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TPO

SNXUSDT at Support - Seeing confluence to go longSynthetix has been ranging between the current support of $2.95 and $3.60 I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply Confluence: 1. Fibonacci golden pocket area 2. Value area low of the fixed range 3. Possible Trapped short traders 4. Failed aution on a TPO (Time Price Opportunity) chart 5. Bullish divergence on the 15m (Vumanchu cipher b) Not Financial advice. DYOR. Papertrade before using real money. If you like this idea, please comment, give a thumbs up and follow for more ideas like these. Safe trading guys! Shawn
Long
by zartraderguy
2
WAVESUSDT Ready for another breakout today?Waves Had a run of about 75% to the upside yesterday to $7.27 This morning it dumped down to $6.10 Currently we are seeing a bounce off this area which is a daily support. If you aren't already in a trade, it might not be the best place to enter a long, but if you are already in the trade, it could be a reason for you to stay long. One of the reasons I entered a long at $6.22 because of what I saw on a TPO chart and footprint chart. I talk about likely reversal areas and where I am taking profits. Open interest is currently increasing, which is another reason to hold a long if you are already in the trade Not Financial advice. DYOR. Papertrade before using real money. Safe trading guys! Shawn
Long
by zartraderguy
Reason for the BTC Drop to $29000 and where to from here?In yesterday's video I spoke about why I thought Bitcoin could drop back down to $29000. 1. Volume was decreasing with price going up 2. Big longs were opening up at resistance In today's video I look at where BTC could go to in the next few days and see on the TPO and imbalance charts why price fell like it did. I am looking for a small retracement back to the POC and if we have strength in that area I will be going long. TP - back up at $31000 and if we break out, hold the position to $35000. Have a look at the video for an in depth analysis. Not financial advice, DYOR. Papertrade before using real money. If you liked this idea, please give a thumbs up and follow. Safe trading. Shawn
BYBIT:BTCUSD.PLong
by zartraderguy
35k BTC in June? The Bullish and Bearish argumentsBYBIT:BTCUSD Can we see Bitcoin reach $35000 in June? Or are we going to break down at the current levels? There are arguments for both sides: Delta is looking positive and we have reclaimed a previous Lower high. If we reclaim the Lower high at $32300, we could see this as a sign of strength. Volume is decreasing while price is increasing. This could signal a reversal. BTC has broken out of the $30500 resistance area and is looking to reclaim the Value Area High for the range, but TPO and Imbalance charts might be showing us what is ahead. Have a look at the video for an in depth analysis of Bitcoin. Not financial advice, DYOR. Papertrade before using real money. If you liked this idea, please give a thumbs up and follow. Safe trading. Shawn
BYBIT:BTCUSD.P
by zartraderguy
CHZ Possible bounce in Fib Golden pocket areaBYBIT:CHZUSDT Has retraced to a Fib Golden pocket area after making a local high. Awesome Oscillator and RSI look to be printing Bullish divergence on the 30m. Wait for confirmation. Look for longs in this area WHEN YOU SEE A SIGN OF STRENGTH - (i.e. swing failure pattern or morning star candle pattern) Possible Double bottom at Orange circle area. If no sign of strength and price falls through this golden pocket area (0.618 and 0.66 Fib), do not enter as market structure would have been broken. When price hits the short stops area, expect price to shoot up as those shorts covering will re enter the market as longs. These can be used as TP areas. Tight stops Not financial advice. DYOR. Papertrade before using real money
Long
by zartraderguy
CHZ Short IdeaBYBIT:CHZUSDT Order flow showing big longs that have opened at the top of the 30m candles. Swing failure pattern rejection has happened off the Value area high and Daily resistance, also a Fib golden pocket level. PSAR has already printed a short signal on the 15m and RSI in overbought territory. If 30m and 1hr prints sell on PSAR, this could potentially be a good trade. Long stops most likely placed between 0.1295 and 0.13120 as it is below the swing low on the 1hr. If price hits this zone, we will most likely see quite a few longs liquidated and a run down, possibly to the POC for a 10% gain. T P O Chart shows single prints below this level, which means price is likely to run down without much resistance to the POC. Ideally you would have entered around 0.13500, but Tight stops and Stops in profit if you decide to enter as price drops through the liquidation zone. Not Financial Advice. DYOR!
Short
by zartraderguy