Consolidation
Band Protocol: Anticipating Major Volatility In The Near FutureBand has already had a huge move upbut despite that it's not trading anywhere near the levels it used to trade at relative to it's highs. I think that now that the RSI has cooled down from it's recent highs that we will now see Band Continue the Bullish Momentum and make a move up to around $4.50 thereby completing a the Bull Flag it's Developed here.
ChainLink - Looking StrongI like this chart of LINK to be honest, nice ranging for some time of consolidation - looks primed for a decent move up.
Breaking the mid-range now to the upside - want this to hold.
Nothing to get too crazy excited about yet, but breaking above this macro (larger) range would be huge, that is what I'm anticipating.
I've watched this same chart for some time and it is respecting levels nicely, grinding up and holding demand.
LINK Marines may just push this one higher.
V
NVDA daily RSI divergence with pinnacle pattern consolidationOrder BUY NVDA NASDAQ.NMS Stop 122.08 LMT 122.08 will be automatically canceled at 20230401 01:00:00 EST
NVDA daily RSI divergence with pinnacle pattern consolidation if we clear it from above can run into downtrend resistance trendline
3 potential outcomesHey Dogers!
Gaps need to be closed between 12 and 6 cents
If we don't dip into the blue box to close those gaps now, we will likely break 16 cents on the climb to ~20 cents at the 0.5 FIB before falling down
Bull: extend to 20 cents, pull back to 16, extend to ~32 and beyond?
Balanced: Consolidate around 8-9 cents (bottom of the blue box) meaning ups n downs with lower highs around 14 and higher lows in the 6-7 cent range
Bear: Drop to test 4.9, pull back to ~11, fall down to ~0.1 0.2
I think the bull case is most likely in the short term, lasting to the end of the year. We are coming off a multi month bear side, we should see a few weeks of consolidation before more volatility.
GBPAUD distributionThe pound had rallied against the Aussie for a while. But then we went into a large consolidation pattern. This looks to have fake'breaked to the upside and now is making moves lower.
We could get a continuation pattern at a break of this morning's lows. The best thing to do would be to overlay a Wyckoff schematic and see if it could be the end of a distribution period.
AUD /JPY BUY LIMIT ORER hello traders
In today's session, we placed a pending buy order for AUD/JPY at 94.674, the first target at 94.953, the second target at 95.226.
AUDUSD Sell IdeaHere are my thoughts on an AUDUSD sell trade idea. As we can see, market structure is headed down and price is in expansion from the consolidation. I think that it will take out the liquidity and hit supply sometimes around New York session that continue down with higher timeframe structure. If you are familiar with the price cycle, the zone gave us consolidation and expansion and now we wait for the retracement to supply where we will wait for a change of character the another zone on the smaller timeframe to trade from.
ADANI ENTERPRISES STAGES!!BLUE CIRCLE: is the consolidated market after the nifty 50 gave its bull run recently after June 20th.
ORANGE CIRCLE: is the buying and selling, basically the manipulation of stocks for the short period.
RED CIRCLE: and now the current stage, where the stock is forming A HIGHER LOWS PATTERN, chance to give a breakout.
PURPLE LINE: is a support.
AUDUSD BUY trade taken!! UPDATELooking for this rejection to continue and hopefully we can see a nice push up to then give us a risk free trade to start the week! First targets 0.65000 where ill look at taken a percentage then hopefully can push higher!
DIA daily consolidation after long day candleOrder BUY DIA ARCA Stop 305.35 LMT 305.35 will be automatically canceled at 20230401 01:00:00 EST
DIA daily consolidation after long day candle. I mean, if we clear this local high pivot, we can go retest the trend line.
Mdex - Symmetrical Consolidation I am long.
Some serious consolidation here charging up for a large move imo.
If the market continues to push green, I think there's a good chance we see 30 cents Mdex. However, we also saw relative strength of MDEX flourish during the past few weeks as you can see on the chart, so we'll see how it reacts to the market if we get a bullish rally (decorrelated? I doubt it, but worth minding given its recent PA compared to the altcoin market).
Stop-loss below recent low (~17 cents) and invalid on a breakout below this triangle.
Manage risk, don't assume this will break upwards.
V
Oct 24th-28th.Big Tech Earnings Week.I hope everyone had a nice weekend. Stepped away from the markets on Friday as I went to Ensenada Mexico to celebrate my grandfathers 90th birthday. Dude is still going strong and showing no signs of stopping! Always important to spend time with your family, be present in the moment and not always think about the markets. Now, let's get into it.
