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📉Think Outside the Box BTC!📈BINANCE:BTCUSDT COINBASE:BTCUSD Hello Dear Traders. 🔴The market has reached the end of its suffering range and our team's holiday break is nearing its end. ⚡️ In this post I will track the BTCUSDT movements as long as it stays inside the Box. 🔴The past few weeks, the pressure of market volatility was very high and we needed a break. We will review the market again from today. Please share the analysis posts to support and give us energy.
by CrazyS
ETHUSDT. Trading opportunityOn the daily timeframe, the price has been in a range since February 24. The buyer's vector 8-9 reached its obligatory target. The price is now in the seller's contextual zone. On May 23, the seller attempted to start their vector 9-10 with a potential target of 3301, but the buyer absorbed this attempt. The buyer's candle on May 23 has the highest volume in the entire vector 8-9, but the result is only in the wick. The price was unable to close the day above the previous wicks. Purchases can be sought based on the idea of reaching 4093. Sales can be considered based on the idea of the buyer's weakness (May 23 candle). Let's examine the lower timeframes to understand where purchases or sales can be found. The situation is clearly visible on the 2-hour timeframe. The price is in a range. The seller's vector 5-6 reached its obligatory target and the buyer's vector 6-7 started to develop with a potential target of 3901. The last two seller candles in vector 5-6 have increasing volume, while the two buyer candles in the beginning vector 6-7 have decreasing volume, suggesting that the buyer is not present yet and someone might be buying from the 50% tail of the candle using the IST (Smart Money) concept. For purchases, it would be beneficial if the seller on outstanding volume pushed the price below 3626, and the buyer absorbed this attempt and brought the price back above 3626. Of course, this might not happen, and the price could reach 3901. Sales can be sought from the seller's defense of 3901 or 3949. Below 3498 (the lower boundary of the range), sales can also be considered, but it is important to remember that 3301 may halt the seller, as this is where the buyer's zone on the daily timeframe begins (blue rectangle on the chart).
by AlexeyWolf
Euro can rebound up to 1.0900 points, exiting from pennantHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that some time ago price rebounded from the support level, which coincided with the buyer zone and declined to 1.0650 points. After this, the EUR turned around and started to trades inside an upward pennant, where it in a short time rebounded from the support line and rose to the 1.0725 level. Soon, the price broke this level and started to trades inside the range, where it at some time rose to the top part of the consolidation, but soon turned around and declined to support line of pennant. After this movement, the EUR made an impulse up to the current support level, which coincided with the support area, thereby exiting from the range. Also soon, the price broke this level and later reached the resistance line of the pennant, after which turned around and started to decline near this line to 1.0835 level. Now, it continues to trade near this level, so, in my opinion, the Euro can little decline and then rebound up, exiting from the pennant pattern. For this reason, I set my target at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
Bitcoin, after strong impulse up, can make correction to 67500Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago tried to rise, but failed and started to decline inside the downward channel, where it at once rebounded from the resistance line and fell to the 61100 support level, which coincided with the buyer zone. After this, the price made a fake breakout of this level and then tried to grow, but failed and declined to the buyer zone, where it some time traded. After this, the price broke the 61100 level again and in a short time rose to the resistance line of the downward channel. Soon, BTC broke this line, exiting from the channel, and later started trades inside the range, where it soon rose to the current support level, which coincided with the support zone. Bitcoin some time traded near this level, which also coincided with the top part of the range, and soon broke the 67500 level, exiting from the range and continuing to move up. But a not long time ago, the price turned around and started to fall. So, I think that Bitcoin can continue to decline to the support level, for this case, I set my target at this 67500 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
HelenP. I Bitcoin will correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price entered to consolidation, where it at once rebounded from support 2, which coincided with the support zone and rose to the top part of the range, but then BTC made a correction movement. After this, the price fell to the support zone, where it reached the trend line and started to move up between this line and soon broke support 2 again. In a short time later BTC exited from consolidation and continued to grow a higher trend line to the next support level, coinciding with one more support zone. When the price reached this level, for some time traded near, and later made a little correction movement, thereby breaking the trend line, but soon BTC turned around and made a strong impulse up. Price broke the trend line with support 1 too and then rose to 72000 points, but a not long time ago BTC turned around and started to fall. For this case, I expect that BTC will decline to the trend line and then turn around and start to grow again. That's why I set my goal at 72500 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
20/05/24 Weekly outlookLast weeks high: $67701.33 Last weeks low: $64227.62 Midpoint: $60753.92 We have lift off... maybe? Bitcoin has spent the last 2 months chopping between the low $70K's and high $50K's after a strong rally. However, it looks like strength has returned at least for now in BTC after the CPI print of Wednesday last week. This volatility influx moved BTC back above the 4H 200EMA which has been the all important level in determining the Mid - Low time frame trend. Now that price is back above I think the general sentiment would be to be more risk on, especially in terms of leverage than we've seen in the last few weeks. Not necessarily saying this is an ideal entry, just I think more confidence is returning to Bitcoin. The altcoin market on the other hand with exception to a few top performers is lagging behind BTC, and that can be seen by the Bitcoin dominance at 56% currently and targeting local highs. For altcoins to begin reclaiming some of their loses we'd need BTC to get back above the '21 high of $69K. Also, we have the ETH ETF approval deadline for VanEck and ArkInvest/ 21Shares on the 23rd &24th May respectively. Coinbase believes the odds of approval are closer to 30-40% so it would be a shock if these ETF's were approved by the SEC, however, if they were to be approved this could help kickstart the altcoin market again. For this week it's about seeing if BTC can capitalise on last weeks progress and target the '21 ATH. The purple trendline needs to be respected on the way up otherwise I think we'll retest the MIDPOINT or even the 0.25 area.
