USD/JPY liquidity zoneI shorted this pair from 136.600 on breakthrough through the flag from Wednesday. That was great and easy one. Now I am waiting here for drill this liquidity zone and then I will decide my position.
But also we can open here a short if it break through the 132.500 price and if it bounce from it we just buy. Nothing complex. Just give attention to 132.500 lvl and this one will show you what you need to do next.
Good luck.
Fridrex.
Short-long
USD/CAD good setupHi there. On this pair nothing special. We bounced from strong and old trendline on July 1st and climbing new heights now. Also crossed old and strong level and entered zone of liquidity. So here we just looking for buy on any possibilities. But keep your eyes on this trendline. If we break through it - then we're done. We will roll from this rock and next stop is 1.20.
Keep it easy with Fridrex.
EUR/USD what's next?EUR/USD is overall in a bearish trend... this minor consolidation period has bullish potential, but we still have to be careful while looking for long positions. I marked an interesting SUPLY area, where plenty of short orders came in.
I will wait for the price to print a cleaner picture before executing any positions. Like i said, i favour shorts over longs, but you never know what happens. If we see bullish price action, i might just shift my focus!
Have a nice weekend guys, make sure to manage your trades before the market close today!
*ALWAYS TRADE SAFE, NEVER OVER RISK!*
Best regards, T.
Possible Idea for Short and Long ETH/USDTThis is another test of an idea using order blocks. Bearish and Bullish Order Blocks are marked. Think Ethereum must correct more before going up too much more or it will be an epic failure. I would never buy Ethereum at this price so why would most other people? For this uptrend to be resumed iit needs to finish the correction. Here is kind of how I see it playing out. I was looking at the locations of the order blocks and this is what I cane up with. Those two lines are very old and seems to be important here. Since the top trend line has been a point of rejection multiple times, it seems to me that its a good place to short to the bullish OB. Those line were there from way earlier when I was finding where another breakdown was going to occur. You should be able to see the origins. So shorting to the Bullish OB makes sense. Then longing there to the next high and use TP using the VP. There is the potential that it could go straight down through the block and continue further,
It could also just got to the order block from where it is now, if so missed trade not a big deal. Again, this is just an idea/experiment part of a series of tests I am working on for a new strategy and possible indicator.
I am using many other thing besides this to design this trade idea. I use a MM Matrix, Live Order Book data, Liquidation Levels, Volume Analysis, Foot print charts and a different charting software. I have done my best to get the data here and make it work on time based charts but I work more with range charts I am not trading this just seeing how it plays out. I have a fair amount of confidence it will be close to how it goes. One or both trades should work out. I would have larger stop losses myself but these make sense if my idea is remotely correct.
-NFA, Not live trade I am doing, experimental trade but think concept is sound. Lets see. If you haven't noticed I am in search of something different. I hate following so I always look for different things or opportunities. Some work, many don't. I still trade my regular trades but am just posting these for feedback and heck maybe someone sees something they like and it makes them good profits. I certainly hope it helps someone.
Bitcoin Trend Analysis July 31st! TIME TO START BUYING?Welcome back! Happy Sunday! looking at the week ahead- I do see bitcoin retracing down to 22400 - 22800 and thats the area you should be buying and ETH to 1400-1500. Like we talked about in my last video- its not a good idea to buy when bitcoin is going up; you should only buy at support levels. Its very tricky to find these areas but moving averages are your friend. Good luck next week!
BTC PredictionI have analyzed 2 historical dips after ALTH’s I have noticed two major trends:
Trend 1 LMACD: LMACD line crosses the signal line indicating a bearish market. Volume decreases, after an initial dump it pumps back up to critical fib level of 0.618. then dumps back. The total dip lasts around 400 days, and total market correction is around 84%.
Trend 2 MA: This indication starts when price goes down 20 Weekly MA, validates the support of 50 Weekly MA, goes up to 20 weekly MA (even crosses), then dumps to 200 Weekly MA. This pattern is confirmed when 20 Weekly MA crossed 50 Weekly MA.
Prediction: BTC has reached peak of its second pump to 51K, it will slowly descend to its support of fib support at around 23.5K, after that we will see a slight pump to around 34K. After that will complete its correction at 15.5k, with spikes to around 12.5K (84% correction).
RUNE, Rejection or Break Out?RUNE is trading near strong former support which is now acting as a resistance.
Strong support/resistance static line with several hits (7 times ) is shown on the chart by thick red line. This static line supported the price for 5 times before breaking down. After break out , RUNE has found a new support and currently is at mentioned line again and may develop a valid pull back.
Rejection or break out? I myself, give more chance to rejection however, we have to be ready for every scenario.
