DOTUSDT DAY TRADE@15MINS TFHI EVERYONE!!!
this is my small idea of day trade @15mins tframe its been a lot of patients waiting for the right and proper entry.. but its worth...
Waitingconfirmation
ETH USDT : Impulsive move or Pull back to previous levels?Hello guys, hope you are doing well.
Welcome to today's market analysis as a part of "Aglogains - Daily Trade series".
Ethereum is stuck in a range between 3200 - 2900 for the last 2 days, it looks like the market is consolidating here for a while given the fundamental news (US Infrastructure Bill) and other market factors.
Here are the two scenarios that could play out:
1. Either we need to see ETH breakout to form a new higher high and close above 3200, to confirm the continuation of the uptrend.
2. ETH could pull back to 2990 - 2900 levels to retest the support.
I suggest we wait until one of these scenarios plays out , if it does, here is how we can prepare to take advantage of the move.
Scenario 1: If ETH does breakout of 3200 with an impulsive move towards the upside confirming the continuation of the uptrend then, I would look for buying opportunities on the pullback @ 3160 - 3200
Scenario 2: If ETH goes down to the 2990 - 2900 levels to retest the support, I would pay close attention to any wick rejections or bullish engulfing candles to indicate buying pressure at these levels and enter a long trade here.
Let's see how the market plays this one out.
Do let me know if you have a different way to leverage the current price?
BTCUSDT is below historical resistance V2 🦐BTCUSDT is below historical resistance V2. If the price will have a breakout upward and flip the historical into new support, we can looking for a long, otherwise, if the price will lose the weekly support, we can looking for a short (short term).
At that moment we need to wait
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDCHF - neutral with reversalNeutral right now on the pair while we may get some ups and downs. If we keep seeing rejection from going down, we might say reversal is in place. Wait for confirmation first.
GBPUSD...are you ready for short order???it's look good setup on GBPUSD time frame daily.
If today candle closed as bearish engulfing, we can start to looking for short order position on next week
Total Market Cap needs a push for the BULLSAs you can see by the chart displayed, the total cryptocurrency market cap is in a clear Equilibrium pattern despite certain coins breaking into weekly uptrends and some getting within 1-2% ranges from bull breaks. We also have the 12 and 200 Weekly Exponential Resistances just above the current price which creates a more favourable trading environment for the bears on a weekly time frame.
The reason I argue that this is a more favourable trading environment for the bears is:
1- Low of Equilibrium pattern is around 3300USD so there is still a lot of room to the downside to for a higher low and continuing to tighten.
2- 12 and 200 exponential resistances overhead.
3- (Referring to BTC as a trade) Since we are a lot closer to the top of the Equilibrium range as opposed to the bottom, if one wants a bit more risk in their trade and doesn't want to await confirmation, a stop loss above EMAs or EQ top would be less of a margin then a stop loss below supports if a long position was taken.
4- The Macro Trend is still bearish. Until the trend is ACTUALLY changed, then the current trend has to be respected.
IF you are bullish, based off this chart and trading from the weekly time frame, I would not take any positions at the moment as an efficient risk management plan does not seem possible until a better set up occurs.
All in all, the best thing to do in this situation would be to wait for confirmation of a marketcap EQ break before entering long or short on trades. If I was forced to take a position, then as stated above, I would go short with stop losses in place from above EMAs to above EQ on BTC.
I am the Unemotional, Devotional Trader that Society doesn't deserve, but needs!
Waiting for ConfirmationMultiple confluences in play, awaiting for a 38.2 bullish candlestick variation or a 61.8 bullish candlestick variation. WE ALSO Have a Psychological level at a major Quarter in play at 1321.00 at the 38.2 fib and 1319.00 at 61.8 we will wait till a candle stick variation happens at one of the major quarters and wait for a play at one of the Fibonacci PRZ. if we have a prz reversal at the 38.2 then your take profit will be the 2.41, HOWEVER Essentially you want to have your first take profit at the 1.27 then if that breaks then go ahead and hold till the 2.41
TILL A REVERSAL CANDLESTICK HAPPENS THEN WE HAVE TO WAIT
