Rangetrading
LINK Looks Juicy LINK has been accumulating for quite some time now - just bouncing in this range preparing for a large move imo.
Would look to enter on a retest of the mid-range or breakout above and retest - currently in no mans land with any real good entry location.
But on a higher timeframe this looks ripe to rip up to the target above at some point.
Annotations also on the chart!
Cheers
AMC: Range trading! What if it breaks this congestion?• Since our last analysis, AMC has been just doing some range trading, trading above our support at $6.80, but below the 21 ema (the link to my last analysis is below this post);
• It seems we have another resistance to work with, the $7.89 (Sep 07 low, yesterday’s high). Along with the 21 ema, this creates a dual-resistance price area;
• AMC will only engage in a bullish momentum if it breaks this dual-resistance area, as long as it trades below it, nothing new will happen;
• In addition, the $6.80 is still our main support, and only if AMC loses it (and close below this point), we’ll see the continuation of the bearish sentiment, and the next target would be the $5.96;
• Either way, AMC looks interesting, but it must do a breakout from this congestion first;
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
AMZN: Next targets + Trend analysis!• AMZN is doing some range trading since September 23;
• Its support is at $112.06, while its resistance is at $118.70;
• The momentum is still bearish, and we don’t see any reversal pattern confirmed yet. In this case, we can assume AMZN will lose the support and seek the next target at $102 (the next support level);
• Is there any chance of a reversal? Yes. By breaking the resistance, it’ll trigger a technical mid-term reversal, and the next resistance at $136 would be the next target;
• The open gap near the next resistance will probably help the bullish thesis. Remember, gaps work as magnets during reversals;
• For now, AMZN is neutral, and the volume confirms this, as it stabilized along with the price;
• To whatever side AMZN breaks, I see a good movement in sequence. Let’s pay attention to these key points for now.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
BTC: Rangebound?Bitcoin
Intraday - We look to Buy at 18613 (stop at 18221)
Price action continued to range between key support & resistance (18500 - 19500) and we expect this to continue. We look to buy dips. We are trading at oversold extremes. 18521 has been pivotal. Support is located at 18500 and should stem dips to this area. Expect trading to remain mixed and volatile.
Our profit targets will be 19584 and 19884
Resistance: 19500 / 20000 / 20500
Support: 19000 / 18500 / 18000
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Bitcoin range play: upside potentialWe see on the daily chart that support at the June-July range low, 18.8k, (which is also the 2017 high) is very strong.
The candle is very bullish and is accompanied by powerful volume.
Further downside at this point seems much less probable than more upside. Therefore, my analysis concludes we will be continuing the range upwards now.
21.6 seems the obvious next level and a *safe* TP point.
22.3 is more of a high-conviction play and not improbable, but in these environments I think safe plays are not a bad thing.
Once we get to those price-levels, which is to say: the top of the June-July range, it will be easier to evaluate whether we will be rejected again to continue the June-July range downwards, or whether we will push through to 24.4.
I still believe 28k may be on the charts for a bear-market rally local top, and it would be the perfect bulltrap. But first things first.
Aggressive profit taking is always recommended in these environments.
Hope it helps, and enjoy your day/night!
BTC: Rangebound?Bitcoin
Intraday - We look to Sell at 20448 (stop at 20902)
Price action continued to range between key support & resistance (19500 - 20500) and we expect this to continue. Daily signals are bearish. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Our profit targets will be 19444 and 19044
Resistance: 20500 / 21000 / 21500
Support: 20000 / 19500 / 19000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
IMARGINABLE's Fibception Challenge - BTC potential plan to $300KHello GamblingView,
If you like this idea on BTCUSDT , please boost 🚀 or drop a comment, thanky!
- OVERVIEW -
Trade the ranges/breakout/breakdown shown on the chart and keep it simple.
Prices sub-$17K not worth mentioning at this point since it's not part of this plan.
- EXTRA NOTES -
Anything below $17K will mark this plan as invalid.
If price holds anywhere below $17K, I will be looking for other trading plans.
So, technically speaking, at this point $300K is the valid target, possibly a fantastic time to enter some longs just in case this plan works out.
- CONCLUSION -
Trade the ranges between the Golden Pockets (~0.618 -> 0.5 -> ~0.382 -> 0.5 ->~0.618 ...)
Anything below $17K is the invalidation point of this idea.
Anything above $70K could be a non-stop continuation to $300K.
Best, me.
Bitcoin on the way to 24.4k as first target$BTC still following the levels & on track to $24.4k as main target.
Volume rising too, so no signs of weakness there.
Once at $24.4k main question is if we will push to $28k, or go down to continue a range.
If rejected, this will be an easy rangetrade for swing traders.
That said, $28k is not that unlikely IMO. And if we do go to 28k, the VPVR indicates the move will be quick (meaning: it will be a steep climb, rather than a gradual one).
