BITCOIN NEARING 108,100 Hit Only ONE LAST GASP left The chart of bitcoin posted based on all fib relationships within the advance from 15890 is ending a clear and rather clean 5 wave s up To end the Bull market of the last 2 years Timing of golden ratio and spirals called for the last week but there are 3 i.t. spiral due 12/18 to the 21 this is the last of the good news I have taken a long PUTS position in BITI at 60.8 Best of trades WAVETIMER
Topdownanaylisis
NZDUSD Going Higher once Dollar is showing dowside intention?NZDUSD just swept daily + 4h + 1h liquidity and made a CHoCH in 1H Timeframe.
After the CHoCH, price was corrective to the downside, retesting the previous structure wich can be used as support in a bullish momentum.
Let's see how the price plays out.
Short Position on EURCAD: Strong Potential for TP SuccessKey Fundamentals Supporting a Bearish Bias:
- Eurozone Struggles: Recent economic reports indicate that the Eurozone is facing challenges, including sluggish growth and rising inflation. This could weaken the Euro as investors lose confidence.
- Interest Rate Outlook: The European Central Bank is taking a cautious stance on interest rates, while the Bank of Canada is likely to raise rates. This contrast could strengthen the Canadian Dollar against the Euro.
- Geopolitical Pressures: Ongoing issues in Europe, such as energy crises and trade disruptions, are creating uncertainty. This instability can further drag down the Euro's value relative to the CAD.
I'm focusing on short positions for EURCAD by using probabilities derived from historical data. By analyzing past trends and applying straightforward mathematical rules, I can spot high-probability trading opportunities.
This strategy helps me stay disciplined and make informed decisions, reducing emotional trading and increasing my chances of success.
Let's dive into the multiple timeframe top-down analysis together:
12M:
1D:
Hourly Entry:
USOIL: Multi-Timeframe Analysis | Strong Setup FormingI've been looking at various markets recently, and USOIL really stood out to me. I want to share how I analyze markets using a mechanical top-down approach across all timeframes to form my trading bias.
Top-Down Analysis:
This method is crucial in my trading strategy. It helps me stay objective by focusing on what the market is indicating regarding trends and key levels, rather than letting my personal opinions cloud my judgment.
By adopting a systematic approach, I've been able to reduce doubts and fears in my trading decisions.
Now, let's dive into the top-down analysis process.
12M:
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6H:
EURNZD - SELL IDEALast Week price pushed lower with nice intent.
4H structures bearish and price is now making a correction to the upside.
There are some liquidity created resting right below a stacked area of 4h + 1h imbalance,
Waiting for price to swept those equal highs and react from the imbalance.
My target might be some daily equal lows that are in line with 4H structure point.
AUDNZD - BUY IDEAThe price is bullish, it has reacted from the daily imbalance and there is a 4-hour imbalance that can be tested.
Let's see if the price creates some liquidity above this area and has a good reaction after the sweep.
There are some equal highs to target, in line with the previous higher high.
CHFJPY - SELL IDEADespite price has been pushing high since the last few days, the swing structure is bearish so I was looking for sells in this pair.
On the 1h timeframe price created some equal highs and swept that creating kind of a dodji candle followed by this strong bearish candle that gave me the entry.
There are so much liquidity to be taken on the downside, let's see how price will flow.
Strategy Check:
Bearish Structure
Price Flow
Area of interest - stacked area of daily + 4h imbalance
Liquidity Swept
Price Action
Navigating BTCUSD: A Data-Driven Approach to Bullish TradingI have a bullish outlook on BTCUSD, and here are a few key reasons supporting this view:
1. Political Changes: Recent shifts in the U.S. political scene may lead to more favorable regulations for cryptocurrencies.
2. Economic Conditions: The economy seems to be stabilizing, with inflation decreasing and growth continuing.
3. Institutional Interest: Big investors are showing renewed interest in Bitcoin, which is a positive sign for the market.
To get into long positions on BTCUSD, I’m using a strategy based on probabilities.
By using this approach, I aim to make smart, data-driven decisions in the exciting world of Bitcoin trading.
1D:
1H:
Please feel free to share your thoughts and ideas in the comments below!
Let’s learn from each other and navigate this exciting market together!
NZDUSD - BUY IDEAThe price has been pushing higher and is approaching the daily high.
The 4H structure is bullish, in line with higher timeframes.
There is an area of 4H imbalance to be tested within the current structure range with some equal lows (liquidity) above to be taken.
Waiting for these equal lows to be swept and let's see if price reacts giving a trading opportunity.
GBPAUD - BUY IDEA 4h structure is bullish.
Price is being corrective for a while and created some equal lows (liquidity) that were taken. Price just reacted inside an area of daily / 4h imbalance, showing good intention to the upside. Expecting a pullback on lower timeframes now to look for a buying opportunity.
EURGBP - SELL IDEA Since the begginning of the month, EURGBP is corrective to the upside with lack on intention to go higher.
Price respected a stack area of daily + 4h imbalance, showing intention to the downside.
There is a 4h new area of imbalance wich was formed after those equal lows break to the downside with an impulsive move.
I'm expecting a pullback to the upside, sweeping liquidity and reacting from that new area.
My target will be the LL of the current 4h structure (red light).
EUR/JPY Trade Setup 4 Hour TimeframeEUR/JPY has formed a descending channel on the 4-hour timeframe, followed by a strong breakout and a retest.
The price is currently at the retest level, so we will be looking for buy candlestick signals from this level.
To find a suitable entry, we need to scale down to the lower timeframes to identify chart patterns and candlestick confirmations.
58.55% Probability of USOIL Bullish Continuation This Week!Based on a mechanical top-down structural analysis from higher to lower timeframes, there's a strong probability (58.55%) of a bullish continuation in USOIL this week.
This analysis, combined with hourly timeframe probabilities , suggests a favorable outlook for price movement.
Follow me with the detailed top-down analyses linked below to see the key factors contributing to this bullish projection on FX:USOIL
12M:
6M:
3M:
1M:
2W:
1H:
2H - Entry:
Take a look at these analyses to see the details behind this trade idea.
If you have any questions or want to discuss further, feel free to ask.
Let's make this a great trading week!
BTCUSDAfter doing top-down analysis I can see that we've hit the monthly resistance level and was unable to break through it. Although major influencers and government official have spoken about FUSIONMARKETS:BTCUSD going to ATH's as of right now it's not happening. We are in a premium array so i'm looking to short sell for a bit.