Nice little W pattern playing out. Expect a break and then retest of the 1st resistance line. Assuming it holds on 1 hr (with only a wick below), could be a nice entry point. Anyway, TP lines set out. Fingers crossed. https://www.tradingview.com/chart/3OFxvM41/?symbol=BINANCE%3ASOLBTC
I call the shots anywhere everywhere all the time CRYPTO:SOLUSD See my Fib Levels for targets below. Enjoy.
Technical Analysis and Outlook: Bitcoin has reached our significant Key Resistance level of 106000 during the current week's trading session. This development signals a retest of the completed Outer Coin Dip of the 108000 cryptocurrency before the expansion of the continued upward movement. Nevertheless, an interim decline may likely occur, leading down to the Mean Support level of 100000, with a potential further extension to the Mean Support level of 95000 before any resurgence in the bull market occurrence.
For the DXY the forecast is bullish, we have this seasonality is bullish, the cot non-commercial positions adding longs and removing shorts , the price action it took internal range liquidity and we have a nice rejection from it and it's going to the external range liquidity to the Weak swing with daily displacement
Hi traders is mpho again,I understand the delay in us30 the pull back was massive and aslo breakdowns unexpected it does happen in trading and it's normal market,move like that but without proper selling confirmations we stick to the trend but we do trade responsible n use tight stop looses to protect our capitals,soo let's expect corrections aswell for possible knew highs,let's normalize to remain positive during the hard times n good times not everytime is tea time,have a nice weekend.
Key Level Zone: 3.850 - 3.900 HMT v4.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. Important Note : Role of Key Levels: - These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns. - Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa). My Trading Rules Risk Management - Maximum risk per trade: 2.5%. - Leverage: 5x. Exit Strategy Profit-Taking: - Sell at least 70% on the 3rd wave up (LTF Wave 5). - Typically, sell 50% during a high-volume spike. - Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio. - If the market shows signs of losing momentum or divergence, ill will exit at breakeven. The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks HMT v3.1: - Enhanced entry confirmation for improved reward-to-risk ratios HMT v4.0: - Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling HMT v4.1: - Enhanced take-profit (TP) target by incorporating market structure analysis
Technical Indicators: Predictive Channel, Multi-timeframe Money Flow Index, and Institutional Supply & Demand Zones. Analysis: Money Flow remains bearish with the Bulls setting up multiple demand (support) zones to defend the newly recaptured 100k Frontline. Technical ratings across multiple moving averages and oscillators remain bullish. So the odds are against the Bears. The Bulls will try to regain control of the Money Flow. Once that happens and a new (continuation) trend channel forms, it'll present an opportunity to long BTC. I expect that to happen within the next 24 hours. But if the Bears sustain control of Money Flow and manage to clear the demand zones around 102.3k, then we might expect a correction that may, once again, push the price below 100k. The appearance of a new bearish channel will thus confirm a short entry opportunity.
It has a good reaction to the supply area and the probability of hitting the target is very high
Price is looking bearish and as such , a sell opportunity is envisaged if we can get a pullback to our identified sell entry price of 1.04241 our stop loss is at 1.06026 take profit at 1.01867
This trade was a short - 4% gain https://www.tradingview.com/x/sKseNWPv/