Now that the trade is active, I will be watching specific patterns to identify whether to stay in the trade, or exit. I have place bold Violet color lines for trajectory PA that is going in a favorable direction to stay in the trade. There are all the different Fib lines color coded to identify specific areas of support and resistances. One problem is the Daily indicators are on the downhill run. I am (with great Hopium) expecting another express way upwards in PA. However all the lower time frames are trying to turn the PA into a positive direction and if so... then this temporary bottom is in and may our trade bring us a decent ROI. Good luck
Price is leaving the 4H OB, we can potentially look for sells if price shows rejection in the 4H targeting the Orange Breaker Block. Once there, we have to wait to see if a rejection happens to push us up or it could go to the demand zone in green. Either way, wait for confirmations/rejections at all times.
It would be healthy for BTC to have a bit of a correction here to complete a measured move down. ABC correction wave. Buy side liquidity at the highs of the range has been stopped out it seems and there is sell side liquidity likely at those lows. The BTC miners seem close to bottoming but I am anticipating a move down lasting until Monday-Tuesday next week. It’s 50/50 whether this move happens. 30% chance of success on the trade as it is a counter trend trade.
Full BTC/USD 4H Analysis with Projections Key Ichimoku Observations: 1. Tenkan-sen (Blue Line): Flat, indicating short-term indecision. 2. Kijun-sen (Red Line): Also flat, confirming a sideways market. 3. Senkou Span A & B (Kumo/Cloud): The Kumo is thin and slightly bullish (green), suggesting indecision but still supporting a bullish bias. Price remains above the Kumo, maintaining an overall bullish structure. 4. Chikou Span (Green Line): Positioned above price from 26 periods ago, confirming bullish momentum. However, it is approaching historical price clusters that may cause resistance. Wave Theory Analysis (N-Wave and P-Wave): An N-Wave (bullish impulsive move) occurred earlier, followed by a period of consolidation. Currently, a P-Wave (triangle formation) is evident, with price contracting between 100,000 (support) and 102,000 (resistance): Breakout above 102,000 signals trend continuation. Breakdown below 100,000 signals bearish correction. Time Theory (Kihon-Suchi): Ichimoku Time Theory suggests cycles of 9, 17, 26 periods where price movements, reversals, or consolidations occur. Using these time projections: 1. We are at the Decision Zone: The price is consolidating, and a breakout or breakdown is expected within 4-8 candles (16-32 hours). 2. After the breakout/breakdown, the following time projections apply: 9 candles (36 hours): For 1st targets. 17 candles (68 hours): For extended targets. Trade Setup with Projections: Bullish Scenario (Higher Probability): Trigger: Breakout and close above 102,000. Confirmation: Price holds above Tenkan-sen and Kijun-sen. Chikou Span remains free of resistance. Targets and Projections: 1. 1st Target: 104,000 reached within 9 candles (~36 hours) after breakout. 2. 2nd Target: 106,000 reached within 17 candles (~68 hours) after breakout. Stop Loss: Place below 100,000 (psychological support and Kijun level). Bearish Scenario: Trigger: Breakdown and close below 100,000. Confirmation: Chikou Span drops below the price structure. Price enters and closes below the Kumo. Targets and Projections: 1. 1st Target: 98,000 reached within 9 candles (~36 hours) after breakdown. 2. 2nd Target: 96,000 reached within 17 candles (~68 hours) after breakdown. Stop Loss: Place above 102,000 (resistance and previous highs). Time Cycle Summary Table: Conclusion: Current Bias: Bullish as long as price remains above the Kumo and 100,000. Next Action: Monitor price behavior near 102,000 (resistance) and 100,000 (support). Time Projection for Breakout or Breakdown: Next 16-32 hours (4-8 candles). This combined approach using Ichimoku Wave Theory, Time Theory, and price action provides a clear trade plan for BTC/USD.
Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The date that I am talking about as a volatility period refers to a period in which there may be a movement that may change the trend. In other words, it means that there is a high possibility of creating a new wave as the volatility period passes. Basically, the volatility period is expressed as an issue regarding the coin (token) or a global issue, but the volatility period that I am talking about is expressed by the support and resistance points and trend lines drawn on the chart. - The support and resistance points refer to the points drawn on the 1M, 1W, and 1D charts. In other words, they refer to the points of the HA-Low, HA-High, BW(0), BW(100), and OBV indicators displayed on each chart. When indicating support and resistance points, indicators connected to the current price candle are unconditionally drawn. Also, indicators that are not expressed up to the current price candle are drawn starting from the one with the longest horizontal line. Among indicators that are not expressed up to the current candle, horizontal lines expressed less than 5 candles are not drawn if possible. If there are support and resistance lines that are expressed too closely, the support and resistance lines that are closest to the current candle are used. - The StochRSI indicator is used to draw a trend line. When the StochRSI indicator enters the oversold or overbought zone and reverses, that is, when a peak is created, those points are connected and expressed. Therefore, the peak created in the 20~80 range of the StochRSI indicator is ignored. Therefore, the trend line is created by connecting the high and low points of the StochRSI indicator. However, the high point connection line connects the opening price of the falling candle. If there is no bearish candle at the peak of the StochRSI indicator, move to the right and use the first bearish candle. When drawing the trendline for the first time, it is better to draw it from the vicinity where the current wave started. If the StochRSI indicator has two peaks in the overbought or oversold area, use both when it leaves the overbought or oversold area and then re-enters it. Otherwise, use only one peak at a time. - https://www.tradingview.com/x/zqjA4eZt/ https://www.tradingview.com/x/Ipotuukp/ https://www.tradingview.com/x/PupWeXv8/ Draw support and resistance points and trendlines on each chart. - https://www.tradingview.com/x/mIWnft4Y/ Find and mark points where trend lines or support and resistance points intersect at least two times. The importance is determined in the order of trend lines drawn on the 1M chart > trend lines drawn on the 1W chart > trend lines drawn on the 1D chart. Therefore, in order to express a period of volatility with a trend line drawn on the 1D chart, there must be at least two intersecting points. In other words, there must be at least two intersecting points when indicating a period of volatility, such as when trend lines intersect each other or when trend lines intersect support and resistance points. In addition, support and resistance points are also important in the order of 1M > 1W > 1D charts, so when they intersect with support and resistance points, they are selected according to this importance. - https://www.tradingview.com/x/eJsDVm8Q/ Then, if you hide the trend line, you will complete the chart showing the period of volatility. - When drawing for the first time, 1. When indicating support and resistance points, if you do not understand the arrangement of candles, it may be difficult to select. 2. It may be difficult to select the peak and candle of the StochRSI indicator. 3. It may be difficult to select which intersection point to select when indicating the volatility period. Since you cannot get used to everything at once, it is recommended to draw and observe one by one and try to solve the difficulty of the next step once you get used to it. - The StochRSI indicator on this chart is an indicator whose formula has been changed from the basic StochRSI indicator. Therefore, if possible, it is recommended to use the StochRSI indicator on my chart. If you use your own StochRSI indicator, Settings: 14, 7, 3, 3 (RSI, Stoch, K, D) Source value: ohlc4 If you change the values above, it will be expressed similarly. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
What we should be looking out for now is to create support and then resistance, until then we can't predict the market, until the traders come in and show their interests. If they want to buy more then we should expect support then more bullish candles to force prices up, in contrary if they intend to sell more then expect support followed by less bullish candles followed by strong bearish candles to force price to break that support with momentum candles.
Today’s top holdings from crypt0nest.io feature a powerhouse lineup with Ethereum Naming Service (ENS), District0x (DNT), Helium (HNT), and Helium Mobile (MOBILE). Using advanced Bullish Fibonacci Price Targeting, we’ve identified key bullish levels that could develop during the next big move in the crypto markets. ?
I just chose this stock on some advice hopefully the big move in the right direction pans out..
Still bitcoin is pushing the price slowly on recent ATH at 104.1k resistance area but LTF movement of bitcoin fail to break the recent swing at 102.5k now present structure is forming a mini bullish structure. ? Keep on eye on white box area which is our possible rejection area for flip of bias as bearish. ? But if price will break above on white box and same time on recent swing at 102.5k price will aggressively hit the ATH and buyers volume will kick in. ? Always wait for confirmation panda fam while market is on sideways. ?
Double top pattern is beautiful in Fantom H4, we can go to $1 if Fantom can't hold now support level This scenario super legit if u switch to D1 timeframe where Fantom create double top in line chart and higher lower high super legit