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Trendanalysisexplained

ETH/USD: Bearish continuationEthereum it's moving in the downtrend and it's leading to the $2,360 USD approx. As Ethereum forming a bearish channel, but broke down, my analysis fall. But that it's my update today and I'm bearish in Ethereum This it's what I have like forecast a possible crash toward $1,800 USD. This could to put Ethereum in the deep bearish movement Now, I found out a trade in H1 timeframe. As I use Fibonacci to identify the trend. So, I find up a good entry to short Ethereum toward $2,360 USD. My SL will be around $2,745 USD.
COINBASE:ETHUSDShort
by harisonhbn9718
3
BTC/USD: Shoulder Head ShoulderBitcoin could to forming this chartist pattern Shoulder Head Shoulder Inverted in H4 timeframe. As we know, this could be a possible bull signal in the Bitcoin price. And also, I share the Daily timeframe and we closed up with a rejection of the continuation of bearish movement. So guys, at the moment, this it's not any long or short position. I considered this idea like neutral for now until I get signal if Bitcoin could to forming a bull pattern. About the situation of what happen in the world about the U.S. tension in the Ukraine, that put Bitcoin in the point key to being sensitive if Bitcoin could to take over the bull run as hard asset and safe haven asset.
COINBASE:BTCUSD
by harisonhbn9718
1
ETH/USD: Elliot Wave AnalysisThis it's just my idea for monthly timeframe and I believe that Ethereum could to entry in the bear market for the following months forming a possible pattern ABC bearish correction. So, a single 1 Ethereum could to hit between $1,000 USD-$1,500 USD. This could be my possible prediction. Also, as for reference, Ethereum could to reach $900 USD if we see, but it's improbable that Ethereum down below of $1,000 USD. This it's just my idea and i will share more analysis of Ethereum incoming!!!
COINBASE:ETHUSDShort
by harisonhbn9718
1
BTC/USD: Elliot Wave AnalysisUsing the Elliot Wave Analysis for this study. We could to look that Bitcoin can to end this bull rally around of the higher price $68,000 USD approx. But the trend it's very clearfully that we finish with the phase #5 of the Elliot Wave. Right now, we could to entry in the possible ABC correction in this longterm chart. But I can't to predict where Bitcoin will make th stop of the new lower price. But I can to show you this example and model that can to support for everyone. Also, it's very important to understand what phase we are in the market. But in another special analysis, I can to make how to identify a bear market vs. bull market using it to make a precise analysis in your way.
COINBASE:BTCUSDShort
by harisonhbn9718
2
LTC/USD: Bullish Butterfly HarmonicLitecoin forming this bullish butterfly Harmonic Pattern in H4 timeframe. But also, in price action I look from this point a bullish reversal. My consider target it's toward $135 USD. So I bullish in Litecoin and this it's an interesting trade to put long in Litecoin. Also for reference, I look the same in Bitcoin, Ethereum and Cardano. They'll forming a bullish pattern as indication that market will go to long. But for me, Litecoin it's enough and very interesting trade what I found out.
COINBASE:LTCUSDLong
by harisonhbn9718
3
ETH/USD: Possible short in EthereumEthereum forming a bearish divergence making a higher low inthe RSI and higher high in price action. But also, Ethereum it's moving into his side but as weakness of the trend. So, I will hope that Ethereum break this structure as I indicate in this blue arrow model that I predict a drop to $2,800 USD. in that point it's important, but in case that Ethereum crash more, so the price could to hit $2,600 USD and also the previously level around $2,300 USD approx. Ethereum price it's around $3,100 USD approx. So, I hope that Ethereum make a drop and also, an alarm could be a good when Ethereum hit $3,040 USD. if Etherum hit $3,040 USD. An alamr will sound up and the next step it's hope a pull back around of $3,090 USD to entry in short position. Just wait!!!
