Bitcoin: Consolidation will end in ... days!!!It has been very boring lately for bitcoin, 3 weeks of indecisive trading, and consolidation. Nobody can tell where is the crypto market going, except for one. The one and only who can see the future, chemastro!
*Follow me now! I am the one who sees the future! Do you want to miss seeing the future? Shame on you!
Consolidation
XAUUSD CONSOLIDATION CHANNELThe 1970s is the peak of the consolidation triangle. Serious concerns about the rate hikes due to OPEC+ output cuts might drive the precious metal price to new highs in the 2050s - 2100s range from March 22. Gold remains the safe bet for inflation, economical instability, and war, currently, we are living in a combination set of all mentioned.
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INJUSDT Consolidation and Breakout: A Technical Analysis UpdateIn my previous analysis of INJUSDT, I expressed my bullish outlook on the altcoin, anticipating a consolidation period followed by a push towards the 5.35 zone and eventually reaching 7.50. As we approach another area of resistance, I'd like to provide an update on the current situation, explore the importance of consolidation and breakout patterns in technical analysis, and discuss what we might expect going forward. Please note that I am currently on the Pacific Ocean and have limited access to services, so I apologize for the absence of an acceptable chart.
Consolidation and Breakout: A Brief Overview
Consolidation refers to a period where a financial instrument, in this case INJUSDT, experiences relatively low volatility and trades within a tight price range. This period of consolidation often precedes a breakout, which is a sharp price movement in either an upward or downward direction. Breakouts typically occur when a financial instrument surpasses a key resistance or support level, signaling a potential shift in market sentiment.
In the context of INJUSDT, the recent consolidation and subsequent push into the 5.35 zone align with my previous bullish outlook. The breakout from this consolidation period suggests that market participants are becoming increasingly confident in the asset's potential for growth.
The Road to 7.50
As INJUSDT faces another area of resistance, the key to reaching our target price of 7.50 lies in further consolidation and a subsequent breakout. Should the asset successfully consolidate around the current resistance level, it could signal that market participants are gathering momentum for another upward push.
However, it's essential to remain vigilant and manage expectations, as it's possible that 7.50 may be the peak of INJUSDT's growth this year. As always, it's crucial to pay yourself along the way, locking in profits and managing risk appropriately.
My bullish stance on INJUSDT and the wider crypto market remains unchanged. As we encounter another area of resistance, I believe that further consolidation and a breakout to the upside will be necessary to achieve my target of 7.50. While I anticipate this level as a potential peak for the asset this year, it's essential to remain adaptable and prepared for any market scenario.
As I continue to monitor the situation and provide updates, I encourage you to stay informed, manage your risk, and capitalize on opportunities as they arise. And remember, always pay yourself along the way
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it.
Enjoy
Trade Well,
Clifford
Trading ETHUSD with RSI and Pattern Recognition ⏳Greetings, fellow traders! I have identified a potential 5% profit opportunity on ETHUSD. The RSI indicator suggests that the bulls are gaining momentum in this dungeon of despair 🐂. The RO Flash indicator confirms this bullish sentiment by flashing green 🔥. I have placed a stop loss slightly below the target of the Rising Wedge pattern (kudos to TradingView for the new pattern recognition feature!). Let’s see how this trade plays out…🤞 According to a recent lesson I learned, consolidation near resistance or support levels often leads to a breakout failure. Will history repeat itself? Only time will tell! ⏳ To add more confidence to my analysis, I have also used the Anker Technical Analysis (TA) Kit indicator, which combines multiple technical tools such as moving averages, trend lines, Fibonacci retracements and more. This indicator shows me that ETHUSD is following a strong uptrend line and has bounced off the 50% Fibonacci retracement level. This is a sign of strength and continuation 🚀
Bitcoin Swing perspectiveHello guys.
Hope you all have good time.
Today im going to share you my opinion about BTC in 4H timeframe.
