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Rangetrading

Cardano bulls likely to falter at $0.375 againPossible short-term range formation after a strong ADA move downward from $0.42 that began in late April. Range extremes are at $0.373 and $0.348. The range highs coincide with a bearish OB as well. A sweep of liquidity just above $0.375 was a possibility that bears must be careful of. Entry: $0.369 (aggressive, more cautious traders can wait for rejection from $0.373) Take-profit: $0.349 (just above range lows) Stop-loss: $0.3777 (a wider stop-loss at $0.38 can also be considered) R:R- 2.45
Short
by AMBCrypto_TA
2
SPX: A Short-Term Congestion | What's Next?• The SPX is trading inside a range, between 4,148 and 4,099. Only a breakout will bring something new; • The 4,099 is a Double Bottom, and if the index loses this key support, we might see it correcting to the next support line, at 4,029, filling the gap at 4,072 in the process; • However, the SPX is still trading above the 21 ema on the daily chart, indicating that it has decent chances of resuming the bullish sentiment – it just has to break the 4,148 to confirm this thesis; • In this scenario, mid-term speaking, the next technical resistance at 4,195 would become our next target; • For now, let’s wait for more signals. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
How to identify a TREND or RANGE market early in DaytradingTrading and Price Action can be broken down into tow simple terms...a 'range bound' market and a 'trend' market. Being able to identify the price action early is key to successful daytrading. In the video I discuss how I like to daytrade Indexes and especially how I look to identify a RANGE or a TREND market. As there really is only TWO WAYs to trade....ie/ reversion to the mean or continuation trading...it is important to identify the market conditions early to get on the right side of the market and take full advantage of a move up or down. I discuss my basic approach to trading and what I look for to identify the market conditions. I talk about my trading style and general entry criteria. Any comments or questions welcome below.
HKEX:HSI1!Education
by TradeTheStructure
ETH will lose against BTCSince the last bear market in 2018/2019 ETH was gaining in dominance against Bitcoin. It is clear that ETH could show similar weakness against BTC like last bear market. Considering that a recession is highly probably, I have marked two simple scenarios: — ETHBTC will retest the rage lows at 0.056 — If this level does not hold, we could see a retest of the 0.03 area. This will probably match with the theory of a three digit ETH (look at link to related ideas). Cheers and good trading!
Short
by zonetradingsz
Navigating Ethereum: Analyzing Price Ranges & Bitcoin DominanceOver the past week, Ethereum has exhibited both volatility and stagnation, trading within a defined price range. I would like to provide an analysis of Ethereum's price action, discuss the significance of support and resistance levels, and highlight the importance of Bitcoin dominance in the cryptocurrency market. Ethereum's Price Range: A Closer Look Since last Friday, Ethereum has been trading within a range of $1700 and $1850, oscillating between the upper and lower limits approximately 10 times. This range-bound behavior has created clear support and resistance levels, which, when broken, are likely to result in a substantial price movement. Managing Risk and Anticipating Breakouts One common risk management strategy in range-bound markets is to buy at the lower end of the range and sell at the upper end. However, should Ethereum's price break below the established support level, it could trigger a decline into the lower $1600s. Conversely, if the price breaks through the resistance level, we may witness a surge towards the $2000-$2500 range, which has been a potential target for months. Bitcoin Dominance and Its Influence on the Market Despite the enthusiasm surrounding altcoins, Bitcoin's dominance in the cryptocurrency market cannot be overstated. As Ethereum's price action is closely tied to Bitcoin's movements, it is crucial to monitor Bitcoin dominance when assessing Ethereum's future. While it is possible that an altcoin could eventually surpass Bitcoin's market share, such an event is not imminent, and predictions to the contrary should be approached with caution. The importance of Bitcoin dominance highlights the interconnected nature of the cryptocurrency market. Traders and investors must consider the broader market context and the influence of major cryptocurrencies like Bitcoin when analyzing individual assets such as Ethereum. Trade Cautiously and Avoid Overleveraging As you continue to navigate the Ethereum market, it is essential to trade cautiously and avoid overleveraging. By understanding and analyzing price ranges, support and resistance levels, and the significance of Bitcoin dominance, you can better manage risk and make informed decisions in the ever-evolving cryptocurrency landscape. By keeping a close eye on market trends, monitoring the performance of major cryptocurrencies, and staying updated on relevant news and developments, you can better equip yourself to handle the challenges and opportunities presented by the dynamic world of cryptocurrencies.
