Morning guys, So, H&S that we've mentioned week ago is working slowly. It is not necessary to talk alot about it. Since bearish fundamental background has not changed and we still have long term 12K target - we consider this pattern as the chance to get better entry price on the short side. Thus, if miracle happens and it works, then 23-24.2K area seems like...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I just started a new series where I will analyze Bitcoin in 1 minute for 500 Days! Let me know if you like the idea. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Weekly Chart shows a longer term broadening formation with the purple box as my potential bottom at 13k-16k for BTC Daily Chart shows we continue to fail to push towards the high of the broadening formation and continue to break lower 4hr Chart shows that we are quickly approaching the long term broadening formation I would watch the price action around this...
2:1 on EURUSD (short) Entry around MP SL up top Target to MS2
In my previous post I published the idea of a massive bear market rally. This idea is still in the books, however, it may take days if not weeks to play out (if it does) As a result, it is important to spot local tops and re-balance lower (not just to maximize your profits but more importantly to avoid getting rugged) When we started the daily, the main idea was...
XAUUSD on the 4h chart reached as expected the 1870 level and is now testing a daily support. The market after the break of the structure seems to have enough strength to move to the next structure around the 1890 area. How can we approach this scenario? I will wait for the EU market open and check for a possible break of the resistance area . In that case, i...
I know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line. One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current...
Thorchain / TetherUS weekly + daily level & trendline analysis. Note: visit pofile to see other timeframes
I've added a few private ideas to this idea, never knew it was possible to share private ideas in a public idea! They're all 'to-the-moon' ideas, you'll love em.
Scenario 1 : 3rd time retest and go up. Scenario 2 : Broken and go to major support.
USDCAD on the daily chart is trading below a weekly resistance. I would expect some more bullish development and a test of the 1.33 area can be expected. How can i approach this scenario? I will wait for the EU market open and check for a possible break above the structure. IN that case, i will search for a nice entry point according to the Plancton's strategy...
Morning folks, Well, as you know - we're sceptic on any bullish setups that BTC is forming, just because we know the fundamental situation and it has no chances to normalize within few years. Thus, we keep valid our long-term targets on BTC of 12-13K and next is 8-9K. Now market has big technical problems - it has no more strong supports, it is not at oversold...
I know the question that is on most people's minds right now... Is the drop over for Bitcoin? Is the bottom in? Bitcoin Daily Chart Analysis We are looking at the daily timeframe for the BTCUSD pair. Yesterday we hit a new low set at $17,605. It is the first time Bitcoin see this price since November 2020. It is only the second time that Bitcoin goes...
USDCAD on the daily chart is trading below a weekly resistance. After the FED decision to increase the interest rates we can see some more bullish development and a test of the 1.33 area can be expected. How can i approach this scenario? I will wait for the EU market open and check for a possible break above the structure. IN that case, i will search for a nice...
Greetings everybody, So, BTC goes with our long term view, that suggests next target around 12.17K. Meantime, as market takes the rest after yesterday's thrilling session, minor tactical bounce could happen. If H&S works - BTC could re-test broken lows, which is also 25K-resistance area as well. H&S should start from ~ 21K. If BTC doesn't do it - be prepared for...
EURCHF on the 4h chart after the test of the 1.05 level retraced at the 0.5 Fibonacci level. The market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance. How can I approach this scenario? I will wait for the EU market open and check for a possible break above to set a nice long order according to the...
Morning folks, Those who read our weekly reports on FPA site on fundamental analysis of the US economy probably are not surprised with the BTC collapse. As BTC as the stock market are doomed. We expect 2500 level on S&P on mid-term perspective with further drop below 2000 in longer-term, which means that our long term targets on BTC is 12K and 8K... Now BTC is...