Friend of mine said "I hope Bitcoin will go a little higher". I truly believe this is the problem, too many wishes and hopes by inexperienced people trying to make a fortune, gambling / guessing with absolutely no technical analysis. It goes up so I buy now, sell later. Easy... Shit! It went down!... I hope it will go back up. Problem is, it might not go...
Many Different Trading Positions can be formed in the trend channel but the overall bias is to the short side!
Hi all, this is just a tutorial displaying trading breakout in the trendline! We can see price breakout and retest the trendline and fall since then!
these could turn into huge runners
Just drawing my charts up
leave a like and give me follow if this is something you interested in live entries here
how to trade UJ
Hello, everyone This is a threads of my reading notes for the great book: [ Technical analysis using multiple timeframes ] And here is the notes of chapter 13, how & when to sell short I will go through all of key points of this book, and find proof from the bitcoin chart. Why to selling short? from the book : bear markets occur every 39 months on average...
Start date: 27 June 2019 30 days day trading project. Day number #1 27 June 2019 Step 1 Look at 50 and 100 days simple moving average on weekly chart, if price is lower then cross over point, we will short. If price higher then cross over point we will long. Step 2 Look at 5min chart with ATR 288 Step 3 Look at graph everyday at 12midnight Step 4 Add ATR to...
People certainly think that Bitcoin has value! How do I know? Because there is incontrovertible evidence that in recent days people have gone greedy for it. However there is expert opinion (which shall remain nameless) that Bitcoin is NOTHING and has no value at all. I'm really amused by this opinion because it flies in the face of evidence. The chart shown in...
US Oil presents some serious challenges for those looking to short this market. This analysis is time frame dependent. Which way you might want to go depends entirely on trends in respective time frames. DAILY PICTURE 1. On the daily time frame this is very much a bull market. We can see that in the ATR (amber trendline) and the green Guppy investor zone. 2....
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Technical Analysis: -4h has reversed twice off of the Monthly resistance we have -4h candle has also closed below our trend line -On the 1h you can see how nicely price broke through the trend line, it technically already retested it and dropped so we may not see it happen again. -Purple zone is in confluence with fib levels and where we had price drop on the...
Technical Analysis: Price on the 4h has just broken structure to the downside showing the maybe for the next few days or even weeks we could be falling pretty heavily. When you look on the 1h timeframe it looks as if EA has a lot of momentum to the upside, which it does for now but at the same time this could be an ABC corrective wave to the upside before...
Based off of previous movements the AUDCHF has bounced back off of the 50% Fibonacci multiple times however if it continues bearish movement we could potentially see it hit the support of 61.8% Fibonacci.