Anticipating BTC to trade within the range of the previous monthly low and high. A clear direction may emerge if it breaks below the previous monthly low, signaling potential downside momentum. #BTC #Crypto"
Hello traders and investors!
I've seen several ideas for selling based on different patterns, but I'm not seeing the context for selling just yet.
On the daily timeframe, we still have a sideways range. The seller's vector 9-10 has hit the obligatory target, but it hasn't reached the lower boundary of the range at 59005. This lower boundary represents a buyer's...
Hello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago, and started to trades in the range, where it at once rose to the top part of this pattern and some time traded near. After this, the price turned around from the top part of the range, and in a short time declined to the seller zone, which...
GOLD: Bullish - FLAG detected + Breakout of the range.
1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$.
2- When we break a range the Take profit should be the Height of the range.
Then the TP2 is expected around 2 518$.
3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is...
Hello investors and traders!
On the weekly timeframe, we have a sideways movement. The current vector is for buyers 8-9. The first target, 3580.34, has been reached by the buyer. The next target (if the buyer surpasses 3580) is 4372. If the weekly bar closes below 3056.56, the likelihood of further price decline will increase. Considering an investment deal would...
On the daily timeframe we have a sideways market. The bearish vector 5-6 has been played out. After the price interacts with the level of 3200 and the buyer’s strength shows, we can consider long positions with a target of 3722.
The seller has reached their targets from the previous review - 55.2 and 49.
On the daily timeframe, there is a sideways market, and the seller's vector 7-8 has hit all targets. The price touched the lower boundary of the sideways market at 40.685 and showed a bullish reaction. I am observing the actions of the buyer. There is a threat for purchases - the...
Hello traders and investors!
On the daily timeframe, we observe a sideways trend. The buyer's vector 4-5 has played out. The price is at the upper boundary of the sideways trend, and we can consider looking for sales as an idea to implement the seller's vector 5-6 with the first target at 40.07 (then 34.83, 32.3). After the previous review, we notice a strong...
On the daily timeframe, there is sideways movement. The bearish vector 7-8 is relevant.
On the hourly timeframe, there is sideways movement. The bearish vector 11-12 is relevant.
I believe that we will see a bearish movement.
Sales should be looked for in the red zones - seller zones (blue zones - buyer zones).
Targets on the hourly timeframe - 61, 60.
Targets...
Livepeer BINANCE:LPTUSDT seems to be giving us a great opportunity by retesting the top of its previous accumulation range. The Perfect Cloud (BPC) remains green, indicating that the uptrend is intact for the time being.
This retracement back to this very strong structural level is further reinforced by the Vegas Daily (blue cloud) of the Trend Identifier (BTI) !
Last week, the EUR/USD market was a whirlwind of activity, marked by heightened volatility and significant price swings. The week began with bullish momentum, as buyers took charge and pushed prices higher. However, by midweek, the market experienced a dramatic shift, with increased selling pressure leading to sharp declines in the EUR/USD pair.
Despite the...
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago started to trades in the range, where it some time traded near the support level, which coincided with the buyer zone with the bottom part of the range. Later Gold fell to this level again, but at once rebounded and rose to the top part of...
In educational article some week ago, I wrote that most financial instruments spend more than 75% of their time in this sideways market mode. So, knowing how to trade in sideways markets is a important skill for traders and investors.
I highlighted 5 skills that help effectively trade in sideways markets. Discussing the first of them - how to combine the higher...
It's an interesting situation. We have context for both selling and buying.
On the daily timeframe, there's a sideways movement (upper boundary - 49.96). The price has now returned to it, but the daily candle has not yet closed. If the daily candle closes inside the sideways movement, then we can look for sales, and the bearish vector 5-6 with a target at 32.3...
On the daily timeframe, we see a sideways movement with the upper boundary at 49.96. The price has been above the upper boundary for the last 20 days, but yesterday it returned to it and stopped at the 50% level of the last buyer's impulse on the weekly timeframe. This is clearly visible on the hourly timeframe:
At the top, a seller's zone has formed with the...
Hello traders and investors!
It's time to update the forecast. During the last review (23/03/2024), we observed a short vector 7-8 within the sideways movement on the daily timeframe. The target of the long vector 8-9 was 72419 (see the chart from the previous review). Currently, the long vector 8-9 has reached this target.
It is advisable to look for sales at...
