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Bitcoin - This week 10% pump or 10% dump! (BREAKOUT) This week is going to be huge! We have this head and shoulders pattern that is ready for a massive breakout. I give it a 70% chance of breaking down and a 30% chance of breaking out of this pattern. The most important thing is to let me know in the comment section what you think about this upcoming crash or pump! Up or down? Bitcoin is on the road to 20k and potentially 15k later this year if this pattern breaks down, so for the bulls, it's important to defend this support and start a new uptrend from here. As you probably already know from my previous ideas, September is the worst month for Bitcoin, with an average negative return. That means the price of Bitcoin usually goes down in September. This is a statistical fact, but of course it's not a guarantee. It's likely for Bitcoin to go down based on historical data. The halving event in April next year is still too far away, so you cannot rely on it. Most likely, we are going to find the bottom on Bitcoin in March 2024. This is a quick update on the price of Bitcoin. I always give you a complete outlook for Bitcoin to stay updated on all time frames. From monthly to hourly. Make sure you follow me so you do not miss out on my next update! We all know that the price of Bitcoin can sometimes become very boring when it's stuck in a range and volatility is at its historical minimum. But it is how it is, and that's why if you are a crypto trader, you can trade altcoins as well for diversification purposes. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
147
trading Bitcoin within a trading rangetrading Bitcoin (BTC) within a trading range or "box." Here's a breakdown of your strategy: Entry Point: Buy Bitcoin when its price reaches the bottom of the trading range or the "box." This implies buying when the price is at the support level of the range, which is a common approach in range-bound trading. Exit Point: Be prepared to sell Bitcoin if it closes a trading day outside of the box. This would signal a potential breakout from the range, and you aim to profit from the price movement that follows the breakout. Emergency Stop Loss: Set an emergency stop loss at 2 Average True Range (ATR) levels below your entry point. This stop loss is designed to limit your potential losses in case the trade moves significantly against you. Price Target: Your target for taking profit is the 200-day Simple Moving Average (SMA), which you expect to act as resistance. This means you intend to sell when Bitcoin's price approaches the 200-day SMA.
BLong
by rjuliochile
Bitcoin - Secret patterns for professional traders! The price of Bitcoin is forming a head and shoulders pattern inside this descending parallel channel! Both of these patterns are bearish, so the probability of going down is really high at this moment. To become bullish, Bitcoin needs to invalidate both patterns. Then we can think about a long position, but at this moment, not at all! You probably want to trade with a trend, and the trend is bearish on this particular timeframe. But in the immediate short term, we could go up to form the right shoulder of the major pattern; of course, that would be an excellent opportunity to short bitcoin at a great price! Where is the profit target for the big short? I already market it on the chart, and it's between 23064 and 22853 because it is the POC of the previous expanding triangle + 1:1 FIB extension (wave 3 -> 4). As per my Elliott Wave analysis, last week we printed a new impulse wave, which is very clear and visible. Everything in confluence suggests that we are bearish, and continuation of the downtrend is extremely likely and almost definitely a guarantee. Sooner or later, we will break the support of 25k.  This is my outlook on BTC for this month; do not forget to let me know in the comment section what you think about it and if you are prepared for another crash. I need to know your opinion! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
91
AUDUSD: Top-Down Analysis & Trading Plan 🇦🇺🇺🇸 AUDUSD is currently consolidating within a wide horizontal range on a daily. The price is approaching a support of the range at the moment. I spotted one more range on a 4H time frame. A breakout of its resistance can be a good confirmation to buy the pair. 4H candle close above 0.6405 will confirm the violation. A bullish move will be anticipated to 0.6437 / 0.646 levels then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
