Shortterm
ETHUSDTHello my dear friends
I'm not very familiar with harmonic patterns, but according to price action, the price should enter a very quick correction.
It must be released from this state of compression.
If we want to look at the chart from a different point of view, it seems that if the price range of $1,655.52 is completely consumed and the first target of the pattern is hit, by observing the loss limit, we can reach the specified range (1,726.24 $) enter into the transaction.
We would be happy to hear your comments
Simple Ascending TrianglesJust a look at some ascending triangles forming on the BTC chart over the last couple of weeks. It just touched on the bottom trend line again in the past 24 hours, so I'm looking for a bounce up from here to the upper line. If we break below, than the triangles fall apart. Also looking for volume to increase as the lines converge, for a break to the upside. Otherwise, low volume could see the price reverse. I will be keeping an eye out for these triangles to narrow over the next week or two before reaching a head. This is a borderline rising wedge shape, but seeing as it is relatively flat on the top line, and the rising price from the prior two weeks, this looks to be a continuation in my eyes.
If the price does rise to the vertex, it should bring the price just above a big resistance level, and seeing as there isn't much resistance beyond that from ~$26k to ~$28k, breaking that could be more impetus for the price to break to the upside.
USDCAD Local Buy from Support Welcome back! Let me know your thoughts in the comments!
**USDCAD - Listen to video!
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time to sell euro!In the few past days, the price has taken a secondary sideways trend, which is a temporary period until it completes the decline,
*Failed to break the resistance.
*15-minute uptrend break
*The main trend is down
*Overbought RSI
*moving average
*retest the previous resistance
good setup to go short
CADCHF I Short-term Buy from Support Welcome back! Let me know your thoughts in the comments!
**CADCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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US100 Short Position 1h Scaling EntryThis is one idea on US100 Reversal on the Resistance line with scaling entry.
Zone seems like this:
Entries with 1/4 of total amount risked on after confirmation of:
1)Range resistance retest. (12531.4)
2)Smaller negotiation area resistance retest. (12395.6)
3)Breaking of smaller negotiation area support. (12332.5)
4)Breaking of the Sign of Weakness of smaller. (12198.7)
Stop loss above the Swing High. (12694.5)
Target on the opposing edge of the zone. (11707.0)
SKLUSDTHello my dear friends
At the end of the descending channel, a tight movement is formed in the daily time frame!
The possibility of the price exiting from compression is both upward and downward.
But whichever way it exits, it will definitely be a very fast move (:
For me, it would be better to wait and enter the trade if the trend moves above $0.0616.
----> At the end of the trend, both ICHIMOKU and RSI issued a signal of formation of an uptrend.
It would be great if you share your thoughts with us.
TMUS: Looking to go higher?TMUS
Short Term - We look to Buy a break of 138.19 (stop at 133.78)
Trend line resistance is located at 137.50. A break of resistance at 137.50 should lead to a more aggressive move higher towards 150.00. Daily signals are bullish. Our bias remains bullish and further upside is expected to target resistance at 150.00.
Our profit targets will be 149.90 and 160.00
Resistance: 150.00 / 160.00 / 180.00
Support: 137.00 / 132.00 / 124.00
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BTC Correction aheadHello ,
There are more reasons why a correction might occur :
Here are some of them :
- Stochastic and RSI Close to top on daily and all other lesser time frames. Only ones which disapprove this rule are weekly and monthly, but these apply for longer term strategies
- Low volume, still. Volume has increased indeed 40% from yesterday, but still not strong enough to go above the 25k
- EMA Ribbon tests at 24k. I expect a retracement from there, due to the arguments above.
- 6 figure number of BTCs were taken off exchanges in the last 30 days alone. Another reason of this occurring might be the Celsius scandal.
- We might reach 25k, or even 30k in the short term, due to a small W pattern
- Bitcoin dominance has shorted 10% in the last two weeks. Yet again, USDT Dominance has fallen more than double, 20%.
- Therefore, I see a probability for a new low, or at least retest the 17.5k is around 70-80%.
Thanks and best of luck ! Always remember - buy high, sell low.
I MEANT buy low, sell high.