Bitcoin is currently at an ideal entry for a high R/R short based on the trendline shown - targeting 34,200 to 35,000. From that level, I will look for a retrace up to 43-46k. Rejection at this zone can indicate a much more substantial drop to sub 20,000 zones. All details on the chart - will update with a new idea if Bitcoin follows through on this expected drop.
Market Context: NEAR is trading above the 200-day EMA, setting a higher low after a change of character (CHOC). The price has reclaimed the range low as support and is trading between the 200-day and 21-day EMAs. This setup indicates a potential for consolidation followed by a breakout. Trade Parameters: Entry: Enter a trade around $5.4 to $5.8. Take...
Market Context: AR has shown strong performance in the initial upward movement and is now taking support at the double bottom's neckline. This creates an opportunity to enter a long position with a tight stop loss. Trade Parameters: Entry: Enter a long trade around $28. Take Profit: First target: $35 Second target: $47 Stop Loss: Set at $24 📊 Monitor the price...
Recent political developments have influenced the crypto market significantly. The rise in Trump’s chances initially propelled the crypto market upwards. However, with Biden dropping out of the presidential race and the introduction of his alternate candidate, Trump’s chances are now perceived to be decreasing, which could lead to a correction in the crypto...
What'sup Traders, here on DXY we are anticipating a sell but we need a push up to zone area to take some selling opportunity WATCH OUT FOR: 1.Invalidation point 2.Entry 3.Target GIVE A LIKE STAY SAFE N STRONG
Market Context: LINK has retraced down to the next area of support, providing a potential entry point for a long spot trade. Trade Parameters: Entry: Ladder into a long spot trade in the $13.00 - $13.50 area of support. Take Profit: First target: $14.50 - $15.30 Second target: $16.25 - $17.00 Stop Loss: Set just below $12.30 📊 Monitor the price action closely...
Market Context: FTM has retraced down to the next area of support, presenting an opportunity to enter a long trade. The price might consolidate in this support area over the next couple of days. Trade Parameters: Entry: Ladder into a long trade in the $0.45 - $0.49 area of support. Take Profit: First target: $0.60 - $0.65 Second target: $0.73 - $0.80 Stop Loss:...
USDCAD forms a false breakdown of resistance, reached the resistance zone, but was subsequently pushed back down. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at...
Just waiting for price action to climb back up to 1.1545 to consider a sell position once bullish momentum fades. This is only a 1:1 risk to reward setup but has high chance of success. Trade Safe
Taking a look at the daily tf, price action closed above the last candle where we saw strong rejection following a retest of the descending support. Today the ECB also left interest rates unchanged at 4.25%. Even though this is a low risk to reward setup, I believe it has a good chance of becoming a winning trade.
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
What Happened? 🧐 BETA dropped ~40% after its massive 170% pump. The drop was driven by people taking profits and fueled by the Bitcoin crash. Latest Performance 📊 Today, BETA does not perform as strongly as many other crypto tokens. Nevertheless, based on technical indicators, it flashed one of the most reliable signals on the 1D chart. The Signal ⚡️ The Hyper...
I suspect that Bitcoin will break down and hit 7,000 to 10,000. I’ve heard many remarks about this being unrealistic or impossible, but the reality is the chart is respecting the prediction and trendlines. While bitcoin can execute a zig zag pattern (34,000 - 45,000 - 8,000) - it technically doesn’t have to. If the TA pattern supports a move to be executed by...
This is a critical time for Bitcoin and that’s because of the US Dollar. DXY has shown a major breakdown on the 3 month chart, and is undergoing a bearish retest. Here’s some crucial moves and pivots to watch for to determine where Bitcoin could go. IF BTC STAYS BELOW 60,500 to 60,700 This is a more local bearish trendline on the daily and you can watch for...
Good Morning Traders, It's important to review price action on Solana because it is our fourth largest altcoin (excluding stables) and does lead much of our altcoin market now in this position. The inverse head and shoulders pattern is playing out thus far. Solana touched my $122 support precisely before bouncing and rounding the bottom of our right shoulder....
DXY is completing a major bearish retest currently - on the minute time frames. This breakdown is a multi-month trendline, and what the DXY / Bitcoin correlation would indicate, is that we can expect an extended bull run of 1-2 years. This rise in bitcoin has been a straight shot up on the high time frames. What this tells me is that this move is a bearish...
FET has flashed a bullish MACD crossover on the 1D chart. Based on backtests, the signal shows a solid probability of achieving more than 10% gains. The signal calculates the profit potential even higher at a level of 34%. However, based on the current chart, this would imply a break of resistance at $2. If FET manages to break through, a run towards $2.5...
Choppy markets are identified by low volume and sideways trading / range trading. It seems uninteresting in most cases, but you don't have to sit around and wait for the next big impulse wave! Here are three plays YOU can take during choppy markets: 1) 4H : Short Resistance Chop trading can be a blessing - the price often touches the same support zone and the...