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Weeklyzone

Let's tap that $17.2k liquidity shall we?Good morning Traders Bitcoin (BTC/USD) has been expanding in a corrective manner since the covid crash back in March. I reckon there's a pretty decent possibility that the current uptrend and final C wave of (B) completes somewhere between $16-19k to complete a macro regular flat correction. IMO we should get a 1:1 extension of (A) which would have bitcoin retesting an untested weekly order block above $14690 with potential for an untapped liquidity grab above $17.2k. ITO time, I'm expecting (B) to complete close to the end of 2020 with confluence of fib time zones (one beginning at the start of the 2015 macro uptrend and the other beginning at the end of that uptrend and beginning of the current macro correction in December 2017). Bitcoin might have broken above major trendline resistance, when connecting the highs, however the same can not yet be said about RSI, with major momentum resistance still ahead. Once B is complete, I'm expecting a 0.618 golden retracement of B in the form of a 5 wave impulse to complete macro wave C, potentially only completing the macro correction sometime at the end of 2022. A 0.618 retracement has confluence with channel support and a major weekly demand zone at around $6k. Good luck and happy trading!
BITSTAMP:BTCUSD
by Piggy_Profit
GBP AUD rangeWe have an update to our trade - we took sells at the rejection and are stuck in a nice 250 odd pip trading range. Neutral range - but we anticipate long term buys. We are waiting for the break of our trend line - as the USD is gaining strength and the GBP has got alot of short orders against the Dollar. However the Aussie has had orders shorted for the past 13weeks. GBP with 54% short - 42,071 AUD with 69% short - AVG (13) - is 61,487 What can we see technically? - Daily bearish but breaking momentum short in the channel. - weekly bearish zone touched - bounce from the demand zone zone. - we can see the trend beginning to add long positions to correct. - we have made lower lows and lower highs- showing the correction - now in a consolidation zone with some great wicks formed and a reversal to the upside. Where to enter? Follow your plan we entered at 1.793 and 1.794 as we could see these zones lining up with our analysis we have further buy limits at 1.78 if price reaches the lower weekly deep retest. we also entered sells at 1.8115 & 1.8070 respectively. All trades risk free Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted. Trade what you see, this is purely our Bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. Thanks, Team Lupa.
by LupaCapital
LTCUSDT the Sleeping Giant | Resistance Confluence| Weekly RangeEvening Traders, Recent developments on LTCUSDT have not been much, lagging behind the broader market in general. From a technical stand point it needs to break above the weekly resistance zone for an impulse move. Points to consider, - Immediate trend bullish - Resistance multiple confluences - RSI above 50 - Stochastics buy cross (larger time frame) - Volume influx likely LTCUSDT’s trend is respecting its local support establishing higher lows into the weekly range, the next trade location. Current resistance has multiple confluences, the .382 Fibonacci and structural horizontal needs to be breached decisively to enter the weekly range The RSI is above 50 whilst the stochastics has recently established a buy signal, both clear on the higher time frame. This can be an indication that momentum is shifting Volume influxes are probable in the weekly resistance zone, historically has been the case. A break above weekly resistance will be the long confirmation as LTCUSDT has been lagging against the market. What are your thoughts? Please leave a like and comment, And remember, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”― Yvan Byeajee
Long
by AzizKhanZamani
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