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Sideways

JICPT| Crude oil moving sideways(buy low sell high)Hello everyone. Crude oil has formed a range as marked on the chart, with the bottom of 93.25 to 95.25 and the ceiling of 114.61 to 117.67 . The bottom has been tested once and bounced back with news that EU may ban the Russian oil. Now the war has been over 10 weeks. I have the feeling that the focus starts to move away. I recommend not doing anything as price sits in the middle of the bottom and ceiling. By setting up the alarm, we can reminded to have a look at the arrival pattern and price action then.
OANDA:WTICOUSD
by JICPT
0705 USOIL wkly plan to buy to 112-116 zone Hello traders, Being such a long time. Hope you guys all good with novel coronavirus in the last 3 years. I am back now! Check with USOIL first since war between Ukraine and Russia has push all prices up, exp OIL. This chart on 4H CHART for USOIL is telling a story that 112-116 will be the next target zone for buyers. USOIL has been running sideways since last Wed. This is a 2th ABC or Z correction. And all running above the support EMAS. It is very possible for usoil make a breakout up to test 112-113 zone first, then 116. Plans for next week on USOIL is to find out entry confirming signal on 30m/1H chart. Good luck to this plan to buy. Less is more!
TVC:USOILLong
by FUNTRADER-Vera
2
JICPT| EURUSD bullish setup on bottom of the SW structure!Hello everyone. EURUSD has been down by 15% from the peak of 1.23ish created in Jan. of last year. Now, it's approaching the the bottom of the big sideway structure with previous low around 1.0355 to 1.0479. My trade plan is as below: 1. bullish long setup: After hitting the zone(1.0355 to 1.0479), looking for signs on 4H for reversal pattern. 2. bearish short setup: if the zone(1.0355 to 1.0479) is firmly violated, it indicated that downtrend continues. The potential could be 0.95ish. As the mirror of the Dollar index, the EURUSD has been weak due to the Fed's interest hike and the war. Let's see if buyers jump in at or in the zone! What do you think? Give me a like if you're with me.
Long
by JICPT
ICP needs to range sideways to gain buyer confidenceICP has been one of the worst performing assets in the market. However, it has very strong fundamentals with a ecosystem that is growing at breakneck speeds. With all of the mistrust surrounding ICP in the markets, I think ICP in the short term is likely to visit ~$22, but NEEDS to range sideways for a considerable time gain buyer confidence again and make serious moves to the upside. The seller momentum is likely to be be high still and any gains seen may be quickly erased. So if ICP ranges sideways for a month or two it is likely to attract more buyers to and gain real momentum in the upside again. Bulls need to defend the $15-17 support range.
COINBASE:ICPUSD
by botkiller3000
1
Calling all Range Traders...Good Evening Traders, I hope you're doing well today. I wanted to give a quick update and clarification. As you can see in the chart above I had created 2 boxes. These are ranges I believe we will continue to stay in until the price discovery is more certain and market decides whether we're in a Bear or a Bull Market. Now, it's rarely talked about, because a lot of traders and investors see things in black and white, bull or bear, up or down; when really there's another direction and classification that I'd like to speak about. It has other names, but I call it a Ranging Market; this is when the market trades in ranges rather than trends; trends being uptrends (bull - HH & HL's) or downtrends (bear - LL & LH's) . What is a Ranging Market? Ranging Market's are opposite of Trending Markets (bull or bear), ones in which the price continues to move between higher prices and lower prices; the price action is range bound and moves mostly sideways. The range of prices can be small or large. If it's small price movement, it's typically referred to as chop, consolidation, or more plainly, 'sideways action'. Most only consider it for a short period, such as hours or days, but in reality they can last weeks or months. Now why the brief lesson on ranging vs trending markets? I believe we're in one, and they require a change to both analysis and trading techniques; we can skip the latter.Assuming I'm correct, which I could be wrong, knowing that we're in a Ranging Market (for likely a week or 2 more) should dampen the idea that a big breakout to the up or downside is right around the corner and any wave analysis may need some adjustments as well. With all that said, the above chart, which is still just a continuation of my January chart , shows the levels I believe we're still ranging. Let the 200MA be your guide. As the chart above shows , the H&S top (mid-candle right where the arrow down is on the left) that