Entrypoint
Entry Model | Supply and Demand, and Smart Money ConceptFirst look for the higher timeframe trend is the price making higher highs and higher lows? (For bullish market) or lower highs and lower lows? (For bearish market) bullish or bearish, then go to the lower timeframe and see if the lower timeframe trend matches the higher timeframe trend. After that mark your supply and demand zones, and point of interest(POI). If you guys like this post please hit like👍 and follow. Thanks.
Can Bitcoin still drop more??? As depicted in the chart we can see that BTC has created a zone between $3,500-$13,000. Bitcoin stayed within this range from about Sep2017 until breaking out Nov2020. Based on the Fractal indicator as of right now the market is searching for a new "low" or demand zone. This will show as the next green fractal is created. The MACD is showing that sellers are still in control and we are still in a downtrend. The Lips(green) of the Alligator crossed under the Teeth(red) signaling the first sign of a potential reversal. If BOTH the Lips and Teeth cross below the Jaw(blue) then a reversal is underway. I believe Bitcoin still has room to fall and buyers will be able to get in once this new low is established. No need to panic I would think the majority of us do not foresee BTC going anywhere anytime soon; so let's stay optimistic and make calculated moves.
3 scenario for btcusdt daily chart lot of liquidity under pink line and price need test that
when people are scared you should be greedy and vise versa but be careful
for entry point wait for drop bellow pink and look for buy pressure on candle like hammer or build a Clear structure
be sure whales ready for eat kilos of btc in 20k channel
Historically LTC Surges, 100% of the time if this Pattern Occurs>>> LTCUSD note: Since the middle of 2018, Litecoin - USD 50 Day SMA average has inverted upwards 8 times. The 8th time is occurring as we speak
7/8 times this has Chart Pattern occurred, it has been followed to a rise of LTC against USD . Will this be the 8th repeat?!?
>>> LTCBTC note: Since the start of 2017, Litecoin - BTC 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC . Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with my other reasoning in previous posts, is further confirmation that we will see the predicted rise in the next few days/weeks.
Hold the Line.
GBPNZD | Possible Bullish ScenarioGBPNZD created a Rounded Bottom pattern as we see on the 4H chart.
The Price is about to break the Neckline level ( around 1.93680 ).
Entry Point will be perfect in this setup after the 4H candle close above the neckline level.
Don't Forget: "The Market Is Always Right"
So nobody can predict the market, good traders only react to it. Good Luck!
Will Luna provide traders a second opportunity to enter? Traders,
As you know from my earlier video, I was about to enter WLUNA this morning but due to distractions, I missed the entry. Anywho, I am not one to FOMO in as I know that opportunities abound to those who are on the prowl for good setups and entry areas. There are plenty of crypto fish in the crypto sea. However, I love LUNA! It had hit my entry area (green box) perfectly and touched that support I have been speaking about for so long at $78. And I am bummed that I missed my entry. So, I decided to revisit this chart.
The first thing I did was zoom into the 4hr to see what I could spot in terms of trends/levels/patterns and I immediately spotted this bullish descending wedge which we broke out of to the upside this morning. Years of experience has taught me that we love to revisit and pay final homage to significant resistance in a move I like to call, "Kiss Mama Goodbye". This is where we stop at resistance (89.67), turn around, and then drop back down to previous resistance (now support), testing it one final time.
If this move occurs like I suspect it may, then we LUNA fanboys and fangirls will have one final chance for re-entry somewhere in the green box or below. Watch for this and set your buys accordingly.
Best of luck to you all!
-Stewdamus
GOLD | To The Top Again?As we see in the daily chart of XAUUSD, we have a perfect Double Bottoms pattern.
Its Neckline level ( around 1971 ) had a breakout & retest action. And the last day of the last week ( 15April ) left a bullish candle behind, as a sign of an upward continuation. And that makes the current price level is a perfect place for Entry Point.
The price possibly continue moving up till the highest resistance again ( around 2050 ). And the Clean Traffic on the opposite side of the ( W Pattern ) may help this scenario to be done. Noticing that we have more resistance levels on the other low time frames.
Don't Forget: "The Market Is Always Right"
So nobody can predict the market, good traders only react to it.
How To : Chart Formations Critical Second Top & Bottom Entry Hi Traders and Investors
This video is a follow up from my previous posting dealing with shifts of momentum.
This time we are looking to add an additional synergy - the second touch in a chart formation - which can be found in Double Tops, Double Bottoms and head shoulder formations. Correctly using the second touch on the chart formations has allowed me to avoid many mistakes in my evaluating my trades and I hope that it will help you in evaluating your trades.
When you look at the Double Top and Double Bottom chart formations, you will notice that high frequency trading and algorithms trading will often create the formation of a second top to the same level as the first top or slightly higher by taking stops pilling at the first top . At this point, you want to wait for the synergies to come into play and use your tools to look for a shift in momentum on the 2nd top touch see video.
Waiting for the shift in momentum to occurs after the second touch, is a critical piece of of information that will prevent you from taking trades that are likely to be stopped out on the first test.
Hope it helps have a great week end
Marc
AUDUSD Solid Short Position.💥 Entry for a nice swing trade Hi !
I've closed all positions, I only have AUDUSD @0.7520 Short position.
The price action shows a slow down in the new high highs and new lower highs.
