TIME TO SELL EURO !The price reached a corrective level for the bearish trend on the 4-hour time frame, forming a double top pattern and breaking the bullish channel with selling momentum, all of which are good setups to sell.
Shortterm
USD/JPY_SHORT-TERM BUY SETUP To confirm the end of the correction waves, we have to wait for the break of the resistance level 138.32
BTC Correction aheadHello ,
There are more reasons why a correction might occur :
Here are some of them :
- Stochastic and RSI Close to top on daily and all other lesser time frames. Only ones which disapprove this rule are weekly and monthly, but these apply for longer term strategies
- Low volume, still. Volume has increased indeed 40% from yesterday, but still not strong enough to go above the 25k
- EMA Ribbon tests at 24k. I expect a retracement from there, due to the arguments above.
- 6 figure number of BTCs were taken off exchanges in the last 30 days alone. Another reason of this occurring might be the Celsius scandal.
- We might reach 25k, or even 30k in the short term, due to a small W pattern
- Bitcoin dominance has shorted 10% in the last two weeks. Yet again, USDT Dominance has fallen more than double, 20%.
- Therefore, I see a probability for a new low, or at least retest the 17.5k is around 70-80%.
Thanks and best of luck ! Always remember - buy high, sell low.
I MEANT buy low, sell high.
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Euro makes corrections At the beginning of this week, the euro is rising, do we consider this to be a reversal of the trend?
The answer is no, the current market situation is selling, we should not fight the trend, but corrections can be in our favor.
On the EUR/CHF, the price reaches a resistance level and we record the rejection of the area. The overbought RSI indicator helps us to enter
GJ IS RISINGThe pair are rising for two weeks, after breaking the bearish trend and the supply level of 164.80. Which is a change of direction
price retest the key level Which is a good entry point.
DXY $119 target for short term Could we see the DXY target this curve metric all the way to $119? I am using a fractal as a visual for this possibility. This target has great resistance back in 2001 and 2002 as the DXY peaked several times. Interesting to see if we will respect this curved arch all the way through. This arch is parabolic till October 2022 if it respects the metrics.
EUR/USD correction or reversal ? New support was formed at the level of 1.000 last week, it cannot be taken as a major area, the upside trend in the short term is only a correction for the main bearish trend.
The resistance level of 1.020 and its intersection with the trend line 4h and the 0.5 Fibonacci retracement and the moving average of 100 and 200 on the 4H timeframe is a good entry point in the short term
BTC Long Term And Short Term AnalysisBTC LONG TERM - On the 1D I think if it closes above 22500 then it could easily go and test 26000. The volatility indicator is extending on the 4H which means it has legs to go further.
BTC SHORT TERM - On the 1H it looks like it has retested the resistance it broke (22100) if it closes above 22500 on the 1H i can see it going further upwards of 23000 before we get a healthy pull back.
BTC OVERALL - I think BTC is going to have a rise upwards of 23000 before we get a pull back then after the pull back we could be looking at 26000 if it puts in a healthy higher low on the 4H.
Let me know your thoughts in the comments and like my idea!!
EURUSD short minute ⬇️Its gold time to take a good profit but you need to see market can go more um where i write revers area but i don’t think so market can reverse from here lets do it
DHAMPUR SUGAR MILL - Short-term Trend analysisDHAMPUR SUGAR MILL - Short-term Trend analysis
1. V shape recovery, it falls more than 65% from the all-time high...
2. It May be in the over-bath zone.
3. If the stock opens and closes at more than 234 then it may have a short-term up rally.
4. Target is 317 if the market trend reversal.
5. Fundamentally good stock, maybe we can hold for the mid-term for a good profit.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Bitcoin in 1 Minute - Day 27Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
27 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BTC Long Term And Short Term AnalysisBTC LONG TERM - On the 1D there is a red spot but now it is at support and could bounce back up to the topside of the range. There is a green spot on the 4H so if it close's above 19900 on the 4H I can see it testing 20500.
BTC SHORT TERM - On the 1H it has closed above the 21 ema for the first time since 4 days ago. What we don't want to see is rejection at this point because that will make another lower high, if it does that then it could come further down. On the 15M it could have a little pull back down towards 19700 and put in a higher low.
BTC OVERALL - Overall I think Bitcoin will bounce soon as long as it close's above 19900 on the 4H
Let me know your thughts in the comments and like my idea!!
