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Turtlesoup

Bitcoin (BTC/USD) 4H Analysis – Long Position Based on Reversal Bitcoin has shown signs of a potential reversal on the 4-hour timeframe after a sharp breakdown below support, which appears to be a classic liquidity grab or Turtle Soup setup. This move likely aimed to flush out weak hands before a possible bullish reversal. A key 4H candle, forming a doji/hammer pattern, signals that selling pressure may have been exhausted, increasing the probability of an upward move. Based on this confirmation, I have entered a long position, anticipating a recovery toward previous highs. My stop-loss is placed just below the recent low to manage risk effectively. If Bitcoin holds above this level and gains momentum, I expect a retest of previous range highs and potentially all-time highs. A breakout and close above the 109,000 resistance zone would further validate the bullish case, while failure to sustain support could invalidate the setup.
BITSTAMP:BTCUSDLong
by Norsefx
The Trump DumpCaution to the sensitive bulls, you're not going to like this one... I know we all like hopium and up-only charts, but this isn't it. Those only exist in fairytales. This is trading and we have to stay grounded if you plan to actually profit outside of the HODL philosophy. The truth is that elections don't matter, new events doesn't matter. At least not how the majority thinks they do. These events merely mark points in time, they can be catalysts or pivots. But those time points don't care about your philosophy on the actual event. Let the emotion and philosophy in and you'll lose, guaranteed. Close those out and look only at the charts, using those events to understand important time points to pay attention to and you might see that this one is going to be critical. On a macro picture, this market structure has been clear, simply a series of expansions and ranges (I know, obvious, this is how all price moves). But recently we had a strong expansion beyond the all-time high, which might seem bullish at first glance but is going to be a liquidity trap in hindsight. On a more local view, we have our range forming after this larger expansion and that range has already generated a fakeout higher and come back into the range, with the next breakout of the range to be to the downside. I do not trade blind FVGs or other ICT stuff, but there will be a lot of hindsight analysis from people claiming that this daily FVG was obvious. Combine this with the important time events that has everyone so bullish, like elections or whatever, and you have the perfect recipe to wreck almost everyone. From here, I am looking for AT LEAST a 30% drop . Targets may get lower as data comes in, but keeping it conservative until more high timeframe candles come in. You may disagree with the post, but at least it has a clear bias.
CRYPTO:BTCUSDShort
by Obscure_Trading
Don't go chasing the Gold RushGold has had quite a year, but I’m here to speculate that the run is nearing its end. The focus is on lower targets. Until that level is hit, the framework for trades remains bearish. Whether you’re taking smaller trades within the move or holding for the broader swing, the direction is clear: bearish until proven otherwise. Targets may shift lower as new data comes in, but the current target is set in stone. Invalidation level is the current all-time high at 2800
FOREXCOM:XAUUSDShort
by Obscure_Trading
Dogecoin - False breakout in play?This is an update to my previous post about Doge. Last analysis was a bullish triangle play, the analysis has now been changed alongside my view on this coin. Price have printed a turtle soup at the recent high after a good run to the upside. Price have broken out of the pattern and now retested. I am now short based on the retest with a SL of 0.4360 I am now curious to see if my thesis is right and if Doge rolls over i will taget 0.15 area where we have a old major channel that is visible on the 4H if you zoom out alot.
