Believe it or not, Bitcoin is still in the gameDespite Bitcoin showing a bear market in recent days, it remains within a range and fluctuating within a demand zone. Our point of interest is still very high, but still valid for the price to take a break before the jump. if you can look the general structure, we can see that where I marked the green circle, there is a lot of buying pressure. This is also an area of interest that I had marked as a potential rebound point. We will see what happens in the coming days.
Thank you for your support.
-Mike
Range-trading
NZDUSD - Trading The Range 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDUSD has been trading inside a big range between 0.587 and 0.605 and it is currently sitting around the lower bound so we will be looking for buy setups.
NZDUSD is in the making of a potential double bottom pattern, but it is not ready to go yet.
🏹 For the bulls to take over, we need a break above the gray neckline at 0.5932
Meanwhile, until the buy is activated, NZDUSD 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
USD-CHF Risky Long! Buy!
Hello,Target!
USD-CHF is trading in a
Range between the
Horizontal resistance of 0.9
And the support of 0.8911
And we are seeing a
Rebound so I think
We will see the pair
Hit the resistance above
Buy!
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USD-CAD Short In A Range! Sell!
Hello,Traders!
USD-CAD is trading in a range
And the pair is going up again
To retest the horizontal resistance
Of the range, so despite the setup getting riskier and riskier
Every time the range boundaries get retested
I think there is a good chance to see a pullback
And a move down towards the support below
Sell!
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BITCOIN Will Fall From Resistance! Sell!
Hello,Traders!
BITCOIN broke the falling resistance
And is headed in the direction of the horizontal key level
The pair isn't there yet, thus I think there is still some way to go
But when BTC hits the resistance properly I am expecting a bearish correction
To retest the falling support below!
NOTE: I am expecting BTC to range all summer
Thus the two horizontal levels at 42k and 29k
Are the range boundaries from which the pair will keep bouncing off
Buy!
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🏛GBP_CAD TECHNICALS: TWO RANGES🚀
☑️GBP_CAD is trading in two massive range
The smaller one that has been there for 1.5 years
And is about 6.3% wide
And the other greater 4.5 year range
That is 12.5% wide
One might also notice a rising support
From which the pair has bounced off recently
I am bullish biased locally till the pair retests the upper resistance
And then starts falling in the range again
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USDJPY showing some resistance at an important price level.This is an example of a scenario where a range-trader might see some points of interest, some of them are listed below:
1- This drawn resistance around 112.000 is an important one, which has not been trespassed for the past 14 months (+-);
2- As we can observe, also, with the support of the indicators (Stoch + CCI), this might be an overbought zone;
3- If we zoom in, we will note, also, the volume of some of the previous buying candlesticks, which have been loosing strength.
What a range-trader should take into consideration when deciding to sell this asset:
1- Whether there is a strong doward (sell) candle been formed (in other words, whether the candle has little wick/shade and a comparatively big body/real body);
2- whether the volume of sellers is bigger than the volume of buyers, and whether the volume grows beyong the moving average, as shown on the graph;
3- finally, the indicators mentioned (CCI + Stoch) have to indicate a downward trend as well (in the inner region of both indicators).
The SL should be placed right above last hight price level.
Trade Responsably and follow me for more!
Advanced Volatility Pivots, Expect Range Trading! We've entered a period of short term compression. Bitcoin will stay inside of the relevant pivots until the 110 period mass reading compresses below the 0.7 value. To define the current overexpansion for bitcoin, load up the 110 period BB with a 1.25 standard deviation.
EURJPY / H2 : A range trade before more bearishnessREMINDER : this is a range trade, must therefore be low leveraged and with a clean stoploss. If the market validates the breakout pattern then we're no longer in a range and a stop will have to be triggered. I'll secure 50% of that trade on TP1 to pay for my stoploss and keep the rest for a possible trend trade to the bear side.
Hope this idea will inspire some of you !
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That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
LONG BTC Range, Opportunity to buy soon.Context: The Bitcoin 0.67% price is evolving in an uptrend range. In a range, the price goes up and down between two resistances. In this chart, the range is defined by the green zone.
Opportunity: We will have an opportunity to buy because the price is hitting the support of the range. This may cause a bounce toward the resistance of this same range.
Confirmation: This signal will be confirmed when the StochRSI lines will cross back to the bottom dotted line and when the MACD line and the Signal Line will cross upward.
Invalidation: This signal will be invalidated if the falls under the range resistance.
Today's Lesson (#3) : Adjusting your trading to the ContextHope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
BTCs 1Day Candle testing 200EMA as resistance…Tline now support?Todays BTC Candle has been wicking above the T-line(yellow line) quite a few times today which has acted as strong resistance the past couple days. It has now gone up above the t-line and touched The 200EMA(orange line) and bounced down off it a couple times today and currently, todays candle is as of this writing, still above the T-line. It's possible then that we may be back on top of the t-line with it now acting as support and the new resistance is the 200EMA(orange line) instead of the 200SMA(purple line) that served a support the last couple days. Of course we still have 2 hours left before the close so It could still close under the t-line and could still find a way to have the same lines of support and resistance as yesterday. I think either outcome is equally possible at this point or even a mixture of the 2 where the 200SMA is still the support line but the 200EMA is the new resistance. Both interestingly enough are being reinforced with different fibonacci extension lines(blue and turquoise). Being that the price has not been above the t-line on the daily for 13 days now its due. However today didn't carry much volume, RSI is neither overbought or oversold, and Mac D is only giving buy signals on the 1 hour and 4 hour so I think we may close under the tline...whichever of the equally likely outcomes occurs I'll be doing very moderate range trading, buying in fractional amounts just above the purple line and selling fractional amounts just below the orange line. Yo do you as this is not financial advise ;)
ETHUSD Range trading whilst DXY ralliesETHUSD Range trading whilst DXY rallies
Dollar strength today is forcing Alts onto a back foot. See DXY
charts and comments to get a better handle on when to trade
these, needing DXY weakness to really thrive with the tail-
wind behind them. But when this littel dollar counter-rally
ends DXY should fall back to 91, over 2% from here and give
the Alts a big boost at that point.
We are long here from 463 (stops just 2 points below) but it's
struggling...look to take the meagre 2% profit at 473.
These 9 or 10 points can then be used as stops for the next
trade,which will trigger on a break above the dynamic coming
off the recent high..as usual we need to see a decent break
at that point, greencandles, increased volume to know it's
good, surviving any retest of the line from above once broken.
Then it will have to break above 477 and that longer term
dynamic which is currently arresting any chance of meaningful
advance form here. Once it can manage that ETH should run
free - a good place to either enter long or increase if not
already in. But until we see that ETH is likely to drift, a
sell/take profits from 473 and and a buy again at 463. Range
trading for day traders here working between the lines, which
seem to be working quite well on this pair.