4hour
Bitcoin (BTC/USD) - 4 Hour - Symmetrical Triangle Broke OutBitcoin (BTC/USD) 4 Hour chart: price broke out of the symmetrical triangle to the upside.
Potential resistance prices: $73000, $75000, $80000.
Potential support prices: $64000, $60000, $55000.
Bearish scenario: Price rejection below $74000. Could start a new downtrend if price is rejected again, in the medium-term time frames.
Bullish scenario: Price breakout above $74000. if this happens, a new uptrend would continue likely up to $80000 and beyond.
Note: Some stock indexes (SPY, QQQ) and Gold (XAU/USD) are beginning to show signs of bearish momentum. These assets could affect Bitcoin volatility.
Economic data such as USA GDP and Core PCE inflation data could also affect Bitcoin volatility.
💷💴GBPJPY Running bearish flat with confirmation! 📉Hey guys, FX:GBPJPY has created a 4hour running flat with a fantastic impulse/correction flag on the lower degree 1hour time frame.
The bearish structure of the running flat combined with the lower degree bearish structure gives a lot of indication of another bearish trend continuation move!
SasanSeifi 💁♂️EUR/USD👉4H 1.062 / 1.068Hey there! 😊
In the 4-hour time frame, as you can see, the price has been fluctuating within the FVG range with positive movements and is currently trading at around 1.059. A possible scenario to consider in the 4-hour time frame is as follows: the price may continue to rise after breaking out and confirming the important 1.062 resistance zone, with potential targets in the liquidity area around 1.063. Subsequently, after a minor correction and pullback, we might witness further price growth toward the 1.068 / 1.070 resistance level. To better understand the continuation of this price movement, it's essential to observe how the price reacts when it reaches the critical resistance level at 1.062.
Furthermore, if the price breaks below the 1.054 support level and consolidates, there is a possibility of a more substantial correction. Potential trends in the image above have also been illustrated.
✨What's your opinion? Do you agree?
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
SasanSeifi 💁♂️GBP/USD👉4H 1.22700 / 1.23Hey there! As you can see, the price is currently trading within the range of 1.22. In the 4-hour timeframe, here's a scenario to consider: The price may continue to exhibit positive fluctuations as it approaches the liquidity gap. Following this, after a minor correction and, upon confirmation, as well as renewed liquidity accumulation, we could potentially witness further price growth towards the resistance levels at 1.22700 and the price range of 1.23. Potential trends in the chart above have also been highlighted.
Moreover, if the price falls below the LOW1.21 range and consolidates, there's a possibility that the outlined scenarios may not materialize.
✨What's your opinion? Do you agree?
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
XAUUSD 4h timeframe analysisThe 4 hour timeframe has seen two attempts and rejections of the 1954-1953 level today, one before news and one during news. This is very significant because it means despite there being volume and volatility in the markets, it was not enough to push past the buying pressure meaning any selling here was immediately being taken by bulls to push price back up.
With this in mind and taking into account the daily candle closing bullish, it would not be a surprise to see the 4h chart retrace slightly before creating a new leg up testing the 1970 level and above. FOMC later on in the day means volume will be low until after a decision is announced, primarily due to the fact the market has already priced in a 25bps hike.
usdjpy reversal signal at retest highAfter a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major resistance level which is why I decided to take advantage of the retest during the best time of the day. Although the dollar yen is still overall bullish, there are sellers coming in to keep price from pushing higher. I've shorted the highs, no lower low yet except for intraday 5min. which is my entry point. Stop loss just above the high.
