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Higher

How Far/Long Can BTC Push Higher? 🕝Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 As per my last educational post, we know that we might be in Pattern 4 => falling correction after a bearish impulse, leading to a bullish reversal. As mentioned, our confirmation would be a weekly candle close above the last major high in green (22500) Now since, we broke above it the last high, how far can BTC push higher? The first / next rejection is now around the previous major high around 25,000 in blue . If / Once the 25,000 high is broken higher, then a movement till the 30,000 resistance / supply would be expected. N.B. Always Remember, nothing moves in a straight line, so we might have a correction (as a higher low) along the way. 📉Which scenario do you think is more likely to happen? and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒 All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
27
OCEANUSDT needs a new Higher HighThe price is testing the daily resistance on 0.2$ after a clear dump from the previous monthly resistance on 0.32$ At the moment the price is creating a channel blow the daily resistance. How to approach it? The price needs to create a new higher high from outside the channel and flip the 4h resistance into new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
OLong
by InkyGrip
21
BTCUSDT needs the new Higher High!the price had a nice reaction yesterday due to the FOMC and now the market is testing the weekly resistance as new support 40660 it's an important level for Bitcoin. On the Daily timeframe, the price is trying to create a new Higher High above the 4h resistance (42k) On the lower timeframe (4h) the price is trying to have a new breakout from the pennant. How to approach? The price needs to create a new Higher High on 4h Timeframe above 42K with confirmation and Volume. Otherwise If the price is going to lose the 39k, The previous scenario (the short one) comes back and the next valid support is 34-32k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
4
Market Structure Tips Analyzing trends and price changes are two very important things traders focus on to gain profit. Trends allow traders to predict future prices and how they would change. Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a traders success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows.
Education
by ChartDepth
ADAUSD Begins the Bullish TrendImportant things to note: I bet that last retracement had you sweating LOL Fortunately everything looks fine. If you are looking at BTC the price will retrace above the new higher low we had as to not create a H&S. ADA is just retracing. I expect an upward push to price target. Price target is marked on chart in green. The major resistance is in yellow. The reversal will start slow and gain momentum with every resistance level passed. Important dates: I will update this soon when I post about the summit. So I bet you were looking at the retracement thinking we were doomed? Well, not so fast. This is all going according to plan so far. We got a bit of retracement and the price will push up to the price target I marked in green. The main resistance is still in yellow but I will update once the first one is passed. There are a lot of shorts out there, they will have to start covering creating more upward pressure. Pretty soon, the shorts will get hunted. This is why it is best not to listen to the news. The way it works is, you listen to the news, you make an emotional trade, the whales collect. That is the simplest way to explain it. LOL. I expect the price to continue upwards. You will see a lot of bullish posts in the near future from everyone. That's for sure. There isn't too much to update you all with other than to say its looking fine and the price will push upwards. It is just slow because of the reversal, similar to how the high prices slow down before a fall. This is the same thing, but in reverse. The market has a long way to go to turn around. The best thing to keep your eye on is the low at 1.91. If the price crosses that target, I will worry. There are a lot of tests that need to be completed while the bullish momentum picks up. So far, things are looking great! Thanks again for all the support! I will continue to watch ADA and update you accordingly! Stay relaxed, there is nothing to worry about at the moment. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
40
INVH consolidating again before the next move higher?Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break. Now that volume is slowing down, it seems like INVH is in consolidation mode again. Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support. Thoughts: * Volume is relatively calming down * Seems to be consolidating before the next move higher Trade idea: * Look for buying opportunities around the $39.40 to $39.50 area OR * Wait for a break and close above $40.20
NYSE:INVHLong
by HaseebKhan_90
SOLUSDT - Cup & Handle TALeaning and developing TA in the Crypto World. The Cup and Handle formation can be seen here as we have a drop in the price and a rise back up to the original value. This is then followed by a smaller drop before continuing upward passed the previous peak. Generally this is a good indication of an upward trend. We see higher lows forming and higher highs before the break of resistance. Resistance is broken and away it goes! Are there any other TA that could be used in this situation?
by dmcmaster448
1