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Btcusd 02 May 2022With the daily close of 1 May, with 90% confidence, we can assume that: BTC TOP is going to be around 40k BTC BOTTOM is going to be around 37k Since the opening of the candle we can see that slowly the market moved in the long direction, approaching the 39k area Our moving average rating, gaves us a LONG entry on 15 min at the beginning of the daily candle.(38300), and on 30min, at 38600 From Volume point, we can see that the POC is around 39k area, so if you dont want to enter now, you can until 39k is being broken and start the scalp position From the fundamental POV, news that can affect $/BTC ISM Manufacturing PMI (Apr) , where the current forecast is bullish. I believe currently we can scalp a long position, before we test the 40k area which we can use it as a take profit point and enter a potential scalp short entry .
INDEX:BTCUSDLong
by exlux
MTF Order Block Finder Final Update! Release Notes: FINAL UPDATE This script is Open Source and completely free and will remain public indefinitely! We'll be releasing a Private Script with extremely useful Alert Conditions in ~1 Week! Consider following my Profile to see updates regarding trial periods and subscriptions. Start using the Free version of MTF Order Block finder before moving onto the Premium version, with Alerts based on High Timeframe candles entering and leaving Order Blocks! How To Use Order Blocks 1. Set the "Resolution" to a higher timeframe than your intraday chart (1H, 4H, D...) 2. Configure your "Order Block Style and Colors" to your liking 3. Pending Trade Setup - Price enters and closes within an Order Block 4. Entry Condition - Price exits and closes outside of an Order Block 5. Second Entry Condition - Confirm with your favorite momentum indicator (RSI, Stoch, TDI, Squeeze...) 6. Set your SL to the Order Block's furthest level (top or bottom) 7. Set your TP to the next Order Block's closest level (top or bottom) 8. Brew some coffee (or tea) and ride it out.
Education
by DasanC
2
ADA - 4 HOUR Outlook - Bearish Signs BUT will it surprise us??With ADA being below the VWAP, I'm reserving the other half of what I plan to DCA into it until I see how this plays out... HVP indicator is looking interesting too; like something is building up, like a major move up or down... Indications are 'down' or questionable at best... Fibonacci from peak to bottom in this range, we've only penetrated the Golden Pocket once, and got kicked out of the Golden Pocket Club. LOL!! So, I say, "Cardano, please come on down, so I can DCA some more!" Be safe out there Kiddos!!
by CryptDude
Current 6 HOUR CHART PROJECTION of SUPPORT and RESISTANCE6 HOUR CHART Projection I believe if BTC were really going to finish off shaking the smaller fish out, it would've perhaps fallen out of this falling wedge by now, but I could be wrong. I will have to respect what the Fib is saying too, with regard to where we are right now. Price has not been able to break back up into the Golden Pocket Fib of the last pivot. That is concerning. I'm not saying it will in fact break down, but the technicals say it may, even though falling wedges usually yield the result of breaking out and up. But I will say that price has managed to cling just above the white dashed price line of support. If we do fall from here on BTC, I believe we have a very strong level of support to catch us, which is the other white line below, around 40.5k, and 38.6k is the bottom of that range... Below are some closer views along with the more zoomed out view of the mentioned areas of support and value. Be safe out there folks!! Keep your friends close and your stop loss closer!! - CryptDude (also known as CryptDollar outside the Discord world)
by CryptDude
3
BTCUSD Healthy RetraceHey folks, Pulling the Weekly BTCUSD chart today to see where we are in this pullback and breaking news... We're still bullish! Sometimes you just need to zoom out a little bit to see the big picture. We gained an important weekly SR level when we broke the 10K level (~$9948). Generally speaking, all important levels once broken need to be tested so we can confirm the direction of the trend. We did a perfect pullback to the higher 9Ks. Many expected 9.6K to fill the infamous CME gap. But what is the CME gap exactly? I'm not very compelled by the "fill the gap" narrative and I see absolutely no reason for CME gaps to be filled all the time. Gaps are simply symptomatic of the limited trading periods that CME operates on while we have an asset trading 24/7. There is no fundamental reason why these gaps would need to be filled. With that said, I'm expecting a bit of sideways from here. Drawing a fractal using the latest swing low PA shows a possible outcome. Note however that fractals are rarely repeated 100%. If BTC manages to close the weekly above $10,450 - $10,500 this should give a solid ground for bulls to step in. The next few weeks leading to the US elections will be decisive in this market on many economical and sociological levels. Keep an eye open on the SPX and stocks market. This dump was initiated by the weakness of the traditional market after favorable employment reports came out of the US and the US Dollar started to gain strength (look at the DXY chart). We are still very much correlated to stonks so further pain in equities could tank Bitcoin price as people run for cold hard fiat money, at least temporarily. On the longer term, monetary policies are still very much bullish for high-yield assets like Gold and Bitcoin. Patience and strong hands will be rewarded. The weaks will be devoured.
COINBASE:BTCUSDLong
by crystoba
GOLD - Break & Retest Waiting for GOLD to break one of the SR zones. After breaking, we put a pending order to the outer edge of the zone. Highly recommend to use Twin Trading, for bigger potential profit. Stop Loss - I'm using max 40 pips stop loss. The most important is, to put it behind the SR zone. But it all depends on your strategy and RRR. Take Profit - Put take profit at the next potential SR zone, but as i said before, highly recommending using Twin Trading (take profit for just one order, and at the second one just moving stop loss to the profit with market). At break&retest strategy even the smallest chance for one successful Twin trading can be highly profitable.
FX:XAUUSD
by ErikHupka
Multiple Indicators, S/R, and Sentiment for EURUSD Long positionEURUSD has been consolidating the past few days. I believe it will continue to push upward for 3 reasons: 1. Support has been found at the ~1.13500 level on the 4H and Daily time frames. 2. iTrend has given reliable bullish signals since mid-February. 3. Trading View's built-in sentiment analysis is heavily bullish on the 4H and lower. This affects trader psychology greatly and I think it is a nice form of minor confirmation. I rely on the iTrend on high timeframes to determine overall direction. I then use the Laguerre RSI & Fisher Stochastic Center of Gravity for successful entry points. I'm hoping to enter around 1.1379 (red dotted line) and ride out ~70 pips profit.
by DasanC