My good boy BTCHey everyone! The new week is here and I'm back with Bitcoin in the daily timeframe.
I'm waiting for the first support zone marked on the chart.
The marked purple dotted line is an important support point obtained based on Ichimoku.
So My best advice is to identify the best altcoins and accumulate them at low prices.
We are waiting for the Alt season.
If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
Demand Zone
LEVERUSDT | Another Shot at the Moon?Market Context
Yesterday’s trade on LEVERUSDT was almost a win, but we got stopped out just before the price shot up. Let’s not miss out this time!
Chart Analysis
• Bullish Momentum: LEVERUSDT showed strong potential for an upward move, and despite yesterday’s stop out, the bullish signals remain intact.
• Demand Zone: The demand zone we identified is still a prime spot for entering a long position.
Strategy
I’m going long from the demand zone once again, confident that today’s move will play out in our favor. The setup is too promising to pass up!
Action Plan
Re-entering at the demand zone, ready to capitalize on the bullish momentum. Let’s hit that profit target this time and ride the wave to the top!
Let’s go, traders! 🚀📈
LEVERUSDT | Gearing Up for a Move?Market Context
Could we see a bullish run for LEVERUSDT? With Bitcoin showing signs of recovery, the stars might be aligning for LEVERUSDT to make an upward move.
Chart Analysis
• Promising Weekly Candle: The weekly close on LEVERUSDT looks very bullish, suggesting potential upward movement.
• Daily Timeframe: We’ve recently broken the structure and jumped from an interesting order block (OB) on the daily chart, signaling a possible move up.
• 5M Timeframe: There’s an intriguing demand zone on the 5-minute chart where the price could dip before soaring higher.
Strategy
I’m setting my order at this demand zone, ready to catch the upward wave once it hits. This setup looks ripe for a breakout, and I don’t want to miss it!
Action Plan
With a promising weekly close and a strong support structure, I’m going long on LEVERUSDT. Placing my order in the demand zone on the 5M timeframe—let’s see if we ride this wave to new highs!
BANK NIFTY SUPPLY & DEMAND ZONENSE:BANKNIFTY
Supply & Demand Zones have been highlighted on daily timeframe for understanding trade setups.
Change of character in index has been observed after 41300, when it has not marked any LL.
After continuing its strong upward move; previous supply zones start around 43000, 43500 and ultimately around 44000 (latest high of 14-Dec-2022).
While price moving up, RSI will also play its part by creating divergence in overbought zone. This may lead to trap retail investors & smart money getting max profit out of it.
Since 14-Dec-2022, NSE:BANKNIFTY has not made any HH, rather moved in downward direction even after tried to consolidate & tried to break resistance of 42000 but could not sustain.
Head & Shoulder pattern in Auto Axles. Auto Axles has been corrected from 2449 to 1860 by forming Lower High and Lower Lows. Price has been reverted from supply zone (1730 - 1800) on weekly time frame. It has formed higher high recently showing possibility of trend reversal and has also formed Head & Shoulder pattern on daily time frame and current price is near to neck line of H&S pattern, Having possibility for uptrend move. Share is trading below 200 D SMA.
CMP - 1866
RSI - 51
Entry price - 1885
Target price - 2070 (around 10%)
SL - 1790 (5%)
Disclaimer - This is for education purpose only. I am not a SEBI registered analyst. Take advise from your financial advisor before investing.
GBPCHF - Already Over-Sold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bearish, trading within the falling channel in red.
However, GBPCHF is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LIC - Price Action Breakdown!Overview & Observation:
1. Fakeout from demand zone (liquidity) after double bottom (W) formation.
2. Breakur & Retest done.
3. Earnings are unstable
Trade Plan:
I want to avoid any position in the stock right now mainly due to 2 major reasons:
1. RRR is not favourable. ( prices are already near the minor reversal level).
2. Price action limited.
3. No proper setup to trade!
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Sell Opportunities in the Base Area I saw that there was a clear base on XAUUSD, after the price fell on Friday last week.
