Binance hack of 7000 BTC together with TA makes me believe this is about to happen.
Correction in two steps, first 4800-5000, then 3500 bottom. Hopefully :D
Don't panic, just prepare and set stop loss accordingly if you want to accumulate.
Good luck and let me know your thoughts!
The price for the EUR/CHF currency pair is currently moving in a shallow dowtrend, making a series of impulses and corrections. If history repeats itself, we shall enter a short position around the 1.14000 area and target the 1.13600 area, being close enough to the beginning of the correction move (bear flag). At the 14400, this trade will be invalidated. The bear...
So, trade war news and we get this. SPY tumbles and loses around 2% in two days. Scary. If trade talks are not resolved, we can expect continued losses. We were in a good growth pattern since the beginning of Jan. Market is still trading above 50 and 200 day EMA levels so we can hold the fort for now. Watch carefully, stop loss! If trade talks are resolved and...
Hi Guys! I have updated my chart...
As we see on this 1 D chart on Coinbase BTC is just in savage mode! Ripping up and up!
But BTC cannot go up forever without a decent correction, I see 20-30 % correction coming very soon.
6 k areas are really the strongest resistance of 2019 so far. We might have topped out already. But I see 6200$ or 6300$ also as a potential...
In this interpretation important (shallow) WXY correction is already over and down trend is continuing (that is main thing). Looking for shorts seems reasonable. Recent pinbar is massive and on important spot. Support becomes resistance.
Picture tells more than a thousand words.
The general trend is up, however, prices seems to be correcting for a further possible downside continuation after some sell-off. For a long position, it would be prudent to wait for a retest of the channel resistance and then executing the buy trade.
In USD / CAD, we can clearly see a correction. I think that this will go to about 1.34000
Arrived at 1.34000 we have to watch what happens.
Should he bounce we go long, he should push through the zone we remain short.
Here you can see it clearer on the 4H it's entered the buy zone based off the 50% correction of previous lower low. There is also an inverted hammer on the 4H and now the Daily that has formed which has indicated that price action is pointing towards a breakdown in the bearish momentum. I would suggest entering this trade at 0.70321 also would hope for a crossover...
waiting for a flag formation in 5m/15m to enter the trade for the upmove so we will get a good position before the Advance GDP q/q NEWS of USD
if we dont seee a nice correction , we will consider entering just before the news
Im trading out a new method called overbalance aka correction 1:1
The idea is simple - during a swing You find the largest correction and highlight it with a square.
Next step is to fit that square so the top line is on the HH of the current trend.
You take the position on the lower end of the square (green thumb up) and set TP just slighty above the current...
USD/CHF is so close to the best place where we can open a SHORT entry.
- Price bounced a few times on the trendline.
- RSI OVERSOLD H4 and D1
- Trendline rejection
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
Please support our setups with your likes, comments and by following me on TradingView, thanks!