BTC trend analysis#BTC/USDT
$BTC broke down from the flag pattern and now is inside a strong descending channel.
now price is above the lower line of this channel.
🐻 break down the lower line from here can shape a head and shoulders pattern and drop price to somewhere around $16k.
but I think it's more possible to hold this support and has a sideways move here for several days!
then maybe another touch of lower line and after that attempt to break out middle line to touch the upper line of the channel.
Trendfollowing
Us30 Crucial PoiI personally believe that Us30 has retraced enough and there are valid reasons why I'm thinking price will push down and make lower lows. Price has delievered and liquidity has been taken. If you followed my previous analysis you might have even profited.
Good Luck!
KNC crossing up on 4hr ST Daily ST still longIn spite of our last mini crash KNC is still above it's daily trend signal. Looking strong this weekend and headed for new highs soon.
Time to go short on EURJPY ↘️It's time to go short as my EDGE trade script has said so.
Trend trade identified and entered.
Working H2 timeframe on EURJPY.
Trade details can be found on the chart in printed label.
All the TP values same in label as that's what I'm aiming for on this strategy.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Last shared idea on this trade hit TP lets see if this one can.
Thanks for looking
Darren🙌
EURUSD BEST place to short! Welcome back! Let me know your thoughts in the comments!
**EURUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
NZDCAD Correction to 50% FIB then SHORT!Welcome back! Let me know your thoughts in the comments!
**NZDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC dropped 8% after bear signal. More to come for Bitcoin?BTC dumped 8% (purple price range) after the bearish Supertrend Ninja - Clean signals (red vertical line on the background).
RSI at 36 is in the bearish zone. If we take a look at the RSI Brown, its in the oversold area. If we take a look at the Average Directional Index ( ADX DI) its still in the bearish zone. The red columns have overtaken the green columns. ADX (orange line) is looking to cross up the SMA (black line), which indicates the trend is about to get stronger. If so BTC will drop even more. Currently BTC is forming Leg B of the Elliot Wave. Leg C is obviously dependent on how deep Leg B will correct.
Fibonacci rectracement is drawn with orange horizontal lines. Next zones to watch if we break this support is 20,457 USD (0.618) and thereafter 19,164 USD (0.786). Support and resistances are highlighted as grey and light green horizontal blocks.
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
PORTO +282% after BULL signal 🚀🚀 Retrace imminent?PORTO pumped 282% (green price range) after the bull Supertrend Ninja - Clean signals (green vertical line on the background).
RSI at 88 is overbought. I do not see any bearish divergences forming on the RSI Brown or RSI on this chart. Although I expect a retrace to be likely before another run up. It really depends on BTC going sideways instead of going down more. If we take a look at the Average Directional Index ( ADX DI) its still in the bullish zone. Currently PORTO is way above its Basis Bollinger Band , Band Basis 20 Period SMA . And above the LSMA as well.
A healthy retrace first, before another run up to is a possible scenario. But it most likely needs BTC to go sideways for this to happen. Buying here is NOT recommended. Support and resistances are highlighted as grey and light green horizontal blocks.
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
Santos +449% after BULL signal 🚀🚀 Retrace imminent?SANTOS pumped 449% (green price range) after the bull Supertrend Ninja - Clean signals (green vertical line on the background).
RSI at 95 is heavily overbought. I do not see any bearish divergences forming on the RSI Brown or RSI on the daily chart. Although I expect a retrace to be likely before another run up. It really depends on BTC going sideways instead of going down more. If we take a look at the Average Directional Index ( ADX DI) its still in the bullish zone. Currently SANTOS is way above its Basis Bollinger Band , Band Basis 20 Period SMA . And above the LSMA as well.
A healthy retrace first, before another run up to is a possible scenario. But it most likely needs BTC to go sideways for this to happen. Buying here is NOT recommended. Support and resistances are highlighted as grey and light green horizontal blocks.
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
USDCHF possible SHORT SETUPUSDCHF structure is bearish, price has approached our point of interest (POI)... we can see some reaction on 61.8% fib level taken from previous lower-high to lower-low and a trendline adding a confluence of resistance. I expect this pair to continue down as indicated on the chart
S&P 500 Signalling Buying Opportunities?As expected, the S&P 500 has reacted to the daily 200 simple moving average
which is acting as resistance.
Basic indicators such as the moving average can tell us before the fact where
price may struggle and potentially reverse.
This move is not a reversal at the moment, a barrier has been formed, and it
will just take the buyers a bit more effort to break above this level.
We have seen some bullish impulsive moves recently, and if the long-term trends
are still intact, then the 200 sma should be broken soon, and then we want to
see price go on to create new all-time highs. Patience for now, but we may soon
be looking for buying opportunities again.
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We have a EURJPY alert 📳Long trade alert for EURJPY has signalled.
Trend trade identified and entered.
Working H2 timeframe.
Trade details can be found on the chart in printed label.
All the TP values same in label as that's what I'm aiming for on this strategy.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Yesterdays CADJPY share hit TP lets see if this Yen pair idea can also.
Thanks for looking
Darren🙌
Time for a long on CADJPY 💹I have a trade alert for CADJPY.
Trend trade identified and entered.
Working H1 timeframe.
Trade details can be found on the chart in printed label.
All the TP values same in label as that's what I'm aiming for on this strategy.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
Update DOGE: Up 28.73% ! 86% potential gains 🚀🚀Since the first post. Doge pumped 28.73% already.
Time to move the stoploss higher, to lock in even more profits. I'm not seeing any bearish divergences yet. Still enough room to go.
Let's see how high it can go!
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
NZDUSD time for a short ⏰↘️We start the week with a NZDUSD short trade .
Trend trade identified and entered.
Working H1 timeframe.
Trade details can be found on the chart in printed label.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURGBP - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my previous EURGBP idea, highlighted on the chart, we will be looking for sell setups as price approaches the green resistance zone.
on H1: EURGBP is forming a channel in red but the lower trendline is not valid yet.
So we will be waiting for a third swing to form around it to consider it our trigger swing.
Trigger => waiting for that third swing to form and then sell after a momentum candle close below the gray zone.
Meanwhile, until the sell is activated, EURGBP can still trade higher.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich