Hi! Here you see previous bitcoin price action overlayd (blue line) with bitcoin 2020 to 2021 bull market price action. It is quite similar how it fell below bull market support band. Now if the BTC ETF will be approved, that could send price action higher again and we could see after that last leg down and last capitulation before new bull market. Also we...
If price manages to close above 26.5k on the current 3day candle, we can see a simple fulfilment towards 28k and even 29k. On the other hand, a break below 25.4k can make price head towards 23k and even 21k. Only after price reacts from 29k-30k, we can be more specific regarding the long term direction for BTC.
Long-term ideas for the next stage (Q4/2024 - Q2/2025). Can check the Puell Multiple indicator to see timing good to buy. Share your ideas in this comment box
We have entered Silver on daily confirmation bar based on a trend continuation move, weekly correlation and according to our smart money framework indicator. So far it has been a clean move past our 50% OE target. It is a great runner and we will hold onto this position as per our strategy rules till it either hits our trailing stop or a price action signal to...
We have entered USDJPY on daily confirmation bar based on a trend continuation move, weekly correlation and according to our smart money framework indicator. As of now, there is some profit taking occurring in terms of seller bars. We will hold onto this position as per our strategy rules till it either hits our 50% OE target or our trailing stop as in the chart...
What indicates this? Difference between RSI and MFI. And now in more detail. RSI (Relative Strength Index) is an indicator that measures the speed and extent of price changes in the market. MFI (Money Flow Index) is an indicator that takes into account the volume of transactions and price changes to determine the money flow in the market. When MFI is greater...
Topglove stock price breaking 0.850, which is subwave ii (cyan), so most likely "bottomed in"..
Tadawul TASI Weekly chart with major pivots. Each blue line is 45 degrees from HL to major HH. H. Numbers are thirds numbers between angles.
In this trade, we are looking at GBPUSD based on the stretch principle. We have put a pending order entry where the low was for today as in the chart image. We are taking the trade according to our smart money framework indicator, our trend alignment with the the higher timeframes and with alignment with the VSA lite indicator. GBPUSD(Short) Pending Order E -...
There is a price structural failure on the weekly timeframe for ETHUSD. This makes it a downtrend on the weekly. We are waiting for the daily bottom to confirm before taking continuation trades to the downside. For the weekly to continue going down, there is a 30% probability. So,highly probably, it may confirm its weekly bottom before carrying further south....
Every time the moving averages enter the overbought zone on the Double Smoothed Stochastic oscillator, we get a red month candle, which provokes a correction. Which can quickly end like in 2016, or can go sideways like in 2020. I would recommend being mentally prepared for a worse scenario (2020) because if you are prepared for the worst, you are prepared for all...
It's a scribble, not much to explain. But apparently I have to give a longer description so here you go.
We have entered this trade on 4h confirmation bar and it went onto confirm the bottom on the daily timframe. However, the weekly bottom is yet to confirm. Let's see if it continues further upwards and go onto confirm the bottom on the weekly timeframe according to our smart money framework indicator. US30(Long) E - 34607 SL - 34023 T - To be confirmed(TBC) We...
We had previously entered this trade on 4h confirmation bar and it went onto confirm the bottom on the daily timframe. However, the daily bottom did not hold to go onto confirm as a weekly bottom. We will wait for another potential bottom with volume backing the move before taking a trade. Key price structural level to look out for is 24756 as in the image. To...
Shoprite price action favours a bearish turn, for the following reasons: 1. The R250 area is strong resistance, many bulls were trapped here in 2018, they will want out. 2. It is late in the weekly cycle so price must find its way to the bottom, for we expect price to go below R223.36 at least. 3. The pink downward slopping trendline is adding to the gravity...
Warren Buffett, the legendary maestro of Wall Street, is making headlines once again. In an environment of soaring inflation and already high-interest rates, Berkshire Hathaway is outperforming and beating its benchmark, the S&P 500. But a crucial question looms: Are we witnessing the end of an era or a late renaissance for the Oracle of Omaha? And does this raise...
In this live trading session video,we look at our open positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more. To understand our ideas and videos better,we highly recommend watching our following stream videos: 1.Trader Starter Pack 5 day video course Look at the our signature section to access it 2.7 steps...