We have a 4H BTC-USD chart. Is this a falling wedge? Will we break out or go down again? Only time will tell...
ethusdt long target 1 done 300% LEV X 100 60% LEV X 20 Trading is not easy, there are difficult times too. However, with a lot of courage and strategies, we always end up facing these bad times. Don't be afraid to hit stop losses, there is no shame in hitting stop losses. Hitting the stop loss does not make you a bad trader. Even a good trader does not win all his trades, but he wins more than 75% of them or at least he remains positive or stable in his portfolio. DON'T BE AFRAID WE WILL ALWAYS COVER OUR LOSS AS PROMISED
The last few days showed a clear retest of the the upwards channel. Moneymakers, algo's and the big boys showed that the previous weekly and daily demand levels held very firmly as they didn't even enter the zone, but rather stayed/behaved nicely in the channel. With Trump and team talking office in about 5 days, we have a very compelling set of rule changes that are going to be implemented shortly (and play out at least over the next 2+ years!) that will benefit all businesses including the small caps, and in anticipation of the this, the truck was backed up and loaded to the brim. We were lucky enough to participate both in the first zone, and the second zone below that, to load up. Always good to buy in 1/3 increments to keep your powder dry. The upper test of the $54 area showed that there is heavy selling pressure there, but we have weakened the supply zone substantially as we stayed there for quite a few days. Expectations are that this move will play out over the next several months, possibly into the summer and ultimately end somewhere around the $62 range as highlighted by the green circle. There is another supply zone above that, which we've never retested, so that means it will bounce hard off that selling pressure. Good luck to all, and do your own due diligence. This post is for entertainment purposes only. And for me to document my own journey in this trade for my kids to see how it works, then call me out as either a dad than knows what they're doing, or call my bluff.
this chart shows us how btc is following nasdaq 5 waves of elliot are done divergence in RSI is seen nasdaq pattern is bearish https://www.tradingview.com/chart/NAS100/OO3WRtz0-NASDAQ-bearish-pattern/ i think we should be ready for a correction phase
it has reached all its targets from earlier and is at confluence. another confluence may give it some strength to try for 3500 USD and/or to trap more longs from there I expect a strong downward movement on ETH, as generally it has exhibited weakness both during dumps (selling stronger than others) and during pumps (growing slower than others)
This is the last shakeout before the huge pump be careful
? BTCUSD Intraday Signal ? ? Short Entry: 105,000 ? Target: 97,500 ? Stop Loss: 101,500 ? Expecting BTCUSD to retrace to 97,500 before potentially making a new ATH next week. ? Trade carefully, manage your risk, and stay updated! Please follow, comment and like.
//@version=5 indicator("Advanced Harmonic Patterns with Filters", overlay=true) // Inputs sensitivity = input.float(2, "Sensitivity", minval=0.5, maxval=10, step=0.1) atrPeriod = input.int(10, "ATR Period", minval=1) keltnerLength = input.int(10, "Keltner Length", minval=1) factor = input.float(3.5, "Keltner Factor", minval=1) showHarmonics = input.bool(true, "Show Harmonic Patterns") showSupportResistance = input.bool(true, "Show Support/Resistance") showSignals = input.bool(true, "Show Buy/Sell Signals") useRSIFilter = input.bool(true, "Use RSI Filter") rsiLength = input.int(14, "RSI Length", minval=1) rsiOverbought = input.int(70, "RSI Overbought Level", minval=50, maxval=100) rsiOversold = input.int(30, "RSI Oversold Level", minval=0, maxval=50) useVolumeFilter = input.bool(true, "Use Volume Filter") volumeThreshold = input.float(1.5, "Volume Threshold", minval=1, step=0.1) // Supertrend Calculation = ta.supertrend(factor, atrPeriod) // Plot Supertrend plot(supertrend, color=direction == 1 ? color.green : color.red, linewidth=2) // ZigZag Highs and Lows var float zigzagHighs = array.new_float(0) var float zigzagLows = array.new_float(0) var int zigzagHighBars = array.new_int(0) var int zigzagLowBars = array.new_int(0) if ta.pivothigh(high, 2, 2) array.push(zigzagHighs, high ) array.push(zigzagHighBars, bar_index ) if ta.pivotlow(low, 2, 2) array.push(zigzagLows, low ) array.push(zigzagLowBars, bar_index ) // Plot ZigZag Highs and Lows if showHarmonics plotshape(array.size(zigzagHighs) > 0 ? array.get(zigzagHighs, array.size(zigzagHighs) - 1) : na, style=shape.labeldown, location=location.abovebar, color=color.red, text="High") plotshape(array.size(zigzagLows) > 0 ? array.get(zigzagLows, array.size(zigzagLows) - 1) : na, style=shape.labelup, location=location.belowbar, color=color.green, text="Low") // Support and Resistance Levels var float supportLevels = array.new_float(0) var float resistanceLevels = array.new_float(0) if array.size(zigzagLows) >= 2 supportLevel := array.get(zigzagLows, array.size(zigzagLows) - 1) array.push(supportLevels, supportLevel) if array.size(zigzagHighs) >= 2 resistanceLevel := array.get(zigzagHighs, array.size(zigzagHighs) - 1) array.push(resistanceLevels, resistanceLevel) // Plot Support and Resistance Levels if showSupportResistance for i = 0 to array.size(supportLevels) - 1 line.new(bar_index - 10, array.get(supportLevels, i), bar_index + 10, array.get(supportLevels, i), color=color.green, width=1, style=line.style_dashed) for i = 0 to array.size(resistanceLevels) - 1 line.new(bar_index - 10, array.get(resistanceLevels, i), bar_index + 10, array.get(resistanceLevels, i), color=color.red, width=1, style=line.style_dashed) // RSI Filter rsi = ta.rsi(close, rsiLength) rsiFilter = not useRSIFilter or (rsi < rsiOverbought and rsi > rsiOversold) // Volume Filter volumeFilter = not useVolumeFilter or (volume > volumeThreshold * ta.sma(volume, 20)) // Buy/Sell Signals based on Supertrend and Filters buySignal = ta.crossover(close, supertrend) and direction == 1 and rsiFilter and volumeFilter sellSignal = ta.crossunder(close, supertrend) and direction == -1 and rsiFilter and volumeFilter if showSignals plotshape(buySignal, style=shape.labelup, location=location.belowbar, color=color.green, text="BUY") plotshape(sellSignal, style=shape.labeldown, location=location.abovebar, color=color.red, text="SELL") // Alerts alertcondition(buySignal, title="Buy Signal", message="Buy Signal Detected") alertcondition(sellSignal, title="Sell Signal", message="Sell Signal Detected") // Advanced Harmonic Patterns (Gartley, Butterfly, Crab, Bat) var bool gartleyPattern = false var bool butterflyPattern = false var bool crabPattern = false var bool batPattern = false if array.size(zigzagHighs) >= 4 and array.size(zigzagLows) >= 4 X = array.get(zigzagHighs, 3) A = array.get(zigzagLows, 2) B = array.get(zigzagHighs, 1) C = array.get(zigzagLows, 0) D = close AB = math.abs(B - A) BC = math.abs(C - B) XA = math.abs(A - X) AD = math.abs(D - A) // Gartley Pattern gartleyPattern := AB / XA >= 0.618 and AB / XA = 0.382 and BC / AB = 0.786 and AD / XA = 0.786 and AB / XA = 0.382 and BC / AB = 1.272 and AD / XA = 0.382 and AB / XA = 0.382 and BC / AB = 1.618 and AD / XA = 0.382 and AB / XA = 0.382 and BC / AB = 0.886 and AD / XA
Looks like price has seen an impressive Bullish reaction today from the 0830 news drop that took out the past days highs that was housing a ton of BSL. Conveniently, price seems to be drawing into the D SIBI and is in close proximity to the High from Wed 08 Jan 2025. I can see price trading into the SIBI and finding some sort of rejection. Now to go forward does this make my Bias Bullish leaving the focus on the SSL at 20640.00? No not just yet because I would like to see how price trades and respects the three Premium Arrays being the D -OB, D Volume Imbalance, and the D SIBI. If price is Bullish then it should see little resistance from the CE level and the MT of the D -OB but if price is Bearish then we will see it respect a Premium Array and then continue lower. So far there is a nice sweep on SSL and the CPI rally could be the Displacement and MSS that price needed to make to turn things around to become Bullish and start to hunt the Highs for BSL from the Mon and Tue highs of last week.
In whispers soft, the market sings, Of rising tides and flighty wings. A Fibonacci swirl foretold, The bulls rise bold, their story told. But shadows loom where traders frown, Whispers speak of plunges down. Retracements keen, resistance bare, A market’s breath laid fully bare. Like waves that crest and fall anew, The charts recount their rhythmic cue. A bounce foretold, yet downward stare, The cadence of the market's care. So watch the lines that traders know, And heed the ebb where currents flow. For in the charts' poetic grace, The rise and fall finds its own space.