Using leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions. Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts. It is, however, important...
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...
Internet Computer (ICP) has once again demonstrated its resilience by bouncing off a critical support level at $11. This price action suggests that ICP may be poised for a rebound and a potential continuation of its upward trajectory. Key Support Level and Reaction: ICP has consistently shown strong support at the $11 level, bouncing back from this zone on...
Be greedy when others are fearful. Support on macro descending wedge. This is a shakeout pre mid-cycle bullrun. First target 30K zone. Final target 85K or 100K. Might post a more detailed TA, but wanted to catch the moment here.
MATIC has been exhibiting a peculiar pattern on the daily timeframe. The price has been accumulating lows twice now, followed by a sharp shakeout of those lows (liquidity grab), which then triggers a pump. This article will focus on the idea that history repeats itself in the market and how we can capitalize on this by identifying these patterns. The accumulation...
Kusama (KSM) has been trading within a substantial accumulation pattern, featuring a clear bottom that provides an opportune environment for potential manipulations. The strategic removal of liquidity from the lower part of the accumulation range signals a readiness to challenge the down trend line. The initial target for this breakout is set at $47, with the...
Immutable X (IMX) has been trading on the 4-hour timeframe, forming a substantial horizontal level that acted as a significant resistance zone. Following a strategic breakout from this level, IMX initiated a move to challenge the descending trend line from above. The successful penetration of the trend line signals a breakout strategy's effectiveness, and the...
DYDX is currently navigating a substantial ascending wedge pattern, having recently experienced a swift breach of the upper boundary that prompted a notable short-term reaction. The current phase involves a retest of the previously contested resistance, which has now transformed into a support zone. A potential shakeout beneath the lower wedge boundary is...
Allow me to share the exhilarating journey of BLUR, the budding cryptocurrency on Binance. Despite its nascent presence, BLUR has orchestrated a bullish symphony that echoes the proper way to ascend, shooting straight for the moon! 🌕 Navigating the Abyss: A Strategic Shakeout Descending Channel Tactics: BLUR engaged in tactical trading within a descending...
Rationale for Trade 1. Bounce from 30 EMA on Weekly 2. Resistance Turned Support (W) 3. FIB 0.5 Level 4. Retracement done on Very Low Volumes 5. TTM Squeeze and Shakeout on Daily 6. Broken 23rd Oct Selloff High 7. Fresh IV on 30th Oct 8. Very Strong RS
🌐 Greetings Crypto Enthusiasts, Today, let's set our sights on RNDR as it gracefully maneuvers within an ascending channel, painting a compelling narrative on the charts. RNDR, known for its strategic plays, exhibits a unique pattern—repeatedly forming a bullish flag after a bounce from the lower channel boundary. What makes RNDR an intriguing asset is its knack...
The crypto landscape is buzzing with excitement as MATIC (Polygon) exhibits a fascinating pattern before significant upswings – the liquidity sweeps or order flow dynamics. Notably, MATIC recently executed a liquidity sweep below the 0.5 imbalance level, signaling a potential prelude to an upward move targeting $1. Let's delve into the details. 📈🔍 MATIC's...
FET (Fetch.ai) has been showing a penchant for shakeouts, keeping traders on their toes. Currently navigating within an ascending channel, a recent manipulation near the lower range boundary suggests that a move towards $1 for FET might be imminent. Let's delve into the dynamics of this maneuver and explore the concept of order flow. 📈💨 FET's Shakeout...
Dogecoin (DOGE) has long been a favorite of traders and meme enthusiasts, and it seems like there's more to this coin than meets the eye. Beneath the playful exterior lies a substantial amount of liquidity, which could be a key ingredient for a genuine pump. But when will it happen? Let's explore the potential scenarios for DOGE. 📈🚀 The Abundance of...
In the ever-shifting landscape of the cryptocurrency market, Storj (STORJ) has taken center stage with a compelling narrative. It's been on a mission to clear global sell side liquidity and seems poised for an upward trajectory. STORJ's strategy has often involved liquidity sweeps, signaling a shift in direction, and it may be gearing up for another significant...
The cryptocurrency world often surprises us with intriguing market dynamics, and today, we'll delve into NEAR and FET, two projects that have crafted similar fakeout patterns but may be charting different paths forward. NEAR executed a "sweep of the lows," while FET is forging a "double bottom" pattern, both aiming for a potential ascent to $0.55. Let's explore...
Solana (SOL) has been a hot topic lately, and for a good reason. It's been on a relentless upward trajectory following liquidity sweeps of key lows. What's more, I'm anticipating another liquidity sweep around the $17 level, which could ignite another round of growth. It's a reminder that liquidity is the fuel that powers price movements. 📈💡 Liquidity Sweeps Fuel...
Despite the market consolidation, I agree that the SNAP sell-off was an overreaction. Big hands are attempting to shake off the Snap investors in order to move higher. Currently, large volumes are being bought as much as they can at below resistance, which is around 11.22, but if it breaks, we should expect 12.19 in no time. This is the time to start collecting...