The USDJPY pair has recently broken below a key support level. This area could potentially act as resistance, presenting a classic break-and-retest scenario. A bearish confirmation, such as rejection wicks, bearish engulfing candles, or strong selling pressure, would validate the potential for a short setup. If sellers step in at this level, the next downside target could be the 154.537 zone. Traders should monitor the retest closely for clear signs of rejection before committing to short positions.
SNX ~ 1W #SNX If you still have Conviction on this coin,. This support block will be a very good buying place for now. buy from here with a minimum target of 20%+
This trendchannel says it all, if you follow the parralel channel you can predict a potential target
Let’s make this clear: this idea does not target a short position. While the exact timing of the next fall remains unconfirmed, I’ve outlined a potential movement starting from the yellow arrow at the $108K zone, extending downward to the gap area. The price could settle anywhere between $73,653 and $88,965, leaving the end result uncertain. This chart is based on a 2-week timeframe. I will later create ideas on shorter timeframes to provide a more detailed breakdown of price movements. My auto trendlines will populate with plots that map out the trajectory of the price. As of now, this idea is about 25% complete, and the full story will unfold across subsequent ideas. Sharing everything here would only clutter the analysis. Key Observations from This Idea: The Triangles (Space Patterns): The first white triangle represents the "space" formed during the broadcasting of the second wave. The second white triangle reveals a similar space being formed, indicating that at some point, the price may need to revisit and fill this area space, just as it did with the first space. The gap reads like a magnet. Custom Wicks and Trendlines: My custom wicks display a clear relationship with the trendlines. While traditional wicks may suggest room for further uptrend, my analysis shows that the cycle from the previous All-Time High (ATH) has completed. ADX and +DI Movement: Pay attention to the ADX and +DI. When both move in the same direction, it signifies bullish momentum. This suggests that despite any bearish sentiment during price declines, Bitcoin is likely gearing up for another wave surpassing the $108K mark. The green arrow pinpoints where the $108K target was filled. From the bottom of the lime rectangle to its end, +DI began its journey to a new ATH. During this phase, ADX initially did not align with +DI, creating a bearish outlook in technical analysis. This misalignment triggered global fears of a Bitcoin crash, which played right into the hands of smart money. Prices were subsequently driven upward. Crucial Insights: As ADX and +DI now align in the same bullish direction, we must remain cautious. While this alignment reflects the reality of technical analysis (TA) and suggests Bitcoin's upward trajectory, it’s crucial to recognize the psychological play at hand. Smart money understands that traders will become increasingly bullish due to this signal, which could lead to dangerous overconfidence. When the herd leans too heavily on bullish sentiment, smart money often "rolls the clip" in the opposite direction—toward bearish moves. Why the ADX and +DI Alignment Matters: This alignment occurred because Bitcoin was already in motion, and this momentum couldn’t be artificially manipulated—it’s simply how the technicals unfolded. However, this doesn’t mean we should disregard the possibility of a strategic reversal driven by market psychology. Next Steps: I will shift my focus to shorter timeframes in my next idea to provide a clearer view of price movements. These shorter timeframes will help refine the analysis and illustrate the potential trajectory with greater precision. Stay tuned as I continue to unravel the full picture in the upcoming ideas. Each piece will add depth to the narrative and enhance our understanding of Bitcoin’s price dynamics.
the Nasdaq seams to be most profitable when buying above the wednesdays and fridays high this avoided entries in the bearish move on july 2024 breakeven stops in aug 2023 only small losses in jan/april/sept 2022 all in all a pretty good strategy when exiting below the low of prior two days
- The market left above equal liquidity. - There is an order block and FVG at the same point. - The trend is bullish on the 4-hour timeframe. - Take a buy entry based on confirmation from a smaller timeframe.
Standard Deviation Explained Standard deviation (SD) is a statistical measure of volatility, dispersion, or risk in a data set. In trading and investing, standard deviation helps traders understand how much an asset’s price fluctuates relative to its average price over a given period. Key Concepts of Standard Deviation: 1. Measures Volatility: A high standard deviation means greater price fluctuations, while a low standard deviation indicates stable price movements. 2. Deviation from the Mean: It tells us how far individual data points (e.g., prices) deviate from the average (mean). 3. Used in Trading Indicators: Standard deviation is used in Bollin
DYDX ~ 1W #DYDX If you still have Conviction on this coin,. This support block would be a very good buying place for now,. Buy from here with a minimum target of 20%++
After CPI even yesterday making a valid pullback we will be looking to take Buy Side Liquidity. MacD is supporting our entry along side with staying above both EMA's and staying Bullish on the HTF For my entry Im looking to enter from this Mitigation Block sitting at this Demand zone. To confirm this entry we will be looking to fill this imbalance. Phycological number being 85300 for TP. If this TP reaches then we will be at a valid Batwing pattern.
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