Guppy finally showing signs of reversal into a bull market.
We have a really nice bottom around 7650 hopefully it keeps on holding until we break resistance.
I'm not a professional. This isn't financial advice. Any feedback is welcome.
Thank you for your time
After dropping for almost TWO WEEKS, it would be interesting to see if GBJPY manages to Stage a comeback. Price has hit a Major DEMAND AREA on the Weekly Chart.
We need a couple of Constructive BREXIT related News and Improved RISK APPETITE this week to push GBPJPY higher.
So, in case of POSITIVE DEVELOPMENTS, as mentioned above, Swing Traders can definitely BUY...
GBPJPY is approaching two MAJOR SUPPORT LEVELS, the first being at the 141.01-141.15 area which has seen some decent INSTITUTIONAL BUYING in the past.
The Second Support being at the 139.80 area which is a STRONG SUPPORT as well.
It's expected that GBPJPY will bounce from one of these LEVELS and go towards the RESISTANCE at 143.80.
So, traders can look for BUY at...
In my previous idea, I advised about buying GBPJPY at 143.80-144.10 area. As you can see, the price has moved up after hitting the area that I mentioned. If you have already bought at the support area, you can hold the trade for 145 and 147 TP.
Others can see the lower time frame and then go long.
For FREE SIGNALS, charts, and analysis, check my signature link...
We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected.
GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally.
From the chart, I would like to point out 3 things:
(To receive signals, ideas and updates, don't forget to check...
The guppy is the most beautiful indicator in a traders toolbox. I enjoy watching as this collection of EMAs helps paint a clear picture of uptrends and downtrends.
Blue and green supper guppy means that there is a confirmed uptrend while red guppy shows a confirmed downtrend.
We haven't seen the guppy flip bullish aka confirmed uptrend since the alt-season of...
Lets talk about 1 BTC
Risking 15% ( 0.15 BTC ) Is worth taking the risk for me to make potencial of 0.5 BTC up to 7 BTC
Lets be realistic and lets say you will scalp on the way up and double your investment (100%)
Setting up stop loss is recommended here but not necesarry as some spikes might hit it.
**This is not a financial advice**
In my last post, 8 days ago, I was saying "Stop shorting and protect your capital" ().
Nothing changes since the last post. We are still between a support and a resistence. The guppy is still bullish (all the analysis in the last post, nothing changes...).
So, same conclusion :...
Apologies if I have been focusing too much on the bigger macro picture but I am too busy with some projects to do individual stock screening. Nevertheless, if you have been following my posts, you would know I am of the view that we are in the midst of a major inflection point (check out the Preponderance of Evidence series and DM me for full written report if...
NICE PUMP BUT DONT LET YOUR EMOTIONS WIN, AND DONT LET THE NOISE CONVINCE YOU THIS IS THE BULL RUN EVERYONE IS EXPECTING.
WE ARE INSIDE OF A MASSIVE FALLING WEDGE, IF WE HOLD THE WHITE CHANNEL AND TRADE SIDEWAYS WE CAN THINK ABOUT GOING FOR THE $4,200 RESISTANCE, IF THERE IS LACK OF VOLUME AND BEARS PUSH THE PRICE DOWN, THE YELLOW THENDLINE MUST TO...
Bitcoin was looking promising last week as we had entered into the midrange of the guppy EMAs but that strong rejection has caused the faster moving EMAs to drop back below
We are trying to close the first one here with a Blue momentum candle but the way we close the daily will tell us more on whether this is a sustained moved or just a bounce before lower
BTC continues its nice rally but we have yet to see a CRUP candle print on the daily
Super Guppy remains suppressed and could be on the verge of rolling over
Until we get full crossing over of the EMAs and the Guppy turning green, we can safely say we remain bearish
The 200EMA remains high above around $5,700, which bulls are targetting on a potential...
Night night. Sleep tight. Don't let support at 137 or Bed Bulls bite.
Short til 137 cuz Britain is confusedand travelling. Japan has nice food and making a go at being stable. Also cuz macds and candles look short. And cake.
Buy in: 0.00000440 - 0.00000480
Stop loss: Close weekly candle below 0.00000350.
MACD is trending up looking to enter the bullish side.
We have a strong reversal candlestick on the 29th Nov.
RSI massively oversold on the weekly time frame.
HOW TO AVOID BEING...