Order SELL LLY NYSE Stop 325.50 LMT 325.50 will be automatically canceled at 20230101 00:00:00 EST
LLY daily indecision candle overpriced at all time high retest gap with exhaustion volume.
Welcome back to another video, today's video is about analysing BITCOIN (BTC) using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend).
P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
Everyone is focusing on the lower time frames without noticing the higher monthly supply holding right above current price.
Be careful selling before this zone! We are seeing lots of indecision suggesting price may well want to travel up into the supply before any signs of reversals.
Bear this in mind when trading this pair.
Please let me know what you think...
Bitcoin is currently in the short term ranging between 45600 and 42000. There’s a very short term support level in between that at around 42500. Price is attempting to form a cup w/ handle pattern which could explain the current drop down toward the 42500 level as weak holders are shaken out. A return to upward movement would create an early entry for traders...
if we fail the double top, and break 18.34 confirming a downtrend with a lower high, or immediately continue bear vix, im fine with selling volatility here.
if we immediately continue over 19.17, or we set a higher low over the .382 of the bounce and break the high i would stay long vix for the time being if multiple sectors are continuing to make new lows...
BTC is currently trading in an ascending channel. It was rejected at the top and fell down to the 55ema support. Will this support hold and push it to new highs or will it fail and retrace to the 51k area?
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Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward &...
Noticed that $BTC is potentially repeating a pattern that we've all seen recently...
We could be seeing either:
- A highly coordinated bear trap..
or
- A continuation of the current correction..
Thoughts??
*moved the pattern down a bit to make it easier to see*
Now while pattern similarity doesn't necessarily mean guaranteed PA (Price Action) this is...
Hey guys,
As you asked about CELRUSDT, based on the chart, price reached a major resistance area an actually there is nothing to do right now because we have 2 different scenario at the moment:
1. rejection of price from this level (or even a false breakout):
It may lead the price to drop on specified areas. (probably 0.043 )
2. Breaking this area...
Where a D1 indecision level and the resistance of a H4 falling wedge intercept, price respected. NZDUSD is currently beginning to push off the resistance, however, expect some consolidation around the zone pictured above for the possible formation of a fibonacci retracement. A bullish DXY is another NZDUSD sell confirmation due to the fact that USD is the quote...
Hello Community!
Let's take a look at LTC/USDT on the Daily TF. I mapped out the next Support and Resistance that I think we should be paying the most attention to when considering your next trade. Right now LTC looks weak like most of the market and it can continue to fall down to the white support line shown. That would be a good place to consider a Long. If it...
Hi Traders,
the price finds itself stuck in a symmetrical wedge. I will wait for a breakout or breakdown. My opinion is however that the price still is extremely bullish and is probably building up before breaking out. What do you think?
$ATOM we have some interesting charts happening with this one. Major uptrend is the dotted yellow line. Bearish scenarios are $19.22 & $13.53. 19 correlates within the recent linear regression downtrend. The RSI is turning bullish and MACD is neutral. In the yellow circles we have bullish candles followed by neutral bullish candles. The last major upside breakouts...
We may potentially be looking at an LTC bullish channel with price attempting a second touch at the moment. However BTC is currently indecisive and we could see some further bearish momentum on BTCUSD which will negatively affect LTC.
BTC is selling off a local top here. Is this the end? Just a dip? Who cares! Make money while the market decides. I see a lot of people use fib retracements literally anywhere and everywhere. But this instance is a perfect example of when fibs can be useful buy and sell zones. What will occur over the next few weeks is the reduction of volatility in bitcoin. Price...