2 overlapping 4hr chart bullish patterns on ethusdWe can see a bit of a pump in price action on the 4hr chart for ether here. It appears to be breaking above the neckline of an inverse head and shoulders pattern(in yellow). Of course many times these patterns do not trigger their breakout on the first break above the neckline but rather dip back below it and wait until the 2nd or sometimes even 3rd break back above the neckline before confirming the breakout. Always a chance though this one could confirm on the first candle break above the neckline so its always wise to prepare for all possibilities. If it does indeed trigger the breakout of this 4hr inverse h&s pattern, the measured move target should carry price action above the neckline of a slightly larger double bottom pattern (in green). We’re this to happen, it could very well then flip that green neckline from resistance to support upon retesting it, thus triggering a double bottom breakout next which would take us to the green price target. Of course it could also trigger the breakout of the double bottom without retesting the green neckline, or it could break back below the green neckline and not actually trigger the double bottom breakout until the 2nd or even 3rd time above the green neckline (just like with the yellow inv h&s neckline)If I remember to be open to all of these possibilities, await for confirmation, and then make my move I’m sure I will play these 2 patterns wisely. We must also remember that a fakeout of the double bottom pattern or both patterns is also a possibility as well. The resistances/supports, price candles, and volume candles, should clue us into into which one of these possibilities will be the ultimate outcome soon enough *not financial advice*
S&P500 - Outlook - 2023 - 1st Week of January - 4 Hour ChartS&P500 Outlook for the 1st week of January 2023 on the 4 hour chart.
Looking for a minor high, or the beginning of a strong move to the downside to HEAVILY short the market within the first few days, or first trading week of January.
1) Always have your stop loss in place.
2) Always have your 'take-profit' target planned before entering.
3) Always be open to being wrong, and exit when the market is not heading in the anticipated direction.
BTC/USDT Analysis in 4 HOUR 🌱Hello Friends 🌸
As can be seen in the picture, the price has hit the $18,000 to $18,500 area several times and has continued its upward trend again. The long shadows formed in these areas by the blue arrow show the strength of buyers over sellers in the $18,000 area. Recently, in the 4 hour timeframe of Bitcoin, we see the formation of higher low (LH) than the low (L). This upward trend has been stopped about a week ago by hitting the $21,110 level; As we can see in the RSI indicator, with the increasing pressure of the sellers in the range of the red circle, this indicator is above the number 70. If the price can stabilize above the $21,110 level (its previous pivot), it has the ability to reach the $21,400 and $21,700 targets, and if it stabilizes in these areas, the price is expected to react to the $22,500 resistance area. Otherwise, with the loss of the $20,000 area, the support areas are $19,300, $18,700, and $18,100.
Arztoday Team 🌈
Analyzer ✍: A.R Rashidi
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the four hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is nineteen thousand one hundred and six dollars, if the support is broken, the next support is eighteen thousand nine hundred twenty five dollars and eighteen thousand two hundred thirty four dollars.
Now let's move to the line of resistance, as you can see, the first resistance is nineteen thousand two hundred and thirty four dollars, if you can break it, the next resistance will be nineteen thousand three hundred forty five dollars, nineteen thousand four hundred eighty three dollars and nineteen thousand seven hundred twenty seven dollars.
Looking at the CHOP indicator, we can see that in the four-hour interval we have a lot of energy, and the MACD indicator shows a local downward trend.
NVDA (Nvidia) - 4HR - Potential Bearish Momentum & ResistanceNVDA (Nvidia) stock price may have reached temporary resistance below $191.
Potential bearish momentum is forming on the MACD indicator as well (4-hour time frame)
Nvidia reports earnings on 08/24/22 post-market.
Resistance price targets: $191, $194, $200.
Support price targets: $185, $183, $180.
Easy Trading Setup For The Dax (GER30)- Double TopHi Traders,
Looking at the DAX today.
On the 4-Hour, we see a nice double op that has formed.
The two tops are wicks which shows strong sell movement.
The two wicks are also a lower low in terms of the 4-hour trend.
We also have partial divergence across the histogram of the MACD.
Buyers are weakening.
We have broken below the neck zone and then entered upon a retrace into the neck zone.
My target is previous support around the 12823 price point.
Trade safe out there!
The Vortex Trader
GMT has rebounded from resistance and is gaining energy. 4HCHARTHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe.
As you can see, the price is moving above the local trendline.
Let's start by identifying the stop loss we have in the near future:
SL1 - $ 1.1154
SL2 - $ 1,0001
SL2 - $ 0.9968
Now let's move on to the goals we may consider:
T1 - $ 1.2724
T2 - $ 1.3890
T3 - $ 1.5492
Looking at the CHOP indicator, we can see that in the 4H interval we have a lot of energy for the next move, while in the MACD indicator we see that the blue line crosses the red one from above, which could potentially lead to a further decline in the price.
Be careful and use stoploss in the short-term game.