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BTCUSDT: Update from the previous Trendline we made.Big shout out to the commenter on my previous post, thank you for helping me adjust my trendlines to form the correct (subjective) chart pattern. If we think of the market's enthusiasm as a balloon, the Average Sentiment Oscillator is our gauge. When it's too high, it means excitement might be peaking, which can sometimes lead to a downturn, as not everyone can win in this game. The Stochastic RSI, another tool, helps us spot when the market's energy is fading. If it shows a 'reset' below a certain level without a positive signal, it's like our gauge is warning us that the balloon is losing air. Analysis of Bearish Potential: - Trend Lines and Patterns: Rising wedge pattern indicating potential breakdown. - Average Sentiment Oscillator: High position suggesting overbought conditions. - Stochastic RSI Div: 'Reset' below 25 without green 'R' signal, indicating potential move lower. Now, imagine the market is a ship in open waters. Certain news events are like storms on the horizon. 3 Bearish News Potentials: 1. Regulatory Crackdown: Possible stricter regulations or bans on crypto transactions. 2. Security Breaches: Reports of major security breaches within cryptocurrency platforms. 3. Economic Policies: Unfavorable economic policies affecting crypto liquidity or attractiveness. Thesis for Bullish Continuation: - Support Levels: Strong buying interest above the 37k support level. - Elliot Wave Analysis: Potential for another leg up to complete the Elliot Wave pattern towards 42,000. - Sentiment and Momentum: Upward trend in Average Sentiment Oscillator and Stochastic RSI 'green R' signal. Pivot Areas for Trade Reversal: - Below Support: Decisive drop below 37k indicating a bearish trend pivot. - Top of the Wedge: Failure to break the wedge upper line as a bearish reversal point. - Stochastic RSI Div Crossing: Watch for cross above 25 with 'green R' for bullish reversal if in short. Confirmation for Going Long: - Breakout Confirmation: Strong close above the wedge on significant volume. - Stochastic RSI Div 'Green R': Signal coinciding with upward price action. - Sentiment Oscillator Trend Change: Reversal indicating reduced selling pressure. Confirmation for Going Short: - Wedge Breakdown: Price breakdown from wedge on high volume. - Stochastic RSI Div Continuation: Stays low without 'green R' while price falls. - Sentiment Oscillator Decline: Sharp downturn at overbought levels signaling short entry. Note: Use stop losses and consider risk-reward ratio fitting your trading strategy and risk management. NAFA, do not be part of the dumb money.
by osodatsismoso
E-mini S&P - Weekly Timeframe Analysis Price had a relatively convincing reversal back to the upside. In my opinion the highest yielding position would be a long from the weekly Bisi annotated on the chart. A short could be identified from the weekly Sibi, but I would be wary that the Sibi could be used as a point of support of there are Discount PD Arrays on lower timeframes within. A possible target would be the relative equal highs residing near the top of the highest weekly swing.
CME_MINI:ES1!
by Road_2_Funded
EU - Weekly Timeframe Analysis (ICT)I am still long-term bearish on EURUSD until proven otherwise. With the current global climate, unprecedented events can occur at anytime and change everything on a dime. My initial target for a reversal back to the downside is a 3-Week Sibi residing just above the current Monthly Sibi. It is salient that the 3-Week candle does not close in the upper quadrant of it's range. It would be reasonable for price to reach all the way to the Bearish Weekly Breaker before reversing, but a strong close above the Weekly iFVG above would make me reconsider my bias. Narrative-wise, I am anticipating price to return into a 2-Week BPR before continuing higher into my short POIS. I'll post an analysis on the Daily timeframe for more specific scenarios.
by Road_2_Funded
06/11/23 Weekly outlookLast weeks high: $36088.7 Last weeks low: $35064.8 Midpoint: $34040.8 Last week price consolidated after it's considerable rally the week before, we have a mini range between 34k as support and 36k as resistance. As price has stagnated profits have trickled down the crypto ladder towards strong altcoins such as SOLANA, and more recently lower cap plays which is usually a sign that the cycle is coming to an end and that money will return to BTC, however it is difficult to say at this current moment in time if price will continue to push upwards or will we get a correction. General market sentiment seems to point towards the bull market has returned and it's up only from here. I am not so sure that is the case but the fact that we have been consolidating at this level for quite some time now without a pullback does give further evidence for that. For now I think it would be very risky, the time to be HTF bearish was all of last year. To enter shorts at this stage without solid confirmation of weakness, instead taking profits going into HTF resistance levels would make the most sense. As for the side-lined traders this is were FOMO is your biggest enemy, yes the market looks strong right now and there hasn't been any pullbacks to jump on. I'm keeping a close eye over the week for BTC dominance against altcoins, and news on the ETF's.