$28k will be a bulltrap if it happens, though. Sentiments will be affected quite heavily when we near $30k as people turn bullish, but it will be the local top of a bear market rally.
So I will be aggressive when it comes to profit taking at the important levels.
Using this 1D chart as orientation for now, and serves me well.
Hope it helps you all too. Have a great day!
$BTC profitable range for swing traders$BTC moving as planned thus far: stopping at all expected levels on the 1D chart.
I'm interpreting this chart as $BTC forming and moving in a HTF range. I am not reading anything bigger (like macro trend reversal) into the recent move.
This is a profitable range for swing traders. 2017 high is strong support so great long opening, and several obvious TP points along the way. Vice-versa also being the case with shorts.
BTC/USD : Reached the price void! BINANCE:BTCUSDT BYBIT:BTCUSD BINANCE:BTCUSDTPERP
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!
It's time to judge the momentum again!
$BTC has reached an S/R zone and above it, There's a Price Void located at $22000 - $22555.
So, There's less chance for $BTC to climb straight above into the higher S/R zone, Cause there're big selling orders located at $22000.
But if $BTC manages to cross above it, Then there won't be any resistance till it gets to the higher S/R zone.
Have to mention that, If $BTC fails to break above $22000, Then it might dive to the lower prices at $20175 to search for more bullish volume into it!
Price Void: Similar to Liquidity Void, But it's calculating the Void between the existing Liquidity Void and the filled Liquidity Void.
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
Possible short entry on Bitcoin rangeSeveral hard rejections at resistance (see red dots).
Rounded formation at resistance – indicated buyers exhaustion, favoring shorts.
Candle has yet to close and a lot can happen especially in those last ten minutes.
Possible resistance at 19760 - could be a first TP point. If bullish reaction there is weak (watch volume), I would let it run to 19620, which is where a high volume node is located (which often acts as support).
I expect strong support at bottom of range. If we do get there (we may not break through the high volume node) then it’s a good entry for long position.
!!Still, it depends on how current candle plays out!! Watch that for confirmation
**NFA**
New range forming on Bitcoin for LTFSo yesterday I posted an idea that said BTC PA is showing bullish weaknesss and may set the precedent for a new drop. (Idea is linked as related idea below.)
Reason why I said so was that there was an absence of any significant buyer reaction following the big drop we had the day before. PA was just weakly crabbing, with buyers showing a complete inability to overtake sellers enthusiasm.
Overnight (I'm in EU) this drop did take place. (Sadly, my TP was missed by a millimeter - but that's irrelevant to my point here ;) )
Point being is that we are now seeing the strong buyers reaction that was absent yesterday.
I think this is indicative we **may** be seeing the formation of a new LTF range.
I indicated the range in blue, the resistance zone in red, the support zone in green, and possible deviation levels as thick dashed lines.
It's very early to say that this will indeed be the range for the coming time. We need to see another high rejected at the level, and another low supported at the level for strong confirmation. And remember that Mondays and Tuesdays can be deceiving.
However, for now I'm using this as a main orientation for as long as it is not invalidated. What is particularly important to watch out for today is the reaction of the price once it hits the bottom of the range.
**If** it reacts strongly (which, taking into account the first reaction, I think it is more probably than not that it will), I think range is confirmed, and we can play it.
NFA, but I hope it is helpful.
Bitcoin rejected and possibly continuing range There are a lot of rejections, paired with volume decreasing here (1H chart).
If we drop below the indicated level, I'll consider it safe to keep playing the range a little while longer.
Not entering now, because even though you **could** catch a great local top, market conditions are not such that you can assume all too much about what "will happen". Its treacherous right now, so the environment demands you react as opposed to trying to predict. Thus, waiting for clear confirmation signals is key imo.
Simple trading setup from swing range- Determine directional bias from HTF
- Find high/low trading range from previous day
- Drawn in fib level to see premium/discount zone for entry
- Spot CHoCH in different direction of HTF (Potential to grab liquidity)
- Wait and see Price action with HTF bias (In this case is bearish)
- Price entered premium zone for open short position
- Wait for lower time frame BOS before entry
- Target imbalance zone/ Previous key level low/ Fair value gap (RR 2.65, not bad, since we get entry outside premium zone but more confirmation)
US100 Short Position 1h Scaling EntryThis is one idea on US100 Reversal on the Resistance line with scaling entry.
Zone seems like this:
Entries with 1/4 of total amount risked on after confirmation of:
1)Range resistance retest. (12531.4)
2)Smaller negotiation area resistance retest. (12395.6)
3)Breaking of smaller negotiation area support. (12332.5)
4)Breaking of the Sign of Weakness of smaller. (12198.7)
Stop loss above the Swing High. (12694.5)
Target on the opposing edge of the zone. (11707.0)