BluetonaFX - AUDUSD Looking For DirectionHi Traders, AUDUSD has been stuck roughly in a 165-pip range for the past few weeks and is looking for a direction to continue in. Looking at the price action on the 3H chart, we have drawn the supply and demand zones for you to see. There have been numerous price rejections at the supply zone; the demand zone is at its yearly low of 0.63574. The price action is leading to the bearish side for a few reasons: firstly, the market has rejected any upside push to the supply area around the 0.65000 area; secondly, there has been no momentum push to the upside when the market reaches the demand zone, which indicates a lack of buying power; and lastly, we are still under the 20 EMA. That being said, to continue with a bearish bias, the market must break the yearly low at 0.63574 with momentum to continue down. If this does not happen, there is likely to be price rejection here, and we are likely to head back up towards the 0.64000 area. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
Bitcoin will go UP by Falling Wedge Pattern🚀(15-Min)🏃‍♂️Bitcoin has been moving in a Rectangle Pattern for over 36 hours , although we have seen 🐮 Bull Trap 🐮 and 🐻 Bear Trap 🐻 in this pattern. ➕Bitcoin is currently moving near the lower line of the Ascending Channel and the Support line . ➕Also, in the middle of the Rectangle Pattern, Bitcoin has succeeded in forming a Falling Wedge Pattern . 🔔I expect Bitcoin to Attack the upper line of the Rectangle pattern after breaking the upper line of the Falling Wedge pattern. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
91
SILVER (XAGUSD): Important Key Level to Watch 🪙 Silver is currently testing a key horizontal demand zone. Taking into consideration that the market is quite oversold after a strong bearish rally, we may see the pullback from the underlined area. Your confirmation to buy will be a bullish breakout of a neckline of a horizontal range on an hourly time frame. Hourly candle close above 23.2 will confirm the violation, a pullback will be expected to 23.33 / 23.45 levels then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAGUSDLong
by VasilyTrader
3
Seizing the Opportunity on AUDJPY Triangle Exit or Entr"Capturing Potential Gains: AUDJPY in the 1-Hour Channel, Triangle Formation, and a 1:2.65 Risk-Reward Ratio Strategy. Currently trading at the upper boundary of its channel on the 1-hour timeframe, nestled snugly between the 50 and 200 EMA lines. The chart reveals a triangular pattern forming. You have two options. the patient approach: Wait for AUDJPY to make its move out of the channel, then re-enter upon a retracement. for the more aggressive one. Seize the opportunity now, while the price rests near the channel's upper limit. The Risk-Reward Ratio stands at a promising 1:2.65 Set your first Take Profit (TP) level equal to your Stop Loss (SL). When TP 1 is reached, move your SL to break-even, and decide whether to manage your trade manually or wait for TP 2 to hit. "Remember, your Stop Loss is like wearing a helmet while riding a bike – it's your essential protection in the trading journey!"
Short
by Eng-pips
AUDNZD: Your Trading Plan Explained 🇦🇺🇳🇿 One more instrument that we discussed on the today's live session is AUDNZD. The market is currently testing a confluence zone based on a rising trend line and a horizontal support. To buy the pair with a confirmation, wait for a bullish breakout of the resistance of a horizontal trading range on an hourly time frame. You need an hourly candle close above 1.0859 to confirm the violation. A bullish continuation will be anticipated to 1.0878 then. Alternatively, a bearish breakout of a trend line will be a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
4
$SPY September 6,2023.AMEX:SPY September 6,2023. As expected, 449 was held and on upside the last fall 453.67 to 449.68 the retracement was held at 61.8%. We have seen many times that in lower time frames like 15 minutes the numbers always retraces back to 200 averages and a swift move happens. The fall 453.67 to 449.68 has 452 as 61.8% retracement. AMEX:SPY closed below all moving averages and 200 is sloping upwards. Hence i expect 446-447 as target. This supported by stochastics black bar at bottom. Elliott oscillator red and CCI red. Now we had 2 numbers 452.83 and 453.67. If we take them as wave 3 and wave 5 top then ABC is on. 449.18 to 451.06 to xxxx being C. That i expect to be around 446 levels. All numbers valid without gaps as usual. For the day i will short 451-452 levels SL 453.8 levels for 446. Else If 449 breaks, then will take a short for 446 levels. No long today as per current chart in 15 minutes until 454 is crossed.
AMEX:SPYShort
by RiderTrader