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The plan is changing... at least the 2nd halfMorning folks, So, on Thursday we've suggested "60-67-60" action, and there are no questions to the first part. Indeed rally was really nice. But, the 2nd part of action from 67K down to 60K was based on potential weekly bearish engulfing pattern, if you remember. But it has not been formed as you could see. Together with other bullish signs that it is too long to describe here, now we cancel the idea of action to 60K and keep bullish view. Particularly speaking, upside breakout could come with reverse H&S on top. Now market is still coming to neckline and target around 71K. But, if breakout still happens, we consider 77.30K as the next destination point...
COINBASE:BTCUSDLong
by Sive-Morten
SasanSeifi 💁‍♂BITCOIN Daily BINANCE:BTCUSDT 🪙 In the daily timeframe, the trend is moving between the ranges of $73,700 and $60,700 in a fluctuating manner. As you can see, the price has experienced a slight increase, and after the increase, it faced a negative reaction from the price range of $71,400 and is currently trading at $65,100. 🔺One scenario we can consider in the daily timeframe is that the price may experience some corrections until the lower range of the box, around $64,800/$62,900. Then, if confirmed in lower timeframes, we can expect a positive reaction from the price around these areas. To better understand the continuation of the trend, we need to see how the price reacts to these areas.❗️ 🔺Additionally, if the price faces selling pressure and breaks below the $60,700 price range, the probability of a further correction to $59,000 increases. In case the correction continues, the next targets are also indicated in the image above.✌️ This is not financial advice, though❗ Do research before making investment decisions. 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!🙌
by SasanSeifi
2
SasanSeifi 💁‍♂DXY/ Daily Hello, The dollar index TVC:DXY started an uptrend from 100.600. After reaching the liquidity zone around 104.900, it faced a correction due to profit-taking by buyers. The correction extended down to the demand zone at 102.300. The index has bounced back from the demand zone and is trading at 104.000. The EMA is moving between the candlesticks, indicating a range-bound market. If the daily candle closes with a strong body, we can expect positive movements towards 104.400 and 104.975. We must observe how the price reacts at these levels to understand the further trend. If the index breaks above 104.970/105 and consolidates, it can create a new high above 104.976 and potentially reach 105.500/106. Otherwise, after ranging and confirmation of SELL in lower time frames, we may see a correction. The key support levels are 103 and 102.350. Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.❗❌ I hope this analysis was helpful! If you have any questions, feel free to ask.🙌
TVC:DXY
by SasanSeifi
from-67K - to- 60K action is possibleMorning fellows, So our breakout setup is done well. What is looking intriguing now - BTC behaves quite different to gold, have you signed this? Recent performance, especially if we get good NFP tomorrow suggests that retracement might be a bit deeper. We consider 60-60.5K area as potential target (because we could get weekly bearish engulfing pattern by this week). But now BTC is overextended down on daily chart, so this action to 60.5K could start not know but after minor pullback, somewhere to ~ 66.5-67K area supposedly. So, how to better mark this idea as "bearish" or "bullish?" Let's mark as "bullish", because downside action if it starts, probably will start on next week.
COINBASE:BTCUSDLong
by Sive-Morten
Is NZDJPY In Falling Wedge, Or Is Something Else Building Up?Looking at the short-term technical picture of EASYMARKETS:NZDJPY , from around mid-March, the pair is trading inside a falling wedge pattern, which tends to be a bullish indication. Additionally, the rate continues to trade above a short-term upside support line drawn from the low of July 2023. Despite these indications to the upside, in order to aim higher, we would like to wait for a violation of the upper side of the aforementioned wedge first. If that happens, we would aim for the 91.21 obstacle, or even for the 92.20 zone, marked by the highest point of March. If the buying doesn't stop there, the next possible target might be at 93.45, which is the current highest point of this year. Alternatively, a break of the lower side of the previously mentioned wedge and a drop below the upside line could attract more sellers into the game. EASYMARKETS:NZDJPY may then travel to the 89.26 obstacle, a break of which could set the stage for a move to the 88.64 level. That level marks the current lowest point of this year. If it fails to provide support and breaks, this move might clear the path to the 87.67 zone, which is the lowest point of December 2023. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
ETH/USDTHello everyone, let's look at the 1H ETH to USDT chart as we can see that the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $3,454 T2 = $3,603 T3 = $3,710 AND T4 = $3,845 Now let's move on to the stop loss in case of further market declines: SL1 = $3,189 SL2 = $3061 AND SL3 = $2,884 Looking at the RSI indicator, you can see how we remain low below the downward trend line, while the Stoch indicator approached its trend line, which may trigger a rebound again, it is worth watching whether the downward trend will be broken.