Interesting week last week as we finished Friday with a big green day. Which took many by surprise, especially after Thursday's candle, signaling a more bearish week. But if you sit back and take a look at the bigger picture, we've been in this zone for a few weeks now playing this tug of war game between the June lows and 3800. So, this is still a corrective phase that we're in and I don't think this is THE bottom. Remember that in Bear Rally's, sharp rebounds are to be expected. We're at the 20 EMA still and could continue to go touch the 50 EMA which would put us at 3800ish, 3850ish and still be considered a Bear Rally.
With higher pivot lows forming, interest rates still rising with the 2 YR @ 4.6% and an inverted yield curve and a Fed with now intentions on pivoting. You gotta ask yourself: "Do we continue higher with all these head winds?". Many of these "earnings beat" headlines were already on reduced guidance.
Corrections can happen two ways. With time, and with Price. Since about September 23rd, we've been correcting with TIME. And now looking for a corrective phase in PRICE with the move we saw on October 23rd and Friday's move.
Now if we take a look at the VIX, you would think with all this volatility, it would be more aggressive but the VIX is a forward looking. It implies what is to be expected. And expectations came down last week but not significantly.
Here's something to consider. Refresh and then Reinitiate. Sometimes when the market gets confusing, it's best to sit back and be patient for the right entry. Cash IS a position. Nothing wrong with waiting for a clearer picture. Look what happened back in May and June. There was hope in the market as it jumped up between the 20 EMA and 50 EMA before it continued lower. So, similar thing could be playing out here again. Let the hope phase fizzle out and reinitiate your execution.
This week we have AAPL, AMZN, GOOG, MSFT announcing earnings and these guys are heavily weighted in the S&P, so important to pay attention to market activity. I am still bearish but not as bearish until I see what happens this week. Mange risk accordingly, position size, stay disciplined and patient. Happy Trading everyone!
QCOM daily pinnacle pattern consolidationOrder BUY QCOM NASDAQ.NMS Stop 116.64 LMT 116.64 will be automatically canceled at 20230401 01:00:00 EST
QCOM daily pinnacle pattern if we break above can expect C wave ABC correction up.
AUDJPY Sell IdeaHere are my thoughts on AUDJPY coming down from the supply zone. We can see on the 4 hr that market structure is coming down and it went into accumulation and created liquidity. I also saw the liquidity was taken above the accumulation/consolidation and tapped into the 4 hr zone.
From there I dropped to the 15 minute zone and saw that once price tapped into the 4 hr zone, it created inefficiency, took out liquidity, and had a change of character. Right now, on the retracement, it is creating liquidity and I'm thinking that it will take out the liquidity on its way back up to fill the ineffi,ciency then continue with the downward market structure.
BTC POSSIBLE DIRECTIONS CLEAR PICTURE Hy my name is rukhshan warraich .
Lets take a top-down (htf-ltf ) approach to analyze bitcoin next movement .
1w-1d-4h
a) Technicals
lets first consider 1w data :
btc currently ended the h&s pattern but the price target area has not been touched yet that is a bearish movement (which is around 11000 per bitcoin )
left shoulder of the h&s pattern is higher than the right shoulder which makes it more accurate and valid to have a bearish movement .
curently btc is in consolidation phase where bulls and bears have no proper control over the price .
the next major technical support is at 11800 (very bearish move ).
1d data:
btc formed bearish flag (18june - 15 august ) and then showed a bearish move (almost -5800 usd down )
curently forming a descending triangle is till now playing good .(bearish pattern )
support is well kept but the price at support is fluctuating (17700, 17400 , 18200)
big picture shows btc is making a double bottom pattern with a price target of
(24500 , 28000) which looks not posible considering the economical conditions .
so the last hope is that it holds the support or loose it to confirm the very bottom .
halving is in 2023-2024 and considering economical conditions and inflation bull run is not possible.
4h data :
symmetrical triangle which can break from top or bottom (not confirm yet but most likely to the bottom )
b) fundamental analysis :
elsalvador is thinking of not buying more bitcoins as 70% of the population voted against buying more bitcoin.
maybe elsalvador will sell causing more panic .
market has not much reacted to good news so far .
sentimental :
people needs to withdraw money because of inflation and economical crisis .
conclusion :
considering all these points , btc can still take a relief rally till (19700-21000)
but the overall market is still bearish .
like , share & comment .
US30 4h Trading RangeUS30 Consolidation in Intraday Trading Range
Formed mitigation at top to fuel push downwards
Price should go to 29000 within the range
USDCAD: DXY Likely To Consolidate Before Major Uptrend Resumes!DXY is Bullish on long term, however after another upwards impulse it looks like time for consolidation has likely arrived. Here we focus on the USDCAD 4H chart, where the price seems to be loosing momentum as evident by the RSI & naked eye. The key here is to of course as always wait for the support break and then only go SHORT provided the price retraces to offer us at least 1:1 RR. Have a look at the chart for full details on this potential trading opportunity.
