After a shoot more than 100k (up to 104k price), selling pressure became higher. But because of too much sentiment related to FOMO, the price will keep pushing higher. Almost all cryto coins are having FOMO sentiment. I am expecting to trade in ranging zone of higher timeframe (D1, W1). Here is what I think will have buying pressure and selling pressure.
I am expecting a sell pullback first, before price making new higher high. Interest in BTC still high, with expected to hit 100k this year.
Downtrend for Gold so strong. I am expecting this zone for sell pullback for Lower Low.
Last few days we can see Bitcoin has strong buyer momentum. Some say that it related to latest US Presedential Election 2024. BTC price at 80k should be a good sentiment level, but now price reach 81k. Is this a resistance break? I think so. So I am expecting to buy actually around 78k price. Let see how this works.
Based on my analysis on GBPJPY H4, here is what I think will works for short scalping; buy zone and sell zone. Possibly one of this zone will get long term movement.
Because our previous shared zone already break, so I am using basic SNR - RBS method to find next level. I only expect to buy until nearest D1 SBR.
From last week, I am expecting Gold to makes Lower Low before making Higher High than previous Thursday drop and Friday NFP consolidation zone. Based on my previous buy zone (previous idea), this new zone still matching/confluence both of it.
I am expecting consolidation zone between marked SELL ZONE and BUY ZONE. Maybe one of the zone can be long term. But to be safe, I am expecting small scalping.
When I view W1 chart, what I can see if possibility of big consolidation zone. One of this zone can be long term entry. If price hit sell zone first, then there is possibility that price can go down until buy zone. And if price hit buy zone first, then there is possibility the price can go up until sell zone. In the zone also there is possibility for...
One of this trading plan can hold for long term movement, depends on market condition at that time. Proper risk management can make good fortune. I prefer short term entry, zone to zone so safer profit secure/reduced risk.
I found a confluence zone between MN and W1. But because W1 is the latest zone, so here is the buy zone based on W1. Consolidation can be expected in the buy zone.
Based on last night Gold heavy drop, I was looking at 3 entry possibility for Gold. From the current price, I am expecting to sell for lower low. Then I am expecting Buy until previous day Low - if you open D1 chart, you can see Bearish Engulfing, engulfed zone as possible supply zone. So the 3rd entry are based on D1 Bearish Engulfing.
Few months has backed up Gold for new ATH. I did not expect Gold to be further down yet. So based on current M5, this sell only until price around 2771 / 2770 and then I am expecting Buy until 2800.
Higher Support Break should be completed by now, and trend should be start the reversal at least going from downtrend to uptrend, and at least can exit at last Resistance price. Gold momentum seems can't go further down due to fundamental keep pushing gold price higher. But during softer fundamental, price can go down at least for retailer to take profit.
Based on MN chart, we can see strong downtrend with volume, also MN RBS have already been retest but failed to make HH. So I am expecting price lower than MN RBS test price. Based on fibo levels, 0.215 seems a good price for entry, only expecting pullback from FR261 to FR188 (safest exit).
Medium term consolidation zone visible at H4, D1 Support Break has happened days ago. After NFP last week, trend channel more to downtrend. Tonight CPI news, I will be expecting a Sell entry for price to go down up to D1 R Break.
Just FOMC news, price go up eventhough the USD seems strong. Expecting a better seller rejection at this MN SBR.
Been waiting from last week for seller movement. Seems like previous latest US News giving hope (hoping this is not a false hope too). I am expecting retracement around 50% for sell. But based on M5 pattern also fibonacci, I will be entry a little earlier.