Flipzone
GOLD → in a descending channelhello guys...
as you can see the descending channel formed and the flip area is in front of the price!
the price touched the middle line of the channel as well!
I believe you can enter the position after retracement! the target could be 2226$!
the flip area is a great area for getting long positions too!
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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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XRP Long term buy zones - BTC ETF cancelled push down XRPSlow grind for XRP could ensure that we see the lows once more. The upcoming BTC ETF will probably not be approved in one go. As a result, XRP will probably fall along with BTC.
As you can see the bottom line will take us to +/- 0.40$ first buy zone where I buy 10,000$.
If this structure gets broken to the downside, it would probably be a fast wick down and up.
So my second buy zone would be around 0.30$/0.25$. Where I buy another 6,000$.
For a flip to 0.90$ XRP
Please let me know your thoughts in the comments!
TQQQ reversal shows early tech market recovery LONGOn the 15 minute chart TQQQ took a dive down through some relative volume voids
shown on the volume profile into a double bottom also showing a transition from
high relative selling volume into some decent buying volume . I can conclude that TQQQ
is in early reversal and will head the other direction through the same volume void which
could allow for a rapid ascent. While I made profit on SQQQ today, for tomorrow I
aspire to make money on TQQQ. I love volatility just as I loved yo-yos as a kid many years
ago. The concept of converting kinetic energy into potential energy has analogies in the
markets - coiling to store momentum and the triggering to unleash it. The chart shows
pertinent levels of the trade plan. As a bottom feeding grinder I am looking for 4% of range for
tomorrow .
BTCPERP 1D is a 10% drop coming?Hello my beloved wolves of wall street,
Today I found a flip zone base that dropped btc's price a lot (the first arrow on the left) , of course the reasons for bearish trend of btc was wyckoff,Interest rate, ect.. BUT that base also did a lot, anyway,I see a channel cycle that price is going to make it. Those 3 pink rectangles are our 3pushes for our channel cycle, I think when we return to that flip zone base price will drop a lot.
So two things are giving us signals for drop: 1- 3 pushes pattern in channel cycle 2-returning to a flip zone base
GBPCHF Head and Shoulders PatternThere is a head and shoulders pattern on the 4H timeframe on GBPCHF that has formed at a resistance level and now starting to show weakness as the uptrend runs out of steam.However I strongly recommend waiting for the neck line to be broken first and then enter a short trade.Also another confluence for this trade is the RSI divergence suggesting a downtrend.The trade setup for this would be to enter at the break of the neckline(wait for candle close) which is also a flip zone( resistance turned to support) and set stop loss at 1.14444 and take profit at the second support level at about 1.11679
Trade Setup:
Entry - at the break and close of neckline
Stop Loss - 1.14444
Take Profit - 1.11679
Bank Nifty Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
So today with big gap up opening price moved between 290 points and price action stayed sideways for almost all day. I avoided trading today because as per my trade setup i wait for 1st 15 min candle. on 5 min TF i could have scalped but i am avoiding it as i always faced losses in scalping sometimes due to broker end or sometimes trade execution. so i will only try to trade on those days where there is good market trend.
Now which was resistance zone of 800 points from past 2 weeks broke today and price sustained above that zone today. Now as per change of polarity zone which was one resistance becomes support. Now 44151 will act as good support.
For tomorrow setup:
1.) If it opens flat and price sustains for 1st 15 min then will look for buying opportunities for target of Today's High (44483) , 44500. If price doesn't sustains then will look for shorting opportunities for target of 44151.
2.) If opens gap up then will wait for price action to form and if price rejects today's high (44483) then will look for shorting opportunities.
3.) If opens gap down then will look for support 1st which is placed at 44197 (Today's Low) then 44151. If price takes support there and move upwards then will look for buying opportunities for target of Today's High(44483).
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
Waiting...Gold - Looking for continuations out of London, ideally want to see Asia Liquidity swiped first then with LTF confirmation i'll look to buy towards the 1H high from the flip zone, if we get a fakeout at london to the upside and break back below 1860 with a break/retest i'll look to short towards the 1H lows!
Let me know your thoughts!
AUDUSD SHORTBeen watching this pair since Friday the 25th. hoping for a sell as it is at the flip-zone and also testing the trendline, I just hope it respect the trend, the formation of a double top of which is a sell property but immediately came back to manipulate and take out sell traders whore already in. HOPE THIS SELLS GOOD AS ANALYZED
!!!!!!!! OPINIONS AND IDEAS WELCOMED !!!!!!!!!!!!!