As you can see in my chart the price consolidate around a strong longterm Trendline
for about 10 days and wait for FED decision about Rate hikes and Inflation Data.
I think the economic information are stable for now and Price action do the best thing!
So when the price try to break this trendline , Sellers come in strongly and
move price down till 27000 level.
In my view price cant break this line and 29000 level for this time and
the price will down to 24000 level and after a rest there , it again start to increase
in hope of reaching 30000 level.
Its a good time for BLSH(Buy Low Sell High) until the price break the triangle and move in a direction.
I hope you enjoy my view.
PLEASE dont forget to set an appropriate StopLoss and manage your Risk , Because
Nobody Knows about 1 second later and these views are all possibilities.
In another word ,We Trade Possibilities Not Realities.
Share me your opinion and TEACH me something new.
Love you all
BITCOIN What Will Happen Next? Analysis!
Hello,Traders!
BITCOIN did not yet manage
To break the key decisive level
And I think that before the
FED's first rate cut we will
See BTC consolidating
Between the two levels
But after the breakout
And 1W candle closing
Above the level we will be
Able to say that BTC will
Go higher and sky is the limit
Before that and before the
FED acts, I am inclined to
Expect consolidation
Analysis!
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AUD-NZD Breakout, Consolidation And Bearish Vibes! Sell!
Hello,Traders!
AUD-NZD is now consolidating
Below the key level which has
Transformed into the resistance
So because the pair is in the
Downtrend on 1D timeframe
This gives off bearish vibes
And once the local support
Of the consolidation breaks
We will see bearish triumphant
Sell!
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Bitcoin Status: Biting our nails waiting for what's next?Everything feels and looks stagnant, what's going on?
As mentioned before, it needs to correct a little bit, before it picks up again, which is (again as I said) .. fine. It does not mean that Bitcoin will retrace below the 25k.
What I will do personally, is wait till tomorrow, I assume there will be a trigger over the weekend, that will move the markets.
*Follow me to be able to receive updates like this (Of course, watch the video as I am explaining everything in detail).
DT might get out of the consolidaiton soon.DT reported very good EPS and REV and pointed to higher revenues and EPS in 2023, above analysts estimates.
Gross Profit Margin of 82%, net margin of 3% and revenues growth rate 35% speaks of the fact that the company is investing heavily in its growth.
The Company has a very good EPS beat history - it beat analysts estimates since it got listed. PT 57 SL 37 should be realistic.
#notfinancialadvice. Adjust your size accordingly.
AUD/USD 1H Technical.Recently there was a bearish CHoCH made on the 1H time-frame for AUD/USD. We might see double sided trade opportunities potentially.
Reason for potential long entry; We see that the price recently was consolidating the past days, we might see a jump from the Order block that the price is right now and filling the FVG recently made, retest the S/R area and continuing the consolidation trend by moving up.
Reason for potential short entry. The price broke the recent Support level at 0.66550, me might see the continuation of the bearish trend because it was recently discovered a "Change of Character" . It might potentially move lower after retesting the 0.66550 Resistance level (previous support). By any means, moving the price below the Anchored VWAP line and strengthening of the US Dollar, we might be looking for shorts.
REMINDER; Always make your own analysis and before taking any kind of trades, make sure you have a solid confirmation about the move that your willing to take.
FUNDAMENTAL REMINDER; Watch out for the interest rate decision on 22/03/2023. It will have a really important impact on the US Dollar.
Looking forward for your comments on this idea.
BTCUSDT, Pump after ConsolidationCurrent Idea is based on a theory that the Asset after a long lasting consolidation is pumping at least to the range of that Consolidation.
The range is between 1 to 0 Fibo levels, expecting area to reach is at -1 Fibo, now the price is below -0.5 Fibo level, retracement may happen.
As weekly candle closed strong I would check the area around the Middle of 1W candle for potential reversal up.
PS. That's my first shared Idea, wanna check how the mechanic works.
