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Tradingrange

Head and Shoulders at the Midway point of Trading RangeOn the weekly we are currently closing below the 55 week moving average and potentially double topping while on the daily we are trading within a range potentially creating a Head and Shoulders pattern that if broken would likely take us to the bottom of the range. If after making it to the bottom of the range we break through, we can then begin to target the much bigger target of the weekly double top that can take us down to $120 or even lower but to be conservative lets say $120. I believe that payment processors are in a position of weakness and that we will see many pullback over the coming months. For more on this you can view my idea on Visa in the related ideas section.
NYSE:SQShort
by RizeSenpai
XMR daily analysisWell, crypto market is looking bullish in an overall looking, XMR had broken out of a big triangle, as we know this could end to a trend reversal ( pump ) or Trading range, and as we can see, we have had a trading range so far ( shown in the picture ); it makes a good situation for BLSH ( Buy Low, Sell High ), and also if we ever break out of this trading range, we will most probably have some huge spikes, so watch out for this one: two scenarios are drawn in the chart. Stay profitable, best regards. - Comment your opinions below.
by Algo_Analyst
Bitcoin in Trading Range and a Possible breakout to $59kTRADING #Episode 1 (BTC/USDT) Hello Everyone, it is a good day and I am glad to be a part of this platform and I hope to be giving updates on anything cryptocurrency related. BTC has been in a trading range after an upward trend forming a flag. Currently, the market is going up and down around the range. Traders who want to gain from every move could gain from the upward and downward movement of the chart while still in range. There is a high possibility of having a breakout allowing BTC to hit $59k. This is not a financial Advice, DYOR
by gbenga-owolabi
Time For A Pull Back?Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we have 47.660 also coincides with Point of control and 45k as the last retracement levels. If 45k is lost, then it's game over :) Upside target, 60k waits as a weekly and physiological target. We should wait until support or resistance levels of the current sideways trading range is broken and verify the direction with a swing failure. Note that there are many bull and bear traps now, so don't FOMO into anything, set your alerts and wait for confirmation before taking action. But hey, what do i know :) Trade safe!
by BitcoinMillio18
3
Possible beginning of accumulation on AUD/USDHello my beauties. I noticed that the pair has come to a nice selling climax, and given the strength of the AR (automatic reaction) in proximity of the long term bearish trendline that was broken to the upside, I see this as a possible accumulation. Personally, I will wait for a nice spring below the TR (trading range, in red) to enter a long trade and gain some nice profit. We are going to wait for further development of price action to take the trade, and wait for a nice buying opportunity below the bottom red line. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Long
by TrickleDownFX
4
GBP/JPY BULL! Wyckoff reaccumulation schematics!Hello my beauties. It seems to me that GBP/JPY is reaccumulating. The arrows indicate a rough idea of what I think the price action will provide us with, and they are not to be taken as an accurate forecast of what I think will happen. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Long
by TrickleDownFX
2
Dust Settles In A Trading Range (More Accumulation!)Hi all, My last post was at the begining of the uptrend which is still in play however with a correction and sideways accumulation right under the sell wall. That said, there's nothing concerning right now and i did not make any changes to my position. However, since we are in a sideways trading range, we have an opportunity to take a short at the top and long at the bottom. So, i will be looking for invalidation of an upswing at 49k before taking a short and vice versa for the downswing at 43k. For risk management and hedging purposes, i'll not short 100% of my account, but instead between 15% - 50% and keep both positions open, unless one of them gets invalidated. BTW, My 100k target has changed as we have continued accumulation. I'm now looking at $123k as the pnf horizontal count suggests and we keep on accumulating! Normally i don't trade intraday charts, but this is a good opportunity i don't want to miss and besides, i'd like to practice some swing trade as i have lots of free time now :) As always, trade safe!
by BitcoinMillio18
24
Here's My PlanAs we are reaching to the top of the trading range, FOMO is kicking in, but remember at 29k, we were all expecting to go down. Same goes here, we are all expecting to go up, yet we are still in the trading range. It's important to hold on to your feelings now and stick with the plan or you risk buying the top. Next levels i'm watching are: 40.841 - Top of trading range set by Automatic Rally 41.330 - Upthrust June High 43.988 - This is the definition of bear market at 200MA Breakout will be above 41.330 and i'm planning to buy above this level with 15% of my portfolio, leaving 85% for a possible pull back from 43.988. This could be a rally to the death cross (200MA & 128MA), i'm always being cautious. I'll increase my position above 44k. Hold on, it did not happen and may not happen.
by BitcoinMillio18
27
Bitcoin BTC - What is next after the pump and dump? Buy or sell?Bitcoin BTC - What is next after the pump and dump Dear friends You see here the 12 hours chart of Bitcoin. This is therefore a medium term analysis. We see that after the pump and dump action that Bitcoin has dropped and is still in the trading range. This range is between the gray zones from 28800 to 42000 USD. How do we proceed in this range is the big question. In a range, a stochastics or other oscillator works best. So below is a stochastics and it is now crossed and in overbought modus. The best time to take a long position is at the bottom of the range and a short position (or just no position and sidelines ) when the price is at the top of the range. So currently Bitcoin is somewhere in the middle. Right now the stochastics is suggesting a decline because it has crossed and is over bought. For going long, the best buying moment is to wait for the Stochastics indicator to drop below the 20 level and then make a cross upwards or go short with a stop at 42000 when the price of Bitcoin hit the upper boundery of the trading range. You can also use Candlestick patterns at the top and the bottom for entry signals and of course you need to zoom in on a lower timeframe like the 4 and 1 hour. This will help to find a more precise entry. A divergence in the stochastics is extra confirmation but as you already know, it is not always happening. By the way friends, you do not need to be in the market all the time unless you are trading on the very short term. Of course you have the problem that the market goes on 24 hours a day and therefore also when you are sleeping... The stop loss is exactly below 28800 for Longs and 42000 for short positions. So now it is waiting see Bitcoin going to the bottom or top of the range for a low risk high reward trade. This is because the stop can be placed close to the entry and the targets are far away. In the middle it is much more risky because of the chaotic price behaviour and manipulation. What is the expectation now? A rectangle after a drop (red arrow) is a continuation pattern. The longer it lasts the more reliable it is. This does not mean that it always happens. It may be that we break out on the upside but again according to the rules of TA it is on the downside. If this is reliable now with the unlimited printing of central bank Dollars en Euro's with the trillons that is the question. We see in the stockmarket already a rise since the central banks are printing unlimited dollars and we now even have all time highs. This happens all in a period of Covid, huge rise in debt and more. So it is very clear that the money is just indirectly injected in the markets what prohibits a stockmarket crash already for 10 years in a row). Bitcoin however did decline 50% but now it is integrated in more special funds, so the impact of the printed Dollars will increase for sure. What are the targets if we get a breakout? That is the largest move in the range that is projected on a breakout to the upside or to the downside of the range. A breakout below 28800 has a target of 17500 usd and a breakout above 53000 usd. It is clear and simple which is always the best! The ideal time to buy on a breakout however is after a retest of the breakout level. see the chart for examples. Very important: After a breakout the stochastics can be a long time in overbought or oversold mode because oscillators work well in a trading range but not in a trending market. Can you trade within the range? Yes perfectly possible if you trade on shorter timeframes. However, this analysis is for the medium term. The longer the time frame the more reliable the results are because the noise has been filtered out. --- > In this market I advice to use tight stops. <--- Please share your thoughts and idea's below dear friends. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer This is my view, no advice to buy or sell. Also always do your own research! --->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
by PegasusTechCharts
34