? Market Insight – GBP/USD After a long time, I’ve revisited the currency pairs — and GBP/USD has caught my attention! The setup is looking strong and is preparing for a move toward the 1.50 benchmark, sooner or later. ? Stay tuned — opportunities are lining up!
friday plan, was to SHORT (see prvs post) sell zone starts . friday open ends . monday open entry . 95.542 sl . -2.62% 10 sell orders . 1.52% spread tp1 . 91.642 . +3.99% funding . +0.01% we are according to plan + collecting funding tp1 adjusted to moderate, since bullish outlook coming from april. tp2 . +10.11%
In my previous article I describe the potential breakout if 88K was compromised. I pointed out, the compound double bottom in the 74 to 78K area implied a greater probability of price breaking out, it was just a matter of catalyst. IF anything this possibility should have told you that swing trade shorts are a lower probability and much riskier within that resistance zone. For those of you looking for precise calls, eventually you will learn there is no such thing, because markets adjust to new information as it becomes available but we can assign loose probabilities to scenarios. So what technical possibilities are we looking at for the upcoming week and how will this shape our expectations? On my chart, the updated anticipated scenario (See illustration) points to a retrace back to the 90K area which is NOW a support. Since the broader trend is bullish it is within reason to expect this support to HOLD and NOT break. That means it is an ideal location for high probability swing trade longs UPON confirmation. Watch 93,250 break (see blue arrow) to confirm price is following the retrace scenario (break of previous candle low). IF this is not broken, then the retrace scenario is NOT in play. Another fact I want to point out is a new minor impulse structure is now in effect (it is not numbered on the chart). The move from the 74K low to the current high contains 3 waves which means the next retrace is likely Wave 4 which would then open the possibility for the Wave 5 breakout beyond the 95K area. Wave 4 to 5 is the highest probability wave to anticipate because it requires 3 waves to be in place and has to adhere to the Wave 1 overlap rule. While this does not offer a specific setup to trade, it does help to shape a clear expectation. All you need from there is a system or method to confirm the bullish reversal (like the Trade Scanner Pro). Other than that, If Bitcoin manages to maintain the support above 90K, this new rally may be the broader Wave 5 that I have talked about previously which implies a test of 109K over the next quarter. Again this is a game of gauging potential and then quantifying the risk that is associated with it. That is only the beginning of the trade idea because from there you must have a decision making process in place to manage the trade in a constantly CHANGING environment. IF you fail to have such a process then you face random results. Thank you for considering my analysis and perspective.
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We have a situation here where the market bottom has been confirmed. Notice that MANTAUSDT is trading above its 11-March low but below its 3-Feb. low. The pairs that are trading above the 3-Feb. low are stronger from a TA perspective and from a trading perspective and likely a fundamental perspective as well, compared to those trading below. They are stronger first because the recovery is strong and second because the crash was smaller. In both cases, the rise and the drop, the market showed more support and action on these. This is something to keep in mind when choosing your pairs. Stronger pairs tend to produce better results. When retraces and corrections happen, they tend to happen all across. So those stronger will continue to outperform and you better choose those when choosing you Altcoins, with some exceptions of course. There are thousands of Altcoins and it is hard to choose. For me, I chose on 7-April when the bottom hit, so all are green, but the world (and trading) doesn't end there. The truth is that bottom prices are great but available only for the short-term. You can use moving averages as well to know which pairs are better than another and which ones are more likely to move next. The ones trading above the longer EMAs are the ones that are stronger. Just a few tips and tricks to improve your chances of success. Thank you for reading. Namaste.
ME ~ 1D Analysis #ME This trade is very high risk Buy from here if you still have a Conviction on this coin with a short -term target of at least 10%+.
This is a very, very easy set of targets that I am setting up here for Compound (COMPUSDT). And this trade setup with 4X leverage is low risk, very low risk. High potential for reward (more than 2,000%). After June 2023, the dynamics changed from lower highs and lower lows, to higher highs and higher lows. Late March produced the highest (buy)volume ever for this pair on this exchange. Someone in the background knows what is about to happen. Someone big. Now you know too thanks to this chart and trade-numbers. The stop-loss is not meant for your liquidation nor for any trading, it is meant to indicate when the chart setup goes bad. Leveraged trading is for advanced traders. If the stop-loss conditions are met, maybe monthly rather than weekly, the chart setup and market conditions are lost. Obviously, the stop-loss conditions can be activated and yet, growth still happens within weeks or months. Stop-losses should be ignored. Only advanced traders should use those. This is a high probability trade setup. High risk vs a high potential for reward. The numbers are meant for illustration only. Some people can use them to make predictions, others to decide where to buy as simply Cryptocurrency investors, while still others can use them to trade. How you use these numbers is to you. I am not responsible for any loses, for how the market behaves nor any of your mistakes. Trading is a game for adults. A game, truly. This game can produce money as well as losses. Trade at your own risk. I am wishing you success and great profits. You can do this. Just keep trying, work hard, study... Focus. Full trade-numbers below: _____ LONG COMPUSDT Leverage: 4X Entry levels: 1) $46 2) $43 3) $41 4) $36 Targets: 1) $50 2) $55 3) $60 4) $75 5) $88 6) $100 7) $122 8) $140 9) $165 10) $180 11) $205 12) $245 13) $274 14) $311 Stop-loss: Close weekly below $35 Potential profits: 2428% Capital allocation: 3% _____ Don't mind my disclaimer on these trades. Some people can't face the fact of a losing trade. It is for those. Responsible people like you and me know how the game works. We are happy to accept our winnings as well as any loss. We do not blame others for our mistakes. Life is full of challenges, we use these challenges as learning experiences. Trying circumstances are what made us into who we are today. When you are going through something hard, it can be tough to face this reality with a smile in your face. When you look back to the past, in retrospect after all is great, you might even laugh and wear a badge of honor for the hard times you were able to overcome. Think about it, a challenge that was once a nightmare, is now only a story that you can share and enjoy while you continue to grow. Trading can help you improve your life, if you are honest with yourself and accept the fact that the market cannot be controlled. Yes, there is some manipulation, but nothing can control how nature works. Nature works in cycles... After going down, everything grows. Cryptocurrency is going up. Get used to it, because we are about to be showered with tons of profits, lots of money for all those who take the risk to buy and hold. Buy and hold now that prices are low. Namaste.
In this video I show you what a dissolved order wall looks like on an order flow heat map.
BTC PERPETUAL TRADE BTC SELL SETUP Currently $94,450 Sold at $94,450 (Trading plan If BTC up to $96k we will add more shorts) Expecting target $92,500 OR DOWN Incase of early exist will update this anaylsis Its not a Financial advice
This one caught my attention and the project seems to be a good one, the concept behind it. The chart here is very young so I am using a short-term timeframe, 4H. (I will do a more thorough analysis once more data is available.) The classic Adam & Eve (A&E) bottom formation is present on the chart. The action recovered above the 6-April low but it is still early for this pair, which can be good, a good opportunity for buyers. Buyers beyond. There is still no high volume candles/session but growth has been happening for 10 days. This isn't much but lower prices are better than higher prices. Again, for buyers. This can turn out into a good project. I see bullish potential for this pair in the weeks ahead, and months. There is room for growth. 100% bullish above support —blue lines on the chart. In general, NILUSDT (Nillion) continues bullish as long as it trades weekly and monthly above the All-Time Low. Easy buy and hold. Decentralizing privacy related data? Sounds great! Namaste.