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BITCOIN SOON TILL MOONHello budies,unlike other markets predictability and so called bitcoin relation to s&p 500 or others i belive bitcoin is not technically and specially on low tf s predictable but fundamentally.the large market cap of btc almost creates limitations for manipulation of whales but exchanges smart platforms are designed so perfectly that can benefit most of traders s/l ,liquids and so on.the reason that pesuades me to belive that most TA are not reliable is that cryptocurency traders mostly are observing the same price movements on their screens and mostly share the same knowledge of TA.a good strategy considering all probalality and avoiding emotional trading leads owners to have a good plan and benefit most of price movements.
Long
by HaghighatiMaleki
How do you spot your support and resistance?I have seen a lot of traders designing their chart with so much lines even at the lowest time frame all in the name of support and resistance. It’s quite funny but really not so. For me I only look for key zones or I call it strong zones. When plotting my S&R, I k my look for those zones that pushes market high to about 50pips and above as support or deep as low as 50pips and above as resistance. And I find them at H4 or H1 TF In this case my I have a clean chart on M15 TF where I easily fine my entries. Dose this make sense to you? Tell me, How do you plot your own S&R?
FOREXCOM:XAUUSD
by dlegendtbk
1
NEARUSDT is creating an inverse head and shouldersThe price bounced on the monthly support on 8$ after a false breakout from the weekly dynamic support. On the daily timeframe, the price had a breakout from the dynamic resistance and from the weekly resistance, and now the price is testing the 0.618 Fibonacci level as resistance On 5h timeframe, the price is creating an inverse head and shoulders above the weekly resistance How to approach? If the price is going to have a breakout from its neckline and retest as new support, we can apply our rules for a new long position. Be aware of the weekly structure on 13$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
BTCUSDT is creating an inverse head and shouldersBTCUSDT: The price got a rejection from the weekly resistance on the 46k as I said on the previous analysis. On the daily timeframe (the upper one) the price is creating an inverse head and shoulders and its neckline is the 46k key level. On the 4h timeframe (the lower one) we can see a Pennant pattern, and the price is testing the static support on 0.5 - 0.618 Fibonacci level. Usually, when the price is in the accumulation phase below an important structure we will see a new breakout. How to approach? We are monitoring the market and will wait for a reaction on the 0.618 Fibonacci level (43k). we could see a deep retracement until the lower trendline. If the price is going to lose the dynamic support the next valid support is 40k. IF the price is going to have a breakout from the pennant and a CLEAR breakout from 46k, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
5
BITCOIN 4H Inverse Head and Shoulder Bullish PatternBitcoin is forming an H&S pattern which is a bullish pattern. Currently, the market is at a standstill and is waiting for US Markets to react to the Russia-Ukraine Situation. A fundamentally strong event is happening internationally which can shape the markets for months to come if a war happens, the best strategy for me right now will be to wait for the market reaction to the to-be or not-to-be war. From a technical analysis point of view Bitcoin has taken a healthy correction and a point of $40,200 is still not a stretched out possibility as it will liquidate a lot of long positions and that is always a good signal for a good Pump, accumulate alts at sale and stay out of leverage
by CryptoJargonYT
5