Bullish Possibility on FRGI--Educational Purposes Only, not Trading Advice --
Seeing as today's candle had long wicks, I decided to investigate whether there might be a reversal on FRGI.
The Volatility on FRGI has stopped increasing so fast today, similar to 26 Nov '21, 29 Dec '21, and 19 Jan '22.
This leads me to believe that there is a possibility for a reversal if the Volatility doesn't start increasing as fast as last week.
In addition, a candle must open higher than the MA for there to be a reversal. It seems that the MA is a strong resistance on this graph.
So, if a candle opens above the MA, the Volatility continues to stop increasing, and we see more long wicks, there is a good chance that FRGI might start to increase.
Let me know your thoughts! Thanks for reading!
Wicks
BTC about to go lower?Good morning traders.
Over the weekend BTC did not hold 41k which was the best case scenario for continuation to the upside.
In my opinion there's a key level to look up to now: around the S1 Daily pivot, with a wick down to ~35800.
Notice the clear spike in volume on the Jan 24 candle, and then again on Feb 24. To me, those wicks are clear demand strutures and since the Feb 24 candle touched the middle line of the January candle wick demand struture, there's reason to believe the same can occur again, correlating with the S1 pivot area and the rising support line.
XRP | The Mavericks of CryptoXRP is the Mavericks of crypto and you don't just paddle out into the swell thinking you're gonna charge into glory. Going over the falls or getting the eternal hold-down is the fate of many who don't respect, or understand what it is. True DeFi is a noble vision but as some have said "they will roll out their tanks" before they let us have our own currency. It's just not gonna happen, so may as well dive in and swim with the sharks because big fish eat little fish, the end.
Own the thing that everyone hates.
Not Investment Advice, DYOR, etc. . .
NVDA Buy AreaI`ve noticed that from time to time NVDA does some intraday retracements from which it recovers.
If you want to buy the sell-off wicks, you can put buy orders between $198 and $215.
In this choppy market there are chances for NVDA to hit the support areas more often before going up again.
Looking forward to read your opinion about it.
EURUSD 2023 forecastThis is my forecast of EURUSD for this year. In 1w chart the main trend is down but, in the first months it will be in a retracement movement until 70% fibonacci zone. Right there, we can find the 50% of a big bearish candle were apparently is Smart Money. Also we can find a wick with liquidity that has not been taken. Then, the price could start the last Elliott Wave movement and go down looking for a new liquidity zone that could coincide with the -27% fibonacci level.
This is NOT a financial advise, if you are going to use this analysis to invest, do it at your own risk. (sorry if I make mistakes while typing, I'm a Spanish speaker and I'm trying to improve my English)
what tells the true story? is it volume? or is it wicks? here i break down the actual sentiment and how to look at price, if considering wicks you will start to get confused because you'll see most times wicks pierce the recent low or high. which is okay however, that doesn't mean that it broke structure (don't get me wrong, maybe on a different TF it did but this is where the confusion comes in). volume tells the real story on what price is doing. wicks just tells you where price went for the time being which creates the high or low of each day, 4h, 1hr, etc. so sticking to volume will help you find the direction of the market much clearer
Bitcoin pain zone until the end of this epochWill we wick into the red zone?
This is my long term BLX chart. The basics are the curved logarithmic regression lines. Vertically the halvings are marked.
I haven't touched the full lines in quite a while, they seem to be holding up very well. Can you imagine someone trying to liquidate everyone up until 2x?
The red area looks the ultimate pain zone to me. Anyone else some thoughts on this chart and/or the red zone?
Greets,
enjoy your halloween!
CHFJPY BUYclear support zone from the trendline and the support zone forming a double bottom . looking for a break through from the resistance in the lower time frame to find an entry for a buying purpose .
AUD/CAD Analysis I It Will Head UpwardWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
*****
AUD/CAD Analysis - We expect price to head upward as its currently rejecting daily support and showing wick rejection on the 4 hr. Also have a flag after impulse leg. Target is right before Daily resistance highlighted zone.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
The Wick CatcherHere's an example bot designed to catch wicks on higher time frames. This is designed for cyrpto exclusively.
