Bitcoin can continue to fall in downward channel to 92K pointsHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined from the support level a little below and then started to grow inside the upward pennant, where it at once broke the support level again and continued to move up. Later BTC reached a resistance level, which coincided with the seller zone, and even rose, breaking this level to 108700 points and then turning around. Price fell below the resistance level, but soon backed up and some time traded between this level until it reached the resistance line of the pennant and then started to decline. In a short time, the price fell below the resistance level, breaking it, and soon exited from the pennant also, after which continued to move down inside the downward channel. In the channel BTC rebounded from the support line and rose to the seller zone, where it some time traded and then continued to decline, breaking the 104500 resistance level again. Bitcoin fell into the buyer zone, where it turned around and made a strong impulse up to the resistance line of the channel. And recently price bounced from this line and continued to move down. So, I think that Bitcoin can move up and then fall lower than the support level, breaking it. For this case, I set my TP at 92K points. Please share this idea with your friends and click Boost 🚀
Short
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,840.287 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GOLD pair.
✅LIKE AND COMMENT MY IDEAS✅
FARTCOIN 4H After selling off heavily from the high FARTCOIN is starting look stronger at these areas.
Price has broken out of the diagonal downtrend resistance after sweeping the KEY S/R LEVEL demand zone. Now retesting the breakout for support, if it holds then a move towards the LOCAL HIGH BEARISH OB is the next aim for bulls.
After that a progressive HL & HH structure is needed to work up to the TP targets at significant levels later on.
Overall good R:R at this level from a chart TA perspective, my worry is that currently memecoins are out of favor because of the sell off so keeping an eye on sentiment would be important.
USD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.905.
✅LIKE AND COMMENT MY IDEAS✅
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.56600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.56600 support and resistance area.
Trade safe, Joe.
GOLD Will Collapse! SELL!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2833.1 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2791.9
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
CL - Crude Oil is approaching the Center-Line SupportAs mentioned in the previous analysis, we see that CL pushed back and comes right to where we expect it to go, down to the Center-Line.
Our job here is to observe how it reacts in here. Support at the Center-Line, or a blow through, or swinging around it?
Patience is key, and the observation time is very valuable, because we can learn from it and feed our stats.
Patience young Padavan, patience. §8-)
NZDJPY Is Very Bearish! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 86.948.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 86.145 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
SILVER SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so SILVER is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 30.622.
✅LIKE AND COMMENT MY IDEAS✅
USD/JPY SHORT FROM RESISTANCE
Hello, Friends!
USD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 154.530.
✅LIKE AND COMMENT MY IDEAS✅
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 106.159 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62400 support and resistance area.
Trade safe, Joe.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.04000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.04000 support and resistance area.
Trade safe, Joe.
DOGE DAILY Heavy selloff resulting in DOGE wicking the demand zone and the bottom of the range. For me this means two potential entry points:
- The range low revisit with a more steady curved move building a base to rally from. This is the best R:R entry IMO as it is strong support.
- A reclaim of 0.25 would set up DOGE for a move to the midpoint at which point I think it would be wise to take profits or hedge the position as there is no clear direction where DOGE will go. Also if this entry was triggered I would still be very wary of the wick at range low that needs filling.
GOLD Buyers In Panic! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2797.9 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2778.9
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
XRP DAILY XRP close to retesting the 1D 200 EMA for the first time since the US election. For now I can see a few key levels that create a smaller mini range made up of the DAILY RESISTANCE as the top, KEY S/R as midpoint and BULLISH ORDERBLOCK as the low which will coincide with the 1D 200 EMA soon.
- Current price action is extremely volatile so directionally it's difficult to tell where we are goin in the short term, but I would become interested at the extremes of the mini range.
- A LONG entry would be a more gradual revisit of the Bullish Orderblock and the 1D 200 EMA, that would be a great place to go long because the directional bias would be more clear and uncertainty cleared up.
- A SHORT would be a sweep of the supply zone and drop back into the mini range which would aim to go towards the midpoint and then range low/ 1D 200 EMA.
In general the next few days will be volatile, FOMO will be huge but keeping rational is important.
Traded UVIX This Morning, Just After Open. Position Closed NowIs CBOE:UVIX right for you? Would you also like to earn when the market is down? If so check it out, I traded $UIVX right after the open and have already closed the position. I usually don't day trade, but on a down day like today I couldn't resist trying the downside with Ultra Short Futures Options. These instruments aren't for everyone, & most people who own them lose money over time, so please be careful and only risk as much as you can afford to lose.
MSTR - Short again with two profit targetsP4 was a rejection at the Center-Line, the perfect short. To me the current situation commands me to add to this short.
BTC is weaker and in a scary spot. MSTR also weaker and on the way to the PTG1. This time, the add to my short is not a technical signal, but a gut feeling and a combination of the current world situation.
And hey, I maybe get slapped because I FOMO into this. But that's OK. Sometimes I need a little bit more Fun in the Game. I do such unintelligent trading when the overall performance allow me to.
Let's go Captain Ahab!!!