1. If you are new to trading, learn how to trade support & resistance of triangles on the Daily & Hourly time frame. The time it will take BTC to retest the BUY zones I've marked, will be more than enough time for you to learn & practice how to be ready for the retest of the areas I've marked. 2. Realize that BTC has retested & held above the green triangular...
AUDUSD has just entered a level it hasn’t tested since 2008! A huge move to the upside will come as long as this level holds. This is a strong BUY set up. The 15min chart just showed signs of high volume & decending wedge Roth into the level. Price may bounce off & go back into the level before it springs to new Daily highs. If you haven’t made any money all...
I'd be expecting a pullback in USDCAD before a breakout. The cup & handle pattern is a bullish indicator. At this time, USDCAD is up against a heavy Daily resistance area. A short term SHORT play has set up, as the 1Hr chart has formed an ascending, which is a common reversal signal when up against larger time frame resistance. PURPLE lines notate profit zones...
I dont care if its BTC or any other stock or currency, 2 things apply. Professional traders are watching the charts, armatures & part time traders are speculating off news & hype. Read what unfolds in the price action & do not get distracted. The truth is, no matter what's in the news, investor's true decisions will show up once positions are executed (whether...
EURUSD is falling to retest the shoulder of the Reverse Head & shoulders pattern i analyzed on the daily chart. If price holds above this Right “Shoulder”, we could see the pair rise to new Monthly Chart highs. The monthly chart shows a head & shoulders, indicating Bearish momentum. However, if we break to the downside, we could see the EURUSD at all time lows...
BTC has pulled back, as my last analysis projected. BTC may find support at these GREEN LINE levels. Short term profit targets are notated by the PURPLE ZONE. If price cannot hold the top GREEN LINE, price will fall to the next to retest & either continue the uptrend...or fail to new lows for the year.
Analysis for pattern traders. Using chart patterns on larger time frames maximize profits. Use lower timeframe patterns to hop onto the larger timeframe trend direction.
A hold above the Right Shoulder trend line will see price continue a reversal to retest the 1st horizontal resistance (PURPLE LINES). A hold above that neckline will see price try to retest the high.
We are coming upon an area that may have a small bounce. Lower timeframe day trades on the LONG side are possible in this area, as price retests a previous low. A break & hold below this area will see price fall to retest the all time lows. Long term, I'm expecting every pullback to the upside to be potential SHORT entries.
BTC is trading within a channel. Focus on long-term structure.
The next few days even perhaps weeks, we will most likely see BTCUSD fighting to hold on to current levels of support. BTCUSD has failed a 3rd attempt to break higher of th 4 hour chart. This is usually a bearish sign. Not looking to buy at this time.
Purple lines are profit targets as long as USDCAD holds above this green channel.
USDJPY is holding the Daily chart breakout. Intraday pullbacks are buyable...
See my previous post entry in the 1.10800 area for more detail. Playing the tops & bottoms of the blue channel. Short term profits will be taken at bottom blue line. Hoping for failure of that area & long term profits at the retest of the purple line.
1. I like trading USDZAR because of the large movement potential. Same reason I like trading Bitcoin, not because the currency is realistic as a monetary replacement to the dollar. I am, however, in support of block-chain technology because of its utility in health & data storage. NOWHERE on the stock market will you see regular moves so big for maximizing profit...
BTC has held crucial levels & held above key long term moving averages. After retesting the top of this current channel it has formed, a breakout will see BTC continue its uptrend. Holding above $13,000 will see BTC back up in the $20K range by 2021 without much resistance. The moving averages I have here are based on harmonic principles of 3, 6, & 9.
Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business &...
I took some profits from the recent entry a few days ago. If we cant get above 8840, we will retest the lows & ultimately, if they fail, BTC wont stop until the $3000 area. Don't fight the trend, be disciplined about seeing what the chart is really saying. Continuing to fail previous highs are warning signs that investors are selling their positions. Be patient...