Current trading range is in favor of the bears imo. Squeeze: Trading range: Scenario:
Tradingrange for Bitcoin on the 4h bottom holds strong and lots of liquidity added on the way down by bears betting on 5.5k or less
- RSI bearish divergence on the H4. - Rejected major resistance level around 1.174 on the H1. - On the daily timeframe, the fibonacci level of 38.2 has been fulfilled at this key level of 1.1740 which if holds up could imply that the retracement has finished or halted for the time being. - Could see price action consolidate within the previous trading range...
I have said it several times I remain an EURUSD Bearish bias - long-term - due to the monetary policies divergence, on top of the fact that market unlikely have fully priced it in (hence there could be more move to the downside). To the shorter term however, I am pretty much Bullish bias because of the following : 1) EURUSD has had a strong sell-off in which it...
Channel line represents key resistance area with pricing holding at that level. Possible scenarios: Target 1 represents 1.272 extension which coincides with lower pivot high Target 2 represent measured move break of prior trading range which also coincided with highest high S/L: Around 10 pips below wick of strongest bear candle @65.54 T/P: At pivot highs and...
Target area represents 0.618 retracement and mid zone of trading range Price broke past mid zone of inner channel and 0.886 retracement S/L below bullish prior signal bar on 2hour time chart @0.96697 T/P at confluence zone @0.97627 area RSI confirming upward price strong momentum Risk/Reward 1:3 (Sorry for the messy chart hehe)
You can either wait for gold to reach the top of the channel to initiate sell position or for a strong bearish signal from resistance area shown - indicating a shift of the market to the bears. Target is previous low which coincides with measured move of prior trading range break and midline of the channel. Risk/Reward 1:2.5
Price bounce from mid trading range and channel zone heading towards 1.618 extension of lowest low and following higher high. 1.618 extension is also upper resistance. 1.272 extension turned into support from previous resistance You can take the buy and set your target to that area or wait for price to reach that point and watch for potential sell reversal...
Trade 1: Wait for price to reach median trading range line/near top of support area and enter on bullish momentum Risk/Reward to Target 2: 1/3 Trade 2: Wait for price to reach major trend line/near bottom of support area and enter on bullish momentum Risk/Reward to Target 3: 1/7
USDCHF support area confirmed with mid range line and 50 fibonacci retracement Target area 0.618 fibonacci retracement matches with mid channel line Risk/Reward 1:2
In previous Analysis I was explaining a lot about our accumulation Zone and all the details that it required to be explained. Thus, I think I made a mistake on timing the market, and since I always update my analysis, when I checked my Chart I realize one thing, THE VOLUME, I know I have been talking about volume a lot, but I wasn't seeing correctly the volume in...
Now that ADA has had a break to the downside of support and corrective structure at (3), it is starting to look like we are in a large trading range (1). The box at (2) is a false break of that level but may also be the bottom end of the range--it is a little unclear where buyers will come in. The trend isn't super consistent across time frames so I plan on being...
The massive bull run of 2017 gives some context for the slow bleed of BTCUSD in 2018. While the failure of the parabolic advance in '13-'14 retraced more than 80%, the 2018 bear market has only retraced 61.8%, providing an argument for BTCUSD sinking further to $4000 as the bears continue to show dominance. I am not an expert, and this is not investment advice.
On Friday's Options Action, the crew analyzed the performance of Tesla (TSLA) stock. Tesla has traded within a range for over 3 years before breaking higher towards its $375 highs. Recently, TSLA has started to trade back into the range after a heavy selloff a few weeks ago. Coupled with lower Model 3 delivery numbers and dwindling cash reserves, risks are skewed...
We're trading inside a range right now. Here's how this trade should be done: 1) ABSOLUTELY NO POSITIONS SHOULD BE TAKEN ON THE GREY MIDDLE AREA. This area is way too far from both stop-losses, causing it to be non-profitable. 2) You should trade based on your "belief"/analysis: "is the market bearish"? If your answer is "yes", only short positions should be taken...
Range strategies are used when the market lacks direction Find support and resistance to define your range With any strategy manage your risk in the event of a breakout Support @ 1.218 Resistance @ 1.25ish
Dear Traders, As we continue to analyze the previous bear run of 2013/2014 on today's market we can only marvel on its beauty and the quantity of similarities that are flourishing. My Trading Ranges are: Max (11,4-11,9), Min (9,6-10,2). Due to strong bullish signals from my favorite indicators (specially today's Ichimoku (10,30,60,30) TK_Cross) I'm still...
Howdy Yall! On this episode of The Trend we take a look at how an asset sets up a foundation for further moves. Its important to understand some of the psychology which applies to both traders and investors when evaluating an asset. Here we look at BTC and its current trading area along with historical trading area's for comparison. Several times throughout...