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Bitcoin about to fall down?We are back with some Bitcoin ideas! We've been experiencing some big pumps for the last couple of months, from approximately 27k to 38k almost non-stop. If you managed to buy around or under 27k, congrats! So, what to expect next? To me it looks clear that btc is experiencing some hard times around 38k. We reached that level pretty quickly, but we've been there for almost 3 weeks, and btc rejected that zone multiple times. Bouncing that many times indicates there's a big amount of bitcoins ready to sell at that price or that there's no one willing to buy at those levels. This chart shows what is going through my mind right now. The yellow mark symbolizes the 38k resistance. It looks like btc had bounced from it ~4 times until finally broke through it. The problem that if find is that just after it broke through, it came back down . To me that's what people call "red flag". I feel like doing that movement is what is called a short hunting, looking to kill shorts and then make a big change on price direction. If you look back on the chart, you can see that this pattern happened many times. To me is a direct alert that something is about to happen. If we look on the red line, we can se an uptrend. It did not break any support until today, when we broke the support nº1. I still think we would need to break support nº2-3 to make it clear that we've got a trend change, but from my point of view support nº1 was enough for me. Looking at the left part, I cannot see any clear support under nº4, so all that zone is just liquidity. Probably breaking under nº4 means we are gonna visit low 30's or even high 20's, so keep that in mind. So, to conclude, my expectations are that we are gonna go down and visit low 30's-high 20's with a 70% chance. Btc has been pumping a lot recently, so we could expect a pullback at any moment. As I said, I still think we can hit 40k, but chances are not that great. I want to see how that 4h candle closes... if it closes above that nº1 line there's still chance to hit 40k. I do not feel that we are going to visit higher prices in the short term, so taking profits around 38k was my goal. Also we are approaching end of the year, so my expectations are that many people will take profits before vacations. Also we are entering on the "Christmas rally" zone, but I'm not sure how's that gonna effect bitcoin. So that's it. If you've got any questions, ideas or comments, feel free to say anything!!! :) DISCLAIMER: That's not a financial or investment advise in any case. That's just my opinion and my ideas. Always do your own research, and manage your capital with head.
COINBASE:BTCUSDShort
by LordSurri
Bitcoin - Back Inside The Range? 📦Hello TradingView Family / Fellow Traders, 📌 on Weekly: Left Chart As per my last analysis, BTC is still hovering around the 38,000 - 40,000 resistance zone. 🏹 To sustain bullish control and assert dominance from a macro perspective, a crucial requirement is a weekly candle close above 40,000. Such a development would likely lead to a parabolic movement, aiming for the 50,000 resistance level. 📌 on H4: Left Chart Meanwhile, considering BTC's proximity to a resistance zone, there remains a possibility of bearish intervention, potentially pushing it back into a range reminiscent of the 30,000 to 32,000 range. 📉 To trigger the bearish scenario, a break below the last significant low in red at 35,670 is required. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
EURSGD - Making a Complete 180Similar structure to the AUDSGD trade idea I just published, but I have a few more points to add here. I was originally short this pair. I attempted to make another attempt to enter short and ended up taking out a loss. Since price broke to the upside of this range, my directional bias has changed from bearish to bullish. Momentum picked up nearing last Friday's close and the moving average crossover is an indication of potential price acceleration for the week ahead.
Long
by FinancialGamblR
AUDSGD - Upside Momentum Picking UpThe Singapore dollar appears to be weaker against several pairs. I believe the "cleanest" setup is on the AUDSGD pair, but this signal also exist on the EURSGD pair as well. Price makes a new lower low. Price fails to push to new lows, confirming that the previous low point holds up. The third test and failure of forming a new lower low is a good indication that selling pressure has weakened. Momentum to the upside picked up last Friday going into the weekend. In addition, I'm beginning to see a moving average formation, which is a further indication that momentum to the upside is picking up.
Long
by FinancialGamblR
EURNZD - Downside Momentum PlayI see high probability to the downside for the week ahead. Here's a breakdown of the five key points I'm looking at. Price tops out in late-August of 2023. Price fails to push above previous highs, which serves as another indication that this range marks a relative high point for this pair. Price re-enters this range, but sits lower than the previous high at #2. Very repeatable pattern as price re-enter a lower range. Watching the break and waiting for momentum to pick up to the downside as price is beginning to accelerate last Friday.
