continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago declined to the resistance level, which coincided with the seller zone, broke it, and fell a little lower than1.0755 level. But later price turned around and made a strong impulse up to the support line, breaking the resistance level again, after which the price started to decline. In a short time, the EUR fell to the 1.0755 level, broke it, and entered to range, where it declined to the support level, which coincided with the buyer zone and even made a fake breakout of it. Then price quickly rose to the resistance level, which coincided with the seller zone, breaking the support level, but at once rebounded and fell back to the 1.0680 level. After this, the EUR rebounded up, broke the support line, and rose almost to the top part of the range, after which turned around and fell to the buyer zone. A not long time ago price started to grow and in a short time backed up to range, where it now continues to grow. In my opinion, the price can rise a little more and then start to decline to the support level, after which the EUR will break this level, thereby exiting from the range and continuing to decline. So, that's why I set my TP at 1.0650 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
ETH. Buying opportunitiesHi traders and investors! The seller's vector 9-10 reached its mandatory target in the sideways range on the daily TF from the previous review. It's time to update the possible scenarios. Daily Timeframe Analysis On the daily timeframe, the price has formed a sideways range that began in February 2024. The seller's vector 9-10 reached its mandatory target with a low of 3240, and now the buyer's vector 10-11 is relevant with a potential target of 3977. The first obstacle for the buyer is the high of the last seller's bar at 3435. The price has not yet interacted with this level. Since the price is at the lower boundary of the sideways range on the daily timeframe, it makes sense to start looking for buying opportunities. Let's look at the lower timeframe. Hourly Timeframe Analysis On the hourly timeframe, the price has formed a sideways range. The seller's vector 4-5 exited the boundary of the range, and then the buyer absorbed the attacking range boundary candle of the seller, forming a buyer's zone at the end of the seller's vector (blue rectangle on the chart). Currently, the buyer's vector 5-6 is relevant with a potential target of 3653. The price is at the lower boundary of the sideways range on the hourly timeframe, so it makes sense to start looking for buying opportunities. Buying opportunities Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe or from the idea of realizing the buyer's vector 5-6 in the sideways range on the hourly timeframe. From the protection by the buyer of the lower boundary of the sideways range at 3362 on the hourly timeframe. From the protection by the buyer of the level 3345, which is the test of the seller of the formed buyer's zone at the end of the seller's vector 4-5 on the hourly timeframe. From the protection by the buyer of the level 3240, which is the test of the seller of the formed buyer's zone at the base of the buyer's vector 8-9 on the daily timeframe. After the buyer absorbs the daily candle of June 24, 2024 on the daily timeframe (conservative strategy). Please don't forget to like, comment and follow to support me, I really appreciate it!
by AlexeyWolf
BTC at the bottom of week range!Bitcoin hit the bottom of the range ✅ Alarm was right pointing for range bottom at ~58k, as BTC dipped to 58414 on that move. Now the main question - is it over? Shortly - if you are a respected TA, you can't say so yet. Why? Because week candle is only developing, so we won't have any clarity till next week close at least. Day candle shown nice bearish impulse with long tail, which can be taken as a first step of a bounce pattern, but to confirm it we'll need another 1-2 Day candle to close. Which brings us back to the idea, that this week it's all about guessing, but no mindful conclusions. Week close above ~60622-59600 will increase chances for a bounce from range bottom. Close below will keep momentum to dip lower. That is the only thing we can say now for sure. Nearest liquidity pools: above - 61840 / 62440 / 63260 / 64920 below - 60235 / 59820 / 59460 / 58040 Lines on the chart: 🔸67577 - May close 🔸63195 - week open 🔸60651 - April close 🔸59112 - March low 🔸56537 - May low 🔸53245 - Nov'21 low Trend: D 🔽 W 🔼 M 🔼 🤑 F&G: 30 < 51 < 53 < 63 < 64
COINBASE:BTCUSD
by WiseAnalyze
BTCUSDT. Trading opportunityDaily Timeframe Analysis: The price has been in a sideways movement on the daily timeframe since February 2024. The current buyer's vector 10-11 has a potential target of 72797, but the buyer has not yet reached this goal. The seller has formed a selling zone at the end of the unfinished buyer's vector 10-11 (red rectangle on the chart, lower boundary of the seller's zone at 66060.31). Currently, the price is squeezed between two levels: 64602.77, which represents the buyer's defense of volume accumulation at the lower boundary of the daily range, and 67298.81, which represents the seller's defense of the selling zone. Hourly Timeframe Analysis: On the hourly timeframe, the price has formed a sideways movement. The current buyer's vector 9-10 has a potential target of 67298.81 (!). The upper boundary of the range is at 67370.24, and the lower boundary is at 65078. Buying Strategy: From the idea of realizing the current buyer's vector 9-10 within the hourly range, with a potential target of 67298.81. From the idea of realizing the buyer's vector 10-11 within the daily range - when the price breaks above the upper boundary of the hourly range (67370.24) and the buyer defends this breakout. The potential target is 72797. Selling Strategy: From the idea of realizing the seller's vector 10-11 within the hourly range from the upper boundary of the range (67298.81, 67370.24). The potential target is currently unknown and will be formed after the realization of the buyer's vector 9-10. From the idea of buyer weakness on the daily timeframe - when the price breaks below the lower boundary of the hourly range and the level 64060, and the seller defends this breakout. The potential target could be 60200.
