BTCUSDT H4 potential short price reached HTF supply zone,
even it broke above previous H (upper wick on Dec 1st) and created HH
but price formed an evening star then dropped
once price backtest supply zone and "appear bearish signal" within new formed supply zone, can consider do short
HTF is still bearish, e.g., day chart
but price has moved upside and continues make HL-HH-HL-HH since Nov 22ndb (H4)
Therefore, place order only if "bearish signal" appears
entry, SL, TP are given on chart
All are just personal opinion, not investment advice.
Supply Zone
Nifty 50 Support & Resistance Levels for Friday (10/12/2022)Here are the levels for NSE:NIFTY . One can trade with these support and resistance levels. These levels are for intraday trading only and valid only for one day. This does not mean that I'm telling traders to buy on support and sell on resistance; this simply means you can trade on your own setups, and these levels are just for convenience and might help you in the trade.
If you like these levels, you can boost me, tell me about it below in the comments section, and share it with other traders as well.
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Ethereum 3D Elliot waves with demand zone analysis hello friends,
as you can see on the chart, we have a solid downward 5-waves movement and since the wave 4 of the Elliot waves theory is already completed, we should wait for the 5th wave to mature to find the bottom.
I believe the market will continue its downward 5th wave and the best demand zone for the wave completion will be 550-640 order block . so if you want to invest in Ethereum the best support zone is yet to come and if you be patient enough you will get to buy it on very attractive prices.
Setting orders on the mention order block (550-640 USDT) with a stop loss of 490 to prevent from being stopped out on sudden market movements is a proper investment strategy for Ethereum.
Please manage your risk responsibly and make informed decisions.
good luck!
PVR LTD Supply Zone Breakout Swing high Break*PVR LTD*
Time Frame: Daily
Observation:
* Supply Zone Breakout
* Swing high Break
Resistance/Target: 1975 2092 2214
Support: 1711 1630
BTCUSDT local bullish until the supply?
The price is testing the resistance on the 4h timeframe and now the market is trying to create a new higher high
How to approach it?
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
BTCUSDT H1 potential short position Hi,
BTCUSDT H1 is almost at the end of the triangle pattern ,
price usually acts more volatile once the stock market opens (Monday is coming)
price already gets closer to supply zone which price has tried to reach several times but failed,
if price reaches supply zone (red block) and appears bearish signal,
can try short position,
entry, SL, TP are given on chart
just personal opinion, not investment advice.
EURJPY - Bearish Deep GartleyTwo things can happen, we can engage that trade at the market(now) or wait for the Bearish Deep Gartley Pattern to complete.
Why Wait?
I'm not comfortable seeing RSI going higher while the chart wasn't; I take that as a warning sign(check out the yellow eclipse at the bottom of the chart).
I trade with 1 of the mindset. I would rather miss a trade than engage in a low-probability trade.
Interesting points in marketIn my opinion places that i draw on chart can be a nice opportunities for some trade setup on LTF. Hard to say market direction for now because we have a lot of upside movement recently. Supply that we actually approaching can send us at least make pullback, but if market want to go up, values where is resting liquidity, marked xxx on the chart can be nice turning points.