Short
by FinancialGamblR
1
AUDUSD - Trend Formation?Early last week, traders started taking profit on US dollar long positions in anticipation of an end to rate hikes. The Federal Reserve shared a sentiment that there likely won't be any further rate hikes, but they will remain elevated depending on how inflation figures come out. From a technicals perspective, I am beginning to see some major shifts happening. Over on the AUDUSD pair, there are two key points I'd like to point out. Price breaches above a consolidation, which I mark in a style similar to the Darvas box system. Simultaneously, the moving average crossover is a further confirmation that price momentum is accelerating to the upside. This pair closed off strong last Friday so I do anticipate seeing a smaller pullback on Sunday's open before a further rally to the upside.
Long
by FinancialGamblR
How to trade Double Tops to the Short Side using 1 hour barsI always ask myself: What's my favorite chart pattern for finding high probability entries? I look at my stats, I look at my various strategies, and I always find I like one type of trade best: Trend Continuation trades using double tops for shorts and double bottoms for longs. The strategy is simple: Using 1 hour wickless bars, (I'll show you how in the video), identify a trending stock by seeing where price is clearly up or down, then identify a double top or double bottom occurring along the trend. When you have two confirmed tops or bottoms, get short or long, as the case may be. The patterns really do come in all shapes and sizes, but they are best when they occur along a resistance line, be it VWAP, a 20 EMA, or some other. They also can be confirmed by looking at your RSI chart which will indicate clearly two v bottoms for a long entry or two peaks for a shorty entry. Seeing where on the RSI chart these double patterns are forming is also instructive. Longs should show up on the RSI chart as a pair of v bottoms occuring at the bottom of the upper half of the chart, above the 50% line. Shorts should show up on the RSI chart as a pair of peaks at the top of lower half of the chart, just below the 50% line. Because you're using 1 hour bars to find entries, it naturally stands to reason that your setups will trigger at the top of the hour, when there is typically a burst of volume. If your analysis is correct, that volume burst will push your trade in the proper direction within seconds, so if you like instant gratificatrion like I do, you'll enjoy that aspect of trading this way.
CAPITALCOM:US100Education
by BlackCar
APE/USDT 1D. Idea. Huge pump soon. Explanation of the chart.Hi everyone. Been out for a while, there's a reason for that. Market consolidating, no need to update much. Now we're on the verge of the beginning of the somewhat altseason. So now is the time to update. Let's make a small remark, Others.d chart(capitalization of top 150 altrcoins) has pumped 20% today, huge sign for altseason. Now let's dive into this coin APE. There's a big Pump group in this token hence a movement is expected. There's 3 types of trend as for the DOW theory. Main trend, Secondary trend, local One. Let's analyze this chart with this trend theory. The main trend(here's not the all history of the coin) - Downtrend, shown as red on the chart. Secondary trend - downtrend channel. Local trend - falling wedge, where the resistance confluences with the main downtrend. Right now we're staying near under the support of the downtrend channel - here's also the support of the broken down local falling wedge. It's called a confluence of 2 zones - better seen on chart, where 2 levels become as one point. We've broken down the downtrend channel(it's called a deviation). Consolidated there for 66 days. It's a good sign for the future pump, because paperhands are thrown out of market(no understanding of market cycles -> leaving the market). As soon as we break this confluence zone up and got back into the channel - a potential to the resistance of the channel is opened. It's about 133% which is shown also on the chart. After we got into the channel - only main downtrend line which is also the resistance on the wedge will hold us. When we break this one - free road to the resistance of the channel is opened. This is about 4.8$ zone. Now notice that we've reached the 1.6$ zone, which is often the bottom zone for the crypto assets. The easiest example is Bitcoin at 16666$ zone and then the reversal, but u can find tons of such example if u look into it(one that comes right now to my mind is UMA - pump from 1.6$ zone, another one is T coin(T/USDT) - accumulation in 1.6$ zone in the beginning of 2023 then pump 400% something like that). I write a lot about it in my ru Channel, but now i share it here also. This is not the typical stuff u will hear from traders, and u may think it's foolish when u first look at it, but it works and u may check this out for ur self. Maybe later i will share why it works. But the main thing it works. Also notice that 16x3 is 48 whish is the target for this coin. 48 has it's numerological meaning. This how the magic of numbers works. Don't think about it, just feel it and use it for better understanding. Capitalization of the coin is 777m$ as for the august 14th. x2.5 pump is about 2b$ which is not that much, so can be realized. On the daily chart we also have the bullish divergence(triple(3)) on the RSI, this may be used as the addition to the all aforementioned. Consider the price moves with the market, so don't expect it to pump alone tomorrow for 130%. It takes some time.
