Important zone for bitcoinBitcoin has 7 weeks with (3 Closing price and 4 opening price between 35600$ and 35828$
this zone is very important for bitcoin
Zones
Tezos could to forming a bulish rising wedge!!!I see that in Daily timeframe, Tezos it's in this strong support zone. And then, there's a lot chances that Tezos could to continue up to the next resistance of $4.40 USD. For that, will be my perspective in the market for this cryptocurrency.
s3.tradingview.com
And remember, we look a beautiful trend line up, for that Tezos make a lower higher in this trend line since November 2019 from around of $1 dollar. For that, Tezos could to growing up to $4.40 USD in the next resistance zone, this will be my target profit in Tezos.
BTC potential local bottom could be inI have identified a finished zigzag in a long-term wave 4.
Why I think the Zigzag is finished and the higher-degree trend is ready to resume?
We have seen a waves A and C which clearly subdivide in five waves. The wave 5 in wave C appears to be truncated which is very rare, however, given the wave 3 extreme course, I still give high probability to this wave count.
Furthermore, we have seen a sharp reversal from the 31k lows with an impusive nature and a choppy pullback in a channel afterwards. Moreover, morning star candlestick formed on daily timeframe, which is primarly a reversal pattern. Lastly, we have seen a break above 34k zone which now acts as a support. All these factors elevates probability of at least local bottom thus a move at least to 42k. There price will tell us the next course.
This idea is invalidated if price breaks the 31k level and is less probable when we get a close below 33k.
EURUSD SHORTSellers seem to have taken momentum let's see how far they can go.
Big target set at 1.20. Looking to short pullbacks on the way down.
Place your risk accordingly.
Please give me a like if you can!
Short zones Golden pocket + confluences If you are looking to short, those areas are high probability shorts
Check out my analysis for CADJPYPossible setups for next week. There could be a possible double bottom forming in the 1 Hr TF. Price has already respected price 90.500 and could respect it again.
Other possible scenario is that price can drop down to 90.000. It does seem like there was a head and shoulders pattern that formed this week.
Always remember to make time for backtesting. Its so crucial and very beneficial for your forex trading.
EURAUD, daily tf, hanging man candle appearsPrice previously broken above the marked yellow resistance area and go up for 160 pips.
In my opinion we haven't see any retest to this resistance as a support and we might see one soon.
There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up.
Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon.
Sell EURAUD 1.5790
Stop loss 1.5840
Take profit 1.5665 (2.5R)
Use only 1-2% risk
Good luck
DOGE; .75 or .35? (part 2)Going off my previous DOGE idea from May 4th(linked below)
I stated DOGE would either go to .75, or .35
Buyers were so close but ended off a slippery .739 peak
which then dropped us EXACTLY on to the .35 cent mark. (goal reached)
Now with this rebound off .35, DOGE is trying to re-enter the upper zone.
Breaching any zone will cause the market to react and push it back out to around .42
It will be a little shoving battle but everyone is on two of the same wire in a sense.
So, lets see who can maintain their stature.
-quick "maybe" section-
consolidation above .42 maybe
sellers reach 25 cents maybe
buyers regain control in upper zone maybe
Trading Zones after pre-market drop (May the 4th be with you!)These zones were created starting with a daily chart . Previous day and overnight values mapped with colored lines. Pivots (blue lines) were established on the 1H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities.
Morning sell off after Jerome Powell speech yesterday...
why our zones have different colours here at FXG we always place our zones before looking for technical and fundamental trades, these zones start with the monthly (blue) then weekly (yellow) and finally daily (red) then on the lower timeframe those zones we have in green. the reason for the different colours is so we know the significance of that zone. so for example if price has broken its weekly zone to the upside then chances are price is going to break its daily zone as the daily zone has less battle than the weekly zone. this gives us an edge as when we know price is making its way to a significant area of battle then we know to stay out of the trade as we want buyers or sellers to win that battle and once they do we know the direction.
XRP where to next?xrp is desperately trying to hold our 1.55 zone. XRP is currently holding its 1.55 support which is the only think keeping it in this trend line. a successful hold of this support can allow it to breakout of the top trend line, leading to new highs. if this support breaks, we could see another nice drop to fill that giant wick to 1.43, since it would be breaking our middle trend line. wait until these zones are touched for next more. 1.326 should be the lowest target to keep in mind.
Zones of one of the ETFs for SilverI have posted text, in which are my thoughts of the price zones of that ETF for Silver. Silver makes more profit, so that is the reason why i don't follow that much Gold. Waiting for the inflation to hit and thankful to these zones i will know what to do.
more downside for the sp500? next best trades and zonesThese zones were created starting with a daily chart . Previous day and overnight values mapped with colored lines. Pivots were established on the 4H chart with woodie points to confirm strong levels with prior volume profiles. Auto-fib levels were also used to confirm next best trade opportunities.
What will happen to Bitcoinlets see how long bears can go :)
For having more precise analysis, We need to check Total crypto market cap too.
I'm using BTC/USDT Binance chart because i believe Binance is most effective crypto exchange.
