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H-pattern

A classic setup for finding trading opportunitiesHi traders and investors! In a recent post, I talked about a classic setup. You can find the post below in the related ideas section. I decided to elaborate on it a bit more because this setup frequently appears across different assets, and certain elements of this setup are common in various trading methodologies. In this article, I used a bar chart because bars take up less space, making it easier to see other elements of the chart. Take a look at the chart. The seller's move from the 52,550 level updated the previous local high. The bar with the highest volume in this entire buyer's movement is the bar from September 18. The 50% level of the entire buyer's movement lies within this bar (!). Next, we see the seller's movement, and on October 3, a test is formed within the key buyer's bar, at the level of 59,828.11. The price didn't reach the 50% level (59,524). The key seller's bar in this movement (the bar with the highest volume) is the bar from October 1. The 50% level of the entire seller's movement is within this bar (!). Next, we see the buyer's movement, and on October 5, a test is formed within the key seller's bar, at the level of 62,484.85. The price didn't reach the 50% level (63,163.06). Then we see the buyer's attack on the test level of 62,484.85 and the 50% level of the seller's movement (63,163.06), followed by the seller returning the price below the test level, accumulating volume for a downward move. After that, the local minimum of 59,828.11 was updated. Then, the seller attacks the test level of 59,828.11 and the 50% level of the buyer's movement (59,524), and the buyer returns the price above the test level, gathering volume for an upward move. What happens next... we will soon see. This is how the buyer's attack on the 50% level of the seller's movement looked on the 4-hour time frame. No differences whatsoever. Although, maybe I didn’t look hard enough. The key bar of the seller's movement intersects the 50% movement. First, there’s a test below the 50% level (test level 62,975), then an attack on the test level and the 50% level. Hope you found it interesting. Good luck with your trading and investments!
Education
by AlexeyWolf
2
Euro can rise a little and then continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to range, where at once fell to the current resistance level and then rebounded up. EUR rose to the top part of the range and then turned around and dropped to the resistance area, thereby exiting from the range. After this, the price started to grow inside the upward channel, making a fake breakout of the 1.1030 level. Inside the channel, the price rose to the 1.1175 level, after which rebounded and fell to the support line of the channel, and then it backed up. EUR even rose higher than the seller zone, reached the resistance line of the channel, and then made a correction movement, breaking the 1.1175 level again. After this, the price in a short time rose to the seller zone and then made an impulse down, thereby breaking the 1.1175 level, and exited from the upward channel. Also soon, Euro broke the 1.1030 level and now it is trying to grow. For this case, I think that the price can grow to the resistance area and then continue to decline more. That's why I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out. It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week. For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top. Potentially exciting times ahead!
CRYPTOCAP:TOTAL3Long
by FieryTrading
CHR - Breakout will push the price higher#CHR/USDT #Analysis Description --------------------------------------------------------------- + Price is trading inside the channel and waiting to breakout from the channel + This breakout could change the downtrend started in early 2024 + A rejection at the resistance could push the price further down. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.21 Stop Loss: 0.1592 ------------------------------ Target 1: 0.2759 Target 2: 0.3481 Target 3: 0.4485 Target 4: 0.7180 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
NEAR - Flag pattern - Next Target is 27$#NEAR #Analysis --------------------------------------------------------------- Description --------------------------------------------------------------- + Near has formed a nice flag pattern and price is waiting for breakout from the flag + Next target for near is 27 as per flag pattern, this could happen in the peak of bull run + next push could break the resistance and you can enter a position at the current price. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 5.2 Stop Loss: 3.499 ------------------------------ Target 1: 6.290 Target 2: 8.069 Target 3: 13.503 Target 4: 17.690 Target 5: 28.022 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
2
Rule of 160: History Predicts Start Of Bull-Run This Week!In this analysis I want to take a closer look at previous bull-cycles and Bitcoin's behaviour in the months following the halving. The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving. We can very clearly see a few interesting similarities between the last three cycles: - The price pumps prior to the halving. - The price trades sideways for 160 days after the halving. - The "real" bull-run starts after the sideways price action has ended. If we follow the Rule of 160, the start of the next big bull-run would be somewhere around 27 september, which is this week! I'm aware that market conditions are different now than they were back then. Still, BTC is a very cyclical asset and has historically followed calendar based trends. There's data to suggest that we have to come down (check my previous posts), but there's also data like this that suggests that the price will increase. Time will tell. Interested to hear your opinions!
INDEX:BTCUSDLong
by FieryTrading
10
FED Cutting Interest Rates Is NOT BullishAs of this week the FED has announced that they will be slashing the FED funds rates by 50bps (0.50%). Contrary to popular belief, this is not necessarily bullish. Actually, the last three times that they did it was an indicator that a bear market was coming. As seen on the lower chart, once the FED cuts the rates, it has often signaled a stock market crash in the not so distant future. Do you think a stock market crash is coming? Share your thoughts🙏
SP:SPXShort
by FieryTrading
11