So far, we've seen a nice run on BTC. And its been a while since I've traded BTC, but as I missed alot of opportunities since last week, I figured tonight would be a good night when I saw that nice pullback. As I am seeing bullish structure being formed, I entered a LONG, hoping for continuation. Reasons for entering trade: 0.618 Pullback of the last...
Trend: Bearish Structure: Support and resistance / Lower lows Plan: We look for a continuation of the bearish trend. Price has bounce off previous higher lows (resistance) and has made a lower low, this along with MACD confirmation suggest a continuation of bearish trend
We have now reached a support zone, formerly resistance as noted in the picture above. we still anticipate a break of this support level to create the next lower low which can be seen on the daily chart. Now, the US will be reporting Home Sales and Job claims. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the...
The blue trendline zone was drawn on the 4h timeframe. I believe there's more room for this pair to move to the downside after a pullback on the 30 min timeframe. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
On the weekly chart: After completing a large cup shape, SFET has been consolidating into a wedge/triangle pattern. A potential breakout was achieved on the wedge, and a curved backtest is underway near 1,20. A broader triangle may also exist, and the action would be nearing completion of that as well. Looking for a rebound off the 1,20 area and a weekly candle...
Hello there, this idea is more looking on the mid to long term analysis and why i think bitcoin is not done yet with his sycle First of all its important to understand what a bullish sycle remains bullish even though we dropped over 50% in stock terms you would consider -20%+ to be the end of a sycle but as we all know 20%+ changes are the usual thing in crypto...
My overall medium term bias for the market is bullish. Right now I'm seeing any dips as opportunities to buy. Technically we're in a strong uptrend and we just had a healthy pullback. I see it breaking even further to the upside after a small retracement. News I'm watching out for. (all pairs) - Comments about the timeline of interest rate hikes. - Comments...
The pair appears to be developing a massive 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory. The current correction could potentially bottom out around the 38.2 per cent Fibonacci retracement level at 1.23670 before the bullish momentum is resumed.
Hello everyone, rouzwelt here Well as you can clearly see in the chart, price is now reached to the lower side of the uprising yellow channel and is about to break below it, if you have been following me lately, you know that I've been talking about a potential test of the crossing point of the blue down-trend line and lower side of the uprising yellow channel in...
Hi Traders! This is our analysis for CARS, the chart looks very simple but very bullish! - Price is currently located on a long term trend line (Yellow) which is working as a very strong support. - Also backed by medium term trend support (purple). - 100MA support + horizontal support. - RSI is 45, in the past year RSI bounced of 40 level 7 times. - Ichimoku...
considering the chart, the circled part was a false break-out which created SWING LOW from the Previous SWING HIGH, CORRECTION of 50% completed with a CONTINUATION which broke the 0.00% SUPPORT LEVEL of the Swing Low, a RETEST to the TRENDLINE now acting as a Resistance then a continuation which created he recent Bottom Valid Trend and an Asymmetric channel up....
After the upward bias on the 1H EUR now seems to break down again to continue to the downside. Sell @ 1.1910 SL 1.1930 target 1.1850
Before I proceed with my view on this chart, I want to believe as a trader you already know the importance of 200 EMA acting as a Dynamic Resistance and Support, we have seen a break-out below the 200 EMA and a steady consolidation just above the SUPPORT ZONE AREA from January, a rejection at the Dynamic Resistance. We saw that price did range for some days before...
Hey guys, bigger picture here on the DXY we have just violated an inside level of structure which allows me to make the prediction that price is likely to continue higher to our next higher level of previous structure resistance. Recently we've seen a little relief in the market in the form of a bullish flag pattern. Currently at the lower end of this flag...
Good morning ladies & gents, Following on from my USDCHF idea last week that has destroyed TP 1, I'm now anticipating continuations long for another day. I'd anticipate a repricing on Tuesday/Wednesday downwards, but for now, DXY should be strong. In light of this, I've taken an entry here off the M30 +OB anticipating price to hit the high of the day then take...
After a strong bullish impulse on 20 May ,Dow pulled back from the Predominant bullish trend towards the Closing Bell and Asian session opening , and had a convergence of the support and resistance levels ,forming a Bullish Wedge pattern with a break-out level @ Price 34175 .
I took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy...
Analysis on #EURUSD Hello friends. The EURUSD made falls break to the downside last week and hit so many Stop losses, only to go back and closes where it was, as you can see now we have a possible head and shoulder pattern forming at the structure. A break and close above the neckline will open the door for us to go and test the high near 1.2265 if this...