Trendtrader
BTC Trend AnalysisCRYPTOCAP:BTC is currently trading around $60,410 after a recent drop from the $61,000 level. The 1-hour chart shows that BTC faced resistance near $61,500, leading to a downward correction. Immediate support is found around $60,000, with a further drop possibly targeting the $59,000 level. On the upside, a break above $61,500 could push BTC towards the next key resistance at $63,000. The market is currently indecisive, so keep an eye on these levels for potential breakout or breakdown signals.
XAUUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )XAUUSD
HELLO TRADERS
currently the price of the gold trading inside descending channel , and below turning level at 2,459$ , yesterday the price with open the market rising know could be continues rising to reach a supply zone around 2,459$ .
Tendency, the price inside descending channel and trading below turning level , indicates under down ward pressure .
Upward Zone : in order see increase , should be the price breaking turning level at 2,459$ , to rising and reach resistance level (1) at 2,474$ , by breaking and stabilizing above this level it will be attempt to reach 2,486 $ , then reaching a resistance zone around 2,495$ and 2,510$ .
Downward Zone: until the price trading below supply zone around 2,452$ and 2,459$ , dropping to reach support level (1) around 2,421$ , and after breaking this level by closing 4h candle below it indicates further decline to support zone around 2,406$ and 2,391$.
CORRECTIVE : currently price it will be attempt to huge retest to reach a turning level at 2,459$ before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 2,47$ ,2,486$ , 2,494$ .
SUPPORT LEVEL : 2,421$, 2,406$ , 2,391$ .
My Theory Bias on Gold⚱️#XAUUSD (GOLD / U.S. Dollar)
⏰Time Frame : 4-hour
📌Status : Neutral
‼️ Important
📆26.06.2024
By investigating the #gold graph on the 4-hour time span, we can see that in the wake of stirring things up around town focus of $2337 from our last examination, gold confronted weighty selling pressure and neglected to arrive at the ensuing targets. Following this, gold encountered a huge drop, remedying down to $2304, and has since seen recharged request in the wake of social occasion liquidity underneath this level. As of now, gold is exchanging around $2315. We really want to check whether the cost can remain over this basic level for the following 8 hours. Assuming the cost falls beneath $2309 once more, it will probably enter the $2200 territory. Notwithstanding, in the event that gold can settle above $2320, we could see it rise again to $2329. This investigation will be refreshed appropriately.
A Trading Plan Is Important For Success - Here Is MineIn this video we take a look at a trend continuation trading strategy. I explain my approach to trading how I identify a trend and what I look for for high probability trade opportunities. As always the information is for educational purposes only and not to be construed as financial advice.
Nifty Probable Trade idea1.If you think market will fall from tomorrow, without a pullback chances are rare.
2. This week or the next it will be in today's range most likely
3. If bull run is over, it will take to give confirmation in form to distribution and dump the big money at the top
4. Or if trend to continue then we have levels to reverse from the marked levels
Bitcoin correction through time and price coming to an end?Bitcoin was all the rage in the first quarter of the year. Price was appreciating fast and everyone was gobbling up shares of the newly approved ETFs hand over fist before the highly anticipated halving. Bitcoin climbed 91% in 50 days from the January 23 low to the March 13th high.
However, after topping out in March around $74,000 Bitcoin has entered into a 61 day (and counting) correction through time and price which has done a great job at working off the froth, momentum chasers, and leveraged degens. In short, the attention shifted away from BTC.
It's too early to declare bullish victory definitively but this this zoomed out perspective continues to look extremely constructive to me and my bet is the low we saw around 56K on May 1 will be the low for this consolidation and so as long as we stay above that level (really I want to see Bitcoin stay above 59K), I'll maintain my long trade here.
If we roll over back into the mid to upper 50K's I'll consider myself wrong and stop out and move to the sidelines for the next setup to emerge.
For those who think the waters are too cloudy right now, waiting for a breakout back over 65K should be the unlock for new momentum to enter this market.
(disclosure: long)
GOLD SELL - 15 Min EntriesGold has broken out of 2 bullish trend lines and I am looking for a retest of the resistance level before entering a sell position.
Price may sweep the highs to take out the liquidity above resistance before moving bearish.
I will be looking for the retest then waiting for a closure below $2321.30 for extra confirmation.
GBPUSD: GET YOUR LONGS READY!We are seeing clean bullish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement into the resistance turned support- then we look for a bullish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy long!
Follow and Stay tuned my friends ;)
ALPH/USDT | GATE.IO | Micro/Macro Strategy | Daily TFi've loved alph very much since its inception. this chart has played out so well for me in these last 6 months.
finally another competitor PoW coin for the people.
i have been and will continue to stack this coin, if you haven't already. Do a little research on Alephium mining. it's easy AF and simple passive income, especially if your graphics cards are just idle, put them to work guys!.
here is my micro/macro trade for ALPH/USDC on the Daily TF. I do expect plenty of volatility as we stress the top of our previous ATH.
Also, as we do poke at this previous top a bit I will be watching on the 4hour for any re-entries and liquidity dips.
for now, i'm holding, watching the 4HR, daily & weekly timeframes for quick wicks of liquidity grabs.
in 2 weeks or less we will have our directional answer. no stops set here, only limit orders. my direction is heading North!
Trend Trading Strategy - Trend Continuation Master the Market Rhythm: Trend Continuation Strategy with Fibonacci Precision
Ready to ride the market waves with confidence? This video unlocks the secrets of a powerful trend continuation strategy, designed to capture momentum and maximize gains.
Here's what you'll discover:
* Identifying the Trend: Learn to spot bullish (higher highs, higher lows) and bearish (lower highs, lower lows) trends like a seasoned pro.
* Support & Resistance: Leverage key price levels where the market reverses, creating exploitable entry points.
* Timeframe Harmony: Start from the bigger picture and zoom in, pinpointing the ideal entry zone on lower timeframes.
* Fibonacci: Harness the power of the 61.8% retracement to identify high-probability trade zones within the trend's ebb and flow.
DXY, to continue its upward swing to 105.843DXY is on its path to continue the upwards string since it broke out of its descending channel since 24th August, 2023. Price has continued its new ascending channel for the past 8 weeks.
Last week's fundamental on new unemployment claims strengthen the course of the dollar which is currently consolidating above the resistance trendline of the ascending channel.
The consolidation above the 104.643 support could build more buying power that can propel the movement up to 105.834 and potentially to 107.342 depending on the outcome of the fundamentals for the week.
Important fundamentals coming;
Wednesday : CPI
Thursday: PPI, retail sales and unemployment claims
Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment
AUD/JPY BEAUTIFULL SELL SETUPAUD/JPY have made a one, two & three move as shown in the chart, now on retesting of previous indirect resistance, point of interest is being made.
in H4 candle area, potential sale setup is about to be formed.
Longer wicks are hinting the BIG drop fall.
It’s going to be a R:R 1:4.5 trade.
SL is well above the higher wick of potential lower high.
*LOVELY TRADING WITH HAPPY MIND*
TrendmapTM Algorithm for Crypto and StocksHello,
The algorithm I employ, aptly named "TrendMapTM", is a sophisticated trading system developed to project market trends with remarkable precision. Its unique feature is its ability to overlay predictive trends directly onto an asset's price chart. TrendMapTM shines in accurately pinpointing oversold and overbought levels, making it a critical tool in any trader's arsenal.
It visually encodes various trading conditions using a variety of shapes and colors on the chart. This includes crafting distinctive candlestick patterns when Dollar-Cost Averaging (DCA) In/Out conditions are met, representing uptrends with green candles, and downtrends with red ones. It also showcases buy/sell signals with unique shapes placed either above or below the price bars, thereby providing clear action points.
A notable feature of the algorithm is its robust system of flags that diligently track potential re-buy opportunities, thus ensuring you never miss out on lucrative market positions.
The TrendMapTM algorithm integrates various technical analysis techniques and indicators to provide vivid buy and sell signals. By methodically analyzing and interpreting the interrelation of these factors, it equips users with the guidance required to make profitable trading decisions.
This algorithm is the culmination of my 5-year-long intensive research and has proven to be an exceptional strategy for both cryptocurrency and stock investors.
Best Regards,
Stardust (@TrendmapTM)
USDJPY Trend Shift Short Trade SetupOn the 1 hour timeframe USDJPY has shifted from making higher highs and higher lows to barely making any higher highs and now broke the recent swing high.It also found resistance at an important level and made fake higher highs which immediately reversed.The uptrend has ran out of steam and a new downtrend has started.I believe it now a good time to take a short trade and profit from this downtrend as it is still early and at the time of writing this we have a retest at the previous support level that has turned to resistance.There is also a clear RSI divergence emphasising the bearish market.As for stop loss I recommend you set it at around the 141.760 level above the wick of the red candle and for take profit price previously struggled to break a resistance level at around the 140.240 level so this is where I have set my take profit.
This is not a financial advice.Always do your own research.
Oracle Rebound & technical analysis According to this chart we are riding the 8 and 20 day. Price bounced off of the 50 after the earnings sell off and broke out from a double bottom.
If this plays out in a perfect world this will blow past 127 from the news run up. Not to mention everything AI is running and we are currently in an AI baby bubble.
I would trade this carefully since it is making new highs and can fall from a sell off and profit taking.
Let’s see how high this goes. Congrats if you were like me and bought around 115 after the earnings sell off.
Trade Responsibly.
#TradeTheWave