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#BTC: A BULLISH RETEST??Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin is currently trading near the $61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated. However, a failure to hold the retest level and a subsequent close back within the triangle would invalidate the bullish pattern. In this scenario, we could see a potential pullback towards the $56k-$57k range. Potential Targets: Breakout: A successful breakout could lead to a rally towards FWB:65K -$68k. Stronger Breakout: A more decisive breakout could target $70k-$75k. What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
1
Trade Setup: AIOZ Long PositionMarket Context: $AIOZ is currently seeking support above $0.40, with expectations of one more retest at this level, as BTC potentially retests the $61k mark. This offers a favorable risk-reward opportunity. Trade Setup: Entry: Long trade around $0.40 at the support zone. Take Profit: First target: $0.61 Second target: $0.84 Stop Loss: Daily close below $0.33. 📊 This trade looks to capitalize on a bounce from support, with well-defined risk management through a stop loss at the key level. #AIOZ #CryptoTrading #Support
Long
by Richtv_official
ETH - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ETH has been overall bullish, trading inside the flat rising channel in orange. Moreover, ETH is approaching a massive round number $2500. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the $2500 and lower orange trendline acting as a non-horizontal support. 📚 As per my trading style: As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
Identifying Key Support and Resistance Levels: Beginner’s GuideWelcome to the market’s game of zig-zag. On the one side, we’ve got the bulls pulling prices up (doing the zigging), and on the other, the bears dragging them down (doing the zagging). Somewhere in there lies a delicate balance—where prices pause, reverse, or break through. These are support and resistance levels, and if you want to play in the big league and run shoulders with big sho(r)ts, you need to know how to spot them. Let’s dive in. Support and Resistance: The Basics Imagine the market as a ping-pong ball bouncing between two invisible walls. These invisible walls are called support and resistance . The floor is support—where buyers step in to catch the fall. The ceiling? That’s resistance, where sellers say, “Not so fast,” and push the price back down. Your job? Figure out where these walls are and use them to your advantage. Support is the price level where a downtrend could pause due to strong enough demand, or buying momentum. Think of it as a safety net—a level where the price stops its freefall, cushioned by determined buyers. Resistance is the opposite. It’s the price level where an uptrend might stall because sellers step in, seeing the price as overbought. It’s the market’s ceiling, and breaking through it can be tough. How to Spot Support and Resistance Here’s the good news: spotting these levels is easier than you think. Start by zooming out on your chart and identifying where price reversals have occurred. Where has the market consistently bounced up from? That’s your support. Where has it been smacked down? That’s your resistance. That’s also when everyone becomes a chartist and technical analyst—draw horizontal lines at these levels. And boom, you’ve just identified key support and resistance zones. But there’s more to it than just connecting the dots. Horizontal Levels: The Classics The classic way to identify support and resistance is to look for horizontal levels. These are price levels where the market has historically reversed multiple times. If the price has bounced off $50 three times, you’ve got yourself a solid support level. Likewise, if $75 has been a brick wall for the price, it’s a clear resistance level. Trendlines: The Dynamic Duo Horizontal lines are great, but what if the market’s trending? That’s where trendlines come in. Draw a line connecting the higher lows in an uptrend or the lower highs in a downtrend. These lines can act as moving support or resistance levels. They’re not just lines—they’re the market’s roadmap. Want to get things even more heated up? Look for channels by identifying the higher lows in the uptrend coupled with the higher highs. Apply the same but in reverse for downtrending markets—lower highs and lower lows is what makes up a channel. The Role of Volume Here’s where it gets a little spicy. You have to add volume in the mix. When you see a support or resistance level holding up with high volume, it’s like getting a thumbs-up from the market. If the price breaks through a level with high volume, it’s more likely to keep moving in that direction. Low volume? Don’t get too excited—it could be a fake-out. Psychological Levels: The Round Numbers Game Ever noticed how prices tend to stall at round numbers? That’s no accident. Humans love round numbers and the market is no different. Levels like $100, $1,000, or even $100,000 (did someone say Bitcoin BTC/USD ?) often act as psychological support or resistance. It’s not science—it’s market psychology. How to Trade Support and Resistance Now that you know where the walls are, or inflection points, let’s talk strategy. Trading support and resistance isn’t about guessing where the market will go—it’s about stacking the odds in your favor. Buying at Support (DYOR, tho) : When the price pulls back to a support level, it’s a prime buying opportunity. Just remember, you’re not the only one watching this level—fellow retail traders, professional money spinners and lots of algorithms are trained to chase trends. Use additional confirmation, like a bunch of indicators stacked together , before you pull the trigger. Selling at Resistance (DYOR, tho) : If the price rallies to a known resistance level, it’s time to think about selling. Again, wait for some confirmation—a rejection, bearish pattern, or a volume spike—to avoid getting caught in a breakout. Breakout Trades (DYOR, tho) : If a price breaks through support or resistance with conviction (read: strong volume), it often leads to significant moves. You can trade these breakouts, but be cautious of false breakouts. Nobody likes getting trapped. Final Thoughts Support and resistance levels are like the market’s heartbeat. They reveal where the big players are making their moves and where the action is likely to heat up. Whether you’re looking to jump in or bail out, these levels are your go-to guide. So, the next time you’re analyzing a chart, remember—those lines aren’t just random. They’re the market’s battle lines, and now, you’ve got the intel to trade them. Let’s wrap this up with some inspiration from legendary trend follower Paul Tudor Jones: “I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.” Do you trade with support and resistance levels? Let us know your thoughts in the comment section!
