Gold is going up. LongGold is going up because demand has come back. I expect it to rise until it shows lack of demand on short term.
Supply Zone
CSPRUSDT | MT Long H4 | Casper NetworkPair: HTX:CSPRUSDT
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on H4 time-frame
- Price action is close to bottom of a Parallel Channel
- Price is entering a Demand Zone (Yellow area @ Current rice)
- Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just before Supply Zone)
Fundamental Confluences for Trade:
- Nothing much to talk about Crpyto fundamentals, too many tokens to look at and just look at it as a trading pair with liquidity
Suggested Trade:
Entry @ Area of Interest 0.02700 - 0.03230
SL @ 0.0246
TP 1 @ 0.0389 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.0453
Risk-to-Reward @ Approx. 2.51 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
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SAGA - high risk scalpI am very curious about this one...
SAGA doesn't look good compared to others and has shown a lot of bearish market structure to the downside, with losing the monday low and the low volume node zone below it is appears as if SAGA wants to come down to the levels of the surge last week. Would be a high RR setup but a very risky on.
BTC could give the momentum in both sides but primarily I am expecting a slight move down for BTC before continuing this bullish pattern, maybe this could give SAGA a little shakeout here. If you take it please manage your risk accordingly and do it on your own research 🤝
EUR/USD Shorts to Long idea My bias for EURUSD is similar to GBPUSD, as I'm seeking selling opportunities towards a demand zone. There's a 10-hour supply zone that I'm eyeing for potential sells to continue the downtrend. I'll be waiting for a high to be swept during a Wyckoff distribution before entering my sell positions.
Following this, I anticipate price to decline towards the 3-hour demand zone, which coincides with the 3-hour demand area for GBPUSD. I'll then look for a Wyckoff accumulation phase to ride price back up and fill in the major imbalances left from the upside.
Confluences for EU Sells are as follows:
- Price has been very bearish recently and confirms this via continuous break of structures.
- Good 10hr supply that has recently been created which also caused a BOS.
- Theres an imbalance below that needs to get filled as well as lots of liquidity to be taken.
- The overall trend of the market on the higher time frame is bearish as well.
- DXY also looking bullish as well and it's aligning very well with EU's Zones.
P.S. If the demand zone fails, it will break a significant level of structure, making selling positions more favorable. Currently, bearish momentum remains strong, and I anticipate further downside movement.
Have a great trading week remember risk accordingly and maintain emotional discipline!
US30 USD meltdown (Shorts from 38400.0)My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend.
I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of Structure (BOS) to the downside. Once we experience a pullback, I will seek a redistribution pattern on lower time frames to initiate sells in line with the prevailing trend.
Confluences for US30 sells are as follows:
- Price played a Wyckoff distribution on the higher time frame and had a CHOCH.
- Continuous breaks of structure have occurred to the downside with strong momentum
- Few clean supply zones have been left including the recent 20hr supply.
- ATH's has been taken, and enough liq has been grabbed to start pushing price down.
- still lots of liquidity and imbalances below that needs to be mitigated.
P.S. Alternatively, I will wait for the daily demand. If price continues to decline, I can capitalize on a retracement back up to the supply zone, making buys a potential option this week. Wishing you all a successful trading week!
UNI: 8$ is Near 🧐 🧐 🧐UNI has been trading in a large bullish flag pattern on the daily timeframe. The price has been respecting the boundaries of the flag and making lower highs and higher lows. However, the price has recently failed to react to a break above local highs, indicating weakness and a possible further decline.
The bullish flag:
The bullish flag is a bullish continuation pattern that is characterized by a period of consolidation following a strong uptrend. The consolidation period typically takes the form of a pennant or flag, after which the price breaks out and continues its upward trend.
The failed breakout:
The price broke above the upper trendline of the bull flag on March 8, 2023. However, this breakout was quickly reversed, and the price fell back below the trendline. This failed breakout indicates that the bulls are not yet in control and that the price could be headed lower.
The downtrend channel:
The price has been trading in a downtrend channel since the failed breakout. The channel boundaries are defined by two parallel trendlines, one connecting lower highs and the other connecting higher lows. The price is currently approaching the lower trendline of the channel.
The support zone:
The $7-8 area is a strong support zone. This zone is defined by the horizontal levels of previous lows and the 200-day moving average. A bounce off this support zone could be expected.
The target:
The target for the bullish flag pattern is $16. This target is defined by the height of the flagpole, which is the distance from the start of the flag to the breakout point.
BTC - Follow The Flow 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish , trading within the rising channel in orange.
Currently, BTC is in a correction phase, approaching the lower bound of the channel.
