I am still actively managing the BTC:USD short. $5,000 remains the target. We we hit the $6,000 low on 2/6 I used it to draw a new trend line (green dotted). We have been consolidating on top of that line over the past 48 hours. It appears that $7,000 is holding as resistance and that we should be breaking down here soon. Above $6,850 could provide a good short...
Yesterday we broke down through $7,400 and that was my final confirmation to sell. I drew an arrow to $5,000 and that remains the target. $6,650 provided support last night, and I added to my short on that bounce. Now we are heading back to retest that level and I think it is about 95% that it breaks down. Once that happens we will see another big drop, probably...
Previous level along with Senkou Span flatting out providing support.
Yesterday I was holding my breath and watching for support to hold above $7,400. I urged to wait for final confirmation and not dump just yet. That confirmation came this morning and now it is time to prepare for $5,000. I have opened a short with that as my target. There should be a lot of support waiting and I do anticipate a bounce. However I am going to be...
Patterns & levels to watch for on the weekly and 4hr charts
Trade carefully. Good luck.
We finally recieved a breakout of the bear flag which shot us back up into the bull flag to the exact height of the bearflags pole...we are now still consolidatin in the bear flag with probability favoing an upward breakout but the chance of another bullish fakeout and the chance of a bearish rbeakdown are still both very p;ausible...best to just hold until we see...
EURJPY remains bearish. Trade carefully. Good luck. Follow me or check the related ideas below to learn more details.
Fortunately the previous four hour candle did not make good on its threats to close as a bearish engulfing candle and instead closed just above and almost on the green trendline...The current candle has maintained a bullish momentum but is clearly using the green trendline as support and the 50 MA as resistance. I still think the wedge breakout is destined to get...
EURUSD 4hrs/Daily Short Opportunity EURUSD has been testing the Resitance of Weekly channel and seems to be forming a triangle now with possibility of reversal and start of downward move within the weekly channel. Divergence clearly visible in the weekly trend. Entry point: 1.23 SL: 1.253 TP1: 1.2165 (above next 4 hours support) TP2: 1.21 (above 4 hours S2) TP3:...
Buy opportunity seems to be coming up in AUDCHF The channel support was broken but slightly but now prices are back into the channel so potential upward move within the channel is a possibility We are wave C of Z in the daily correction channel Within wave C, it seems like wave 3 of wave 1 of C is almost complete. I would wait for completion of wave 1 and then...
Possibility of upside move resumption in wave (3) of iii of (iii). Wait for break of the triangle formation and prices closing above the triangle and 4 hr bullish candle being formed above the triangle after break of triangular resistance line. Entry point: 1.8 TP1: 1.839 (between 1.618 and 2.618 extension level of wave (3) of iii of (iii) --> 50% position TP2:...
Happy Friday everybody, we're getting this day started with a quick check in on NANO. The 4hr looks amazing; we have a beautiful ascending triangle forming with the high trend line being tested twice, countered by the low trend offering higher levels of support twice. The volume decreasing is a sign of accumulation taking place and should not be thought of as lack...
There is a possible upward move at 4 hrs level in silver. The bat pattern is yet to complete. we could set the stop loss at 16.35.
So we had a crazy plummet yesterday. We were long overdue for a retracement and this one was caught by the double reinforced support of both the 50EMA(in blue) and the bottom trendline of what I originally thought was just a channel..after adjusting it to the recent price action I have discovered instead it appears to be a an ascending wedge. The pice has stayed...
RSI a little bit overbought, pullback expected around previous resistance, now support at 9 – 9.2K. The 0.618 fib line would be a perfect support line for bullish consolidation. If support holds, next target 10k In my opinion the dip is at the end. Looking at the market cycle we are in the despair phase, FUD and whales manipulate the whole crypto market. This is...