Aggressive buys on EURUSD Yesterday we saw price reacting to 1,0678 which could be the bottom on the H1 trend.
This is also a chance to enter aggressively right now with stops below 1,0678.
It's considered aggressive only because price could reach the stop loss and this won't mean the trend has reversed, therefore price can then continue in the same direction.
However, we're looking for a good risk to reward ratio with low risk.
The targets will be at least 1,0860 and once the move begins we will be able to find out the specific levels as well.
If you are more conservative trader, we recommend to skip this one and focus on something else to trade!
Zone
Bitcoin price fluctuation zoneWe are currently in a long-term uptrend, which has intensified sharply since March 21, 2020, and continued until April 2021 due to the Corona Virus and economic impacts. However, this trend experienced a rapid decline due to numerous news and high price rises, which then went back to the previous price and even higher, causing a fake exit to its downtrend channel, which many analysts mistaken analysts that the uptrend in Bitcoin would continue at the same rate of $100K, but over time it became clear that the exit was fake, from where the downtrend began and the trend continues for 60 days... .
Bitcoin is currently fluctuating in the range of 29,000, which is a support point.
On the other hand, the amount of money in the Tether marketcap has reached its maximum, which is similar to March 2020, which was the beginning of the great upward trend of Bitcoin, and may start again from this point, but the point is that The floor of the large ascending channel has not been hit. So it is likely that bitcoin will continue to fluctuate within the zone indicated in the chart to start the uptrend again, but everything is probable and the only thing that is clear is that the candlesticks are always moving forward.
Support of $22K and the ceiling of the descending channel is $43K in this range.
ETHUSDT Wants to retest the monthly support on 1800
The market lost the support on 2460$ and retested as new resistance before a new bearish impulse until the monthly support on 1800$
The price is creating a pennant on the 4h timeframe, and the market created the demand zone on 1800$
How to approach it?
IF the price is going to grave new liquidity from the demand zone, we can add in our watchlist in order to apply our rules for a new long position
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Can this scenario repeat?Last time, the price moved slowly up after getting support from the SMA-200.
After that, the Sell Pressure Increased in the supply zone and the price dropped fast.
After a reversal in the demand zone, it gained support from the SMA-200 again.
Now we have to wait and see what the price reaction is after approaching the supply zone.
NEARUSDT needs the liquidity from the Demand Zone
The price is going to retest the demand zone between 2.5 and 5$ here the first bullish impulse started.
On the weekly timeframe, the price had a double top on 20$ and the market melted until the demand zone.
On the 4h timeframe the price is going to create a descending channel above the demand zone.
How to approach it?
IF the price is going to get new liquidity from the demand zone, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
What I am looking to see for NASDAQ, Wed 5/11/2022We had a both way stop hunt yesterday and the price is actually ranging between the 2 lines.
I am more likely looking to BUY when I see this on chart :
will buy in case of a 4H candle close above the line, making a HH and will add with the retrace ( not risking more than I should, for sure )
SL : will be updated
TP : next zone ( 12721 )
II) I will SELL in this case
I will sell in case of a clear break below the zone with enough volume (*) and a clean retrace and break below the line making a LL.
SL : will be updated
TP : will be updated
* : Only a strong bullish or bearish candle is accepted.
CAUTION :
Trading is a game of Patience. I don't trade in ranging days and only execute when market has already decided where to go.
Please Like, Share and follow for more Ideas to come
If you have any questions let me know in comments bellow
Thanks for the support
DISCLAIMER
I am not a registered investment, legal or tax advisor or a broker/ dealer. All investment/
financial opinions expressed by me are from the personal research and my own experience
and are intended as educational material.Although best efforts are made to ensure that all
information is accurate and up to date, occasionally unintended errors and misprints may occur.
Bitcoin is likely to experience an uptrendhi guys
If Bitcoin loses its current support, it will enter the range of 37,500 to 3,500, which contains a harmonic bullish pattern, but I think Bitcoin will experience a bullish move and rise to a price of 45,000, but at 45,000 Bitcoin 2 It has static resistance and 2 dynamic resistances And I also found a RD+ divergence that could be a sign of an uptrend for Bitcoin
GRTUSDT wants the demand zone?The price is testing the support on 0.35$ after a rejection from 0.40$ weekly resistance. If the market is going to hold the support we could see a Inverse head and shoulder, But if the price is going to lose it, we could see a new bearish impulse unit the demand zone on 0.32$
So how to approach?
We are waiting for the breakout to the downside, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
GMT GOING DOWN???Gmt had very big pump and honestly it was overbought.
Now it had bos to downside and I think it will reach upper zone (supply zone and then continue to go down)
I expect scenario like drawn on chart.
This is my plan:
I will short when supply zone get reached(if it gets reached soon) and my last tp will be at 2.45 ( I will take profit manually as trade goes)
and then when it reaches demand zone I will long with sl below that zone and tp at 3.6 which should bring over 50% without any leverage and very big rr ratio!
