Bitcoin probabilities: 60% Bullish vs. 40% Bitcoin’s Bullish Momentum is Losing Ground—60% Bullish vs. 40% Bearish Probability
The bullish case for Bitcoin has weakened slightly due to several conflicting signals across different timeframes. Here's the breakdown:
Bullish Factors:
🚫 Monthly PCL disrespected
✅ Monthly Bullish FVG respected
🚫 Weekly swing low disrespected
✅ Weekly Bullish FVG respected
✅ Daily Bullish FVG respected
🚫 4H swing low disrespected
🚫 4H swing low swept
Bearish Factors:
✅ Daily swing low respected
✅ Daily swing high respected
✅ Daily Bearish FVG respected
🚫 Daily Bullish FVG disrespected (so far)
Given the mixed arguments, it’s crucial to wait for further confirmation before making any moves. Strong economic factors expected this week could shift the market. Don’t get liquidated—patience is key! 🧘♂️ Master it to stay profitable. 🏆
Waitingforconfirm
FIL ANALYSIS🟢 #FIL Analysis : Waiting for Breakout 💰💰
🚀🚀As we can see that #FIL is trading in a DescendingTrianglePattern. If #FIL breakout with good volume then we can see a big bullish move 📈📈
🔖 Current Price: $5.488
⏳️ Target Price: $11.000
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#FILAnalysis #Cryptocurrency #WaitingforBreakout #DYOR
USDCHF - SELLHello traders! I'm just getting ready to sell USDCHF as soon as I get the right signal, how do you see it?
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%
In this way, I ensure that my equity curve grows consistently without significant dips.
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
17K called bottom but over or not over?This is very interesting… 17K called bottom and we aren’t far away from 10K.. and 15K.
So this is what I see so listen up, if this called bottom then we should expect break those 2 important resistance for breakout.. especially pass over 30k.
But we might see more a little drop with a dip towards 15 or 10K if that 17K support breaks. We will see please keep an eye and dont miss the buy area opportunity only IF CONFIRM
GbpAud Long termGbpAud has been down for 2 months, it means we had big strength from Aud without any pullback.
Now Audusd has reached super resistance and now it's reacting , it means if Audusd is going short , GbpAud its directly concerned from Audusd pair and GbpAud will go long.
We can find here a good position for long at :1.7275 with a stop loss at :1.7170 and profit target reward 1:4x2 at price 1.7720.
GbpNzd Long Term1Gbpnzd has been down about 2 months, it means we had big strength from nzd without any pullback.
Now nzdusd has reached super resistance and now it's reacting , it means if nzdusd is going short , gbpnzd its directly concerned from nzdusd pair and gbpnzd will go long.
We can find here a good position for long at :1.88000 with a stop loss at :1.87000 and profit target reward 1:6x2 at price 1.93500.
ETH UpdateNow let's revisit our ETH-BTC chart. The upper support line appears to be holding, however the downward momentum looks strong enough to push price to the lower support line. The Aqua path now seems the most likely to me, however I'm not totally convinced the lower support will hold either. Regardless, I'm waiting for ETH to enter my Buy Zone before I'm interested in taking a long position.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
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Bullish Case, Bearish CaseI'm currently Neutral on BNB as there is no obvious entry here for the way I trade. However, I can see reasons to be both bullish and bearish.
Bullish Case:
BNB may be completing the Handle of a C&H pattern. The Cup isn't exactly pristine, but that might just be a casualty of charting against a volatile asset (BTC). Consider a high-risk/high-reward smaller long position here.
Bearish Case:
BNB is ranging and it's recently bounced off the top of the range. Sell pressure *could* push BNB back down to the bottom of the range.
Either way, I'm on the sidelines here until I see a more interesting entry.
Good luck and Happy New Year! :)
AUDUSD - SellHello people!
On the Australian dollar chart, we are close to the opportunity to sell, if we are patient and the price reaches the drawn supply zone, I will wait for a signal and possibly sell! Since we have a sharp trend at weekly TF, I expect some price reduction before strengthening upwards ...
🧐🧐SEE THIS BEFORE SELLING BITCOIN🤯🤯Hi Trading view Family, Theres lot of noise on social media regarding selling bitcoin, But we should see this scenario before selling bitcoin.On dailt TF we can see a trendline with fib retracement, And till now it is retraceing 0.382 level with 20 EMA support. Along that we also can have testing of 0.5,0.618 level on fibonacci retracement. And high chance is that it can take support from one of these 3 levels and continues its uptrend. So take actions carefully
Date of Analysis:-16 November 2021