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Ranging

Patience is LONGSo in this image, I hope that you can see the obvious. We have a wide range that we could potentially be trading from top to bottom until one side breaks. My idea right now is that we still haven't taken out the range low, which would also take out some of the liquidity wicks. I've also added the downtrending range to keep in mind and backup my thoughts that this could just be a correction for a bigger jump to the upside. That's where I would look for: A loss of that level A reclaim ( possibly a swing failure pattern, ie, wick below and close above the lows ) A change of market structure A long trade entry This is assuming we come back down here, of course. If we don't, then we look for the top of the range for vice versa option or a continuation of this incredible bullish trend where we find support at the highs and continue on. Always keep in mind that we may not get the SFP and the close back above the lows, this could take patience if we start to see a back test of them laws, and a loss of that level. Losing BITGET:BTCUSDT.P $36,000 ish would look more bearish and we might even end up closing the CME gap below. Just sharing some thoughts, so you are aware of the range that we're in. Sometimes I miss these things and they could be really great opportunities for both long and shorts until one side breaks. This is not financial advice.
Long
by turnandshoot
EURUSD could turn bearishWith last week behind us, week 22, hopefully next week will be a little more volatile. Last week was quite unimpressive, to be honest, with only one day of actual volatility. Wednesday was a nice day for profitability and really one of my most profitable in some time. There are signs from Thursday and Friday, that the Bulls are going to push for the next session to drive prices higher. However, when you look at the order book on the buy side and see where the bulls have set up their levels of support for the upcoming week, there is a clear sign of uncertainty within their movement and they are actually planning for a lower than expected region. I suspect that next week's upcoming news events are going to play a major role in the decision making process they have done as they have moved their lowest support outside the their previous methodologies. With more than a 10 pip distance between a second and third level support, I think they are concerned that a good portion of next week is going to drive prices lower. The Bears aren't going quietly either or sitting by idly. They have already established a rough 10% resistance level in the orderbook. though it is only one level, I suspect this is going to change as the news events unfold. Time will tell, but I expect this week to be just as profitable, if not more so than a previous weeks considering the expected volatility.
Short
by RobertD7723
BTC/USDHere is a closer look at the BTC/USD 1 day chart: At the moment of typing this BTC/USD is ranging sideways within the range of around $31,479 and around $29,627 as highlighted by the Horizontal Dotted White Lines with Yellow Shading. BTC/USD is in a Ichimoku Y-Wave Pattern otherwise known as a Broadening Wedge Pattern or a Megaphone Pattern on this 1 day timeframe. We have contraction of the Bollinger Bands Upper and Lower Bands. Note that at the moment of typing this BTC has found support from its Middle Band Basis 20 Period SMA. I have added 2 Fixed Range Volume Profiles (FRVP). The 1st VFVP starts at the impulse from Thursday 15th June until Thursday 22nd June. Note that BTC is well above this FRVP POC (Point of Control). The 2nd is at the start of the Ranging Sideways Movement from Friday 23rd June until Friday 7th June. Note that BTC is below this FRVP POC (Point of Control). I have added a Fib Retracement Tool from the low at the start of the Impulse to the recent high. As you can see BTC/USD has found some support from its 0.236 / 23.60% Fib level. I have also added a Trend-Based Fib Extension Tool so you can see the various Support and Resistance lines for this tool with the high/low range i have selected. BTC/USD is still below its Least Squares Moving Average (LSMA) indicator. Note that the Price has not closed above the LSMA since Thursday 29th June. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line had crossed below its Signal Line on Thursday 6th July but both lines are still in the Positive Zone above the 0.00 Base Line. All in all it’s interesting times, at the moment of typing this BTC/USD momentum is moving within a Range: For the positive side: An impulse move upwards with strong bullish volume with a successful daily candle CLOSE above $31,479 and successful re-test as strong SUPPORT is key for a bullish outlook. For the negative side: An impulse move downwards with strong bearish volume with a successful daily candle CLOSE below $29,627 and successful re-test as strong RESISTANCE is key for a bearish outlook. I hope this quick BTC/USD post is helpful.
