dmchardy98

dmchardy98

We have had several key things happen here which are supportive of a retest of previous highs at 3.5 and potential further expansion into the rest of the year. First take profits were back in March after bullflag created only a minor new high at 3.5. Take profits occurred at $3. Reinvestment occurred at 1.77 into the previous bull liquidity zone, unfortunately,...

dmchardy98

Double top formation at $50,000 following the ETF sell the news event. Major ETF sponsors are accumulating at market lows in order to effectively dump at the relative highs. VIX made a notable spike yesterday, alongside negative inflation data, rising geo-political tensions, the most recent FED statement confirming no immediate intentions of rate cuts in March and...

dmchardy98

Cardano is experiencing incredibly on-chain metrics. Energy use is a massive case factor with regards to the WEF and the next ETF for consideration. I believe the bull hammer in convergence with the daily MACD cross alongside the bullish sentiment on crypto in the lead up to the halving event on BTC and, obviously, the institutional engagement post-ETF will lead...

dmchardy98

Followed plan for the most part. Daily MACD looking prime for bullish cross to the upside on a double cross over pattern. This is a major area of support from where previously we saw a rapid extension to 0.5 from 0.18. Plenty of upside movement meaning that sellers are wary of stepping in the way and buyers are entering large positions at this point. Today (6th...

dmchardy98

An idea on KP3R following the recent retracement. Anticipating this pickup in bullish momentum will take us back to 1500 USD per KP3R.

dmchardy98

Following the sell-off across markets, I have been looking for strong buying opportunities ahead of this week's FOMC meeting as well as the seasonality of Crypto currencies usually seeing a lot of buying potential early in the year and into the Spring. The following shows a bull-ish pin bar formation on the 4 hour time frame in a key demand zone which has...

03:04

dmchardy98

Entry taken based on small timeframe bullish trend formation alongside MACD crossover for confirmation. Already over 10% in profits from the entry and demonstrates the power of getting confluence of price action, indicators and some limited fundamentals for your trading ideas. COINBASE:SHIBUSD

01:48

dmchardy98

Crypto markets across the board showed their hands for a possible reversal at previous highs. Will this be a continuation of the bearish pressure seen during September? I believe this is a retracement before large extensions towards 60K. We will be entering trades as we observe price action at our key support/demand zones.

04:15

dmchardy98

New opportunity to swing trade GBPJPY leading into hopeful bullish pressure next week.

03:03

dmchardy98

Great opportunity spotted and exact entry matched at 1748 looking to ride the retracement back to 1780 at the 0.618 fibo level. Careful as these markets are volatile. USE A STOP LOSS. Have fun!

03:48

dmchardy98

Trade finished. Showing signs now of turning bullish again so we exit the trade at 3:1 reward to risk. HAPPY WEEKEND!

02:52

dmchardy98 Updated 

Another attempt at our scalps short on GJ. This time taking a double top entry, expecting a fakeout to occur so we are giving ourselves a 10-15 pip stop loss. Take it easy!

01:49

dmchardy98 Updated 

Quick trading idea based on a head and shoulders reversal pattern occuring at resistance on GBPJPY. Looking for a 2.57:1 Reward to Risk ratio on this idea before continuing the bullish momentum of the day. Happy Friday!

05:26

dmchardy98

FX:EURUSD Rejection from Demand zone followed by a potential higher low signals further bullish pressure forming for a swing trade into the new year. Do not take this trade with large size or at all without conducting your own thorough analysis.

dmchardy98

After the flash crash this week, we are seeing orders collecting at a predefinded demand zone. Should the price continue upwards from this zone, we will likely see resistance at the previous supply zones and, therefore, potential consolidation around these price points before the market decides the new direction. We should pay attention to the sentiment of Bitcoin...

dmchardy98

I've been waiting for this move all week, we now see a clear opportunity to get a solid 1:4 risk to reward on this thing. HAPPY TRADING!

dmchardy98

Saw this on the monthly timeframe, large hammer formed and now setting up my take profit at the 61.8 rib level. Expecting this to play out over the next couple of months. I'm using a tight stop loss due to my position size which in hindsight was slightly too big for this play but should be interesting all the same. Hazzah!

02:37

dmchardy98

Brief analysis on GBPJPY - looking closely at this level for reversal patterns to show we are going back to the upside. Further continuation of the short-term down trend observed today would require a break of the red-trendline as shown. Looking to take small positions and, later, higher margin positions to maximise on the move in either direction. It is Friday as...