BTCUSDT - Falling Wedge and LevelsBTCUSDT 15 minute UTC + 1
Today 23,400 morning has been heavy resistance. I was expecting the nPoc at 23,100 was quite surprised the breakout from the middle of maybe nowhere. Hmm, maybe a swing failure, to trap longs.
Amazing the levels how well respected they have been, nPoc, Weekly etc. It a beautiful thing. I missed the trade personally, and thinking a retrace to nPoc, well at least where I find a value area to trade. Too much volatility, to enter late and after a pump, riskay.
Not trying to predict the price movement. This is a good indication of support and resistance levels. Know your levels. Next major resistance is the daily open price. This will flip the current big resistance level at approx. 23,400 as a support. 23,300 my current support level (toit - aka tight).
Levels
Can ACH keep going?Watching ACH and have been for weeks. Here's my primary observation right now.
We've had several areas that acted as support on the way down that broke.
Ever since January 14, we've been breaking those support levels which were acting like resistance and we keep flipping them. Until some important support levels get taken out, I'm going to remain bullish.
Disclaimer - I purchased ACH below 0.01 - it was closer to 0.008 and I locked in profit as you should as soon as it hit 100%. Now the trade is 230% but that shouldn't be a reason for you to fomo. Watch for good retests of levels (outlined in the chart) for a potential entry.
Crypto will get a pullback eventually. Don't go heavy into positions like this one now. That time has come and gone.
Width measurement up to 3 levels of FTMWith the beginning of the same sufferings, we can expect the continuation of the process up to three levels ."
Watch big round numbers and their halvesSee how price reacts at 1000 pips increments (1, 1.10, 1.20, 1.30) and their quarters (1.25, 1.05, 1.075 and so on).
The reaction at those levels is nearly guaranteed. Once price hit 1.10 recently, we saw a pullback of 350 pips to the downside.
Those psychological levels will be highly useful to any trader. They work well on majors (USD baed pairs), less so on crosses.
For educational purposes only.
UPDATE: Week Commencing Feb 6 GBPJPY Outlook: Still long UPDATE: WC0206 GBPJPY Outlook: Still long until DTF LL is broken
MTF Analysis
Check annotations in the anchored notes for M-W-D-H4-H1 analysis.
I've updated GJ's outlook for this week from the last one published in January -- specifically the Weekly Anchored Note
Weekly Timeframe Outlook
Sun,1/22/23 -
Bearish downtrend
UPDATE:
Mon, 2/6/23
1. WC 30 Jan weekly candle ended up being a lower high. A 120 pip rejection wick from December's low.
2. There is a weekly and monthly imbalance that is coinciding with
- December's 50% level (almost)
- January's high
- Previous week's high
- This is supported by the 200 EMA (Daily TF) as it will be tapping it / be under it.
Weekly BIAS:
1. Price is bullish until it reaches/ taps #2's confluence areas.
2. Once it taps #2 conf areas, it will melt until it reaches January's low (which is also coinciding with the last Daily TF lower low) -- price will tap this daily and monthly conf area and then it will rocket and resume the bullish trend that it has been having.
ON THE FLIP SIDE.
