BTC SHORT 2HR TP:70700 30-10-2024I have conducted an analysis on a 2-hour timeframe, setting a target price of 70,700. This movement is expected to fulfill within 30 hours. Stay alert for potential market manipulations that could impact the progress of this trade. Remember to manage your risk appropriately. Good luck, everyone! #Trading #Bitcoin
Shorts
$IONQ : 5 REASONS TO BE CAUTIOS! BUYERS BEWARE! NYSE:IONQ 5 REASONS TO BE CAUTIOS! BUYERS BEWARE!
5 REASONS WHY:
1⃣ We have a flag pole pattern. The last flag pole pattern in 2023 had the same 937 bar run before it pulled back.
2⃣ Had a Multi-year Symmetrical breakout but needed to retest the breakout area.
3⃣ RSI is running into resistance
4⃣ Stochastic (Trend) is at all-time highs
5⃣ William R is hitting resistance where the stock has bounced off 4 other times.
I like the name and want to HOP on this move higher, but I'm not going to jump on a flag pole without a parachute. I'm targeting PULLBACK and an entry price of $13-$14.
Stay tuned for more!🔔
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Will the Flag Pole get bigger, or do you agree we are due for a pullback?
What other stocks do you want to see an analysis of?
Not financial advice.
DIXON Short Setup: Evening Star & Potential HNS with Trendline Weekly Analysis
Pattern Observed: Evening Star on Weekly Timeframe
Additional Insights
- The Evening Star pattern tends to be more reliable on Daily and Weekly timeframes, making this setup particularly noteworthy for swing traders.
Trade Setup
1. Entry: Enter after a decisive break below the low of the third (red) candle in the Evening Star pattern.
- Alternatively, you may enter on the fourth candle if it signals a reversal, with a stop loss set according to your risk tolerance.
2. Stop Loss (SL): Can be set based on your risk preference, usually just above the high of the Evening Star pattern.
3. Target (TGT): Consider scaling out at key support levels or use the measured HNS target as detailed below if the formation completes.
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Potential Head and Shoulders (HNS) Formation
Trade Setup for HNS Pattern:
1. Entry : Enter when price decisively breaks below the neckline on a closing basis.
2. Target (TGT): Measure the distance from the top of the head to the neckline and project it downwards from the neckline for your target.
3. Stop Loss (SL): Place the stop above the head of the HNS pattern.
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Additional Confirmation
I've drawn a trendline to monitor for a potential breakdown. If either the Evening Star or HNS pattern aligns with a trendline break, it would serve as an additional confirmation for a short position.
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This setup combines a confluence of technical factors, making it robust for weekly trading decisions. Comments and thoughts welcome!
IMPORTANT THINGS TO REMEMBER
1. Don't be fooled by opearators Theyll try it take it up to sell
2. Don't be a hero, follow SL with 1% extra loss max. (as setup is on Weekly TF)
GBPJPYHello guys TechPips here this is my personal view on gbpjpy market as been bullish on daily and they are beginning to lose momentum or Liquidity since new high as been created so I am expecting a bearish run on daily in this new week we are entering so in my 1hr timeframe I am expecting the bears to break the trend and redirect the trend then I will look for an entry to swing for few days.
NOTE : Risk management is Important in trading so kindly apply it if you are join the ride. All action made by you based on your capital is your responsibility so trade with caution and be smart in taking trades.
MyMI Apex Trader Funding - ES Short Trade on Market OpenWe're looking for a resistance pullback at the lower support level before we can break higher here. We're seeing the formation of an Ascending Triangle which also suggests a more bearish move lower even to retest $5,822 again before truly pushing higher.
Stay tuned for more!
Links in the signature!
GBP/USD idea short Hey everyone i have a possible idea to go short on gbpusd on the daily timeframe.
It goes like this the rising wedge pattern has been broken and is on the right track to a head and shoulders pattern if the pattern is nicely formed then go to a lower timeframe to follow the bearish trend.
Wishing everyone a good trading week!!
#bearish #headandshoulders #short
USD/JPY idea short 1hHey i have a little idea for a short position it goes like this.
A rising wedge pattern is made but does not rise and falls below the pattern so a reversal is coming i think.
Plus he also hit my support on the week time frame so i think my reversal is confirmed now wait and see.
If he should still return and turn above the pattern, then take a long position it's also the weekend this is just a calculation but it seemed like a possible solution when the market opens again.
Enjoy your weekend everyone!
#RisingWedge #Bearish
Follow-up Update on NASDAQ - Down-move has started?This is in continuation from my weekend update on NASDAQ:NDX where I mentioned that we should likely be headed down from the upper channel line of rising wedge. Yesterday we got a negative daily close and in hourly timeframe, we can see clean 5 waves down. More in the video.
SOL and BTC Longs and Shorts Clear inverse relationship between the longs and shorts on SOL.
White (longs)
Orange (shorts)
Right now the longs have reached the same level as when SOL hit its high of 200 back in march this year. Longs got dumped on recently on this small sell off but interest remains at elevated levels.
Shorts coming off their lows and seem to bottom when SOL price peaks.
Longs build up pushing price to local highs then there leaves no one left to buy so price goes after the liquidity (shorts).
Opposite happens with shorts buildup. Price sells off some, shorts pile on pushing price lower until it reaches the local bottom then price reverses once all the longs get liquidated. Then price goes after shorts liquidity.
What then becomes the difference maker is how much spot volume comes in. At the bottom I have the aggregated volume of multiple exchanges showing the spot volume (light) compared to the perp volume (dark). Right now spot volume is pretty low; however, volume is low in general.
My takeaways:
SOL either needs to liquidate these longs while building up shorts. This would put shorts offside setting up for a nice reversal pump into the EOY taking out all the shorts creating a nice squeeze.
Or perhaps spot buying picks up eventually and the longs interest slowly rises surpassing prev long interest causing the breakout.
Similar analysis here on BTC but the short interest is pretty significant. Could be those who are arbitraging the perp funding rate by shorting instead of directional shorts but who knows exactly why.
If BTC begins to break out with strong spot buying soon after election uncertainty and EOY capital flows then all this short interest could get squeezed setting up for a perfect pump higher breaking out of this wretched range.
Time will tell. I think election uncertainty has market on edge as well as war/ recession fud.
EURUSD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0990
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0979
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDUSD Will Collapse! SELL!
My dear subscribers,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6886 pivot level.
Bias - Bearish
My Stop Loss - 0.6919
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6832
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
XAUUSD Shorts from Supply After News
I'm looking for shorts around 2655 after the news release. Price has recently taken out the nearest demand zones and could be looking to drop to a lower area of demand around 2600. If news comes out lower than expectations (bad for USD) price could hit the 2665 area before falling. Waiting for strong selling or a liquidity sweep near a high before I enter.
USDCAD Will Collapse! SELL!
My dear friends,
USDCAD looks like it will make a good move, and here are the details:
The market is trading on 1.3596 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.3547
Recommended Stop Loss - 1.3624
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK