BTC Update In 4Hr Chart$BTC (Update)
BTC Finally BrokeOut The Parallel Channel,
And Holding Above $41K📈,
In Small Time Frame i.e, H4....
In First Case,
If BTC Hold Above $41K,
It Can Lead To $43500 - $45900 (Bullish Continuation)....
In Second Case,
If BTC BreakDown The Current Support i.e, $41K,
We Can Expect A Small PullBack Around $40K - $39K With Possible Wick Till $38K📉....
Update
CPR monthly levels quick updateWe are currently above the 3 monthly pivots.
In order to confirm we are reversing the trend, at least for the short term, we need to confirm the top pivot as support.
Going below the pivots could potentially invalidate the trend reversal.
The current candle is the most bullish thing we have seen in the past 3 months 100%
The next target is 46K which is the first resistance from monthly CPR for Feb and the most realistic target if we managed to confirm the pivots as support (white lines).
Make sure you understand that the expectation for "trend reversal" is not necessarily to produce a new ATH.
The short and medium term expectations are only the mentioned levels and 46 could perfectly become a dead cat bounce.
After all we haven't had any relief rally and an extension of the bear trend in the weekly could still remain intact even if reaching those levels and the failing to hold.
BTC weekly and daily outlookStarting with the weekly we can see that the price has managed to pierce the Kumo cloud and is now retesting it with a low volume candle. The fact that we managed to pierce right through a moderately thick kumo on the down side would mean that we can do it on the upside aswell but for the time being this doesn’t seem to come even close to be true. We are at the end of the week and we basically lost our chance to engulf the previous candle.
The fact that we are shy on retesting the kumo could also mean further continuation to the downside.
The white trend line
There are two ways to drawing ascending or descending trendiness. And that is with wicks or without. Either way you trace this ascending trend line , the price action is still below it. This trend line was previously support and will act as a resistance in the future, probably in confluence with the 41.7k resistance level
Weekly sentiment is mildly bearish.
Daily outlook
The daily chart is looking slightly bullish, however the momentum simply isn’t there . On this chart we can also note the resistance levels along the way, the closest one being the descending trend line that is so visible even a non trader would see it.
Possible whale play would be to try to push the price above this trend line in a fake out , and taking all the liquidity left at the surrounding levels.
This market is tricky ill give you that, BTC is encountering inflation like never before and a lot of fundamental uncertainty.
UPDATE: USDCAD [D] Technical Analysis & Top-Down [BUY] [190122]
Good Afternoon people...
Hope you all had a good weekend
Here is an update for the recently posted USDCAD Technical Analysis ...
The Buy-Order was triggered @50% FIB of the Pin-Bar
Currently trading @1.260 zone - This being my initial target for a 2:1 profit.
This being marked out on the updated chart as a relatively new resistance level.
With a Daily close above this - I will be looking for a re=test as Support and to scale-in.
So, a shift of the stop to break-even and the addition of further risk to capitalise on the current profits.
Although, this is just an idea and something I always look for when possible.
There are PMI USD News/Data releases @14.25 - A possible Banana Skin :/
Further updates to come...
Thanks for tuning in people and the likes are much appreciated.
UPDATE 3.0: USDCAD [D] Technical Analysis [BUY] [190122] @4:1
Good evening people…
If you have been following my initial trade idea for the USDCAD on the Daily chart
Then you will be basking in the joys of the progression of this particular trade.
It’s been just over a week since the initial idea was posted and we are currently at a 4:1 profit
Backing up my reasons for keeping the Target Profit afar when the trade is placed
So, over the last couple days - I have began to manage the trade
With stop was moved in to a profit zone @1.255
Additionally, upon price closing above the 1.263 zone Price returned to this zone and formed a Pin-Bar - Although I did set a Buy-Order at the 50% FIB retracement of this Pin, It did not trigger.
Therefore, marginally missing out on further profits
Either way, I am very happy with the markets upward progression.
With this, we should be targeting the Resistance @1.276 before any decision would be made to close out or hold the position.
Reaching this Resistance would provide us with around a 5:1 return on this trade.
This being over a period of a week or so.
Once again - Much love for tuning in …
UPDATE 2.0: USDCAD [D] Technical Analysis [BUY] [190122]
Hello People - Just another update...
After reaching the highs of the 1.27 Resistance - I think it is about time to move that stop up to a break-even.
Currently, price is sitting at a healthy 2:1 profit
Yes, over the days trading, price has become slightly bearish, but we have to stay positive on this one.
From the Weekly TF, it does look like a correction for the long-term sellers - But, I am not one of those - Hence my Long Position
Looking at the updated Daily Chart - You can see the identification of various theories to support this Buy for a further upward progression.
Such as; Price has closed on the daily above the 1.262
Furthermore, yesterday closed as a test as new support
Also, and after extensive viewing of the Daily Chart - It has been found that there are a number of areas that provide evidence of a Chart Pattern - But, with a difference [B ut, only because this is an update, which is now a free trade]
On the Daily, I have found that over the last year Price has retraced to the 50% FIB on a number of occasions and always when the market is in a strong trend
Moving on to current Price Action and the Temporary S&R that I have marked out - We can see that the market is currently testing the 38 FIB
Personally, I am thinking the market will retract to the 1.258 zone [50 FIB ] and return to pushing north of the chart
In this case - Ill be looking for some Price Action in the form of a CS
Failing that, and a further bearish progression would permit a review the position and update the post.
