#BILLYUSDT remains in a downtrend signal📉 SHORT BYBIT:BILLYUSDT.P from $0.0036300
🛡 Stop Loss: $0.0036860
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:BILLYUSDT.P continues its downward trend, testing the $0.0036300 level as a potential short entry point.
➡️ POC (Point of Control) at $0.0040257 indicates the highest liquidity zone, located significantly above the current price, confirming seller dominance.
➡️ The price failed to hold above $0.0038700, reinforcing the bearish scenario.
➡️ If the price breaks below $0.0036300, a further decline towards the target levels is likely.
⚡ Plan:
➡️ Enter short below $0.0036300, confirming further downside movement.
➡️ Risk management via Stop-Loss at $0.0036860, placed above the nearest resistance.
➡️ Primary downside targets:
🎯 TP Targets:
💎 TP1: $0.0034890
🔥 TP2: $0.0033642
🚀 BYBIT:BILLYUSDT.P remains in a downtrend — expecting further decline!
📢 BYBIT:BILLYUSDT.P is under strong selling pressure with no signs of buyer recovery.
📢 If $0.0036300 breaks with increasing volume, a move towards $0.0034890 – $0.0033642 becomes more likely.
📢 However, if the price rebounds above $0.0036860, the scenario may change.
Decliningvolume
NQ Power Range Report with FIB Ext - 8/5/2022 SessionCME_MINI:NQU2022
- PR High: 13335.25
- PR Low: 13317.00
- NZ Spread: 40.75
Evening Stats (As of 2:00 AM)
- Weekend Gap: N/A
- Session Open ATR: 318.09
- Volume: 19K
- Open Int: 260K
- Trend Grade: Bear
- From ATH: -20.25% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12960
- Short: 12057
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BTC Symmetrical triangle/PennantBitcoin is trading sideways last 5 days forming a symmetrical triangle and a pennant at the same time.
In modern markets there are not bullish and bearish patterns on its own. To be profitable, you need to use them in conjunction with other indicators, news etc.
Volume is declining, it's normal during the consolidation phase.
In the long run BTC is still in a bull trend, so if you intend to treat these patterns as bearish signals, that's not a good idea.
Every day, whales, like Luna Foundation Guard accumulate millions USD in Bitcoins.
So, the price target for symmetrical triangle is around $42.7k
The price target for pennant is around is around $44.6k
As for the stop loss, the "rule" says, slightly below the low of the pattern, or below the down trendline.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
IWM Reversal Incoming?IWM has clearly benefited from the “sector rotation” out of tech, but I think this run is about to fizzle out. The run up was on a dwindling volume. RSI is currently way overbought. The MACD and Stochastic combo are signaling a divergence. Couple this with a potential bumpy week ahead- FOMC, bond yield, and the spooky quadwitching- and I feel like IWM is a prime put candidate.
$li - consolidating, sitting at supportexcepting a bounce here where there are buyers and breakout past the triangle trendline
also see hidden bullish divergence, declining volume, higher lows for other bullish indicators
$plug - consolidating, flagging shout out to stockonomy ( www.tradingview.com ) for bringing this ticker to my attention.
long once we get above the point of control (orange dotted line) where the accumulation has been occurring,
also note hidden bullish divergence + declining volume.
ev seems like it wants to get hot again.
Buy $JKS PT1 72 PT2 81 SL 57 Rationale
Solar Sector is bullish long term
Price is getting towards the end of a consolidation phase (range getting tighter)
Price sitting on a massive volume shelf
Declining Volume since January
CRWD- One of the leaders in cloud endpoint securityCybercrime is expected to cost the world $10.5 trillion by 2025, making it the 3rd largest economy.
Recent SolarWinds attack reminds us that cybersecurity will continue to be one of the most important concerns federal govt, SMB and big enterprise pay attention to. Federal budgets devoted to cybersecurity will likely to increase and CAGR of the cybersecurity's TAM is likely to accelerate in the foreseeable future as well.
CRWD has outperformed many of its competitors recently and will likely pursue more partnership alliance and acquisition down the road. It is one of the leaders in cloud endpoint security, a niche area within cybersecurity space, and will likely remain so as it continues to expand product offers outside strictly endpoint/workload protection.
CEMI Potential Bullish set upCemi looks like is about to complete a Bullish Bat Pattern. I also noticed declining volume on the correction (bullish) and Hidden Bullish div on the MACD histogram.
