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Turbo preparing for more upwards move but there will be pain!Turbo's price action is currently in what looks like a level 1 move, however this could be invalidated if the equal DAILY lows are taken out by a liquidity sweep. However that should be short lived as there is significant resistance in the form of an FVG and Gap in the 'Discount' zone, below the 0.50 Fibo, as we are still in a Bullish Trend with current DAILY and WEEKLY EMA in a bullish cross. The painful areas could be anywhere between the Gaps (0.004970 ~ 0.0040016) or even as low as (0.0034710 ~ 0.0029715). However in my opinion price action won't breach the 0.004000 value, unless with a fast wick to the down side before reversing. The bullish targets are the Equal Highs (where liquidity is lurking) as well as the previous High where additional liquidity is lurking in the form of bearish stops on the futures markets. All in all, based on my analysis, is that Turbo will continue to surge forward, at least to a target of anywhere between 0.01 to 0.10 cents, even possibly higher, based on market sentiment and interest in this token, which I must add is based in Real Art with a very interesting background story of how it was created, with the assistance of both a strong community and Chat GPT AI.
Long
by Market-Pip-Factory
1
Why You Should Avoid Trading Standard Patterns: Deeper AnalysisTrading based on technical analysis is a popular way for traders to identify market opportunities. One of the most common methods of technical analysis is the use of chart patterns. These patterns are recognizable formations created by price movements on a chart. Traders use these patterns to identify potential areas of support and resistance, as well as trend reversals. However, there are several reasons why you should avoid trading standard patterns: 1. Widespread Awareness and Anticipation: Standard patterns are well-known and widely anticipated by market participants. This means that they are already priced in, making trading them a low-probability strategy. 2. Potential for False Signals: The formation of a pattern on a chart does not guarantee the expected outcome. In fact, standard patterns can often lead to false breakouts and failed trades. 3. Difficulty in Trading Effectively: Trading standard patterns effectively requires a high level of skill and experience. Without a deep understanding of market structure and price behavior, traders can easily fall victim to false signals and whipsaws. Advantages of Trading Liquidity Patterns: Liquidity patterns offer a more effective and reliable alternative to standard patterns. These patterns are based on the concept of market liquidity, which refers to the ease with which an asset can be bought or sold without impacting its price. By identifying areas of high and low liquidity, traders can gain an edge in the market. In-depth Analysis of Popular Patterns: 1. Double Bottom: The classic double bottom pattern is a bullish reversal pattern that forms when the price of an asset makes two consecutive lows at the same level, followed by a rally. However, the standard double bottom pattern has a significant drawback: it leaves liquidity below the lows, which can lead to false breakouts and failed trades. A more effective way to trade this pattern is to look for a lower low. This occurs when the price makes a new low below the previous two lows. This indicates that the market is absorbing all the sell liquidity and is ready to move higher. 2. Triangle: A triangle is a consolidation pattern that forms when the price of an asset ranges between two converging trendlines. Traders often look for breakout trades in triangles, but this can be risky. False breakouts are a common occurrence in triangle patterns. This is because market makers often manipulate the price to induce traders to break out of the pattern, only to reverse the price and trap them in losing trades. A more effective way to trade triangles is to look for liquidity grabs. This occurs when the price moves outside of the triangle, only to quickly return back inside. This indicates that market makers are taking liquidity from the market and are preparing to move the price in the opposite direction. Practical Tips for Trading Liquidity Patterns: Always trade with the trend. Liquidity patterns are most effective when they are traded in the direction of the overall trend. Use stop-loss orders to protect your downside. This will help to limit your losses if the trade does not go your way. Be patient and wait for the right setup. Don't force trades and only take those that meet your criteria. Additional Considerations: Market context: It is important to consider the overall market context when trading liquidity patterns. For example, patterns are more likely to be successful in trending markets than in range-bound markets. Risk management : Always use sound risk management principles when trading, regardless of the pattern you are using. This includes using stop-loss orders and position sizing appropriately. False signals: It is important to be aware of the potential for false signals when trading liquidity patterns. Not all patterns will lead to successful trades, and it is important to be prepared for losses.