by cryptodailyuk
Goldmine for breakout tradersMorning folks, So, it seems that "222" Sell last time was not a bad idea at all. Despite that BTC stands in rectangle we've got two nicely looking downside bounce. Now we have some nuances with the BTC performance, but to keep it simple it is mostly suitable for those who like to trade breakouts. If you do not want to wait a bit for clarity on daily chart, in what direction market still will follow, but want to trade today we could offer you few options. First, is, if you want to bet on upside breakout and take long position - try to do it as closer to the rectangle bottom as possible. For example - it is nice "222" Buy is forming and almost ready to go. The opposite is true for bearish position. Now we have no patterns, but they could appear later. Finally, for the breakout, if you do not care on direction. The simplest way to act is to use Stop Sell and Buy orders at once, placing them just outside of rectangle. When breakout happens, you just cancel the opposite order. That's all. I mark today's idea as "neutral", because it is volatility-based.
COINBASE:BTCUSD
by Sive-Morten
The macd on btcusd.This is a time to be very careful, already having a ready strategy on the possible scenarios that will arise. The price has been gravitating around the previous ath for days, this could mean that the test of the highs could last a while, if we then look at the macd, a slowdown is evident which could indicate an ongoing short-term correction. So far it is going well and the movements seem harmonious most of the time, with intraday corrections that often do not reach the minimums, remaining with an ascending sequence of highs and lows. The strength of the bulls is still very high, my hypothesis is that the buyers cannot give their all in these moments, trying to snatch better prices, the orders in the books become slightly smaller placed at the lower levels. The market is at a crucial moment, with the halving approaching, the situation could suddenly heat up after the monthly close.
BITSTAMP:BTCUSD
by Melupira89
Control the riskMorning folks, So, our H&S is done well, and already has reached the minimal target. Now the major question whether it will go to 74.3$, a kind of "bonus" upside target. Maybe.. But, today we would think about protection and risk control, rather than about some bargain. On daily chart we've got bearish grabber that is taking the shape of '222" Sell here, on 1H chart. We're coming to PCE report and long Easter Holidays. BTC could go higher, but today we would focus on risk control instead. Think about some risk management of long position - booking totally or partially, stop tightening etc. Bears by the way, could think about short entry. Chances on success are low, but potential money risk is small as well. If you succeed, result will be 10K+ per coin. It worthy at least to think about it... Let's mark this report as "bearish"due described issues.
COINBASE:BTCUSDShort
by Sive-Morten
2nd attempt is betterMorning folks, So, let's go back to our H&S pattern, which is a 2nd attempt to go long. You could see that it starts working. Right arm stands in place and now we could move stops to breakeven. Second is - we could estimate targets. First one is H&S AB=CD around 69.70K. If we get lucky, we could see 1.618 expansion to 74.3K. Finally, if you've missed entry but still would like to step it - on 1H chart we have local "222" Sell. Here you could watch for two nearest support levels. Just avoid buying if we get strong downside action. Drop under 64.50K Fib support also will be a bad sign, because it breaks the nature of reverse H&S pattern that should be bullish. And strong drop with erasing of the right shoulder definitely will be the sign of H&S failure. Keeping this simple rules in mind should let us to pass this journey without big shocks.