THIS IS NOT FINANCIAL ADVICE,JUST MY OPINION!!!
JASMY CONFIRMED 3X INCOMING!!!As I posted in one of my first charts on profile, jasmy reacted very well from demand zone on 4h tf.
Whats next?
Wait for pullback and retest on new demand zone on lower timeframes( 0.0179-0.0172 area)
This represents change of character on bigger timeframes and break of structure on lower timeframes.
Now price needs to pullback and retest new demand zone so it can continue to make new highs.
Drawn arrow is how I expect jasmy to move in next period. Dont short it at supply zone drawn on chart because it may be broken fast!!!
THIS IS NOT FINANCIAL ADVICE, JUST SHARING MY OPINION!!!
BULLRUN CONFIRMED !!!!USDT.D reached supply zone as I posted few days ago. It reacted so good from it and broke low from before and made break of structure.
When this happen demand zone gets retested again and coin ( in this case usdt dominance) will drop so much and make lower lows.
For those of you who dont know usdt dominance is precent of mcap in usdt. When it grows whole market is going down and also when it goes down market pumps.
WHAT SHOULD YOU DO NOW?
1. Most of coins had broken highs from past and reacted from their demand zone, now its time to retest those zones and you want to buy in that time because some coins will even reach ath.
2. You can also short market till that area but I dont recommend it because its going against trend
3. I will go all in different coins or long swing positions from which i expect over 300% with 5x levarage.( i recommend using lev 3 max)
Check links below this post that i posted and ou may be intested in!
NOT FINANCIAL ADVICE,JUST MY OPINION!!!!
Average price BTCBTC is in a daily zone with a nice average price of 47K.
The market average price can be used as a magnet, price will eventually come back to the middle price.
The further it goes from the middle the more probability it will come back to the middle.
The more above the better SELL opportunity's
The more below the better BUY opportunity's
Hope this can help you deside where to buy or to sell BTC on the longer timeframe
No financial advice
btc moves i think btc with two reject from weekly zone(the yellow circle) that part of monthly zone have a nice possibility for bullish move that now have it
so the moves bitcoin may have in future base on supply and demand zone and order flow can be like that ( the green and black and red paths )
if bitcoin can break the zone that have it right now(49 to 51 price) i can see the 90k price maybe
comment ur idea and tell me what u think
Are we going to see a pullback on EURUSD?In order to enter a short trade, first we want to see a pullback to around 1,1000.
After the news yesterday, there were some fluctuations without a clear direction.
hat could be a suitable moment for a pullback to the sell zone.
We're not looking to enter right now, and in case of immediate drop in price, then we will have to wait for break and re-test of previous lows.
The final target remains below 1,0800.
Mental Flexibility - Reason WHY people lose their deposits 👀Hello dear community member 🙌
Do you agree that mental flexibility is one of the most important qualities for a trader? Let's discuss:
• Why is it important
• What happens when a trader does not train the flexibility of the mind
• How to develop it and improve your results in trading
You don't need to look far for examples of why this is important. Let's remember the fall of the 21st, when everyone was expecting the endless growth of the crypto and the imminent capture of the world by dogecoin adherents and Elon Musk. What happened to these people after November? They continued to long into the short market and most of them lost their deposits.
Why do our eyes get blurry? After all, a month after the wrong decision, we hesitantly look back and think: "God, what an idiot I am, how could I not see this ?!"
Man was created in such a way as to adhere to a given plan and not deviate from it even a step. Our hairy cave ancestors saw the mammoth and could follow it for days until it separated from the herd and became a convenient prey. If they hesitated and looked from one mammoth to another, their chances of returning home with prey would be greatly reduced.
"If you chase two hares, you won't catch either"
And it so happened historically that we like to focus on one thing and in many ways it is useful - ONE job, ONE family, ONE faith, ONE and the same bigmac at McDonalds. However, in trading you need to be open to alternative opinions and be able to quickly change your own, because this is a matter of life and death of your deposit.
There are a couple of ways to develop flexibility. From the simplest to the most complex:
🏅 Community. By joining the elite club of experts, you will always get a lot of cool ideas and understand the mood of public. It will become easier to make decisions, as well as change your mind.
🏅 Alternative plans. By preparing the main scenario and the alternative one, you show your brain that both options are acceptable for you and subconsciously you will be more open to a change in the wind.
🏅 Meditation. Daily practice of meditation helps to better feel your inner "I", streamline thoughts, weed out the unimportant, and control your own ego.
Choose what you like and let's build a strong community together!
Have something to add? Share your opinion in the comments.
If the post made you think, like it, so I will understand that it was useful for you and I will be motivated to write more. Be sure to write about what else you would like to hear.
GBPUSD - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last analysis (below), GBPUSD rejected our upper brown trendline and traded lower.
Now GBPUSD is approaching a strong support zone.
The lower highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.29-1.3) and brown trendline. (acting as non-horizontal support)
As per my trading style:
As GBPUSD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich