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Range_trading

Bitcoin Market Recap: Bullish Monthly Close and a Range-Bound PABitcoin has witnessed a bullish monthly close after several months of bearish and sideways price action. This doesn’t mean that the 6-month trading range has been lost or that we are trading outside of it. Yesterday, we saw a critical level, the Value Area High of the 6-month range, which acted as initial resistance. Our old daily level of $22,393, which previously served as support, came back into play and provided support once again. The price then moved into the Value Area Low of the current range and has been ranging between the Value Area High and Point of Control ever since. Today, a new daily Naked Point of Control was established at the $23,180 level. Initially acting as resistance, we got Swing Failure Pattern from the monthly level and were accepted back into the level. As of now, the price continues to range within the established boundaries. Tomorrow is an important day for the financial markets with the Federal Open Market Committee (FOMC) interest rate hike meeting and high-tech earnings reports. These upcoming statistics have the potential to impact the value of Bitcoin and other cryptocurrencies. If the monthly level holds and acts as support, we can expect the price to reach the $25,211 level, where our first resistance can be a new daily level of $23,745.5. On the other hand, if the price fails to hold the monthly level, we can anticipate a sell-off with the first support level at $22,287. In the worst-case scenario, if there is no SFP, we expect the price to drop to single prints and reach between the $21,000 - $20,500 level. Tech stocks earning reports can also act as a catalyst for price action, with the following support level expected to be at the $19,000 zone where the Point of Control of the entire range is located. In conclusion, my strategy will be to trade within the established range until a break occurs. I will carefully monitor the price action and market reactions after the FOMC meeting and earnings reports. As we have traded these levels multiple times, they may become weaker, so I will be cautious and avoid setting pre-set orders. I will only trade while keeping an eye on live order flow.
BYBIT:BTCUSD.P
by Pac_Meezy
An In-Depth Look at the Dynamic Bitcoin Price Action on January In the world of cryptocurrency trading, today was a highly intriguing day. Our predicted scenario played out beautifully as we saw the bitcoin price drop to the $22,950 level zone where multiple confluences converged. We saw a bearish (CVD) playing out exceptionally well, and then we saw the price push up to the monthly level before getting rejected and falling back within the range. Throughout the day, the price fluctuates within the range between the Value Area High and Point of Control, finally falling below the Value Area Low just before the NY close. Currently, the price is hovering between the Point of Control and Value Area Low, with the weekly Naked Point of Control at $22,860 and the Naked Session Point of Control at $22,480, both being tested. Looking at past price behavior, we can see a similar fractal in the price drop toward the Value Area Low before a sharp increase from the $20,500 zone to the $22,500 zone. The first sign of weakness would be a break below the $22,287 level and its eventual rejection as support. In such a scenario, we can expect the price to drop back to the $20,500 zone. However, the price will only be considered bearish if it falls outside the Value Area High and monthly level. If these levels hold support, we can expect the price to rise to the weekly $24,297 level or even reach the maximum pain scenario for late shorts at $25,211. It's important to note that we are still in the same range, and bitcoin has a history of prolonged periods of range-bound trading. Additionally, the upcoming Federal Reserve interest rate hike meeting on February 1st, 2023, and earnings reports from companies like Apple, Amazon, and Google, will be significant factors in determining the future direction of Bitcoin's price. Keep a close eye on how the stock markets react to these events.
BYBIT:BTCUSD.P
by Pac_Meezy
The Weekend Market: An Analysis of Bitcoin Price MovementsOver the weekend, the bitcoin price experienced another $1000 rise. The bullish sentiment among weekend traders caused the price to break through the monthly level of $23,301 and reach new heights. Currently, the price ranges below the weekly level of $24,297.5 after front-running the weekly naked point of control at $23,970 with a $3 margin. The direction of today's price action will be heavily influenced by the performance of the stock market and the US Dollar Index (DXY). From previous price movements, we can observe that the DXY is showing signs of weakness, while both the S&P 500 Index (SPX) and bitcoin are demonstrating strength. This suggests that we see a continuation of these trends. Based on this analysis, there are three potential scenarios for the future of the bitcoin price. Scenario 1: Bitcoin may experience a dip down to test the monthly and new daily levels at $23,021. At this level, there is a confluence of factors, including the point of control for the entire range, a 0.618 Fibonacci level, and a new daily level. This dip may give the market a sense of acceptance within the current range, trap late shorts, and prompt a continuation of the upward trend. Scenario 2: The price may hover above the monthly level and continue upward, eventually reaching the weekly level of $24,297.5. This would signify a continuation of the current bull trend. Scenario 3: Alternatively, the price may continue to fall because of a failed auction, punishing late longs. The price may also fall back within the current range and continue to range. As a first sign of weakness, we will observe the price spending more time between the point of control and the Value area low of the current range, and if it falls below the 4-hour order block level of $22,287. In this case, we may expect the price to dip and test the daily level of $20,673. If this level does not hold, further downward price action may be expected.
