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Consolidation

BTC UPDATE! $18K INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC rejected from the $16.8k level and made another LL around the $16k level. Why does BTC go to $18k from here? * BTC already breaks out from the falling wedge-like structure and currently consolidating above the triangle. * Producing a bullish divergence in RSI in a 4hr time frame. * $15.8k$16k is a very important area to hold. * Currently, BTC is consolidating above the $16k level and throwing out from the market who have less patience and use high leverage. Once it is done a bullish rally up to $18k is highly possible. Invalidation:- 4hr close below $15.8k level If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
10
How low can you go?Using historical price data we can speculate on potential reversals in price action. Price Trends have Three Directions, They trade upwards, They trade Downwards and We can't Forget that Markets trade Sideways. Market Gurus are always hopeful for upwards trends. You may have heard the term "crypto winter" but realize that before Summer comes Spring. No matter what Bitboy Crypto Says on YouTube its foolish to expect a volatile Downtrending market to immediately Transition into a Volatile Uptrending market. Consolidation Periods play an important role in healthy financial markets, maybe if Caroline Ellison Practiced proper Technical Analysis FTX wouldn't have gone Bust. Expect Further Downside and more over leveraged players to get margin called.
BITSTAMP:BTCUSDShort
by pitachio7712
2
NASDAQ 100 PREDICTION FOR 14-11-2022 Dear trader our prediction for today depend on the the chart analysis 1h , d , 15m We find the price had moved up a lot without correction and now it make a consolidate for correction in important resistance the price try to break it many time but can't so if the price still not break this resistance then ,, we advice you to be ready to take short position until next support as you see in the chart Also all the indicators give us same analysis Be careful today the market not clear until now
NShort
by MSD_trading
1
ChainLink - Looking StrongI like this chart of LINK to be honest, nice ranging for some time of consolidation - looks primed for a decent move up. Breaking the mid-range now to the upside - want this to hold. Nothing to get too crazy excited about yet, but breaking above this macro (larger) range would be huge, that is what I'm anticipating. I've watched this same chart for some time and it is respecting levels nicely, grinding up and holding demand. LINK Marines may just push this one higher. V
Long
by cryptovatsik
3 potential outcomesHey Dogers! Gaps need to be closed between 12 and 6 cents If we don't dip into the blue box to close those gaps now, we will likely break 16 cents on the climb to ~20 cents at the 0.5 FIB before falling down Bull: extend to 20 cents, pull back to 16, extend to ~32 and beyond? Balanced: Consolidate around 8-9 cents (bottom of the blue box) meaning ups n downs with lower highs around 14 and higher lows in the 6-7 cent range Bear: Drop to test 4.9, pull back to ~11, fall down to ~0.1 0.2 I think the bull case is most likely in the short term, lasting to the end of the year. We are coming off a multi month bear side, we should see a few weeks of consolidation before more volatility.
by pokp
2
AUDUSD Sell IdeaHere are my thoughts on an AUDUSD sell trade idea. As we can see, market structure is headed down and price is in expansion from the consolidation. I think that it will take out the liquidity and hit supply sometimes around New York session that continue down with higher timeframe structure. If you are familiar with the price cycle, the zone gave us consolidation and expansion and now we wait for the retracement to supply where we will wait for a change of character the another zone on the smaller timeframe to trade from.
