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...
This is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames. Feedback will be highly appreciated. U.S. Dollar Index TVC:DXY Weekly: Daily: 4H: Gold Spot / U.S. Dollar OANDA:XAUUSD Weekly: Daily: 4H: British Pound / U.S. Dollar FX:GBPUSD Weekly: Daily: 4H:...
Hello There, The price has the potential to rise for a bearish pullback and drop to 0.5321 for a bias of 0.5173. However, there seems to be an area untested around 0.6599, so there needs to be a strong confirmation for a potential bearish pullback. The current candle wrestles with the high pin-bar to 0.6200, which is fairly neutral at this point. It opened...
Hello there, Solana is losing bullish momentum at the 183.00 area. This isn't a clear price movement for now; either we see a drop near 177.83 and 180.71 will be the level of interest, or a break above 183.63 will signal a bullish continuation. For now, area 4 remains subjective until 177.83 clears out, making it Elliot Wave 2 to my count. Overall, the price is...
Hi there, CHAINLINK has the potential to reach the second supply area around the 20.20 level and drop for a retest around the 18.77 before commencing up to the 21.00 major supply area. And a potential drop from 21.00 could follow to 15.00. If the current candle structure drops from the support level, breaches the demand zone, and breaks 15.69, that will...
Hello there Doge has pushed up from the 0.18617 low and is now losing momentum in the 0.20769 area. So we want to see the price go above that area, preferably to a higher low and close above 0.20790. Above 0.20790, there's potential resistance at 0.23222. The bias is towards the 0.28175 area, the target level is 0.26589. Now if the price loses momentum and...
Monthly tf bearish market structure with price completing a correction. With a FV gap waiting to be mitigated.
On the weekly timeframe, we have a sideways market. The current short-term trend vector is 5-6
💹 Let's dive into analyzing the favorite coin of Ethereum whales, CRV. 💰 Firstly, if you examine the wallets of CRV holders, you'll notice some crucial aspects. Most Ethereum holders also hold a significant amount of this coin in their wallets. We'll discuss this further after the analysis. 🔄 On the weekly timeframe, we're essentially stuck in a range-bound...
Bitcoin appears to still have a significant demand zone. We plan to place a buy order in that area to secure a favorable risk-reward ratio.
Hello everyone, first of all, please take a look at my recent ideas on the pair (CAKE/USDT) from back in FEB 5th: & March 7th: NOW, I can imagine two HIGH PROBABILITY scenarios with different timings yet exactly the same target for the near term future of (CAKE/USDT) both of which are drawn as paths on the chart. Scenario A: RED PATH / lower probability...
Demand Range: A Launch Pad for Leap? In the daily chart of Dogecoin, we see the formation of a demand range at the price levels of 0.14700 to 0.15700. This area indicates strong demand to buy Dogecoin at this price range. As can be seen in the chart, Dogecoin price is currently forming higher bottoms. This behavior contrasts with lower bottoms in downtrends and...
Hi Traders ! On The Daily Time Frame, The USDCAD Broke a Strong Resistance Level (1.35898 - 1.36269). This Key Level Becomes a New Support Level. So, I Predict a Bullish Move 📈 ------------ TARGET: 1.37870🎯
After an almost 70% run to the upside from its bottom, there has been minimal structure built beneath it. Bull Case: We have a give or take 17% potential run to the upsides resistance level. Bear Case: Give or take a 20% draw down to major support, I believe this is most likely the case after its 70% run. On the other hand, these huge banks may get...
📈 BINANCE:AERGOUSDT SIGNAL ✔︎ENTRY : 0.1607 🏓TARGETS : ✔︎ T1 : 0.1748 ✔︎ T2 : 0.1907 ✔︎ T3 : 0.2093 ✘ STOP : 0.1490 🚦Stop Trigger: • If you make capital management: Stop is activated when one candle opening and closing below the stop level of the same time frame of the signal. • If you don't make capital management: Stop is direct without waiting for the...
SPX500 at has reached at resistance level according to weekly chart..The next step is to look for sell entry and observe risk management.
Here is my prediction of the possible price action for BTCUSD leading up to and a bit after the Bitcoin Halving. Previously I expected a big dump pre-halving but it looks like that has already happened if we look at the technicals. BTC looks to be creating higher lows and I think it will continue to do so until the halving whilst topping out. After Bitcoin...
APRIL 12, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BULLISH -- The price action successfully showed us the rejection, grabbed out all the sell side liquidities below the level, and filled out the FVG gap level which was marked between the $67,523 to $66,495 level. A bounce back in the price action we can see from its Horizontal Support level which is marked...