BTC/USDT Weekly Timeframe Analysis
Hi Dears
Today let's analyze the bitcoin chart by RTM Method and in the weekly timeframe .
If you look carefully to this chart, you can see the resistance level (SR Line) at around 28800 that the price pulled back to it twice (Jan 2021 and June 2021) . This level was broken on 9 May 2022 and the price failed to return to its uptrend so the bear FTR strategy is made. The green Pin bar that is closed on 30 May is our FTR Zone that the price has not pulled back to it yet. This zone is the range between 29200 to 32200 dollar. The price is reaching to that zone so we expect a bearish reaction when it reached. This is a key level for making short position.
Also we have another SR LINE at the level of the 25100 that the price engulfed it on 13 Feb 2023 and it made a bullish FTR on the zone between 19600 to 21200. This is a key level for making long positions.
Don't forget to take a trigger when the price reached to that zone and then TRADE it. you shouldn't do anything without trigger.
Sincerely
Hosein Poursaei
Srlevels
GBPUSD Short! Trend is Bearish regarding daily analysis.
There is a broken zone around 1.2437
The zone was broken by an engulf which leads to a base and a DBD!
The first shorting chance was around 16th of Jun.
A new SR has been formed there
A minor SR could be find a little lower of around 1.2342 Markets may fill the stop hunt of it.
We see a compression in the bullish move and the zone may work again.
There might be some long option at the green zone nut enter them after a confirmation.
For having a risk managing strategy you need a evaluation of win% and average TP-to-SL, so trade regarding your own knowledge and experience so you can manage your experience and knowledge and use this post like an educational reference !
$LINK: Will the $30 level hold?Hey yall, it's been a minute since I posted a $LINK chart so I'll show you what I'm thinking about at the moment.
Overall market sentiment was pretty bearish for a moment there. However, I think that was a result of a massive inflow of new money via doge and scam BSC / cake swap tokens that were blowing up on tictok etc. Massive amounts of overleveraged new traders === obvious correction. In bull markets we want to see 20-30% corrections. That's weakness leaving the market and floors being established. How low will this coin go? Did it find a strong support? Or did it just keep going down like doge did from 40 cents all the way to 15 cents.
$LINK has been slowly climbing the pitchfork that I drew in the post that I linked as a related idea. We're still actually within the median and the upper 0.5 prong. Which is very solid. We're also seeing a pretty strong support being respected at the $30 dollar mark.
So trading wise? I'm accumulating more spot. I want as much $LINK as I can get before staking arrives. In lower time frames? We want to see 30 dollars respected. We also want to see the PA reclaim the middle band from the bollinger bands. And finally we want to see the 3 period Supertrend flip back to bullish. If all 3 of those things happen? I'll be entering long positions with a minimum price target of previous ATH.
I'm posting this as a neutral position for now though, because there's too much BTC volatility to really see a clear trend. Trend is your friend for trading. Long term? $LINK is the most incredibly important crypto in the entire world. It is the foundation for which all of defi is being built upon. $BTC will always be important and massive... but #DEFI will dwarf the bitcoin marketcap by orders of magnitude. $LINK will be in the center of all of that.
Time to Buy Gold?The Extreme Turn showed up on the Gold Futures Contract near a KEY SR Level .
The last time we got this setup price rallied 175 per contract to our current SR Offer Zone 1940-1955 in 37 days.
Now the Extreme Turn fired as we approach the Bid Zone again with targets near 1840 for part and Extended
Targets to 1945 on the balance.
OPTIONS TRADE can be expressed as AGGRESSIVE Feb GLD 170C at $1.35
Dax daily: 22 Jun 2020The last session of the past week turned out well for sellers. They managed to get down to a support level at 12 151 where we saw a slight correction before Dax broke to the downside and closed the week lower at 12 112.
Important zones
Resistance: 12 151
Support: 11 829
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
After a long time, today's session opened without a weekend gap. Dax hasn't moved anywhere yet to determine the initial directional push. Following Friday's session outcome, we slightly favour bears now. Their target could now be the previous fair value from 15 Jun, laying at 11 829. Our upper S/R zone will certainly be an interesting one as it could be a decisive factor between buyers and sellers. Should the price return back above, Dax would trade in the same consolidation range where it was last week.
Fundamentals are no good for this pair anymorePure price action here. Try to get a tactical entry don't just jump in.
Trend continuation but wait for a bit of sideways consolidation since the last rally may be getting overextended.
Any comment is appreciable. Let me know what you think. Thank you.
Trade safe. Trade well.