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Marketstructure

Trade Plan 12/22/2022 P-Shape Formation = Short Covering + Strong Buyers *Possible end to a downtrend if we can confirm the market structure change. TP1> If we manage to Trade/Bid above MAIN POC 3905, I want to see a break above previous POC 3914 (BEARS LIS) to support the upside trade. After than we can go for 3934 > 3960 > 3980 3995. TP2> If we manage to Trade below MAIN POC 3905, the downside is 3886 > 3874, where maybe we can have a BULL Fight, if lost we can ride back to 3858 > 3850 Naked POC. *All trades must be taken after IB (Initial Balance) 9:45am-10:00am #tradesafe #sizekills
CME_MINI:ES1!
by IronMan_Trader
BTC Long term Vision! Bulltrap alert!!What Makes Bull Traps Happen? Wishful Thinking Bull traps can emerge after a market downturn appears to have been exhausted. In the wake of steep declines, there’s often clamoring among investors to grab an early seat for the ride back up, get in at what appears to be a bargain price, and/or pick a bottom. These initial buying spurts may push prices above certain chart levels, and these “breakouts” can trigger more buying. But such breakouts may actually be false signals, and the price soon resumes a downward path. So, what is a bull trap? A bull trap fools some traders into thinking a market or an individual stock price is done falling and that it’s a good time to buy. But then it turns out it’s not a good time, because the price soon resumes its descent, catching buyers in a money-losing trap. In many ways, it’s the opposite of a “bear trap,” which can fool traders into selling out too soon in the midst of a bull market. Here, we can go and print 25k..even 30kish..still I'd say it is going to be a bull trap! I also see the overall market conditions and it doesn't seem good. Do you agree or disagree?! Comment down below!!
BITSTAMP:BTCUSDShort
by The3eyedFrog
2
LTC - Good Key To Feel The Market!🔑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on Litecoin to feel the overall crypto market. LTC has been trading inside the blue flat rising broadening wedge pattern , and we lately rejected the 85.0 supply zone. After breaking below the last major low from H4 (in gray) the bears took over. So we are currently bearish medium-term. As we trade lower, we will be approaching the lower bound of the rising broadening wedge. Moreover, 50.0 is a strong weekly support zone . So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue trendline. (acting as non-horizontal support) As per my trading style: As LTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Then we will be expect a shift in momentum from bearish to bullish. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
BTC Update - DXY, US500, & USDT.D Analysis Inside! 🔎Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last analysis, I mentioned that BTC would be overall bullish from a short-term perspective as long as we are trading inside the red rising channel. Now since the lower trendline and minor support in gray are broken, let's make a quick update. For the bears to remain in control, and take over from a medium-term perspective, we need a break below the orange zone. If broken, a movement till the 16k support would be expected. Moreover, the overall situation isn't helping. Let me clarify: 📌US500 - we all know that the crypto market is positively correlated with the stock market. 📉Previously, I have posted this US500 analysis and the sell setup would get activated if we break below the last low in orange. 📈Update => US500 broke below the orange zone this morning. Now a bearish movement till the first minor support around 3750 would be expected. 📌DXY - well, no need for an explanation here. almost everything is valued in terms of USD. XAUUSD / USOIL / EURUSD / BTCUSD ... 📉Previously, as mentioned, USD index is approaching a strong demand zone 📈Update => We are still around the blue demand zone. For the bulls to take over, we need a break above the orange trendline and zone. If this happen, I will be expecting a bullish movement till the first minor support around 108.0 which would be make the situation worse for the crypto and stock market. 📌USDT.D - are traders investing in coins/tokens? or shifting it to USDT? 📉Previously, as mentioned, USDT.D is sitting around a strong support zone in blue. For the bears to remain in control, we need a break below the zone. Meanwhile, the bulls can still kick in! 📈Update => USDT.D rejected the blue support, and now breaking above the last high in orange. If this H4 candle closes above the zone, then expect further bullish movement till around 8.7% What do you think might happen next? Eager to hear your thoughts and opinions! Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
21
USDJPY - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on MONTHLY: Left Chart USDJPY is sitting around a demand zone in blue so we will be looking for buy setups on lower timeframes. on H4: Right Chart For the bulls to take over, we need a momentum candle close above the orange neckline. Meanwhile, until the buy is activated, USDJPY can still trade lower. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6
Trade Plan 12/15/2022 TP1> if we manage to Trade/Bid above MAIN POC 4078, we can test > 4108 > 4141 > 4186 > 4207 > 4221 TP2> if we Open/Trade below MAIN POC 4078 > we can test > 4054 > 4035 > 3995 > 3980 > 3960 > 3934 > 3914 (LIS - Bulls Trapped) Volume Profile 12/14/2022 - Unfair High 4091 (Below Y High) FOMC DUMP, and no BUYERS. Volume accumulation setup > It is forming since yesterday when SELLERS were super aggressive, strong SELLERS entering their positions in Rotation Area, with a clear change on the Volume Profile TREND. Strong Sellers who were accumulating their positions are likely to defend their positions and their interests. So, when the price returns to the volume accumulation area > MAIN POC 4078 (12/14) and MAIN POC 4054 (12/13), Strong Sellers start to defend their positions aggressively. This means that strong buyers start aggressive buying activity to drive the price upwards again. Strong sellers defend their short positions by aggressive sell-off which moves the price lower again. Here is a picture to demonstrate this (Short trade scenario): *This is a 50/50 Game, trade plan & risk management and trade management is mandatory
CME_MINI:ES1!Short
by IronMan_Trader
#USDCAD will it continue going lower??As far as market structure concerns we have 1H timeframe bearish impulsive move which broke the low and as a result formed a Lower low. since then price is in bullish corrective move which by the way shows price non-intention of going higher (otherwise it would be as an impulsive move) Now price is at 4H timeframe Clean Break area which provides important resistance and also we had one very strong reaction off of this area which showed us how powerful is this area. now we are going to test that area once more and hopefully we can see the liquidation from above the previous wick so then we can open our short position. Just remember price closing above the arrow means that the idea has failed and we need to wait for more confirmation.
