$BTC - Textbook Double BreakoutChart currently looks gorgeous for bulls. We got a textbook pennant breakout and retest, followed by a breakout of our previous highs.
PT : $45,000
Breakoutsignal
Sand P Inflection PointsUpdate from falling wedge idea. ONE MORE flushout low is likely IMO, lower arrow. Will complete 5-EW down, far below 200 DMA.
ANY positives going forward will be an excuse to breakout. Retest of wedge TL at upper arrow will confirm. Bullish impulse may follow.
BE WARY: Entry into WW III, worsening conflict in Europe, invasion of NATO member nations will invalidate these counts!
BTC-DAILY-WATCH THE CLOUDS !WEEKLY (W1)
Ongoing recovery attempt, currently roughly in the middle of the weekly clouds and above the Tenkan-Sen @ 39'400
A next weekly closing above 39'40O should be seen as a positive signal in this weekly time frame.
DAILY (D1)
Yesterday's price action triggered a long white candle which reached an intraday high @ 41'694 BUT CLOSED BELOW THE TOP OF THE DAILY CLOUDS RESISTANCE AREA @ 41'399
Once again an upside breakout of the top of the daily clouds is crucial for moving higher; therefore, the today's closing level of the ongoing candle might give additional clues the the upcoming trading session (s).
Indeed, a CLEAR BREAKOUT CONFIRMED of the CLOUDS , would open the door for higher levels towards the 42'500 area (former high) ahead of the ongoing downtrend resistance line (top of the triangle pattern !) currently @ 44'265.
A failure to do it, would reopen the door for the former RESISTANCE CLUSTER which became the NEW SUPPORT CLUSTER, currently between 40'100 and 39'800 which also coincides with the ongoing support trend line... then the focus will be on the 37'500-37'000 former congestion support.
RSI above 50, @ 52.45
LAGGING LINE in the middle of the CLOUDS , slightly above the Kijun-Sen but still below both the Tenkan-Sen and the Mid Bollinger Band .
4 HOURS (H4)
Currently above the clouds and above TS, KS and Mid Bollinger Band (39'565) which coincides, currently with the 4 hours clouds support bottom !
RSI @ 60.45
LAGGING LINE still in the clouds !
LEVELS TO WATCH IN THIS H4 TIME FRAME ARE THE FOLLOWING :
UPSIDE : 41'694
DOWNSIDE : 40'000-39'565
1 HOUR (H1)
Above the clouds but already below both Tenkan-Sen and Mid Bollinger Band; still above the KS @ 40'426
An hourly closing below 40'426 should be seen as a warning signal of a short term top in place !
The hourly clouds support area is also currently between 40'100 and 39'900 which corroborate the observations mentioned in D1
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SOLUSDT is testing the monthly areaThe price is testing important support on 80$ where the price has the first demand zone. The price tested this area already.
On the 4h timeframe, the price is creating a new low after the breakout from the monthly and 4h support, and now the price is testing the previous dynamic support as new dynamic resistance.
How to approach?
If the price is going to confirm the breakout and the market will have another breakout from the 4h support on 78$ we can add to our watchlist and wait to applying our rules for a new short position.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ICPUSDT is testing the 4h supportThe price got rejections from the dynamic resistance on the daily timeframe, and rejection from the weekly resistance on 21$
On the lower timeframe, the price is testing the 0.786 Fibonacci level after a false breakout on 20$ where you can find an M pattern.
How to approach?
We are monitoring the price, the bullish scenario is above 19$ with confirmation.
in a short period, if the price is going to lose the 4h support with confirmation, we could see another bearish impulse until 14$.
According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
BTC BEARMARKET BOTTOM 2022Hey everyone
Today i show you my BTC Prediction for the bottom of the current 2022 Bear market.
Where is the bottom?
- I expect the bottom of this bear market to be at around $22000 - $25000
Where will i buy again?
- I sold all my crypto coins when BTC broke the old ATH at 65k-70k because i knew that wont last long because of the low volume we had. I will buy in again from $22000 - $25000
I talked about this 2022 bear market since october 2021 for everyone who not knows.
This is just my opinion!
ETHUSDT is testing the 4h support 🦐The market is testing the 0.786 Fibonacci level on the monthly timeframe.
The price got rejections from the daily dynamic resistance and the market lost the daily support.
On the 4h timeframe, the price is testing important support.
How to approach?
If the price is going to have a breakout from that support and retest as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
COTIUSDT is testing the 4h support
The price had a breakout from the weekly support and created a double top on the daily timeframe.
On the 4h timeframe, the price is a breakout from the dynamic and static support.
How to approach?
If the price is going to confirm the breakout, we can apply our rules for a new short position.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
ETHUSDT 2300 the next target?the price had a breakout from the daily support on 2560$. the market grabbed liquidity from the old lowes and now is testing the previous dynamic support as new resistance.
On the lower timeframe, the price had a false breakout from the 4h support.
How to approach?