BYBIT:BTCUSD.P
by Pac_Meezy
ETHUSD - Potential ideaBINANCE:ETHUSD Hello everyone! 🛎 Let check the trading idea for ETHUSD 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴 ---------------------------------------------------------------------------------------------------------------------------- ⚠️ Important Notes: 1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️ 2. Timeframes: up to H1 ---------------------------------------------------------------------------------------------------------------------------- 😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝 💪 Profitable lock for everyone! 🙏
BINANCE:ETHUSD
by Solidity_best_options
4
Range trading: Forex as of 29/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. EURUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.1257 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.1235 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.1213 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.1355 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.1377 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.1398 GBPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.3363 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.3334 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3305 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.3496 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.3334 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.3305 USDJPY Long position 1 (the price today will not fall below this mark with a probability of 68%) 114.35 Long position 2 (the price today will not fall below this mark with a probability of 95%) 114.13 Long position 3 (the price today will not fall below this mark with a probability of 99%) 113.92 Short position 1 (the price today will not rise above this mark with a probability of 68%) 115.25 Short position 2 (the price today will not rise above this mark with a probability of 95%) 115.47 Short position 3 (the price today will not rise above this mark with a probability of 99%) 115.68 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
by Trade24Fx
1
Range trading: Cryptocurrencies as of 28/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. BTCUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 48451 Long position 2 (the price today will not fall below this mark with a probability of 95%) 47609 Long position 3 (the price today will not fall below this mark with a probability of 99%) 46767 Short position 1 (the price today will not rise above this mark with a probability of 68%) 50956 Short position 2 (the price today will not rise above this mark with a probability of 95%) 51798 Short position 3 (the price today will not rise above this mark with a probability of 99%) 52640 ETHUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 3832.60 Long position 2 (the price today will not fall below this mark with a probability of 95%) 3719.62 Long position 3 (the price today will not fall below this mark with a probability of 99%) 3606.64 Short position 1 (the price today will not rise above this mark with a probability of 68%) 4086.10 Short position 2 (the price today will not rise above this mark with a probability of 95%) 4199.08 Short position 3 (the price today will not rise above this mark with a probability of 99%) 4312.06 XRPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 0.8637 Long position 2 (the price today will not fall below this mark with a probability of 95%) 0.8387 Long position 3 (the price today will not fall below this mark with a probability of 99%) 0.8138 Short position 1 (the price today will not rise above this mark with a probability of 68%) 0.9293 Short position 2 (the price today will not rise above this mark with a probability of 95%) 0.9542 Short position 3 (the price today will not rise above this mark with a probability of 99%) 0.9792 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren’t 100% guarantee of risk-free trading.
BITSTAMP:BTCUSD
by Trade24Fx
Range trading: Forex as of 28/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. EURUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.1272 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.1251 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.1229 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.1377 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.1399 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.1420 GBPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.3365 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.3337 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3309 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.3506 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.3534 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.3562 USDJPY Long position 1 (the price today will not fall below this mark with a probability of 68%) 114.40 Long position 2 (the price today will not fall below this mark with a probability of 95%) 114.18 Long position 3 (the price today will not fall below this mark with a probability of 99%) 113.97 Short position 1 (the price today will not rise above this mark with a probability of 68%) 115.31 Short position 2 (the price today will not rise above this mark with a probability of 95%) 115.53 Short position 3 (the price today will not rise above this mark with a probability of 99%) 115.74 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
by Trade24Fx
Range trading: Cryptocurrencies as of 27/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. BTCUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 48955 Long position 2 (the price today will not fall below this mark with a probability of 95%) 48050 Long position 3 (the price today will not fall below this mark with a probability of 99%) 47145 Short position 1 (the price today will not rise above this mark with a probability of 68%) 52682 Short position 2 (the price today will not rise above this mark with a probability of 95%) 53588 Short position 3 (the price today will not rise above this mark with a probability of 99%) 54493 ETHUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 3884.50 Long position 2 (the price today will not fall below this mark with a probability of 95%) 3768.47 Long position 3 (the price today will not fall below this mark with a probability of 99%) 3652.43 Short position 1 (the price today will not rise above this mark with a probability of 68%) 4255.75 Short position 2 (the price today will not rise above this mark with a probability of 95%) 4371.78 Short position 3 (the price today will not rise above this mark with a probability of 99%) 4487.82 XRPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 0.8679 Long position 2 (the price today will not fall below this mark with a probability of 95%) 0.8406 Long position 3 (the price today will not fall below this mark with a probability of 99%) 0.8133 Short position 1 (the price today will not rise above this mark with a probability of 68%) 0.9767 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.0040 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.0312 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren’t 100% guarantee of risk-free trading.
