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My Current Position in USD/CHF. Low RiskDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Daily Analysis: Still there is not much price action to base this trade off of on higher time frames except a big pin bar, but we can clearly see that there was already a huge drop in price in the previous few days and there could be a large amount of sellers that are still in the market. I am going to try and take a low risk trade with a tighter than usual stop loss to get me out of the trade early if I need to. There is a lot of Demand for the Swiss Franc right now and the whole world is at a stand still with the new Omicron Variant that is already becoming more and more relevant. We may see a big pullback in all sectors, or we could see a stable economy while dealing with yet another virus. Hourly Analysis: Price has shown continued momentum to the downside all while having small pullbacks to the upside multiple times throughout this push to the downside. As you can see the big bullish candle to the right of the arrow had closed well below the recent lows which are pointed out by the arrow, this leads me to believe that their is still going to be momentum left in this move and this could be a low risk but high reward trade. Thanks Again, KeySlot
Short
by KeySlot
XRPUSDT Analysis showing possible drop.XRP BINANCE:XRPUSDTPERP has been pumping as all the other coins since BTC tapped the 30k mark. The think we need to understand that based on the Market Maker Method, soon or later, price will retrace. Before every retrace we see what we call Double Top or an M formation. An M formation can signify the end of a trend, in this case, the end of the uptrend. Does this mean that I have to sell all my holdings? Definetely no, this is just a trading idea. I will personally take a short because I can see different confluences in the chart that makes me think we will drop from now. The confluences I see are: The first leg of the big M formation has lots of mini-M's in it. The first leg has stopping volume, in other words, lots of traders longed the top and they are trapped. The second leg of the big M formation has lots of mini-M's in it. The second leg has stopping volume, in other words, lots of traders longed the top and they are trapped. We already retraced to the 50 EMA (4h candles) and the 200 EMA (1h candles), meaning a reset and resistance. Also, lots of trapped traders who went long thinking the EMA would be broken. We have lots of green vector candles that market makers will recover when they want. Possible resistance on KDJ. Finally, we need to understand that the market has a cycle of 3 levels of uptrend, and then 3 levels of downtrend. The first three levels of uptrend have been completed, that's why we can see an M formation, now we are missing 2 more levels to the downside since the first one has already finished. Talking about take profits I will close my position at 0.9439 and 0.8974 since we have previous peak formation (W formation) and an nPOC (naked point of control).
Short
by chutireality
7
ADA bouncedThe previous ADA idea brings us some small gains but was pulled back by BTC drop. If you followed instructions and trendlines from my previous chart published, you could make this nice SHORT trade that made us 12% gains. Perfect bounce down from resistance trendline was our entry and almost perfect bounce up from support trendline was signal to exit... Now the price heading up, but it's highly dependant on BTC action... If not entered long on that bounce already, I recommend you wait for a break of that RSI descending trendline established...
by PhilosophersStone
INVERSE BTC CLEAR XABCD! DOWNSIDE POTENTIAL!Bitcoin has some downside big time if we can confirm this harmonic, as of now, not confirmed and i am still looking for 57000 target and if we break 57k we go to 62-63 and there is where we can DROP 15k back down, so play this smart! Dont trade against the ''IN YOUR FACE'' trend we have and you will be rewarded. If you havent been able to make a lot of profitable trades this year, you may need to understand that shorting btc right now is stupid unless you have 3-5 confluential levels from fibonacci levels to your D/W/M Support/Resistance Levels and having Volume or Market profile data in confluence with your levels even, HELL, I MIGHT EVEN NEED SOME ELLIOT WAVE SUPPORTING THE SHORT ENTRY COMBINED WITH EVERYTHING I ALREADY STATED! SO ITS DUMB SHORTING, UNLESS YOU HAVE THE DATA TO BACK IT UP. DONT TRADE COUNTER TREND IN A BULL MARKET. YOU ARE NOT THAT SMART. BELIEVE ME! GOODLUCK TRADERS and go make soime BITCOINS!!!
BYBIT:BTCUSD.PShort
by THEOPPS
1
Bitcoin short - target $39,200I’ve removed the wicks from the hourly chart because it’s easier to spot what is happening when they are removed. Notice the symmetrical triangle pattern on the chart, which is also a bearish pennant. Bearish pennants are bearish price action patterns that help traders identify whether price action is going to reverse or continue. If you look at #1, you can see that there was a massive bull trap initiated by some substantial price action breaking out above the triangle/pennant. Then, over the course of a few hours we saw prices move lower and ultimately back into the bearish pennant. I’ve drawn to red arrows to show the ‘point of no return’ for Bitcoin on this hourly chart. The left most arrow is where the Lagging Span is currently at. When the Lagging Span reaches $48,000 it will generate three massive bearish events. The first is when the Lagging Span closes below the candlesticks, the second when it closes below the Cloud, and the third when it closes below the Kijun-Sen. If those three conditions become true, then that means price has also dropped below the Cloud – creating an entry known as an Ideal Bearish Ichimoku Entry. Expect some swift action to the south. On the hourly chart, the RSI has failed seven times to cross above 60, having been rejected those seven times since yesterday (Feb 24th) starting at 10 PM EST. A similar resistance level can be seen on the Composite Index as well. What really makes this entire setup ugly is where the %B is at. The %B is just a hair above the 0.2 level. . When the %B crosses below 0.2, and the RSI is above 40 (currently at 46.6) – then we have an almost guaranteed short entry. The price target I have from this hourly chart is the $39,200 value area. But this is Bitcoin and we could see some random spike to 100k in a two-day period as well – but not likely.
Short
by itsjustanalysis
2