Education
by TradingView
5
ETH-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line. Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569. Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.
COINBASE:ETHUSD
by cryptodailyuk
DJI - Key Resistance Zone 4 HourDJI has entered a key resistance zone of the 4 HOUR time frame. There are 3 likely scenarios. A,B,C on the chart. We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume. The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
TVC:DJI
by I3ig_Trades
How Spotting Liquidity Can Help Your Trading StrategyUnderstanding where liquidity exists in the market can help enhance your trading success in a few ways: 1. It can help you understand where potential blocks of liquidation could occur. The market is often attracted to these block and will liquidate there. 2. It can help you confirm patterns that exist on you charts 3. It can help you spot new patterns which you may not have spotted previously. Let's take a quick look at the "Liquidity Swings" indicator by LuxAlgo in this video.
INDEX:BTCUSDEducation
by stewdamus
Ichimoku Watch: Salesforce Poised to Breakout Higher?Upcoming Earnings Salesforce, Inc. (ticker: CRM) is scheduled to report earnings after the market closes on 28 August. The consensus earnings per share (EPS) estimate for the fiscal quarter ending July 2024 is $1.73. The reported EPS for the same quarter a year prior was $1.63. Vulnerable Resistance? Resistance is currently being tested at US$263.42 but shows signs of giving way. While a head-and-shoulders top pattern was recently completed at the underside of the aforementioned resistance (this is more visible on the H1 chart), which could see short-term shorts enter the market and aim at the pattern’s profit objective of around US$253.63, sellers have been unwilling to demonstrate much commitment at resistance in recent trading. Ichimoku Support You can see price action closed above the Ichimoku Indicator’s Conversion Line (blue at US$260.27) as well as the Base Line (red at US$260.19), and the Ichimoku Cloud is seen nearby. This comprises the Leading Span B (light orange at US$251.40) and the Leading Span A (light green at US$260.33). As a result, the stock has sufficient support to withstand selling. Should a breakout to the upside occur, this could trigger breakout buy-stops and power a move towards the next layer of resistance coming in at US$279.28. Price Direction Although sellers may enter the market from current resistance, the nearby Ichimoku support and the lack of bearishness could eventually stir up a bullish move to target fresh resistance at US$279.28.
NYSE:CRMLong
by FPMarkets
LTC-USDT 4hI invite you to a quick review of LTC in pair with USDT, taking into account the four-hour interval. Visible, we can determine the local upward trend line above which the price remains. Just below the price there is support at the level of $60, then the second support is around $56 and then there is a strong support level at the price of $50. Looking the other way, similarly, after unfolding the fib retracement grid, you can see resistance at the price of $66, then the second resistance at $71, and then a strong resistance at $77.
by cryptodailyuk
XAUUSD: 2500 is not broken, so it can continue to be bullishGold Market Fundamentals: Investors are largely convinced that a rate cut will happen in September, with the U.S. Dollar and Treasury yields continuing to decline, providing strong support for gold prices. Revised data from the U.S. Department of Labor reflects growing Fed concerns over the labor market, reinforcing expectations of a rate cut. Escalating geopolitical tensions in the Middle East and the stalled ceasefire negotiations in Gaza are also supporting gold prices. Fundamentally, the market remains optimistic. Global economic slowdown, trade tensions, and geopolitical risks are all factors supporting gold prices. Meanwhile, increasing expectations of a Fed rate cut are likely to further weaken the U.S. Dollar, creating favorable conditions for gold. Gold Market Technicals: On the 1-hour chart, gold prices have repeatedly tested the 2500 level as a key support, and it appears strong, with multiple pullbacks failing to break through. Additionally, the MACD indicator has formed a double golden cross pattern, indicating the potential for further price increases. Trading Strategy: Based on the above analysis, we maintain a bullish outlook today. However, close attention should be paid to the 2500 support level. If this level is broken, the pullback could intensify. Therefore, monitor the 2500 support closely, and I will update the strategy in the channel if any changes are needed. Support Range: 2500-2488, 2460-2475 Resistance Range: 2520, 2531 Intraday Risk Data: U.S. Initial Jobless Claims U.S. August PMI Data U.S. July Existing Home Sales Focus on Powell's speech tomorrow
OANDA:XAUUSDLong
by AntonyTP