BTCUSD update: Price is still gyrating around the low 8Ks which is nothing more than randomness. The fact that yesterday's low of 8123 was just taken out also adds to the retrace argument as well. We have been patiently waiting to buy into the more attractive prices relative to this formation which are below the 7800 level. I published a report earlier on S.C....
Bulls have tested 6800 area 6 times since June 18th, I think if we head back up there and the head and shoulders pattern plays out then we will break up towards 7000 area. Maybe consolidate around then and move up giving the resistance time to come down. The 200 MA is moving down and we fell out of the sky last time we touched 200 MA, also the 30 week MA is...
ETHUSD update: Price is consolidating around the 464 level as this market is pulled back and forth by the indecisive BTC market. Symmetrical triangles are tricky formations since the closer to the middle price gyrates, the more random it is. The best thing to do in a situation like this is wait it out which is not what the crowd wants to hear. Earlier on S.C., I...
This has been a very difficult flag one which has waiting until the last possible second to do a bullish fakeout and then also a bearish fakeout. Seeing as how we are at the end of the apex I'm guessing it will be quite difficult for it to do yet another fakeout downward...also futures have expired today so there's no real reason for whales to push it down...the...
As I said in my previous idea that in order for the bull pennant to trigger it's bullish break that the current 4hr candle simply needed to close above it(which it seemed like it was ready to do) I also said it would need a surge in bullish volume to confirm the breakout as well and to look for both of those and not to make any decisions until the breakout is...
Don't trade USD pairs until fake-out zones tested in the initial reaction.
On the chart I marked the recent fakeouts which, as you see, can be great bullish entry opportunities. BUT of course you dont want to buy on the way down. So the strategy is that when we break support level you place buy order (a little bit above) of that support level we just broke and stop loss bellow the recent low (the low we just made). I hope I explain...
Good evening traders, i just want to share a idea i was thinking about. I am shorting the Dollar Index since 4 days and after being in profit till Wednesday the FED rates pushed my profits away and the dollar higher. Here are my thoughts about short term rates and data - news in the short term in general: I am trading over 3 years now and since 2 years i am...
When everyone expects something in crypto, it doesn't happen. Everyone expected $1tril marketcap high - didn't happen. Everyone expected $10k to break and retest the $11.8 - didn't happen. Everyone expected consensus to be a mini alt season - didn't happen. Everyone expected 6th of June to be the reversal as previous months - didn't happen. What is everyone...
Last post: June 3rd. See chart . Review: Price was approaching the resistance level. Update: Since the last post, price broke above the resistance level but has failed to stay there and has now fallen back below that level. The breakout was a fake breakout. Conclusion: We need price to break the resistance level again and stay above it before looking for...
The shorts were washed out below trendline support The long got in and are now running the show If we get a higher high and higher low We have ourselves a Buy oppertunity Long XRP ! Targets up still into the 1.20 area or whatever price might run or shoot up to on the SBIVC release.
This stock is featuring for the first time on our TradingView blogs. Current setup: Price has just broken out of consolidation which lasted for several months. Conclusion: We need to see price remain above the consolidation zone to make sure this is not a fake breakout. We will wait for the next breakout before looking for a trading opportunity. Any comments...
ETHUSD update: Tricky price action off of the 656 support may leave you confused. Is this a double bottom formation off of a predetermined support? In this brief report I will share an idea to consider when it comes to evaluating a position. The 714 level happens to be the .382 resistance of the previous bearish structure. This level is clearly in play in terms...
Some people may call me obsessed over this rare, precious metal - I like to think of myself as a modern-day GoldRusher. XAUUSD is currently ranging, perhaps because of political uncertainty, perhaps because it's just the way GOLD works. Not taking into consideration the fundamental side of the market, I would tell everyone to go long on XAUUSD right now and ride...
Fundas: Despite an improved unemployment rate Average earnings fell over the period. With the CPI tmrw I am slightly ahead of the game but anticipate this action is showing how timid traders are at this level for any more short term upside. Techs: Price firmly rejected an upside breakout on the 4hr chart at 1.4375, showing some lvl of supply in conjunction with...
Hi guys, I want to share my vision of USDJPY. I was looking at this pair for the last days and waiting for a nice trade opportunity, finally i found a great pattern that could make a lot of pips. As you can see, we have a inverted Shoulder Head Shoulder pattern with a breakout of the channel, when a breakout happens, mostly i wait for a retest of previous...
this was an upside fake brea and a downside fake break bu it s seeking its range to the upside
In this video ive analyzed our previous buy setup and made a clarification to previous buy plan