by ProR35
EU - Weekly Timeframe Analysis (ICT)I am still long-term bearish on EURUSD until proven otherwise. With the current global climate, unprecedented events can occur at anytime and change everything on a dime. My initial target for a reversal back to the downside is a 3-Week Sibi residing just above the current Monthly Sibi. It is salient that the 3-Week candle does not close in the upper quadrant of it's range. It would be reasonable for price to reach all the way to the Bearish Weekly Breaker before reversing, but a strong close above the Weekly iFVG above would make me reconsider my bias. Narrative-wise, I am anticipating price to return into a 2-Week BPR before continuing higher into my short POIS. I'll post an analysis on the Daily timeframe for more specific scenarios.
by Road_2_Funded
USDCHF 29/10/23UC really clean trend from last week following our ranges as we thought it would, we now have another range to the upside as it stands we are looking for our swing high to be taken, if we break down we will track price as we should, this would also line up with our other bias setups for GU EU N1. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
Cryptocurrency Precision Analysis: Bitcoin Target Projections Latest analysis of Bitcoin's price trajectory, we're setting our sights on a potential moonshot to the $37,000 range, with wicks that could aim even higher, possibly reaching beyond $40,000. Like rockets fueled by Fibonacci-based technical levels, our outlook aligns with the prevailing bullish sentiment that's been rocketing through the crypto-verse. Yet, fellow traders, don't get caught up in the moonboy hype or the temptation of "getting rekt" in the throes of an unbridled bull market. In this financial cosmos, where bulls and bears dance like celestial bodies, we've identified what we cheekily call "targets for failure." But let's be clear, they're not so much about making you fail as they are about steering you clear of the treacherous asteroid fields. Just like you'd look both ways before crossing the street, in the wild, wild world of crypto trading, these "failure targets" should serve as your trusty rearview mirrors, reminding you to navigate the markets with precision and caution. So, keep your rockets grounded until you've crunched the numbers, because this spacewalk is more about careful risk management and strategic planning than shooting for the moon. With that said, let's keep our eyes on the stars and our portfolios on solid ground. Happy trading, fellow astronauts! 🚀🌕💰 ""look both ways, when crossing the street."" "Targets for failure. Not really failure though.... "Just making you fail" INDEX:BTCUSD
BITSTAMP:BTCUSD
by UnknownUnicorn3237473
EUR USD IdeaAt this moment, it's crucial to recognize that the highest buy and sell levels for extreme moves in the month of October are positioned beneath us. In light of this, a word of caution is in order. Employing stop-loss orders is not just recommended but paramount. There may be instances where your stops get hit a few times, but this is an integral part of risk management. It's worth noting that such experiences often precede significant market moves. In trading, it's more than acceptable for your stops to temporarily take you out of the game because the potential rewards, in the end, can be substantial. Stay prudent, and remember that successful trading is about managing risk as much as it is about capturing opportunities.
by themarketknight
23/10/23 Weekly outlookLast weeks high: $30629.8 Last weeks low: $28832.6 Midpoint: $27035.3 Bitcoin finished the week with a massive 11.1% increase and a weekly high of 13.28% greater than weekly open. The way in which BTC had that huge initial gain at the beginning of the week was due to Cointelegraph issuing a false report that the Blackrock ETF had been approved when in in fact it's still under consideration with the decision deadline in March '24. This false news created a large wick, and the majority of the time wicks get filled, in this case price slowly and consistently filled the wick over the remainder of the week. We are now looking at a possible SFP of this local high given at 30600 from that early week wick. Price has broken out above and is now back under. For this mini rally to sustain itself price can not be accepted under the red trendline in my opinion. Maintaining bullish price structure going into the heavy resistance area of 32k is key if this rally is to continue. I still think there is one last crash just to truly crush the impatient and for smart money to load up for the bullrun ahead which is almost in site now.
by ProR35
GBPUSD 22/10/23Starting our week off with GU, from last week we had a very bullish out to our week and overall we stay within out bearish higher time frame moves, as it stands we would like to see our high tapped into for the bullish swing range we are on to be fulfilled, keeping in mind we are mainly running major lows, coming into our first session of this week iam looking to our liquid high (21700) i may look for an early short from here to run the EQ lows just under market close. due to news from the weekend i wouldn't be surprised if we see gap open on our USD pairs. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
US30 - Daily Timeframe Analysis (ICT)(Refer to my Weekly analysis for US30 and DXY) On lower timeframes I have 3 areas I want to anticipate a long to go to the short POI. Ideally, we don't see a daily close out of that thin yellow box (Daily Bisi). There are 3 lines of defense for price to reach to and find support. 1st line of defense is a Breaker with CE of a wick and a gap, which looks very nice. This is my first choice. 2nd line of defense is the 4h bisi (dark blue is a bottom prediction if it gets there) 3rd and last line of defense is the 4h Orderblock MT. The more price declines, I believe the faster the move up would be back above the yellow zone. Relative equal highs reside above, so that gives me some confidence that we are likely moving higher. The short POI is a 4h Sibi inside the weekly Sibi has my eye. A high RR trade could be possible.
OANDA:US30USD
by Road_2_Funded