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Bitcoin BearishAs what was expected in my last idea we went up from 30k to exactly hit my last target and now i think nothing is changed that means we are going down 30K again at 30K lvl we have 2 choices : 1- we will have anogther xxz correction to end the wave 4 before going deeper to 20K lvls and it must be a triangle because we can not have 2kind of same correction in one wave i can not exactly say where the xx wave will end and the triangle will starts but i think it will be the 36k lvl or the 30k it depends on the price action at these levels 2- we do finished the wave 4 as my last Idea and now we are going down to around 20K to finish the wave A from the Main ABC corection we can decide when we see the price action at that lvls but it seems that we still need the xxz correctopn because untill now we did not see enough bearsh power please see my last idea to understand what i mean
Short
by bakir89
15
BTC Possible directionBTC USDT: Update, The ascending triangle formed inside of the big rising wedge A rising wedge is bearish, the ascending triangle is bullish, which one will be stronger? Now it looks like we broke down from this big rising wedge, but the lower support line of this triangle still holds... Breaking support of triangle would also be bearish, so we would have double confirmation of reversal to downside coming. We talking about chances here, but we should always have in mind that BTC knows to ignore this and to do something totally opposite...
by PhilosophersStone
LONG LOOM/BTCLoom is looking exceptionally bullish. Consider accumulating it slowly. Expecting 50% profit from LOOM. Accumulation level: 197 sats to 207 sats. Note: You can accumulate below the accumulation level as well if the price falls. Stop Loss: 183 sats. Target 1: 239 sats. Target 2: 267 sats. Target 3: 294 sats. Loom has great potential to grow so start filling your bag with LOOM. Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade. Do like, and comment below. Every single like and comment is counted.
LLong
by Dexter_The_Trader
ETH - Falling into Support - Analysis / Strategy ETH continues to trade inside its bearish trend setting lower lows/highs. As ETH prepares to enter the support zone short-term buying potential increases. Analysis: Per the conditions of a bear trend, we can fully expect ETH to continue to trade lower and lower. However, utilizing indicators and knowledge of previous support zones we see that ETH is burning a lot of "Strength" as it heads toward the 1500-1700 support zone. This suggests a potential bounce within the trend and potentially beyond. Strategy: I will look for buy setups when ETH is in two positions. A. inside the support zone and B. near the bottom end of the trend. Best of luck, Like/Follow for more.
BITSTAMP:ETHUSD
by JSR44
2
EURUSD Strong Resistance zones are ahead once again After previous successful long that we had, now price is hitting our resistance zones and targets on the previous chart : so we are looking for opening some short positions in best place available now : The first resistance zone that is strong once too is now 0.5% and 0.61% of the Fibonacci and the second one is the daily local resistance zone that both marked on the chart with orange zones. Targets and supports ahead : A. 1.1820 B. 1.1780 DISCLAIMER: ((trade based on your own decision )) <>
Short
by MMBTtrader
11
$BTC #Bitcoin Head & ShouldersPossible Pattern Forming on the 2hr time frame. Target of this possible H&S pattern is in the region of $35,000.00 and $34,500.00. Estimated time of the H&S pattern to complete it's formation if it is in fact one is 19.06.2021. This date coincides with my Death Cross which is on the Daily time frame. To have a look at the Death Cross chart please follow the link here: #Bitcoin Head & Shoulders Possible Pattern Forming Bitcoin-Death-Cross-Countdown to follow the actual live Death Cross with estimated time of crossing. For the H&S to become invalidated the price must reach the previous high or above the Head of the H&S. If this plays out then I will be opening a trade in the direction of the pattern which is a bearish pattern on confirmation of the breakout to the down side.
