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USDCHF: Key Level Rejection, Retracement ExpectedPrice recently broke out of the daily (D) descending channel. It then pushed up to meet the daily (D) 50% Fibonacci retracement level, converging with resistance. Price then rejected this level and pushed down to retest support before breaking out of the four-hour (4H) downtrend line. Price then pushed up and reached the daily (D) key level and converged with yet another 50% Fibonacci level. Price seems to be rejecting this level, highlighting temporary reversal and suggesting a possible retracement. I expect price to temporarily retrace to around the 38.2% level before continuing to the upside. **Rationale:** ~ Breakout of Channel (D) ~ Retest of Support (D) ~ Break of Trendline ~ Retest of Support ~ Rejection Candlesticks ~ Break of Nested Trendline ~ 38.2% Fibonacci Retracement **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
Visa (V): Poised for Significant Gains - Key Levels IdentifiedOn the Visa daily chart, we can see that the ABCDE correction completed Wave (4) at $174.60. Since then, the stock has been moving upwards towards Wave 3. We expect significant gains for Wave 3, but a short-term correction might still be necessary. From November 2023 to March 2024, Visa experienced a strong upward movement. Currently, we are in a correction phase that might already be completed, but there is a possibility of another dip. If a dip occurs, the price levels between $259 and $249 will be very interesting. We should not fall below $234, as this marks the top of Wave 1, which should not be breached. Additionally, we need to break above $305 to confirm the formation of Wave 3. It is possible for this wave 3 to reach up to $364, even a little higher but looking at the past price action our target remains at an maximum of $364.
NYSE:VLong
by freeguy_by_wmc
2
Bluzelle (BLZUSDT): Strategic Spot-Buy OpportunityDuring our recent livestream, we highlighted BLZUSDT as a potential spot-buy opportunity. We identified several key levels of interest for entries and stops. 12-Hour Chart Analysis: The weekly fair-value gap nearly overlaps with the three-day fair-value gap, making this level a significant potential entry point. Additionally, the lower support zone, which has frequent price interactions and includes another three-day fair-value gap, offers a secondary entry level. We'll place our stop-loss just below the midpoint of the monthly fair-value gap, marked by a blue dotted line. In conclusion, BLZUSDT looks like a promising spot-buy opportunity with clear entry levels and a strategic stop-loss placement. We look forward to seeing new highs well above $0.48. Yearly VWAP Analysis: In addition to our usual analysis, let's take a look at the VWAP (Volume Weighted Average Price) charts to fine-tune our strategy. Specifically, we'll focus on the annual VWAP for 2023. The current position of the price is between the 2023 VAH (Volume Area High) and the 2023 VWAP. We expect the price to reach the 2023 VWAP, aligning with our first entry level. Our stop-loss aligns with the 2023 VAL (Volume Area Low), providing extra confidence in this support level. This alignment, though unintentional, suggests strong support. The annual VWAP chart adds more validation to our BLZ-USDT strategy. Aligning our entry at the 2023 VWAP and setting the stop-loss just below the 2023 VAL strengthens our support levels and makes our setup more robust. Quarterly VWAP Analysis: The price has fallen below the 2023 Q4 VAH (Volume Area High) and is now nearing the 2023 Q4 VAL (Volume Area Low). The price is approaching the 2023 Q4 VAL, a crucial support level. Both the 2023 Q3 VAH and the 2023 Q3 VWAP closely align with our primary entry levels, adding further confidence to our strategy. Our strategy summary involves aligning the primary entry with the 2023 Q3 VAH and the 2023 Q3 VWAP. These levels overlap with our identified fair-value gaps, providing potential support. The quarterly VWAP chart strengthens our confidence in the identified support levels for BLZ-USDT. The overlap between the annual and quarterly VWAP levels at our entry points suggests strong support, making this a promising setup for a spot trade.
