BTC ANALYSIS 29/06/23BYBIT:BTCUSDT.P
Goodmorning wonderful people, just an update on BTC and its next point of destination and today it really looks bearish we have consolidated around the 30k mark, and we have dropped slightly lower today ALTHOUGH on the bullish outlook we are hold a 30k double bottom on the 4hr right now and bouncing of the 50EMA. I still believe this will be bullish, but I also believe there is enough room for a few bullish scalps coming in. If you have never been introduced to scalping, please make sure you do your research first as this can be a very risky task.
Thanks guys, trade safe.
Longing
TSLA in APEX of Symmetrical TriangleHere we are looking at TSLA on the Daily TF…
As you can see, TSLA has been trading within a symmetrical triangle since November of 2022.
After being rejected from resistance in late February, TSLA made its way back to support, and so far has bounced towards resistance again. As you can see, price action has began tightening as it makes its way into the apex of the structure.
While my stance is currently neutral on which direction TSLA will break, it is clear that there will be a break of this structure in the coming days. If TSLA breaks down, we can expect it to make a move to its lows made in January of 2023. However, if it breaks upwards, I will look for it to run into resistance at the macro down sloping resistance line…
I will continue to monitor its development, and update you all as I see fit!
What do you think TSLA will do next? Let me know in the comments!
Cheers!!
LONG IDEA to 50k Hello again!
After our very successful short positions from 48k to 38k, i can see lot of long possibilities in the markets. Id like to be bullish on 37.9k on Bitcoin. Maybe scale long all the way of the bearish manipulation wick what occurs before we are moving bullish.
We need to look where are market movers setting their Buy positions.
As told before us30 was at resistance levels. Now we are in more of a support level which could turn crypto market bullish also. If you are more familiar with altcoin's market, there are a lot of opportunities for longing.
Maybe we will get some positive news from Putin that he will not pursue Ukraine war anymore so that would be hugely bullish news which could turn everything bullish and optimistic.
Also Fear and Greed indicator turned today 23/100 in Extreme fear, probably tomorrow we will see 16-20/100 depending on the daily close. These kind of levels were last seen at 22.01.22 before massive 250% bullish move.
I think this run will be more of a bulltrap to 50k to turn everyone bullish then maybe drop to 31k in the summer. We'll see more in coming weeks.
Lets get the bag !
GBPAUD SHORTING OR LONGING..?!we are looking at resistance trendline in the outer structure with the anticipation to sell , but at the current moment in time /structure we are raging between a support and resistance . we are anticipating for a break of structure to form a lower low or a higher high , so that we find a trend that we can trade with .
NZDJPY LONGING SENTIMENT ..there is a clear break in the resistance brick wall in the downtrend on this pair , what we are looking forward to is the reach of the the retest zone then hop on the lowest entry timeframe for a chance of longing this , there are two levels indicated by the red layers which are our previous lower lows of the down trend , at each we will be looking for a longing chances as the market is still bullish . when the price breaks the lowest low , this analysis could be disregarded .
Gold is approaching a potential buy zone We can see that Gold has a hard time breaking the resistance line on the Daily .
There isnt enough volume of sellers so there is a very low probability that we will break out of the resistance in a downtrend .
There is a high probability Gold will go into an Uptrend after testing the resistance again .
Why a new jump on longs is likelyI've tried to put as much useful information as possible on the chart.
Not only showing the trade, but also the story leading up to the trade.
The shorting zone is our key factor here. This is were price reacts to and from. After breaking this zone, it acts as a very strong support. This in combination with the new longing trendline and the fact that price has yet to reach more important S&R - makes me believe there is a more long coming. On the plus side, we have very good odds and an easy to use S/L zone backing us up.
Good signs, good odds - never 100% certain but at this point in time I'm happily taking this trade.
*EDIT: Previous LTF tops, I meant HTF tops :)