NZD/CAD Bullish Scenario by ThinkingAntsOk4H CHART EXPLANATION:
- After the volatility at the opening last night, which made price to drop to the Support Zone and then it was strongly rejected, it has broken the Resistance Zone and the Descending Trendline.
- We consider that it has potential to reach the Resistance Zone at 0.8800.
- Will look for a lower timeframe setup to get involved on this pair.
DAILY CHART ANALYSIS:
Scenario
BTC -The Bullish Scenario- from this DUMP!!!IF We see good bounce from here some things I'm seeing are:
$ Bullish divergences:
4, 6, 12 and Daily Time Frame (Need to reverse though to confirm the upswing on RSI)
$ Descending broadening bottom pattern
$ Hit the 50% retrace for overall 6440-10400 FIB on log
$ 1 HR cooked at 8-10 very historic low
AUD/JPY Potential Long Scenario by ThinkingAntsOkDAILY CHART EXPLANATION:
🔸 Price is on a clear downtrend since 2019.
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🔸 It has consolidated on a Daily Wedge Pattern.
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🔸 Now, price is facing the confluence zone between the Support Zone and the lower trendline of the wedge.
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🔸 Will wait to see how it reacts, and, if there is a clear scenario, will look for a lower timeframe setup.
4H CHART ANALYSIS:
BITCOIN - Fakeout Bullish Scenario (Read First!)Hello friends! In this idea i would like to show you how a possible Fakeout scenario on Bitcoin (BTC) could look like.
While the price was moving in Falling Wedge (Bullish Candlestick-Pattern), the price made a decent downwards move - as per my last idea (linked below).
Many traders, especially here on TradingView, were expecting a strong breakout to the upside. That's where the Fakeout comes in play.
I personally do not trade according to this idea. This is just an example for an irrational move, which is not rare at all in cryptocurrency markets.
Please let me know what you think and share your ideas in the comments section.
You can also join our FREE cryptobuller Discord Channel with content for Beginners & Pro's:
-> discord.gg <-
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Simmetric triangle about to breakoutWe can see we are at the end of a triangle that formed on a support that goes back months from here. We can bounce to 8700/8900 USD or we can find support at 7400/7300 USD, either way trade this short term operation as soon as you see wich direction the breakout is going.
$BTC >> Examining the bearish scenario $6.8k target levelHi everyone,
Welcome to another update on Bitcoin where today we examine the bearish scenario.
The bearish scenario I am seeing has a $6,800 level target, with the following confluences:
1- Target of weekly bear flag
2- 78.6% fib retrace from ATH to bearmarket low
3- 50 Weekly Moving average
4- Historical (2 year) S/R line with significant VPVR
Best way to trade this is to wait for a breakdown from the bear flag formation.
The 50 Week moving average is a VERY key level - Bitcoin must NOT break it. Retesting it with a sharp strong bounce/bull rally makes a lot of sense though given the technicals of this scenario.
I would give this bearish scenario a 40-45% probability. I remain bullish overall unless the Weekly EMA ribbon is broken or the bear flag is broken to the downside.
Cheers,
Leb Crypto
XAUUSD Scenario for next weekTrade with criteria , I already mark on chart.
Now Long is R/R better than Short.
But everthing can happen with Gold.
Only have plan A,B,.... to fight back.
as I told some follower in chat.
sorry if i answer late in chat but I will try my best .
^_^
*** Risk management is important than signal or entry/exit point.
25.9.2019 - Bitcoin (BTC / USD)Hi Traders!
Last night we witnessed a sharp move on the bitcoin and the whole market . Bitcoin fell by about 15% and altcoins by up to 20 - 30%. So let's do a bitcoin analysis so we know what actually happened and what could that mean?
