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BTC MACRO - Short to Long - My TakeHello everyone, This is a result of about a year of analysis on Bitcoin, and I will explain my take. First and foremost let’s understand the timing of the market - we have several large conduits this week - most importantly the NVIDIA earnings report in just a few hours. This news conduit should be fuel to see volatility enter the bitcoin chart. Bitcoin has been in a steady upwards trajectory for 1.2 years now - without any major retracement to the downside. We must ask the question - why? It’s of my opinion that what really moves bitcoin is the stop losses of leveraged positions. Think of these stop loss orders as buy / sell orders that are in place - without automatic fulfillment of price is above / below. In other words, the leveraged (key word) limit orders are in the chart already - as a result of stop loss orders of a direction of trading. Here we have a massive order block below us of long position stop losses - not only are these orders (sell orders) in place - they are leveraged. Meaning a trader with $100 in a long - using 100x - is creating a SELL order for $10,000 below his entry. If we understand the current chart this way and look at the massive open gaps below us - we can view this as “propellant” to drop the price at incredible speed and distance. Think of this as a chain reaction of orders - not ordinary orders, but leveraged and multiplied orders. With liquidity leveraged, we can translate this into leveraged speed and distance as well. At precisely the 21,500 to 22,000 location there is a bullish retest as I show with a pair of trendlines. We have the appearance of a bear trap (shown via the pair of bearish parallel lines) - and a measured pole height (shown) taking bitcoin to that exact location - 21,700 approximately. This is a very large bull flag pattern that can execute a measured move to the 70-80k range following - as we know this is a range of great interest for bitcoin. So while I do see us hitting this all time high - I don’t see that happening before the 22k zone is tapped very quickly. Not only is this a bullish retest with supporting patterns, we have massive order blocks in the chart to support this, and a substantial news conduit to support this event occurring. This is my take on key bitcoin levels - and I trust I provide to you enough supporting evidence in the chart to demonstrate this is a product of many months of time and effort. God speed and good luck to all. We all share the same goal - to understand this bizarre marketplace.
Short
by DickDandy
1
How to Trade Support and Resistancesupport and resistance levels are crucial concepts that every trader needs to grasp. These levels represent key points on a chart where the price tends to reverse its direction. By analyzing historical price action, traders can identify these areas and strategize their trades based on how the price reacts upon reaching these levels. The Simplicity and Complexity of S&R While the idea of support and resistance is straightforward to understand, effectively trading these levels can be challenging due to psychological barriers and emotional involvement. Mastering support and resistance trading isn’t just about recognizing patterns; it’s also about understanding the human emotions driving those patterns. What is Support and Resistance Support is a price level where a currency’s downward trend is expected to pause due to a concentration of demand. It’s where buyers step in, viewing the currency as undervalued, thus preventing further price decline. The OANDA:XAUUSD chart above depicts a notable support level of 2031. Historically, when the price of Gold reaches this level, it tends to initiate an upward trajectory. Traders can identify potential trading opportunities at this juncture and consider establishing long positions after the confirmation signal, such as a break of structure, signs of a liquidity sweep, or the order block. Traders can also use the bullish candlestick pattern as an additional signal when considering support zones for buying opportunities. In the FX:EURUSD pair, there is a noteworthy support zone extending from 1.0648 to 1.0666. Over several instances, the price has consistently demonstrated a pattern of bouncing upward from within this range, as illustrated in the chart. Let’s see another example of support zones with stop-loss hinting. The price level at 1.08924 serves as a significant support zone; however, it’s important to note that smart money often orchestrates moves that trigger stop-loss orders before driving the price upwards. Later in this S&R trading guide, we’ll delve into a detailed discussion of the concept of stop-loss hunting, complete with illustrative examples. What is Resistance Resistance levels are price levels at which the price tends to move in a downward direction. Let’s analyze the chart provided above. The circled areas on the chart represent strong resistance zones where the price tends to move in a downward direction in the EURUSD pair. It’s worth noting that quite often, the price moves downward after triggering stop-loss orders in these areas. This phenomenon can be observed frequently in any currency pair. The Psychology Behind These Levels Fear and Greed: These are the two main emotions at play. At support levels, fear (of prices falling more) meets greed (for buying at a low price). At resistance levels, it’s the opposite; greed (for higher selling prices) meets fear (of prices dropping). Group Thinking: Many traders are watching the same levels. When a lot of people