Weekly: https://www.tradingview.com/x/6TArRrE7/ -FVG. -Liquidity sweep. Daily: https://www.tradingview.com/x/J9cqtdqk/ -H&S pattern. 4H: https://www.tradingview.com/x/YXf5RFMs/ -H&S pattern.
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) https://www.tradingview.com/x/GJDLWqbv/ Since the RSI indicator has fallen below 30, if the price maintains or rises at the current position, the HA-Low indicator is expected to be generated. Therefore, the key is whether it can be supported near the Fibonacci ratio point of 2.24 (83646.12). In order to turn upward, it must rise above the M-Signal indicator on the 1D chart. However, in order for a full-scale uptrend to begin, the price must rise above the M-Signal indicator on the 1W chart and be maintained. In this regard, I think that the Fibonacci ratio range of 2.618 (87814.27) ~ 1.618 (89050.0) is an important support and resistance range. - The fact that the HA-Low indicator was created means that it has escaped the low range, so it can be used as a basis for creating a trading strategy. However, if it falls without support near the HA-Low indicator, there is a possibility of a stepwise downtrend, so you should think about a countermeasure for this. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) https://www.tradingview.com/x/YtZx6YSG/ Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - https://www.tradingview.com/x/zTnWN2r7/ The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
Just entered a buy trade on gold (XAUUSD) after price tapped into a key demand zone on the M15 timeframe. ✅ Reasons for Entry: Bullish reaction at the demand zone. Liquidity sweep below previous lows. Price respecting key support level. Potential retracement after a strong downtrend. ? Target: Looking for price to reach the nearest resistance zone, possibly around 2891.14 if momentum builds. ? Stop Loss: Just below the previous low for risk management. Will monitor price action closely—let’s see how this plays out! What are your thoughts? ??
Gold has been fluctuating and falling since the opening of 2920 on Thursday. It fell below the double bottom support of 2876 in the US market, and fell to 2867, a drop of 53 points. The current support below is near 2863. If this position is broken again, it can be basically determined that the top of 2956 has been formed. From a technical point of view, gold has now directly changed from the previous strong shock to a weak decline. The topic to be discussed at the end of the week is whether the strength and weakness will change. Friday is also the most critical day of the week. If the weak shock turns strong again and breaks the upper 2920 position, then we can continue to look at the previous decline point 2942. Even 2956, Thursday closed with a long real Yin line, then the specific point below can be shown in the support 2863, and the upper focus is on 2900 and 20. Therefore, in the short term on Friday, we must pay attention to the gains and losses of 2920 above and 2863 below. The specific operation idea is to fall back to 2865 and look at the gains and losses of 2900 above, and then judge whether the strength and weakness have changed. It is recommended to buy at the current price of 2875, stop loss at 2870, target at 2888-2895, and short in the upper area of 2895-03, target at 2880-2875.
Big liquidations in the crypto markets over the last 48hrs with sentiment turning very bearish. But from a technical pov does this look bearish to you? The Elliot Wave correctional waves couldn’t be any clearer with beautiful symmetry. The market already tested deep into the demand zone and has shown some strength to suggest it’s a worth a go in my view for a long trade here. Trade probability 5/10 Risk to reward 9/10 Overall rating 7/10 1:28.5 Risk to Reward ratio
bottom wicks for longs top wicks for shorts slight bull tilt Check out our socials for some nice insights. Let us know if there're any pair you like to see or if this is something you like. Do ask if you have any question Not as refined as our direct trade setups. More for advanced active traders. information created and published doesn't constitute investment advice! NOT financial advice
hi traders COIN stock looks bad. Monthly close is upon us and it looks like it's gonna be a bearish engulfing candle. In the next few weeks I expect a bounce and retest of the previous support around 245$ where we should get a rejection and the continuation of the downtrend. We can see a bearish divergence in the monthly time frame. COIN's chart looks pretty similar to the BTCUSDT chart that we analyzed today: https://www.tradingview.com/chart/BTCUSDT/XQ92sv3C-BTCUSDT-it-will-go-lower-in-2025/ Recommended strategy: 1. Short around 245$ area and take profit near 180$. 2. Play the bounce from 180$ Good luck
Sequoia's Roelof Botha apparently sees another greed cycle brewing in venture capital where the least sophisticated investors could get hurt. © 2024 TechCrunch. All rights reserved. For personal use only.
The Securities and Exchange Commission issued guidance on Thursday saying it does not view most meme coins, which are crypto tokens that originated from memes, as securities under United States federal law. As a result, the SEC says it does not believe people who purchase or hold meme coins are protected by federal securities law, […] © 2024 TechCrunch. All rights reserved. For personal use only.
hi traders, This is probably not what most traders want to see but we must be realistic. The monthly close is upon us and it's not gonna be a bullish close. A lot of selling pressure and it may be just the beginning. A 13 % correction on SPX is more than likely in my opinion. If the price loses the upsloping support, we will see the mark-down pretty soon. Stoch RSI suggests that the bears are taking control. My target for SPX is between 5200 and 5000. Get ready to buy cheap stocks and cheap crypto!