ADAUSDT Supply Zone| Price Action| Local S/R| Swing High Evening Traders,
Today’s analysis – ADAUSDT- trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Grind
- Local S/R Support (.382 Fibonacci Confluence)
- Swing high objective
- Oscillators bullish control zone
- Declining Volume
ADAUSDT’s immediate price action is grinding towards a key support zone that has rejected price once, a pullback will allow for a long entry.
The Local S/R is in confluence with the .382 Fibonacci, a respect of this level is highly probable.
The Swing High is current objective, exceeding this level will make the local high as target.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market.
Local Volume Profile is on a declining, this is suggestive of an influx being imminent in the immediate term.
Overall, in my opinion, ADAUSDT is a valid long with the setup; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
WAVESUSDT Dynamic S/R| Supply Zone| Declining Volume| 200 MA S/REvening Traders,
Today’s analysis – WAVESUSDT- trading with a higher low construction, a break will be imminent,
Points to consider,
- Price Action Equilibrium
- Dynamic S/R Support
(200 MA Confluence)
- Supply Zone Resistance
- Declining Volume
- Oscillators Neutral
WAVESUSDT’s immediate price action is bullish with consecutive higher lows. The current equilibrium is forming at its apex where a break will be imminent.
The Dynamic S/R is in confluence with the 200 NA as projected support, maintaining these as such will be indicative of strength.
The Supply Zone is crucial resistance that needs to be breached; closing above with consecutive candles will be another indication of strength.
Immediate volume profile is declining considerably; this is a pre-sign of a volatility expansion being imminent.
Both oscillators are currently trading in their respective neutral zones; a break in price will cause a momentum shift in both the RSI and Stochastics.
Overall, in my opinion, WAVESUSDT is a valid long if bullish signs persist; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
DOTBTC Local S/R| Declining Volume| Swing High| Price ActionEvening Traders,
Today’s analysis – DOTBTC – trading above Local S/R forming a potential higher low,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- POC Resistance
- Declining Volume
- Double Bullish Divergence (RSI & Stochastics)
- Swing High Objective
DOTBTC’s immediate price action is showing strength at Local S/R, respecting this level allows us to have a bullish bias.
The current resistance is the local POC, breaking this level with conviction will increase the probability of a structural higher low.
Volume is on a decline which is indicative of an influx at a key trade location, currently being at one.
There is a valid double bullish divergence, the RSI and Stochastics are showing a higher low in respect to price action making a lower low, again signalling strength.
Overall, in my opinion, DOTBTC is a valid long with swing higher being the objective. Price Action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
ETHBTC Dynamic S/R| 200 DMA| .618 Fibonacci| Declining Volume|Evening Traders,
Today’s Analysis – ETHBTC- trading at a key trade location where a pivotal move is probable.
Points to consider,
- Price Action Higher Low
- Support Zone Confluence
- EMA Ribbon Resistance
- Oscillators Extended
- Declining Volume
ETHBTC’s immediate price action is trading on its dynamic support, maintaining higher highs and higher lows in market structure. This allows us to have a bullish bias on the market.
Support Zone has multiple technical confluences – 200DMA, .618 Fibonacci, and Daily S/R. A bounce here is highly probable upon first test.
Immediate resistance is Daily EMA Ribbon that is in confluence with range-mid. breaking this level will likely test upper Daily S/R.
Both oscillators are extremely oversold, and oversold bounce play has a high probability of occurring.
The Volume profile is clearly declining, this is indicative of an influx coming to fruition when testing key trade locations.
Overall, in my opinion, ETHBTC is a valid long with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
“Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
THETA Ascending Triangle|Price Action |S/R Flip Retest|200 MAEvening Traders,
Today’s analysis – THETAUSDT – breaking above Structural S/R with further upside potential, Local S/R , immediate target.
Points to consider,
- Ascending Triangle
- Dynamic Support
- Structural S/R Support
- RSI uptrend
- Declining Volume
THETAUSDT’s immediate price action is bullish resembling the psychology of an ascending triangle. This allows us to have a bullish bias on the market.
The Dynamic Support has held a higher lower projection, breaking structural S/R and flipping it as support currently, S/R Flip Retest.
The RSI has a valid uptrend, this in indicative of strength in the market as overbought conditions are not yet met.
Current volume profile is declining, an influx is likely when price expansion occurs from current trade location, and this will help avoid false breaks.
Overall, in my opinion, THETAUSDT needs price acceptance above Structural S/R before a long is valid with defined risk; price action is to be used upon discretion/ management upon trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
FVRR- Profit taking timeFVRR has been outperforming many E-commerce stocks since early Sept. While overall E-commerce group is in red since early Sept crash, FVRR has bucked the trend and posted the double digit growth.
