We can see price broke out of an ascending structure following CHF weakness across the board. Price is now retesting the top of this ascending structure. Where will price head next? Two potential price paths for you follow. Have a great trading day and weekend!
I believe we rise from here.. the weekly pivot we are testing. and during the week reach the H3 just over 2k. When this monthly closes it will have a steeper retracement to low 1700 area. Using weekly and monthly camarilla pivots and CPR Ignore the time scale. I expect the bounce in the coming week. and the fall on or around monthly close
I'm expecting a quick pullback to around 24 cents from here as we just broke a trendline and the Risk:Reward looks good.
As is almost always the case. runaway prices magnetically pull to their newly plotted central pivots. That level coming a couplesand below. Is not something Ican do. However Ican give confidence as we go slowly and maybe lucking that retrace will also be our dip buy opportunity to 60k Just be careful and take profits here. Dont buy untilt that pivot area. and...
51.3k p/l3 can scalp to it or wait and try to buy dip there Stop loss H4 or just over H3 if scalping to it Camarilla pivots / CPR
Today we seen TRCH jump up premarket and now we could be seeing it come back down to $4.35(Orange Line). However, we could see another bounce here soon but not very likely(Green Line).
I am looking for a shorter term trade on EURUSD, expecting one more dip to 1.2. Most of my bias stems from a recovering Dollar which I expect to continue going into next week after a positive outlook from the Fed and CPI meeting expectations.
risky scalp entry with still liklihood level gets hit. If bullish this would be also the place to rebuy or buy to enter. Camarilla pivots + cpr. Weekly magnet
What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market...
BTC just broke another ATH, largely thanks to Elon Musk committing a 1.5 Billion investment via Tesla. This might lead to another wild 50 - 80% rise, I don't know the future, but I do remember that what directly preceded this rally was a big ole 30% retrace that had major new outlets proclaiming that the bull run was over (lol). During the recent price ranging,...
Recent updated price action on bitcoin hasn't changed my initial outlook on price action and direction as per my previous idea linked below The head and shoulders target was invalidation however a descending triangle has formed instead and bulls are losing energy as days pass without another breakout As a result, the descending triangle target would take us...
camarilla + cpr. Stop around H4. target next daily Pivot and weekly/daily coming L3
purple pivot lines. get hit in the near future. next 24 hours. short scalp to them. buy the dip if they hold. lets see if we get all 6
As always we must wait for confirmation of this pattern before attempting to trade it. There is compelling bearish confluence here with the breakdown target from this pattern lining up perfectly with the .618 golden fib retracement. Not only this, but this zone is also just below where the extremely strong support from the weekly 21 ema (not shown here) is...
~35% retrace from ATH's if the total market cap reaches my target. Obviously only in play if the pennant breaks to the downside. Goodluck And Safe Trading.
camarilla and cpr plue magnet pivot reversion. optimal entry H3 developing. targets next pivots
How far is BTC / the Alts going to retrace? that's the trillion $ question. Looking at NEO's chart, which (unlike some other large cap alts) does not look like a carbon copy of ETH, I've spotted a potential inverse H&S forming on the 4HR, which lines up with the .5 fib level. Admittedly, this may be a bit premature - that wick down from the rising wedge may...