act the same way (buying at support or selling at resistance), it reinforces these levels. Self-Fulfilling Prophecy: Because so many traders are watching these levels, their reactions to them can make the support and resistance predictions come true. Formula of Support and Resistance Pivot Point Calculation The Pivot Point (PP) is calculated as the average of the high, low, and close prices of the previous trading period: Pivot Point (PP) = (High + Low + Close) / 3 First-Level Support and Resistance First Resistance (R1) This is calculated by doubling the pivot point, then subtracting the low of the previous period. First Resistance (R1) = (2 x PP) – Low First Support (S1) This is found by doubling the pivot point and subtracting the previous period’s high. First Support (S1) = (2 x PP) – High Second-Level Support and Resistance Second Resistance (R2) This level is calculated by adding the difference between the high and low of the previous period to the pivot point. Second Resistance (R2) = PP + (High – Low) Second Support (S2) This is determined by subtracting the difference between the high and low of the previous period from the pivot point. Second Support (S2) = PP – (High – Low) Third Level Support and Resistance Third Resistance (R3) Calculated by adding twice the difference between the pivot point and the low to the high. Third Resistance (R3) = High + 2(PP – Low) Third Support (S3) Found by subtracting twice the difference between the high and the pivot point from the low. Third Support (S3) = Low – 2(High – PP) These pivot point-based support and resistance levels are crucial tools for traders, providing potential points of market reversal or continuation. The pivot point is often seen as a marker of equilibrium between bullish and bearish market forces. The Phenomenon of Stop-Loss Triggers at These Points A stop-loss order is a tool used in trading to sell a security when it reaches a predetermined price, to limit potential losses. To understand how it relates to support and resistance, consider the following analogy: Think of trading as a game where you establish a rule: if your score drops below a certain point, you decide to exit the game to prevent further losses. This rule resembles the concept of a “stop-loss” in trading. Now, picture a scenario involving seasoned players, often represented by large funds, who aim to maximize their gains in the game. They observe that many players have set their exit points at a specific level, such as 100 points. These experienced players intentionally create the impression that the game’s score is approaching that critical 100-point level. As the score gets closer to 100 points, other players become anxious and decide to exit the game (activating their stop-loss orders) to avoid more significant losses. This sudden mass exit results in a sharp decline in the game’s score. Smart money takes advantage of this situation by purchasing more points at the lower price they anticipated. After acquiring these points at a discounted rate, they allow the game’s score to rebound, ultimately profiting when it reaches higher levels. In essence, this illustrates how Informed Money, often represented by large funds, may manipulate the market by creating the illusion that prices are nearing significant support or resistance levels. This can trigger the activation of stop-loss orders by other traders, enabling the seasoned players to capitalize on lower prices before the market resumes its upward trajectory. Trading Strategy for Support and Resistance When trading support and resistance make decisions on their base consider the following points. Identify Support and Resistance in Larger Time Frames: Locate these levels in extended time frames like H1, H4, and D1 to gain a clear understanding of the market’s pivotal points. This approach not only clarifies your perspective when trading in smaller time frames but also reduces confusion. Confusion often arises from too many levels, making it challenging to determine which levels present viable trading opportunities. Patience: Wait for the price to reach these levels and look for additional signals. Utilize Bearish and Bullish Candlestick Patterns: Employing candlestick patterns at these levels aids in decision-making and enables traders to strategically set take-profit and stop-loss orders. Develop a Trading Bias: Establish a daily bias at the beginning of each week to assist in deciding whether to take long or short trades. Focus only on those levels that align with your trading bias. In conclusion, discipline is paramount in trading. It’s essential to avoid overtrading and adhere strictly to your established trading plans. Using stop-loss orders is crucial in managing risk and protecting your capital. Additionally, limiting your focus to a fixed set of currency pairs allows for a more in-depth understanding of their market dynamics, leading to more informed trading decisions. Remember, consistency and discipline in following these practices can significantly enhance your trading effectiveness and help in achieving long-term success. how to identify strong support and resistance Historical Price Levels: The most basic method is to look at historical price charts. Strong support and resistance levels are often at prices where the market has repeatedly reversed or consolidated. These levels are more significant if they have been tested multiple times. Round Numbers: Psychological levels often play a crucial role in trading. Prices such as 1.3000 in EUR/USD or 100 in USD/JPY are examples where traders might expect support or resistance.
