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Sideways

Destination Sideways? No problemo ✌️😃😸🤟CPI was out so finally we had some volatility but as explained before, destination is SIDEWAYS... Take a look at the last time, went sideways for weeks/months. Ina similar manner we expect sideways for days/weeks now again: Summer is almost here, time to enjoy life a bit more and get the right tools to make the best out of these conditions. When the market is in the range, like it is now, one need to be aware and able to adopt. Enjoy life and remember: ONE LOVE, The FXPROFESSOR
by FX_Professor
3
Long BTCUSDT (News) Quote: " Wise people tends to be profitable, smart people tend to be prove themselves right. " After btc hit the price of 31700, it went back to the whales support at ~29k , it will tempt people to sell again and trap sellers at support. At most, I see it will go to fill the gap at 28.9k, after that, we should forms support again and go back up since there is upcoming USD CPI news. Hence, I am expecting a sideway move again to try bottom sellers at support and getting excited that we will go to 25k. The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements. After the H4 had formed a leading diagonal based on wave principle, it make this sideways movement for people to think that it will go down further and tempt people to short. Then, it went up as predicted but some shorters and smart guy will sell it thinking that it is a bear flag and got rekt. Do not be deceived by the whales manipulation. We might drop slightly lower to hit 29k and forms support again. This manipulation by whales are food for them as retails traders getting liquidated easily. It is trying to make you think that we are going down, so that you will be shorting the support here. But , Do not get deceived by the whales!!!!! I realized everytime the whales push it back down to the demand, they will do this type of manipulation. The rectangle shows the strong demand zone at 29k whereby the broken resistance turned support and now we are back in this area. This is because they are accumulating shorts and piling up their btc spot positions for it to move up further. It shows a strong demand on this 29k area for bitcoin , It filled one of the CME gap but there is one more left. The whales are accumulating. It is trapping elliott wave and breakout traders to short here, this will bottom here. Long btc . Sick of this sideway obvious manipulation by whales. A lot of people had lost money buying optimism, lunc, luna and investing in scam coins and wanted to recover their losses, Whales had been defending this 29k level multiple times. Everytime, it hits this level, it will bounce back. Everytime, it drops below 29k , it will rebounce back, this shows a sign of strength where whales are accumulating. This might be your last chance to buy bitcoin at the dip before going to 100k. ( long term target). But first, the short term target is 33.4k as price target. Bitcoin created a retest of the broken support turned resistance with bullish candle with a clean candle to 31700 USD, this had pushed the price up to 31700 as clean candle as predicted. The whales will breakout traders thinking it will go down but it will go up. Do not short this but long instead, the manipulation is too easy to be spotted. This is very bullish , long bitcoin and take profit at 100k. To the moon. This should be the macro bottom. Simple whales with their obvious manipulation. Hence, btc should moon from here and target 38k . First target should be 34k . On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?! This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly! Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Long
by Future_Wei
12
BTC ANALYSIS Bitcoin in the range of this range represents a war between the buyer and the seller Compare the reaction when the seller tried to break the range down I see that the reaction of the buyers was stronger as we got a higher bottom than a bottom and the price went up and tried to break the range to the top and the buyers were able to form a higher top than a top above the range and the price fell But the seller's reaction was weaker than the buyer, so I expect the price to test the buyer's area and rise to the level of 35 thousand
Long
by ARABTRADERX45
1
JICPT| Crude oil moving sideways(buy low sell high)Hello everyone. Crude oil has formed a range as marked on the chart, with the bottom of 93.25 to 95.25 and the ceiling of 114.61 to 117.67 . The bottom has been tested once and bounced back with news that EU may ban the Russian oil. Now the war has been over 10 weeks. I have the feeling that the focus starts to move away. I recommend not doing anything as price sits in the middle of the bottom and ceiling. By setting up the alarm, we can reminded to have a look at the arrival pattern and price action then.
OANDA:WTICOUSD
by JICPT
0705 USOIL wkly plan to buy to 112-116 zone Hello traders, Being such a long time. Hope you guys all good with novel coronavirus in the last 3 years. I am back now! Check with USOIL first since war between Ukraine and Russia has push all prices up, exp OIL. This chart on 4H CHART for USOIL is telling a story that 112-116 will be the next target zone for buyers. USOIL has been running sideways since last Wed. This is a 2th ABC or Z correction. And all running above the support EMAS. It is very possible for usoil make a breakout up to test 112-113 zone first, then 116. Plans for next week on USOIL is to find out entry confirming signal on 30m/1H chart. Good luck to this plan to buy. Less is more!
TVC:USOILLong
by FUNTRADER-Vera
2
JICPT| EURUSD bullish setup on bottom of the SW structure!Hello everyone. EURUSD has been down by 15% from the peak of 1.23ish created in Jan. of last year. Now, it's approaching the the bottom of the big sideway structure with previous low around 1.0355 to 1.0479. My trade plan is as below: 1. bullish long setup: After hitting the zone(1.0355 to 1.0479), looking for signs on 4H for reversal pattern. 2. bearish short setup: if the zone(1.0355 to 1.0479) is firmly violated, it indicated that downtrend continues. The potential could be 0.95ish. As the mirror of the Dollar index, the EURUSD has been weak due to the Fed's interest hike and the war. Let's see if buyers jump in at or in the zone! What do you think? Give me a like if you're with me.