ETH... short and long positionhello guys
eth had formed a QM pattern at daily time frame and in upper time frame (weekly) showed as an engulfing candle so it so perfect for short position, on the other hand, this QM pattern is on flip area and flag on it, but if price break up this area (fl at flip) that i showed as a gray zone, make this crypto currency so bullish and i will update this analysis for long position.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
JICPT| Crude oil may fall to $85 to seek supportHello everyone. Fear of recession has been the major concerns of investors. By looking at the bumpy Us 10y yield chart, it has dropped from 3.48% to the current 2.67% . Obviously, the focus has shifted from supply chain issues and inflation.
TVC:US10Y
Now, bullish oil buyers are worried about the future economy with the recession looms. The negative oil price happened 2 plus years ago really shocked investors.
Technically, I think the oil is very like to seek support around $85 which happens to be flip level. In addition, it just sits below the key fib level.
What do you think? Give me a like if you're with me.
[Bitcoin] Finally, the bottom is renewed.#Crack #Bitcoin #Binance #Daily
- In the end, a bearish breakout of triangular convergence and a bearish breakout of the $28.1k important support line appeared.
- In the medium to long term, additional drops should be kept in mind because the $28k line support has failed. If the long-term bearish Fibonacci extension level of 0.618 and the support near $25,890, where the lower end of the short-term bearish channel overlaps, succeeds, we can expect a short-term trend rebound.
- If a short-term rebound occurs, we can expect an bull trend to the $29,800-$30,148 section, where the upper part of the key volume profile price is $29.8k, the long-term bearish rend Fibonacci expansion 0.5 level, $30,148, and the lower triangle convergence.
- When a short-term rebound occurs in the situation where the $26,700 low is updated, if the above-mentioned resistance section of $29,800-$30,148 is broken and the $32,658.99 high is updated, the remaining June will not have a major direction, and we can be predicted a widening pattern or diamond pattern formation.
- If the $25,890 support fails and goes down, you can expect support from the three large bids of $22.7k-$23.8k / $17.1k-$19.7k / $10k-$12.1k.
- When a bearish trend is in progress, you must respond with the decline in the $10,909-$12,107 range, where the long-term bear trend wave Fibonacci Expansion Level 1 and the mid-term bear trend wave Fibonacci Expansion Level 1 are located.
[Bitcoin] Short-term convergence in progress.#Crack #Bitcoin #Binance #1H
- Bitcoin has failed to break out the $30,655 resistance and is in the process of convergence in the short term.
- With the failure to break out the $30,655 important resistance line, the possibility of further drops should be left open, and confirmation of the $29,301 important support seems critical when the convergence bearish breakout occurs.
- The turquoise large convergence lower end and the $23,901 important support line overlap. If that support fails, it is necessary to keep in mind the emergence of a large sell-off as a bearish breakout of the large convergence.
- However, if the support of the next strong resistance, $28,750, succeeds, we can expect an extension of the large convergence.
- Breakout from white convergence, $30,655 resistance, $29,301 support, $28,750 support, check these four points carefully before responding.
[Ethereum] Is it really the bottom?? Will it fall more?#Crack #Ethereum #ETHUSD #Binance #Daily
- Ethereum is testing the support of the section $1,651.51-$1,786.12, which provided strong support from May to July of 2021.
- The Fibonacci expansion of the bear trend was supported by the 0.618 level, and VP was made, but the 0.618 level support failed in the bear trend that appeared the previous day.
- The possibility of further declines should be kept in mind because of the bear trend that emerged while making a VP at the centerline of the ongoing bear trend.
- If the bear trend proceeds, we can see the possibility of a bear trend to $658.95-$752.49, where the 1st level of the Fibonacci extension of the bear trend is located at the bottom of the bear trend.
- If the support of the strong lows fails at $1,651.51-$1,786.12, it is highly likely to turn into strong resistance, so it is better to avoid buying in the long term.
- If the $1,651.1-$1,786.12 support is successful, we can expect a bull trend to break out the $2,160.98-$2,301.88 resistance, which is located at the bottom of the bullish channel.
- If a settlement is confirmed after breaking out the $2,160.98-$2,301.88 resistance, it seems that a long-term buy response can be attempted.
