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Vegastunnel

BTCUSD : Two trading strategies with Vegas Tunnel !It made New ATH but can't stand firm previous ATH and went down . After the market got corrected,BTC tested level 0.382(58906.5) and be hesitation now . BUT ! ! There are 2 chance to do long with Vegas Tunnel strategy ! 1️⃣ On left side with 4h time frame It tested the purple tunnel (144/169) ✅2️⃣ On right side with 1h time frame It tested the green tunnel (576/676) If it can go above 12ema and stand firm after tested the tunnel . That meet the conditions with Vegas strategy and trading strategy as below . SL : 58017.5 TP1:67167.5( New ATH) TP2:70803.5 TP3:72274.0 TP4:75428.5 If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
BYBIT:BTCUSD.P
by Rex_yang
1
How to trade with Vegas Tunnel ?Vegas Tunnel is very easy to learn,only need five ema . ❗❗❗This post we do long for example ❗❗❗ 🚩Preparation🚩 Set up 5 ema as below 12 /144/ 169/ 576/ 676 We use the number to find support or resistance . 12 ema I will call it confirmation line. 144/169 ema we treat as short term tunnel ,I will call it Green. 576/676 ema we treat as long term tunnel,I will call it Purple. 🚩Conditions🚩 1️⃣ If price breaks down or touch the Green/Purple and goes up quickly. 2️⃣ Wait for price stand firm 12 ema 3️⃣ Make sure 12 ema "NEVER" touched Green/Purple after condition 1️⃣ If meet all the conditions ,SL is the lowest point after it broke down. TP can setup previous high and take some profit if the TP be hit . This is the easy way to make strategy for beginner. Do not follow the random signal or feeling if you are a beginner. Do your strategy and follow it ! If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
BYBIT:BTCUSD.PEducation
by Rex_yang
1
ETHUSD Stop falling?/Bullish ProspectiveBYBIT:ETHUSD 4H trend chart - 1. Resistance Recently, ETHUSD has vibration in an invert Fibonacci retracement. Floor of Blue Darvas box and Fib(1) show a resistance currently, so the price might try to touch Fib(1.382) around 2549.15 in future. 2. Support After price touched Fib(1.272) and Vegas tunnel_676ema , it rallied back rapidly. ETCUSD is still retesting the support from Fib(1.272) and long-term Vegas tunnel. We can note previous long consolidation formed a red Darvas box, which ceiling is exactly the support position. * Ceiling of Darvas box is the resistance when consolidating in box, but will transform into support after breaking out the ceiling. - From resistance and support level, we presume price eventually test Fib(1.382) which is around 2549.15 Meanwhile, it also touch the downtrend line again. At that time, if price could rallied back to Vegas tunnel_576/676ema rapidly, ETHUSD will almost stop falling and consolidate steadily, then go back on bullish continuation.
BYBIT:ETHUSD.PLong
by EthanTW
BTCUSD Struggle on Support zone!/Bullish and Bearish ProspectiveBYBIT:BTCUSD 4H trend chart - After Head and Shoulders pattern completed, price rapidly pulled back to 39500(around Fib(1.382)) We could see the Neckline from Head and Shoulders formed a Resistance zone for BTC currently. On the other hand, should note that Fibonacci retracement_1.382 and Vegas tunnel_576/676ema showed a support level. Next, we regard it as a Support zone for BTC; additionally, this zone is also the ceiling of Darvas box in previous consolidation zone(from 6/E to 8/E). Now, price is still consolidating between the 1st downtrend line and 576/676ema, then expect that a descending triangle is forming. - Bull: Therefore, if you are bullish traders, could observe 576/676ema have support in future or not. Once the support zone is effective during consolidation, 1st/2nd downtrend lines will be broken out eventually, then bullish continuation will goes on. - Bear: If you are bearish traders, aware of the support zone, and be patient until price touches the 1st downtrend line. Downtrend line gets resistance for price, so would easily pull back again. At that time, observe the price plunges through 576/676ema or not. Once price takes a nosedive through 576/676ema, bear market is coming.
BYBIT:BTCUSD.P
by EthanTW
What's next after ETH got a hammer !?On the left side 4h It touched Vegas long term tunnel and went up quickly. We got a hammer in the support zone . If it goes up the 12 ema and it will be confirmation. TP1: Fib 1 (4035.5) TP2: Fib 1.272(4548) TP3: Fib 1.382(4755.3) SL:2803 On the right side 1h In the green block it broke out Fib level 0.382 and went up with next candle. Let's combine the two candles and it can be a hammer. I thought it can be support confirmation. But it still in downtrend. Let's wait for the double bottom or another pattern ,it's safer for doing long !!
BYBIT:ETHUSD.P
by Rex_yang