Over the past couple days we have been on red alert for breaking the cursed bear trend (red line). The first step was to support above $7,500 after the massive rally from yesterday. The second step was to bust through the trend line on large volume. The third step is to find support above the trend line. We did see good volume on the breakout, however the price...
Yesterday I mentioned that the amount of short sellers had gone parabolic and said if we could get the price above $7,155 then a massive short squeeze would be triggered. This morning I was very excited to see that the bulls were able to get the job done! Resistance came in like clockwork on the longer term bear trend (red line). The wick on top of the 4 hour...
Over these past couple days the big story has been the short sellers being at an all time high on Bitfinex. Historically we have seen a huge squeeze when the books are the unbalanced and I do not expect this time to be any different. With the overall market being so bearish I am still being extremely cautious and will be waiting on the sidelines for further...
6500 provided the expected small support. More support just above 6000, which should provide a bounce off the bottom of the triangle. If the top of the triangle provides enough resistance BTC will drop to 5400 for a larger bounce. This is all somewhat subjective and many clarifications and checks need to be seen before trading. It could go either way and it...
The UsdJpy break and closed above the trend-line resistance on 28th of March. The price has retraced since then and retested the trend-line which act as a support now. The UsdYen got pushed higher yesterday but it did not provide me with a good signal to go Long. Fortunately, the UsdYen dropped again just now and a well-defined Pin bar can be spotted on the...
Yesterday I was sitting on the sidelines and waiting to see what developed. I was keeping my eye on the red dotted line and the 50 day moving average. The bulls needed to support above the moving average and break the bear trend formed by the red dotted line. Unfortunately the bears won that fight and now it looks like we are heading lower. That made a third...
My short sell was stopped out at break even, now I am sitting on the sidelines and waiting to see what develops. I was very surprised to see $7,250 resistance break and do not have a confident prediction in either direction. So I have outlined my bullish and bearish scenarios arguments. Bullish Above 50 day SMA Back above green dotted bull trend line RSI above...
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...
So as our amazing TA expert Tom predicted we have a swing of the MA's creating a golden cross on the 4hr chart on BTCUSD I made this chat for the daily about a week ago, with a few predictions, just wish i published it earlier now (12th Match) we had some bullish divergence which brought the level up to over $9k but its not pushing over that, 9300 was my next...
Ok ok, here on the 4HR time frame we have a bullish pattern in which i opened my trade at 108.975. This was promoted by a retest of my price zone reversal on the daily time frame pattern, guessing which?? a good guess would be a harmonic if you see it. Lets see what happens dudes? #BearringtonTrader #Long #USDJPY
XAUUSD is consolidating and forming a narrowing wedge pattern. We can expect a breakout to either side, just be sure to be there when it happens to catch some PIPS. 4HR Chart
4hr chart showing a counter trend trend line break with commercials at all time high in short positions. This could lead to WTI falling back to $60.00. Looking for short opportunities down to this area.
Almost every triangle an the various intervals from 15 min to 1 day, have seen a rise breakout followed by a dump. The main triangle started before Christmas is closing along with a smaller recent triangle. This double squeeze will give extra momentum to a breakout. I expect the pattern to be repeated with BTC rising and temporarily sneaking through the 13000...
Dear Traders & Followers, There is a possibility to go LONG from current price to the level 1.2295 or 1.2330. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Dear Traders & Followers, There is a possibility to go LONG from current price to the level of or 1.3675. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Dear Traders & Followers, There is a possibility to go SHORT from current price to the level of 111.50 Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Dear Traders & Followers, There is a possibility to go LONG from current price 78.40 to the level of or 80.40. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Dear Traders & Followers, There is a possibility to go LONG from current price to the level of 1.1940 or 1.1995. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team