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BTCUSDT - Short Idea for the Next WeekHi all, This is my first post so please take it easy on me! Here's a very rough idea of what I think may play out over the next few days. Share your thoughts and let me know if you have any ideas on how I can improve my TA/Harmonic usage! I believe the recent bullishness in BTC is a fakeout/relief due to yesterday's drop. I'm looking to short BTC once we hit the 19400-19800 range and expect it to fall to the 17300 - 17900 area. Good luck! Also, this is not financial advice, it's my first chart. lol.
Short
by CryptoBum999
1
NEARing the bottomRecently, I made an analysis on NEAR where it was trading within an ascending channel. It traded inside it for a short amount of time but eventually broke out of that channel and has been trading within the descending channel shown above. I expect that NEAR will continue to trade inside this channel for the short-term but is approaching a short-term support zone at ~5.17. If it holds, NEAR can push toward the upper bound of the descending channel. If the support does not hold, NEAR can continue trading downward in the channel until its next major support zone at ~4.57. As always, this is not financial advice and all information is for educational purposes only. Please feel free to leave any thoughts and comments below.
by kush23456
USDCHF It will return to support Welcome back! Let me know your thoughts in the comments! **USDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2
DXY - Bearish OB on H1Comment Ideas and/or any reasons why you would or wouldn't take this trade! Going short on DXY. Setup 1 : Sell Limit @ 107.219 S/L: 107.495 T/P: 105.476 Profit/Loss = 6.32 Setup 2 (Lower-Risk): Sell Limit @ 107.319 S/L: 107.531 T/P: 105.476 Profit/Loss = 8.69 Why? - Retraced back up past 0.79 & 0.759( OTEs ) on Fib filling market imbalance left from previous sell - Market imbalance left behind from previous buys (FVGs) - Current momentum is Bearish - Strong rejection from Bearish OB Why not? - DXY did not break market structure to make a new low - not required but good to have as confirmation for direction - DXY has the potential to break bearish OB and create a new high - New low has not been made on higher timeframes - Lower timeframes are not as reliable as higher ones -------------------------------------------------------------------------------------- Remember, only risk up to 5% of your account per trade. There are two potential setups for this trade so if you are going to take one, it is almost always better to place a lower-risk trade that you might miss than a high risk one that has a higher risk This material is for educational purposes ONLY. Trade smart. -------------------------------------------------------------------------------------- Glossary: OTE = Optimal Trade Entry (Most opportune place to enter a trade) OB = Order Block (Where price is likely to make a reversal) FVG = Fair Value Gap (Gaps left when only sellers/buyers were moving price down/up)
TVC:DXYShort
by ChadBramhall