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Marketstructure

TRON retains bullish structure after liquidity grabThe move below the higher low at $0.0752 on 1 June was a liquidity hunt since this break of structure (formation of lower low) was not followed by a lower high and another lower low. Instead, prices pushed past the previous local highs at $0.08 Fibonacci retracement levels showed the 78.6% retracement at $0.0765 was retested as support and TRX bounced higher. This suggested TRX could reach higher to the 23.6% extension level at $0.0885 Entry: $0.0773 Stop-loss: $0.0738 (below the recent low) Take-profit: $0.0885 R:R- 3.1 Given the sentiment in the crypto market, profits can also be taken near the $0.0858 mark
Long
by AMBCrypto_TA
Fake Breakout / Fakeout BTC 🔄This view of BTC comes from a background of Price action trading. Trading Fakeout's are quite common in the Forex market and have proven to be a cornerstone of my Trading Strategy. Fakeout's occur on all timeframes and take the market for an unpleasant ride. Traders Buy the breakout or in this case Short the breakout hoping to jump on the train and continue to lower prices. The liquidity that is generated is consequently used by large players to 1) Scale out of their short positions and 2) To gradually accumulate opposing orders ( In this case Buy orders ) Fakeout's are not hard to anticipate and are somewhat similar to trading support and resistance levels. The only difference being the sequence in which the market sets itself up prior to the support and resistance bounce. In this case we can observe that the price on the Daily timeframe has been bouncing between 26,400$ and 27,400$ since May 12. Price recently closed quite the bearish candle on June 5th ; closing outside of our previously mentioned range. A good Risk/Reward idea suggests that we may bounce from the bottom of the range.
COINBASE:BTCUSDLong
by ShrewdCatfx
Retest Bitcoin! Or a Dip and go? 🎐Headed to 24,300$ Daily Support and also Weekly S/R Zone. The question is if we have a sweep of late short orders and an abrupt pullback to our previous Daily S/R Zone (26,301$) before further downside. Now that we have gained liquidity after sweeping above 27,400 Daily Resistance level, probabilities suggest we will continue to the downside. We did not have this bullish sweep when I posted a short analysis on May 25th when pricee dipped to 26K. With the new Monthly candle came re-invigorated bears. I think it's safe to say that Bull positions from earlier in the Year took profit around 28K to 30K after the asset was up 80% on the year. For an Institution was that not enough? I doubt it and am thinking that they have taken some profit. As the Second Quarter comes to a close, we can see that price has pulled back 17% from the highs and is still 55% up on the year. We have some more downside to give on BTC. This Daily engulfing candle will create some fear for those holding from earlier in the year. 24,307 is not far off and we are offically entering another Bear market at least in the Medium term. Lower Lows and Lower Highs as Bitcoin backs off 30,000$.
COINBASE:BTCUSDShort
by ShrewdCatfx
4
USDCAD - Bears Took Over, Now Wait For Bulls! Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart) we have been stuck inside a big range in the shape of a symmetrical triangle, so we have been trading it. Now USDCAD is sitting around the lower bound of the symmetrical triangle again so we will be looking for buy setups on lower timeframes. Moreover, the green zone is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. (acting as non-horizontal support) As per my trading style: As USDCAD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
5
EURAUD I Approaching daily structure and strong demandWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
6