Get started

Candlestick Analysis

How could we not lose this long position?We missed his entry point, but he had very good points😉 Pay attention, when the price was lowered, the volume decreased and when the price increased, the volume increased It has had 4 collisions, after each collision that level weakens, with a weak reaction, before breaking the trend line, pay attention to how many base candles we put You can also see the weakness of the sellers in the 4-hour time frame. You can see that the volume decreased when the price fell. When you understand that the purchasing power is stronger, you can enter the strategy you have As for now, I will wait for the market to make a structure🧐 If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
by parsa_xa
Cardano provides second chance before altseason startsHello traders, Cardano price declined on over 60% since March and lost almost all gains for the past year. Currently ADA is trading at very attractive price levels for long term buys. Considering that there might be new altseason coming soon I think that it's good time to buy ADA in mid or long term as it can repeat recent growth above 0.8 level easily. The main buying area located at 0.25 price level but I'm not sure if ADA drops there unless BTC will test 50k area again. If this happens then it will be perfect buying opportunity but even current levels are great for long term. For the bulls it's important ADA to break 0.4 resistance level and hold above. If this happens then we can expect continuation of the rise. Please, do not forget to boost this idea and leave your comments below, thanks.
by Real_CryptoRoy
22
$BTC TO $78,000 and Possibly $80,000, Institutional Numbers *SMCIn SmarT Money concepts you'll understand that the instutions push for large round numbers whe trying to end a trade. You'll also learn that at large price that has the numbers 0, 2, 5, and 8 at the end are all institutional numbers that are typically price targets, such as $55,000 or $42,000. Considering the current situation. If tak into consideration the previous all time high before it dipped and broke upward again. You should always place you most current Fib at the bottom of a wav that broke the next high. And if that Price doesn't reach down into "Discount" territory (Below 61.8% of that Fib) Then continue on with the Fib to it.s next high. Now Considering that current fib has a Fair Value Gap start at the 62% of the current retraction, That is where I would place my buy limit. (The Larger Bullish entry projection) That entry would be 75633. Now if you want to aiim for something more specific, I would aim for the median of that fair value gap (If you study Smart Money Concepts enough, you know that price will usually reach the median of the FVG, if not to the bottom of it) That Entry would be 75410. Now the exits. The 127% is the first I look to that is past the next liquidity point. That 127% is just past the 78,000 mark. So A conservative trade would be 75633 to 78,000. To play it conservative on the Stop Loss side, place it just below the Bullish Order Block That straddles the previous all time high. Or, if you would would rather put a high risk / high number of Lots for a futures trade and to reach the 78,000. I would place the stop loss around the 0% maybe lower of the current fib, Below $74,550, since it looks for those large round institutional numbers, and $74,550 would be one of them. So thats the small Box Projection for A high risk could be a short run up, hit that 127% and start moving sideways until the next news driver. However, if we look at the current fib to the 200% Which is typically the ultimate goal of where you want your trade to go, It sitting almost right on the $80,000 mark. Since that is it is a higher probable number to hit as an instutional number, You can take of oof the entries (Or place an entry on both) Maybe low risk with such a large take profit, and try to ride it to $80,000. Or Third scenario, Take a high risk trade, when it hits the $78,000, take half your profit, put your stop loss to break even at that point. and hopthe other half reaches $80,000. Because I have a feeling these numbers are going to be magnets for price. I hope my explaination helps you understand a little of how smart money can work. And let's hope it plays out. I personally don't think we've reach a peak just yet, but this might be the last one of the year, and if it is, then these are the numbers I would be shooting for. -Bodies X Wix Smart Money Concepts Technical Analyst
COINBASE:BTCUSDLong
by BodiesXWix
Are we in the accumulation area? We created a box in the daily time frame📦 Break entry point 0.754 Let's say it is safer than 0.715 0.715 is more risky, but we can get more r from it. I myself prefer 0.715, I'm just waiting for another reaction, so I can be more confident. The reaction must be weak Teaching tips You may ask how do we understand that the reaction is weak?🤔 1. The size of the candle should be smaller 2.The volume during the reaction should be reduced 3.React less than the previous encounter I use these things to confirm trend weakness If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
Long
by parsa_xa
3
Bitcoin (BTCUSD) - There's A Problem...On the 29th Oct 2024, you would expect a blow out top, sweeping all time highs, running on all time highs whilst maintaining a strong bullish closure going into the ending of the week but what we are seeing right now is a bullish shooting star formation with the candle body currently under the previous 2 weeks highs. This signifies weakness in bullish momentum, especially if price closes this way on Sunday. Relief retracement back down to $65,000, even if it's a manipulated spike down to that region does not seem far fetched.
COINBASE:BTCUSDShort
by LegendSince