I'm entering before confirmation ( disclaimer : this is not a trading advice )
I have same SL and TP as my chart.
If you like or share any opinion on AUDUSD.
Comment and like !
Thanks for reading
Carlos
S&P500 26.5% drop incoming? I am seeing the start of a possible textbook head and shoulders pattern on the futures chart. If we have a blood bath next week it could just be the start of the pain. Especially if we end the quarter badly (March 31st).
There are a lot of fundamental reasons we should be cautious in this market. Europe is seeing war on their doorstep. China is seeing massive instability in their housing market. US bonds (the blood of the financial world) are not catching bids. US banks may soon stop lending based on the yield curve, which will significantly effect the average American housing market.
My long term buying target will be staged at the late 2019 early 2020 high if we break down hard from here. I will begin laddering in when we get within 5% of 2019 high.
The next large drop in the market will see more stimulus. I am expecting 50-100T in stimulus is needed to keep this market even remotely stable in the next drop. This may be the final hurrah of the US stock market before a long bear market. Commodities are all breaking out which shows money is beginning to rotate.
We are playing in a high volatility market. Any leverage is a huge risk and should be done with the utmost care.
my support and resistance & 0trend line and positions & analysisthis are the levels where you can make a trades or take a positions with respect to price action like if you like this technical analysis
1st wait for getting perfect rejection on and trendline SUPPORT / RESISTANCE
2nd wait or beak out OR rejection
there are 2-4 entry position on price action analysis 1st and 2nd mention on the graph analysis
there are many other confirmation
like EMA of 50 , 100 ;
analysis perfectly working on 15 min time frame best for SCALPING POSITION
ETH + SHIB Reversal Entry & Exit Points Video This video is meant to show how the reversals are forming on both ETH and SHIB. I wanted to make a video to show actual entry and exit areas (generic ones) for scalping and day trading (some swing). If you enjoy my videos or TA posts please like and share much appreciated guys. -DiMarco
USDCHF headed for one of three possible directions.The USDCHF has currently been moving in a sideways market for quite some time now with no indication to witch side it might breakout and start a new trend. From current price I have identified 3 highly probable directions that the market could move in with 3 valid points of interest. It is always important to know what your next move might be when the market goes your opposite direction and what could be your possible next entry.
Lonza - LONN• Strong correction in the last days
• Nice support at 644.6/652
• In the middle of the correction period there is a small flag which marked the midpoint of the move
• Does the support hold at 644.6/652 or do we see a further correction to the next support at 610.40/623.8?
• In my point of view an interesting level to build up a small position and waiting for the next earning publications on January 26
ETH Descending Channel - Looking to long if it follows the planLong time lurker, first post, be nice! Constructive critiques welcomed. Been active in crypto space since 2017! Made plenty of mistakes, however my New Years resolution is to do more trade journaling, so here I am. First published idea, yahoo!
Macro picture defiantly looks ugly for first half of 2022. Got spanked being blinded by the laser eyes and have been sidelined while I try to find new entry points. I am not a good trader, so I am looking for long term buy and hold strategy and will take some cream off the top when market looks over bought.
This idea is to help myself stick to the plan. I often have the right plan and insights. The problem is execution. Hopefully this gives me the incentive and encouragement to follow through.
Idea background:
ETH has risen in MCAP from $11 Billion in March 2020 to $27B in July 2020 then of to the races to about $250B in April 2021. We topped out around $570B in November 2021. My thesis is that retail drove the demand to about $100B and Institutional money brought us the rest of the way. Why is this important? Cause institutional money doesn't lose money. So max low I see is that $100-120B area which translates to a $900-$1200 USD ETH price. If in this area or below then ETH probably not going to be #2 coin at that point and is lost cause.
Macro picture looks shaky and if the US Fed starts following through on its plan of reducing balance sheet of assets and actually starts hiking rates beyond what is advertised then we really are going down to that $1200 level. I believe current state of crypto markets is that the Fed will not follow through completely of accelerated balance sheet reductions and will stay at maximum 3 rate hikes this year. This illustration is what I think will happen. If the price stays in the channel I see the momentum starting to reverse in late February to March. If breaking above the channel the market is seeing new retail demand and we are back in bull season as the LT holders start off loading to ST holders. If break below the macro picture is looking dire for the rest of the year.
Help me get better at this by leaving some comments on what might help illustrate the above thesis.
I do have a finance background but am no TA expert. While I think TA is overrated in long time frames, it is hard to deny how much crypto moves at specific support and resistance levels of historical significance.
Happy new year!! I hope 2022 brings you all health, wealth, and happiness.
Edit 1: My buy area should be at 2750 to around 2000. I thing we touch 2400 at some point. I am back out at 1800 and below 1400 crypto is hibernating and it will be a long winter.
Pushing the CARTESICTSI is currently trading just above its long-term support. Although it may be tempting to show a breakout from the current structure, I believe it will continue in its accumulation phase for the short-term. This is due to the lack of stepped formation in its recent breakdown of price (instead a strong red candle formed as seen on the chart).
The stepped formation with long wicks would be a good signal for a CTSI breakout (as seen in previous breakouts). A great entry point would be between the 0.59 - 0.61 range. A good entry would be between 0.61 - 0.65. Remember, the idea is cancelled if a daily candle closes below the support.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Always DYOR and please feel free to leave a comment with your thoughts!