1. The last low of the Daily TF. 155.39 X January low -- if price pierces that level and continues all the way down then it may just melt until the next monthly key level which is around 150.75
2. It may just continue the uptrend all the way at least to the M&W trendline
FUNDAMENTAL HIGH IMPACT NEWS FOR GJ FEB AND MARCH
Date Country & Event
2023, February 07, 08:01 (United Kingdom) BRC Retail Sales Monitor YoY
2023, February 10, 15:00 (United Kingdom) Goods Trade Balance Non-EU
2023, February 10, 15:00 (United Kingdom) Goods Trade Balance
2023, February 10, 15:00 (United Kingdom) GDP MoM
2023, February 14, 15:00 (United Kingdom) Employment Change
2023, February 14, 15:00 (United Kingdom) Claimant Count Change
2023, February 14, 15:00 (United Kingdom) Unemployment Rate
2023, February 15, 15:00 (United Kingdom) Inflation Rate YoY
2023, February 16, 07:50 (Japan) Balance of Trade
2023, February 17, 15:00 (United Kingdom) Retail Sales YoY
2023, February 17, 15:00 (United Kingdom) Retail Sales MoM
2023, February 17, 15:00 (United Kingdom) Retail Sales ex Fuel MoM
2023, February 17, 15:00 (United Kingdom) Retail Sales ex Fuel YoY
2023, February 21, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI
2023, February 21, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI
2023, February 24, 08:01 (United Kingdom) Gfk Consumer Confidence
2023, March 01, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI
2023, March 02, 13:00 (Japan) Consumer Confidence
2023, March 03, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI
2023, March 07, 08:01 (United Kingdom) BRC Retail Sales Monitor YoY
2023, March 10, 11:00 (Japan) BoJ Interest Rate Decision
2023, March 10, 15:00 (United Kingdom) Goods Trade Balance Non-EU
2023, March 10, 15:00 (United Kingdom) GDP MoM
2023, March 10, 15:00 (United Kingdom) Goods Trade Balance
2023, March 14, 15:00 (United Kingdom) Unemployment Rate
2023, March 14, 15:00 (United Kingdom) Claimant Count Change
2023, March 14, 15:00 (United Kingdom) Employment Change
2023, March 16, 07:50 (Japan) Balance of Trade
2023, March 22, 15:00 (United Kingdom) Inflation Rate YoY
2023, March 23, 20:00 (United Kingdom) BoE Interest Rate Decision
2023, March 24, 07:30 (Japan) Inflation Rate YoY
2023, March 24, 08:01 (United Kingdom) Gfk Consumer Confidence
2023, March 24, 15:00 (United Kingdom) Retail Sales MoM
2023, March 24, 15:00 (United Kingdom) Retail Sales YoY
2023, March 24, 15:00 (United Kingdom) Retail Sales ex Fuel MoM
2023, March 24, 15:00 (United Kingdom) Retail Sales ex Fuel YoY
2023, March 24, 17:30 (United Kingdom) S&P Global/CIPS Manufacturing PMI
2023, March 24, 17:30 (United Kingdom) S&P Global/CIPS UK Services PMI
The asset is traded in an upward movement on elevated volumesThe asset is traded in an upward movement on elevated volumes, which indicates the participation of large capital, there is a squeeze to the resistance level at 6.40, which was not broken from the first time. The price tested three times the oblique trend, which indicates the strength of the buyer, I expect a trade before the level with a further impulse breakthrough. Login via the above trading system!
Coin in the game, increased volumes, activity in the order bookCoin in the game, increased volumes, activity in the order book. Formed horizontal level 2 touches, extremes on volumes. Potentially I expect a rise to the level in confirmation of the breakout scenario, I recommend going after the breakdown with activity in the order book.
BITCOIN Key Levels! Analysis!
Hello,Traders!
BITCOIN is going up from the
Lows and has broken a key
Horizontal level which is now
A support at around 18500$
And keeps going up to retest
The resistance level 1
At 25000$ and If this level
Gets broken then the next
Resistance level will be
At around 29500$
Please, keep in mind that
These levels are wide and
Are more like areas rather
Than lines so adjust your
Analysis accordingly
Like, comment and subscribe to boost your trading!
See other ideas below too!
WTI Oil Macro LevelsGood Evening Everyone,
Please watch the entire video to understand my break down and thesis.
As always trade safe set stops set takes and make sure you are always using appropriate risk for your RR.
Happy Trading + Safe Trading = Profits
I'll get back to posting more frequently if we can give this video some love!!!! Cheers
Ascending Triangle BTC - Awaiting confirmation of breakFirst post!!!
Hi LVL here,
Charts pretty self explanatory, I’m watching the breakout / RSI / Volume confirmation prior to committing to a swing trade. Let me know what you guys think?
I just closed my long from the mid $16k region when we got to the $18K resistance - probably a bad idea but lets see what happens!