Education
by Yaroslav_Krasko
3
GMX : How to detect REVERSAL PATTERN ??GMX has been trading within a significant horizontal range since May 2023, experiencing rebounds from both the lower and upper boundaries. The recent attempt to break out and subsequent sharp decline raises the possibility of a retest of equal lows around $42. Anticipating this retest and observing liquidity dynamics could provide insights into the potential for an upward move. 🔄 Horizontal Range Trading Analysis: The extended period of trading within a horizontal range highlights a balanced market sentiment, with buyers and sellers engaged in a tug-of-war. GMX has shown resilience in bouncing off both the lower and upper boundaries, but the recent failed attempt at a breakout led to a notable decline. 📉 Failed Breakout and Retest Anticipation: The unsuccessful attempt at a local breakout followed by a sharp decline suggests a temporary imbalance in favor of sellers. Anticipating a retest of equal lows around $42 becomes plausible, considering historical price action within the range. 🔍 The Significance of Liquidity: The concept of liquidity becomes crucial in understanding potential market movements. The anticipation of a retest at $42 implies a zone where liquidity may accumulate. Observing the reaction to this level and the subsequent behavior of liquidity can offer valuable insights into the potential for a bullish reversal. 🚀 Potential Scenarios: Equal Lows Retest: A retest of equal lows around $42 would be a critical juncture. The market's reaction to this level, especially in terms of liquidity dynamics, would provide indications of buyer interest. Liquidity Accumulation: The accumulation of liquidity at the retest level could act as a catalyst for a potential upward move. Increased buying interest and a shift in the balance of supply and demand could signal a reversal. Confirmation of Reversal: Traders should await confirmation, such as a sustained move above resistance levels and the establishment of higher highs, to validate the potential for a bullish reversal. 💡 Trading Strategy: Traders considering GMX should exercise caution and await confirmation signals. Entering a position near the anticipated retest level could offer a favorable risk-reward ratio. Implementing stop-loss orders below key support levels is advisable to manage risk effectively. 🔮 Future Outlook: The technical analysis suggests that GMX is at a critical juncture, with the potential for a retest of equal lows around $42. Traders should closely monitor the price action, liquidity dynamics, and confirmation signals to navigate potential opportunities for a bullish reversal. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions.
by AlexWhale
AVAX Gearing Up: Liquidation Pool Unveiled as Catalyst for PUMPAvalanche (AVAX) has orchestrated a compelling narrative on its 4-hour chart, crafting an extensive pool of liquidity beneath a crucial horizontal support level. As equal lows paint the canvas, anticipation mounts for the withdrawal of this liquidity, acting as a powerful propellant for AVAX's upward trajectory. Key Elements of AVAX's Strategic Liquidation Pool: Strategic Liquidity Pool Formation: AVAX on the 4-hour chart has meticulously formed a substantial liquidity pool beneath a horizontal support level. This strategic formation holds the potential to serve as a launchpad for a significant move in the upward direction. Equal Lows as Precursors to Potential Ascent: The emergence of equal lows in the chart designates a level playing field, suggesting equilibrium between buyers and sellers. This equilibrium, when disrupted by the withdrawal of the liquidity pool, could serve as fuel for AVAX's ascent. The Unveiling Drama - What to Watch For: Strategic Withdrawal of Liquidity: Traders and investors are keenly watching for signs of a strategic withdrawal of liquidity beneath the crucial horizontal support. The removal of this liquidity acts as a catalyst, providing the necessary momentum for AVAX to ascend. Fueling the Ascent: Equal lows, indicative of a balanced market, set the stage for a potential breakout. As liquidity is drawn, it unleashes the fuel needed for AVAX to surge higher, potentially initiating a sustained upward trend. Strategies for Traders: Observing Liquidity Withdrawal Signals: Traders should closely monitor the charts for signals indicating the strategic withdrawal of liquidity. Confirmation of this event could serve as a pivotal moment to enter or adjust positions. Understanding Equal Lows Dynamics: Recognize the significance of equal lows as a precursor to potential market equilibrium. Utilize this understanding to gauge the impending direction of AVAX and adjust strategies accordingly. Conclusion: AVAX's Liquidation Symphony and Ascent Anticipation AVAX's strategic formation of a liquidity pool beneath a crucial support level, combined with the equilibrium depicted by equal lows, sets the stage for an intriguing market symphony. Traders and enthusiasts eagerly await the drama's climax as liquidity is withdrawn, potentially unleashing a powerful ascent. 🚀 Catalyst of Liquidity | ⚖ Equal Lows Dynamics | 📈 Fueling the Ascent 💬 Share your insights: How do you interpret AVAX's liquidity dynamics, and what strategies are you employing as the drama unfolds? 🌐✨
Long
by Yaroslav_Krasko
1