resulted in the 1st Lower Low (LL) shown, then moves up to hit a double top budding up against the 200MA resistance, then dropping to a recent Lowest Low around 410, bounced with high Relative Volume up... Went just above the trendline, pops back down quickly forming a double bottom... another weekly run up to the 200MA with a little more bullish confidence, moving just over the 200 to hit a fib/resistance for what looks like another bounce (although it is still hugging the 200MA, so we could see another try by the bulls, otherwise) toward the trendline around 439 or if that breaks 435-432. Just looking at the PA one might think, well obviously, it's a bear market..20% pullback..Going to tank soon...While the Bulls see we just hit a recent lowest low, that must have been the bottom... Neither are what I see. I see a bullish runup to the double bottom almost identical to the breakdown that followed, then a bullish gap-up, bearish gap-down, and yet again another bullish runup... Are we seeing a pattern here? Anyway, I hope you're doing well, whichever side of the trade you choose to be on. Comment, like, share, support, follow, etc. Cheers, Mike (UPRIGHT TRADING) Referenced January chart:
AMEX:SPY
by UPRIGHTTrading
Bank nifty long position Hi Traders.... Hope Everyone is doing Good :) Here are some important levels of Banknifty. As you can see yesterday Banknifty moves in a fixed range try to break 35800 level but can't... Today Banknifty gives a Gap-up opening and if you see banknifty on bigger time frame there is a good resistance at 36620-36750 Today's Trade and condition.... 1. If banknifty breaks the level of 36750 the only level where i'm comfortable to buy CE after this banknifty is fully bullish.. 2. If banknifty take resistance at the level of 32650 then go for PE 2. If banknifty breaks day's low then go for PE Tip: Avoid trading if you can't predict the market behaviour also if market goes sidesways totally avoid the trading. Save your capital. It's not necessary to trade everyday in the market.
NSE:BANKNIFTY
by StockSelection
We have weekend ranging on BTC again?!Last two weekends everybody how fallow me knows that we have been trading the range over the weekend. In most cases we are trading in the range over the weekend bacause of the low volume and lack of big players involvement. Just last week we have won 7 trades and lost just 1, i hope we are getting this weekend ranging market again. If you dont know how to identifay ranging trands you can look at my profile where i explained my strategy. I wish you good luck and trade the range until it breaks. Last week we got nice ranging, what do you think are we getting ranging again? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
by Mladen94
Bitcoin Daily Chart - Wyckoff Distribution and Downtrend BreakAs the majority of traders have began showcasing various bearish signals, it is important that at this moment we zoom out of the chart and we observe the longterm pattern that has been created. On the daily chart we can observe a potential Wyckoff Distribution being completed which should continue with a downtrend. As of today, bulls are attempting to break off from the downtrend and enter two possible scenarios: - a shoot to ~47,000 breaching the strong resistance at ~45,000 which has already been tested several times. - sideways trading to consolidate the downtrend break, and build new support before finally attempting to pump in the ~50,000 price range. We are still considered to be in no mans land until a confirmation appears. The most likely scenario is sideways training and here is why: 1. FED actions to taken in consideration 2. Russia - Ukraine situation. Ukraine deciding not to follow their NATO membership ambitions is a positive step towards temporarily resolving the tense circumstances at the border. 3. The crypto ecosystem is technologically booming. A 12-24 months bearish crypto market does not represent the logical uptrend of the overall crypto world, unless external factors are significantly negative.
by UnknownUnicorn35305092
2
IS BTC ON A BEARISH MOVE???The weekend started horribly wrong for BTC. A -13% drop on a single day is no joke. Two different scenarios both bullish and bearish within the last 24 hours. Looking into the current situation, BTC is holding good support at the $37700 level which is a crucial point for BTC. If this support level breaks down then we may see BTC dropping as low as $34k. A bounce on the other hand will be a relief for time being. My biased is on the sideways. I believe that we may see a side-way move forming a parallel channel. But if the market drops then $34k to be the next support and if the market pumps then $40k will be the resistance. Let the market decide where the next move will be. Stay safe and trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader