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BTC ANALYSIS 21/06/23BYBIT:BTCUSDT.P WE ARE BACK! with yet another but positive BTC analysis. So yes, that 200EMA and that level of support that we were at was a genuine bottom and we have bounced back for an exciting bullish run (remember everything is uncertain, but there's no problem in pushing your perception with confidence). I think we see a sell off around the 35,000 mark which is an obvious price but before this I think we have a beautiful leg up too that area of resistance. From here over the next few days I would be setting limits and trying to scale down to catch them perfect long positions. It's all up and down just wait until it turns around on a larger TF and bump down to the smaller TF to catch an opportunity. TRADES I AM IN: CVXUSDT, BNBUSDT Feel free to ask any questions, thanks guys.
Long
by fusfamily
Trading XAUUSD with Support and Resistance ZonesPicture this: the XAUUSD trading pair, Gold versus the US Dollar, is like a playground game of tug of war. On one side, you've got the bulls (buyers) yanking the rope, trying to pull the price up. On the other side, you've got the bears (sellers), doing their best to yank the price down. Now, imagine there are lines drawn in the sand on each side: these are your support and resistance zones. They're like the castle walls in a game of Capture the Flag. The resistance zone is the bear's castle, a fortress where they gather strength and beat back the bull's offensive. The support zone, that's the bull's stronghold, where they rally and make a stand against the bears. Now, we're going to zoom into our tug-of-war game with a telescope, getting a closer look at what's happening in the 15-minute intervals (the M15 time frame). Suddenly, we see the war isn't a continuous tug, but a series of fierce battles fought at the castles. When the rope (price) reaches the bear's castle (resistance zone), the bears often successfully repel the bulls, causing the rope to recoil towards the bull's side (price goes down). Likewise, when the rope gets yanked to the bull's castle (support zone), the bulls gather their strength and push back, sending the rope back to the bear's side (price goes up). But castles aren't impregnable. Sometimes, the attacking team (bulls at resistance, bears at support) breaches the castle walls, causing a chaotic scramble (price breakout). These breakouts are like the moments in a game when everyone gasps, drops their hotdogs, and scrambles to see what's going to happen next. And because our game of tug-of-war isn't happening in a vacuum, outside influences—like that obnoxious park squirrel (unexpected market news)—can change the rules or shift the battleground lines (alter support and resistance zones). Remember, this isn't a foolproof guide to winning the game—it's just one way to understand the strategies in play. And even though it's a game, we're playing with real money, so don't yank on that rope unless you can afford to fall in the mud. Always use your helmet (risk management strategies). And remember, sometimes, it's okay to let go of the rope and enjoy a sandwich (take breaks from trading).
FOREXCOM:XAUUSDEducation
by torricelly
1
NQ Intraday Analysis 04/19/23Hi all, welcome back to a new morning :) Without going into the nitty-gritty, NQ is holding a major zone right now (simplified to the most recent area) and the market has extended almost 300 points within a day. I am expecting two scenarios at the opening area which will define how I act for the remainder of the day: Scenario 1: Mean reversion long - Bulls are able to hold the major zone and end with a maximum target around 13300. Expect possible shorts around 13300 if shorts begin to hold major zones. Scenario 2: Breakout short - Bulls cannot hold the major zone and the market breaks the low of the zone with a close. If bears can hold this zone on a retest, expect short scalps with the first minimum target around 13025. Risk of reversal long back above the major zone should be taken into account. Of course, this is not financial advice and I have my own data used to validate this opening plan; please always perform your own research and judgement! Good luck and I hope all of you have a great day!
CME_MINI:NQ1!
by Billy_FX_
Bullish Gold For the Week Ahead!Since it's been a long time since my last post, I decided to Share more short term and with higher frequently posts, which contains more educational contents and Terylizing that is my own technique of analyzing market looking into three stages (News and fundamentals, sentiment of market and price action). I wish we can have a good society here together pals. You can also Follow me on FX baby pips there and Here I try to answer to different questions by newbie pals help them understand concepts better. Now about the Gold: With the news through the week which aren't expected to be hawkish for US dollar I expect to Gold continue to move upward but maybe with a slower rhythm in a uptrend (not a spike). Please Don't take trades just on this analysis without a good risk management plan, Everything in life without proper risk management is Dangerous why should trading by apart of it. Also if you want to trade try to find best zones that you don't loose the chance but also trade at best prices.
OANDA:XAUUSDLong
by MpRarssa
YFIUSD: Bullish Consolidation Setup to Recover 3 Macro ZonesYFI right now is attempting to break above the zone it failed to break above before and appears to be heading into the level with much more strength than last time after a short term period of Consolidation. Now it is Broken above the 200 day SMA and getting ready to test the previously failed zone as support. With this i'd expect it to complete a meaesured move of the Consolidation Flag, which would take it up 40%, after that it could pullback or be done; but the macro structure overall would kind of demand that; YFI in time, rise back up to $15,000 and maybe even $75,000 to complete the Squaring Up process.
