BULLISH PENNANT ON 15m?Btc pushed the price through resistance and now is probably making bullish pennant pattern that can lead us to 23150 zone. according to mine before idea it would perfect fit.
Daily Charts
BTC IDEA FOR TODAY - 18.07.2022BTC manage to break resistance and grab more liqudations of short than i expected. For now good zone for enter short is zone on 22 600-23 300. BTC is moving in bear flag on 4h chart and consolidation on Daily. More probably is we are heading down after liqudation move of shorts. But remember to manage your risk properly. Stoplose at around 24k will be good.
Pump it back!Morning folks!
I suppose you're very inspiring with recent BTC performance, thus, we did also suggest last time upside action. But to be honest - it is nothing to be happy about. Those who read our Fundamental reports on FPA site know what I'm talking about.
The reason of the rally on stock market and BTC is Fed liquidity pump in recent two weeks. Yes, we already have explained recently this phenomenon, but in last two weeks there were big changes there, and we have to mention it here to warn you. This is artificial rally, guys. Banks need to sell their huge positions in stocks and BTC. They use Fed liquidity to initiate reversal. Once public is involved - they start selling their positions to them.
In general, since April 12, Fed has taken off 75 Bln. liquidity from the market. It seems, what's the problem? But the problem with US Treasury cash deposit - it has decreased for 300 Bln + within the same time. It means that net injection was more than for 200 Bln within the same period. If you take a look on changes in recent two weeks - net injection was around $50 Bln. That's why stock and BTC markets are rising.
It is no problem to trade it long on intraday charts. We're mostly speaking on long term investing - we stay aside for awhile from long position taking.
As we have the whole week until Fed meeting, BTC market should get some freedom, so we do not exclude reaching of 23K nearest target and maybe 25-26K as well. Although we have big doubts on a latter one...
Supposedly as 23K as 25-26K should become an areas potentially interesting for short entry.
We are currently in a bear pennant. Bottom very near. We are currently in a bear pennant. The total breakdown for the pennant has a target of 5k…if we just take the triangle part the breakdown is 14k….I think we go slightly below 14k then find our bottom aroun 13.7-13.9k Before the rebound. Of course there is also a slight chance we’ve found our bottom already in which case it will just break upwards instead of down. *not financial advice*
XRP LOST IMPORTANT SUPPORTxrp lost important support here , i am expecting leg down soon.Of course manage your risk properly using stoploses. It can be just fake breakout.
IDEA FOR AUDIO IN NEXT HOUERSAUDIO is holding the bull flag, in my opinion it will go down to 0,618 of fibbonaci reatrecemt and from there can bounce. Targets can be the fibbonaci zones.
HEAD AND SHOULDER PATTERN CONFIRMED?Hello friends, here is mine today idea . BTC is moving in consolidation last time. Here we can see on 4h chart that BTC is making potential head and shoulder . In my opinion we have confirmation here of that fake breakout as it was on left shoulder. next houers will confirm the next move of BTC today.
BTC IDEA FOR TODAY - 16.07.2022Sorry for being late, i have an important work to do. Soo last mine predcitions went good. Today i am preddicting a try of touching the liquidation zone for shorts and then retest the lower supports (KEY SUPPORT).
Reasons for it:
-market is on correction from last drop. after correction often prices go in trend like before the enter of correction soo now ( bear trend).
-Yesterday the price went down from Fibbonaci 0,618 area wchich is strong soo probably today BTC can make fake breakout of this zone grab some liquidity and go down.
- also on 4h chart we are in bear flag
NKN can soon explode NKN is holding bullish flag pattern and also its getting close to 0,618 of fibbonaci reatrecement ratio. I am expecting here pump ,of course its risky trade remember to use stop loses.
BTC idea for today. -15.07.2022BTC as in my yesterday prediction claimed over 20 400 resistance and now holding it pretty strong. BTC is in rising trend channel on 15m chart and probably most of this day will spend there. But i am predicting fake breakout to grab some liquidity over high laverage short players(21 200-21400) and then go back to rising channel.
here is some reasons:
-BTC is moving in consolidation on daily (19k-22k)
-consolidation in mostly bear sign if the tendention of move before consolidation was bearish.
-today there are a lot of ,,bad positioned shorts" on 20 200 wchich have liquidation prices at around of 21 300
GOLD can bounce over the support 🦐🏆XAUUSD on the daily chart is oin a bearish price action.
The price has dropped from the ath to the 1700 level and is now looking for a test of the weekly support.
How can i approach this scenario?