BITSTAMP:BTCUSD
by Trade24Fx
7
Range trading: Forex as of 27/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. EURUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.1263 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.1236 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.1210 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.1367 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.1394 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.1420 GBPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.3334 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.3300 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3268 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.3465 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.3498 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.3531 USDJPY Long position 1 (the price today will not fall below this mark with a probability of 68%) 113.93 Long position 2 (the price today will not fall below this mark with a probability of 95%) 113.65 Long position 3 (the price today will not fall below this mark with a probability of 99%) 113.37 Short position 1 (the price today will not rise above this mark with a probability of 68%) 114.85 Short position 2 (the price today will not rise above this mark with a probability of 95%) 115.13 Short position 3 (the price today will not rise above this mark with a probability of 99%) 115.41 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
by Trade24Fx
1
Range trading: Forex as of 24/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. EURUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.1270 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.1243 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.1216 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.1387 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.1413 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.1440 GBPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.3329 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.3296 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3263 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.3483 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.3515 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.3548 USDJPY Long position 1 (the price today will not fall below this mark with a probability of 68%) 113.93 Long position 2 (the price today will not fall below this mark with a probability of 95%) 113.66 Long position 3 (the price today will not fall below this mark with a probability of 99%) 113.39 Short position 1 (the price today will not rise above this mark with a probability of 68%) 114.89 Short position 2 (the price today will not rise above this mark with a probability of 95%) 115.16 Short position 3 (the price today will not rise above this mark with a probability of 99%) 115.43 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
by Trade24Fx
Range trading: Forex as of 23/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. EURUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.1274 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.1246 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.1218 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.1383 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.1411 Short position 3 (the price today will not rise above this mark with a probability of 99%) 11.1439 GBPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.3276 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.3244 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3212 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.3423 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.3455 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.3487 USDJPY Long position 1 (the price today will not fall below this mark with a probability of 68%) 113.61 Long position 2 (the price today will not fall below this mark with a probability of 95%) 113.96 Long position 3 (the price today will not fall below this mark with a probability of 99%) 112.71 Short position 1 (the price today will not rise above this mark with a probability of 68%) 114.65 Short position 2 (the price today will not rise above this mark with a probability of 95%) 115.10 Short position 3 (the price today will not rise above this mark with a probability of 99%) 115.55 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
by Trade24Fx
Range trading: Forex as of 22/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. EURUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.1227 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.1198 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.1168 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.1337 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.1367 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.1397 GBPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.3193 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.3161 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3129 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.3331 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.3362 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.3394 USDJPY Long position 1 (the price today will not fall below this mark with a probability of 68%) 113.55 Long position 2 (the price today will not fall below this mark with a probability of 95%) 112.09 Long position 3 (the price today will not fall below this mark with a probability of 99%) 112.63 Short position 1 (the price today will not rise above this mark with a probability of 68%) 114.58 Short position 2 (the price today will not rise above this mark with a probability of 95%) 115.03 Short position 3 (the price today will not rise above this mark with a probability of 99%) 115.49 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
by Trade24Fx
Range trading: Forex as of 20/12/2021Calculations of the fluctuations range for the present day are published in this section. That is, at the very beginning of the day, you can determine the maximum and minimum of this day (with a known probability). What does this information give? In fact, a lot. But first of all, these are guidelines for trade. For example, if during the day the price approaches the upper (lower) mark, you know that it won’t go above (below) this mark with a particular probability today. Accordingly, you can open a position opposite to the current movement, knowing in advance what the probability is to be profitable. EURUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.1182 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.1152 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.1122 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.1304 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.1334 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.1364 GBPUSD Long position 1 (the price today will not fall below this mark with a probability of 68%) 1.3161 Long position 2 (the price today will not fall below this mark with a probability of 95%) 1.3128 Long position 3 (the price today will not fall below this mark with a probability of 99%) 1.3097 Short position 1 (the price today will not rise above this mark with a probability of 68%) 1.3305 Short position 2 (the price today will not rise above this mark with a probability of 95%) 1.3337 Short position 3 (the price today will not rise above this mark with a probability of 99%) 1.3369 USDJPY Long position 1 (the price today will not fall below this mark with a probability of 68%) 113.06 Long position 2 (the price today will not fall below this mark with a probability of 95%) 112.61 Long position 3 (the price today will not fall below this mark with a probability of 99%) 112.16 Short position 1 (the price today will not rise above this mark with a probability of 68%) 114.11 Short position 2 (the price today will not rise above this mark with a probability of 95%) 114.56 Short position 3 (the price today will not rise above this mark with a probability of 99%) 115.00 Calculations are based on historical data, and there is no history recurrence on a specific day. We remind you that the indicated probabilities values aren't a 100% guarantee of risk-free trading.
by Trade24Fx