Get started

Multitimeframeanalysis

$cake Analysis $cryptocurrencyDear Friend The candlesticks are weak during the weekly period, and with the current situation, if the candlestick closes in the same way, I expect to return to the support and stabilization area in this zone, and then return and climb to the upper areas. Resistance: 12.5 - 13 Support: 10.20 9.4 But it is still too early to make a final decision and we have to wait until the weekend. In daily and weekly time, we have dynamic and static resistance and support, which is shown in the picture. Disclaimer: Information is provided only for educational and exchange purposes only. Do your research before taking any action or decision in the real market.
by seperslp
1
USDT.D : No more room for ALTs to grow ! CRYPTOCAP:USDT.D CRYPTOCAP:BTC.D CRYPTOCAP:OTHERS.D Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! In this post; I'm going to talk about the dominances and their affect on the market's structure in near futures ! 📑 These will be our topics : - USDT.D; Cup & Handle formed, Where are we heading to ? - BTC.D; Reached the local support on 12H's time-frame, More upward movement expected... - OTHERS.D; Possible three drives and a bearish break on RSI ! Now let's head to our article; Shall we ? - USDT.D; Cup & Handle formed, Where are we heading to ? As you can see on the chart given as main idea, There's a cup & handle formed on 4H's time-frame and it'll be confirmed after break-out above the grey zone ( Resistance zone, Supply ). This means that the overall for crypto market is becoming bearish and #USDT.D can surge more that 28% according to cup $ handle's depth ! 📌 Now as we know about the USDT's dominance; It's better to check on the other charts to make our overview more reliable, Follow me 👇🏼 - BTC.D; Reached the local support on 12H's time-frame, More upward movement expected... Our next station will be at #BTC.D's chart to make decision on our holding bags. #BTC.D is located on the local 12H's support and it's acting as Demand zone here ( There's no demand zone actually in dominances charts ! ). Also there are couple of S/R zone and the resistance zone above... Have to mention that we have a bearish trendline near above from the current level ! So, What is the expectation ? I expecting a pull-back from the current support, Which means that scalpers will more focus on BTC in next days and the break-out above the resistance zone and the trendline will confirm the bullish pull-back from the support. Which means that there's a possibility for #BTC.D to retest the higher S/R zone located on 47%'s level ! 📚 With the information given above, Now we know that We'll have the bearish market ahead ( at-least another dive into 40K's Demand on BTC's chart ) and #BTC won't be the leader of the LONGs liquidations. That's why I wanted to take a look into #OTHERS.D's chart too ! - OTHERS.D; Possible three drives and a bearish break on RSI ! Now the last importance for us is to know about our ALT's holding bags... According to the information given above; There's a possibility for #OTHERS.D to form a three drives and also the RSI is kinda confirming the retest on trendline ! If we look into RSI; We can see the break below the movement one time; However there's another trendline that supporting the movement in 12H's time-frame. But there's a dynamic resistance too ! So with the data that we extract from our RSI; There will be a retest on trendline and the current higher S/R line is confirming it. Have to mention that, Any retest on trendline will activate our three drive's scenario and it'll increase the chance of breakdown below the trendline ! 📚 In total, We have the info about the ALT's weaknesses in next days or even weeks; Which is suggesting to decrease our risks on our ALT's positions... 📑 Conclusion : The bullish formation on #USDT.D's chart is suggesting that we have more downward movements on #BTC; However we need a confirmation above the mentioned resistance zone. On the next factor we found-out that the #BTC.D's chart is following the #USDT.D's movement and it'll grow neither ! At the end the only weakness on dominance's charts is belongs to #OTHERS.D; Which means that in next downward movement we might see that #ALTs will bleed much more that #BTC. In general you need to focus on your swings and close them in time. ( When you see any weakness on BTC's movement ) Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
CRYPTOCAP:USDT.DLong
by Helical_Trades
39