Long
by JICPT
ICP needs to range sideways to gain buyer confidenceICP has been one of the worst performing assets in the market. However, it has very strong fundamentals with a ecosystem that is growing at breakneck speeds. With all of the mistrust surrounding ICP in the markets, I think ICP in the short term is likely to visit ~$22, but NEEDS to range sideways for a considerable time gain buyer confidence again and make serious moves to the upside. The seller momentum is likely to be be high still and any gains seen may be quickly erased. So if ICP ranges sideways for a month or two it is likely to attract more buyers to and gain real momentum in the upside again. Bulls need to defend the $15-17 support range.
COINBASE:ICPUSD
by botkiller3000
1
Calling all Range Traders...Good Evening Traders, I hope you're doing well today. I wanted to give a quick update and clarification. As you can see in the chart above I had created 2 boxes. These are ranges I believe we will continue to stay in until the price discovery is more certain and market decides whether we're in a Bear or a Bull Market. Now, it's rarely talked about, because a lot of traders and investors see things in black and white, bull or bear, up or down; when really there's another direction and classification that I'd like to speak about. It has other names, but I call it a Ranging Market; this is when the market trades in ranges rather than trends; trends being uptrends (bull - HH & HL's) or downtrends (bear - LL & LH's) . What is a Ranging Market? Ranging Market's are opposite of Trending Markets (bull or bear), ones in which the price continues to move between higher prices and lower prices; the price action is range bound and moves mostly sideways. The range of prices can be small or large. If it's small price movement, it's typically referred to as chop, consolidation, or more plainly, 'sideways action'. Most only consider it for a short period, such as hours or days, but in reality they can last weeks or months. Now why the brief lesson on ranging vs trending markets? I believe we're in one, and they require a change to both analysis and trading techniques; we can skip the latter.Assuming I'm correct, which I could be wrong, knowing that we're in a Ranging Market (for likely a week or 2 more) should dampen the idea that a big breakout to the up or downside is right around the corner and any wave analysis may need some adjustments as well. With all that said, the above chart, which is still just a continuation of my January chart , shows the levels I believe we're still ranging. Let the 200MA be your guide. As the chart above shows , the H&S top (mid-candle right where the arrow down is on the left) that resulted in the 1st Lower Low (LL) shown, then moves up to hit a double top budding up against the 200MA resistance, then dropping to a recent Lowest Low around 410, bounced with high Relative Volume up... Went just above the trendline, pops back down quickly forming a double bottom... another weekly run up to the 200MA with a little more bullish confidence, moving just over the 200 to hit a fib/resistance for what looks like another bounce (although it is still hugging the 200MA, so we could see another try by the bulls, otherwise) toward the trendline around 439 or if that breaks 435-432. Just looking at the PA one might think, well obviously, it's a bear market..20% pullback..Going to tank soon...While the Bulls see we just hit a recent lowest low, that must have been the bottom... Neither are what I see. I see a bullish runup to the double bottom almost identical to the breakdown that followed, then a bullish gap-up, bearish gap-down, and yet again another bullish runup... Are we seeing a pattern here? Anyway, I hope you're doing well, whichever side of the trade you choose to be on. Comment, like, share, support, follow, etc. Cheers, Mike (UPRIGHT TRADING) Referenced January chart:
AMEX:SPY
by UPRIGHTTrading
Bank nifty long position Hi Traders.... Hope Everyone is doing Good :) Here are some important levels of Banknifty. As you can see yesterday Banknifty moves in a fixed range try to break 35800 level but can't... Today Banknifty gives a Gap-up opening and if you see banknifty on bigger time frame there is a good resistance at 36620-36750 Today's Trade and condition.... 1. If banknifty breaks the level of 36750 the only level where i'm comfortable to buy CE after this banknifty is fully bullish.. 2. If banknifty take resistance at the level of 32650 then go for PE 2. If banknifty breaks day's low then go for PE Tip: Avoid trading if you can't predict the market behaviour also if market goes sidesways totally avoid the trading. Save your capital. It's not necessary to trade everyday in the market.
NSE:BANKNIFTY
by StockSelection
We have weekend ranging on BTC again?!Last two weekends everybody how fallow me knows that we have been trading the range over the weekend. In most cases we are trading in the range over the weekend bacause of the low volume and lack of big players involvement. Just last week we have won 7 trades and lost just 1, i hope we are getting this weekend ranging market again. If you dont know how to identifay ranging trands you can look at my profile where i explained my strategy. I wish you good luck and trade the range until it breaks. Last week we got nice ranging, what do you think are we getting ranging again? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
by Mladen94