After a long downtrend, i will expect a retracement to the upside and i will wait for a price reversal at the structure to check the opportunity for a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USOIL back to the 100? 🦐USOIL on the daily chart moves over a dynamic support.
The market after the test of the highs is retraced at the 0.5 Fibonacci level at a monthly resistance.
How can i approach this scenario?
I will look for the potential break of the support area and in that case i will move on the 4h chart to set a nice short order according to the Plancton's strategy rules.
-––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
IDEAS FOR BTC FOR TODAYHello i am expecting big pump soon.here are some reasons:
-yesterday daily closed on ,,bullish engulfing" candle
-BTC is holding 0.5 of fibbonaci retracement
-S&P500 is making a bullish shark/bat pattern
-IF bulls will manage to take and hold 20k it can lead us to pump to 22k
weak relief to the bullsMorning folks,
As we've warned last time - BTC has to keep dropping because of fundamentals and cheating Fed action with its QT programme. Recent CPI numbers also stand not in favor of the bulls - now we could suggest 1% Fed change on next meeting. Thus, we're sceptic on any bullish performance right now. Based on technical picture we do not argue against minor bounce to 21.15-21.40 K area, but we do not see any fundamental changes and preparation for the shift of major trend. Thus, we do not consider any long positions by far.
If the pullback still happens, it should be good opportunity for taking new shorts here.
GBPJPY on a triple top 🦐GBPJPY on the daily chart is trading near to the recent highs.
The price after a 3rd rejection by the resistance structure dropped.to the 163 area and might move below it within this week.
How can i approach this scenario?
I will wait for the EU market open and search for a break of the support.
In that case, i ll be looking for the Plancton's strategy to set a nice short order.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Get ready to trade this level on bitcoin | BTC I'm going to long bitcoin from the level i've market below but it needs to be watched, don't preset this on your exchange you need to watch it as it's a bit choppy in the weekly to daily level.
You can see the daily marked above where we bounced from the dollar.
This next level looks fairly strong to trade
AUDJPY can move lower? 🦐AUDJPY on the 4h chart on last Friday broke below the support area at the 93 level.
The market is now looking for a retracement and a possible retest of the 0.382 Fibonacci level.
How can i approach this scenario?
I will wait for a retest of the resistance level and at that point if the price will provide an inversion i will check a potential short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Fed is cheatingMorning folks,
BTC was able to show a bit higher pullback, reaching minor 3/8 Fib resistance around 21.30K, although we've expected direct downside continuation. Why we've made a mistake? Well, we've trusted to the Fed promise that it should sell 48.5 Bln assets off the balance... But they have lied. In June they have sold six times smaller amount - just around 0.7 Bln. But it is not all yet guys. Since May, the US Treasury deposit decreased for 300 Bln. Money was withdrawn and sent into economy. It means that net liquidity inflow is + 250 Bln, instead of -48.7B as it should be. So, feel the difference.
Of course the bulk of these money flow to the stocks, which explains why they are stopped dropping. As BTC has 90% correlation with NSDQ, it also gets some money...
But, since the start of the July Fed has sold about 20 Bln (look TW chart WSHOSHO). And markets immediately have turned down again. Thus, it is simple explanation with no changes in fundamental background. This also makes us to not change our opinion and wait for 12K area - our next target. We do not consider any long positions now.
For the short entry you could use bearish flag pattern on daily chart and few Fib levels to decide where to hide the stop. Besides, this week we get new CPI numbers. As liquidity has not been contracted - numbers probably will be above expectations, which provides more pressure on BTC as well...
Take care,
S.
butterfly re-shapedMorning folks,
As we've suggested last time - butterfly could be re-shaped if BTC shows upside AB-CD action but it makes no impact on its target and on the direction. Now we have three technical reasons to expect downside continuation on BTC market . First is the same bearish dynamic pressure on the daily chart, where MACD stands bullish but price action is not, forming pennant consolidation. Second is, the shape of price now. It is very choppy and indecision, showing no signs of reversal or thrust. Finally - our butterfly on 1H chart with the same 18K target.
Thus, we do not consider any long positions by far and downside action should continue sooner rather than later...
DXYUSDTJuly 5
hi traders
here in the chart we are sharing our idea on apple for you as you can see chart in the daily time frame we have a NAEEM wolf :) wave pattern and we expect these targets.
Good luck my friend NAEEM .
NZDCAD buy idea Daily TFNZDCAD on a buy following previous market chart patterns, two different patterns are signalling a buy. Tend not to trade on a monday, however this is looking more promising.
