Take two on GMT/USDT ShortWhats Up Retail Whales 🐋
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
Take two on our GMT Short here, we missed our previous limit order by 0.19% which the market then melted as we expected. This price movement has created a new swing low and another build up of sell side liquidity.
We still have the large imbalance to be filled to the downside on the higher timeframe and will be looking to hold this trade down to the Lowest Whale Block.
I am predicting we will sweep the liquidity above around the time New York Session Opens hopefully grabbing both our orders and mitigating our Whale Blocks.
Watch for a retail trap on the bearish trend line as breakout traders will buy the break of trend and support and resistance traders will sell the resistance, both parties could be purged.
Horizontal zones and Whale Blocks are much more reliable that Retail Trend lines
Remember we are trading human emotions and probabilities
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❗️Attention: this isn't financial advice we are just trying to help people with their vision.
HooRaa
ALTS
Fast Drop incoming
I am going to present some fundamental factors updates to understand my bearish ideas.
Updates:
USD looking bullish yet again!
UK true inflation reports to be higher than expected inflation. General worries about Uk Inflation to jump to 18%
www.bbc.co.uk
Further war escalation:
- Russia urging public to fight
- NATO expansion
- US & Taiwan conflicts
For Alt traders:
XLM/USDT Alts looking primed for an intraday Long Whats Up Retail Whales 🐋
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
#XLM has pulled back into our 1Hr Whale Block here and we will monitor for a trade entry with confirmations.
A lot of the Alts are falling into this same setup so be manage your risk management, only ever have 5% of your portfolio active at any one time, especially with correlated Alts trades.
I will be looking for a 15Min/5Min RSI Divergence along with a potential VSA Divergence.
Remember we are trading human emotions and probabilities
Hope you enjoy the content we create, You can support us with your likes and cheers 🙏🙏
❗️Attention: this isn't financial advice we are just trying to help people with their vision.
HooRaa
Bitcoin last statusBitcoin is struggling to remove a crucial bearish trend (the orange one) if it succeeds, seeing the higher targets (the blues) makes sense.
if it fails to break up and stabilize itself there, it might end up a strong rejection and breaking down the strong green support zone. in this case, we could expect to see the bearish targets (the red ones).
Bitcoin Chart OverviewI published an overview of Bitcoin chart over a month ago but not here in TradingView as an idea. I decided to republish that as an idea to help track the price easier and quicker than already. hope it gives you a clear idea where we're now, where we could get in the rest of days and months of 2022.
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Bitcoin broke down a major support line.Bitcoin broke down an important support line (the purple line on the chart). but still it's in a local support zone which can make this breakout a false one.
in case of missing the green support zone displayed on the chart, we can consider the 2 targets (the blue boxes on the chart) on its way towards bottom.
let's keep hope alive.
Did Ethereum Just Confirm - BOTTOM's IN?Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
W-Bottom patterns and double bottoms on a Candlestick Analysis is what we look for towards the end of a bearish cycle. Here, in ETHUSDT, we can clearly spot both. Is this the sign of a healthy reversal and the next bullish cycle? There is ONE RULE that still needs to be fulfilled in order for this pattern to be true - watch to find out what we still need to see on ETHUSD chart.
If you're interested in the altcoin MATICUSDT , this 4min video is for you:
Here's another altcoin with massive upside potential:
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CryptoCheck
TWT Multi-Year Triangle Pattern Calls for $1.4 TargetSince its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level.
Symmetrical Triangle Pattern
This multi-year pattern has the potential to continue driving the price action in the coming months unless we get a clear breakout on either side of the symmetrical triangle. First, TWT's price made a base near the $0.30 level, which was followed by a powerful uptrend topping out at $1.65.
A subsequent sell-off pushed TWT's price down to around the $0.45 level, generating another base from where we rallied again, but failed to reach the previous high. TWT topped again at $1.40 and sold off to $0.55 to form another base.
In the short-term, we have left the base, and if the same pattern repeats again then the current rally could fall below the March 2022 high of $1.40.
A weekly break and close above the $1.00 psychological level has the potential to cement the bullish case scenario.
RSI Oscillator
The weekly RSI has also broken above the 50 mid-level; the last two times this signal occurred, we had two powerful rallies. The bulls have the upper hand as long as the weekly RSI continues to print positive momentum readings.
MATIC - 100% Gains, TP Zones 🚀Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
If you're interested in the altcoin MATICUSDT , this 4min video is for you.
Matic is no stranger to parabolic mid-cycle movements - here we discuss potential price targets for a longer term trading plan, as well as a realistic and ideal accumulation zone.
If you're looking for a professional opinion on Bitcoin , check out this idea:
If you're interest is in fractals , check out this FTMUSDT idea:
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BTC retracement to $20,000 area I believe after this move the past few days up to $24,000 , its time for $BTC to retrace back to $20,000 - $21,500 area .
If we bounce now we are safe , if we enter the range area we most probably visit the bottom of the range around $20,000 .
In case we bounce I expect another test of $24,000 , if we manage to break the resistance the next resistance I am looking at is around $27,000 .
Currently I am having short position on BTC and a Few ALTS .
Stay safe and protect your capital .
Polkadot - Bullish Divergence still in play Polkadot has a similar story to many alts and arguably Bitcoin itself. It had a decent Bullish divergence confirmation on July 13th, but has had a weak bounce since at only 34% to the high at $8.00 but if we can hold this area of support/demand in green at just over $7 then I think we could see this bullish divergence push higher toward $10-11.00
Below $7 I see us testing the lower green demand zone at around $6.50 and below that, well, we will see new lows imo.
Definitely need to hold the first green area to remain bullish in the short term, otherwise it looks weak and frail for another leg down.
Not a terrible time to begin accumulating if you're interested in this project long term. Remember, DOTS high was $54 USD which is a measly 650%, just depends if you see it breaking that high in the future.
Again, accumulating over time because it could easily see $4-5 in the near future where you want some capital set aside to take advantage of when it bottoms out, if you believe in it imo.
V
COMPUSD 1HR Chart - Bullish Divergence Between Price and RSIAfter the day's sell-off, COMP is recovering. The bullish divergence (RSI making a higher high and price making a lower low) shows that the price is likely to rise from here. The blue MACD line crossed above the orange signal line, indicating a change in trend. The price may rise to the recent 57 to 58 level. Potential short-term gain: 3% to 5%.
No guarantees of course - just going with the odds.