Thanks for tuning in people - PEACE OUT!
...
UAL Confirmed Head and Shoulders Neckline Break and RetestThis is a bearish continuation on my Earlier post of a Potential Right Shoulder Setup and it is also earnings today. I suspect we will continue going down today after earnings release and continue towards the targets of the original setup which can be found in the related idea section below.
Bitcoin Bottom? Updated with worst case scenario4hr chart adding in what I think is worse scenario. Save some chips or you can’t buy the dip. I still think we reverse here but follow the lines. If breached and retested likely going to the bottom of the next box.
Assuming we continue the long term bullish scenario Bitcoin shouldn’t breach these last two added trend lines. If you zoom out. You can see it connects with the impulse low of 2018. The top of this channel connects back to the early days of Bitcoin.
Bitcoin Technical Analysis - 9-Jan-2022Bitcoin has completed the Head & Shoulders pattern which we specified about a month ago and retested the major support area (40500 - 41000). Bitcoin is now holding the neckline of the pattern and trading above the major support area. Bitcoin should hold that major area, or we will see more downward price movement toward the next support area (48000 - 48200). For now, Bitcoin trying to retest the local resistance area and its first target is to reach 43200. If Bitcoin can achieve that goal, the next target is 44800 - 45000.
ETH/USD looking bearishETH/USD: trade update
So as we can see the price did break the possible rising wedge that we had on the chart. What we also can see now is that the price did do a retest of that wedge and went down after that. It did another retest of the wedge but still was not able to break the wedge. We can now see that the price still is moving down. I think that we are going to see a drop to at least the 0.382 level of the Fibb and I am waiting for that to happen. Once it does go to that level there are 2 things that can happen.
1) The first thing is that we see a break of that level and then I will be waiting for it to drop a little lower to the zone that is marked as zone of interest. I think that if the 0.382 level is not able to hold than that zone has a higher chance of holding because we saw that it already did hold a few times in the past.
2) The other thing that can happen is that the price touches that zone and reverses to the top side. We do can see that the price did already reverse sometimes on the 0.382 level so it does seem to be forming a support at that level in the short term.
In conclusion:
So I think that we will see a bigger drop happening before we are able to go back up again. I am now waiting for it to go lower to buy more Ethereum.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
BTC Daily Looking Weak!BTC daily chart isn't giving me much confidence in the short term, I really want to see some Bullish volume come in here, or I think we could retest 42-45k zone.
I expect some kind of move by next week, though time will tell and we will see what the chart gives us.
A lot of the strong alts are showing very small trading volume as well.
For now trading isn't ideal.
Bitcoin (Analysis)On a 4-hour timeframe, we see a pullback to the $ 48,000 area, which is an excellent point to enter. At this moment, the target is $ 50,000.
The targets of $ 52,000 and $ 53,000 will be activated if it breaks the $ 50,000 line and gets stabilized above it.
Be sure to use stop-loss!
BTC UPDATEon shorter time frame BTC is ranging between 48K -49.5K .
BTC should hold this area and if it enter the area on low volume them we may expect sharp downward movement for liquidity tap. and in such case it may retest trendline of descending triangle .
its seems too early to go for shorts , on 4H chart price is holding 55 EMA
PS:NOT A FINANCIAL ADVICE
BTC update , bulls are back!?Price action is looking good, a bit hesitant on the last candles possibly also due to the upcoming holidays, the sectors are respected to the letter . Overhead resistance at $49255 , we break that and we move in a bog sector has low overhead.
If we fail and break we have a good support at $47500
Keep this current BTC price action and the ALTS can grow.
Overall looking good for bulls.
LTO Busd Forecast UpdateHi Patreons,
LTO price increased to 30 percent after previous forecast
LTO Tried twice to break out the triangle, but in vain.
After failing to do so now LTO coming back to retest previous support.
MFI is touching the overbought area and unable to make change in price significantly. which is another sign of price reduction.
In case of BTC continued its lower trend, LTO can move further low to the base...
Goodluck patreons
signalsforecasts
GBP/CAD Update!From our last analysis price dropped around 100 pips! We then saw a massive spike up which i presume was due news, however, price did not break the high and could have been gathering liquidity before moving down. We are now looking for price to come back up to the level marked where it could make a reversal from and continue creating bearish structures to target the zone marked.
CAD/CHF Update!CAD/CHF doing well! After breaking structure on the retest of a huge Wyckoff Accumulation schematic we were planning for price to come down and spike out the liquidity which was resting below the equal lows which has played out perfectly! We have now seen a nice bullish reaction and are looking for more bullishness to continue! I managed to get an entry on a lower time frame break of structure and retest from which the trade is current 6% up with another 14% as a minimum still to go! I will be looking for a correction on the lower time frames for another entry.