technical analysis 1- resistance area 2- breakthrough 3_ Re-test 4- price channel
PRICE ACTION ressistance trend line swing piont fake out retest
Recent PA marks a top Right, i'm SELLER SIDED. I will COMMIT and i don't care what any other moonboy think. Set a STOP LIMIT SELL below the red line as shown on my chart IN CASE the price dumps below it. On which the target will be right above the most recent supply zone @1531 (BLUE BOX) To finish, your Stop loss will be set on the most obvious place for a...
Sellers have officially been trapped! It now looks like price is pushing up to sweep their liquidity. Will the liquidity sweep result in the true sell move to follow OR will we see bullish continuation from here? Let me know your thoughts by voting below.
hello guys in left of chart we see a ascending channel that bounding of i break out but it was just a fake out! likewise this channel breakdown by a strong candle and confirmed change of trend. in upper time frame btcusd had a powerful candle that this pair should engulfed that for continue bearish trend that happen today! there are two entry zone that i...
With interest rate and all the other lovely fundamentals the Dollar has been on bullish run of a life time! The last few days of the previous week, the Dollar did not do so much and even showed some initial temptation to keep shorting on Friday, but as you know .. it never that easy :-) Hence we ended with a three day consolidation. I expect we may see the Dollar...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is continuously dropping from the $24k resistance level and liquidate the most of the traders who opens a long position after seeing the break out. This is how market makers playing with retail traders. If you wants to earn money in this market...
On July 19 Bitcoin exited its previous channel with a high volume. It's considered as a breakout by traders but the breakout didn't work. Bitcoin started going down. So it was a fakeout! However, a bullish accumulation channel (known as flag formation) appeared in Bitcoin. Will bitcoin breakout the channel again with flag formation or was it a real fakeout? We...
After the double top in the previous month, AUDNZD has been trading in the sideways channel/wedge. This likely created a concentration of stop-loss stop-market orders above the channel, but I do not think that AUDNZD can grow from the fundamental perspective or from that of interest rate differentials. If there is a fakeout, it will offfer nice short entry.
GBPUSD has an opportunity to reach for some liquidity above the trendline and previous swing highs. I don't think there is an incentive to reverse the trend. But the fakeout would be a logical step in preparation for the downtrend continuation. Before the currency can go in either direction, the big players always look to take advantage of liquidity. That would...
BTC had a confirmed breakout out of this falling wedge and reached the target. The RSI is way to high and the momentum with that Bitcoin is gaining is way to fast. I think this is a planned trap to liquidate people who will open up a long position out of FOMO. We are also running into some resistance, so a cooldown to 20k is very likely. have a good evening!
NEITHER!. Am not going to try to PREDICT where the market will go, only GOD can do that. Am just going to wait for price to choose a direction and REACT to that..... Am seeing that the fakeout option offers a high RR of 1:4, so am praying for that direction as I get to make more money. Targets and stop on the chart, if am wrong I lose 1R, if am right I get 4R,...
The price moved to the supply zone where a fakeout has been created, price took liquidity before collapsing.
#Bitcoin found support below $19k and begun ranging between $18.6k and $21.5k. The last is the most crucial level because a valid breakout results in a 32% pump to $28.270. Between those two S/R levels there are only two weak resistances; the first one at $27.5k and the second around $27.6k If this scenario is going to play out, I’m expecting a really quick...
Hey all, I've been strong on the idea that we are currently redistributing on the next leg lower and are somewhat repeating the exact same patterns we made ahead of the March rally that faked many into flipping bullish. I believe we will redistribute in an eerily similar manner, especially considering what the indices-moving names are doing. Considering...
After various liquidity sweeps within this range, we may finally be ready to see some selling pressure. I will be observing price action within this supply to locate a potential sell. If price fails to reject this zone then we have to let price travel up to the main supply at the high before we search for sells again.
What an amazing set-up! Price broke the Supply Zone, it reached the liquidity level and then it dropped to the closest demand zone creating a Zone to Zone trade.
It’s the second breakout attempt at $0.62 that Matic failed to succeed. Matic already did a 99% pump this week, so don’t expect much. We may see a fakeout around $0.79 and that's all. These levels are excellent to look for shorts. You can find my previous TA below.