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Ranges

XAUUSD 1D 21/04/2023Currently, in our daily timeframe, we are in a bullish range that is bounded between 2049.194 and 1981.738. Currently, the demand zone, which ranges from 1991.195 to 1981.680, is being absorbed by price action. Thus, we could expect a bullish reaction to liquidate the next logical liquidity point, which would be at the 2049.194 mark. Otherwise, if the price breaks below 1981.680 with a strong bearish candle, we would be in a new bearish range, and we could look for a short position.
OANDA:XAUUSDLong
by mdr300896
USDJPY 15M 20/04/2023Currently, in the 15-minute timeframe, the price is hovering within the range of 134.354 to 134.262. We can expect the price to continue to move within this range until it reaches the closest liquidity target at 134.017. This target is the point where we could expect a significant amount of buying or selling activity. However, if the price does not reach this target, we could potentially see a reaction in the range of 134.829 to 134.670. This range represents a potential area where buyers or sellers may enter the market, and traders should monitor this range closely for any potential trading opportunities. Overall, the text highlights the importance of identifying key price levels and liquidity targets in the market, and being aware of potential reactions or trading opportunities in these areas. Traders should always exercise caution and make informed decisions based on market conditions and their individual trading strategies.
by mdr300896
NZDUSD: Daily Bullish Engulfing with Hidden Bullish DivergenceNZDUSD still looks like it would rather Break Bullishly out of this Range than Bearishly and right now it has Bullishly Engulfed on the Daily and has Continued to Build it's MACD Hidden Bullish Divergence; if we could gather enough energy to rally up to and break the Bullish Dragon Trigger Line, I not only think it would make the 0.886 retrace of the range but i also think it would have quite a good chance of breaking out fully from the range and going for new highs.
Long
by RizeSenpai
Playing ranges in BitcoinIn the previous post we explained how Bitcoin is changing and showing some range pattern instead of a bubble behaviour. It's important to adapt your trading style to market style, if you are still expecting crazy rallies in BTC you can be stuck here for months or maybe year. Today we show you how we analyze the prices between long term ranges (green lines) and you can see ranges of +2% aprox. Please note that this is not a math class, so ranges can slightly vary and ranges only means more probabilities of offer or demand to appear and change the short term trend. Trading near support and resisances offer a great risk reward ratio, so just enjoy until the price moves to the next big range. The chart is showing a long and short trade idea, so feel free to adapt to your trading needs. Good luck It's highly reccommended to see the previous post, see related ideas.
BITSTAMP:BTCUSDLong
by All_ChartPatterns
1
The maths behind BitcoinAs you know, we usually post ideas from our algorithm, but today is diferent, I've been struggling with a crazy idea for some time and it's becoming more and more clear. The bitcoin market has undergone significant changes over the past few years. In the past, it was known for its wild price fluctuations and was often associated with speculation and high risk. However, in recent years, the market has become much more stable and less prone to dramatic price swings. There are several reasons that could potentially explain this shift. One factor is that the market has become more mature and is no longer driven solely by speculation. As bitcoin has gained widespread acceptance and adoption, it has become a more legitimate asset class and is now being treated more like a traditional currency. Another reason for the market's stability is that it is now being regulated more closely by governments and financial institutions. This has helped to reduce the level of risk associated with investing in bitcoin and has made it more attractive to mainstream investors. Overall, the bitcoin market has become much more docile in recent years, with less volatility and fewer wild price swings. But, how much more predictable? Well, in the chart you can see the downtrend clearly moving inside a double channel, but take a closer look. Since top, we have a major support every -15% of price movement (green lines), so we could predict the next major support in the 13,500$ zone. If this is not strange enough, we can also predict the time. During the last year we can observe cycles of 67 to 81 days drawn in blue. This projects the next peak in the second half of January before the next move. As all models, this is not magic and will work until it doesn't work anymore but isn't it curious? What do you think? Have you observed anything similar in BTC lately? If you are looking for trading ideas in the short term/b], a simple system that is working nice is to buy if the price breaks upwards the resitances and sell if breaks down, it's a pretty clear ranging market, so it's much better than buy & hold right now. Buy and hold would be an option once we start to break the channel or important resistances and then we could see again a bullish market, not now.