Short
by HybridTraderX
USDCHF Long, 1:6 availableGood morning ladies & gents, I believe USDCHF is ready for its bullish cycle going up, although there are many significant targets to the upside, I will trade this pair in chunks as its better for capital efficiency. After moving out of its low yesterday, USDCHF is sat in Level 1 Long. Price has traded down into the H1 Mitigation Block which overlays with the M30 Bullish Orderblock, from here I'm anticipating a lower timeframe break of market structure to the upside, followed by a retest where I'll be looking to take it long with these 3 objectives above as my targets. Let's see how it plays out! - AmplaFX
Long
by Jiraiya_eth
Small Timeframe - Fractal Wyckoff - BTCI've noticed several small timeframe Wyckoff distribution schematics unfold during this downtrend for Bitcoin., basically after every major impulse down. Wyckoff schematics, like most things in charting markets, tend to have a fractal nature. See attached article for reference. So it is no wonder when you have a large timeframe Wyckoff schematic playout, you will see similar schematics playout on smaller timeframes. This schematic is still premature, imo, and will have to monitor volume. Will it play out? Confluence factors: 1. FIB time lines up very nicely with the impulse moves and corrections thus far. 2. FIB speed fan has the current local trend bending into a equal triangle along the top for resistance (golden pocket 0.618 / 0.66) 3. Possible UT at the 8 FIB time where it meets the FIB fan at 0.5. 4. Possible UTAD at 0.786 resistance of the Trend-based Fib extension. This was a major support flipped into resistance level previously, and caught a major wick almost to the dollar just about 2 weeks ago around 45500. 5. The 1.618 Fib extension is also acting as support at the base of the triangle (around $31K). 6. First target based on a simple 1:1 from the height of the triangle gives us about 19873, and is right around the 2.272 Fib on the same extension.
BYBIT:BTCUSD.PShort
by DestinyJV
3
Dollar 90.00 Tapped!Please don't forget to give us a like and follow if you find our analysis useful. Prior chart: The dollar appears to be getting a second wind after big beats in US headline and core US inflation, even allowing for base effects that implied an upside bias to market expectations, but initial gains were swiftly erased and reversed to leave the index languishing below pre-data levels at one stage. Perhaps the Dollar took heed of the Fed’s view that spikes in CPI and other price metrics will prove to be transitory, though the reaction in US Treasuries and other global bonds has been more consistent with the reflation story. Back to the DXY, and a slow grind higher following comments from Fed’s Clarida who is equally surprised by the CPI prints as he was with last Friday’s NFP upset kept the index above 90.000 from a marginal new 90.153 low and seemingly refreshed for a another rebound to notch a 90.718 high. Overall further downside is expected over the next couple of weeks.
TVC:DXYShort
by FTUKcom
4
Ethereum 4 month trendchannel - Is this the top for now?Hello Traders I would like to share this chart with you. It is the 6 hour chart of Ethereum ETH. You can see here an almost perfect trend channel over a period of more than 4 months. Interestingly, we have now reached the exact top of the channel with the latest rise in Ethereum. There is also a short but very steep trend channel in the larger upward trend channel. The Price has now converged with the short and long trend channel on the upside. It is now good to watch what happens next. My idea is that there should first be a correction to the current sharp rise. So I am not a buyer of Ethereum at these levels now. I prefer buying at the lower boundery of the trendchannel because of a much better risk reward and less risk. If Ethereum does break out further upwards I would certainly place tight stops to protect profits. A next target for a breakout from this long-term trend channel would then be 4000 USD. Please share your thoughts about Ethereum. Do you think it will have a correction or do you think it will break the upward trend channel and continues to rise. Please explain not only your view but more important the how and why! In the past Ethereum was not able to breakout this channel so it is very interesting how it further develops!
by PegasusTechCharts
13
HOW TO DETECT TARGET ZONES?EURUSD (Forex): In the chart you can see my trading setup. The middle dotted trend line and the red zone act as resistance. Currently the price is rejected. First of all, this offers us a short opportunity. How can you find target zones? ❗️ To find target zones, I usually use distinctive highs and lows. In this case the green support zone. The first profits should then be realized in this zone. I also use the fibonacci tool to display possible zones in which I can sell. In particular, I pay attention to the 0.5 retracement in combination with the 0.618 retracement. In the chart you can clearly see that these zones roughly correspond to my own drawn zones.
Education
by TizTrader