by AlexeyWolf
BTC in a Daily Range - Breakdown Likely?Bitcoin has been stuck in a range for the past 3 months. On the daily chart, it's hovering at the top. The Visible Range Volume Profile ( VRVP ) indicates a zone of high volume at $63k, suggesting this could be the next significant support level. Analysis : - Range : BTC has been trading within a range defined by $63k and $72k for 3 months. - Top of Range : The current price is near the upper end of the range, hinting at potential resistance. - VRVP : The VRVP highlights a high-volume zone at $63k, suggesting this level could act as support. - Breakdown : If the price breaks below the range, $63k would be the first major support level to watch.
BITSTAMP:BTCUSDShort
by alorse
4
Gold can break resistance level and continue grow to 2365 pointsHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago price rose to a resistance level, which coincided with the seller zone and soon broke it. After this movement, it made little correction and then rose to 2450 points, and then made impulse down to 2330 level, breaking 2385 level. Then Gold started to trades inside the range, where it some time traded near the current resistance level and some time later price rose to the seller zone, after which turned around and made a downward impulse. Price entered to wedge, thereby exiting from the range and also breaking the 2330 level, which coincided with the buyer zone. Gold fell to the support line of the wedge and then started to grow to the 2330 level. When the price reached this level, it broke it and reached the resistance line of the wedge, but a not long time ago XAU turned around and fell back to the support line of the wedge, breaking the current resistance level one more time. Now, the price trades in the buyer zone, so, in my opinion, it can rebound up from the support line and break the resistance level. After this, the price will continue to grow to the resistance line of the wedge, therefore I set my TP at 2365 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
XAUUSD 23/6/24Gold this week has a similar outlook to last week. We have an extreme POI (Point of Interest) within the market, a higher time frame order block, and a fair amount of liquidity below the structural lows established last week during our pullback. If you are up to date with last week's markup that we posted on TradingView, you would see that it has played out almost perfectly as expected. Following this, if we pull higher into the area of supply before dropping, we would expect a longer-term sell move. Conversely, if we sell off sooner, we will expect a bullish move later in the week. If this fails, we expect the 4-hour low to be closed out completely and the price to move bearish. The main points to focus on this week are selling away from the area of supply and capturing the liquidity that sits below the lows. Trade safe stick to your rules!
OANDA:XAUUSD
by PipSurfingSociety
EURUSD 23/6/24This week on the Euro, we're looking for price action to respect the higher time frame bearish narrative and overall play within the four-hour major range that we have in play from last week. Picking up the markup we have provided, you can see what we are analyzing. Options one and two involve playing within the short-term internal range and breaking lower within those areas, giving us a bearish shift below the four-hour low we have highlighted. Of course, this means that the price will not be pulling back to the 50% of the higher timeframe range, but this is not essential—it's just preferable. If we break higher above the four-hour high highlighted above the first two areas of supply, then I'll expect the price to push up to the extreme area of supply. In turn, we are looking at the price to sell away from targeting the four-hour major low that we have marked. This is the main key for this week. If we only have a bullish week and play within the higher timeframe range, we will, of course, trade accordingly. However, we ultimately are looking for sell opportunities this week. Take a look at the chart, and you will see the areas we are focusing on. Trade safe and always stick to your plan!
by PipSurfingSociety
XAUUSD. The seller is aiming for 2326 and belowOn the daily time frame, a sideways movement has been forming since April 9th. The buyer’s vector 4-5 reached a new high. The key candle of vector 4-5 was on May 20th and is located at the top (highest volume, "tKC" on the chart). The seller absorbed this candle, and now the seller’s vector 5-6 is developing. The first target is 2326.515. On the hourly time frame, there is a short trend. The last seller’s impulse started from 2374.01. The price corrected to the 50% level of the last impulse (2364.498), and we see a strong seller’s continuation. It makes sense to look for sell opportunities above 2390 if the price returns there or from the defense of the trend by the seller.
