As we can price is trying to change character after going long we a double top and then choch, so I expect price to fill Imbalance in the sell candle and then go short before going Long
I just recently opened a short on Eth. Am anticipating that the market will continue to fall a bit lower and that things could get messy given we lose the $3050 area. So...this could be bloody sunday. Or maybe big pump. For now though am more in favor of shorts. Given we fall to $3000 I'll be looking to potentially close out $3000 If momentum is strong then want to right it all the way to $2920 to close out 80% Then another 10% at $2900 Then its whatever, might full close there or watch to see if it falls lower
Hi, we are seeing the negative movement of the index, since, the start of october' 2024, nifty future got resistance from a 12M trend line earlier, now got the support from a 12M tl, under resistance from another trendline index formed a H&S and got good support from the neck line but under the resistance from the 2024 mid level, index is above the 2025 opening level , but below the falling trendline, so resistance is there previous month bank nifty monthly mid bollinger also helped the nifty, acted as a strong support there is a -ve MACD split/crossover in the monthly tf, also for the nifty and the banknifty ,index is below the weekly 50 MA you are going to find the patterns followed by the index in different time frames in the below graphics , with lot of information hope you will like it thanks
Just like I predicted before for price to do deep , it is now in our demand zone, so I expect price to go long now.
This is just a test of Bitcoin's data and shows its next moves based on price channels and its reaction to the areas marked in the future.
Bitcoin (and the rest of the crypto market) look very bearish. I am starting to hear and read "the end of the cycle" in youtube and x. I can see the reason why. 4H, daily and even 5D chart look pretty bearish. However, the weekly setup of momentum indicators make me think it is still too early to say the bull market is over. Please look at the blue dotted lines in the chart. These areas have very similar setups. 1) All momentum indicators are in the bull zone. 2) It looks that MACD lines are about to cross but haven't. There are many occasions where they look like they are about to cross to the downside but they just touch and resume to the upside. MACD is a very slow moving indicator. It is not very useful for intraday trading, but for the higher time frame (daily, weekly etc), it removes a lot of market noises and is very reliable. 3) The RSI based MA line (orange line in RSI) is still sloping upwards. This line ignores market noises. If the angle of the line is sloping up, the price tends to continue to trend upwards until it starts to change its angle. 4) Stochastic is moving downwards, however, there is a sign it is rolling back to the upside. Stochastic is the fastest reacting indicator among the three. So it provides an early sign of what may be coming. At this stage, I will not be selling my BTC. (I mean I will not open a long term short position) until I see a clear sign of the trend reversal in the daily or weekly timeframe. P.S. A lot of price manipulation happens on weekends so in general I won't make a big decision based on the weekend price action.
Bitcoin is facing rejection at the resistance trendline of the descending triangle pattern and is currently rebounding from the horizontal demand zone. The Ichimoku cloud remains a strong resistance barrier. A confirmed breakout or breakdown is needed to determine the next directional move.
swing long trade setup with 2,5 RR see ya at 5B SOON
DUSKUSDT is showing strong signals of a potential bullish breakout from the descending trendline, following several failed attempts. The recent price action showed a loss of momentum after facing a sharp rejection at the key $0.32 resistance. Accompanying that, the RSI indicator is diverging, creating an uptrend The price is heading towards a potential retest of the support zone around $0.1440 -$0.1600 . This zone is crucial as #DUSK attempts to gather fresh momentum. This is my personal opinion, not investment advice.
Same falling wedge pattern is repeating at Ethereum chart. It would break upwards, but it may not go to an ATH level if it exactly repeats.