I show Elliott wave. Now we are in the zone of the 4th correction wave. After it we will go to the zone of the 5th wave. RSI - oversold. Bears weaken. My logic, most investors will puttheir money into BTC to get free Bitcoin Gold. November 25
Many new to trading often overlook Market Conditions when trading and investing and focus on their favorite stock or in this case coin! Many that have been trading markets for years tend to do this as well. But having gone through many market corrections, 1987, 2000, 2008 to name the majors, there were clear signs to get your trading money to the sidelines and be ...
The price bounced from the support zone which was mentioned in the previous post about Litecoin. This zone is formed by SMA100 and 55.00 support level and it can be a starting point for a new upward movement. RSI and a reversal candlestick pattern confirm price reversal. MACD histogram supports upward movement. DMI allows opening long trades. We can buy from the ...
Gold test 1277.87 and failed to break down
4h formed a pin bar and now the 2nd 4h candle
already break up
there for we can buy gold now :
SL 1274.80
TP1: 1286
TP2: 1294
Sell below 133.29. Stop loss at 133.96. Take profit at 131.90.
Reason for the trading strategy (technically):
Price has shot up from our buying area and reached our profit target perfectly. We prepare to sell on major resistance at 133.29 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push back down to at least 131.90 support ...
Hello traders!
As per my previous post idea, I have mentioned that Bitcoin was ready or bearish move after its structure breaks. Therefore this idea is an update of what we could expect in the next couple of hours.
A volume signature (high volume and a bullish candle) formed today - therefore I can see a potential reversal, however, keep in mind that this is not ...
ETHUSD Update: Price reaches the 286 support area and rejects it with an initial push back to 310. This may be the beginning of a bullish reversal formation on the larger time frame and I am WATCHING carefully for a new swing trade long.
BTC and the rest of the markets broke supports and pushed lows, which is interesting because when BTC pushes highs, these ...
There are 2 Support Levels for Ripple to test (S1 and S2). At this stage this is a buying opportunity.
Now don't go all in on this as although we are still in an Uptrend we don't know if this a pullback or a start of a change in Trend if S2 breaks.
So trade prudently until we do start showing more positive structure.
When there is a setup I will post a trade, ...
Fresh supply zone ahead, possible retracement, short opportunity.
Stuff to remember:
— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further
— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly
— Check the ...
Potential consolidation in short term for this pair....
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
Well although we touched 1277-1276 and bounced up, this is not a very promising bounce.
Good things are:
EU is heading higher today, means that even though Gold is lagging to follow, means it will follow up in few.
We broke Tendency level 1287 upwards, so even after a pullback the tendency should be up ( although at 1288 stronger level was located so it may ...
Most of the retail traders are just short term traders: watching only the 5 minutes and 30 minutes chart.
What is happening in EurUsd is a typical example why traders should never forget about the Big Picture.
Trading based only on the 5 minutes and 1 Hour chart without watching the daily and the weekly chart is a guarantee of a blown up account.
The 30 min chart ...
NEO run in a good bullish wave, we get support 0.618 fibonacci retracement at 0.00511300.
from this position we can aim temporary target at 0.00609794, and maximum target still around 0.00833992
NEOJOY, Oct. 21
A community event called NEO JOY will be held in Nanjing, China on October 21, featuring speakers from the NEO Council, Peer Fintech and Ant Financial.
After Tuesday high of 5800, price rebounded from the descending (blue) resistance line down to 5100, which corresponds to ~Fibo 23.6% retracement of 4200-5800 uptrend. Then, again it moved up to 5600 level.
This looks like a bullish wedge formation, but may turn to a reverse SHS_ formation too. Need to watch whether the price breaks the blue resistance or stays ...
![AUDCHF: [AUDCHF] POTENTIAL HARMONIC STRUCTURE IN PLAY](https://s3.tradingview.com/w/wAYBs0af_mid.png "[AUDCHF] POTENTIAL HARMONIC STRUCTURE IN PLAY")
