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BITCOINS chaotic price-action is causing confusionHEy tradomanics, looking at the previous price-action and momentum of BITCOIN we see a little bit of mixed signals and confusion. The recent wash-out and so called "flash-crash" is usually a strong indication for stop-loss-fishing and so a very bullish sign. All combined with an S/H/S-Pattern which should attract more sellers to save profits or to bet on shorts actually less necessary imo. If all this liquidity got grabbed by bigger players, we should actually see a reversal and so more strong momentum to the upside. Since we`ve seen another quick fakeout abpve the current trendline, the market continues to consolidate between the neckline of the S/H/S and TL. What do you think is going to happen with Bitcoin in short-term? Does that wash-out soon will cause another rally? Or will this S/H/S get triggered again?
BITSTAMP:BTCUSD
by Trading2ez
5
BITCOIN with probably 11% Correction!Hey tradomaniacs, Bitcoins price-action has formed an S/H/S-Pattern which should according to thge textbook cause a healthy 11% correction with the recent breakout if it gets confirmed as soon as the neck-zone gets re-tested. This correction would be very healthy for the current trend and could give bulls new DIPS to stack positions. Let`s see what happens :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
BITSTAMP:BTCUSDShort
by Trading2ez
1
DXY [USD Indeks] Movement for weekly (31 Aug - 06 Sep 2021)Hellooo...My Dragon Friends i see last Week DXY going down, follow powell speech at jackson hole sysmposium. i see this week, DXY going up, make right shoulder, go to 93.10-20, if break will going more up 94.20 (100 pips) but if retracement down, will valid make right shoulder and make SHS pattern, wait break neckling for confirmation DXY will go to 91.35-50 Lets See Happy Trading Smart Trading Money Management Risk Management Disclaimer On
TVC:DXY
by EdyDragon
BITCOIN is likely to break the SUPPORT at 30k!Hey tradomaniacs, this analysis doesn`t explain any fundamentals and takes a look at the volume aswell as the price-structutre. looking at the volume of BITCOIN I expect the support-zone to break soon for a short-term-correction and a trigger of the S/H/S-Pattern in the weekly-chart. Basically you can see a huge different in terms of absoprtion here in the chart as high volume and volatility seems to dissappear near the support-area. High volume, volatility and combined with fakeouts, or high effort and no result by sellers, are often a result of market manipulation and absorption as big players are making sure to get needed liquidity. Now the problem is that this support is obviously an attractive price for retailers to buy, which is why I expect move below the range in order to catch stop-losses. The effort buyers were taking are normally a very strong buy-indication, but since the slow and hidden distribution stops the bullish momentum we can assume whales are not fed-up yet and need more liquidity to boost the markets. To get this liquidity including lower and more attractive prices we could see another dump to washout weak hands which are sitting at this support-zone. The target for the S/H/S-Pattern is around 15k and could give us a very nice price to buy Bitcoin for Discount! Let`s see :-) LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
BITSTAMP:BTCUSDShort
by Trading2ez
10