by ProR35
New ATH after Range Shakeout ???Bitcoin (BTC) is exhibiting a bullish pattern that suggests a potential breakout to new all-time highs (ATH). The formation of a horizontal accumulation range and a recent bullish engulfing pattern indicate a strong possibility for significant upward price movement. Horizontal Accumulation Range: BTC has been trading within a defined horizontal range on the daily chart for an extended period. This consolidation phase suggests that supply and demand have reached an equilibrium, creating a potential launchpad for a breakout. Bullish Engulfing Pattern: Recently, BTC formed a bullish engulfing pattern, where a bullish candlestick completely engulfs the preceding bearish candlestick. This pattern is a strong reversal signal, indicating a potential shift in momentum to the upside. Anticipated Breakout and ATH Target: Based on the horizontal accumulation range and the bullish engulfing pattern, I anticipate a breakout from the range and a surge towards new ATHs. The initial target for the breakout is the previous ATH of around $73,000, with the potential to extend further towards $80,000 or even higher. Potential Retest and Support: While a bullish breakout seems imminent, a potential retest to the 62,000 support level could occur before the continuation of the uptrend. This retest, if it happens, would provide an opportunity for new buyers to enter the market and reinforce the bullish momentum. Overall Bullish Outlook: The combination of the horizontal accumulation range, the bullish engulfing pattern, and the overall market sentiment suggests a strong bullish outlook for BTC. While there may be short-term pullbacks, the longer-term trend appears to be favoring the bulls.
Long
by Yaroslav_Krasko
HelenP. I Swiss Franc will rebound from trend line to $0.9150Hi folks today I'm prepared for you Swiss Franc analytics. A few days ago price made a correction movement, after which turned around and made an impulse up to the support level, which coincided with the support zone and soon broke this level. After this, CHF made a retest and started to trades inside consolidation, where it some time traded near the 0.9000 level and later rebounded up to the resistance level, which coincided with the top part of the range with the resistance zone. Then price some time traded near this level and later broke it, exiting from consolidation also, after which made a retest and even then continued to grow to the trend line. But when the price reached this line it in a short time declined to the support level, breaking the 0.9150 resistance level one more time. The Swiss Franc some time traded near this level and then rebounded up to the trend line and even broke it. Just now price trades near this line and I expect that the Swiss Franc will make retest, after the breakout, and then continue to grow to 0.9150 resistance level, therefore I set my goal at this level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Bitcoin can correct to mirror line and then rebound upHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the mirror line and made a strong upward impulse to the current support level, which coincided with the support level, thereby breaking the 60300 support level also. After this, the price started to trades inside the range, where it at once made a correction movement from the 65100 level to the mirror line, after which bounced up. But soon BTC fell to the 60300 level, breaking this line, and some time traded near the support level, after which rose back to the mirror line and broke it again. Then the price declined again, after which made a strong upward impulse, breaking the mirror line and 65100 support level, thereby exiting from the range as well. After this movement, BTC made a correction to the mirror line and then rebounded back and now it continues to grow. So, in my opinion, Bitcoin can repeat the correction move to the mirror line, and then continue to move up. For this case, I set my target at 68500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
MATIC - Clean and Clear ❗️Hello TradingView Family / Fellow Traders, On Weekly: Left Chart MATIC has been hovering within a big range in the shape of a flat rising channel marked in blue. Currently, MATIC is approaching the lower bound of the range, so we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the last major high highlighted in gray. 📉 Meanwhile, MATIC would be bearish short-term and can still trade lower inside the weekly support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
M
by TheSignalyst
2
EURUSD 12/5/24Starting off this week with euro to the USD I'm looking at a similar scenario from last week where we had a bullish range which held up and followed through into the last session of last week so starting this week I'm expecting the bullishness to continue and for this range to hold. We have a bullish internal range which I am looking for price to run lower. before going bullish or break lower bringing us into the sub 50% of our higher timeframe range, ultimately bringing us higher into the daily order block on euro to then push lower back into the overall trend the price is in. As it stands I believe price will push lower to start the week and then we will see during the red folder news if we are going to break out of this internal range or if we are going to continue to play bullish within this either way we'll be tracking price action for longs within this range or shorts if we break out and go lower. Trade safe and read price action!