COINBASE:ETHUSDShort
by harisonhbn9718
1
BTC/USD: My possible next movement This it's just my idea, but as today, Federal Reserve want to tightening their monetary policy in U.S. economy, as also, FED could to start the process of rates The Consumer Price Index print may offer new indications about the pace of the Federal Reserve's monetary tightening, and investors are bracing for higher-than expected numbers that would signal more aggressive rate hikes. As yesterday, I post this sentence to share with my followers in Twitter that I believe that FED could to offer a new tracks that it's signal U.S. economy could to entry in the strengthen and recover in the market. That could to affect the rest of financial market and deep impact of this news. So, technically, Bitcoin climb to up in the past days, but right now, we forming 2 doji of indecision and we coudl to forming an imbalance in that higher zone, if Bitcoin closed up with another weakness of Doji, so, Bitcoin could to drop to $40,700 USD. But in that point, we could to look if Bitcoin forming a possible Shoulder Head Shoulder or will continue drop in based the news that come from Forex market, but more influenced in the U.S. Dollar.
COINBASE:BTCUSDShort
by harisonhbn9718
ADA/USD: Long Position toward $1.37 USDCardano forming this bearish channel, but also, I want to share this analysis in Daily timeframe here where I believe that we're in the bounce zone. Now, in H4 I look a simetric triangle in formation, but in RSI I look that RSI it's making a lower high in H4 timeframe, and also in Daily we can to look it. It's interesting in this long position, I will buy to long position in the market price, my SL will be set around $0.95 USD. You can to put your SL around $0.95 to $0.90 cents.. Now, my target will be so longer for days around $1.37 USD.
BINANCE:ADAUSDLong
by harisonhbn9718
2
BTC/USD: Supply zone; sellBitcoin fomring in H4 timeframe a bearish channel flag. But, I note that Bitcoin hit a supply zone between $37,500 and $38,000 USD approx. Bears are taking the control in this downtrend. Also, I share in my H1 timeframe where I found out a bearish armonic pattern called BAT. The measure are setup in my Fibonacci for Armonics that I have personal. But that it's sell in H4 and H1 it's becoming more bearish. Now, in Daily timeframe, it's important to analyze it when the candlestick closed up today. I'm in short position from $37,500 USD approx. My SL at $39,200 USD. And my target toward 32k.
COINBASE:BTCUSDShort
by harisonhbn9718
3
BTC/USD: bearish flagBitcoin make a bullish divergence in the RSI and price action and we have a 10% up of the price. But, I don' master the divergences, it's another theme that I interesting to learn more and practice identify and becoming a master of divergences. But, right now, Bitcoin forming this bearish flag and I look a bearish hammer, and that it's when the price reach a higher in the day and bears are entry with signal to sell Bitcoin following the downtrend. Ok, I put a sell order limit in the $37,600 USD, my SL at $39,995 USD and my target around $32k
COINBASE:BTCUSDShort
by harisonhbn9718
1
Confirming Trends with the Lower Time Frames EUR/JPY ExampleHey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114.40. Like always, I'm watching the lower time frames to confirm whether or not I will get this pullback to 131.67. During the initial move long there were several confirmations of short term long strength on the 1M-15M charts through Trendline break outs then immediate breaks back into the trendline. ( Immediate break back in means: the break out candle's close and the break back in candle's open is at the same price level) Thus was expecting short term long strength. However, 8 pips from my short entry level, there was a legitimate 15M Head and Shoulders that went it's target height level before reaching the right shoulder's stop loss level. Signaling waning short term long strength. ( If long strength was present, price should ignore the H&S and not reach it's target height price level and stop traders out at the right shoulder's stop loss level. )( I can't explain the details here.) So price did not reach my short entry level at 131.67 by a whopping 8 pips! (Yikes!!!!) Soon after, there was a 4h trendline break out with no immediate break back in further signaling 4h waning long strength.(Ti----mberrrrr!) Currently, there was a downward 1h trendline that was broken out to the long side, with no immediate break back in signaling "slight" waning short term short strength. ( I say slight due to the 1h Trendline not being as prominent as I would like to signal waning short strength.) In this way, I measure whether or not I will get a pullback for higher time frame entries (Weekly trade in this case) using the lower time frames to confirm short term long/short strength. However, I also use this method to confirm higher time frame trends. Or as I like to call it, higher time frame "biases". I'll keep you guys updated with this short set up! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
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by TradingForexPriceAction