Rangetrading
BTCUSDT - RangeBTCUSDT is actively trading in a RANGE.
It is recommended to stay out of trading ranges as the unpredictability is high in ranges, as it's ACCUMULATING for sharp high volume move.
The plan of action is one of PATIENCE, if you enter too early it's not a strategy it's a GUESS, and we do not do that around here.
PATIENTLY wait for a breakout either buy side or short side and tailor your entry based on how the market reacts.
Bearish trend continuation for the weekThat's my idea for the current downtrend if we continue it. Nvidia earnings today at 10pm could be a factor for volatile price action. I see the possibility of a move up to the 1hr EMA50 at around $61.2k if earnings come out well. This is a scenario where we continue the current downtrend. Check out my bear scenario for this week here on tradingview to see the bigger picture. The level to keep an eye on is the $56k level as the price could be interesting there due to pools of liquidity. I have also marked the current price levels where we are again. These are the levels of the consolidation range we were in last week.
BTCUSDT RANGEBTCUSDT is once again in a range...
I am currently in a LONG position on BTCUSDT so luckily I am already in profit on this trade as I entered on the BIG VOLUME CANDLE.
Once again, that is what we are looking for, either candles with LARGE VOLUME going long, or short.
This is a perfect time to move up our SL and liquidate some of the position, as RANGES leave you in unknown territory.
Ethereum remains stuck in the same liquidity zoneEthereum remains stuck in the same liquidity zone. It has shown a bit of strength in the past few days, but the buying pressure is still not enough.
I invite you to check out my analysis on Bitcoin, as it’s currently in a bullish pattern that will cause Bitcoin to take off very soon, which will pull the entire crypto market, including ETH, along with it. So, for now, we are still in the same zone I indicated several weeks ago and moving sideways.
Thank you for supporting my analysis. For now, it's just a matter of waiting and continuing to buy for the next breakout!
Best regards.
Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years.
A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.
Levels to watch: $30, $45
Keep your long term vision,
Philip - BasicTrading
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.
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.
US30USD Market Structure, ranging market👋Hello Traders,
Here is a structure of US30USD, it is a very ranging market with low highers recently.
It is suitable for range trading strategy in our opinion.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Retracement short trade of BTCUSDT, short term idea👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Short setup in BTCUSDT for scalping.
Please refer to the details Stop loss, FVG(Supply Zone),open for take profit.
BTCUSDT daily chart is in uptrend or ranging market, this is just a retracement trade idea and you could consider buy BTCUSDT after reaching the demand zone marked with a reversal to upside chart pattern in H1 or higher timeframe.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
notable price points if we are moving into recover the zone -61kalways gotta have a plan ... just some price points to look out for and keep and eye on. for scaling into this zone during the retest.
bulls say: until 61k is broke it doesn't even matter
bears say: give me 40k
neither so be able to talk anyway so its irrelevant for trading
Bitcoin (BTC) Price Analysis: Preparing for the Bearish AbyssIn this technical forecast, we delve into the darker recesses of Bitcoin's potential price journey. We observe a concerning configuration on the BTCUSD chart where the currency is currently grappling with critical support levels.
Current Dynamics:
The price has recently retracted from a peak, teasing the possibility of a significant downtrend.
A descending channel formation can be seen, indicating a tightening bearish grip on the market momentum.
Worst Case Trajectory:
Should the price break below the sturdy support zone, indicated by the green rectangle, we may see an accelerated drop.
The price could tumble toward the lower boundary of the channel, a line that has historically acted as a gravitational pull during bearish trends.
Key Levels to Watch:
Immediate support resides within the green rectangle zone. If this fails, the descent could be sharp and unforgiving.
Further support is hypothesized by the extended yellow trend lines, outlining a worst case range that could spell distress for bulls.
Projected Pathways:
The worst case scenario envisions a stark descent, followed by a period of consolidation below the current support.
A relief rally might attempt to reclaim lost ground, but the overarching trajectory remains bleak in this hypothesis.
Conclusion:
While we must tread with caution, preparing for a bearish eventuality is prudent. Investors and traders should brace for volatility and consider the historical behavior of the market during similar patterns. Vigilance is key as we watch for potential support breaches that could confirm this grim forecast.
CARVANA $CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd,CARVANA NYSE:CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024
BUY/LONG ZONE (GREEN): $72.50 - $81.25
DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50
SELL/SHORT ZONE (RED): $60.00 - $68.50
Weekly: DNT
Daily: DNT
4H: DNT, lean bullish
This was requested at the end of last week but I didn't get around to it. I drew up this NYSE:CVNA chart analysis yesterday as I was entering a new trade, but wanted to wait until today to post it. I did not adjust the zones and kept them as they were yesterday, even though today price has already broken into the bullish zone, there is still room to enter new trades to the upside, or if bears want to take on some extra risk they could enter extremely early here if they expect a pullback. Earnings release next Wednesday, May 1st, 2024, and I'm looking to take advantage of possible volatility. NYSE:CVNA has broken down structure on the weekly timeframe, developed bearish structure on the daily (which is now broken as of today), and had a defined range on the 4H (which was also broken as of today).
Previous NYSE:CVNA trade idea is linked below!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, NYSE:CVNA , carvana, carvanastock, cvnastock, cvna, carvanaearnings, earningsreport, earningsrelease, carvanaearningsreport, carvanatradeidea, carvanapricerange, rangebreakout, rangebreakdown, carvanarange, rangetrading, chartpatterntrading, chartpatterns,
CARVANA $CVNA - Feb. 15th, 2024CARVANA NYSE:CVNA - Feb. 15th, 2024
BUY/LONG ZONE (GREEN): $48.00 - $60.00
DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00
SELL/SHORT ZONE (RED): $25.25 - $40.00
By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects. Currently I'm looking at a bull trend that was set after a breakout of the range in the $40-$48 zone. Any data before June 2023 I was not considering. If I had to look for an upside target, assuming the trend stays bullish long term once price reaches $60, the next logical point would be $103. Due to the lack of data and because price is trading away from the start of my bullish zone, I personally would not look to enter until there is a reaction to the $60 area or a pullback to the $48/$49 zone.
EURJPYEURJPY is trading in range bound with 250 PIPS range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 250 pips range which can deliver fine risk to reward.
currently the price is at resistance level and being rejected due to selling pressure.
will the pair head back to support area ?
what you guys think of this idea ?
AUDUSD Analysis: Support and Resistance Trade- Trade Strategy: Support and Resistance
- Key Levels: Resistance at 0.6624, Support at 0.6482
- Profit Potential: 142 pips
Analysis:
- Importance: Emphasizes the need to accurately assess profit potential
Trade Plan:
- Long Opportunity: Look for buy entries near Support (0.6482)
- Short Opportunity: Consider shorting near Resistance (0.6624)
- Risk Management: Implement effective risk management techniques
Share Your Thoughts:
How do you plan to utilize the support and resistance levels in AUDUSD? Share your insights below!
📈 Remember to trade responsibly and prioritize risk management in your strategy!
AAP Advance Auto Parts, +130% Upside potentialHUGE UPSIDE POTENTIAL
Fundamentals are there. So it TA.
The inverse head & shoulder pattern has spoken: first target is $109.
Then possible pull back & consolidation at our breakout level of ~$80
I expect a return to $200 at the end of summer 2025 but timing market is just 🔮🤷🏻
NYSE:AAP #AAP