We have displacementWe have a daily breaker block as our higher timeframe base and and a broken structure before price hiked to clear the swing high at 0.81600. The gathered data indicates a strong bullish market because price filled the fair value gap imbalance, mitigated the order block and we have a clear displacement due to the body close that spiked 0.81700. From here we ought to expect a flip to the unmitigated fresh demand zone for bullish positions. Going aggressive on this one is optional, looking to execute at 0.81420, stop loss of 15 pips just below the demand zone for price to breathe and we are targeting the supply zone at 0.82020 which adds up to a 60 pip target…
Fractal
$SOL - LONG - SINCE $8CRYPTOCAP:SOL
July 2021 - CRYPTOCAP:SOL Breakout
vs
July 2024 - CRYPTOCAP:SOL Breakout
Patterns Don't Repeat, but Often Rhyme.
Been hooting and hollering on here since $8 CRYPTOCAP:SOL , this might be the last possible chance to safely enter $SOL.
GL HF. NFA.
#SOLANA
- @CryptoCurb
LONG BTC📊Analysis by AhmadArz:
🔍Entry: 60.252
🛑Stop Loss: 57.722
🎯Take Profit: 62.500 - 65.000 - 68.450 - 71.777 - 76.500
Maintaining the $58,000 Support Level 🔴:
This level acts as strong support. If the price cannot break this level and remains above it, the bullish trend is likely to continue.
Price Targets in the Bullish Trend 📈:
$62,497.20 Level: The first significant resistance level that the price may reach. If the price can break this level, the probability of continuing the bullish trend increases.
$65,008.07 Level: The second resistance level above $62,497.20. This level can be considered the next price target.
Colored Resistance Zones 📊:
The gray zone between $62,497.20 and $76,514.94 acts as a significant resistance area. If the price can break through this zone, it may reach higher resistance levels such as $71,773.98 and $76,514.94.
Candlestick Patterns and Trading Volume 📊:
Examining candlestick patterns near the $58,000 support level can provide indications of trend reversal and a return to the bullish trend. Additionally, trading volume can be an indicator of the validity of these moves.
Trading Strategy:
Traders can enter long positions by maintaining the $58,000 level and observing signs of a price rebound. Using a stop-loss below the $58,000 level is recommended to reduce risk.
Upon reaching resistance levels like $62,497.20 and $65,008.07, traders can take partial profits or use risk management methods such as trailing stops.
📈 Conclusion:
As long as the $58,000 level is maintained, the bullish trend remains intact. Traders can leverage this trend by focusing on the identified resistance levels and employing risk management tools to maximize their gains.
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BLX Global Final View - BTC - $1 000 000 ?According to Wave Theory:
In the impulses of a wave of the same degree, channelization is observed
2 wave is most often a zigzag
2 wave is most often a deep correction
3 wave equals 1.618*1 wave.
The 3rd wave is the most powerful
4 wave is most often flat according to the rules of alternation
5 wave is mostly equal to 1 wave
BUT
Bitcoin is a commodity market
And in commodity markets, the 5th wave is most often extended.
At what price will YOU exit?
August 4th 2024 bullish entry $PEPE Fractal market analysis by Benoit Mandelbrot suggests market assets replicate former instances of price action due to the simple idea that, "Something can only be what it is; it can not be what it is not." This theory, coupled with a continued recent trend in whale purchases of BYBIT:1000PEPEUSDT.P , implies that the logic made in the provided image may be a worthwhile opportunity.
nas100 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH & PML: Previous Month High and Low, serving as significant resistance and support levels.
• PWH & PWL: Previous Week High and Low, indicating recent market highs and lows.
• PDH & PDL: Previous Day High and Low, indicating recent market highs and lows
• Daily FVG: Daily Fair Value Gap, indicating areas of market imbalance.
• BSL: Buy-side Liquidity, areas where buy orders are placed.
• SSL: Sell-side Liquidity, areas where buy orders are placed.