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harmonics showing daily bounce attemptid call it 68/32 that we have a daily bounce attempt if we hold these lows. id look for a lower weekly high, and some additional bearish activity going into this week. weve had a good rundown toward support that did break lower on the real body of futures and cause momentum toward backwardation. 5-6 weeks of red usually calls for a countertrend rally and elliott wave scenario is playing out correctively. this is why im sticking to the plain red path in the middle.
AMEX:SPYLong
by cerealpatterns
moving with H&S patternMorning folks, So, our recent "222" is done and market re-tested 37K daily trend line support. With relatively dovish Fed comments, BTC gets the chance to show the bounce. If we get the pattern on the weekly chart- upside action could stand for 4-5K. Meantime, on 1H chart, market is forming the H&S pattern. Currently upside target based on AB-CD pattern stands slightly higher. Supposedly it should be the neckline. If we 're correct - then the bottom of the right arm, as usual, seems to be attractive point to consider the long entry
COINBASE:BTCUSD
by Sive-Morten
SPX500USD dropping to the 4300? 🦐SPX500USD on the 4h chart is moving in a descending channel and after a test of the upper trendline the price in the late session of yesterday dropped to a previous support area. The price in fact has been rejected by the confluence zone between the 0.5 fibonacci area and the dynamic resistance and is looking now to break below the lower structure. How can i approach this scenario? I will wait for a break of the area and in that case i will check for 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.
OANDA:SPX500USDShort
by InkyGrip
Message merits repetitionMorning folks, So, it is nothing to please the bulls by far. April closed at tail, while weekly bullish grabber has not been formed. As we're coming to Fed and NFP and BTC still stands tightly related to stock market performance - we expect Fed comments might be more hawkish, which could put additional pressure on BTC. From this standpoint - on 1H chart we see absolutely the same setup as we've traded last time. It is once again "222" pattern that supposedly should start from $39.74K. This is for the bears. For the bulls right now we do not see anything suitable. In case of upside breakout of 40K area, something could be formed... but not yet.
COINBASE:BTCUSD
by Sive-Morten
USDCAD retrace before the new impulse? 🦐USDCAD on the 4h chart after the triple top over the support at the 1.24700 started a bullish impulse up to the 1.27500. The market is looking now for a retracement to the 0.382 and a possible test of the lower support area. How can i approach this scenario? I will wait for a test of the structure and in that case, i ll check for a possible inversion around that area, when the market will shift the scenario i will look for a long entry point 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
Long
by InkyGrip
Upside action looks weakMorning folks, BTC has shown a bit curious action in recent few days. The upward bounce that has become the surprise for us - has been reversed fast and price returns back to its own. The result of this action is bearish reversal session on daily chart. 1H chart shows very choppy bounce that cares no signs of thrust. It means that this is not the reversal. Now market stands at solid intraday resistance area. We suggest that downside continuation in current circumstances looks more probable and we still could keep an eye on 37K trend line support on daily chart. Bullish scenarios could return back on the table as soon as market forms some clear reversal pattern.
COINBASE:BTCUSD
by Sive-Morten
2
ETC Analysis (for practice) The yellow lines here are the daily unchecked levels I identified. Price seems to be making its way down to check the 28.75 level, with some stops along the way (Stops being unchecked levels within the lower timeframes). The tan lines indicate 4-hour unchecked levels, one of which the price has recently checked (tan dotted line). If there aren't many institute buy orders here at the 4hr levels, we shall see the daily level get checked soon, imo. * This is not financial advice*
COINBASE:ETCUSD
by BcryptoD
3
GBPJPY a move to the 0.618 🦐GBPJPY on the 4h chart reached the 0.5 Fibonacci level over a daily support providing us another great profit opportunity since our last call on this pair. The price is now testing the support area and some retracement can to the 0.382 can happen in the next trading hours but, we can expect anyway some more retracement to the downside in the midterm. How can i approach this scenario? I will wait for the potential break of the 0.5 Fibonacci level and in that case i will wait for the Plancton's strategy rules to be applied and 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
DGB- good wedge formationHello everyone The bear channel of DGBUSDT is turning into a wedge pattern ( tight one)that shows a possible reversal or a steady bull channel formation in the next few days. On 4 hours chart however,we can see a small bear flag pattern and a possible head and shoulders pattern, which shows, that market can touch the support level ( 0.0225$)and come back and go up to resistance level 0.027$. P.S. : Wedge pattern is more likely to have a reaction,because of higher time frame , and volume.
by HubAlgo
1
We consider $37.3K and $35.7KMorning folks, So, BTC expectedly erased all potential bullish patterns around support area that we've discussed last time. H&S also has failed. With the recent J.Powell comments and dynamic of the S&P index we suggest downside continuation on BTC, with the nearest short term targets of 37.3K and 35.7K of 1H butterfly pattern. In the longer-term we do not see any reasons to change our long term view by far, and still expect that BTC should reach 26K area at least, in mid term perspective. That's why we think that time for long-term investing in BTC is not come yet.
COINBASE:BTCUSD
by Sive-Morten
Nasdaq Daily Midterm Sell SignalWe have a daily sell signal in the Nasdaq. I suspect that the stochastic might create hidden divergence; if this is the case the general markets will head higher. But if the stochastic buries in the daily time frame and the price action takes the Nasdaq (and the general markets) much lower than the 200ma then we can expect a long and enduring bear market, a bear market much longer than the the housing market crash of 2007-2009. Why? Because of the price action from 2011 to 2021 became parabolic and EXTREMELY overbought.
CME_MINI:MNQ1!Short
by Sinex
EURGBP on a falling wedge? 🦐EURGBP on the 4h chart is trading between 2 narrowing trendline. The price has now reached a support area at the 0.786 Fibonacci level and we can expect some retracement to the upside. How can i approach this scenario? I will wait for the EU market open and if the price will break above the 0.618 Fibonacci level i will look for a nice long order according to 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.
Long
by InkyGrip
12
EURCHF looking up 🦐EURCHF on the 4h chart is trading below a minor resistance area. The price after 2 test of the area retraced over the lower descending trendline and bounced for a new test of the structure. How can i approach this scenario? Being Friday is quite risky to trade in the late sessions but if the market will break above the resistance area i will consider a nice long position according to the Plancton's strategy rule. --–– 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.
Long
by InkyGrip