Price has entered the weekly demand zone and slowed down in price luring in buyers. However, many are not taking note of the incomplete compression within demand. Because this compression is incomplete, I think we are likely to see a breakout trap followed by completed compression BEFORE we see any signs of buying pressure. I will set alerts and sit on my hands...
Based on this intensive movement that we have in the four-hour chart and the reaction that the price has shown to the blue range. I have the mentality that the price should come out of the compression from the bottom. The $ 12.698 price range seems to be suitable for the reaction and the entry point for the trade.
Since demand has not been met and compression has not been completed, I believe sellers will have one more round before buyers intervene. I would like to join these sellers but I am unsure what supply they want to use. I have my alerts set and will study the price action on delivery before entering. Do you like the look of this? 💬
Compression bar for Tron (TRX) which sees a fairly high average price level maintained compared to the rest of the cryptocurrency market. This close should close with a bearish move that will consolidate a profitable start from a double low around 0.045, while if BTC looks for the BOTTOM around 18K (as I imagine), Tron could look for its low around 0.038. This...
Energy sector very strong. Ascending triangle and Consolidating right below 80.50 I will take a long position here targeting $84.00 if above $80.50
NZDUSD is is running out of steam near structure support. This indicates that price is going to form some kind of the consolidation patterns like ascending/descending channels or flags. We can capitilize on that. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
BTC is creating liquidity at the moment by making a compression. Its being made for a next impuls push, i will be watching the price in the green box POI to look for bullish conformation to make a new HH. I will look on the 1 MIN for bearish structure breaking. And create a limit long on the retest There is still some Supply imbalances that makes it intresting...
BTC is in a 15min Compression close to an important point to gain. High probability market is building up liquidation to then make a HigherHigh push BTC is in a downtrend so take profits before the target. This is called a Fadeout play because you take the other side of what normal traders do when a breakout happens in this case is Shorting when it brakes out off...
nice scalp on nvda 44% return, compression candle. 15min plus the 2min with the 30 sec time frames.
If BTC holds, the Supply area is a possible target. Watch out if BTC loses zone there is an possiblity that there is a fadeout out of the compression. If Market maker move is inplay possible target lower then the Compression
Chart in stage -3 compression with RSI entering 60+ levels,Entry :415, SL:347, TGT :490
I would like to join sellers around this supply/order block. If we can see a clear compression, liquidation and a shift in market structure on the lower timeframes, I will consider a scalp sell into the previous demand. We have a few things to be aware of today. The US markets are closed in observance of Presidents' Day today so we must take full advantage of...
I expected price to collapse after the liquidity run but it seems like new equal highs have been created to trap more sellers. Because of this new formation, I will be waiting to see if price wants to go higher into the next supply zone before considering sells. Traders, if you have your own opinion about this idea, write in the comments section, I always...
BTC is compressing in the daily time frame to break up.
Weekly chart showing a Congestion and compression pattern, price breaking above 70 can take it to 95
Trading Plan: 1) CP Sell with Yellow Box plotted shown demand zones cleared. 2) Pending for Fakeout setup. 3) PO at two OB above CMP (Current Market Price). 4) Good RRR. Target 152.5x
5pips SL room. 15min OB remains untouched. CP sell setup found below but seems not fully cleared the demand zones yet. Good RRR.
Looking at BTC 2H chart, looks like a clear downward compressive channel. Could be a nice shorter term play into the next retrace - as I don't believe the correction is over QUITE yet. But we're close. So play the range because it's so clear and make some money while we wait for the next big adventure to moontown.