edutradinguru

edutradinguru

Hello everyone, my "friend" was right apparently. She warned me about being short-biased (see the idea linked below) and the day after BTC jumped. Once again, when everybody is expecting the same thing and when the chart is too clear to be true, BTC does the opposite. Now I want to share with you my secret indicator, that actually confirmed that 8,800 was a...

edutradinguru

Hello, the trend on this pair is up but it is hard to resist to a triple bearish daily divergence. Theprice is rejected by 1.085 resistance after a nice rally. This is a good entry (1.077), a conservative one could be below the 8 MA. SL 1.089 (above the spikes) TP 1.054 at least (first retracement level) RR 2x minimum

edutradinguru

Hello, Gold completed 2 months ago an inverse H&S of potential continuation (which is still valid) with target 1920. Amid uncertainty on markets, the direction is still not clear, but it is worth to notice we are probably in an accumulation phase (even with SPX back above 3000, gold does not fall). Currently trading in a channel within the extension area (green)...

edutradinguru

After few days of sleep, USDJPY woke up to breakout the Diamond Pattern. This invesrion pattern is super rare and super strong, and theorecically has its target at 118.7. Lets be realistic here, (TP are on the chart), and set realistic targets. Then, once there, we can talk about 118. SL just below the last consolidation phase (117 area). Also we are above both...

edutradinguru Updated 

Hello, here a nice setup just formed on USDCAD. The view is short, meaning that the CAD will gain share versud USD. The triangle was broken to the downside. Today is a particular day, with USD losing vs pretty all currencies as a result of a risk-on mood on markets, so I will wait for a retest of the 1.386 level at least. We are in oversold territory right now,...

edutradinguru

The general ratio: All safe havens currencies are suffering amid widespread risk-on mode on markets. Usd, among them, is weaker due to riots and China tensions. The TA ratio: We broke the symmetrical triangle to the downside yesterday and we entered the retracement area again (green rectangle), but I wanted to wait for either a retest or a further break of the...

edutradinguru

Hello, a friend made me realize that it's been a long time I post short ideas on BTC and that the overall market seems to be positioned short. When we repeat to ourself things over and over, they seem to be more and more realistic until we consider theam as the only possible scenario. We tend to overlook everything else that is against our view in a process that...

edutradinguru

Hello, as per last update linked below, The price insisted a little more than I thought in the 9,000-10,000 area but finally surrended to the overall (bearish) trend. Now we can confirm what we were supposing: the 10k was just due to halving fomo (a very weak fomo in fact). We were doomed to be pushed back down as we did not even broke last previous high at...

edutradinguru

The BTC copy and BTC tester Litecoin has reached thegreat level of 0.005. It means that with 1 btc you can buy 200 btc, the greatest amount ever since 2017. Bad drop so far but showing signs of consolidation. It is a little bit early for this trade but I waited this level for so long and I do not know if we will ever have another buying opportunity like this on...

edutradinguru

Said everything about BTC, now a quick update on altcoins. As you see, the btc reached perfectly the 68% dominance as per related idea. All attentions and capital were directed on btcdue to the halving. Now, I expect a lateral-down period, as also happened after last halving in 2016. Perfect environment for Alts to perform. I expect a btc to range bewteen 6-8k,...

edutradinguru

Hello, I wanted to post anupdate yesterday but the move mademe riconsider few things and I wanted to see how it behaved today in a business day before posting. So what we see that the price touched the upper part of the retracement area of the leg from 14k to 4k (blue rectangle), meaning that until we do not broke that 10,046 we are in a retracement of a downward...

edutradinguru

Hello, here to show the second part of the idea to identify the general trend before going in details for shorter terms strategies. (Read the related idea in the link below if you want to learn more about the ratio and don't forget to like and comment as it helps me to understand if you appreciate my contents and what to focus on) So, starting from the main...

edutradinguru

Hello, in this and the next ideas we will see: - the relation between btc and tether where the latter is the indicator of the market appetite for the former; - how btc price tends to obscillate around the usdt amount with a specific ratio; - the relation with the long short ratio ; - how those two indicators have to be considered for the longer term Let's start...

edutradinguru

Waiting for my new targets and ideas for the week/weeks ahead I wanted to share with you a brief resume of btc moves in the recent past. Simplest things are usually the best ones. Not much to add to the chart, just that an asset price usually obscillates around its fair price, but since BTC is an asset with a impressive upside potential, I am confident in saying...

edutradinguru

See my related idea of the 18 of April attached below. Target perfectly reached! Congratulations if you were on the same side, if not no worries the market continuously provides new opportunities. I do not post things every day because I don't wanna overload the channel and change view at every single movement of the underlying asset. Also until proved wrong and...

edutradinguru Updated 

WHICH CHART IS THE MOST IMPORTANT IN DETERMINING THE NEXT MOVE? Hello, an important thing to notice. The previous level indicated in the former idea linked below was not meaningful to determine whether BTC future price (the "institutional price) is taking the lead over the spot price from exchanges (the retail price), as BTC crashed many resistances above in its...

edutradinguru

Hi, Today I will show: - how there is a mismatch between key indicators between the BTC spot and futures prices. - the rational behind this. - how it can be very useful to rely on the futures data rather than the spot price on retail exchanges. In this uncertainty phase, with many confluences of levels, it is very tought to make reasonable bets, meaning with a...

edutradinguru

Hello everybody, points I will cover: - we are in a high indecision area at 7700-7400 - data is mixed so I tried to find evidence somewhere else than BTC chart as you know I liked the thursday candle as we got the TP there, anyway I didn't like the close much. After the spike at 7750, which would have been a great level to close at because above the retracement...