The price has bounced from 4h support 4HS1 and now it has headed towards 4h resistance 4HR1. The price is currently trading inside this resistance zone. The price will face some struggle here and some pullback may be expected. Some momentum is there and the price has moved to this resistance 4HR1 from the support 4HS1 quite quickly. And therefore, any short trade...
The price is showing weakness here and seems to be inclined to go downwards. Here is a short idea based on this inclination. Next supports are 4HS1 and DS1. We take profit at 4HS1 which is the first support zone. The price may bounce there, and therefore we will reevaluate the price action there. The price may eventually then target DS1 subsequently which is a...
The price has hit the weekly resistance WR1 and has pulled back from there. The price has been pushed down from that resistance and it has now hit hourly support HS1 on this pullback. This support zone will provide support to the price and the price is likely to bounce enough for a long trade opportunity. We try this long trade towards weekly resistance around...
Our short trade is still in progress. However, here is a new short trade idea. The probability of the price to move lower now is higher than before. The price is still trading at daily resistance DR1. I have updated the resistance zone. The price is likely to head towards daily support DS1 and that is the target of our this trade idea as wll as the previous one....
he price has finally hit the daily resistance DR1 and that triggers my short trade idea from there. I think the price will pullback here towards low timeframe support LTFS1. Therefore LTFS1 is the target of this short trade. Lets see where it goes from here. Let me know what you think in the comments.
I did not find the liquidity grab convincing, I will try to look short with a 15m down break from the month's high. In case of PWL manipulation, Long can be searched with 15-minute breaks.
This is the new long trade idea. The price is trading around daily support. It can dip a bit further but I think it has a good chance to bounce from here towards daily resistance DR1 and further. Lets try this long.
CRYPTOCAP:BTC has formed a rising wedge that it broke down from. What would make the most sense to me here is for BTC to test the top of the rising wedge to confirm resistance and then to break down to the lower support levels between $58k-60k. After that I think we'll then go up to test the top of the range between $76k-78k (which I believe will be the final...
I was bullish before. but now I am bearish because the bottom point that needs to be protected is broken. There are two different scenarios, there is a liquidity below, if the price comes below that point, the decline will continue, but if the previous peaks I mentioned are broken, I can look bullish on the market, but I am currently bearish.
Here is a new long trade idea. The last trade got stopped out in spite of the price bouncing from the support we identified. The price has currently moved lower to a 4h support zone 4HS1 and likely to bounce from here to provide a long trade opportunity. If this support breaks then we are likely heading for weekly support WS1 around 51000. Since the momentum is...
In my opinion, if Bitcoin breaks even $60,000 It can easily target the desired number, 54
We expcted a pullback from 4h resistance 4HR1 and thats now a reality. The price has been rejected from 4HR1 and now it has come down to the daily support zone.Our decision to take profit at 4HR1 and then look for long opportunity on pullback was a optimal one. According to my mention in the last post, I am sharing the setup for the new long opportunity on this...
We were right at unloading the position there mentioned in the last post while it was still in profit. The price has gone down drastically from that and that 4h support did not hold. Now the price has come down to the weekly support WS1. I think there is good probability that the price will find support here and there will be good bounce for having a long trade...
After each character change, the price has reacted around the 0.618 fibo and we have witnessed numerous character changes. who made this suffering for us. For the short position, after the break of each floor, we should wait for the price to return to the 0.618 fibo, and for the long position, the opposite is true.
Here is a trade idea on the long side for BTCUSDT. The price has been trading under the hourly resistance (removed from the chart, but can be seen in the connected post) and now it has trading inside that zone. I mentioned in my last post that I am inclined towards an upward move and I think it seems more plausible with the price action shown in past hours. The...
So here are the various support and resistance levels which are relevant for the current price action. The price has been rejected from the daily resistance DR1. It tapped the daily resistance DR1 and started moving down. The first support is the hourly resistance and the price may bounce here temporarily but not significantly. The next significant support is 4h...
The price was pushed down by 4h resistance 4HR1 as we were expecting. The pullback happened and the price went below the 4HR1 zone. I believe we still have move to the upside left and soon the price will continue its upward journey towards next resistance 4HR2 and then very likely towards DR1. Now the question is if the price will start moving up from here or does...
The price broke down invalidating our previous trade. Currently it is bouncing from 4h support 4HS1, and I have taken a small position here which I will close around 65000. The price is approaching towards daily support zone DS1 on this drop. This is a broad zone. However, the more robust area is the mid of the zone marked in dark green shade. I think the price...