Changeofcharacter
BITCOIN POTENTIAL CHANGE IN STRUCTURE (18h)Based on historical backtest of trade strategy.
18H BTC HEIKINASHI
If the candle closes at or above the indicated value of the purple line as shown,
typical trade is 23 bars with and average profit of 8.18%.
This would be a longer term/higher time frame change in structure for BITCOIN.
60k double bottom is still in uptrend. Lower time frames are consolidating, then higher.
Currently the price has traded into the the 66k zone, nearly confirmed in the 50% retracement of the Fib. from the 73.6k high. An 18hr buy signal would conclude 70-72k price targets and likely new all time high possibilities.
*** STILL PENDING AN 18HR CANDLE CLOSE ABOVE THE PURPLE LINE *****
Will update if / when the signal is initiated
feel free to message for signal settings
GOLD - Change of Character 📉Hi Traders !
The Gold Reached A Resistance Level (2095.436 - 2086.223), and Formed an Ascending Channel.
Currently,
The Channel is Broken.
The Price Failed To Create a New Higher High.
The Last Higher Low is Broken (ChoCh).
So, I Predict a Bearish Move📉.
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TARGET: 2021.000🎯
EURUSD - Change of Character 📉Hello Traders !
On The Daily Time Frame, The EURUSD Price Reached A Strong Resistance Level (1.10356 - 1.10045).
Currently, The Price Failed To Create a New Higher High.
The Last Higher Low is Broken (ChoCh).
So, I Expect a Bearish Move📉.
i'm waiting for retest...
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TARGET: 1.06750🎯
Reversal Pattern, chance to buyChart 4H TF
BINANCE:RUNEUSDT has broken up and gone up to resistance zone around 1.62
Chart 1H TF
It's broken down ascending trend line and trading at 1.58x now.
I figured out some good signals for reversal
- Reversal Pattern: Head Shoulders
- ChOCh at 1.57
- Strong Resistance Zone around 1.6x
- Fake Breakout
So I expect price will down to support zones at 1.56, lower 1.52
Wait and see what happen
USD/JPY - Rising flag break down with target to 126.48 - SMC Rising Flag formed on USD/JPY
We then had a price break below, which signalled downside to come.
Other indicators showing downside are...
200>21>7 - Bearish
RSI<50
Target 126.48
SMC (Smart Money Concepts)
We had a Change of Character (CHoCH)
This is where the price moves to the point where there is a change in the overall trend. It creates a trend reversal.
You’ll see a CHoCH on higher time frames usually (i,e, daily).
Therefore with SMC we confirm there is downside to come.
First target is at previous levels of liquidity. Which in this case is the support (dotted line)