by rosshayes
Gold can continue to decline to current support levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from the current support level, which coincided with the support area to the support level, breaking the 2330 level. After this, the price started to grow inside the upward channel, where it soon broke the 2330 level one more time and even some time traded higher than the support area, but later it made a downward impulse to the buyer zone, exiting from the channel and breaking the 2330 with 2295 levels. Soon, XAU bounced from the buyer zone, making a fake breakout of the 2295 level, and started to trades inside the range, where it later reached the top part of this pattern. Next, the price made a correction movement, after turning around and making a strong impulse up, breaking the current support level and exiting from the range. But a not long time ago XAU started to decline, therefore I think Gold can continue to fall to the 2330 support level. For this case, I set my target at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
3
Bitcoin can decline to support line of downward channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to range, where it firstly declined to the current resistance level, which coincided with the support area and at once started to grow. In a short time price reached the 71000 resistance level, which coincided with the seller zone and tried to break. BTC failed and made a correction movement, after which in a short time rose back and finally broke the 71000 level, but can't fixed and soon declined back to the current resistance level, breaking the 71000 level one more time. Soon, BTC exited from range and then entered to downward channel, where it first rose to the resistance line, but later declined back to the support line of the channel, breaking the 62000 level. Then price made an impulse from the support line to the resistance line of the channel, after which rolled down to the support area, where now continues to trades near the current resistance level. I think that Bitcoin can continue to decline to support line of the downward channel, therefore I set my target at 55000 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
BABA. The buyer shows strengthHello traders and investors! Let's take a look at what happened since the last post where I suggested considering purchases. You can find the post linked below. Just a reminder, the solid line represents the main scenario, while the dashed line indicates possible price movements to realize the main scenario. The price has increased by 13%, with the maximum drawdown so far being 5%. The situation is most clearly visible on the 2-day timeframe. I explained how and why to use different timeframes in a separate article, the link to which is provided below. On the 2-day timeframe, the price has formed a sideways movement where volume accumulation is taking place. Currently, we see 7 points within the sideways movement. The buyer's momentum from point 7 broke through the upper boundary of the sideways movement at 78.34. If the buyer defends the breakout above the upper boundary of the sideways movement, I expect the first target to be 96.68. This is approximately 18% from the current price. This is the primary scenario. If the seller absorbs the last buyer's candle and brings the price back into the sideways movement, there is a possibility of retesting the local minimum. The ultimate target on the weekly timeframe remains the same - 121.3.
NYSE:BABA
by AlexeyWolf
Ethereum can correct to support level and then continue riseHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and declined to the mirror line, where it at once turned around and in a short time rose higher to the 3530 level with the seller zone, thereby breaking them. But soon, ETH declined lower this level this mirror line, breaking them again and fell a little lower, after which in a short time rose to 3270 points. Then price turned around and made a strong impulse down to the support level, which coincided with the buyer zone, thereby breaking the mirror line with the 3530 resistance level one more time. As well then, the price started to trades inside the range, where ETH rebounded from the support level and tried to rise, but at once made a correction. Then price in a short time rose to the top part of the range, after which rebounded down to the buyer zone, which recently turned around and started to rise. So, at the moment, I think Ethereum can make small correction to support the level and then continue to rise. For this case, I set my target at the 3200 level inside range. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
MATICUSDT. Trading opportunityA sideways range has formed on 4D TF. The seller's vector has reached the obligatory goal. The buyer has not yet shown strength. I will wait for buyer action to buy. The target could be 1.29. A sideways range has formed on the hourly timeframe. Buyer vector 5-6 has been won back. The seller vector (6-7) is currently relevant. If the seller breaks the 0.7006 level and defends it, then I believe the price could reach 0.6194. I think 0.6194 is a good price to buy.
M
by AlexeyWolf
Ripple can exit from triangle, make retest and continue to riseHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it, after which started to trades in the range. Inside the range, the price rose to the top part and then turned around and declined lower than the 0.6085 level, thereby exiting from the range. After this, Ripple turned around and rose higher than the resistance level and started to trades in a triangle, where it rebounded from the resistance line and made a strong impulse down to the support line, breaking 0.6085 and 0.5065 levels. Then price turned around and made an upward impulse from the support line of the triangle to the support level, which coincided with the buyer zone and later finally broke the 0.5065 level, after which reached the resistance line of the triangle. But recently it rolled down from this line to the support line, where at the moment continues to trades near. For this reason, I think that Ripple can reach the resistance line, and break it, thereby exiting from the triangle and making a retest. After this, XRP will continue to move up, therefore I set my 1-st TP at the 0.5745 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8