THE ART OF MULTI-TIMEFRAME ANALYSIS AND MULTIPLE CONFLUENCESHey, wizards, hope you are all having a great week so far! We would like to welcome all of you on another educational post, the topic of which is Multi-Timeframe analysis and multiple confluneces involved. As it can be inferred, the Monthly and Weekly timeframes are used to determine the direction of the market, the Daily timeframe is used to identify key areas and important zones, and finally, the 4-hourly timeframe is utilized for entering trades. Now, let’s dig deeper into it and analyze the situation that we have on EUR/USD. MONTHLY: Observing the weekly timeframe graph, we can say that the price has been printing bearish candles for a few consecutive weeks. As one of the main trading principles says, after a strong impulsive move, a correction is needed. We can witness some bearish weakening signs and therefore we are looking for a short-term long position. Our possible target would be set at a previous level of support turned resistance, which aligns with the golden Fibonacci zone. WEEKLY: Leveling down to the weekly timeframe chart, we can see that the price is consolidating, as it is unable to push lower. Technically, after long lasting consolidations, it is believed that the price will either fly like a rocket or drop like a needle. This gives us another confluence and backs up our plan. DAILY: Moving down to the daily timeframe graphic, we can notice that the previous candle was super bullish and some kind of an ascending triangle is being formed. If the price breaks and retests the upper boundary of the formed triangle, we can see some nice bullish moves. 4H: Last but not least, the 4-hourly timeframe a.k.a. the timeframe of entries. After a massive bullish push to the upside yesterday, the price has started correcting before further bullish moves happen. Here, we are using two entry confluences: the area of previously broken structure that nicely aligns with the 61.8% fibonacci retracement level. Before entering the trade, we will carefully monitor the price action and wait for the price to bounce off the local zone. We are hoping that this educational post will be of value for you and we are wishing you all a great day! Regards, Investroy Team
Education
by Investroy
26
BTC/USD : Where are we heading first ? COINBASE:BTCUSD BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #BTC has broke below the 47K's level and it just reached the lower order-blocks on most of the exchanges at $42K. However most of the analyzers believes that the Ever-Grande fundamental cause the dive; But I believe that we had the sign on NVT signal's Indicator earlier ! Now it's moving below the FIB retracement 0.5's level and has been rejected by Higher S/R zone. As we are holding below this zone, #BTC won't remain bullish in Short-Term and Mid-Term at all; But any hold above will give us this possibility to fill the Gap above... CME gap has formed and it's located on ( $53490 - $49360 ) and so we all know that it we'll filled sooner or later; 96.7% of CME gaps has been filled since it's been started to run. But as #BTC moving below the S/R zone, It'll be targeting the lower S/R zone located at $44500.00. Also the master candle's half wick is located on $44245.00; So we can say that will be a fresh retest to gain the momentum to fill the CME's gap above. 📚 Why do I mentioned $44245.00 ? It's a little trick for price action scalpers to use the chance as a possible support level to gain advantage in short-term scalps ! For example you can take look on Sep.7th and Oct.13th candle's wick and how the next candle react to the shadow's below.. 📍 Have to mention that in my side, the bull cycle is over for now and the bears have the powerful hand on the movement; So it's very possible for bears to cause another dive into $40550's main retest as the Demand zone is standing there !! - Any break below $40K will charge charge the dump into lower mid-range channel to retest the bullish order-block located on $32K. 📊 Now you may ask your self what are the range channels and wick's half ? Follow me ! As you can see on the chart below, I mentioned the Moon-Lines and the wick's half as we're approaching them both. You're able to see that #BTC is moving in a formed zones; This zones have 5 levels and we'll discuss about the Higher range zone and the Mid range zone ! Currently #BTC is moving in the Higher-range zone which means that the macro view is still suggesting the new ATH and bulls into advantage. However the bias will be changed into neutral after we break below the $40550's support level !! That's why I mentioned the $40K's Demand zone as our main retest zone before any major leg-up cause it'll be defended by bulls for 100% Now that We talked about the support level and the pressure zones; It's the time to have a look into different FIB's chart; Deployed by logarithmic chart and logarithmic Fib ! 📊 Is there any difference between log FIB and Linear FIB ( Classic FIB ) ? Answer is yes; Why ? Cause if we look into the Linear chart, We'll notice that the $40550 level is below 0.618 FIB's level, Which means that the bull-run has been ended for surely good. But on the Logarithmic chart below, You'll find-out that there's a FIB level located on the Demand zone we mentioned before 😉👇🏼 You can see that we still have the space to retest the lower levels on logarithmic chart and it's why I don't believe that we currently standing on the local dip. We might experience and I would fill my bags for mid-term there !! Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
COINBASE:BTCUSD
by Helical_Trades
61