Keep in mind, this is just a potential short consolidation move, after which the uptrend might resume as the DXY is expected to gather strength.
Trade Safely & Cautiously. Cheers
AUDUSD shortFX:AUDUSD
AUDUSD is in an overall bearish market. Price broke
strong support level after a brief consolidation on the 1H
timeframe. It retested at support turned into resistance
and also retracing at the 38.2% Fibonacci PRZ level with
a bearish engulfing candle on the 30 min as confirmation
to go short on AUDUSD.
Will BTC Break Its Consolidation Range This Week?Over the past few weeks, BTC has consolidated around the $19,246 level, which is the Fibonacci level of interest discussed in a number of recent posts in the past couple of weeks. See the links embedded in the Primary Chart above.
BTC has chopped above and below this $19,246 level quite a few times, forming a tight consolidation range between and $18,232 and $20,225 approximately. Each breakout move has resulted in a bear or bull trap that fails to follow through with a sharp reversal back to the opposite side of this level. See the intraday Supplementary Chart below for an overview of the past two weeks of price action with some of the prominent failed breakouts highlighted with circles.
Supplementary Chart: Key Fibonacci Level at $19,246 with Multiple False Breakouts in Both Directions
The failed breakouts in both directions have likely been a source of frustration for bulls and bears alike. Each move has been essentially a trap move that failed to follow through, with a sharp reversal to the opposite side of the $19,246. As pressure mounts on major equity indices like the S&P 500 ( SP:SPX ) and NDX 100 ( NASDAQ:NDX / NASDAQ:QQQ ), with many of them undercutting June 2022 lows, BTC is like to follow suit in short order. This does not negate the possibility of BTC yielding a sharp OS bounce in the coming week or two after a trend move lower.
One argument for the bulls is that BTC's sideways chop action has resulted in its relative strength becoming quite impressive. Equity indices have been plummeting sharply since mid-August 2022 with little reprieve. But BTC during this time has largely chopped sideways after losing a few key levels in late August and early September 2022.
BINANCE:BTCUSDT
BITSTAMP:BTCUSD
COINBASE:BTCUSD
KUCOIN:BTCUSDT
KRAKEN:BTCUSD
CME:BTC1!
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Author's Comments:
(1) Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate in the comment section. Shared charts are especially helpful to support any opposing or alternative view.
(2) This technical-analysis view does not constitute a trade recommendation or trade setup. Instead, it attempts to offer technical commentary that describes and analyzes price levels, trends, price action, or the broader technical environment as of the publication date. Technical-analysis commentary does not equate to trade setups or recommendations. Within a given price environment, traders bear responsibility for their own trading strategy, risk tolerance, and time frame, and for any due diligence associated with such trades.
(3) This technical-analysis viewpoint could change at a moment's notice, e.g., when price violates a key level of invalidation for a particular view. Further, proper risk-management techniques are vital to trading success.
(4) To the extent countertrend price moves are discussed, consider that countertrend or mean-reversion trading, e.g., trading a rally in a bear market, remains higher risk and lower probability even for the most experienced traders and investors.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified / licensed financial adviser or other financial or investment professional before entering any trade, investment or other transaction.
BITCOIN- What now?1. possibility:
BTC continues to move down as it gets rejected by the trendline and key levels.
Possible bottoms:
1) -0.382 fib level (12219)
2) -0.5 fib level (10550)
3) even lower points, some even say 3k
2. possibility:
BTC breaks the June 2022 big drop trendline, breaks key fib levels and visits the moon. 100k? 150k? 200k??? Who knows...
Enjoy the show!
Be a part of it too!
We will see how this plays out...
There is even a 3. possibility:
BTC continues to move sideways for another long period of time...
ADANI GREEN ENERGY!! PATH!!this astock will go down till 2000, and then move up and continue to its trend!!
1. purple line is the trend actually trend, based on stock getting consolidated.
2. blue lines are the major levels.
3. black lines are the trends which define that stock will come down till 2000, and then move upside(since reaching at 2000 level, the stock will be at its bottom).
I HAVE DRAWN THE 4 PHASES GREATLY(REALLY SORRY FOR THAT BAD SCRIBBLE:P), BUT YES I HOPE YOU ARE GETTING MY POINT.
SEE YOU IN MY NEXT ANALYSIS.
Bitcoin Bottom FormingWe get a typically SHS Bottom o.e. in the next month and we will see how this played out, every -20% move is a good buy longterm.
