Surprise Short 🔥 Bulls Are Alive, But Sick 🩸Surprise Short 🔥 Bulls Are Alive, But Sick 🩸
We still believe in our previous Ideas.
We believe in our channels and RSI signals.
And that is why we bet on this short before going for Target 2 (See our previous Idea)
KEY POINTS:
- Volume Is Low = Channel Holds
- Price Action Is At Resistance
- Target Is At Channel Support
- RSI Favors Bears
Leverage: x1
Entry: $36 500
Target: $33 000
Stop Loss: Daily close above $41 000 + 6 six hours
Resistances
NATURAL GAS BREAKTHROUGH TRIPPLE TOP. AND NOW WHAT? Natural gas breakthrough the triple top on a weekly basis, but now the price stays on the strong resistance 61.8 Fibonacci level. It is a turning point, and it would be interesting how the price will react this week. The weather appears to be the driving factor behind the recent upward movement in natural gas prices. Exports are on the rise, and industrial activity is returning. Still, the current weather pattern for much hotter than typical weather coming out of the North West is driving up the demand for natural gas turbines electricity. Natural gas futures look stable in the long term. If the natural gas prices continue to rise sharply for the subsequent consecutive trading sessions and breakthrough 61.8 Fibo level, the next strong resistance level on a weekly basis is very far on the north at prices around 4.90. If the price levels will pull back from 61.8 Fibo, it is possible to test the previous support levels at 38.2 and 23.6 at prices around 2.80 and 2.30 per cubic feet. Our oscillator indicators show that the price is in the overbought zone above the 80 RSI level.
Meanwhile, revived export demand is likely to tighten balances even further as the U.S. approaches peak cooling season. The latest EIA report confirmed the more robust demand with a modest 55 Bcf injection into storage. Total working gas in storage as of June 18 stood at 2,482 Bcf, which is 513 Bcf below last year and 154 Bcf below the five-year average, according to the EIA.
Bear market... or "bearly" there?Let's be honest, we all knew it was coming...
Zoom out on the 4H chart and you might notice something rather odd. Now, you must concentrate and analyse the highs and lows of this complex analysis I've supplied you, perhaps take notes. A very Bearish pattern forming over 141 days of which Bitcoin ( BTC ) has varied in price from 29,000USD to 65,000USD, these Pump and Dumps have formed the less mentioned Bear Paw Pattern as you can see, the chart forms an easily noticeable Bear Paw.. Does this spell the start of a much feared Bear Season?
The Bulls fought hard for the 30,000USD and 29,000USD support which resulted in a nice bounce, but was it enough?
As of time of publishing BTC is finding resistance at 33,000USD and support at 31,000USD but neither the Bulls nor the Bears are giving up just yet...
So, is this the beginning of the Bear Season or is this a win for the Bulls? I'll let you be the judge.
UC.
BTCUSDT Technical Analysis Update H1
Welcome back Traders, Investors, and Community!
BTCUSDT is in the Bearish channel and it seems that it could potentially go lower to 28720.0 However if it breaks above the downtrend resistance line it might go higher to 32540.0 and 34510.0
Traders, Please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write your it in the comment box . We will be glad for this.
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
WHAT ARE SUPPORT AND RESISTANCE?BITCOIN IS IN DOWNTREND WE ARE SEEING A GREAT SUPPORT AT 30K TO 33K LEVELS. THAT MEANS INVESTORS/TRADERS ARE HEAVILY BUYING AT THIS ZONE.
THIS DOWNTREND STARTED WHEN INVESTORS STARTED TO BOOK PROFITS ON 65K FOLLOWED BY SOME NEGATIVE NEWS.
THIS RESULTED IN RESISTANCE ZONE AT 65K LEVELS.
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PLEASE COMMENT IF YOU ANY DOUBTS ABOUT THIS CONCEPT.
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NZDJPY Sell Idea Update!!!My idea here was to look for pullback and sells until both the key resistance zones hold.
The price action followed my analysis exactly as I expected it to here. The pullback that I was looking for happened, most importantly the price was holding below the key resistance zones. The price then moved lower as I expected it to and provided a nice move to the downside until it was blocked by a bullish divergence.
Original Idea
TRXUSDT bounced on 0.5 Fibonacci level 🦐After a very nice bullrun, the price bounced on 0.5 Fibonacci level. IF the price will have a breakout from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ETHBTC is ranging below the resistance 🦐the price is ranging below the daily resistance. IF the price will have a breakout upward, and retest the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
LRCUSDT wants the breakout! 🦐The price is testing the daily resistance. IF the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ZRXUSDT waiting for the breakout 🦐the price is testing the daily resistance inside a descending channel. IF the price will have a breakout upward and retest the daily resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BTC/USDT 4H According to double top reversal & main resistance with attention to low trading volume & poor divergence It is estimated that the price will drop to at least 57,500.
best of luck.
ALPHAUSD AnalysisReasons to sell
Strong resistance level at $1.90 - $2.00 currently being rejected once again with a 4th touch.
Looks like there was a fake-out move around the 23rd-24th March with price breaking out of the strong resistance level previously mentioned.
Weekend (saturday) and nearing end of monthly candle closure where a correction usually happens
Reasons to buy
Strong daily candle close the day before on the Friday (same day as options expiry)
Options expired so selling pressure has gone
Still testing the Strong resistance turned support level at $1.81
EURJPY May Be Dropping! According to my previous idea, I mentioned how EJ was going to reach the weekly/monthly resistance zone and reject to the downside long term. It is now rejecting that zone, so as a result we can see on the 4H time frame EURJPY has created a double top and has broken my trendline, trend structure, AND my zone(not referring to the gap). I'm going to allow price to retrace back into my zone and wait for a rejection at or near my zone to sell long term back down towards my 3 targets!
On the other hand, there is a STRONG possibility that price can continue bullish and if price just so happens to do so by breaking and retesting my orange zone, I will be looking to scalp or day trade for a few pips or so.
*This is just my personal opinion. This is NOT financial advise in any shape or form as I am no financial advisor*
XRPUSD Simple Support and Resistance 🧐Looks like we might’ve just confirmed the long term important $0.50 level as support on the 4H. We’ll see how it plays out, but looks like a pretty straight shot from here to $0.65 now that we’ve pulled back from $0.55.
Also, looking like we’re about to close with a bullish engulfing pattern on the weekly, so could be further confirmation that good times are ahead for XRPUSD. A convincing break of $0.65 perhaps? 🤔❓