Sellers
XRP/USDT CRITICAL MOVE
XRP is always known for being delay and not doing good when everyone else is... but when everyone dumps and btc dumps this XRP goes along with it. It is a sign that people that holds XRP esp whales are active seller to accumulate more... than just hodling these assets.
Pattern: Descending Triangle
Could be also flat bottom, three tops.
if the 200MA is a strong support, which is normally should be... what happens is it may get back to the triangle and retest that trend line we failed
to break before. But I am still not selling... I will just forcus on planting and gathering more XRP or just accumulate to the support zones.
Thank you :)
3 VALIDATION POINTS ON THE DOWNTREND (bearish strength) BTC Hello traders,
We've now seen a nice rejection from the downtrend that started on June 18th, and confirmed a 3rd validation point and are now just above $34,000.
If this continues we probably see $32,000's within the next 24-72 hours depending on how price action develops, this is also where 10x longs get liquidated and we haven't seen a sell of since June 29th (7+ days)
Sellers seem to be in control and we may have a reversal in play here.
Please like/comment to show your support.
👍
EURUSD H4 - SHORTEURUSD H4 - SHORT
Price came back to our key structure. However, it is looking bullish now therefore, we will wait for a depletion of the bullish pressure and wait for sellers to come in. With more bearish pressure, we may look to enter this trade.
Do not enter trades blindly. If the bullish pressure is strong, wait for a depletion before taking a SHORT.
A quick example of xauusd for possible shorting positionHello traders
In this case we are looking gold trading idea from overall bullish direction.
From first H4 breaking - Daily whales were not looking interested in defending own demand zone. Because it's hard to know whether is just a tricky part or not
At daily recent Lower Low 1798.73$ - 4 hour whales tried first breaking move and failed. Daily whales bounced back but not sharply.
!There is a question mark! Are daily's still alive and they are hiding behind the whole scene or daily's are out of gas and need ''lower rest'' because of not proving strong power at time 4 hour whales tried to break recent lower low support level at 1798.73.
This analysis can be traded from contra trade perspective if H1 confirmation prove its retracement (more in disscussion room). If not, we still should be on overall bullish side and wait for right timing and more data.
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SELLER IN THE GAME, GOLD CHANNELS IDENTIFIED | GC1! DAILY#goldtradingidea #tradingidea #gc1! #comex #futuretrading #gold #election #chartpattern #trendanalysis
We have seen very strong sellers entering in the market of GC1! Gold Comex Future. The gold has broken the red line to trend in a new channel.
The new horizontal #trending #range of the gold probably follow a logic pattern, as you can see when we do some extensions to the top, we perfectly arrive to the maximum price reached this year.
The green top line is where the gold could probably go, same for the bottom middle black line.
The Gold is at the moment in a very #importantzone. Follow up on this red line which is a super #strongresistance right now. Above $1927 there is a strong probability to see the #goldrise from there.
For the moment be careful at sellers tricky moves on the GC1!. The are sqeezing down and disappearing.
Hope my chart helps you have another vision on the Gold. Thanks you for the shared and the interest shown. See under some extra information on the lines.
Green Top Line: The sky for the Gold Future Price, not reached yet. Beware everything is possible with the Gold.
Black Lines: Very strong points in the recent history of the Gold GC1! Comex Future. At the moment it is the strongest nearest bottom point.
Red Line: The strongest point of the GC1! Gold Future at the moment.
Dotted Lines: Channels in which the gold has been evolving and potential future channels
Green Circles: Critical moments for the #GC1! #Gold #Comex #Future
GOLD SELLERS LINE IDENTIFIED - GC1! - DAILYThe general trend of the COMEX GOLD FUTURE is still valid as an uptrend as soon as it is above the blue slope support.
The red line marks the most important line where the sellers won't let the market go above.
The yellow metal have seen recently strong sellers push and have revealed an area (The red line) where the fight is going on between sellers and buyers. Going down further and passing the under pink rectangle zone would probably mark a strong validation of a declining price.
We have seen in the past strong downtrends stretching and erasing all seller by squeezing them up, to then, return again above the blue up trending slope. So beware of any surprise.
For the moment, we are observing this fight at the red line zone. It would probably better to look at the fight and jump on the spot with the winners. Possibility of easy trade and a profitable one.
Hint: the volumes are a bit down since few days, probably it is a good idea to follow up on any significant increase of them...
$MNQ_F 3-Press Top Deep Dip For SellersPrice is beginning to show consolidation and range mentality. This could be a significant low reversal area in the bigger scope, but in the nearer term there is potential for a short push back. Normally, I would be looking for a move back to lows and potentially further but with the strength of the double bottom, I don't want to get caught getting stuck at the lows of a reversal which narrows in the targets for now.
GBPUSD Swing SetupAfter reaching yearly highs, GU met resistance at 1.31500 which formed a double top formation on the higher timeframes. With the DXY showing a bullish market after yearly lows last week, Sellers are beginning to take control of the market. I am looking to swing this pair down to previous resistance at 1.27550. I am also using the confluence with Fibonacci zones to get a 5:1 RR. I will be holding this trade for a couple of days and add more positions as price makes its way down to TP.
AUD/USD is about to pullbackWe've got 2 possibilities right now :
either AUD/USD is going to break the VWAP and decreasing or it 's going to pull back which means that there's a correction currently.
The volumes are particularly lows which indicates the sellers are there but lack of strength.
A confirmation from the market is needed to that point to sell or to buy with confidence.
There's no strong signal yet to do it.