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Ranging

Riding that btc rainbowIt is a tricky place here for a pivot point trader with camarilla as far as the next large move goes. The general correction I could see having another low test at perhaps upper 40s or low 50s again. I could also see us breaking lower to 44k or even higher out of these range again. One thing Iwould like to point out along with this lovely chart. Is that the developing daily, weekly, monthly pivots are all forming around this price level together. Generally when this happens they wil all became at least a difficult or important resistance or/and support for the future. What are your thoughts on btc next move? please share /short term notice though. We have untested daily pivot and weekly developing pivot around 54k. and the 12hour local downtrend is still putting up walls around price action. I would expect those levels about 1k lowerr to at least get hit
COINBASE:BTCUSD
by Gunslinger2005
6
BTC bitcoin potential short term movesI think It might possibly play out with a strike of H5 which is the intraday targets that normally get hit after the H4 has already been broke. then it is possible it does the same thing in reverse for the weekly levels on the down side. Would synce up with linear regression channels. If you are intraday long your stop would probably be H3. if you are intraweek short you would probably use eithe rthe weekly H4 / Pivot range. or the coming daily H4 targets for the daily or weekly levels are both on the 5 or 6 side
COINBASE:BTCUSD
by Gunslinger2005
2
Week 12: ZSK2021 Ranging with a slight bullishLast week our target at $1440 had not been achieved, the price went down and made a retracement at the end of the week. Overall it is not a Sell yet, we are still within Buyers area ($13.90 to $14.24). The immediate Decision Point (DP) is at $14.24 where if it breaks, then we anticipated that it will go to our $14.40 level (which we will sell). If it doesn't break, then it will range within the buyer area. My view remains the same as last week, we look for the opportunity to short and feel free to scalp it while it is ranging. If you have a different view, let's discuss it at the comment area below.
CBOT:ZSK2021
by machintose
5
The Aussies: Is this another one-candle situation?Well, it is one candle at the leading edge. We cannot know if it means anything until stuff happens. Those who look for predictions that foretell the future are in the wrong game. In trend-following methodologies, one would ride an escalator down or up - on a smaller time frame that that shown here (to conserve losses). When you zoom out of this chart, you see a market struggling to stay afloat. That's usually not a good sign. The 4H ATR line is above the recent batch of ranging candles. This means there is bearish pressure in this market (on this time frame only). The bulls have lots of work to do if they wanna get above the 4H (amber) line. The trouble for the Aussies is that they are bounced around by a) the DJI b) the USTech100 and c) US Bond markets. That's why it looks so indecisive (at this time). They are normally most scared of the USTech indices. So watch USTech as well for a steer on probabilities on lower time frames.
FX:AUS200
by Captain_Walker
Week 09: ZSK2021 Price is consolidatingThis week 09, we will be using ZSK21 as a chart reference. There are few things that I would like to share: (1) This morning the price was continuing the rally and created a gap upon opening. Price gap normally is closed within a day or two; so for a speculator, you can use this opportunity to short it. However, please be aware that the overall trend is still bullish, if you are shorting, be mindful that you have to act fast. (2) Overall the price still has no direction and it will be ranging from $1,405 to $1,427 (3) I will be interested to sell if the price penetrated $1,384 I will update again in mid-week if there is a sudden change on the outlook.
CBOT:ZSK2021
by machintose
12
Trading a Ranging MarketBAND has broken its previous consolidation range only to enter another range. Let’s take a look at how you can take advantage of a ranging market! BAND Price Action BAND was one of the best performing cryptocurrencies in the first half of 2020. However, after its crash in September, the cryptocurrency has yet to regain its strong momentum. The token has ranged between $5 and $7.5 for almost four months. On January 6th, it finally broke this range, only to enter another one, this time between $7.5 and $11.5. Let’s now take a look at a strategy you can use to take advantage of this. Ranging Market Strategy You can use Williams %R on the 4h chart to find oversold zones and then use the MACD on the 1h chart to enter when the reversal is taking place. In short, the strategy works like this: when the Williams %R shows overbought on the 4h chart, take the next MACD buy signal on the 1h chart. As displayed in the chart above, this strategy can identify some great reversals. When it does identify reversals, the strategy can make significant gains. On the other hand, you may also get some “fake signals” that are too early and bring about large losses. Therefore, it is probably best to go with a tight stop loss to minimize losses, and a wide profit target and trailing stop loss to take full advantage of reversals. Disclaimer: This is just one example of a strategy that you can use to trade a ranging market, and is not a recommendation. Using this strategy in a bearish market will probably lead to more losses than gains. Suppose you want to use it in a bullish market instead. In that case, you can add the MESA or any other trend-following indicator on the daily chart, to make sure you only take trades in the direction of the trend.
Long
by cryptohopper
Week 04: ZSH 2021 We are entering a ranging weekLet's keep it short, this week the price will be in ranging mode. The range is between $1,338 to $1,280. If you have shorted earlier, you can take profit some of your positions and keep some until it hits full TP at $1,280. If you are a speculator, now it is a good time to Long (buy) the market, but you must exit at $1,338 area; then switch to Short the market. In general, when the market is in ranging, we can scalp it Up and Down. Trade wisely, Trend is your friend.
CBOT:ZSH2021
by machintose
4
If 18300 - 18400 are broken, BTC Will Start To FallBTC in ranging in previous days, so either bullish or bearish scenarios are still possible.. But there is an important area between 18300 to 18400 that I believe if BTC breaks them, it'll start to dump. By dump I mean the correction that we've spoke in previous ideas.. (I gave you the link below in the Related Links) I think this week is decision time for BTC.. we should consider some options for BTC decision: firstly, I think fundamental news and big company buying force of Bitcoin can give the bullish scenario a green light.. secondly, DXY (Dollar Index) is going low every day, Gold price seems to covering in previous days.. so maybe these reasons can give bullish scenario another green light.. But in technical analysis we should wait and see how the market will react!!! This is my idea.. What do you think???
by ArshiaZojaji
6