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BTC IDEA FOR TODAY - 16.07.2022Sorry for being late, i have an important work to do. Soo last mine predcitions went good. Today i am preddicting a try of touching the liquidation zone for shorts and then retest the lower supports (KEY SUPPORT). Reasons for it: -market is on correction from last drop. after correction often prices go in trend like before the enter of correction soo now ( bear trend). -Yesterday the price went down from Fibbonaci 0,618 area wchich is strong soo probably today BTC can make fake breakout of this zone grab some liquidity and go down. - also on 4h chart we are in bear flag
by pangreen12
4
BTC idea for today. -15.07.2022BTC as in my yesterday prediction claimed over 20 400 resistance and now holding it pretty strong. BTC is in rising trend channel on 15m chart and probably most of this day will spend there. But i am predicting fake breakout to grab some liquidity over high laverage short players(21 200-21400) and then go back to rising channel. here is some reasons: -BTC is moving in consolidation on daily (19k-22k) -consolidation in mostly bear sign if the tendention of move before consolidation was bearish. -today there are a lot of ,,bad positioned shorts" on 20 200 wchich have liquidation prices at around of 21 300
by pangreen12
1
GOLD can bounce over the support 🦐🏆XAUUSD on the daily chart is oin a bearish price action. The price has dropped from the ath to the 1700 level and is now looking for a test of the weekly support. How can i approach this scenario? After a long downtrend, i will expect a retracement to the upside and i will wait for a price reversal at the structure to check the opportunity for a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
USOIL back to the 100? 🦐USOIL on the daily chart moves over a dynamic support. The market after the test of the highs is retraced at the 0.5 Fibonacci level at a monthly resistance. How can i approach this scenario? I will look for the potential break of the support area and in that case i will move on the 4h chart to set a nice short order according to the Plancton's strategy rules. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:USOILShort
by InkyGrip
4
weak relief to the bullsMorning folks, As we've warned last time - BTC has to keep dropping because of fundamentals and cheating Fed action with its QT programme. Recent CPI numbers also stand not in favor of the bulls - now we could suggest 1% Fed change on next meeting. Thus, we're sceptic on any bullish performance right now. Based on technical picture we do not argue against minor bounce to 21.15-21.40 K area, but we do not see any fundamental changes and preparation for the shift of major trend. Thus, we do not consider any long positions by far. If the pullback still happens, it should be good opportunity for taking new shorts here.
COINBASE:BTCUSD
by Sive-Morten
GBPJPY on a triple top 🦐GBPJPY on the daily chart is trading near to the recent highs. The price after a 3rd rejection by the resistance structure dropped.to the 163 area and might move below it within this week. How can i approach this scenario? I will wait for the EU market open and search for a break of the support. In that case, i ll be looking for the Plancton's strategy to set a nice short order. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
AUDJPY can move lower? 🦐AUDJPY on the 4h chart on last Friday broke below the support area at the 93 level. The market is now looking for a retracement and a possible retest of the 0.382 Fibonacci level. How can i approach this scenario? I will wait for a retest of the resistance level and at that point if the price will provide an inversion i will check a potential short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
Fed is cheatingMorning folks, BTC was able to show a bit higher pullback, reaching minor 3/8 Fib resistance around 21.30K, although we've expected direct downside continuation. Why we've made a mistake? Well, we've trusted to the Fed promise that it should sell 48.5 Bln assets off the balance... But they have lied. In June they have sold six times smaller amount - just around 0.7 Bln. But it is not all yet guys. Since May, the US Treasury deposit decreased for 300 Bln. Money was withdrawn and sent into economy. It means that net liquidity inflow is + 250 Bln, instead of -48.7B as it should be. So, feel the difference. Of course the bulk of these money flow to the stocks, which explains why they are stopped dropping. As BTC has 90% correlation with NSDQ, it also gets some money... But, since the start of the July Fed has sold about 20 Bln (look TW chart WSHOSHO). And markets immediately have turned down again. Thus, it is simple explanation with no changes in fundamental background. This also makes us to not change our opinion and wait for 12K area - our next target. We do not consider any long positions now. For the short entry you could use bearish flag pattern on daily chart and few Fib levels to decide where to hide the stop. Besides, this week we get new CPI numbers. As liquidity has not been contracted - numbers probably will be above expectations, which provides more pressure on BTC as well... Take care, S.
COINBASE:BTCUSD
by Sive-Morten
butterfly re-shapedMorning folks, As we've suggested last time - butterfly could be re-shaped if BTC shows upside AB-CD action but it makes no impact on its target and on the direction. Now we have three technical reasons to expect downside continuation on BTC market . First is the same bearish dynamic pressure on the daily chart, where MACD stands bullish but price action is not, forming pennant consolidation. Second is, the shape of price now. It is very choppy and indecision, showing no signs of reversal or thrust. Finally - our butterfly on 1H chart with the same 18K target. Thus, we do not consider any long positions by far and downside action should continue sooner rather than later...
COINBASE:BTCUSD
by Sive-Morten
Swing Trading Setup For The DAX 30 – Falling Wedge PatternHi Traders, Having a look at the DAX30 on the Daily. We see a potential falling wedge with accompanied divergence across the MACD. I would like to see a break and retest of this pattern before jumping in. This is the daily time frame so this would be quite a long swing position. It's all about patience haha. Let's see how it plays out. My target would be previous daily resistance. Enjoy your Monday! The Vortex Trader
OANDA:DE30EURLong
by TheVortexTrader
Watching for 18KMorning folks, It is not occasionally every time we point that we do not consider any long positions on BTC market, despite that show you bullish patterns from time to time. Based on our Fundamental view - it is too early to speak on reversal as Fed has not started the tapering yet, but BTC already has lost 60% of capitalization. So, our approach is to watch for bullish patterns for better estimation of short entry areas. And take a look - the reverse H&S pattern that we've discussed last time has failed. Although BTC shows slow downside action, but we see few bearish nuances suggesting that it is temporal and sooner rather than later BTC should renew the lows. Currently it is difficult to find more or less clear pattern, but it seems that on 1H chart it might be the downside butterfly with nearest target around 18K area. The only question is whether downside action starts immediately or BTC will try to form minor AB-CD pattern. That's being said, we suggest to not buy BTC right now. If you search the way to go short - maybe this setup will be interesting to you. Take care, S.
COINBASE:BTCUSD
by Sive-Morten
Watching 23-24K for short selling #2Morning guys, So, H&S that we've mentioned week ago is working slowly. It is not necessary to talk alot about it. Since bearish fundamental background has not changed and we still have long term 12K target - we consider this pattern as the chance to get better entry price on the short side. Thus, if miracle happens and it works, then 23-24.2K area seems like nice resistance for selling. Conversely - H&S failure and drop below 20K lows is not the worse scenario for the bears. It also tells that upside party is over. For the bulls - if you have taken position with this pattern, move stops to breakeven and watch the movie.
COINBASE:BTCUSD
by Sive-Morten