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The same 29.4-30.9K in focusMorning folks, So, market stands quiet in recent 3 weeks and we have not many thinks to add to our previous view. In short-term perspective, we still think that here we should get some upside spike, supposedly to 29.4-31K at least. THus, we do not consider any short positions by far. Concerning longs one - we follow the same tactics of searching patterns inside the consolidation. Last week we already have made a deal with "222" Buy, now - the story could repeat and we could get another one with potential entry point around 27.5K. Let's see...
COINBASE:BTCUSD
by Sive-Morten
2
USDJPY can break the 133? 🦐USDJPY after the test of the 137.500 area dropped with a series of lower low lower high until the 130 round zone. The market took the liquidity below the daily support and retest the 130.500 and started an impulse to the next resistance area which is the previous lower high. After the rejection by the 133 area the market retraced at the 0.786 Fibonacci zone and moved back to the daily resistance. According to Plancton's strategy IF the price will break above we can set a nice long order.
by InkyGrip
6
USOIL on a hot level 🦐 After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will move on the 4h chart to check for a nice entry according to the Plancton's strategy rules. If the price will move to the gap i will monitor the supports on the 4h time frame to identify a possible lower entry according to the MTB Strategy.
TVC:USOIL
by InkyGrip
10
USDCAD a turn at the 0.886 Fibonacci 🦐USDCAD on the 1D chart has traded at the recent high. The price after testing the weekly support at the 1.33 level started an impulse that drive the pair to a new test of the monthly resistance with a spike. We can notice how the market turned at the 0.886 Fibonacci retracement from the previous recent high to the 1.33 level. How can i approach this scenario? I will wait for a potential break of the support area and IF that will happen i will move on the 4h chart to look for a possible short order according to the Plancton's strategy rules.
by InkyGrip
2
USOIL back to the 85? 🦐After the test of the lower support at the 66 level and the recent decision of several top producers led by Saudi Arabia to output cuts the price is back at the top of the previous range between 72-82. I can see the gap which has to be filled sooner or later but in this moment the target might be the upper level where a lot of liquidity stays. How can i approach this scenario? I will wait for a potential break of the resistance area and in that case i will move on the 4h chart to check for a nice entry according to the Plancton's strategy rules.
TVC:USOIL
by InkyGrip
6
29.4K must be touchedMorning folks, No big changes so far. We do not see yet the crash of bullish context. Since our major 29.4K target has not been completed yet - we could take position that could lead us there. Today we consider intraday 27.2K area as potential entry. Once major target will be hit - we need to see in what manner this will happen. If BTC will hold above 30K we could consider 35-38K as a next target. If instead, this will be just short-term spike with fast return and drop down - bearish reversal will have more chances to happen... But for now - 29.4-30K...
COINBASE:BTCUSD
by Sive-Morten
BTC - Short-Term Correction Started ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 on H4: Left Chart As per my last analysis, we know that BTC has been sitting around the upper bound of the gray range. Yesterday, BTC rejected the upper gray zone and now trading lower. Hence, as we approach the lower gray zone / green trendline, we will be looking for short-term buy setups. UNLESS the zone is broken downward, then a bigger bearish correction would be expected till 25,000 📌 on M30: Right Chart The bears took over already short-term by breaking below our last low in red. Now we are bearish trading inside the falling red channel and expecting a movement till the lower gray zone of the range. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
Uncomfortable place to buyMorning folks, So, Monday's trading plan is done more or less positive as BTC comes to upper border of consolidation. Now, we have a bit tricky situation. Bullish context is still valid here but price stands at weekly resistance area, forming daily bearish divergence and showing minor bearish wash&rinse, here, on 4H chart. So, it is not very comfortable to buy. We see two possible solutions for that. First is - repeat Monday trading plan, i.e. wait for pullback in bottom half of consolidation and see what will happen, look for buying chances, (say, if "222" Buy will be formed). Second - use Stop "Buy" order above W&R top. In this case you automatically step in once BTC starts breaking consolidation upside. Use not too extended upside target - 29.20-30K as max.
COINBASE:BTCUSD
by Sive-Morten
Bitcoin ranges By looking at the chart it's quite clear that BTC has 2 very distinct and important ranges. The blue range between 15.3k & 25.2k has been our home for the past 9 months, by splitting this range up into quarters on the 1d chart you can see that price on many occasions respects these given levels. The orange range is where we are now, we've broken up past the 25.2k range high and have now entered a range of 25.2k & 32.4k. These prices were set between may and June of 2022 while price was extremely bearish. As the chart suggest price is respecting the quarters of this range already and if we assume they will continue to do so this could be an efficient strategy for swing trading between quarterly limits. The price ranges of these given segments are show to the left of the chart, this emphasises the need for risk management in a bear market and it's a lesson a lot of traders including myself learn the hard way. By holding onto BTC while it drops from 25.2k to 15.3k you would lose 39% of your investment, for that to break even again BTC needs to increase by 64%, it's something that a lot of people don't take into account so just a little reminder to some beginners. A lot of people have positioned themselves waiting for a retest of the 25.2k area to ensure that we have entered a new range. I do think it's possible however the market rarely does what the masses expect.
INDEX:BTCUSD
by ProR35
2
29K resistance comes in play Morning folks, So, market still stands in the same place where we've left it last time, LOL. Deeper downside pullback to ~25.5K area that we have discussed has not happened and market is coiling above nearest 3/8 support area. This could be treated as short-term bullish sign. Besides, last session we've got bullish grabber on daily chart. Here we also see signs of bullish dynamic pressure, where MACD is down, while price action is not. Put it together, we suggest minor upside continuation, somewhere to 29.2-29.3K area, because upside H&S target has to be done. Once this will happen - the strong weekly/monthly resistance of 28-29K will come in play. So, currently we do not consider taking any long term bullish positions. Only short-term, with mentioned target.
COINBASE:BTCUSD
by Sive-Morten
3