Education
by Golden_Star1994
3
BINANCE:SC/USDT - Channel Breakout | LONG Opportunity--------------------------------------------------------------- Description --------------------------------------------------------------- + A Channel formed after sudden crash + Price is consolidating in this range. + Since overall market is bullish, expect price to breakout upward + A LONG opportunity we have for high risk trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.008655 - 0.008734 Stop Loss: 0.008095 ------------------------------ Targets 1: 0.009228 Targets 2: 0.009770 Targets 3: 0.010431 Targets 4: 0.011267 ------------------------------ Timeframe: Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Don't forget to keep the stop-loss. --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
4
LDO/USDT - A token worth monitoring and trading--------------------------------------------------------------- Description --------------------------------------------------------------- + LDO is consolidating in the support zone and this is a good thing for bouncing back + This consolidation zone is also acting as a support for the LDO + Once it bounce back we can expect it to reach next resistance. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 3.324 Stop Loss: 3.025 ------------------------------ Targets 1: 3.451 Targets 2: 3.556 Targets 3: 3.794 Targets 4: 4.037 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
BINANCE:DUSK/USDT - Flag Pattern Formed--------------------------------------------------------------- Description --------------------------------------------------------------- + DUSK just formed a nice flag pattern + Once flag breakout we can enter a trade. + This pattern has high accuracy so you can confidently enter the trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.2783 Stop Loss: 0.2402 ------------------------------ Targets 1: 0.2943 Targets 2: 0.3124 Targets 3: 0.3390 Targets 4:0.3764 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
1
EURUSD 1D#EURUSD Greetings everyone on the weekly review of the Top-down analysis of the euro. In advance, thank you for your support; I'll be glad to discuss everything in the comments below. The week turned out not to be the brightest in terms of potential positions, but despite that, the chart looked as technically sound as ever. Thread below 👇 1D - On the daily timeframe, we got the long-awaited breakout as the price settled below the fractal minimum, which previously served as a key starting point for the entire upward movement. At the moment, the nearest target of the corrective movement is the fractal at 1.08065. Importantly, if the price consolidates above this fractal, the context will change to long, and all short order flows will serve as liquidity for further objectives.
Short
by yes_pls_max
XEMUSDT Potential 25% to 100% UpswiningXEMUSDT has showcased a commendable adherence to the support area, followed by a robust bounce off the average-price uptrend trendline. A buy signal shared in our channel about a week ago has already yielded profitable results, with an imminent upside potential. While our initial upside target is within reach, the price surge over the upcoming weeks could be substantial, ranging anywhere between 25% to 100%. It's advisable to closely monitor this opportunity as it unfolds.
Long
by CryptoPAMM
1
CAD/JPY Short and EUR/USD ShortCAD/JPY Short • If price impulses down below our area of interest on the one hour chart and a subsequent two touch fifteen minute flag forms, then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I don't manage to secure a risk entry. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
2
TITAN--Trendline Support??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:TITANShort
by IIT-Trader
1
EURUSD 1h1h - On the hourly timeframe, we are in a Long context, covering all potential liquidity below. I assume that before continuing the Long movement, we can work with Friday's minimum, after which the priority will be to operate in the Long direction. Conclusions: Summarizing all the above, it's clear that the upcoming week will serve as an understanding of the direction we will move in the coming months. At the moment, the clear priority is to operate in the Long direction.
Long
by yes_pls_max
EURUSD 1D1D- Let's start with reaching the primary target of the current movement, which was the minimum of the current long context. After that, we twice tapped into liquidity below, and from Tuesday onwards, a long movement began to emerge. Now it's important to see price confirmation below 1.075 or above 1.09. If the price confirms below 1.075, the global context will change to short. In case of price confirmation above 1.09, the context will remain long, confirming the end of the short corrective order flow, after which all fractals above will act as regular liquidity.
by yes_pls_max