COINBASE:BTCUSDLong
by Sive-Morten
CHF Loses Ground After The SNB Rate CutToday, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of EASYMARKETS:USDCHF on our daily chart, we can see that the pair popped higher today after the SNB release. The rate rose above a key resistance barrier, at 0.8886, which is the highest point of February. As long as EASYMARKETS:USDCHF continues to trade above that barrier, we will stay positive, at least with the near-term outlook. Given that the pair had already reached and overshot one of our key resistance areas, at 0.8954, we will continue aiming higher. That's when we will target the 0.9052 obstacle, or even the 0.9113 level, marked by the highest point of November 2023. In order to shift our attention to some lower areas, a break of a short-term tentative upside support line taken from the lowest point of December 2023, is needed. This way a directional change of the current uptrend may occur, possibly inviting more sellers into the game. EASYMARKETS:USDCHF could then fall to the current lowest point of March, at 0.8730, a break of which may set the stage for a move to the 0.86500 area. That area is marked near the inside swing highs of January 29th and February 1st.
by easyMarkets
Nice bullish signalMorning folks, Although we were a bit sceptic last time about good entry chance, because we saw how BlackRock just buying out any, even minimal deep on the market. Still, market was able to reach 65K area that we've discussed on Thursday. 65K is also daily oversold. Since we have strong upside momentum, upside bounce should be at least 5/8, which is around 70K, but this is minimal target, it could move higher. On 1H chart we have great pattern on the back of this idea - reverse H&S. It is not totally completed yet, but shape is becoming clear. So, depending on what AB-CD pattern we will get, based on this pattern, we get corresponding upside target. For now it is around 71-72.5K We consider no shorts by far.
COINBASE:BTCUSDLong
by Sive-Morten
1
The macd on the btcusd daily.Correction in progress, macd reporting a new cycle but we knew this well. Now the thing to do is to wait and understand how long this correction will last, because there are still many buyers. The indicator here is drawing a high and agrees with the price, a signal that the bullish trend is very strong, this is in addition to the other bullish signals we have on btc, including the sequence of highs and lows on intermediate period and time, because by drawing the maximum at 73k usd, the price canceled the previous short-term correction made between December and January. I remind you that it is not enough to have a sequence of ascending highs and lows, but it is also necessary for the price to remain upwards for longer than downwards.
BITSTAMP:BTCUSD
by Melupira89
Low chances for good entry piontMorning folks, So, BTC keeps it unstoppable rally, and is strongly overbought on weekly chart. But for now market totally ignores this. Yes, upward action is slowing, we have small tactical bearish grabbers on 4H chart, but it gives low chances on moderate retracement. BTC successfully holds above previous ATH, showing no significant retracement and no doubts - this is bullish sign. Besides it has no strong resistance levels above, right up to our 85-88K target. That's being said - common technical rules recommend to not buy and way for the pullback. But would you wait or not - you need to decide by yourself. Here we just acknowledge that we do not have attractive entry point. Only, if by some reason, market will show pullback to 65K or at least to 68K, it might be interesting. The same is for bearish positions - no reasons by far.
COINBASE:BTCUSD
by Sive-Morten
5
Better to wait a bitMorning folks, So, on Monday we've sent relatively modest target - around 65.5K, it was completed. Now BTC stands at weekly overbought and strong upside continuation is hardly possible immediately. Still, intraday scenarios are also not perfect. At first glance, on 4H chart, with the grabbers aboard, we could count on tactic downside deep. But, on 1H chart (not shown here), price performance is not quite bearish. If we consider bullish position instead, we could take it only when grabbers will be erased, but this put entry level too close to the previous top that is upside target for now, because BTC is at overbought. Thus, both scenarios are not perfect and care higher risk than usual. That's why our conclusion is to wait...
COINBASE:BTCUSD
by Sive-Morten