I think early signs of waning momentum are clear and it is a good time to scale back on the aggressive momentum strategy and do some profit-taking.
OGN/USDT | Holding Structure | Support Confluence |Trade Setup Today's analysis – OGN/USDT – Consolidating at daily support as it retraces from the local swing high.
Points to consider:
- Strong Counter-trend
- Daily/Trend Support Confluence
- 21 EMA Visual Guide
- Declining Volume
- Oscillators Below 50
OGN USDT retracing in a strong countertrend from its previous swing high as it reverts to trend support, historically seen to be a key pivotal level.
Price consolidating and respecting trend support as it coincides with daily support putting emphasis on the key level.
Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management.
Volume is steadily tapering off indicating an influx being imminent, likely to coincide with the breakout.
Both the RSI and Stochastics trading below 50; an indication of lacking strength and momentum in the immediate market. Oscillators are likely to neutralise as the trade sets up.
Overall, in my opinion, price needs to hold trend support; a successful S/R flip of the 21 EMA validates a long trade to technical targets above with risk defined below daily support.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
AGIBTC | Resistance Confluence | Head and Shoulders | S/R Flip Todays Analysis – AGIBTC – rejected from structural resistance, trying to bottom with probable inverted head and shoulders.
Points to consider:
- Multi-resistance Confluence
- S/R Flip (trend reversal)
- 21 EMA (visual guide)
- Declining Volume
- RSI above 50
- Stochastics Overextended
AGIBTC currently retracing from resistance cluster where the .382 Fibonacci retracement, 200 EMA and structural resistance coincide. Thus, a successful S/R flip of the resistance cluster will be bullish and indicative of a trend reversal, also validating the head and shoulders pattern,
The 21 EMA will act as a visual guide, price respecting and trading above this indicator is deemed bullish.
Volume is steadily declining, a sustained increase in volume is needed and will be supportive of the S/R flip and solidity of the price action.
RSI ranging above 50, establishing consecutive higher lows showing strength in the market.
Stochastics currently overextended and may remain in this region for some time, however, a buy cross will indicate a momentum shift, coinciding with the possible S/R flip.
Overall, in my opinion, AGI is trading at a key location where a long trade is validated upon an S/R flip re-rest with technical target being structural resistance.
What are your thoughts?
Thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
BTCUSD Falling Wedge Breakout|Local Resistance|Declining VolumeEvening Traders,
Today’s Analysis – BTCUSD – forming a falling wedge pattern that is YET to be confirmed. A break of resistance needs to come to fruition before a long trade.
Points to consider,
- Bullish falling wedge
- Apex approaching
- Demand Zone (Strong support cluster)
- RSI below 50
- Stochastics projecting higher lows
- Volume Declining
The local trend is in a falling wedge formation that will break in either direction as the immediate support and resistance converge.
The formation is bullish so the probability of breaking up is higher.
BTC has a strong demand zone, a historic cluster where price is likely to wick down if the wedge breaks bearish.
The RSI is currently below 50; bias is still bearish in the market, however the stochastics is projecting higher lows.
Initial indication of momentum shifting in the shorter term
The volume is clearly declining; indication of an influx being imminent which further solidifies that BTCUSD is in a true pattern.
Overall, in my opinion, a break will occur, leading to a trade opportunity. A break bullish needs to be back with increasing volume. The technical target of the falling wedge is in confluence with the current local resistance.
What are your thoughts?
Please leave a like and comment,
“There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
BTCUSD Short - Multiple pattern and candlestick analysisPatterns
1. Harmonic Pattern shows a Bearish Crab (Bear)
2. Leaving the ascending channel at the bottom (Bear)
3. Forming a symmetrical triangle pointing upwards slightly (Bear)
4. Elliot (correction) wave ABCDE is at play which could become double or triple top or a head an shoulders (Bear)
5. Declining volume shows there's no big price changes coming (So for now remains bearish)
Candlesticks
1M: Evening Doji Star (Bear)
1W: Bearish Harami (Bear)
1D: Bearish Engulfing (Bear)
4H: Bearish Engulfing as well (Bear)
1H: 3 Bearish Soldiers (Bear)
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scriptB showing nasdaq is toppingscriptB in scalp mode has shown great buy and sell opportunities over the previous years. however divergence is flagging at the top.
using scriptb with basic volume we can see price has risen on declining volume and as it approaches the top a juicy short can only be imminent.
to learn how to access these scripts please visit tradingscripts.best
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