Bitcoin seems to keep magnetizing to the range I have laid out in yellow. I noticed this when we first made our push and broke the previous ATH at 69k. So basically Bitcoin has been consolidating and trying to hover around this range--meaning that eventually it will turn that 69k range into a strong support. This is extremely bullish and could be validated by the...
VeThor Token (gas of CRYPTOCAP:VET ) is pulling back to 50MA support and looks good for a bounce followed by a bullish continuation from here. ⚡️⚡️ #VTHO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.9% Current Price: 0.003380 Entry Targets: 1) 0.003304 Take-Profit Targets: 1) 0.004978 Stop Targets: 1)...
The European Central Bank and Bank of Canada have begun cutting rates while the Federal Reserve holds steady.
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to trades inside the upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, the Euro made a correction to the support line of the channel and then rebounded up and...
Is the Active Head and Shoulders Pattern Forming? An intriguing yet risky topic. Intriguing because we have formed a head and shoulders pattern in a semi-bullish market. If Bitcoin, with its high dominance, corrects, our head and shoulders pattern could activate, with the first target being the ($1.21 - $1.06) range and then the final target being $0.80. This...
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Here is my latest structure analysis and important support and resistance levels for trading USDJPY next week. Consider these structures for pullback/breakout level. ❤️Please, support my work with like, thank you!❤️
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Dear Traders, Hope you are doing great, price of USDJPY remain tricky. Previously, we had anticipated that price will drop heavily, however, due to weak Japanese yen price remain bullish as it was before. We still currently in a correction zone, where we can expect price to drop slightly lower to our area of entry and then we can see a strong buyers liquidity...
On the above 2-month chart price action has appreciated 8500% since September 2015. A number of reasons now exist to be bearish. Side note: Timing the market tops or bottoms is not my forte. Instead, these large time frame ideas are an attempt to measure the probability of continued trend versus risk. Why bearish? 1) The ‘incredible sell’ signal prints. On a...
This is the area of interest that can be used as an entry zone for long orders that's based on the narrative we buit in the previous post.
EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455...
Technical Analysis: Assessing Bullish Continuation and Potential Corrections The price recorded a new all-time high, demonstrating strong bullish movement. However, some investors remain concerned about the sustainability of the equity rally, as gains have been driven primarily by megacap growth and technology stocks. Today's Outlook: The price is expected...
Overview: The USD/CHF currency pair, after breaking its ascending trendline visible on the daily timeframe, is on the verge of a significant decline. The critical condition for this bearish move is the closing of a 4-hour candle below 0.88920. The confirmation of this break requires the candle to be of substantial size and without a long shadow. Trade Setup:...
Reference from last idea post: Price has created breakout to the downside. Will be looking for sell entries when price pulls back, looking at zone 1.27038 - 1.27220 (Grey Box) about 20 pips zone. That will be my point of interest. Price will likely go downwards towards Daily support area at 1.25913. After which price will need to break out the Daily support...
That's where we will be looking for selling setups. On the other hand we can have long positions targeting the highs on the way to the order blocks. I'm going to share that shortly
Bitcoin managed to break the Support zone($66,080_$65,860)(15-minute time frame) . I expect Bitcoin to continue its decline to at least the previous low of $65,000 and likely break the Heavy Support zone($65,730_$64,240) . Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time...
On EUR/CHF it's nice to see a strong sell-off from the price of 0.95950. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...