OANDA:XAUUSD
by AlexeyWolf
Bitcoin can turn around from support area and start to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price started to trades inside the upward pennant, where it broke the 60700 level and then reached the resistance line of this pattern. After this movement, BTC turned around and started to decline to the support level, which coincided with the support line of the pennant, and then the price made an upward impulse, thereby exiting from this pattern and soon broke the 66700 level too. Next, the price made a retest and started to trades inside the range, where it at once rose to part of the consolidation and then made a correction movement to the current support level, which coincided with the support area. Price some time traded near this level a little more and later rebounded up to the seller zone, where it at once turned around and in a short time fell back to the current support level. At the moment, it continues to trades near the 66700 level, which coincides with the support area and bottom part of the range. For this case, I think that BTC can fall to the support area and then turn around and start to grow to the seller zone. So, that's why I set my target at the 71000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
XAUUSD 15M - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
17/06/24 Weekly outlookLast weeks high: $70,207.85 Last weeks low: $65,079.20 Midpoint: $7,643.52 Bitcoin over the last week is in a clear downtrend, despite midweek volatility caused by the CPI & FOMC news events. The results of those news events overall were positive and we saw the reaction of that with a move from 0.25 level to range high. Yet price rejected yet again from the '21 ATH / range high levels before printing Lower highs and Lower lows making BTC LTF bearish. Altcoins are being destroyed during this chop, clear downtrends sub 4H 200EMA and a lot are retesting their 1D 200EMA levels for the first time in months. Only a handful of well performing exceptions are surviving but even they are running out of steam e.g. LSE:ONDO , LSE:TON , $JASMY. I think I could see a sweep of the previous weeks low, before we see any sort of rebound and aim for MIDPOINT. The 4H 200EMA is sat at just below MIDPOINT and so there is huge resistance there, a rejection of that level continues the LTF downtrend. This week I am continuing to monitor the Bullish Divergences that are appearing on the 4H & 1D and looking for any clear reversal in trend direction. For now I cannot see what catalyst would be responsible for turning this price action bullish, but that is what my focus is on, until then this is a no trade environment in my opinion.
by ProR35
3
AUDUSD → False breakdown of resistance. Ready to go down?FX:AUDUSD is forming a false break of the range resistance, but the market continues to struggle between traders. The focus is on the risk zone, the breakout of which will send the price flying downwards. The trend is neutral, after a long-range retest of 0.66676 resistance a false breakdown is formed and the buyer has no potential to go up. A retest of the local maximum is possible, but all the emphasis is on the support at 0.6648. A break of this area will be a confirmation of the buyers' loss, as well as a break of the local uptrend, which will provoke the formation of a strong bearish impulse. Resistance levels: 0.6668, 0.6715 Support levels: 0.665, 0.6558 Most likely, the buyers' strength will not be enough to pass the mentioned resistance from the first time. At the moment the seller is pushing the market and if the key support area is broken, the market will change its local mood Regards R. Linda!
