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Trade-setup

Strong Bearish MomentumOn the 4 hour, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB) as marked out on the chart. From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4 hour liquidity target at 1.20899. Because it is the 4 hour chart, we would be expecting a good amount of swings on the lower timeframes of 1 hour and below.
Short
by PanzyPips
Bitcoin (BTCUSDT) Breaks Wedge Pattern Yet AgainBitcoin is once again displaying its strength by breaking above the wedge pattern, signaling the potential for an upcoming rally. While it's important to acknowledge the possibility of further downside, the probability of the uptrend continuing is considerably higher. In this scenario, we're leaning towards a long opportunity, setting our profit target at the 161.8% resistance level. If and when this target is reached, there's a potential for BTCUSDT to experience a 14% increase from its current price. The risk-to-reward ratio is notably favorable, making this an enticing trade setup. Let's closely observe how this situation unfolds and whether the market aligns with our analysis.
Long
by CryptoPAMM
2
BTCUSDT Breakout Sparks Excitement for Buying OpportunityBitcoin has achieved a significant milestone by breaking and closing above the downtrend trendline, indicating a highly positive price action. Following a minor pullback, we anticipate the price to continue its ascent toward the uptrend trendline. However, there's an intriguing aspect to consider: BTC has two potential targets, either reaching the 161.8% Fibonacci level at $31.6k or the 1061.8% Fibonacci level at $43k. Currently, we advise adopting a cautious approach, but regardless of the outcome, this presents a captivating buying opportunity for both Bitcoin and altcoins. The timeframe for this opportunity could be either short-term or mid-term. Exciting times lie ahead.
Long
by CryptoPAMM
EURCHF Selling Opportunity for Next Wave DownThe EURCHF downtrend remains firmly intact, with the support zone successfully transitioning into a robust resistance area. The price action consistently adheres to the downtrend trendline, and today we observe EURCHF retesting this trendline. This presents a compelling opportunity for sellers to enter the market and anticipate the next downward wave. In the event that the resistance area proves formidable, EURCHF is likely to target the 161.8% Fibonacci support level. However, it is important to note that achieving this target may require several weeks, if not months, to materialize. Patience and careful monitoring of the price action will be key in navigating the ongoing trend in EURCHF.
Short
by CryptoPAMM
BITCOIN BREAKDOWNHave a nice day dear traders, we are here with Bitcoin Bitcoin resumed its sharp move on Sunday evening early in the Asian session as I have been writing for the past two weeks. But currently I see less change, usually these moves determine the whole weekly trend but in this situation I would say the market went for liquidity at $16975 - $16920 and this is where the whales are taking long positions into swing trades. The last 40 years in the stock market, December has been 90% in the green which is currently indicated by the Fed's dovish policy We are currently at the vPOC ( point of control ) of the Asian session for BTC which means that if we hold this level on the 30m chart and do not close at least 3 candles below $16930 then I see the current swing trend breaking out to the levels indicated on the chart around $17,500
COINBASE:BTCUSDLong
by Crypto-Frantisek
5
BTC/USDT QUICK SHORT 30MINHELLO TRADERS, WE ARE HERE AGAIN FOR QUICK SHORT Our trade is finally developing exactly as expected. On Friday, in the Asian session, when lately there is usually the highest volume of trades on Bitcoin, we created a vPOC (volume point of control) at the level of $17194, where there was the highest number of total traded orders on Friday, which predicts that the market will return to this level due to liquidity "fuel" for further movement Since for the Volume Profile I follow the chart structure displayed in 30-minute candle intervals, it was necessary to wait for the confirmation of the price action so that it closes the current candles deeper below this level, which of course means for our prepared trade that we can open a transaction. I currently set the stop-loss much higher than usual due to the weekend's unexpected volatility and the last unsuccessful trades, but I balanced it with a larger position, so my trading plan still works In the next week, where I expect extremely high volatility due to events connected with prepared statements, due to assumptions of a dovish policy from the FED, the market which has been holding an up-trend for 2 weeks will complete the valuation of this information, which was announced in the second half of November. So why SHORT?? It is more than likely that December will be green on the markets and the only possible support for bullish swing positions is around the level of $16975, which if bitcoin does not hold on the 4H chart we will go much lower, of course we want to see a rebound and bullish positions up to at least $18500
Short
by Crypto-Frantisek
8
$ETH - What now?$ETH - What now? Honestly, the answer is nothing. I haven't traded or even bothered with crypto overall for months. I actually have preferred the classic gold and silver. There is nothing exciting going on and if I get in crypto it's only for long side. There is no long side for me at the moment we within the ranges and break to either direction but with crypto overall it lacks regulation, we saw that throughout various collapse of firms and the infrastructure is very new. IMO - I am out until it suits my plan to get back in for now, I prefer the side-lines. Trade Journal Not Investment Advice or Signal Provider
BITSTAMP:ETHUSD
by Trade_Journal
3
Gold Setup Idea: Pre New York (Oct 4, 2022)Please note that these long and short positions are not at all strategically positioned; instead I simply am showing a general idea of what price could do, so please set your own SL and TP. But the fact is price has been extremely bullish since last week when the weekly candle respected a supply zone. Price is now retracing which shows us the bullish daily candles, and today may be another bullish day. I could envision price forming support pre-ny on 30M timeframe around $1700 level for another retest of london high, and then potentially further. But if price returns bearish on 1H and close below $1700, and then continues below $1695, sells could be very good too. Let us see what NY has in store for us. Also, News at 8am to remember.
FX:XAUUSD
by SoManyDistractions