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Multiple Time Frame Analysis

BTCUSDT 1h updateAt 8:00 AM (UTC+7) on December 4, a balance formed in the sell zone at 96,374 USDT, following an entry with a bearish tendency at 12:00 AM on December 3. After this upthrust—a temporary price increase above resistance that quickly reverses—there was no significant activity from either buyers or sellers. On the 5-minute chart (M5), no definitive levels have been established yet. If such a level forms and sellers become more active, an M5 upthrust could present a favorable entry point.
Short
by MrXade
BANKNIFTY Trade Setup for Wednesday (04-Wed-2024)Key Notes: Bank nifty swept previous day Buy Side Liquidity (BSL) indicating probable downfall, Price is under higher time frame (H4) Institutional reference levels Institutional references identified Bearish Order Block Bearish Mitigation Block Buy Side Liquidity (BSL) Bank Nifty Futures OI data indicating strong bullish bias Most Likely Bank nifty is going to give a strong breakout from institutional reference levels Morning Session price may open with strong gap up. If gap up is strong enough to break all the key levels, Entire day bullish view If gap up is held strongly by bearish order block, then price is going to take a sharp downfall. Those who carried shorts for delivery yesterday going to experience some pain today.
NSE:BANKNIFTYLong
by chartology369
FANTOM BULLISH-POTENTIAL 6.39RRFantom (FTM): A Bullish Opportunity with Controlled Risk BINANCE:FTMUSDT The current price action of Fantom presents an attractive setup for taking calculated risks. Here are the key bullish arguments supporting this perspective: Previous Monthly Low (PML - November): Disrespected, signaling strength. Previous Monthly High (PMH): Disrespected, further affirming bullish momentum. Monthly Bullish Fair Value Gap (FVG): Holding so far; confirmation expected by early Sunday morning. Previous Weekly High (PWH): Disrespected. Previous Weekly Low (PWL): Disrespected. Daily Bullish FVG: Being respected, showing demand at this level. 4H Swing High: Disrespected. 4H Swing Low: Disrespected. Bearish Arguments: Previous Daily High (PDH): Respected, a minor resistance to watch. Previous Daily Low (PDL): Respected. Trade Management: Stop Loss (SL): $0.84–$0.82 Take Profit (TP): $1.90–$1.88 Entry Zone: $0.9951–$0.9683 Risk-to-Reward Ratio (RR): 6.39 I am using Quantfury to manage this trade, a platform I find effective for precise execution. Final Thoughts: The market appears poised for further upside, but stay disciplined and avoid being influenced by noise. The next five months are crucial for crypto, requiring full focus and adherence to your own strategies. Remember, every lesson comes from experience, not just from external opinions. Stay patient, trade smart, and blessings to all!
Long
by Jaytradermb
Trade Recap: EURUSD - SHORT (SCALE-IN), 03/12/2024EU Bias Analysis: The 4H Is in the process of establishing a bearish pro-trend as price broke lower. Partial profit had been secured and stops were at breakeven which allowed me to then seek scale-in opportunities on this pair. Short entries were in line with the bearish 1H range and price had pulled back into EPD. After a TBL sweep heading into London Open short entry confirmation was received and the scale in was executed. Grade: Low Risk
Short
by The_Modern_Day_Trader
Is Tellor (TRB) about to 25x until $1500 ??On the above 3 day chart price action has corrected 90% from $600 since December 2023. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal in both price action and RSI. 3) Dragonfly DOJI print on past resistance confirming support. 4) The Bull flag. The bull flag confirmation forecasts a 2nd impulsive move to the $1500 area by Spring of 2025. Is it possible price action corrects further? Sure, retail traders like nothing more than capitulation after a 90% correction. Is it probable? No. Ww Type: trade Risk: you decide Timeframe for long: Within this month. Return: 2500%
Long
by without_worries
12
XRP heading for 70% correction to 60 cents?17 days ago the “Incoming 40% collapse for XRP” idea was published at 1.15. Price action has rallied another 130% since then. Emotions are aplenty throughout the comment area with demands for a refund, and bulls now calling for an additional 10x by this time next year. Whether this idea is right or wrong is not the point, it is about facts. The facts: 1) Price action is now at legacy resistance from 2017 (see chart below). In other words, if you’ve held this token since that time this is now your first chance to secure a 0% gain. 2) Price action is outside the Bollinger Band just as below. Why is this time difference? 2a) RSI support breakout. 2b) This is also true for the XRP.btc pair, which was not true before. 3) Lastly the Bollinger Band is now curling up and inwards (like in the Dogecoin idea), momentum and volume is now leaving this market. 4) Price action is up 10x from the lows. A correction for 70% instead of 40% is forecast. Price action must backtest the resistance breakout as support to confirm uptrend. Is it possible price action continues up? Sure. Is it probable? No. Ww Legacy resistance on Monthly
Short
by without_worries
45
Incoming 40% collapse for XRP** short term analysis, the days ahead ** Price action on XRP has returned an impressive 150% gain in the past 10 days. A number of reasons now exist for a reversal and correction. On the above daily chart: 1) RSI and MFI support breakouts. Don’t ignore a MFI breakout, this is informing you money is exiting the asset. 2) Confirmed Gravestone DOJI candle. 3) Price action is currently outside the Bollinger Band. We know 95% of price action trades around the mean, currently 73 cents. 3a) Notice the inward curve on the band? This little observation informs us buyers are exhausted. 4) Everyone on tradingview is long / bullish. Remember the majority will lose money. www.tradingview.com Is it possible price action continues upwards and onwards? Sure. Is it probable? No. Ww
Short
by without_worries
152