XAUUSD plan takes a SELL opportunity if the price enters the base. Look at the chart.
This plan is not a recommendation for making XAUUSD trading decisions, all profits and losses are not our responsibility.
ETH - Bow and Arrow Trade!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish, trading above the rising trendline marked in blue.
After rejecting the $4,000 - $4,100 resistance zone, ETH is undergoing a correction phase and it is currently hovering around the $3,500 round number.
If the $3,500 is broken downward, a deeper bearish correction towards the $3,100 demand zone would be expected.
🏹 The highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RENDER Targets $8.10When you take a look at the chart, you can see that render has lost some buyers and has now flipped an important support into resistance.
The area with the most volume, is the May POC. if we can bounce from that level, a 15% increase to the previous resistance can happen.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Notcoin Targets $0.17There's a liquidity zone is right at $0.17. The last sell-off didn't sweep the lows (Tan Line). Price likes to search for liquidity and that's where there's a lot.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Solana Targets $140 Then $116Keeping this Technical Analysis simple. We need to stay above $160 or the $140 demand zone we be more likely for a bounce.
IF THE $140 LEVEL FAILS, WE CAN LOOK AT $116 NEXT FOR THE MOST LIQUIDITY FOR A BOUNCE.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
EUR-GBPThe eurgbp pair is getting close to an extremely solid parallel support zone, where there is a good likelihood that it will move in a bullish direction similar to the last one. The price has confirmed my prediction over the past three to four times, and it is now heading toward the same area where there is a greater likelihood of a bullish move. Near the zone, we'll be searching for a reversal candle.
EURUSD Trade study short/longTrade study using Asian range.
Trade went below opening candle in London session indicating bullish but wasn't noticed. Price also took the Asian lows before moving up. Price then consolidated before taking the Asian high, then took the recent swing low at lower timeframe indicating out POI. Price then eventually achieved our target Price Asian range low then took Thursdays (Asian high +4) before taking our initial Target (Asian range -1). Trading in Friday is complicated but with proper risk management we was able to take a 1:1.2rr trade
Using proper risk management is always necessary which I didn't do for some reason
NOTE : PRICE ALWAYS MOVES FOR A REASON
EURUSD | MT Long H4 |Overly OversoldPair: FX:EURUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action has some support trend-line holding it
- Horizontal trendline looks like a demand zone across the years
- Horizontal trendline (Red) is at the 1% Fib Extension Level
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level
Fundamental Confluences for Trade:
- EUR weakness has been mostly been pricing in the expectation that ECB will cut in June and diverge from the FED. Currently, priced in.
- Risk is further war escalation from the Israel-Iran tension
Suggested Trade:
Entry @ Area of Interest 1.0620 - 1.0650
SL @ 1.0589
TP 1 @ 1.0698 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.0758
Risk-to-Reward @ Approx. 2.44 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
EUR/USD SHORT TO LONG idea (towards 1.08200)My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I plan to switch strategies once price reaches the significant supply zone.
Currently, the market remains bullish, prompting me to prioritize seeking buying opportunities near demand zones to drive price upward. The most intriguing opportunities for me lie within the demand zones on the 2-hourly, the 22-hourly below, and the two 4-hourly zones at the bottom.
Confluences for EU buys are as follows:
- Price has recently been in an uptrend, forming higher highs and higher lows.
- 2-day supply zone that needs to get mitigated eventually.
- Good demand zones left that price might pick up another bullish rally from.
- Liquidity to the upside as well as substantial imbalances that need mitigation.
- price has also recently broken structure to the upside once again to confirm the trend.
P.S. If the price maintains its upward trajectory, I will wait for it to decelerate and consolidate within my designated area. Upon closer examination, I've identified several refined zones, such as the 4-hour supply zone. In such a scenario, I won't rush but will instead wait for a thorough and significant mitigation before taking action.
Have a great trading week guys!