Swing Failure Pattern of the market structure high. I would still consider the market structure bullish on the MTF-HTF as we've found support at the old market structure high which was flipped from resistance to support then had an SFP with a lot of shorts opening between here and when we lost the 30k psychological support. Target is based off the liquidity at...
Greetings TradingView, I'd like to present to you the latest short trade I am personally taking. We experienced a Swing Failure Pattern ( SFP ) below the previous daily low as well as the Value Area Low ( VAL ) a few hours ago. During this price action, I opened a long with my stop loss just before the 0.66 Fibonacci retracement zone which is part of the...
Hello TradingView, I'm happy to post my latest trading idea which is a short from the daily level (or just below) of 31.75k. This is a previous daily point of control (daily nPoc) which was until earlier untapped. These levels often act as support and resistance therefore pose as an entry I often take for my trades. My stop loss for this short position is 2%...
On the Bitcoin chart; we're seeing lower highs and lower lows since we failed to re-test the top of the current bitcoin range on the 23rd of May topping out at around 30625. After the bullish SFP on the 26th of May created a lower low we can see how we recently found support on the .5 Fibonacci zone, based on that and the fact we have a daily nPoc at 28.58k I...
Here is a Bitcoin long from the bottom of the range and weekly nPoc, the price target is the daily level at 43.4k but I'm going to take profit slightly before we reach this target in the coming week. There is currently a lot of fear in the market, according to CVD the majority of that is Perpetual shorts, the majority of Spot bitcoin is holding right now which...
Good evening TradingView, here I'm sharing my next long setup for Bitcoin, the zone to long is marked by the green rectangle, stop loss is below the weekly nPoc located at 37.75k, a break of this level would likely result in a re-test of the value area low which would invalidate the setup. The entry has the confluence of the golden ratio (.618 Fibonacci...
Swing failure pattern entry below the 45.5k horizontal support, TP1 is the first golden ratio below the point of control, second is the next golden ratio and third is the weekly nPoc located at 50.7k.
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Hello TradingView 2022, I'd just like to share my long idea with you. Bitcoin retested the daily naked point of control, this poses as an opportunity to open a long position, to correctly manage your risk you should use a stop loss below the invalidation point which is below 40k. This level is a major S/R level which we've managed to stay above following the SFP...
Good morning ladies and gentlemen, wish yourselves a merry Christmas and don't spend too long lurking on TradingView today! My current thoughts on bitcoin are as follows; I'm expecting a retracement in the short term towards the point of control of this range which is shown by the red horizontal line below the .382 Fibonacci retracement zone (49k). This is a...
My downside targets for bitcoin include the previous all-time high of December 2017 at 20k being the lowest I'm expecting Bitcoin to go, the level of psychology here would mean that many people will have lost confidence in the market due to the bearish sentiment. The key to this is 42k if the .66 Fibonacci retracement zone doesn't hold then 37.7k will be the next...
A very simple chart to just share which upside levels I'm looking at if this uptrend continues, retrospectively if we start down-trending I'll be looking towards the lower Fibonacci retracement levels as support. In this case, I will also likely draw a new Fibonacci retracement considering the current nearby price levels as a top. I also think if we don't break...
I think if bitcoin breaks below 47.7k then we'll retrace to the previous daily low on the 20th of August which is around 46.6k. I'm also going to be watching the 200-day moving average, a break below this level would signify further bearish price action. I'm optimistic as of now as the price is within the golden pocket (CC level) on the Fibonacci retracement, we...
Good morning TradingView, there is currently a large bull flag on the ETH:BTC pair, I have had this charted for a while now but only just realised it broke out. I'm expecting another breakout very shortly; I will be looking for confirmation of a volume spike this daily close on the money flow index. It appears that we're already breaking out slightly but it's too...
Bitcoin is currently maintaining the 200-day moving average, this is displayed but on the 6h so I can monitor price action more closely. The price of bitcoin bounced off the .382 Fibonacci retracement level twice, first on the 7th of August and the second time on the 9th of August. This level was previously acting as resistance on the 31st of July and 1st of...
Hello and welcome, firstly I'd like to state that my opinions should not be taken as investment advice; this is only an expression of my opinion via a TradingView idea. My analysis is based on several trendlines, these have been drawn from the 2017-2018 bull run from the top of the previous resistance through different levels of identified support and resistance...
Good afternoon, I'd like to share my current thoughts on BTC:USD. Today we're going to be discussing the daily chart; specifically, two indications from there that the bull run is far from over based on signs of strength. 1. Hash Ribbons 2. Growth Curve As I previously posted, the hash ribbons indicator is used to determine bitcoin price action based on...
Bitcoin has retraced, I see a clear bullish divergence on the 10h timeframe which signals a possible reversal either tomorrow or over the following week. The sell volume is currently low, we have attempted to break the resistance but failed. I'm expecting us to make a higher low here and then re-test the resistance (white horizontal line). That horizontal...