Short
by RLinda
13
ETHBTC. Should we look for buying opportunities?On the weekly time frame (TF), there has been a sideways movement since May 2021. The seller's vector 11-12 interacted with the lower boundary of the range at 0.049081 several times. After the first interaction in January 2024, the buyer performed well with a single weekly candle (January 8th), forming a buyer's zone (blue rectangle on the chart). A similar situation is happening now, with the weekly candle on May 20th also showing a good spread and volume, creating another buyer's zone (blue rectangle on the chart, with the upper boundary at 0.05206). Since the seller's vector has reached all its targets within the range, the current buyer's vector is 12-13. The potential target is 0.085621 (~50%), and it seems reasonable to look for buying opportunities. However, the question remains whether the buyer's activity will develop further or if the price will update the local minimum again (0.04473). It is reasonable to look for buying opportunities on the weekly time frame from the buyer's zone (upper edge – 0.05206), with the idea of realizing the buyer's vector 12-13. The first potential targets are 0.06117 and 0.06257, with an ambitious target of 0.085621. Let's examine the lower time frames to determine where else it is reasonable to look for buying opportunities. Daily Time Frame On the daily time frame, there was a seller's trend. The last seller's impulse started from the level 0.05249 and ended at the level 0.04473. Then, there was a buyer's impulse, and now the price is above 0.05249, indicating that the seller's trend has stopped. The key candle of the buyer's impulse (the highest volume in the impulse, marked as "KC" on the chart) is at the end of the impulse. Buying opportunities can be considered if the buyer defends the levels at 0.05332 (the key candle of the impulse) and 0.05249 (the price of the last seller's impulse started from), with the idea of initiating a long trend and breaking above 0.05744. It would be cool, during the seller's attack on the level 0.05249, the price moves into the buyer's zone on the weekly TF (0.05206 or below), and then the buyer brings the price back above 0.05249 and defends this level. If the price falls below 0.05249 and the seller defends this level, it is likely that the price will move towards the local minimum (0.04473). 4-Hour Time Frame The price has formed a sideways movement. The buyer's vector 6-7 has reached its targets. The current seller's vector 7-8 has a potential target of 0.05322 (see the 0.05322 level on the daily TF above). The lower boundary of the range is 0.0525, which coincides with the 0.05249 level on the daily TF. It makes sense to look for buying opportunities on the 4-hour TF if the buyer defends the levels at 0.05322 or 0.0525, based on the idea of the buyer's vector 8-9 within the range. Sales can also be considered from the seller's defense of the 0.05622 or 0.05744 levels, based on the idea of the realization of the 7-8 vector within the range.
by AlexeyWolf
10/06/24 Weekly outlookLast weeks high: $71,199.84 Last weeks low: $67,611.61 Midpoint: $69,801.22 Chop, chop and some more chop for Bitcoin. A steady a climb for BTC last week from range lows made at the beginning of the week with a high just shy of $72K before freefalling to the 0.25 line which coincides with the '21 ATH level l, and a bounce back up to the midpoint which is currently LTF resistance. The altcoin market is looking in pretty rough shape in comparison to BTC, many have halved since their highs and are now retesting their 1D 200EMA's for support. In a Bullrun you'd expect these levels to hold and can offer great Long entries, I'd like to see BTC show strength above the '21 ATH because if we see another drop below alts will follow and once below the 1D 200EMA we could be in trouble for a while. For this week I am looking at potential alt longs at the 1D 200EMA levels but being very aware of Bitcoins price. No trade if BTC is below SWB:69K as that would be yet another failed ATH run, and would look to target lower down in the chop range.
by ProR35
CPI & FOMC JUNE 12th Massive day for BTC, crypto and the broader markets as CPI and FOMC take place in a time where BTC has taken a dive back towards the range MIDPOINT. Both CPI & FOMC are forecast to be non movers, with 3.4% and 5.5% respectively. Last month CPI was the catalyst for the move from 0.25 to range high, however some of that hard work has been undone in recent days. I would like to see the same kind of move but this time from the MIDPOINT which often provides a better starting point to a move. What we don't want to see if BTC is to keep bullish HTF momentum is lingering around the midpoint level with a view to target range lows yet again. Buyers need to come in fast before momentum is lost. With sentiment so low but price constantly knocking at the door of ATH, ETF's being approved leading to institutional investment, mining rewards halved and a US election on the way this year. Big things are about to happen in the world of cryptocurrency and Bitcoin is the one leading the charge as it so often does. Be greedy when others are fearful springs to mind. There is definitely fear in the market and its participants, The chart once you zoom out does not give me reason to be fearful just yet, this is a Bullrun and dips like these can be turned into wins.
BITSTAMP:BTCUSD
by ProR35
Bitcoin can start fall to support level, breaking support lineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price fell to the support line, some time traded near, and later made a strong impulse up to the 66500 level, which coincided with the support area and soon broke this level. After this, the price made little movement down, after which repeated impulse up to the resistance level coinciding with the seller zone. But at once BTC turned around and made a correction to the support area, and also the price started to trades in the range. In range, the price rebounded from the support area and tried to move up, but failed and fell back. After this movement, BTC started to grow, and in a short time rose to a 71500 resistance level, some time traded near and then bounced down. But a not long time ago it turned around and started to grow again. So, at the moment, I think that price can make little movement up to 70k points, after which turns around and starts to decline to the support level. breaking support line inside a range. For this case, I set my target at the 66500 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4