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Retracement

BTC potential DROP - Low Volume - Calm before stormWith thousands of BTC tokens being moved over to exchanges from storage and the lack of buying volume shown, overall volume is currently under it's 24 hour MA. We will likely see a drop back to 46,600 if we break 46,300 we will likely see it fall to 45k for a small bounce back up. I suspect 43k we will see volume come back to push it back to 46k. 43k is the last time there was significant volume to make big moves upwards. Stochastic RSI is banging the top on 1hr and is still settling downward on the daily, not to mention overbought on the weekly. MFI is not looking like we are due for any big price action movements upwards either. whales are not going to just dump 1000 BTC all at once, they do it incrementally because they know that after every drop retail will push it back up. So they can create an invisible sell wall. The fight between whales is who will sell their lots at a lower price, constantly under cutting each other and forcing each to move their sell prices lower, which to retail traders looks like "resistance" Just my two cents, I am not in BTC trade but obviously what BTC does most alts follow accordingly. Trade safe.
COINBASE:BTCUSD
by soundsfrommarz
3
BTCUSD: awaiting monthly closeafter a green monthly close (perhaps 53k levels) a retrace to fill some OB inefficiencies and consolidate further. setup for that move here in alts i am searching for a different variety pattern; will link in comment below with analysis. Trading Disclaimer: All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset. All content presented is for entertainment and education. No Financial Advice. Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade. Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance. All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
COINBASE:BTCUSDLong
by The_Clown_of_Smyrna
1
Wait for a buy setup at 1795 with XAUUSDH1 time frame. Structure: Uptrend. The price broke out of the descending triangle pattern and continued to rise. The price broke the 1795 resistance zone, now can wait for the price to a retracement to this zone, retest, and appear the Price Action setup to buy with XAUUSD. The profit target is the old resistance at 1834. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
OANDA:XAUUSDLong
by tradafx
1
CRCT, Drop after earning may be a buy opportunity ! Positive earning report and negative reaction of market? Is it a buy chance? Lets follow. Pre-Market price is near the golden ratio 0.618 Retracement ( around 27 USD) while earning report was positive and we had revenue growth. It may really be a buy opportunity. Technically, CRCT seems to has completed a 5 leg up going wave and has made wave A and B of an ABC form of correction so far. We have a strong Potential reversal zone (PRZ) at around 27 USD composed of 0.618 retracement of the last wave cycle and 1.414 extension of wave B. Moreover, as shown on the chart, we had a price action to this support price when it was up. As I publish this idea pre-market price is 29.5 just 2 dollars above the strong support. It can be a good trade opening a long position in the case of touching the support and showing the strong bullish reaction. We set our stop loss objectively in the case of opening position. Market may not follow our expectations.!
NASDAQ:CRCT
by SaeedSajedi
XRP RSI divergent flag theory; forecast 23rd IMF's new SDRsSeeing a pattern of RSI and fractal: bias enforced by time decay of 23rd imf announcement of SDRs (twitter.com) Looking forward to this rumor: www.youtube.com ^Very funny clip of current red herring perception. Trading Disclaimer: All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset. All content presented is for entertainment and education. No Financial Advice. Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade. Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance. All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
by The_Clown_of_Smyrna
DOT Price actionDOT is currently meeting resistance at the bearish Order Book level. if DOT can breakthrough, it can easily go to $25, with an additional volume and momentum on DOT, DOT can also reclaim and test the Major 0.5 Fibonacci level at $30. If dot fails to break the bearish order book, I would suspect DOT to retrace to $20 which is in line with DOT current trend line (Orange Line), and in the worst-case bull scenario, DOT could test back the region between 0.5 and 0.618 minor Fibonacci level, as this is also where the bull Order Book that powers up the current upside reside currently, it will be a powerful support for DOT in the continuation of bull run. Tell me what you guys think about this in the comment section below, and do remember, this is not financial advice, do your own research, and trade at your own risk. Thank you
by ZombieGod11
ETH.. Too strong?Eth has been too strong these past few days... Will it continue to go higher or will it retrace first to give a leg up for its price? Something that goes up will eventually go down or retrace back, thus, if it retraces, I will look around 0.5 fib level from the very low ($1722) and the newest low ($2460). The fib 0.5 level from the very low is at a price of $2460 (which is the same as the newest low) and The fib 0.5 level from the newest low is at $2820-ish which is also coherent with the orange trend line ETH is currently at. If it continues higher, I suspect it will meet resistance at the $3360 level. Will goes up or down? and what price point do you guys think it will have its leg into? Comment below... THX
BITSTAMP:ETHUSD
by ZombieGod11
Current Downside TargetThe hash ribbons indicator which is very rare to happen has already lit up into buying signal and after days of green candles, I suspect and hope (actually) for a better leg up in a retracement of BTC's current price. My good case retracement scenario is BTC testing the 41K level as it is the price where the blue downward slope and as 41K price level is around 0.5 Fibonacci level from the newest daily low (37.3K-ish) up to the highest point (45.3K-ish). (This price might be a good time to go long in trades and take profit quickly after meeting the resistance around 42k-43k). #Not a Financial Advisor If it broke down, we will see a test around 36K level, and from that point, it's best to continue watching BTC price movement as this is the second to last support level. The last support level in a very worst-case scenario according to my analysis is around 32.2K which is accidentally the same as the 1.6 fib level and CME level. So yeah, This is my current price analysis of the downside level that BTC can put its leg up to... Looking forward to seeing your comments and what you think will likely happen according to your analysis... THX
BITSTAMP:BTCUSD
by ZombieGod11