We continued to see that bull strength throughout the week. If the daily timeframe trend stays true, we will see price break the all-time high eventually but it is not resistance free rallying. We just tapped into a supply zone that caused a meltdown of 5%. Therefore, this psychological level will probably see some fighting between bulls and bears before it is...
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪
Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower.
Just...
I saw lots of post about bitcoin is bottomed this is possible. About bitcoin is bottom in a Mid 15K , even nearly about 16K.
The bad will be 12-10K if bottom in because of the FTX crisis collapse and bankruptcy… the ugly will be bottom about $5,000; only if other biggest crypto companies declare bankruptcy.
But now still looking forward of a retrace from where...
GBPCHF seems to have formed a beautiful Gartley pattern on a 4 hour chart ! the pattern will soon be fulfilled as it reaches the 127.2 Fibonacci level of XA. after which i expect a pullback in the upward direction . For now , i expect a sell till 1.2177 followed by a bullish move to 1.2413 .
EURUSD has been trading inside the given parallel channel for some days now . Yesterday the pair managed to break through the channel and has now even gone back and retested the lower resistance of the Channel . On the daily Chart , EURUSD has shown a strong bearish bias and now seems to be ready to continue its descent ! my final Target for the pair over the...
Welcome back,
ETH has converged into a crucial zone between the 60 Day (white) and 500 Day (orange) Simple Moving Averages. We have not seen a close below the 500 MA since April 21, 2020, and this may represent a reversal area for the downtrend beginning back in November of 2021. We tested this metric with a false break wick just days ago on 03/07/2022, and we...
A very cluttered chart but it paints the necessary picture, we've seen that flash crash on Gold this past Monday and a lot of traders feared buying because they believed price will trade higher, but we had so many confluences to go. Now we see price retracing towards the Relative Equal Lows it failed to break for almost an entire month. It is pivotal to watch how...
Massive battle going on between bulls and bears at the moment. BTC forming another falling flag pattern. It's very uncertain which direction it will break. The last 8 hours has been very bullish yet BTC struggling for a breakout. If it breaks upwards we could see 41k again. If it breaks downwards we could see 37k and then 34k. In both scenarios wait for the...
I say it short
as a day trader u should be ready for 2 scenarios 1 if price go up 1 if price go down
we calculate both sides after market make candles for each sides and we recognize which of our scenarios go right then we buy or sell
in my opinion 70% it`s go down and 30% go up
but as I say we should always for the right time and place to react
have a...
In this analysis, we see in H4 that Litecoin show a bulls resistance above of $46 USD. So, I put a buy order limit at $46.80 USD, my SL at $44.30 USD and my own target profit will be the $51 USD.
In Daily timeframe, Litecoin is in this bullish channel, but the expectative is so bearish as Bitcoin do. So, more later I will going to make an overview on Litecoin...
Neutral is boring. But it is also patient. Over-trading kills traders accounts faster than any other trading mistake. As it stands right now, looking at the Weekly chart on bitcoin and the pressure downwards is substantial. Looking here at the 1 day chart and we seem to be bottoming out from the previous week slide, supported by very thick cloud.
Which can only...
After BTCUSD reached the selling climax(SC@3850$) it moved upward which is the automatic rally(AR) of the market which happens all the time after selling pressure. Now, this wave is about to make a secondary test(ST) to balance supply and demand. After ST we can see uprise to break the AR level. Then it will be ready to fall to break the bottom in corrective...
GBPJPY is having a real problem deciding which way next. GBP has been gathering strength with contracts increasing to the upside in recent weeks and the JPY is gathering attraction due to uncertainty again.
Keep an eye on this area and let it play out before jumping !!
BTCtoUSD
it seems BTC has a resistance (the blue line) in 8450 USD and i believe that BTC can cross the resistance because of the RSI
so if BTC can cross the resistance , it trap in the triangle and then it has the potential to get high again
BUT if BTC fails to cross the resistance the price will slake
so in short trade the best time for buy is when...
1. Green Support Box may push it up
2. Oscillator Oversold Area
3. Channel: Uptrend
4. Fibonacci prz support
Wait for the confirmation to jump in, (Candlestick, Volume, Breakout, whatever you prefer :)
I'll be happy to read your opinion and ideas, Remember, we are speculators, not investors ;)
Have a profitable day
I would like to share my long term analysis with you.
I don't usually do the long term analysis for one simple reason. I do not like to analyse in a long-term perspective. Sure, in case we are not talking about investment or exceptional situations..
Nobody knows what exactly can happen in a week, month..
There are many factors which can affect the market...