GJ STILL BEARISH The downtrend is dominant, Our main level is the :
trend correction breakout area
0.5 fibs level
indicators Confirmation double EMA 20 and 50 and RSI divergence
short term sell signalThe resistance level on the daily time frame prevents it from completing the rise, fake breakout of the neckline and the key level, and the break of the up trend.
good signals to go short
GJ SELL SIGNAL After bouncing from the weak support area, the pair is facing an extreme resistance level,
The main bearish trend is confirming the idea of selling.
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Bitcoin is during a bull run to 23k in the 4-hour chart. Bitcoin is during a bull run to 23k in the 4-hour chart. But in case it crashes to 16k. we may see a new bear run.
BTC Long Term And Short Term AnalysisBTC LONG TERM - The bullish divergence looks like it's playing out on the 1D and close above the 21 EMA yesterday which means it could go and test the 55 ema at 25000, so I don't think this bounce is over just yet.
BTC SHORT TERM - On the 1H it looks like it wants to put in a temporary top and pull back a little bit. There is a tiny bit of bearish divergence too, so that could lead to a little pull back on the shorter time frames.
BTC OVERALL - I can see BTC having a pull back today and carry on it's bounce later on today or going into the weekend.
Let me know your thoughts in the comments and like my idea!!
Bitcoin's Multiple Descending Wedge Setups provoking Rally?Macroeconomic backdrop::
With sentiment in markets rising slightly from peak fear, due to recession fear provoked significant pull backs in commodity prices. Providing a likely reprieve in expected rising inflation concerns. This might in turn, influence central bank interest rate decision makers, too slow the rate in which they hike rates. Although we can only speculate on their desired intensity to crush demand, growth and inflation. We can assume that some decision makers, will look for the right opportunity to ensure slowing growth rates globally do not over extend downwards. Likely pausing or slowing the tightening measure as inflation falls. This could provide the macro set up for a bear market rally to occur.
Bitcoin Long Trade::
In the short term we see a relatively small neutral wedge. The upside currently being tested at the time of this published idea. I believe that a breakout will occur to the upside, made viable by neutral to slightly rallying equity prices. The next significant resistance will be the bearish descending turquoise resistance line, that has been created from April and June significant rejections. This resistance line will be bolstered slightly by the falling 50 day moving average, which is lying close to this turquoise trend line.
Depending on the macro and equity set up at the time when/if BTC's price enters the orange circle area. Further progression to the upside or a strong rejection will occur. Although bear market sentiment might suggest the case for a rejection is more probable, a short squeeze could allow odd price action to occur.
This trade idea is enveloped in the larger descending orange wedge line. That might suggest a controlled further fall in this bear market. I believe that it will remain resistance if the global macro climate continuous to tighten, regardless of worries of over tightening and causing significant recessions.
Significant recessions might will naturally correlate with significant job losses. Further degrading global production levels and decreasing supply. It doesn't take a crystal ball or goats entrails, to forecast the enlarged social welfare programs that will arise to support the unfortunate of us that will lose our jobs, due to over vigorous tightening.
Best of Luck in your trading!
BIG SELL-OFF ON THE EURO The euro is descending to historical levels. Technically, all the euro pairs fall.
On EUR/AUD we see a break of the bullish channel and retest the support level
the weak support can't make a new higher high. It should turn into a resistance level.
more confirmation on indicators RSI divergence and triple EMA 50-100-200
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head and shoulders pattern Two of the best Signals for price reversal are perfectly head and shoulders pattern If the right shoulder is complete.
and the RSI divergence .
for confirmation and entry point Wait for the pattern to complete and close below the neckline.
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BTC Long Term And Short Term AnalysisBTC LONG TERM - I still think this bounce will carry on to about 21700, the 4H has printed a green spot and it's held the 55 EMA. On the 1D it still looks like it wants to test the 21 EMA at 21200, I think if the weekly closes above 22000 this week we could see a bounce up to higher 20000s.
BTC SHORT TERM - On the 1H it still looks bullish and looks like it wants to test higher with a green spot. It remains above the 21 and 55 EMA, if it stays above the EMAS I can see it testing 21000.
BTC OVERALL - I think because it looks bullish on all time frames from the 4H downwards I can see it going up to at least 21000.
Let me know your thoughts in the comments and like my idea!!
