BTC respected my major trend line nr. 1 and has now made a good bullish push past the 40k level. If we are to continue on a bullish path, we have to see bars on the higher timeframe close above the next major resistance level around 44,5k.
It seems like Bitcoin is making head and shoulder. As you can see in chart left shoulder and head has formed now for right shoulder confirmation will be again rejection from 53k level. For short-time: btc can bounce till 53k level with multiple retest of 42k level. (Stop-loss: close below 47k) For mid-term: If btc close above 53k level and then stable itself we...
Currently btc is moving below resistance trendline and in the range of main support. Break-down from here can bring btc down to 32k and breakout above 52k is bullish in daily time frame. Currently btc is in demand zone from here we can go upward or downward both sides so for clarification we have to wait for further price action. Main support: 40k Bullish...
Welcome day traders and scalpers and the community! Looks like we are drawing a double top on the h15 chart. If you see things differently, write it in the comments. Feel free to request any pair/instrument analysis or ask any questions in the comment section ⛔ STOP and 🤑 Take Profit see in the chart I would like to mention that all I post are just options...
Price Action and chart pattern trading setup > symmetrical triangle breakout with smart money and banker chip volume support > Entry at confirmed breakout or pullback retest candlestick above the triangle support Indicator: bullish RSI above 50 strong uptrend and MACD crossed above baseline RR: 2:1 Target at 0.786 - 1 Stoploss below the triangle Always trade...
Watch out for false breakouts and execute the trade with a trend confirmation The "Diamond" pattern is very reliable and consists of four-sided price action. It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together. "Diamond" patterns are both continuation and reversal patterns. If the pattern occurs in the midst of a trend, it...
We have currently broken structure from bullish sentiment. I am looking for a continuation to the downside with a target of 153.425 levels with consideration of possible retrace in the zones of 154.500 - 154.812 levels which will line with price action, QP levels, and supply. My bias is short unless the market specifies otherwise.
How it works ? Ask me in comment my chart analysis of the asset you want if it didn't have already done under. If I find something intersting to say and show, I will update the idea with it. A comment of each asset expose will be post under, come react about it or debate. Before to start I want to remind that we are in a period of conflict and news can emerge at...
As it can be noticed from the DAILY timeframe chart, the price has been dropping non-stop. After a strong impulsive move, a correctional move is needed. Therefore, we are expecting for the price to keep rising in the short run and reach the 1.114 area of previous support now turned resistance. Our long-term bias still remains bearish. Therefore, after the...
As it can be inferred from the chart analysis, the price is slowly approaching the zone of previous support now turned resistance. The same zone also lines up with the upper boundary of the formed downtrending parallel channel. We are gonna closely monitor the price action around this area before opening short positions and aiming for the zone of support...
Gold has been moving in an uptrend for several days, for the entire month of Feb 2022 to be exact. Current price movement suggests that Gold might be over extended. We have started seeing signs of potential price exhaustion by the formation of a key level. We have also spotted other two signs that Gold might be preparing for a short term correction which include...
Looking for both buys and sells today. Buys above 2010,53 with clean traffic to the left to continue the bullish momentum makes the most sense here today. Sells below 2002,84 means gold made a fake out on the higher timeframes and therefore expecting it to continue further down.
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. red lines are most...
First this idea is attached to another idea I've posted last year, you can find it attached to this one and it explain all the pattern we are working here: the Wyckoff Reaccumulation on Copper (HG1!). So you will find here, my entry, my plan for this trade and the update about the related idea. I will also do an update about the materials market, expectations and...
Gold has been on a bullish movement throughout the past two weeks, after breaking the 1900.00 zone extending to reach 2050.00 mark. There is a high weekly resistance at the 2050.00 mark, am expecting price to hit the resistance and likely go back to 1900.00 or possibly 1800.00 to retest to the weekly trend line amd take out the liquidity at the weekly FVG at that...
BTC still respecting the nr. 1 Major trend line with a fake out on the 4h timeframe. Still waiting for BTC to close above resistance for an extra bullish confirmation.
Hi friends. As shown in the chart, bitcoin seems to have an upward correction and then will continue to decline. There is a price target in the chart.
Hello to everybody, let's check Matic. Currently below bearish trendline and still going down. If you check RSI you will find bullish divergence on RSI. How to trade? You can accumulate now or wait for the break of the trendline. Targets - 1,6 - 2 - 2,5 USD