SFPUSDT (SFP) - UPTREND CONTINUATION ANALYSIS 🔎
- SFPUSDT retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement was bounded in a falling wedge pattern.
- This is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance and is currently retesting the falling wedge's resistance.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Current market price (now).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the swing low horizontal support level (S1) and ascending channel support.
Sfp
SAFEPAL a crypto with incredible potential for appreciation! SFPTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 15 minutes movement.
This crypto was listed on Binance yesterday at 10am and so far it has only been increasing! It is a great investment for anyone looking for medium/long term returns.
A company with great fundamentals and solid bases to deliver what it says! I've been investing heavily in this crypto and well, the trend is to increase its price even more.
Projection made a little over the hour, on a 15-minute graph, to which the graphical pattern (ascending triangle) is materializing and there is also confluence of the regions with Fibonacci.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
GBPUSD - Liquidity TrapLooking for a potential Liquidity Trap here to trap new sellers predicting a change in trend and squeeze out current long positions.
I am looking from an institutional point of view, where liquidity is needed before a further move to the upside.
This area of business (blue rectangle) interests me as we have nice prior lows where there will be a lot of stops beneath and we have the Daily ATR also. Looking for a failure around this area before longing to the FTA.
#Bitcoin - What's next? I am never gonna get my 10761 short entry filled, this has been my SUPER SWING for well over a month now
in my previous idea I mentioned we will see a Bearish diversion forming on HTF & finally we have it with amazing follow-through
I was waiting on daily candle close to enter in trade & with Cyclone warning in my city my head wasn't just in the right place , what I missed out in my analysis was FAKEOUT, that's what I am counting this as fakeout from our triangle on the upside to dump back down
now here's what I am looking at current charts a possible BART (SFP)
we have liquidated shorts, stopped out most & taken out the previous highs, all we need is a retest & that's where I will risk short, I will take profits as mentioned on chart (TP)
My long-term triangle is not broken yet nor is my IH&S idea invalidated, we are at the résistance best will be to enter a short position & take profits at different levels as market gives us
inverse Head & Shoulder
#Bitcoin Swing short Bitcoin is being Bitcoin hence not trading it from the past week, wicks on both side Exchanges are the only ones making money, retailers are f**ked
entering a swing short position here on BTC with 2% account risk, looking at possible Super #Bart (#SFP) 3Drive is still valid
also, there is a possible H&S in the making, once we break the Mid support line on the parallel channel I will be more confident with it till then risk small as any trades here are PURE GAMBLE!!
#bitcoin - Bart it up v2#BTC will #BART
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BTC short term bounce possibility Let me begin by dissecting the higher time frames to set context to this idea.
Quarterly
Price broke through the high and has since then retraced to the .5 level forming a possible higher low. For macro trend change and confirmation of the higher low we would have to see a higher high form next.
Monthly
We formed a (marginally) higher high on the monthly which is a first bullish sign. Next price would have to print a higher high, ideally in the blue zone for max R:R (lines up nicely with bottom of the weekly range and the daily consolidation below). If we break the low on the monthly well..
Weekly
Looks like a bullish quasimodo pattern to me. If it is then we typically see price returning to the range low before further upside. However we could see a retracement first and if we do this would be a good spot for it. Price is at weekly support and range EQ. A weekly close tomorrow above the range EQ would support this idea.
Daily
Not much to add on the daily. If we do go up from here I'm looking at 9200 area for my first TP (daily S/R) and the untested base around 9700 for full exit / dream short opp.
H4
Price SFP'ed into an untested base and RSI is showing a bullish divergence (volume is lacking as it is the weekend but the pattern is there nevertheless). The is a slight risk that we go for a three drive pattern into the untested daily block but I'm taking my chances here. Entered on low risk and looking to add on the way up.
Last note: i use candle closes to identify breaks in MS. That way I can easily visualise breaks on the line chart, even when breaks are tiny (for example because of low volume during weekends). Offcourse you can use candle highs and lows as well as long as you're consistent with it.
Crossroads for BTC folksOkay, what can we say about BTC today guys?
Well, the one who didn't notice that absurd first 4h candle of the session was sleeping in a cave, but otherwise?
We are once again in the presence of a swing failure pattern, folks, it is usually a reversal indication but with the BTC it is better not to take this for cash.
The trouble area at the moment is still the same since it was broken down two days ago, between 7220 and 7275. The Bitcoin has tried several times to break the latter during this session without success so far.
The indicators?
While on short-term horizons like 1 hour, these latters evolve towards their overbought zone, in 4 hours the crossing has just been done. The technical situation is therefore rather positive in 4 hours and still neutral in daily with a WaveTrends that has still not crossed upwards.
What do we do now?
If BTC succeeds in breaking ( in closing) its resistance zone, a long on pullback is possible in order to target the 7400 level.
Otherwise, a return to the 6800 seems to me unfortunately inevitable and we will then try to open a short position on retest of broken support.
Take care of yourself, guys!
Short - term upside for Bitcoin likely in the next few daysWelcome, don´t really know if I would call it a rally or a bounce but I do think we have some upside here, this is why:
1. after those two wicks stopped out and liquidated people left and right, price still closed well above the bottom of the bullish orderblock - the demand has not yet depleted
2. we have a swing failure pattern on a 4 hour chart: whenever that happens I usually look for price to run the other way
3. we also have a three - drives bullish divergence on the 4 hour time frame as well as a confirmed bullish divergence on the 12h
4. btc dominance looks bouncy
All in all, if this will turn into a legitimate rally or just a relief bounce remains to be seen but a trade is here nonetheless. My primary target is a run above the previous swing high.
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Take care.
Bitcoin in a strong buy zone with H4 SFPBitcoin reacting very well to my plan I made month ago (). Broke out the wedge with volume on a daily. Currently consolidating in a smaller wedge above the down trendline, touching strong demand zone, touching 200 MA and creating SFP there. Could go lower but this is a must buy for everyone with a tight stop.
BTCUSD. Will the range low hold?BTC has provided a weaker performance than I expected.
My strong HTF bullish expectations rest upon the preceding HUGE impulsive move.
I am still HTF bullish , the only problem is: I expected a breakout by now, which clearly is not the case.
The price has now approached the support which is also defined as the low of the range. Moreover the previous low has been taken, which opens up a whole lot of an opportunity for a SFP (i.e price has probed the liquidity)
If daily fails to hold above 8960 I expect price to slide to the 8600-8800 range where it would test the previously broken resistance from the other side.
Keep risk under control and profits be with you!