Looking for break and retests - short into the purple zone. Then back to buys possibly
Best seen on the 1 hour. entries on the 5 and 15 min TF
open 2 positions at entries 2.5% 1:1 and 2.5% doen to purple zone buy target. Break even second trade when first one hits. Manny-Q style
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for BITCOIN, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
after hitting the first target we are going for the second one which is the midline of the bullish channel.
I believe the could be some retracement in that area
however, we have 3 possible scenario
1- bounce down to the red support which will lead us into an alt party
2- bounce down but the upper band of static channel support it
3- without any bouncing...
Breakout (Buy), Fail To Breakout (Sell), Break-in (Sell), Fail To Break-in (Buy). TP at the nearest lines.
Valid on the said date. Enjoy and feel it. Hopefully, it's useful. This is for study and educational purposes only.
It's not a financial advice, it's just my opinion, that gold has made a resistance level at 1828.78 it will try to break it, but if it's false break, we set a sell stop order beyond that level and hope for 1:3 ratio Take Profit. If it hits our SL, we make same order again.
We've seen a pullback, lower high formed and more downside over the last couple of days. We're riding price down, long term targets around 117.80
Technically wise, we have seen a break from ascending structure, overextended bullish cycle, hawkish JPY outlook, price retraced to test trendline and key level in the market.
LTC is approaching to an uptrend line that has been forming for a couple of days. The question is:
Will it break the line or is it just a 3rd retest to make this one valid ?
Altcoins have been for the past few days overall bullish following the major cryptocurrency: Bitcoin.
The market will decide the fate of Litecoin. As for you, are you going to choose the ...
In my opinion we are still in an uptrend in the market, the last span placement has a clear high low. It is trending bearish on lower time frame. You can clearly see how the market reacts to previous fib span lines. Simply go to the smaller time frames to check for break of resistance & retests to find which line has more bearing. Then, you can return to the...
Dogeusd in the important zone if the candle can break triangle to up, it can get 0.46$ easily,
But if the candle break triangle to down or can get into the yellow zone triangle,
In this case you should stay till get 0.26 or 0.30 then check buy.
Tendency: upward but you should wait till between 0.26 - 0.30
Are we going to see some bearish PA if we break this ascending trendline?
Check out what happened last time we broke an ascending trendline!
If we do see a break and downside movement, keep an eye on our marked shorter term key levels for potential bounce points and areas of support.