WicksWicks tell us if the trend is still strong or not. Many
traders use them as their first strategy, I try to use them as
an extra confirmation. A lot of wicks tell us that the
trend is exhausted and that it wants to change direction.
Easy and effective!
Candlestick education - rest off between bull-runsHey guys,
as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks?
📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles
⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle it's reasonable to worry because it shows less interest of the bulls🐃
📍 however, if the red candle shows us a huge wick at both ends it means that many took the advantage and bought the dip
Do you enjoy my tutorial?
Ask me if you have any question and/ or problems
BTC Wick returns to get ordersThis huge, out of place (way larger than the rest on this time frame) candle means that price went out of the zone so fast that orders were left waiting. And apparently a lot of orders. Since it took price about 27 hours to get back there. Otherwise, price would not have returned.
ETHEREUM CONSOLIDATING WITH A TWO WEEK TARGET TO POPMarch 11, 2021
I shamelessly deleted my bottom ascending trend line on this ETHUSD pairing to adjust for some near-term, bullish, consolidation that is happening.
This consolidation is making the price-target higher, but pushing out the timing.
On this 4hour chart, closing candles are holding the 25day moving average, and wicking down to the 40day moving average.
I drew that squiggly green arrow for reference only, to help visualize the idea.
I doubled-down my 2X leveraged position last night during the mini consolidation "dip", decreasing my liquidation price. Feels good. I'm currently still "in-the-money".
Now looking at the 2200 - 2700, still, within the next two weeks.
Let's see how this plays out.
Hit the LIKE and leave a comment!
All the best,
Happy and safe trading,
- Cryptmando
March 11, 2021
AUDJPYGREAT RISK REWARD TRADE , 4HR TIME FRAME CONFIRMED WITH TOP DOWN ANALYSIS , PRICE CONFIRMED BY CONFLUENCE FACTORS .
Reversal in?Huge wick/Hammer + Volume spike off of the 200 day SMA today - Could this indicate the short term bottom for Orsted?
reversal coming soonas you can see it failed to break through support and created a nice strong wick now it coming back down to test the trendline to hopefully break it and create a possible downtrend.
keep it simple.
But it is in a great buying opportunity range under 260.00 There was a long red wick on the weekly chart on the ninth of November,
meaning a future down trend, at least in my opinion it does,
Plus it broke my white support line.
So it’s going under 262.00 to 258.40 or maybe 255,
But it’s in a great buying opportunity range under 260.00.
Happy Holidays, and safe trading everyone.
How to trade reversals with candlesticksPay attention to the level that price went to. Wicks are very important to decide when a reversal is about to happen and the longer the wick compared to the body of the candle can be used as an indication that price is going to go the other way. Subscribe for more and trade what you see
a break of support and a retest of resistancenice long wicks on the retest indication bulls are taking over.
Can NZDCAD Scalps flip into Swings?As covered in our weekly outlook session with our students. This has the potential to be a scalp that moves into an intra/swing position.
This time frame (4Hr) shows a considerable amount of liquidity just above.
I simply cannot class this current collection of price action as a double top due to the fact that the price did not move into a rejection directly at the top of a trend, it actually moved sideways before it clearly rejected the upper levels, now although this does not invalidate it being a double top, it does (in my opinion) significantly reduce the probability of this playing out as a "textbook double top". Having said that, my bias is still short.
The 15 min view is presenting us with a potential double top, this has indeed rejected directly after the trend move. The neckline for this pattern sits at .898. A break of this level would likely open up a move to .894... what's interesting about this is its the fib targets for the 15 min view double top as well as being the neckline at (what is not but could be viewed as a) double top.
Simply put, a 15 min break of .898 exposes the targets at .894. A break of this level could then easily flip a scalp to a swing and open up .885, however the swing targets will need to be looked at again if we can see a 4Hr close below that .894 level.
If the price can break the upper blue supply zone, then we need to be conscious that the price could easily trace back, grab orders and make its move to the upside, but my view on this is that the upper levels will hold, do there job and we will see this take a move to the downside next week.
Eyes open for both sides of the argument.
