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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
BTC Movement in Daily Timeframe Can Touch 47K !!!This is my first idea in trading view 4/22/2022 after 24Day price reduction I think we should have another pump to 47K before that we able to touch 35K !!! as you can see technically price after losing 43K ,now Price can break out long channel (Blue Channel) that made in 22Jan2022 to 35K easily. we have another big Dynamic resistance (Shown with red color ) in 40K after break 40K price can touch 47K again . 👾News Channel👾 : @purpleEx 👾Music Channel👾 : @Prpltime 👾 VIP Channel 👾 : @PexVIP
by Younesghaderi
2
NZDUSD test the 0.618 🦐NZDUSD on the 4h chart after our previous analysis reached the support area at the 0.618 Fibonacci level. The price from there bounces over the support and is now trading below a minor resistance near to the 0.5 Fibonacci area. How can i approach this scenario? I will wait for the EU market open and if the market will break above the structure i will be looking for a nice long 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.
Long
by InkyGrip
2
keep going with 38K pullbackMorning folks, So, this is mostly the update to the previous idea, as market confirms our plan and is forming reverse H&S pattern around 4H 5/8 Fib support. The butterfly that we've discussed last time, has become the part of the H&S, as we've suggested. Thus, market finally gives the pattern that bulls could follow. This is at least something. Personally I like extended pattern and better to stick with H&S and will be waiting for the drop to 5/8 support and right arm's bottom. Just because it gives best risk/reward combination and least risk. At the same time market is forming multiple patterns on 4H chart, that could trigger immediate upward action. That's why the possible compromise is to take small position now and add the bulk in a case of our primary scenario with H&S. H&S failure suggests downside continuation and the end of the upside bounce. H&S target is AB-CD based on the head and the shoulder. Now it seems it stands around next resistance area around 44K
COINBASE:BTCUSD
by Sive-Morten
1