Both rejection and break out targets are shown on the chart . We need a valid trigger to open a short/long positions at support/resistance zones. As always, we are trying to be unbiased.
Selecting right position , RUNE will brings us nice profit.
Good luck everybody.
₿ 🛬 💥 BTC reaches TOP OF CHANNEL - SHORT INTO A MASSIVE DUMP!?As we reach the top of the BTC channel formed over the past month and a half, we are staring down a barrel with the possibility to enter a MASSIVE SWING SHORT position if certain conditions are met.
These conditions could be either trapped longs to fuel the way down to the 17000s or reentering the Value Area and price acceptance within.
As price hovers at the top of the channel I am patiently waiting for my entry and not risking opening a position without obvious confirmation.
Without a doubt, there are chances that we continue higher to 27380, but one should not rule out the possibility of rejection in front of us.
Best regards,
VOLK
Bitcoin - a short, medium and long view in outlookBitcoin has lost a critical local support zone, also coinciding with the loss of the lower pivot in the local downtrend (1H).
At 4-hour levels, the bearish channel that has formed and the rejection at the top of the bullish channel can be seen even better.
In the daily scenario we continue to hold the bearish channel with a re-entry and rebound that could swing the price back between $22,000 and $20,000.
A clear entry point is yet to be established, and we expect high volatility dependent on financial markets. If these pick up, we can get a short target with entry at $28,000.
In the event that the stock market is more affected in the short term, the support of $20,000 and $18,000 could be in danger, since a double top pattern on historical highs has been completed, whose projection could take the price of Bitcoin to $14,000.
btc :)Hi, I'm back again
In my opinion, this analysis will be 90% correct. With the session on Wednesday in America, we will see the new floor, which will be between 19,500 and 20,000, and then the upward trend will go up to 27,000 and maybe up to 29,000 in the first step.
We have to see how the conditions are there, but most likely we will have a correction up to 23 thousand
BItcoin to 14k No one knows what the heck will really happen with bitcoin but...
according to the chart we are in a falling wedge that needs to regain strength killing all short positions.
Even if it doesn´t fall to 14k (it will) as, cash left the market, high inflation worldwide, energy price for miners, trend analysis, and trend following, I would not mess with crypto right now.
Is not even cheap to buy it now, this is not the deep. A possible scenario may be a correction of 90% from 28k.
Don´t get me wrong, I am one of the believers of the blockchain, Bitcoin will go to 200k the next bull run, but not this year.
Let me know what you think.
Be wise don´t work for money, make money work for you.
SHORT-TWTUSDTtake a long position when touches the green line with a long position SL and take a short position if it closes below the green line and hard close and wait for a retest to close that long position if you are taking this trade then contact me for TP if hard closes below orange trend support then take a short position and mark orange dashed line as SL and take a long position with SL when touches trend support.
We will be long-short-longThat is long in the short-term (until the Fed), short in the medium-term (until October), and long in the long-term (until next Spring).
Through some creative analysis, I have us in Primary wave 4, Intermediate wave C, and Minor wave 2.
I expect Minor wave 2 to end tomorrow, likely earlier in the day and then we begin Minor wave 3 up toward 3975. It may take 2-3 days until wave 3 ends. Wave 4 will likely be a day long and I have currently plotted it halfway between the projected movement of wave 3. The final wave 5 will likely last around 2 days. Based on prior wave C movement, the strongest model agreement has wave C lasting 7 days. I figure 7-9 is safe. Based on prior wave 4 movement, the overall move has the most model agreement at 28 days. I think we will fall short of this mark as the Fed rate hike occurs two days prior to this point. We could drop into the rate hike and finish 4 with a wave 5 up after the hike if “it’s not as bad as forecasted,” but most of us are ready for the 100+ basis point future.
Wave 3s ending in 4C3 tend to extend 101% beyond wave 1’s movement 75% of the time (1st Quartile), beyond 112.68% on 50% of the occasions (2nd Quartile / Median) and 25% of the time (3rd Quartile) it will extend 125.81%. Wave 4s ending in 2A4 tend to retrace the wave 3 in which they follow by 29.58% on 75% of occasions (1st Quartile), retrace 54.82% half of the time (2nd Quartile / Median), retrace 84.72% on a quarter of occurrences (3rd Quartile).
We will likely top out above 4000, but how much further remains unknown. Early earnings may be paltry, but earnings forecasts post-Fed rate hike will likely take us down through 3400 over the next 2-3 months.
Dailiy EMA 30 Rejection Phases for BitcoinAs can be seen, when we examine the rejections associated with the 30-day exponential moving average in two separate channels, it is expected that the price moving in the falling channels will break the falling trend after the 4th phase.
However, it is useful to be careful and not to enter a position without using stoploss, especially in margin transactions.