As of next week I plan to open a new account with only $20.Yes, I know what you’re thinking but this is why it’s called a challenge. My goal with this challenge is to see if you can actually make money with very little capital. I will only be trading currencies with 1:1000 ratio account. Now, how long could this last before going to zero? Will emotions take over...
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price is inside a descending channel and is close to facing the lower trendline
-On MACD we observe a bullish divergence
Based on this, we think the price can retest the lower trendline of the descending channel before starting a bullish movement.
On higher timeframes, we can see the weakness of the...
Pattern: Upside break out from a Channel Down on 1D.
Signal: Bullish as break outs on the previous Channel formation resulted into a reversal.
Targets: 125.000 (0.618 Fibonacci retracement) and 126.800 (full retracement as the previous break outs resulted into).
- Indices -
Powell Speech: Outlook of trade talks is unknown, premature to judge.
Complete denial, or just lying?
By now every one knows the economy numbers make no sense and cannot be sustained.
Every sucker that fell for the "trade war hopes" is slowly starting to realized he got scammed.
Don't really care about other...
Price Chart XBTUSD Kraken
Not An Investment Advice Ameen!
Bitcoin bottomed around 3100 usd this winter. Got rejected thrice at 4k and thrashed that resistance and liquiquated shorts those placed at 4250,4400 and 4800 usd going to 5200 in a single run.
Following the Bear Trend the BTCUSD shorts went to ath.
Bitcoin started a parabolic trend. By passing the...
The pair is on a strong uptrend on 1D (RSI = 58.592, MACD = 0.072, Highs/Lows = 0.0000) forming the right side of the 1W cup formation. It appears that the uptrend targets the Lower Highs of the previous downtrend in the form of Resistance Levels. Based on this we are long with 6.38740 our next TP and 6.64497 the extension.
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The pair is pulling down on the 1D chart and has reached its pivot point (RSI = 50.729, CCI = -28.2213, Highs/Lows = 0.0000). This should accumulate some buying pressure to take it slightly higher only to be most likely rejected again towards the 12.90 - 13.87 Support Zone. We are short with TP = 13.900.
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EUR/AUD - SHORT Order
Entry @ Market Price (approx. 1.6235)
SL @ 1.64
TP1 @ 1.6000
TP2 @ 1.5800
TP2 @ 1.5650
Tp4 @ 1.5500
Many pips ahead!
Bitcoin has broken past the 12 hour candle that put in our top (7746.75), which indicates a local top. This has now put in some bearish divergence and I have a target of around 7200 (where the 21 ema is at)