A definite move on BitcoinOften not, traders love to say that the market goes Up or Down. That's the movement of the market but what will definitely happen on market is that it will go through the expansion and contraction phases and when the market goes into contraction, the expansion will be next.
As a trader, I will be waiting for a break and close BEYOND the trendline, but as a Bitcoin collector, now could be a time you can consider buying some in case the market moves against your wish. However, in a 51% scenario, BTC is most likely to have its first break towards the downside, but I won't bet on this.
It depends on your capital and your mindset. Are you okay with missing this and waiting for the next setup(that's me), or do you want to buy some due to FOMO(I used to be that way).
So when I'm caught in such a dilemma, I will buy one-third of whatever I'd set aside for this and the remaining two-third for future purchases.
What will you be doing?
OXTBTC - Wedge Ranging for a While. Profits to be had!We can see the price of Orchid has tested it's strong downward trend line on multiple occasions historically, and has been rejected on every attempt.
In reality there's only a couple of months left until this final section of the wedge formation OXT seems to be trapped in finally closes up and the price would then have to find a new natural trend.
This can mean limited profits from lots of markets, but here we're seeing a very healthy 20-30% per swing from top to bottom of wedge, this is huge and you should expect some very healthy and quite predictable profits from this.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
EURUSD: Perfect Sell ZoneThis range has been a cycle of buyer and seller liquidity sweeps.
More sweeps equal more fuel for the next leg out.
I can't be sure the leg will be to the downside but my intuition tells me it will be.
After the final liquidity sweep, I will be looking for sells in my sell zone.
USDJPY: Bull Run AgainAfter a huge bull run, we expect the price to mitigate both buyers and sellers to generate liquidity for the next move.
I personally believe we will see a final sweep of sellers around my sell zone of interest before selling off aggressively to the downside to take out the remaining buyers.
Once this move is complete, or something similar has occurred.
I will then look to buy in and continue with the bulls.
You can play between the zones if you like but ideally getting the long-term buy is better.
AUDJPY: Supply vs Demand Battle Price has rejected, manipulated and trapped sellers multiple times from this supply, sweeping liquidity from the zone.
The only liquidity left will be the stops trapped above the zone.
I don't think we will penetrate these stops immediately.
I believe price will compress into the demand and liquidate that zone aggressively before returning to purge sellers, as illustrated on my chart.
EUR/USD Might consolidateEUR/USD has reached a Premium zone which has rejected with an swing Order Block. We've established 3 new FVG's in the past day, so we might see the price consolidate for this week.
- Closest Fair Value gap starts at 1.06262
- Second Fair Value gap starts at 1.06043
- Third Fair Value gap starts at 1.05820
Watch the out for these zones, its possible that the price might reject from these zones of FVG.
- First Order Block (Bullish) starts at 1.05775
- Lower Order Block (Bullish) starts at 1.05480
Keep in mind, that these analyses might be with a Neutral effect (Which might consolidate).
A closer look at the Swing Bearish order block;
NAS100 Consolidation? 01.03.2023It seems that the NASDAQ 100 CFD price move has experienced a consolidation phase.
A consolidation is a period of range-bound activity after an extended price move.
Consolidation illustrates the lack of a trend in a particular trading range.
It is proved from the historical data that such phase does not last for 2-3 days.
A Breakout upwards might cause the index to rise until the resistance level 12360.
It is more probable that the market will reverse due to the fact that the indices still have not corrected their upward path this year.
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The BIG Bitcoin Video Update!!! 25K or BUST!Conquerors! It has been a while since I made a tradingview update. I decided to make my newest video update here so everyone has the ability to see it. BTC has been in consolidation now for 9 FULL months (resistance 25k, support 16k). We have had the ability not to turn 25k into support, and we still have a chance too. Watch the video to find out why 25k is SO important. Crypto is in very interesting times and I am hoping for a new bull run but the economy and other markets give me reason to believe it will be difficult. Still, we have a chance for this, I want to keep us all updated. Have a great weekend everyone!