Rejection at retest 44k Head Shoulders Neckline 0.618 Fib Retracement on the 16 week All time High cycle and yearly time cycle
Thinking bull trap, one can't help to initiate Hopium and see a reversal of the downtrend which seems tough from here. Consolidation in certain ranges may be key to watch. As with all my charts, they are just a simple snapshot into trends. Please request more detail or specific content, I would love to share more opinion and hear more feedback for my...
overbought, reached top of bear trap. But it did break the trend line. Maybe we got a little bit higher before the fall.
DXY keeps smashing targets to the downside next target 95.126
idiots who fomo and think market only go up deserve to be punished.
by Constantino Principles of Professional Speculation" written by Victor Sperandeo (Trader Vic), analyses one of the powerful topBottom reversal techniques. Trader Vic describes this technique, "In an uptrend, if prices penetrate the previous high, but fail to carry through and immediately drop below the previous high, the trend is apt to reverse. " The...
just following a downtrend from an uptrend marked up on the daily.
- SMC based Bitcoin "W" pattern, see linked post for more info OB - orderblock IMB - Imbalance ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be...
Let the image speak for yourself... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) If you have any other ideas or simply disagree,...
The battle is on..slight retreat. seems i was right.. the bears are in control this week Bulls are showing strength on the field but the war is not over..... 1.125 👌 it will all end there..
Hello Traders Hope everyone is well this week i am feeling Bearish ! Last week we had a great rally with an expected drop on Friday.. those that caught it ;) this week i am anticipating - movement to the upside(TRAP) 1.145 area is a possible sell zone.. Plenty liquidity sitting at the bottom yellow line.....
Price has formed equal highs and equal lows within this tight range. Could we see the lows taken first before we bounce off the demand to tackle the liquidity caught higher? It seems likely. I will trade this pair either way, depending on which zone rejects first. Good luck traders! 🏌️♂️
This pair wiped the Asia high whilst taking a level of resistance. If we manage to cross back over the Asia high strongly bearish, the price is likely to fall into the zone of trapped sellers. I have illustrated what I would like to see today. Always drop into the lower timeframes before confirming a trade, BOS is ideal. Good luck today traders!
As time goes by and supply and demand trading popularity increases, we can expect more manipulation. If you are trading supply and demand, be aware of the bank's effort to remove key players before the true move follows. In this example, a perfect supply is formed. Sellers got induced with a bearish wave only to be liquidated moments after. Once the liquidity...
zooming in on the daily timer frame we can see a possible inverse H&S pattern GLTA
MFSL is trading in congestion zone dont get trapped in this area. Price got rejected multiple times here. Wait for 1045 to break & then recommended to buy with stoploss of 1000 & targets of 1090/1120
Wait for the trend change to be confirmed as nothing is clear yet However, these conditions are more likely to fall, and only if the price above $ 53453 stabilizes, we can hope to climb in the short term.
As things heating up and quite bearish i remembered a similar setup back in the summer of 2019 (see chart) ... 369 EMA is not a well knowed moving averge,yet the number is a fibo number and the moving averege itself works quite nice in case of BTC on all timeframes(some uses 377 ema) As you know we are in similar position today ,price is right on the 369 daily...