Long
by freeguy_by_wmc
Gold Possible Drop incomingI believe gold is likely to continue lower, Let me explain why> Based on this image you see here, gold has been stumbling about this level for quite some time, at least 4 days. Due to the fact that it appears to be a "support" I am thinking that there might be buyers trapped in buys or at the very least induced to buy at this level. Which means stop losses of same said buyers would likely be below this (cyan level) See image below. Now gold is a bullish market overall, on the monthly timeframe. Which means buys are likely the overall play but in order for gold to go up it needs liquidity (energy) to do so, how does a market get liquidity? By stopping out traders from the opposing direction. This can be further possibly be confirmed by paying attention to the way the last 3 monthly candles have formed and closed The way the market is behaving at this high I believe that it is suggesting that it is rejecting the high which also suggests sells. So far so good right? The monthly and weekly timeframe do not add anything to my analysis so I will skip them both. The 4 hour timeframe shows where price heavily pushed out and up away from the consolidation, this was also during and around NFP and after FOMC. If it were going to buy, it would continue to buy right? But if we pay attention to the last few candles I think you'd agree with me in saying that bearish momentum is actually increasing, no? Why would bearish momentum increase if buys are incoming? The 1 hour suggests rejection to this same (cyan level) but it is staying at and around this level for quite some time, if it were rejecting, why is it staying there for so long? Who is it really trying to induce? The 30, 15 and 5 minute timeframes do not add anything to this analysis so I will skip. The 1 minute timeframe shows a gigantic drop with price halting at and around the (cyan level) why? Price is again sticking around this area, which suggests buys to the greater population of traders but every time I bought today, the market barely went up. I was fortunate enough to end my trading day at a net positive but the buy feels very sketch for me personally. I believe Gold will continue to drop before the buy actually presents itself I am going to the 15 minute timeframe to show what I think is likely to occur. This is what I believe can happen. Boost the post if you agree with my analysis.
OANDA:XAUUSDShort
by Brandon_evo4
Are We Bearish on the 4 Hour Chart...?On the lower timeframe, we have seen a great deal of bullishness. But all of this bullishness on the lower timeframe of the 1 hour has been seen as a move to drive the market into our earlier marked out 4 hour reversal zone. Market is currently in our reversal zone, and we are seeing some signs of reversals. We will wait for a confirmation of the reversal to enable us jump in on it. It is expected that our zone will hold, the market will reverse, and we will see lower prices printed. Our target on the downside is the 4 hour liquidity target at 1.06657
by PanzyPips
BTC Analysis | Bearish Trend and Key Support Levels 1D TFIn the last major rally, BTC needed approximately $522 billion to drive a 51% surge. Data from Feb 5 to Mar 4, 2024, highlights the substantial capital influx required for such a rise. Given current market dynamics, the availability of similar liquidity to ignite another significant price jump seems unlikely. 1D TF highlights a key support level around $ 53K ~ $ 50.5K. This range is crucial to monitor before expecting further price drops. Additionally, there's a strong resistance zone at $60K ~ $65K. Bitcoin is likely to test the $ 65K resistance level before resuming its decline. 🔴 Still Keeping My Bear Stance 🧸 I’m waiting for the Price RANGE of $ 30K ~ $ 25K to open a LONG Position. Disclaimer: NFA ➖ DYOR 🧠 💡 Open for discussion on this analysis 💬
COINBASE:BTCUSD
by TeddyVizion
A Revised View on Bitcoin's Chart SetupFollowing the recent significant correction and subsequent reversal, I have updated my Bitcoin chart analysis. Instead of focusing on the 59-60k range as a crucial level, I will now concentrate on two key aspects: 1️⃣ Bull Flag Pattern on 1D Chart: Bitcoin is clearly trading within a bull flag pattern on the daily chart. This has become even more apparent after the recent dip. I will be closely monitoring the upper and lower boundaries of this pattern. 2️⃣ Short-term EMA200 Significance: The EMA200 plays a critical role in the short term. Currently, Bitcoin is struggling to climb back above this crucial line. This is important because many trading strategies use the EMA200 to define overall trade direction (long or short). A price below the EMA200 typically triggers more short trades, indicating a downtrend. What's Next? ➡️ Reversal Confirmation: Bitcoin must confirm the reversal by closing above the EMA200. A weekly close below this level could indicate mid-term downward potential. ➡️ Bullish Breakout: A break above the EMA200 would be a strong bullish signal, potentially leading to a move toward the upper boundary of the bull flag.
