LTCUSD Forming A Wedge On The Daily Color Red Number 9
Follow on video to last nights video and I have to says... i actually was expecting the 200EMA to hold price action. I mentioned, last night I would be watching to see how today candle would play out and was hoping bullish, but that is not what is happening. Obviously, I'm expecting the daily to close below the 200 EMA here in just a little while, which would...
A friend of mine asked me for some insight on COINBASE:BTCEUR (which can also be applied for COINBASE:BTCUSD but having the difference between the prices into consideration). I found an interesting setup for a structure based trading / swing trading with a very interesting Risk/Reward, which I wanted to share with you. (Please take into account that I do not...
Based on the daily, I wager that LTC will begin to make steady to big moves back upward. I'd prefer steady to be honest. But it is as the market decides. Daily RSI is entering oversold conditions, which may mean a little more weakness for a few days which gives buyers time to form positions. It probably wont last long though, since the RSI daily hasn't been...
Long-term trade on USDJPY after it hit support; might be affected strongly by NFP number which is why I'm setting a very low stop loss.
A tad annoyed I missed the trend line from 2017 on previous posts. Black line: move toward 11700 Followed by either red or pink option: Red line: breakout around 11700, then bounce off resistance at 14000 Pink line: Hits resistance at 11700 then bounces off support around 9000, followed by action similar to red line. Note: The two green trend RSI S&R lines...
A great oppritunity for a buy in GBPNZD, We've got a valid Bat Pattern, which means we can BAMM it up from B point to D point. Measurements for our Bat A = .382 - .5 B = .382 - .886 C = 1.618 - 2.618 D = .886 We've got a great Risk/Reward of 1 risk to 3 reward - honestly, if you set the Stop Loss closer to B point, you could achieve an even higher ratio. I'm more...
I don't trade market open. But considering xau/usd's behavior as it broke the high, I will be looking for sell setups to trade for the break of this diagonal, looking to take profit on half around that high I marked, and possibly leaving some to run for a much larger take.
Following on from previous posts about hitting the daily RSI overbought area, I am beginning to see a slowdown, that may bounce off the 8300 support without dropping below the RSI Daily 30%. In which case a smaller upward trend will follow along with more sideways before eventually dropping. IE: the bounce back may take longer than I initially expected....
Almost every triangle an the various intervals from 15 min to 1 day, have seen a rise breakout followed by a dump. The main triangle started before Christmas is closing along with a smaller recent triangle. This double squeeze will give extra momentum to a breakout. I expect the pattern to be repeated with BTC rising and temporarily sneaking through the 13000...
Every time BTC -1.01% daily interval RSI has gone oversold, its jumped straight back within 1 day. Its headed in that direction right now. Most times BTC -1.01% has dropped badly, the bottom is followed by another shallower dip (including the Christmas - New Year double dip). 6 days ago BTC -1.01% bounced off the 100 day moving average - followed by another...
The price of AdEX is moving inside a channel. It has bounced off the support, so it should go up. Target: 0.0045 Stop-loss: 0.0016
After the successful CD Leg descent after failing to retest the stucture high on the last shoulder, this Monolithic Bull Bat pattern may be a possibility. There is also confluence with an ABCD pattern on the cd leg, and RSI is starting to show some bullish divergence.
if triangle isnt broken by CND, you can trade inside the triangle, buy low and sell at high.maximize 25% profit if triangle is broken you can buy for 50% profit
On the 01/10/2018 I wrote about this cross,it was corrected. I bought and I took Target Price. If today I look , I can say ..... to go Short. We have a long trend line ......long and one strong resistance at 1.5200 where the price close on 01/12/2018. Yes, 1.5200 exactly. If you look the weekly graphic , you can see how many time at this price the trend...
here is another bat out of the cave! If it completely fills, we are looking at a possible bearish drop. I am looking for a retracement to a structural target. If it does not push past resistance at the red orb, I will trade it as a Double Top.
While recently taking several bullish trades on this pair, I noticed a monolithic pattern forming that may prove to be profitable if it can turn over for a bearish retracement once the Bear Cypher pattern is fully formed. Let's see what unfolds. RSI indicates overbought conditions which indicates a possible drop to structural support. I am aiming for targets there.