XAUUSD short I see a nice potential short position at the NYC opening tomorrow theres low volatility as its Christmas but a nice supply area will be our entry and it'll also be a 78.6% retracement on the previous drop into demmand. The short term POC is also below price around our TP. 1800 will be a tough level to break.
Retracement
Bitcoin need retracement before 50K+Hello Traders!
Bitcoin is ready to give some retracement as it has broken the S/R level but it never tested back so it will come back after exhaustion.
According to my theory, the market never abandons any S/R level and the Market leaves its print on every S/R level. In this case, 46579 S/R level is still unused and the market will come back to leave its print above this level.
The market always forms multiple patterns before coming back to the level.
Don't forget to hit the like bottom and follow to stay connected.
Potential Crab Forming 🦀USOIL - Potential Crab Forming, after yesterdays bearish move price rejected from the Daily demand zone and is potentially going to continue it's bullish run, I'm waiting for a fakeout/pullback with LTF before potentially swinging this long! (I will probably scalp the LTF both direction with confirmations)
Let me know your thoughts?
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
NKE Short to 61.8 Retracement. NKE tried to consolidate and break higher but has since failed. Consolidation broke to the downside and retested the support on a long wick. I believe this trade is short as long as we are below 166. The target to the downside is the 61.8 retracement level at about 158.
BTC My Humble Future Price Prediction In this idea i want to present how i personally see the price of BTC to behave especially after the abc retracement and alt season. Price will of course behave much differently than of what is shown on the chart, also from the time perspective. The main purpose of this is to show that this bear market can last much longer and get MUCH deeper.
Usually btc is expected to eventually correct down into the 13-15k, which would be the normal 85% correction from its ATH, but..... i know you gonna hate what i am about to say ...
Right now it is absurd to think btc can see 2.5k at one point in time, but let me tell you this... btc has never experienced REAL stock bear market. Usually during the btc bear markets, the stock market went sideways more or less, then up again as btc went on the bull run. Dow is expected to collapse below 2008 financial crisis (explained in previous ideas abot DJI) like it did in 1929 where it went below 1921 bottom (now days 2008). Till then it is yet to be seen what will happen to crypto if all this is to play out in the future. I would personally see this as the best investment opportunity of our lifetime.
Stay safe.
I am not a financial advisor so non of this should be taken as a financial advise.
BITSTAMP:BTCUSD
BTC Looking For A Possible Short Squeeze To HappenI know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is also a low possibility, that we could just broke 42k from here and finish the crash then go into a retracement, but i highly doubt that. I still expect prices to fall into the 33-38k, depending on how laveraged BTC is or will get especially if we get that massive short squeeze. A lot of retail investors will get euphoric on the squeeze and will open over laveraged long positions right at the end of a squeeze. What comes next is a massive liquidation event largely because of over laveraged market.
I am not a financial advisor so non of this should be taken as a financial advise.
BINANCE:BTCUSDT
Will Harmony repeat the last run?During the first run Harmony reached a 5100% increase and then retraced to 0.61 Fibonacci within a symmetrical triangle.
This led to a breakout of the triangle in a positive way by proposing a new run that led us to an increase of 459% .
It currently appears to be heading towards a retracement in the 0.61 Fibonacci area within what appears to be a new symmetrical triangle .
If it continues inside the triangle we could expect new All Time Highs between May and July 2022.
Otherwise, if it were to break the pattern, we could find ourselves facing a bear market period.
Fibonacci levels giving crazy levelsIf we do a fib retracement from ATH to the local bottom of 30K we can notice that the middle top is located a 0.38 fib level.
If we then do a second fib retracement but this time using the 40K local bottom and align the 0.38 with the ATH we can see that it's targeting 110K
I'm not betting my life on this analysis but it's interesting to see what would happen if it played out.
ETH Bullish And Bearish Scenario - ETH In The Gray Area Eth is at really hard place right now. As with BTC its market cap chart has already extended aver all major fibonacci extension levels (will show the chart later in the update of this idea). While i am confident that BTC has entered a bear market, i am a little less with ETH. Imo there are two scenarios for eth, one is bullish , the other one is bearish . Whatever scenario first happens i think in both the price will likely pump a bit to retest a previous capitulation point (blue area). After that we should fall with BTC . If ETH is able to find support in the yellow area we should be able to eventually set a new ath , but not go above 6k as eth is very overvalued as it is with BTC . If we don't hold and fall in to the orange area or even set a new low, you can be quite shore that also eth has entered a bear market and the money will flow from BTC and eth into the rest of the alts as they are going into a ABC retracement.
Again with BTC a am shore we are done, but not so much with eth as we need more information of the price in the near future.
BINANCE:ETHUSDT
BTC My Personal View Of The Price Action For Next Few MonthsI expect BTC to eventually fall through this orange rectangle price area, like it did right after setting the ATH at 69k. Retail investors still have a lot of hope that BTC price will somehow recover from here and that is not usually the sign that we've bottomed yet. After capitulation i expect the price to first reach 0.618 fib. retr. lvl., then have a bit of correction, only to recover to right about 0.702 fib. retr.
Obviously price will almost certainly behave differently than what i have shown on the charts. It is just how i visualise it at the moment.
Below in the update a will show how such ABC retracement happened after BTC reached its ath 2013/14 and 2017/2018.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:BTCUSDT
BTC Has Finished Its Bull Run with a $~69000 for 2021.In my previous ideas about BTC i specifically sad that in order for btc bull run to continue we must hold 53k so we don't invalidate 5 elliott waves . With the recent liquidation event falling to 42k we can now say that btc has entered a bear market. I don't think 42k is a bottom yet. We could very well drop further into a 35k area. After that if we start recovering, we can then assume btc has started a retracement, usually this happens in a ABC fashion to the .702 fib. retracement level that is extended over the ATH and the new low.
With the Altseason i expect laggers to lead the show like XRP, DASH, EOS, BCH, IOTA, and all that haven't had their rusn yet and are still very below their previous 2018 ATH.
If we see, (which is extremely likely) altcoins start popping like crazy as btc strats recovering it will further confirm btc is in the retracement and therefore in a bear market.
Just so you know, this expected ABC retracement for BTC could take quite a while, even up to a year. With that sad, i expect btc will re-visit 15-13k prices, or in a case of a stock market crash (which btc also have not experienced yet) we can go MUCH lower. Also bear markets are faaar harder to predict than bull ones.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
BINANCE:BTCUSDT
Potential Shark Forming 🦈🦈US30 - Daily is bullish so I'm looking to trade the retracement before potential continuation, currently have bearish momentum and a nice shark that lines up perfectly with the .886 pullback (This zone also has lots of confluence for a HTF continuation.
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.