Scenarios:
1. Triangle
2. Channel
We have been watching these two scenarios in recent weeks. Although it looked like a triangle, ultimately bitcoin opted for a channel. Therefore, the overall decline is not yet over and the first pillow that should stop the fall is the blue support. This, however, is far from over. It is currently very difficult to determine where bitcoin can go. However, we can deduce a few facts:
1. Triangel is excluded as an option
2. We need to postpone the $ 15,000 target for a longer period of time
3. A drop to $ 8,000 may not be the final station
4. The extreme bearish scenario is that we also cross the channel down
We do not recommend buying into the position, because after such a sharp decline, the graph usually cools down for a while. Not even a further decline would be surprising. We have to wait, but we do not see any signs of a "quick return" yet.
May the crypto be with you!
11.9.2019 - Bitcoin (BTC / USD)Hi Traders!
Today we look at BTC / USD. The summer is over and we are waiting for the key movement that will determine the direction of Bitcoin for the next months.
We are currently in a key area where upward bounce to USD 11,000 should occur. We can annotate the previous move to 5 waves and we are currently at the end of ABC correction . The fact that we are in a very strong area, where reflection is likely, suggests a few facts:
Fibonacci retracement - There are 0.65 - 0.786 retracement in this zone which are very strong zones
Fibonacci extension - The whole correction is in the form of ABC correction and in this zone is 1.01 extension projection AB
Volume gap on horizontal volumes
These are three reasons for which we assume that we are now in a zone that is expected to grow to USD 11,000. The daily chart is still in either a triangular or a channel formation . We have been creating this formation for more than two months and we are not yet able to tell which side the weight minds are leaning towards. If the zone is confirmed, we have a potential upward movement of 10% that you can trade.
In the case of the triangle , we need to overcome the top trend resistance on the daily chart, and in the case of the channel , it will be confirmed that we will do a new local minimum and exceed the strong support of USD 9,000. Neither scenario has occurred yet and therefore we have to catch what we have.
May the crypto be with you!
28.8.2019 - BitcoinHi Traders!
Today we look again at bitcoin. On September 23, 2019 BAKKT institutional trading will be launched and bitcoin is waiting for more significant movement.
We are currently tracking 2 main and priority scenarios:
BULLISH SCENARIO
All summer we are in one huge triangle and before launching BAKKT the price grow up . Why could it be a triangle? Triangles are characterized by very low volumes, stop-loss hunting, but often times boredom and activation of stop-losses on both sides. The graph fits exactly into the triangle formation, and this formation is absolutely typical of the fourth wave we are currently in. It also serves to reduce indicators with a minimum price drop. Once this happens, the chart is ready for further growth .
BEARISH SCENARIO
The bearish scenario is a channel that is still in game. In this case, bitcoin could drop somewhere between $ 7000- $ 8,000 , where there is strong support. Given the fast growth from $ 3,500 to nearly $ 14,000, it would still be an acceptable correction that we could consider normal.
We have written down two scenarios that have been in the game for several days and we have to wait for the graph to evolve. However, until we break and confirm one or the other formation, the predictions are useless. All we have to do is wait. In a few moments, BAKKT starts and the bitcoin is ready for the next move .
May the crypto be with you!
Gold Scenario .This weekend , I try to study more in Gold chart and read other guru discuss about Gold.
They talk in two sides , Mostly talk Gold will drop after this because of COT data and another side look Gold Still Bullsih heading to new High.
For me, I don't care which way Gold would like to go.
Only move 150+ pips per day it is Ok for me.
We only use Stoploss and follow market move.
I try to check scenario like this
A. Open market Gold open gap and drop a little and heading to 1550+ zone
B. Drop retest Red trend line and heading to new high.
C. Drop Drop Drop and break down Red trendline. ( This case is dangerous , we must change bias to short if drop new low below 1480 )
Any case occure , we only follow and cutloss if neccesay.
I will discuss again in comment after trend to happen in any case.
*** For some friend which buy around 1494 zone ( as I send in private idea )
only close partial profit and move sl to be .you don't woory about it because we all in profit and already eat 300 pips .only wait market move in which side if in bad case in Case C, if break red line, we may sell after confirm break down . if can't break we only buy more again.
IMO :
I still bias in case A. and B. but be caution in bad case too and have plan to manage.
for who have not any position, Wait till market chose which case and follow .
