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The only question now is, "Where too?"We can now see a clear break to the downside. Price has broken down and and lost trend support. Yesterday we saw price break out of consolidation to the downside. Earlier we had a retest and a strong rejection off the consolidation block verifying the sell. Areas of interest are 38k and 32k I'm still sticking to my previous post with the 32k level being my level of interest. That level I feel needs to be tested as support before the next bull run. Please free to comment or drop your ideas
INDEX:BTCUSD
by pippin_aint_easy79
#BONE #Wychoff #Distribution #Eddy#BONE #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below : #BTC #Bitcoin #Final #Update #Wychoff #Distribution #Eddy ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻‍💻 1/16/2024 ❤️
by Eddy_Trade_
#Bitcoin bearish breakout of very important trendline We can clearly see in this chart that the price has reached the upper boundary of a bullish channel, where it would encounter selling pressure. As a result of this selling pressure, the price on Friday, January 12th, formed a bearish impulsive candle. Following this candle, it managed to break below the short-term bullish trendline that the price had respected in the last few months. The bearish breakout of this trendline is a second signal, after the rejection from the bullish channel, that we might see further bearish movement in Bitcoin. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
BITSTAMP:BTCUSDShort
by mohemati
#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets.")) (("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin. If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis. This is not an investment proposal and only my opinion, please act based on your experience and decisions.")) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I also suggest you to view my #Analysis of the Phases of Richard #Wyckoff #Accumulation & #Distribution on #Bitcoin #Currency from the link below : ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Analyses of Trading Ranges By : Dr. #Eddy SunShine 👨🏻‍💻 1/14/2024 ❤️
M
by Eddy_Trade_
4
EURUSD 4H Chart Inverse Head & Shoulders breakoutEURUSD 4H chart Inverse H&S producing a breakout Additional confluences: - Bullish market structure, the price is forming the pattern around the support range fro m the previous major high points - Head of the inverse H&S pouncing from the 0.618 Fib - MACD produced a Bullish cross a while back and now it's providing bullish continuation - Price bounced from the 200 SMA and now it's above the 20 and 50 EMA. Monitor the 20 and 50 for a Bullish cross
Long
by RTED_Investing
AUDUSD 4H Symetrical triangle + Bullish market structureOn the 4H chart for the AUDUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend. After the price created the last major high point, now it corrected down to the previous major high where it's hitting the support range created from it. For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend Additional factors to take in consideration: - The low points of the symmetrical triangle pattern have bounced up from the 0.618 Fib and the 200 SMA - MACD produced a Bullish cross. If the price breaks up from the chart pattern, monitor for a MACD continuation - If the price breaks out to the up side from this pattern, monitor for a close above the 50 SMA and the 0.382 Fib
Long
by RTED_Investing
GBPUSD 4H Symetrical triangle + Bullish market structureOn the 4H chart for the GBPUSD we are getting a symetrical triangle Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend Additional factors to take in consideration: - The low points of the symetrical triangle pattern have bounced up from a support range created from the previous major low in this Bullish market structure and from the 200 SMA - Few candles back the 20 and 50 SMAs produced a Bullish cross. If the price goes up and breaks above the chart pattern, we will likely get a proper alignment of the price and the 20, 50 and 200 SMAs to give further confirmation of a further movement to the up side
Long
by RTED_Investing
S&P Situation: A Deep Dive into the Head and Shoulder Pattern! Johnny Seville here with your daily dose of Smart Money Trading insights. Today, we're dissecting the S&P situation – specifically, the potential short-term head and shoulder pattern that's been developing. Intriguing, right? Let's get into it! The S&P has been giving off some fascinating signals lately. **We've fallen off the 2022 high and are now potentially developing a head and shoulder pattern**. It's not a guarantee, but it's a likely shape we're keeping a close eye on. So what would happen if this pattern played out? Let's draw it out. If we measure from the top of the head down to the neckline and then duplicate that below the breakdown line, we land exactly where the 50-day simple moving average is. This adds some probability to the pattern. **However, caution is key here.** We don't want to get drawn into any rally until this pattern is either over or disproven. So for now, we're keeping a close eye on the situation, ready to adjust our strategy based on the evolving data.
FX:SPX500
by AcornWealthCorp
BTC Market Update 7th January As BTC gears up for a significant shift, historical trends suggest a liquidity migration from altcoins to BTC. Yesterday's data and a thorough BTC scenario analysis lean towards a 'buy the news' stance, supported by bullish indicators in recent days: 📉 Open Interest (OI) Wipeout. 💥 Liquidation clusters favoring shorts, driving momentum. 💰 Tether printing resumes (significantly bullish). 📊 Bitfinex and Coinbase leading the tape, indicating bullish trends. Flow indicators amplify the positive outlook: 📈 BITO's exposure hits an ATH of 41,000 BTC, with futures-based ETFs seeing a 310% increase in Volatility Share since October. 📊 CME's annualized basis remains above 10%, potentially decreasing post-ETF approvals due to BITO holders shifting exposure and possible redemptions. Anticipating upcoming news, a surge in BTC may break through short clusters, pushing the price to 48k, possibly extending to 50k. However, profit-taking and the need for new narratives could trigger a retraction until the halving. Post-approval, analysts estimate a one-week timeline for the ETF launch. Trade Ideas for the Next Move: 📈 Spot ETH ETF Trade: Long ETH/BTC (following the BTC playbook). 🔄 If BTC dominance rises, consider rotating into altcoins during BTC consolidation. Stay tuned for updates as the crypto landscape unfolds! 🚀💹 #Bitcoin #CryptoAnalysis #ETF #TradingStrategies #CryptoMarkets
by TheArabianWhale
ETH - Break Or Make Zone ❗️Hello TradingView Family / Fellow Traders, From a long-term perspective, ETH is currently hovering around a robust resistance zone and the upper bound of the brown channel. Weekly Chart: 📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2500.0 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated. H4 Chart: 📉 Conversely, the bulls will remain in control unless the local support in red at 2100.0 is broken downward. In this case a bearish correction till the 1750.0 mark would be expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
4