Short
by Norsefx
5
Long Nasdaq Turtle soup from potential Low of weekSeasonally bullish July. HTF still bullish imo. Turtle soup long after deep sweep of Weds 3rd July low and after touching +bkr 4hr CE, and after reaching ABCD down projection. Ideally now i want hourly bodies to respect one of these levels, and us to get a lower timeframe break up in structure. If it keeps spooling down all day, then i'll take the loss. -NQ has been very much weak sister for many days now, feels to me like it's time for it to start showing relative strength now and and become the stronger sister to ES. -Seeing if we put in Low of week here in the opening hour, or later today. -Buying around the ABCD downleg projection, and the +OB wick CE W -Stop below +OBMT W and just below an old daily low (Tues 2nd July): Basically full exit/loss if we properly lose the +OBMT W below. -Ultimate target is the nice 20600 ABCD confluence (ABCD projections align here from both the 2023-2024 swing and the June'24 swing). Gut says we have NOT properly topped in indices. -Will take paritals at FVG H nearby overhead, and move stop for remaining position to breakeven. -Will take further partials and trail stop if we breach ATH Nasdaq. -Will take last of position off at the beautiful ABCD projection confluence 21600, if we get up there before early August. -If this runs up, i'm willing to hold til the end of the month (Indices are seasonally bullish in July) -For confirmation of shift back to bull in earnest, i want to see the FVG H above us 'flipped' bullish (resist, small retrace, then power on up through it) *Note to self: i should really wait to enter after getting low timeframe confirmation of a bottom, but i'll be totally honest: i want the satisfaction of potentially catching the low of week; I accept the risk of price just spooling on down and stopping me out today. **Just an idea for paper trading, not financial advice
CME_MINI:NQU2024Long
by twingall
GBPUSD: False Break Prompts Bullish MomentumCurrently, GBPUSD has exhibited a false break of structure, commonly known as Turtle Soup, suggesting a potential bullish draw towards the daily Fair Value Gap (FVG) . Price has retested an m15 bullish order block, indicating a possible bullish continuation. Alternatively, price may reach the H1 Order block, where a confirmation entry can be sought for a buy opportunity. Please note that I will be closing my trade at 12 PM NY Time as I cease trading for the day. Kind Regards, The_Architect
Long
by The_Archi-tect
EUR/USD Scalp IdeaPay close attention! This is the Last 7 Days (Trading Days ofc) ! I drew the London Session's Low , You see Every time we Hunted the London Low in NY Session and Reclaimed it, So We had a Scalp Chance to Long at London Low and Take Profit after 24 hours. the only day that we didn't reclaim London Low, it was Thursday and the price was effected by the news. Thursday's News: 🕯USD: Core PPI m/m 🕯USD: Core Retail Sales m/m 🕯USD: PPI m/m 🕯USD: Retail Sales m/m 🕯USD: Unemployment Claims Do you Think we Should keep using this Pattern for the next couple days? How we can improve our Stop and TP?
Education
by rohi99
Possible ES MMBM in play for the rest of the week.I'm looking for possible MMBM in play for the remainder of the week. Reason being since the market opened on Sunday it has been seeking SellSide liquidity exclusively with today trading into a discount liquidity pool after the lunch hour. While certainly there is room for further downside expansion, I believe that the market could begin trading back into its weekly range to liquidate any buy stops stacked along the way all while filling inefficiencies. As long as we remain below 4150 I think we could expect further downside but if the market shows a willingness to break aggressively above 4150 then we could expect some new highs to possibly be formed. This is not financial advice just pure speculation from a neophyte trader, GLGT.
CME_MINI:ESM2023Long
by Mr_5Handles
P2P | DXY - Lets Finish This...Alright guys and gals so I wanted to post this chart to detail the movement of the dollar index. For some time we've been bearish and following the downward Fib levels. I can see price making equal lows which tells me price could be attempting to turn around or just building up more buy orders to sell off! The small white trend lines you see are Turtle Soups, meaning price made a short high, and then that high was eventually taken out and continued lower. So my final level on my Fib is my POI, where I believe price will reach and immediately turn around. It's all about levels, price action, and time sequences. But as always everyone happy trading, trade well, and lets run it up from 2023 til infinity! You can continue to grow the page by liking and following the channel, and if you get any value from this to boost it too! DISCLAIMER ***This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held responsible.***
TVC:DXYShort
by Pips2Porsches
Usd/Jpy Turtle soup short setup.Usd/Jpy 1H chart. Price have recently printed fresh highs, with this ONE even breaking the high formed back in 2002. Price have pushed trough the recentLY formed high and failED to move higher. The pair itself has moved 19% in a almost a straight line in the recent months, thats alot even for this currency pair, this pair usually top out at 16%, so the thesis behind the trade is a good old exhaustion trade. Limit order out @136.68 Stop value: 1% Plan is to take 1/3rd of the position off if price gets to TP 1, and ride the rest all the way down to June 2022 lows if price allows it.
Short
by Norsefx
4