Long
by TradingTsar
GBPJPY: Trend is still bullishFrom a technical point of view, the trend is bullish on intraday chart, and OANDA:GBPJPY pair could trigger another bullish leg in the short term. If we look on 1H chart, the price remains within a narrow trading range, and this means volatility compression. In this technical context, if the price remains above 184.552 a breakout on the bullish side should be logical. If this happens, we will need to look for potential Targets and in this case the formation of a Harmonic Pattern could help us. If we look at the harmonic structure (for us it's bullish) in the window, we see 2 Targets: 186.34 and 186.83 . HARMONIC PATTERN ZOOM ========================== TRADING STRATEGY ================= If this analysis is correct, wait for the completion of wave 1 and try to take a long position on retracement, with stop loss below wave 1 or better below 184.552 Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
12
SOL 🎵 Playing Out LoudHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Weekly : Left Chart 📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase. H4 : Right Chart 📈 From a medium-term perspective, SOL is still bullish trading within the green rising broadening wedge. 📉 SOL will remain bullish and we will be looking for trend-following buy setups after every correction, unless the 50.0 support is broken downward, in which case a bearish correction would begin. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
NEARing A Strong Support ✅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BITRUE:NEARUSDT has exhibited an overall bullish trend , trading inside the rising broadening wedge in red. At present, NEAR is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting a strong support/structure marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #NEAR approaches the lower 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
by TheSignalyst
USDJPY - Follow The Bulls ⤴️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 FX:USDJPY has exhibited an overall bullish trend , trading inside the rising channel in red. At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a previous major high marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDJPY approaches the lower red 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
by TheSignalyst
3
USDJPY - BEAR STILL KILLING - But Be CarefullBe Careful with the hidden bulls at this level today Nov 21 2023. As of the latest market activity, the USD/JPY pair has shown bearish sentiment after moving below the 149.00 level, which is near six-week lows, as per technical analysis reports. It's trading around 149.00 following a 23.6% Fibonacci retracement. Technical indicators are suggesting that there is a bearish sentiment to navigate​​. Further technical analysis indicates that a weekly doji candle at 150.00 has provided a bearish signal, with market events triggering a “risk off” response. This may have been influenced by key US data that is expected later in the week, which will bring both the Japanese yen and the US dollar into focus. The yen is often considered a haven currency and could react to market sentiment and upcoming economic data​​. On the more immediate horizon, the USD/JPY has seen sellers push the price back below 140.00, and it is showing an extension of that pullback, testing below the Fibonacci level at 139.59. The price remains above prior resistance with a few notable levels, including 138.75, which was last week's resistance​​. The technical outlook highlights a break in the November opening range for USD/JPY, with potential exhaustion or price inflection into confluent support at the 147.68-148 range early in the week. There is also resistance at the weekly open eyed at 149.60, with bearish invalidation now set to the 2022 close-high​​. Lastly, the USD/JPY failed to break through the 151.93 key resistance last week and has fallen sharply since. However, the downside has been contained by the 149.17 support so far, and the initial bias remains neutral for the start of this week​​. These analyses suggest that traders should keep an eye on key support and resistance levels, with a bearish sentiment currently prevailing. Upcoming economic data releases and market sentiment will likely be significant drivers of the pair's movement in the near term. Investors should monitor these factors closely to inform their trading decisions. Look my análisis and give me your opinion at comments drive.google.com here:
Short
by BBSignTraders
BTC - The Bulls Are Strong 💪 For Now!Hello TradingView Family / Fellow Traders, 📈 BTC has generally exhibited a bullish trend from a medium-term perspective, trading within the ascending broadening wedge outlined in red. In our last analysis, the bears took control in the short term last week by breaking below the last minor low in green. 🏹 Subsequently, we sought buy setups around the lower bound of the red wedge , and confirmation came after breaking above the blue high. Therefore, BTC is anticipated to maintain a bullish trajectory, trading within the rising wedge in orange, with an expected movement towards the 38,000 - 40,000 resistance zone. 📉 However, unless the lower orange trendline and blue zone are breached downward once again, we should anticipate another bearish correction until reaching the lower red trendline. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1