$ETH short-term and long-term outlookI go over Ethereum and some formations I see quickly, as well as briefly touching on the upcoming Shagnhai update! Let me know what you think and if you have any chart requests!
~EBITDAtiger
Update
EUR-JPY Bearish Bias! Sell!
Hello,Traders!
EUR-JPY has retested
A rising resistance level
From where we are already
Seeing a bearish reaction
So a further move down
Is to be expected
Sell!
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✅GOLD LONG UPDATE🚀
✅GOLD is trading in a rising wedge
Just as I told you in my previous analysis
And we saw that the price went up
From the rising support so
It now seems even more likley
That Gold will go a bit higher
Towards the target above
LONG🚀
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Bitcoin Technical Analysis Update in 4H 💙Hello 🖐
As we said in the technical analysis of Bitcoin on December 19, if the price can stay above the $17,000 level and maintain its support level, its next target is $17,800 to $18,500. We see the price of Bitcoin reaching its target on the chart of this cryptocurrency.
Also, by breaking out the $17,400 level (the previous pivot), Bitcoin was able to easily reach the resistance zone in front of it and react to it. Last night, with the release of very important news, the bank interest rate has been increased by 50 units or 0.5% according to Mr. Powell's statement. This event caused the decline of the US dollar index (DXY) and since the price of Bitcoin has an inverse relationship with the price of the dollar index (DXY). We saw about 7% growth in this great cryptocurrency.
Currently, with the price of Bitcoin reaching the resistance zone and reacting to the ceiling of the green ascending channel, a small correction to the range of $17,100 (the floor of the ascending channel) is expected to be reasonable. Still, the short-term trend of this cryptocurrency is bullish and there are no signs of decline in the 4-hour time frame of Bitcoin.
A very important educational point is the red line (POC) in the Fixed Range Volume Profile tool. This very practical and of course free tool is used to analyze volume trends at certain time and price levels. This tool shows the number and volume of BUY and SELL transactions made at each level. In the following, we mention the important parts of this very useful tool.
1. POC control point (red line): The control point is the price level that has been associated with the largest trading volume.
2. Yellow and blue rows: It shows the decrease and increase in trading volume for each price level.
3. Light blue area: shows the range of the selected volume profile.
Golden tip: To use the left toolbar, click on the seventh tool from the top and select the Fixed Range Volume Profile option. The correct way to use it is as follows. Place this tool on the ascending wave or the descending wave that managed to break out your previous pivot and using the red POC line, the level that had the most trades. Consider as a possible corrective level.
By using this useful tool, you can get a better view of the nature of financial markets.
Therefore, the price of Bitcoin up to the red line of POC can have a price correction. and grow again to the level of $17,800 to $18,500. If the price can stabilize above the resistance level of 18,500, its next targets are expected to be $18,750 and $19,200.
If the support level of $17,000 is lost and the bottom of the green ascending channel, the areas of $16,700 and $16,400 can be the support range for this cryptocurrency.
Arztoday Team 💙
Analyzer ✍: AR.Rashidi
✅SILVER UPDATE|LONG🚀
✅SILVER went down from the
Breakout highs which is normal
But now the price is approaching
A support level from where
I predicted a rebound last time
And I stand by my opinion today
LONG🚀
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GOLD Update! Sell!
Hello,Traders!
GOLD went even further up
After I posted my previous analysis
But the price growth rate
Has slowed down, so I am
Of the same opinion on GOLD
After the formation of the reversal
Pattern we will see a move down
Sell!
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APOLLOHOSP is ready to breakout triangle patternNSE:APOLLOHOSP large cap health care stock is touching triangle's resistance for 5th time in this year.
With positive earnings and bull market, this breakout can sustain if pharma sector picks momentum again.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
📌 BTC - Episode 101 - My Most Detailed Update To Date!Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
101 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
DXY is about to turn bearishDXY long up trend been break down word. If this continued, I would expect to DXY to reach at least 105 - 101. Lets see how's the market work.
SOL to the moon SOON we seen a breakout from the box,
But as u all know after a breakout there is always a retracement or correction till the Support that makes it a CONFIRMED BREAKOUT.
