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S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
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BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
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BTCUSD update: Not much action since the massive short squeeze recently. There is very little to go by in terms of market structure and timing and why we have be on the side lines WAITING. Those who do not know any better continue to trade and only feed the herd, while we prepare for the high probability move.
The Tether situation has created a layer of ...
Good morning everyone,
we are looking at the current price of the GBPJPY pair. As you see price is on a major 4h trend line right in a consolidation zone there (marked as always in yellow boxes). Also on lower frames like the 1h it formed a nice reversal candlestick wick down and this is were we entered. It was like 30 minutes ago. Please be aware that this is a ...
BTCUSD update: After some unusual activity on Friday that almost lead to a break out, this market is still going no where. This is actually a good thing because the longer it lingers, the greater the short squeeze will be. With the well established higher low around the 6400 area, structure continues to point to strength.
It is amazing to see the herd mentality ...
quick an overview of the DAX before we start the week! :-)
Did we trigger that S/H/S-Pattern?
Or do we bounce back before we get into saisonality?
Will italy and its policy and and the globale bond yields will cause a crash?
We will see. :-)
Peace, a great new week and nice trades
Wanna see more? Don`t forget to follow ...
Hello traders, and welcome to a new daily update regarding the German DAX.
On the Weekly time frame of DAX we see price trading in a nice and clear impulsive and bullish sequence up from 2009. We can see a nice five-wave movement up from the lows, with final wave (V) of a higher degree in play which can in weeks and months ahead take price towards the ...
Confluences for Consolidation Period:
- At support of Medium Term Trendline (established since March 2018)
- Price action hovering at 61.8% Fibo line of Recent Highs and Lows
- Overlapping of Oversold Stochastics
Confluences to Watch for a Sell
- Bearish candle formations
- Stochastic Overbought momentum wanes (if it ...
Fibo 0.62 retrace from Mar/Apr lows to the Sep high intersects lower support trendline at 24750. Lower is possible, but... just sayin'.
See Chart: res ipse loquitur.
The downdraft should stop and pivot somewhere between the two support lines in chart. Should. Might.
Expect a 0.50 retrace up from the pivot before next move.
Expect another flashcrash to test the ...
Huge move for bitcoin expected. Those are my main TA sign for a bullish move
1. Double Dip in RSI & $ price ($5750-$6000).
2. Consolidation, BTC went almost stable.
3. Curve trend movement, correction seems done.
Very buy, because expecting it would go much lower, might be the new wishful thinking in ...
Ripple has made 2 breakouts from structure and is on it's way to perform the first part of a wave 1 impulse wave.
Through wave one we should see 3 impulses in total and 2 consolidations/corrections.
See my previous analysis back on the 14th of March 2018 (almost 7 months ago).
Hi BCH is forming a decent sideways movement seen on the 4-hour chart.
There is support on the 100 and 200 EMA and it could be the correction of entire Elliot wave count.
LONGS could be setted up here with Stop Loss under the bull pennant.
RSI is in the neutral zone that means we can go higher or lower (by RSI definition ;)
ETHUSD update: Price is beginning to perk up as Bitcoin pushes the 7K level. 300 continues to serve as a psychological resistance and does not offer an attractive location to buy by our standards. In fact, this market is still relatively weak compared to Bitcoin since it has not made a new high.
At S.C., we are still waiting for these markets to at least show a ...
pircutres say more than words. :-)
I hope you`ll have a great start into the new week.
Peace and good trades
Wanna see more? Don`t forget to follow me
Any questions? PM me! :-)
quick another trade.
Buy after retest of Trendline and Channel
Target 1: 1.240
Target 2: 1.263
Target 3: 1.283,73
Peace and good trades
Wanna see more`Don`t forget to follow me.
Any questions? PM me. :-)
The gbpyen has been consolidating for 3 weeks between 146.90 and 149.80 for 3 weeks.
At the moment, this looks like an upmove consolidation of 360 pips so is this an upmove pop with a possible target of 153.40 and 156 in the making?
Guess this is why it is called the "BEAST". Definitely not for the fainthearted. ahhaha
But directionally, this is Revelation ...
Here on the AUD/NZD we have a good opportunity to go Short:
1- Consolidation fase
2- Daily Resistance Level Reached
1- Bearish Engulfing Pattern
2- RSI Divergence
XRP has fallen back in an area where it previously consolidated between 7850 and 8200.
We could expect some consolidation price action again before another impulsive move.
Will have to wait and see how it develops.
The price has been making higher lows inside a consolidation (trading range) for a few days now.
Major trend in BTC is still down, but we do have a local uptrend since 6100.
These types of consolidations inside a local uptrend are more likely to break out to the upside.
The higher lows inside a range are a sign of accumulation (supply drying up, demand increasing ...
Lookin at the 1hr chart for entry, seems like now is a great time to start the position! Start tiered buys around the *Info in our group*. Had a slight test pump few hours back, and now we're setting in a bit of retracement. Perfect time to watch for low dip buys to make a bag for this trade.
Been tracking the daily for a bit looking for bottom/good entry, got ...