" Let 's market flow and we walk with her."
Cheers
This private idea that I talk about :
#bitcoin - ONE of the many bullish dreams...Seriously guys, this is NOT a forecast. I just want to show what is popping up in my head thinking about possible bullish scenarios for the rest of this year. This is obviously much too early to be anything near confirmed. I will still keep this in mind. We will know soon if this becomes a valid possibility with a target above $22k by the end of 2019. Happy and safe trading!
___________________________________
Warm regards,
Neru
Key levels to watch on daily timeframeHere are the key levels to watch for Bitcoin / USD on the daily timeframe.
The price of bitcoin is still over the kumo cloud.
The Lagging Span is actually encountering a green candle.
Downtrend scenario :
If the Lagging Span crosses the price and gets under it then that would be a first confirmation of a down trend.
In that case it would have to cross the blue Tenkan Sen and the red Kijun Sen to have a second confirmation of a down trend.
Back to uptrend scenario :
If the Lagging Span keeps being over the price.
And the price does not get into the Kumo cloud.
XRP/USD - Two possible scenario.Hello traders!
Today we look at XRP / USD analysis. XRP is the 3 largest cryptocurrency by capitalization. This coin is typical in that it has an absolutely different graph and structure than the remaining coins. Most people still remember it from 2017 when they made an extreme increase in 1 month. However, since then it has been very weak from XRP.
Current Condition:
Currently, XRP is finishing the 5th wave, which is beginning to look like falling wedge. Falling wedge is an absolutely typical pattern for recent waves because it's a reverse pattern that rotates the trend. The graph also shows the support that holds the entire structure. So it is quite possible that XRP starts to spin just before this support. However, this construction is very obvious and it may happen that the graph into the blue zone will not happen because the purchase orders will come sooner.
Once the XRP turns, its next move will be absolutely crucial. We must always think of several scenarios in trading. In the case of XRP, these two are considered.
Option 1
XRP completes its decline and turns either in our zone or already in front of it. Subsequently, it corrects upwards somewhere between 0.382 - 0.318 fibo levels and downtrend will continue. This may be the most logical and most likely to be technical analysis. But it has one big BUT and we will describe it in option 2.
Option 2
It is precisely that XRP will turn and rise. Therefore, it will not only correct the retracement, but it will continue to rise and this option is highlighted by a green arrow on the graph. The most likely would be the first option, but we have to look at the market as a whole. Bitcoin and other altcoins look really good and once Bitcoin and the rest of the alts are going to grow, XRP will not be an exception and simply go with them. Therefore, we must also consider the second option.
conclusion
If XRP fails to confirm its growth, I might be aiming for the very bottom support that holds us for the last half year. However, it is likely that if the entire market grows, XRP will also be raised. We have an analysis set up and now all we have to do is wait until the XRP reaches the blue zone, where the scenario will be valid.
Prepared
Ing. Jakub Kralovansky
Can Ethereum follow Bitcoin? If 320$ price level breaks bullishI think Ethereum price depends on where Bitcoin price goes. First, we need Bitcoin to reach new highs around 11200-11300$ then I think Ethereum will start test the resistance around 320$ (lines up with 0.236 fibonacci level)
If it breaks up, then my next target is around 390-400$, if fails I think Ethereum will retest the support zone. At the moment there is a bearish divergence, but if the RSI can reach a higher high it will become invalid.
Silver: clear scenario !The main target
As seen on the gold analysis, the price has begun an uptrend that will continue at least in the short/medium term. The very short term target is the resistance identified by the EMA200 weekly and it is set at around $ 17: if the formed support on the 78.6% of the Fibonacci retracement ($ 16.25) should not yield in the case of a retest, within a few sessions the price will be in the channel between 16.8 and 17.5 $.
Bullish vs Bearish
The main trend (on weekly and monthly tf) is still bearish but tends to reach the key resistance; in the daily it has already reversed. In any case, influenced by the global macroeconomic scenario, this asset is destined to reach new highs for the period.