Short
by mohemati
1
#GBPJPY here we go again...The chart can talk for it self I'm pretty sure about it. But lets dive into more detail and see what confluences we can find to back up our trading idea... 1- Price is getting very close to structure point means it used to act as support before but now shifted to a resistance 2- Also the area can be considered as a static and classical resistance area, since it's been able to hold price lower every time price got close to the area. 3- Price is at bullish channel middle line which could add to a resistive cluster. 4- From fundamental aspect JPY can gain more power as central banks around the world going to reduce the pace of rising interest rate. 5- other than GBPJPY other JPY pairs are also in resistance area which give us intermarket confluence. But be aware its very likely that price goes above the last high which showed on the chart by an arrow and then turn to the downside and this is only for liquidity taking activity and to capitulate long traders. However if price can manage to close above the arrow then we can say the chance that resistance area wont hold the price will increase.
Short
by mohemati
2
BTC - Trend-Following Setup! 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), BTC rejected the the 18k resistance and upper red trendline of the channel. Now What? We are still overall bullish trading inside the rising channel, and we currently entered a correction movement. As BTC approaches the lower bound / lower red trendline, we will be looking for buy setups. And this lower trendline also intersects with the previous highs marked in gray which makes the zone stronger. As per my trading style: As Bitcoin approaches the lower purple circle zone, I will be looking for bullish reversal setups on lower timeframes (like a double bottom pattern, trendline break , and so on...) We would be overall bullish, UNLESS we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable 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
26
Are we in a financial crisis?We are all asking ourselves the same question, are we in the next big financial crash or is the worst already over? To answer this question, let's look at the S&P 500 since the beginning. The S&P has only seen one really big/long correction in its history and that was triggered by the Great Recession in the 1930s and the following Second World War. Since then, the S&P 500 has only seen one strong uptrend. If we take a closer look at this uptrend since WWII, we can see very clearly the subordinate waves 12345. 1. impulse wave: recovery after WWII and start of globalisation. 2. correction wave: 1970 recession and oil crisis 3. impulse wave: digitalisation and increased globalisation (EU, China, etc.) 4. Correction wave: dot.com bubble and 2008 financial crisis 5. impulse wave: digitalisation and automation of value chains The two correction waves were each triggered by major negative economic events. The individual phases are shown in time in the chart below. A certain temporal correlation can be seen. The upward trends lasted approx. 8700 to 9100 days and the downward trends approx. 3300 days. Current situation Currently we are in a strong uptrend that has lasted since 2008 and purely in terms of time has lasted only half the time than the two previous uptrends. But the economic situation is worse than in 2008 and worse than in the 1970s. Economic situation - Extremely high energy costs and production costs weigh on businesses and households - Interest rate hikes put additional strain on the economy - The higher interest rates are to remain for the time being in the medium term - Higher costs mean lower profits - Lower profits and higher capital costs mean less investments - Unstable housing market in the USA, Europe and China - Industry and trade under massive pressure - Stock market still largely overvalued - China - Taiwan conflict - Ukraine - Russia conflict - Unstable society - Etc. All these individual events are having a negative impact on the global economy and together form a perfect foundation for a deeper recession. Many negative effects will only become apparent in the coming months, especially in the companies' key figures. In previous crises, even minor problems have led to crashes. Therefore, we are preparing for a falling/stagnating economy in the coming months, even years, which will also have a corresponding impact on the financial markets. In the current economic situation, to assume that the correction is now over and that we are now testing one high after another again can be very dangerous. We do not assume that the next few months will only be downward. Every overriding downward trend also has its (major) counter-corrections to the upside. Therefore, we may also experience months of euphoria and months of stagnation. Moreover, we do not expect such a strong and prolonged correction as in the 1930s, as sentiment was much worse then than now. The correction course shown in the chart is only symbolic of a correction. Pessimism - Realism We do not represent pessimism here, we represent realism. We want to encourage you to think about this realistically. In the current crisis landscape we are in, can you imagine that the correction is now over and we will test one high after the other and see an all-time high again in a few months? Especially considering the previous crises, what triggered them and how long they lasted. We no longer ask ourselves whether the crisis will come, but only how long it will last and how it will proceed in order to use the movements profitably. Price target of the correction? The previous corrections (1970s) & (2000 + 2008) were each able to form a bottom between the 0.5 and 0.618 FIB level and start the next uptrend from there. Projecting this onto the current correction, the price target of the correction would be around $2,500, which can also be confirmed very well on the chart with resistances, trendlines and many other indicators. However, this is still very difficult to judge in the current situation, as it depends on an enormous number of factors, which are not yet meaningful enough, after all, we are only at the beginning of the correction. We hope that this article was helpful for you and that you may now look at the current situation from a different perspective.
SP:SPX
by Consyder
4