Long
by RizeSenpai
Adding Pivot Points to the Zone PredictorAfter a few years of development on the Zone Predictor indicator/strategy, it was suggested to add Pivot Points to show confluence between the trading Zones and the Pivot Points on a higher timeframe. By adding the Pivot Points, one can clearly see the levels at which there may be a better opportunity to trade the Zones around. This chart is MNQ using 40 range bars (just to show 10 point moves in that market). The Zone Predictor provides the trading target areas and by showing the Pivot Points taken from a 15 min timeframe, it becomes more clear which are Zones that have greater potential. Using different lookback lengths on the Pivot Points also shows where levels have been touched and breached multiple times.
CME_MINI:MNQH2023
by NorthStarDayTrading
7
USDCHFBoth 1H timeframe Left chart we have zones, 50ema, trendline break, fib 50 - 61.8, support If price pulls back to support and respects we could potentially have 3 - 4 confluences 1) support respected 2) price above 50ema 3) fib zone 50 - 61.8 3) trendline could be respected giving us a 3rd touch which aligns with support, 50ema and golden fib zone 50 - 61.8 Right chart we have an SMC concept markup 4H supply order block was mitigated friday so at present if price respects supply are in control so price could pull back I anticipate price to reach the discounted order block to be mitigated and look for LTF confirmation to look to go long 3 confluences i would look for 1) 1h demand order block to mitigate and hold 2) 1h demand is in discounted (better pricing) 3) If LTF confirmation presents pull the trigger. IFC (inneficiency), IMB (imbalance), FVG (fair value gap) are all the same thing it's basically an imbalance of price that could and probably be filled at a later date
by stoko29
SOL - USDT 4HChart, resistance and support zonesHello everyone, let's take a look at the SOL versus USDT chart over the 4 hour timeframe. As you can see, the price is moving below the downtrend line. Let's start by marking the support line and as you can see, when the price starts to fall, we have a support zone from $ 28.42 - $ 27.73. Looking the other way around, the price is currently at the beginning of the resistance zone, which is between $ 28.95 - $ 30.25. Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, and the MACD incidentator indicates that the blue line crosses the red one from the bottom, which confirms the trend shift into an uptrend.
by cryptodailyuk
2
Daily review of BTC interval 1HHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving below the uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19050, if the support breaks down, the next support is $ 19,022 and $ 18,994. Now let's move on to the resistance that price has to break first and here we see a resistance zone from $ 19163 to $ 19222, only going above this zone can bring about further increases. Looking at the CHOP indicator, we can see that in the 1-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
by cryptodailyuk
2
CAKEUSDT - 1D Interval - Resistance and SupportHi everyone, let's take a look at the CAKEUSDT chart on the 1 day time frame. As you can see, the price of the cake is moving in the uptrend channel and is currently at the lower end of this channel. Although the price is at the lower end of the current channel, we are also in front of an important resistance zone that starts at $ 4.57 to $ 5.14. If we manage to break the resistance zone, we still have resistance lines at $ 6.79. However, if the price starts to fall, you need to look at what support we have in front of us and you can also see that the first important support zone is from $ 4.1 to $ 3.78, if the support does not hold the price, the next zone starts from $ 3.48 to $ 3.04. It is worth paying attention to the CHOP indicator which indicates that we have a lot of energy for the next move, while the MACD indicator indicates that we are in a downward trend.
by cryptodailyuk
Total MarketCap in undecided regionThe marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation. Total is the marketcap of all cryptocurrencies. In the graph, the index is in a zone of extreme congestion. It is between the yellow lines, being one of support and one of resistance. There is also a wedge represented by the blue lines. Considering these lines, I divided the graph into zones. Zones: There are two blue triangles. The one above represents a bullish zone, while the one below a bearish zone. The purple area is where the price tends to go if the scenario continues like this. The red zones are the hardest regions to reach, at least for now. The gray area is for thinking maybe only next year.
CRYPTOCAP:TOTAL
by andre_007
GMTUSDT review 1D IntervalHello everyone, let's take a look at the 1D GMT to USDT chart as you can see the price has come out of the downtrend channel and is moving on the verge of returning to that channel. Let's start by setting goals for the near future that we can take into account, in this case we have two zones of resistance First from $ 0.7405 - $ 0.8305 and Second from $ 1.0913 - $ 1.2240 Now let's move on to support in case of further market downturns, and as you can see in the chart, we have two important support zones The first zone from $ 0.6099 - $ 0.5310 where the price is currently located Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.
by cryptodailyuk
2