A couple of different ways of looking at this. The circle, I don't know what the idea is behind it, but I've seen it work before. I've seen others use it too. Secondly, there is a measured movement, if you take the base, the box would be the target. With 50% and then full 100% target.
I personally am more of a stock trader - I always thought that if I put my analysis to work on a crypto chart, I’d find major opportunity - but, didn’t even want to get involved in any coins other than BTC and ETH. Random DOGE purchase before the first pop on word from a friend - and most recently SHIBA INU prior to its .000045 pop. I’ve returned this month after pulling up a chart and running through recent time frame action, along with the obvious crypto boom approaching with TRUMP. Decided to throw a small amount in both SHIB, DOGE, and ETH. But specifically analyzing SHIB, I’m seeing incredibly healthy liquidity building and seeing an increase in bullish volume at created levels of demand. Each time we re-tap a demand zone, we essentially confirm it as a liquidity level that was built purposely to establish A) strong demand and B) a more sustained move up. We’re seeing this happen on the LTF and is fitting into our HTF picture as well (I’m talking known resistance from the last large price boom). We’ve come to reattempt a break of a known HTF level of resistance now - each time adding liquidity to that zone and increasing the potential of this becoming a level of support in the future. From the HTF perspective, we are closing a HTF cup utilizing a previous liquidity level to create the healthy potential of a larger breakout. It can, however, prove to be an impenetrable resistance zone and be at a natural top of range for the time being. However, what we’re seeing based on the volume and both rejection and support, we see an increase in bullish buying at higher and higher established demand levels and also an decrease in selling at that same HTF supply zone At the same time, this same process happens on a LTF level and can prove either stronger supply or demand at lower and tighter levels and indicate where we have become more bullish than bearish based on where the HTF needs to go. Anyway, bullish SHIB and I personally bought some recently at the ..000027 demand and then again where I identified in the video at that .29 demand grab. Happy trading and weekend all :)
The GBP/USD pair has recently reached a Fair Value Gap (FVG) zone and formed a strong bearish daily candle closure. This price action suggests that sellers are gaining momentum. Our short setup targets the extreme demand zone at 1.2400. A confirmed daily close below the last minor swing low (around 1.26300) will serve as a strong signal to enter short positions and validate this bearish outlook.
Nearest area exactly thats daily gap , consider pullback in S30 area , daily range is +-100ticks with bull weight
tryingn a short, i like wicks to be revistited, this is a big wick
The big red line with dashes is self evident enough that its easy to overlook. Not only is 100k a strong psychological resistance level, but it is converging with the big red line. This just means that the resistance level is moving higher over time. If you're waiting for the big breakout, I believe that is the bridge that must be crossed not just 100k. I believe the price will basically go sideways until late January 21st. HOWEVER, the possibility must also be considered of a "buy the rumor sell the news" type movement. But imo as long as Trump makes it to the WH then we should be good. Even if they declare some new global health emergency that will likely only add fuel to the fire for crypto even if it sucks for everything else. Call me whatever you want this is the scenario. Good luck everyone.
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Based on our on strategy, we have execute a long position on XRPUSD at the price of 1.5491 and we set our stop loss at 1.4616 according to our strategy. The market moved smoothly and meet our requirement of using our Tracking Take Profit .Still, according to our strategy, we moved our stop loss to the price of 2.5131. The market made it to the highest price of 2.9000. In this period, we did not found any place that fulfill our requirements of our strategy to move our stop loss. The market went down finally and hit our stop loss. The stop order was executed successfully. The total risk and reward ratio is 11.02. 1) This is an easy trade for us as the market went up smoothly. There are not much fight in a trader's mind. However, we do not assume all trades would be easy as this trade. A trader's patience is still a very important. 2) Follow for more. I will share my trading thoughts, plans and summary of trades I made recently. Stay tune :)
- Price has been consolidating within a range for the past week, following the recent bearish move from 2718.0. This range suggests the market is accumulating orders in preparation for the next potential breakout. to be clear I do not know or predict the next big move, but what is clear that before expecting a bullish move we should see at first a small bearish move to take the liquidity below 2605.0 and maybe create a full retest to extreme demand zone at 2580.
United States Steel is back baby with BIG T BACK in office we will see more support for US companies and NYSE:X will run its time to bet on us aging