BINANCE:BTCUSD
by entertheroach
2
Bitcoin Potential Bounce at 27400 then falling to 20-22KMy previous posts were showing the scenarios of a fall to 29500 then 28500 then 25000. So we are on the 25K side, and I told we will need a further analysis to know what to expect. so here is a speculative first one: From my humble perspective, I'd say bears took the command since last week, I can see that from my weekly chart finally. So I doubt we will see price reaching or ranging around 30K yet. Much like a diver who propels skyward before their exhilarating plunge, Bitcoin's trajectory seems to echo this pattern. Anticipate an upward bounce toward the resistance level of 27,400, akin to the diver's swift climb. After reaching 27,400, we may see a fall to a range of 20,000 to 22,000. Time will tell. Don't take my work for granted, do your own analysis, analyze again then take your own decision to trade or not. PS: I've been deceived by the way bears refrained the price to climb above 32K, since in my early post a scenario to climb to 49K was possible, but the charts is saying something different now. So the overall sentiment is more and more BEARISH for me.
Short
by TradeWithAtemak
2
Be ready to trade this BTC range breakoutBTC currently chopping in this range and there have been some good trades to take the last few days. But the best, easiest, and most straight-forward funds will come as soon as BTC breaks out of this range. It's a simple range and price has lready swept the liquidity of highs and lows on this range so the next move out of the range is likely to be a trending direction and not a fakeout. Will scan altcoins so that I have trades prepared for longs and shorts, but for now just sharing this BTC range. Will make another post later about some trade setups. If you have something you are watching, feel free to comment it and I can check it out and add it to my list later if I like the setup.
BINANCE:BTCUSD.P
by Obscure_Trading
OXTBTC - Wedge Ranging for a While. Profits to be had!We can see the price of Orchid has tested it's strong downward trend line on multiple occasions historically, and has been rejected on every attempt. In reality there's only a couple of months left until this final section of the wedge formation OXT seems to be trapped in finally closes up and the price would then have to find a new natural trend. This can mean limited profits from lots of markets, but here we're seeing a very healthy 20-30% per swing from top to bottom of wedge, this is huge and you should expect some very healthy and quite predictable profits from this. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
O
by theCrypster
12
PAXGBTC 'D' - Ranging market followed by a huge 50% RisePAXG looks like it's going to ranging within it's current area of consolidation for at least a few weeks, maybe even months - there's still a potential for plenty of smaller trades within this range, but we'd wait for the upward trend line to squeeze this area of consolidation to a point of breaking. With plenty of support on the underside and not much resistance above, combined with an upward facing trend line in which the price has bounced off numerous times historically, it looks to us that when the price does break, it'll break upward - with the next level of strong resistance being a huge 50% above the current trading price. Let's wait a couple of months and see what happens! What do you guys think?
Long
by theCrypster
XRPCAD 'D' - Stuck in new Range Until Feb?Could we be looking at XRP being stuck in this ranging area between 0.39-0.49CAD for the next couple of months until this descending line will be squeezed to breaking point? Quite possibly. This area has proven to be a ranging area for many months historically so a natural settle here was inevitable; Crypto Tipster v2 is currently showing a Sell signal, but the question is will the price go up again to get a better Sell entry price, probably, but are you going to wait? You could grab an easy 10% here.
Short
by theCrypster
Will We "Affirm" A New Direction This WeekWill We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week? I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock. Bullish divergence on the daily chart. AFRM is in the buy zone. AFRM is in a range on the daily chart. Outcome Expected- Break from range through the upper channel *Identified risks- -It will be very important to watch price action because the stock is currently trading below the 200, 50, 21 and 9 moving averages. Hence, the reason why I will be making a safe entry once the stock moves above the upper trendline or 9 MA. -AFRM is ranging and I wonder if it will continue to do the downside as a continuation from the inverted cup and handle pattern or make a shift to the upside -AFRM has earnings on May 12, 2022. I look forward to watching what happens with AFRM over the next few days.
NASDAQ:AFRMLong
by MrALtrades00
1
We have weekend ranging on BTC again?!Last two weekends everybody how fallow me knows that we have been trading the range over the weekend. In most cases we are trading in the range over the weekend bacause of the low volume and lack of big players involvement. Just last week we have won 7 trades and lost just 1, i hope we are getting this weekend ranging market again. If you dont know how to identifay ranging trands you can look at my profile where i explained my strategy. I wish you good luck and trade the range until it breaks. Last week we got nice ranging, what do you think are we getting ranging again? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
by Mladen94