A bounce back from major resistance and bearish momentum on heiken-ashi are a strong indication for going short in this pair
Based on previous cycles and more importantly the broader economic markets, ETH has the potential to reach 350 in October before stabilizing and then ranging through first quarter of 2023. Q2 GDP will officially declare the recession that the US is obviously in. Bad earnings will drive all markets down, Oil/Natgas will still lead the way as long as there is...
Posting a quick update on ETH here as it's currently sitting at a make-or-break spot. ETH is holding quite a large symmetrical triangle here on the daily timeframe but also is rejecting both its 20 and 50-Day EMAs. ETH is also currently hugging a big RSI-Based supply level & bouncing off the .236 FIB level. Additionally, something certainly worth noting and...
Ignore the scale of the chart. DXY goes down, 1/ BTC goes down. Which means BTC goes up along with assets until we reach DXY support. Now check the long term support for DXY: Good luck and hedge your bets!
$ORN #ORION #PROTOCOL Exceptional volumes seen in $ORN during the recent times. Fantastic reversal seen from support and the breakout of the trendline resistance. If #BTC stays good this will the fastest one to fly north. Interesting setup up overall for sure. #Watching
All indicators say bearish market. All charts must agree to make money. Remember to manage your money wisely.
looks like a trend reversal soon. could be a consolidation period but at the price range I'm thinking more likely bulls coming. wait for candle confirmation and look to other indicators. I'm just looking in the window trying to see what's going on. comments and criticisms welcome.
Buy GBPUSD with strict SL. Trend lines and FIB support and strength against DXY and high RSI are all supportive of bullish Heiken Ashi to continue.
Technically speaking, a strategy for mid-term investment can be a combination of EMA on 4D Heiken Ashi plus the MACD indicator. This EMA has been a good support level since the COVID crash in the #BTC chart. Combining this dynamic support line with the MACD-cross signal, we can derive a reliable buy/sell signal for the mid-term. Considering the discussed...
Closing candlestick under 200ema, lower high, lower low. TP set at the next demand zone, and there is room to go further potentially. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY
Hi all! For those who were in MATIC recently you noticed how unlucky we were as everytime we were about to break the triangle, BTC dumped at the same time. After two massive corrections (Sunday morning and yesterday), I believe we reached a good entry point on most alts. If BTC holds 48k support then this is what I expect from MATIC in the next two days. It's...
Bitcoin has recently broken another wedge lower trend line. I took some profit in ETH and BTC when BTC was >60k and am now looking for some entries. My strategy is long term hold, but I do rebalance my crypto against other assets in my portfolio so that has been forcing me to do some selling. I want to be patient and let this break in momentum play out. So...
I want to share a custom strategy I have been developing on my very own and get your thoughts about it? I have no friends trader, no mentor, no one I can share my thoughts with, that's why I present my strategies to find other traders interested in sharing and building - perfecting these with me. Together we are stronger. If you find something to say about it,...
BUY signal for UPRO last Friday, with a nice dip intraday to provide a buying opportunity. Weak closed but finished with a BUY sign. SELL on first red heiken ashi candle. TP1 is about 3% or $89.68, where I'll take of 25% of the position if that is hit. TP2 @ 5%/$91.42 (25% of position) TP3 @ 7%/$93.16 (25% of position) Strategy Statistics from backtest since...
BUY signal for SOXL all day last Friday, with a nice dip intraday to provide a buying opportunity. SELL on first red heiken ashi candle. TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit. TP2 @ 8%/$733 (25% of position) TP3 @10%/$747 (25% of position) Strategy Statistics from backtest since SOXL conception (no take profits) Win%:...
USE the smoothed HA Candles indicator located in the indicator list. Combine that with the MACD and Bollinger Bands. Look for crossovers in the MAC D for Entry points on the 15 minute Time Frame. Riding momentum of the trend direction confirmed by the Heiken Ashi Trend color. For example if the HA candles are showing RED and price is beneath the 0.00 Line on the...
Bullish heiken ashi close for entry signal I got about 2/3 of the position I wanted to and it continued to run after hours. Sell signal is first red heiken ashi or we will sell 10% of position at 190.52(+4% gain). Additional take profits at +6%, +8%, +10% and +12% if we get there. Tomorrow, if at any time we go below today's close (183.19) but stay in a...