BITSTAMP:BTCUSD
by All_ChartPatterns
5
SPELL - The Bullish Play SPELL has had relative strength lately and I feel nobody really noticed. Unless you zoom in down to current PA, it won't look like it has done much recently. That is not the case, SPELL has: - Broken out of two resistances (indicated in "breakout" and "s/r") - Flipped a key S/R level into support, thus breaking bearish market structure - Is developing a descending wedge (typically bullish) - Trading inside the current mid-range, not having broken the EQ as support, yet I try to ignore all those nasty wicks as random deviations, sometimes they can be helpful but I mainly try to stick to the candles for my key levels. If the market continues to see strength here, I imagine something like this playing out imo. A break below mid range and fakeout of the descending wedge to the bottom band of the range where our bullish order block remains, then a bounce and I'd target at least the upper band of the range and potential breakout if this rally is to continue. Just an idea, invalidated on a break below range low (bullish OB). Cheers!
Long
by cryptovatsik
audusd multi timeframe analysis and forecasthi communnity, i spend few days analysing this pair, and here is my proof of work, it is only price action: - i use price cycle with elliot wave theory - i used to concept of ranges( orderflow; internal/external liquidity; break of structure etc;...) - to enter a trade i use concept some simple but clear rules the most important thing for me, is to analyse price with elliot wave theory, it radically change my rate of success when i start to use it, and you can see it on my ideas > for audusd, my forecast are labelled in white, i see this pair making a pullback in the area of 0 ,62000 before a strong uptrend
by ninodelsol
Hopes crushed?? Is Bitcoin Bearish??Over the last week we've seen a lot of optimism in our markets, but are we getting faked out? Please refer to the charts below, there is no technical analysis whatsoever on the chart posted above. It is worth noting that SPY has shown signs of relief and earnings are not as bad as anticipated... With that being said a relief bounce was expected, but have we met our end regarding BINANCE:BTCUSDT We previously witnessed Bitcoin break it's bearish market structure and head to the upside, however it has once again broken that same structure on the HTF and began showing bearish signals. Bitcoin had been dancing in it's previous range above 22,500 which was considered bullish. Here you can see the break down of that range and it's points of confluence on the 15 minute chart. Chart- As you can tell we've broken down through that range low, and now it's time to pay attention to the previous ranges from last week on the 4h HTF. Here's that labeled chart, I'll go into detail after... Chart- This timeframe is where your focus needs to be... As you can see last week we broke out of Bearish Market structure on the 4H (Why Optimism is high), however we have now broken back down through that MBS level. We look to head down here if we begin breaking those previous resistances which are now support from last weeks ranges. I expect Bitcoin to find some support through the value area but if you are a positional trader your main focus should be on major areas of confluence. Remember, we can't predict the market, but we can find points of confluence and observe which direction price action takes from the levels. We have major confluence at 20,300 and here's why... This is the middle of our range, and Equilibrium found using the .5 level on the Fibonacci tool. This level is also very powerful in the fact that the , middle of our range finds confluence with our point of control, found using the Volume profile tool. I plan to watch this area closely to make trade decisions if we begin to head towards it. However this level could become irrelevant if we decide to reclaim the recent range above 22,500, only time will tell. it's best to watch the high and low points of these ranges to conclude an overall market sediment, however for now am no longer bullish since Bitcoin has returned to last weeks range.
by MarketMoversLLC
3
Chainlink RangesHi, I've drawn up some ranges in Chainlink... This badboy has been trending very well in these bearish times. My strategy with this one would be to trade the ranges, especially Longing the Pullbacks, and entering at the bottom of the support lines. But generally it seems like the crypto coins are really fluctuating up and down in ranges in quite short intervals in these bearish times - and that means there are a lot of opportunities to make some quick gains, long ,short, long.. etc. Just be careful, and remember your stops. Move the stop loss closer to break even as you get into profit, and take profit when the price seems to weaken again, unless you're more confident.. Check with the BTC-price.. If BTC breaks down, or up, you can be pretty sure the others will follow. Sorry, I still havent really improved my Tradingview ideas since last time, but I have hopes that I will come back stronger soon.. hehe. Good luck and God bless! :)
Long
by thomchris777