- As the current rsi candle indicator continues to show low signals, a trend reversal can be expected. As mentioned above, in the case of a failure of the $1,651.51-$1,786.12 support, a long-term bear trend can continue.
[Bitcoin] Convergence bearish breakout! Bearish or extention?#Crack #Bitcoin #Binance #Daily
- Without breaking the resistance of $30,444.93 mentioned in the previous briefing, it looks like Bitcoin ended with a bearish convergence due to the emergence of a sell-off.
- We need to prepare for a bearish trend, but we also need to keep in mind the possibility of an extended convergence.
- A successful $28,715.32 support suggests the possibility of a rebound and extension of convergence, while the $30,444.93 and $31k-$31.6k resistances remain important resistances to break out.
- If the $31k-$31.6k resistance is broken, we can expect an bull trend towards the green box with the bottom of the blue bull channel.
- If the $28,715.32 support fails, further bearish trend can be expected due to the downward departure of the triangular convergence, and a decline to $22.7k-$23.8k or $17.1k-$19.7k can be expected.
[Bitcoin] End of Convergence?? Convergence extension??#Crack #Bitcoin #Binance #Daily
- It looks like the convergence is still in progress.
- An attempt was made to break out the upper end of the convergence, but it was finished without breaking the resistance of the upper end of the convergence. Last week's strong resistance of $30,444.93 still remains.
- If the bull trend closes at $30,444.93 today while continuing the previous day's bull trend, but
Since the resistance of $30,444.93 cannot be broken out and there is a possibility of a bear trend or extension of convergence, there is still a risk to the reckless buying response that took advantage of the bull trend that appeared the previous day.
- In the short term, if it settles after breaking out the $30,444.93 resistance, it is recommended to focus on buying responses, and if it does not break out the $30,444.93 resistance, respond mainly to selling responses.
- However, there is a possibility of sudden volatility at the convergence end, so it is always necessary to set a stop loss when responding.
[Bitcoin] Failed to break out $31k resistance.Will $28K support?#Crack #Bitcoin #Binance #Daily
- Buy signals for inflection are shown in the rsi_candle and racd indicators, but Bitcoin failed to break out the $31k-$31.6k resistance and is showing signs of hang back once again.
- In the rsi_candle indicator, the oversold signal rebounded with the appearance of a golden cross in the racd indicator, but the rebound failed, so I think we need to prepare for a further bearish trend.
- It is still difficult to have expectations for an bull trend. Even in the appearance of past auxiliary indicators, a trend reversal after a press/up appearance after a signal often appears. Therefore, I believe it is not too late to respond after showing a proper rebound.
- If a low with the bottom long tail of the candle appears in the near future, this may signal the start of a rebound. However, even if a rebound occurs, if the retest resistance at the bottom of the blue target channel located near 35k is not broken, it may show a confirmation of the $28k support again.
- The section to expect support and resistance during a bearish rend or bull trend is the same as the section described in the previous briefings.
[Bitcoin] Attempt to reboud at $29.8K, how far can it go?#Crack #Bitcoin #Binance #Daily
- Bitcoin is trying to rebound after falling to the $28.1k-$29.8k section, which was importantly mentioned after the last briefing.
- The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend.
- A break of $35k is important if a strong rebound occurs. Even after the breakout, the $35k support retest should be successful until the $37.8k-$39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located.
- If the $28.1k-$29.8k support fails after the failure to break out the $31k-$31.6k resistance, as mentioned in the previous briefing, a decline to the $10k-$12k should also considered in the future scenario.
[Bitcoin] Fail to support the bull trend channel..#Crack #Bitcoin #Binance #Daily
- This is the appearance of Bitcoin's bearish breakout at the bottom of the blue large bull channel.
- It seemed to rebound while keeping the $35,071 closing support level, but it showed a bearish trend again the day before and eventually fell.
- In the event of a rebound, it is important to settle upwards of $35,071, and keep in mind that even after an upward stabilization, the bearish trend continues until it breaks above the $37,578 upwards.
- If an additional decline occurs, a decline to $31k-$31.6k can be expected, and if the support in the above section fails, it is likely to decline even to $28.1k-$29.8k, which provided strong support.
- If the $28.1k-$29.8k support fails, there is a possibility that a bearish departure of the bear flag pattern has appeared from the appearance since November, and there is a possibility that a gloomy period of falling to the simple target price of the pattern of $10k-$12.1k may appear.