GBPUSD update: Bearish momentum has been reluctant but this pair has persisted lower. Price is now nearing a very significant support level of 1.3329. Being over a hundred pips away means there is a lot of room for messy price action, but we are still looking for a swing trade long setup. 1.3329 is the .382 of the bullish structure that is relative to the low...
LTCUSD update: This swing trade has been stopped out at 123.50. This broad market weakness is what scares weak hands out of their positions, and now that this position is stopped out, we will be looking for the next opportunity to buy back in once stability returns. A few days ago I wrote an article about Litecoin and issued a trade call on S.C. The entry was a...
LTCUSD update: Price retreating from the 140 level as the noise in the coins continues. Now that a second lower high has been established, converging trend lines can be drawn to indicate a descending wedge. Formations like these around significant support zones are places to look for strength. If you read my recent LTC article on S.C., I issued a specific trade...
EURUSD update: This pair is poised to go lower based upon the bearish momentum in play on this time frame. The 1.1764 level is still in play and we are watching price action around this area carefully for a bullish reversal. On S.C., we evaluated this market on Friday and described details of a potential swing trade long. That trade idea is still plausible, but...
ETHUSD update: Tricky price action off of the 656 support may leave you confused. Is this a double bottom formation off of a predetermined support? In this brief report I will share an idea to consider when it comes to evaluating a position. The 714 level happens to be the .382 resistance of the previous bearish structure. This level is clearly in play in terms...
AUDUSD update: Consolidating price action after the recent leg of bearish momentum found buyers at the .7400 area. This is probably the most random type of price behavior a market can exhibit which means one thing for us: avoid. Momentum is still bearish even though recent price structure offers the appearance of some minor stability. Often these type of...
BTCUSD: Price is now retesting the 8044 reversal zone boundary. This is an attractive area for longs but there is no signal in place. How the next candle closes will provide important clues as to whether there is a signal worth taking. Drama, it's everywhere. As soon as price moves more than people were expecting, the first thing they seek is "Why?". A story of...
Most People did not believe it would happen, and still don't. So, is BTCUSD really going down? Moving Water has 2 targets left to hit, as posted on related chart below. Thanks for Following and Trusting Moving Water If It is helping - Please Press: -- LIKE -- _______________________________________________________________________________________ STOP...
Welcome, Followers and Visitors, It is good to highlight: Why 90 % of Trading View are now posting Bearish Charts on BTCUSD ? www.tradingview.com On Feb 3rd, April 21,27, 28, and May 3rd, when the Moving Water spotted a BIG FALL, and a BULL TRAP, before that, while 99% of Trading View's Charts for BTCUSD were Bullish. Well, it is not easy to put your...
Hi, Trading View - Welcome Followers and Visitors, How nice is to be aware of a good news, before everybody else, and invest in it before goes moon with 100% accuracy? So, Good News ? How could it Go Wrong ? Well, that is not so easy as it seems. Example of Good News: The Initial public offering of Facebook, on May 18, opened on $38 and on August 20, it...
S&P 500 update: After the bearish pin bar appeared and triggered within the predetermined resistance zone, price behaved as anticipated. Selling momentum asserted itself and this market is now in retrace mode. To avoid premature entries in a situation like this, it is important to evaluate potential support in light of the overall technical context. In my recent...
LTCUSD update: Lower high formations across the board imply further weakness in these markets. As bearish as this price action may appear, it is a welcome sign for the next swing trade long. The lower high established at 153 is concerning if you are long, but if you saw my recent long term Elliott Wave count that I published on S.C., you will see that the level...
GBPUSD update: After a significant decline, price has settled around the 1.3551 level which is a reversal zone boundary. The type of price formation that is present would usually call for a long, BUT usually this is followed by a short squeeze which is not happening here. And for this reason, I am anticipating a bearish continuation pattern. The EUR and AUD had...
ETHUSD update: Price has retraced back to the 656 support which is a predetermined level. There is even a bullish pin bar present which can be tempting to enter a long, but just like BTC, this market is also lacking price structure. The 656 level is the .382 of the recent bullish structure which is an attractive level to look for long setups. The question is,...
EURUSD update: Recent price action has been more dramatic since the U.S. dollar has gained strength in recent weeks. It is always a good idea to zoom out during such movements to see how the broader technical outlook is being affected. The most notable change on the broader time frame is the fact that the 1.1955 level was compromised. This is important because it...
Hi, Followers and Visitors, Welcome. First of all, thank you for trusting: 3rd TARGET HIT ! Is it possible to spot a Bull Trap, then a Big Fall on BTCUSD , 6 days before Bad News comes and becomes Viral ? The Moving Water - A New Trading Perspective, actually, did spot it, because it does not wait for bad news to spot a fall. Doesn't trust on bad news or...
BTCUSD update: Price pushes through the 8626 support level to find some hesitation at the 8350 reversal zone boundary. This area is a much more attractive place to look for longs, but taking a swing trade is contingent on what type of reversal formation appears. Momentum is now bearish and even though price is in the vicinity of support levels, it is reasonable...
April 13th - A Bearish Channel was spotted, signaling that it was not the best time to Buy, and that BTCUSD would hit a top resistance any time soon. May 3rd - A Bull Trap was spotted in a double top. May 4th - People called me RETARDED. May 11th - Judges ? For more information check the related charts below. ADVICE: STOP LOSS is something everybody should...