Moreover, the highlighted red zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red demand zone and lower orange trendline.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC/USD analysis in 4h timeframeAs we expected bitcoin made a new all time high $73000 area and collect the liquidity over the last ATH $69000.
price is in a trading range between $60000 / $74000.
New flag limits are marked on the chart.
Bitcoin is forming a wyckoff structure and if it ingulf $58000 / $61000 demnad zone it will confirm the structure.
If the WYCKOFF structure is confirmed, price my fall down to $52000 Demand zone.
Otherwise if it gives us a bullish signal on $61000 Demand zone it will be a good investment too buy some #BITCOIN .
$BTCUSDT in a bearish patternCRYPTOCAP:BTC has a strong bearish resistance line just above. We should get another rejection off the line and then downward movement. This movement should be halted around top of demand zone (65600) with ultimate support @ 65300. Will be a solid play to enter long from this price point.
BTCBitcoin is currently experiencing a drop in value, and there is a growing concern that the uptrend may come to an end. As a result, it is expected that the price will continue to decline until it reaches the 60,000 level, where it is anticipated to gain new momentum. It is important to take advantage of this bearish correction, but also be cautious when trading against the trend. Avoid risking more than your predetermined loss limit, and good luck.
Nasdaq Hello traders, I hope you are doing well this week. Based on my analysis, the Nasdaq is currently sitting at a support level. However, if the bottom is formed above the expected low bottom, we may see an upward trend.
USOILBased on my analysis of the USOIL market, it seems that the trend is still strong and there is a consistent demand for buying. In order to avoid losing your money, I would recommend focusing on buying deals only. You should wait for the price to return to the support level, and even if it reverses, you should still consider buying. Remember to always follow the trend and good luck with your investments.
Ethereum BullishEthereum Bullish
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
EURCAD possible shortPotential short opportunity from this supply zone on EURCAD if price were to pullback and fulfil the imbalance it has left behind. We are in an overall downtrend on the hourly timeframe, so for me, I'm on the lookout for selling opportunities. I like this supply zone because it has created a break of market structure to the downside which tells me it is a strong high which institutions may fight to hold. If price does retrace and mitigate said supply zone, I myself will be awaiting a further confirmation before entering a sell position to the low of the leg.
EUR/USD Bearish outlook and potential sells from 1.08200My perspective on EU is to anticipate its bearish trajectory. With recent downward structure breaks and its arrival at a demand zone, I foresee potential failure to breach deeper levels or ideally a retracement to touch either of the two newly marked zones at points (A) and (B). Following this, I'll be on the lookout for a wyckoff distribution to initiate selling to sustain this trend, as my bias for this pair remains bearish.
While there's a similarity between EU and GU, EU is already within the demand zone, where I expect a bullish response, unlike GU. Therefore, I anticipate GU to rise before a drop, similar to this pair. It's worth noting that immediate buys might not be ideal, especially considering Monday's bank holiday for EUR.
Confluences for EU Sells are as follows:
- Price broke structure again on the higher time frames.
- Overall market trend is bearish so this aligns with the overall bias.
- Two new supply zones emerged near current price in which we can expect a bearish reaction to take place.
- Lots of liquidity still left to the downside that needs to be taken in the form of asian lows.
- Price might currently undergo a retracement back to an area of supply as its in a demand right now.
P.S. It wouldn't be unexpected if the price continues its ascent and reaches the 4-hour demand zone adjacent to the imbalance, a significant area I'm closely monitoring. However, I am anticipating a bearish descent from the recently established supply levels.
Have a great trading week guys!
EURUSD,15m 30 March 2024my 15m Trading Range is the current internal range of 4h timeframe
I marked 3 potential reversal Supplies
GOLDGold is currently trending upwards towards a new peak. Wait for the price to rebound to the support level before entering a purchase deal. Good luck.
EURAUDEURAUD rebounded strongly from the area around 1.66120. It has been confirmed that it will continue its downward trend and any correction is expected to be short-lived. Therefore, a sell deal is recommended. Good luck.
GBPAUDGBPAUD's trend has shifted from bullish to bearish. Take advantage of this opportunity to sell and sell again during any correction. Good luck!
USDCADUSDCAD has completed an upward trend and is now focusing solely on sales. Wait for a correction before considering selling. Do not think about buying. Wait for the right time to sell. Good luck.
USDCAD USDCAD is nearing a support level and could rebound to the upside. Wait for the support level to enter a buy position. Good luck!
USDCAD After breaking the downtrend, USDCAD is in an upward trend. I am waiting for a price correction to take a buy deal. Good luck to everyone.