Short
by BlackDiamondFX
2
Mdex - Symmetrical Consolidation I am long. Some serious consolidation here charging up for a large move imo. If the market continues to push green, I think there's a good chance we see 30 cents Mdex. However, we also saw relative strength of MDEX flourish during the past few weeks as you can see on the chart, so we'll see how it reacts to the market if we get a bullish rally (decorrelated? I doubt it, but worth minding given its recent PA compared to the altcoin market). Stop-loss below recent low (~17 cents) and invalid on a breakout below this triangle. Manage risk, don't assume this will break upwards. V
MLong
by cryptovatsik
4
Oct 24th-28th.Big Tech Earnings Week.I hope everyone had a nice weekend. Stepped away from the markets on Friday as I went to Ensenada Mexico to celebrate my grandfathers 90th birthday. Dude is still going strong and showing no signs of stopping! Always important to spend time with your family, be present in the moment and not always think about the markets. Now, let's get into it. Interesting week last week as we finished Friday with a big green day. Which took many by surprise, especially after Thursday's candle, signaling a more bearish week. But if you sit back and take a look at the bigger picture, we've been in this zone for a few weeks now playing this tug of war game between the June lows and 3800. So, this is still a corrective phase that we're in and I don't think this is THE bottom. Remember that in Bear Rally's, sharp rebounds are to be expected. We're at the 20 EMA still and could continue to go touch the 50 EMA which would put us at 3800ish, 3850ish and still be considered a Bear Rally. With higher pivot lows forming, interest rates still rising with the 2 YR @ 4.6% and an inverted yield curve and a Fed with now intentions on pivoting. You gotta ask yourself: "Do we continue higher with all these head winds?". Many of these "earnings beat" headlines were already on reduced guidance. Corrections can happen two ways. With time, and with Price. Since about September 23rd, we've been correcting with TIME. And now looking for a corrective phase in PRICE with the move we saw on October 23rd and Friday's move. Now if we take a look at the VIX, you would think with all this volatility, it would be more aggressive but the VIX is a forward looking. It implies what is to be expected. And expectations came down last week but not significantly. Here's something to consider. Refresh and then Reinitiate. Sometimes when the market gets confusing, it's best to sit back and be patient for the right entry. Cash IS a position. Nothing wrong with waiting for a clearer picture. Look what happened back in May and June. There was hope in the market as it jumped up between the 20 EMA and 50 EMA before it continued lower. So, similar thing could be playing out here again. Let the hope phase fizzle out and reinitiate your execution. This week we have AAPL, AMZN, GOOG, MSFT announcing earnings and these guys are heavily weighted in the S&P, so important to pay attention to market activity. I am still bearish but not as bearish until I see what happens this week. Mange risk accordingly, position size, stay disciplined and patient. Happy Trading everyone!
SP:SPXShort
by MMOTA_
AUDJPY Sell IdeaHere are my thoughts on AUDJPY coming down from the supply zone. We can see on the 4 hr that market structure is coming down and it went into accumulation and created liquidity. I also saw the liquidity was taken above the accumulation/consolidation and tapped into the 4 hr zone. From there I dropped to the 15 minute zone and saw that once price tapped into the 4 hr zone, it created inefficiency, took out liquidity, and had a change of character. Right now, on the retracement, it is creating liquidity and I'm thinking that it will take out the liquidity on its way back up to fill the ineffi,ciency then continue with the downward market structure.
Short
by BlackDiamondFX
1
BTC POSSIBLE DIRECTIONS CLEAR PICTURE Hy my name is rukhshan warraich . Lets take a top-down (htf-ltf ) approach to analyze bitcoin next movement . 1w-1d-4h a) Technicals lets first consider 1w data : btc currently ended the h&s pattern but the price target area has not been touched yet that is a bearish movement (which is around 11000 per bitcoin ) left shoulder of the h&s pattern is higher than the right shoulder which makes it more accurate and valid to have a bearish movement . curently btc is in consolidation phase where bulls and bears have no proper control over the price . the next major technical support is at 11800 (very bearish move ). 1d data: btc formed bearish flag (18june - 15 august ) and then showed a bearish move (almost -5800 usd down ) curently forming a descending triangle is till now playing good .(bearish pattern ) support is well kept but the price at support is fluctuating (17700, 17400 , 18200) big picture shows btc is making a double bottom pattern with a price target of (24500 , 28000) which looks not posible considering the economical conditions . so the last hope is that it holds the support or loose it to confirm the very bottom . halving is in 2023-2024 and considering economical conditions and inflation bull run is not possible. 4h data : symmetrical triangle which can break from top or bottom (not confirm yet but most likely to the bottom ) b) fundamental analysis : elsalvador is thinking of not buying more bitcoins as 70% of the population voted against buying more bitcoin. maybe elsalvador will sell causing more panic . market has not much reacted to good news so far . sentimental : people needs to withdraw money because of inflation and economical crisis . conclusion : considering all these points , btc can still take a relief rally till (19700-21000) but the overall market is still bearish . like , share & comment .
by xairuq
2