For a bearish scenario, the price needs to have a new breakout from the new lows on 2500 and confirm it. If the price is going to satisfy our rules, we could open a new short position with the first valid support on 2300$
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BTCUSDT Major supports and Resistances aheadMajor resistances now are:
A. Red trendline resistance
B. Black trendline resistance
C. 46000$ daily resistance
Major supports now are:
A. 37000$
B. Blue trendline support zone
C. 29000$
Notice: If any of these resistances or supports break it means the market is getting ready for a new pump or dump.
For example if support B break market is getting bearish or If 46000$ resistance (resistance C) break market is extremely bullish then.
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SUSHIUSDT is trying to have a breakouytThe price tested the monthly support on 2.7$. That level is so important for SUSHI.
On the 4h timeframe the price is trying to have a breakout from the daily dynamic resistance and from 0.382 Fibonacci level.
How to approach?
I'm monitoring the price, I want to see a breakout from the dynamic resistance and retest of the 4h resistance on 3.1$.
It's not enough to check a breakout, you need to have a strategy, for that reason I will open a long position only after the price is going to satisfy my rules.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
Voyager breakout?I just looked at voyager and noticed this line,think it could be a breakout signal soon. Dont see how this is going so low with the company being fully influenced by crypto as well as a massive amount of new users it seems like an amazing long term stock to buy.
ATOMUSDT is testing the 0.618 Fibonacci levelThe price created a double top on the daily timeframe and now the price is testing the 0.618 Fibonacci level below the daily resistance inside a descending channel
On the 4h timeframe the price is trying to have a breakout from the resistance on 29.5$
How to approach?
If the price is going to have a breakout from the 4h resistance and grab liquidity we could see a pullback until the 30$
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
GRTUSDT wants to retest the daily resistanceThe price had a bounce on the daily support on 0.31$ as you can see on the upper chart.
on the lower timeframe ( 4h on the lower chart) the price is having a breakout from the 4h dynamic resistance.
How to approach?
We could see a pullback on the daily support before a new bullish impulse above the 4h resistance on 0.37$. If the price is going to grab liquidity we could see a retest of the daily resistance at 0.40$
Don't forget, a breakout it's not enough to open a new position, you need to have a strategy
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
FILUSDT is testing the 4h resistanceThe price created a double bottom on the monthly support on 16.8$ as you can see from the upper chart. The price is testing the daily resistance right now on the 18.42$, it's a key level, where the price got rejections and got bounced in the past.
On the 4h timeframe, the price has resistance on 19$
How to approach it?
The price needs to have a breakout from the dynamic daily resistance and 4h resistance, and confirm it, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Up? Break of 3 month resistance in a big way considering bear market. Interesting to see the breakout.
DOTUSDT is testing the weekly resistanceThe price is testing the weekly resistance on 20$ after a perfect bounce on the dynamic and monthly support (the purple one). On the previous idea, we were waiting for a short position if the price would have broken the structure, so our strategy never triggered.
In the current scenario, the price is testing the weekly resistance and the dynamic daily one, at 20$.
How to approach?
We are monitoring the price, we want to see a breakout from the 20$ with volume and retest of the previous resistance as new support. The breakout is not enough, the price needs to satisfy our rules for a new long position
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
OGNUSDT is trying to have a breakout
The price is testing the weekly on 0.24$ support inside a descending daily channel.
After the breakdown from the previous support on 0.32$ the price retested it as new resistance.
How to approach?
We are monitoring the price, we could see a double bottom on the weekly support. We are waiting for a clear breakout from the descending daily channel and 4h resistance. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
schaeffler big breakout potential...BULLISH ABOVE 1940 Close
Target 2200
SL 1890 Close base
Risk is yours and Reward is too yours
Key point : Outperformer
EGLDUSDT is testing the daily resitancethe price is creating a descending channel on the monthly support on the daily timeframe. The market is testing an important resistance right now on the 162$.
On the 4h timeframe, we can see a breakout from the 4h dynamic resistance.
How to approach?
We are waiting for a breakout from the 160$ and retest the current resistance as new support. Only if the price is going to satisfy our rules we can open a new long position
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
VPO | Falling Wedge Reversal Pattern Breakout Entry SetupPrice action and chart pattern trading setup
> Falling wedge reversal pattern
> Entry @ Breakout setup - bullish candlestick golden cross SMA50
> Target 0.618-0.786 target zone retracement
> RSI bullish signal crossed up MA above 50
> MACD golden cross just below baseline
> Target RR 2:1 for medium term trade
Always respect your stop loss!
OH no, SLP again...Will SLP move with the rest of the market, only Good knows... We can see a symmetrical triangle formed, and SLP got above 200sma on 1hr chart which is the first bullish sign... I don't have to say that this is BTC dependent? Set alarms... Good luck traders
ETHUSDT is creating a descending channel
The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart.
The price got rejections from the 3k resistance, it's a key level.
On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are.
How to approach?
For a bullish scenario, I'd like to see a clear breakout from the dynamic resistance and daily resistance on 3k.
Otherwise, if the price is going to lose the weekly support and retest the support as new resistance we could see a new short impulse. Next valid support is 2k –––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