BITSTAMP:ETHUSD
by bitdoctor
BNB Long Game Plan Hi all This is my BNB Long Game Plan: - Before entering, please watch the Bitcoin price aswell, and check if they are trading the same direction. - Also, this is a RANGE play, a small trade between to clear levels. My general sentiment for the crypto market is very pessimistic, I will be having a close watch if I decide to play this range Here is my detailed Game Plan: - Price needs to stay within range for me to search an entry on this (Between 280 and 300) - Smooth Price Action on entry chart (looking for a daytrade so lower timeframes) - Reclaim of Red line is prerequisite for entry - Push above Red line and and pull back on Red line - Pull back on Red line, hold and reclaim would be entry signal - Target 300 - Stop 280 Please follow me on Tradingview for more trades and ideas.
Long
by TraderCHgold
BTCUSDT - Trading Range (Possible New)2Hour Chart - UTC+1 My best effort attempting to draw a trading range that if the price breaks what I think is the top of the previous range, will form a new range. Trading range: Bottom 24,300 Top 28,400 and Middle 25,700. At the time of writing, possible retest of the top of previous range. Having hit the weekly at 24,295 could possibly be a signal that we continue this new range, keeping in mind the daily resistance levels above. Fibs: A continuation from last range. Fib Channel from low on Saturday 14 Jan at 11:00, to low Mon 13 Feb at 17:00, to high Thurs 2 Feb at 01:00. I have drawn 2 Fib retracement levels, and using them for Fib Expansion levels to determine possible support and resistance levels for price action above. I am doing this because between the range, either price went up very quickly or, went down very quickly. This has not left much for support and resistance as far as monthly, weekly, and daily horizontals are concerned. Interesting that both Fibs extend to top at Fib expansion 2 same price range and top. * For both Fib retracement levels I'm using the expansion levels at 1.133, 1.272, 1.414, 1.618, and 2 as support/resistance levels. Indicators as new price discovery levels where there are no timely support/resistance levels. Particularly of interest where there are intersections with timely support levels, such as 1.133 and daily at 24,631. - Fib retracemet (Extended line to the right) from high Thurs 2 Feb at 01:00 to low Monday 13 Feb at 17:00. 1.133 already proven to be a fair enough resistance and possible support. 1.272 seemingly a resistance level. - Fib retracemet from high Thurs 16 Feb at 17:00 to low Friday 17 Feb at 01:00. 0.382 (inverse 0.618) had a good reaction to the upside. 0.618 (inverse 0.382) noticeable resistance. 0.618 a nice alignment with other fib level 1.133, may be an indicator of flipping resistance into support, and good setup for the daily at 24,631 (just an idea). It's worth noting that Fib 1.618 in the previous run up and in the previous range, was the middle of the range for that range. I have chosen to be conservative and rather let time play out before calling it a middle in this possible new range. If this were the case, it would change the top of the range to what I think at approximately 28,600. Assumptions: All monthly, weekly, daily, and nPoc Horizontal rays act as support and resistance levels (* dashed lines are ends of wicks on the retrospective level). Support when price is above and resistance on price action below. Fib channel also used for indication of past and present possible support/resistance levels.
by hmaroudas
BTC/USDT RANGE PLAY HTF #BTCHere's my idea on the current price action of BTC and possible target if it were to break either way: Downside: - If BTC fails to hold the $22500 region then I suspect the price will fall, take out the inefficiency of the pump and hit the mid-range marked out. - Possible signs of a deviation - Bulls running out of steam Upside: - If BTC can reclaim the 0.75 region then the range high is a possibility - I would be careful placing longs in this area, Keep a tight stop loss and cut soon if it breaks below
BINANCE:BTCUSD
by orcusworth