Okay let's go
As you can see we have triple top pattern in Bitcoin and the neckline has been broken, Also we know that pattern like triple top usually happens at the end of the trend.
We have a downtrend and because of the pattern, We know how long can this downtrend continue.
Let's see when the downtrend will finish
To do that we need to find out Price return zones(support zones), In order to do that i use Fib retracements and Price movements(highs,lows and ...)
I used two waves for fibonacci retracement first one from around 9.6k to 64.9k(from bottom A to top3) and for second wave i used initial big pump wave which is from almost 21k to 64.9k(from Bottom B to top3)
Combination of Price movements and these Fib's give us important zones which are all visible in the chart and you can see them.
Let's have a quick check on Total crypto market cap
The chart bigger movement is still in the ascending trend but in short term we are experiencing a downtrend. I found important returning zones just like how i found them in Bitcoin chart
Conclusions:
1-We need to wait for both Bitcoin and Total cap return from one of those zones.
2-Bitcoin is retracing and after finishing the retrace we can expect continuing the ascending trend(Another impulsive wave).
3-Bitcoin and Total crypto cap have correlations and based on Btc dominance most of the Total cap is in the Bitcoin so when the Total cap rises we can expect Bitcoin to rise.
4-Bitcoin and Total cap bigger trends are ascending.
5-Bouncing back from those zones can be a long opportunity.(always wait for multiple confirmations)
Tips:
1-This is not financial advice and you need to do your own analysis.
2-Money management is the key and always use proper position sizing.
3-Feel free to comment what you think and check my analysis precisely so zoom in, move the candles and ... .
Thanks for your time
Pump, Accumulate, Pump- 2021 Roadmap Could a fib trend extension taken from July 2017 to September 2017 have had the answers to the future the entire time? A fractal of a December 2021/January 2022 blow off top like the last bull market in 2017, but this time I am applying the repetitive pump and accumulate pattern that seems to keep playing out in between key Fib Levels. Let me know what you are thinking is going to happen.
ES1! Trade zones and next best trade ideas 4/20These zones were created by combining several indicators, as well as Fibonacci and volume profiles.
I started by laying out 2-3 point spread rectangles on high volume nodes on the volume profile , and then refined those zones based on previous consolidations. I then added overnight/intraday ranges levels, highs and lows. I mapped out auto-fib retracement levels (as well as reversed auto-fib levels), and 1hr woody pivots on a 1hr timeframe. I switched to standard pivots and mapped those as well. With all of these levels marked, I looked for areas where they were grouped and further refined the rectangles. I also noted where the 34/50 ema cloud was in relation to the zones.
Es1 trade zones and next best trades for 4/18 market openThese zones are created with auto fib, pivots, woodie pivots and volume profiles
GBPUSD, 8hr tf, double bottom pattern mirrorring XAUUSDHello my friends,
Another trade ideas for today is GBPUSD pair.
As you can see GBPUSD chart looks exactly like XAUUSD.
XAUUSD has rallied for 750 pips in the last 2 weeks after hitting 1680 area twice.
I still think we could see further rally in XAUSD as the measured objective of XAUUSD pattern is around 1830.
In my opinion, we could see the same movement in GBPUSD and it is very worth to try buying it as well.
We might see double bottom at GBPUSD as well after price touching 1.3670 area for the second time.
The measured objective of GBPUSD double bottom should be at 1.4160-70 area
Buy GBPUSD 1.3720
Stop loss 1.3650
Take profit 1 at 1.3990 (3.8R)
Take profit 2 at 1.4160 (6.2R)
Use only 1-2% risk
Good luck
MXC in a channel, about to break out?Hi. In this chart I've plotted one resistance line and one support line, both quite short term. With these two I've also plotted two more long term zones:
One wide diagonal support zone that has played out since April 2020. Its very strong and if broken could be a strong indicator of a trend turn.
One tall resistance zone that while not very strong could still indicate roughly the height that the price could go if it goes sharply bullish in the near future.
With this I've also included an MA 56 to reinforce the strength of the support zone as the MA has danced along it for a long time.
I've also included a MACD to assist in any predictions regarding impending price movement. To me it indicates an impending short term bull run, as it could be about to cross the 0 line.
In conclusion:
MXC is still in a strong bull run and has been for a year.
There are no signs that a trend reversal is impending and with the recent price spikes I would conclude that the price wants to rise above the resistance zone plotted and MXC could be a solid investment for long term investors with perhaps the only downside being a longer ROI.
For short term investors the impending resistance zone break could be a nice spike to go long on, as plotted with price points.
Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you.
This does not constitute financial advice.
Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
CHFJPY: Chances are Back !If you have missed this one, then your chances are back. Our uptrend was broken then the price went back to the higher levels where it was trading last week. More confluence means less risk. RSI is reaching critical levels pushing bears more. The price can still trade inside the resistance zone for a couple of days, so trade safe and best of luck !
If you like the idea, support us with a like and follow.
MacroForex
cardano retracement is completedCardano has been consolidating in this falling wedge for awhile now and is currently at the point of breakout. currently holding support, should expect an upturn soon.
