Bitcoin Analysis in 4 Hours 🌈Hello good time🌟
There are currently two scenarios for Bitcoin.
Scenario number one: collecting liquidity at the $18,100 level and moving towards the $20,300, $20,550, $20,780, and $21,700 targets.
Scenario number two: collecting liquidity at $20,500 level and moving towards lower prices of $18,400, $18,100, $17,600.
In both scenarios, we see an increase in the price of this cryptocurrency.
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Arztoday Team🌈
Analyzer✍: AR.Rashidi
Volumeanalysis
SPX + VIX Major Market Bottom Set Up: If not here, where?Confirmation of Major Market Bottom: Clean Bottom in June plus a retest today that corresponds with extremely oversold conditions by most metrics, Tech @ Long-Term Support & Rates and USD extremely overbought-
June Bottom- Volume Spike @ low of positive px action on the SPX, with the VIX vol Spike on Negative Px action- Both confirmed with follow thru px action following weeks.
Retest: Long way to go today but a close on SPX Greater than 50%(~3650.50 atm) of todays range combined with a close Less than 50% of todays range on the VIX(~32.80 atm), creates a strong probability of a bounce which could turn into a major market bottom Odds get better if we get a volume spike as well today.
Conclusion: Great spot to get Long risk assets for investors of with a time Horizon longer than 1 day.
CHK daily bullish hammer CHK daily bullish hammer at MA 100 retest gap and good volume. Stop loss below MA 100, take profit at next resistance. Gotta be short since countertrend and earning are ahead of us.
ADBE bullish hammer on daily sick tradeADBE bullish hammer on daily sick trade. Technically gap and go, but see how ADBE made gap and goes that didn't go twice through the downtrend, why wouldn't it do the same again?! Stop loss under monthly MA 100, take profit on daily MA 100. Play it wide. I mean, look at this volume.
CAD/JPY Volume Profile and Price action analysis On CAD/JPY is nice to see strong sell-off from the price 108.200 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + S/R zone from the past + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
CAD/CHF Resistance On CAD/CHF is nice to see strong sell-off from the price 0.73080 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
SPX Breakeven 9/19/22Moved my SL too early and flushed out at BE.
Not a lot of volume on SPX shown until 10:02am at the TDO. NAS showed the volume kick in just before the bell and 9:32am was the actual move up.
NAS made a HL while SPX and US30 both made LL on the daily charts. Then on the 4H we saw the first up candle and price held inside of that candle with volume to the upside.
Things to improve:
Trade management, leave my SL alone, it's there for a reason. When risk is properly established then there should not be a reason to make any adjustments to it. Needed to practice a bit more patience.
Things done well:
The setup, building this hypothesis was well thought out. Both side of the possibility for a continued sell and a rejection buy were setup.
Risk management, even if I'd loss the entire trade I was only wagering 0.25% on the trade
$XRP - Road To HELL or HEAVEN ?Hello my Fellow TraderZ,
Today we going to analyse the chart of the BEAST In-Survival - $XRP.
On DTF, we can see here #RIPPLE is forming an Inverted HEAD & SHOULDER Pattern. The break of the TrendLine is done and a Retest in progress.
Well, we have Two Scenarios here :
1. Price closes the Daily candle above the both EMA55 an Neckline of the Inverse H&S which will maintain the validation of this pattern
2. Price closes the Daily candle again below the Neckline and EMA 55 which would invalidate this pattern further. This is more likely as the Today's SELL volume is stronger than the previous Days' volume.
Keep an close eye on $XRP in both the scenario as this WEEK will be very volatile on either side for Global Maket.
Happy Trading . CHEERS !!!