Right now We are retesting our trendline and if it get bounced back from here than we are going to 42 Inshallah
USDCAD - SHORT SETUP UPDATE!USDCAD played out well and dropped down over 300pips from our POI (Point of Interest).
USDCAD - SHORT SETUP UPDATE!Please this is not a financial advise rather its an aid to point you to the possible direction!
BTC BearishOn the mid-term I STILL believe that we will eventually reach our longs entry at the price of 17600, since the PUMP, Rally, base theory is still valid,
We have got shorts order on the base, many people will think that it's over and we're going up, but I believe that mid-term sellers will take the price down from there, don't forget that we're looking on the 4hrs/1d timeframe on this play. So they can buy from a lower level, don't forget that the people who want to take the price down, are the same people who want to take the price back up in the future, we always want the best entries, I believe that after this mouvement up, there is still a one final mouvement down to pick many orders in that level, we will see what happens next.
GBPJPY BUY TRADE IF 160.5 HOLDS!!Stalking price very closely at the moment looking for another rejection, coming into London session may be a nice opportunity for price to make a bounce from this support for at least a retracement!
OLECTRA is forming triangle patternNSE:OLECTRA small cap e-bus stock is forming triangle pattern.
EV related stocks with strong financials are good to average at every dips and wait for good up move on a relevant news.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
UPDATE ON EURAUD FODAMENTAL ANALYSISFORGOT to post this one before, closed 50% of it at 1.52243, and sold the rest at TP.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- According to the analysis we gave the previous day, the AUDUSD DOWN SIDE WAVE has been DOWN about 60++ PIPS. We hope you get it anyway. It is still moving DOWN SIDE as we have given.
- Currently the MARKET SENTIMENT for AUD is on the DOWN SIDE. There is currently a DOWNSIDE BIAS for AUDUSD due to RISK OFF. The main reason for that is because of MARKET RISK OFF, STOCKS and COMMODITIES MARKETS are currently going down a bit. It is heavily influenced by the Australian dollar.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go down to 0.6364 LEVEL. And after that, AUDUSD can be BUY to the 0.6766 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. For that, the MARKET STRUCTURE should be BREAKED..
NZDJPY Short Term Sell Idea Delivered 200 Pips Move!!!In NZDJPY short term sell idea post, I mentioned that "Price is bouncing lower from a key resistance zone on the H4 chart, in addition to this we also had a bearish divergence and lower lows based on the MACD indicator. On the H1 chart, we had a bearish trend pattern so until the key resistance zone holds, my plan here is to sell pullbacks in the short term".
The price action followed my analysis and moved as per the plan here. The pullback that I was looking for happened and then the price moved lower further and has delivered 200+ pips move!
Note: Currently we have a bullish divergence in play, so if you are still involved in the sells then this is a good place to consider managing your trade and secure your profits (cash out or partial cash out or trailing protections or partial hedge, etc.. depending on the strategy that you work with).
Original Idea
XAUUSD 4H TF UPDATEOn the 4H TF, we are currently below 38.20 % of the Fibonacci Retracement Tool so it's better to look for buying opportunities than selling. There is a big possibility to reach the 78.60 % level of the Fib as there lies a lot of Order blocks to fill the order and violate the 4H swing low which is 1654.25
GBPUSDGood news is that we are in profit and bad news is that a new level is forming.
According to my experience and long-term back-tests, we better to stay in the trade and the probabilities of breaking of the level is a little more higher than reversing from it in these cases. (Considering trend, formerly levels)
BTC TO 21K, 22K AND 24K LEVELS !!!! First look at the elliote wave (1D Time frame)
according to that we will going 24k
Than we can see a stong support level of 19400-600 and 18500 - 800
these are the strong support level which btc will not break and we will see a good pump from here (4h time frame)
Now see that small green trendline at bottom thats according to 1 h time frame we are having rejection from that again and again
currently we also see a rejection from there and it bounced back from there.
Conclusion::
we are going up
There can be a max micks to 18400 - 18600
U can take a small long positon of 5 10% your portfolio tps 21k 22k 24k
BCH Broke above a Descending Triangle BCH recently broke above a descending triangle and currently forming a bullish flag on the lower timeframe, make sure to trim profits in the middle of the road.