COINBASE:BTCUSDLong
by ben_walther
2
#BNBUSDT Falls By 20% To Hug The 200 MAThe BINANCE:BNBUSDT pair experienced a fall in price from $580 to $455 between July 3 and July 5, a 20% decrease in price following the Mt. Gox releasing $9 billion worth of BTC resulting in over $100M of leveraged positions getting liquidated. The bears pushed the price into the oversold territory which is the reason for the price rebound to $530. If the 200 MA that is currently holding the price up cracked, the bears can push the price back to $455 and from there to $396 and $340. But this depends heavily on the overall crypto market's performance, if the market conditions improved and the price stayed above the 200 MA the next resistance would be $590, $622, $637, $670 and $720.
by Zanzibar_Trading
USD topped off its high on weekly,likely more downsideHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Usd after last week's string of data seems to be coming down, pullback could be likely this week before market deciding to push down the price on thurs and fri (cpi/ppi). Bias will be for the downside this week. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
TVC:DXY
by Shadowing_The_Big_Boys
WHERE IS BITCOIN BOTTOM??Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!** Where's the Bottom for Bitcoin (BTC)? The big question on everyone's mind: where is the bottom for Bitcoin (BTC)? While predicting the absolute bottom is impossible, we can analyze different factors to make informed decisions. Here's a breakdown of three key areas: Technical Analysis: Looking at the past 4 months, BTC has traded within a range of $56k to $73k. The daily chart suggests a possible bull flag pattern forming. The $56k-$60k zone provides strong support. Holding above this level could indicate a potential breakout from the bull flag. Fundamental Analysis: Negative news circulating in the market, like the German government selling Bitcoin and Mt. Gox creditor payouts, can create temporary downward pressure. However, it's important to remember that these events can also present buying opportunities during market dips. Market Sentiment: Fear and uncertainty can grip traders during downturns. The Fear and Greed Index reaching extreme fear might signal a potential bottom, but it's not a guaranteed indicator. Important Takeaways: Predicting the absolute bottom is not possible. Diversification and Dollar-Cost Averaging (DCA): Consider spreading out your investments (DCA) across different projects to manage risk. This approach can help you average out your buying price over time. What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below! Thanks!
INDEX:BTCUSDLong
by CoreCrypto1
Sell GBP/USD Rising Wedge BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2755, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2680 2nd Support – 1.2637 Stop-Loss: To manage risk, place a stop-loss order above 1.2785. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
10
GBPUSD BUY | Idea Trading AnalysisGBPUSD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
5
Cryptos fall Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to anew address. EASYMARKETS:ETHUSD CRYPTO:ETHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:ETHUSD
by easyMarkets
Nikkei Soars Looking Past Monetary NormalizationUltra-loose BoJ policy and the Yen’s demise have been key drivers of the JPN225 mammoth rally. The central bank exited its negative rates regime though and is shifting towards less easy policies, with at least one more hike reasonable within the year. This threatens to cut off a key source of strength for equities and JPN22 registered a brief pullback from the March record peak. But monetary normalization has been slow so far and the stock market’s strength is based on more factors than just favorable monetary stance and weak currency. Strong earnings, structural reforms and investment-friendly government policies are among them. As a result, JPN225 has resumed its advance and runs its third straight profitable month, trying to set new all-time highs. On the other hand, the RSI reached overbought levels and a pullback here would be reasonable. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:JPN225Long
by FXCM
Last Chance Alert: Buy Bitcoin Now at Unbelievably Low Prices!BTC UPDATE BTC is trading at $61,500, nearing a critical support level at $60,000. We have a rising trendline, the 200 EMA, and the lower trendline of this expanding triangle also acting as support. After 7 consecutive days of outflows in Bitcoin ETFs, yesterday saw $31 million in inflows, which is positive for bulls. In the long term, I am bullish on BTC. We may see some short-term corrections in price, potentially down to $54,000 in the worst case, but that will be the best time to buy BTC. The funding rate is negative at -0.11%, which is a positive sign for bulls. Stay tuned for more updates. CRYPTOCAP:BTC BINANCE:BTCUSDT BITSTAMP:BTCUSD
Long
by CRYPTOMOJO_TA
2