BNB: Manipulative Moves in TriangleBNB has become the focal point of attention lately, caught within the confines of a significant triangle. What makes this setup intriguing is the consistent formation of equal lows at the bottom, an enticing prospect for market makers. These stable lows create an ideal opportunity for market makers to trigger stop losses hidden beneath these levels and propel the price higher. The Art of Manipulative Moves: Cryptocurrency markets are rife with manipulation, and BNB is no exception. Its current state, stuck within a giant triangle, provides an ideal playground for manipulative actions. Market makers can exploit this pattern by creating false impressions, triggering stop losses, and generating volatile price movements. Exploiting the Imbalances: Moreover, on the weekly chart, there are lingering open imbalances waiting to be addressed. Market manipulators might seize this opportunity to rectify these imbalances, a move that could potentially fuel further upward momentum. Trading Strategy: Caution and Vigilance: In an environment marked by manipulation, caution and vigilance are your best allies. Stay alert to sudden price movements and be prepared for unexpected volatility. Solidify Your Strategy: Reinforce your trading strategy, incorporating robust risk management practices and stop-loss orders to protect your positions. Stay Informed: Keep a keen eye on the market and stay informed about news and events that could influence BNB's price. Conclusion: BNB's current situation within the giant triangle is a testament to the complexities of the crypto market. While patterns and setups offer valuable insights, it's crucial to acknowledge the presence of manipulative forces. As a trader, your ability to adapt, remain vigilant, and navigate these manipulative maneuvers will be your strongest asset. Remember, in the crypto world, knowledge is power. Stay informed, trade wisely, and may your journey in this dynamic market be filled with success. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
1
EURUSD isn't turning yetAs most people are looking for eurusd to make a turn back down we keep seeing it rally up not knowing when it will stop but i have an idea of where and thats what i'm gonna share with you today, as you can see on the chart looking at it on the daily we have equal highs wich are attracting price to that supply zone, maybe once they are out we'll be able to start taking sells again, hopefully soon to continue with a bear year for eurusd, i might make another post on macroeconomy and fundamental analisis just to explain why eurusd will be going down this year.
Long
by marcegido03
EURUSD: Buyers Are Drowning 🏊Buyers are taking a real beating, they keep buying but the dollar keeps pumping. At some point the market will need to give them a sign of relief. Since we have swept the liquidity below this zone and tapped into a mayor order block, we may begin to see slight relief here. BUT Don't think that a bullish candle means a reversal! This is what they will want you to believe. I am expecting a buy lure followed by a strong sweep before price moves in the intended direction. Something similar to what I have illustrated. Of course, this is a long term play and will require lots and lots of patience and trade preparation.
by AlkalineFX
29
USDCAD - Bearish OrderflowThis is the USDCAD Monthly Chart. USDCAD is testing a strong Bearish Breaker (the last down candle before an up-move for a raid on Buy-Side Liquidity). While testing the Breaker, we are currently creating a Swing-High. It was forming Higher Highs, made a reversal point, and now making Lower Highs instead. This tells us that momentum was initially Bullish, but now that we are creating Lower Highs on the other side of the curve - we should see price mirror itself (aka do the exact same thing on the other side of the curve - meaning that momentum is shifting and it should go Lower). There are relative Equal Lows residing below current price which I expect price to sweep through. A FVG is also resting right below these Equal Lows, so could expect the Lows to get swept down into the FVG. Because USDCAD is testing such a strong Breaker, I expect an explosive move lower. With this, I will be framing a huge Bearish Bias for USDCAD, for Lower-Timeframes trades. Knowing what the Higher Timeframes are doing is crucial to trading Lower Timeframes with highly probable setups...
Short
by Bastianelton
BTCUSD: Bring On The Hate 🚨In my opinion, BTC still has a long journey of downside before the buyers get what they have been waiting for all this time. Breakout sellers from the head and shoulders pattern will likely be the target of this short term bullish run before bears grab hold of the market again and take the price down the equal low liquidity. I will be searching for sells in between the two zones as illustrated. Good luck everyone! Don't fall for mass psychology, analyse the chart with an open mind. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
85
bitcoin to $30k ?I'm a complete bitcoin bull, but when i look at the higher time frame chart through institutional eyes, i can't help but notice this scenario. Close to all retail is waiting for one last bounce towards $40,5k, so they can fill their bags for the rallies ahead. But this makes me look at all the liquidity below the lows (on chart). I feel like the large institutions will likely send bitcoin below these lows just to scare and liquidate the retailers. Possibly come down towards the bottom orderblock so they can mitigate their positions. Not in this chart but also noticable, still large amount of supply / volume between $28k and $40k. This scenario would not only scare the bulls by dropping below $40,5k... It would also scare the bears since all of them are looking at the larger time frame head and shoulders pattern which wouldn't play out either... (larger head and shoulders pattern has a target of around $24k, depending on how you draw it)
BINANCE:BTCUSD
by Juniorl09