EURBGP makes history, easy short
I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would...
I'll open sell after fake broke of key level 26954.0 because:
- 26954.0 is a historical 10-Month High.
- Many traders will close their buy positions near this level and it can cause falling of the price.
- Potential profit will be in 5...20 times bigger than risk.
Monthly and weekly chart trendlines are down.
Fresh and historical demand zone at 3.48-2.93 area rejected price 7 months ago.
We have a nice weekly demand zone at 4.22-3.85 area.
We have a uptrend on daily and we have a daily demand zone over weekly demand zone.
Entry price: 4.32
Stop Loss: 4.12
R/R Ratio: 3
I have been exploring EURUSD charts back in the history to find an area with similar patterns.
Please have a look back at the period 2017-05-17 to 2017-06-23 with daily bars (STAGE ONE)
It may be possible that EUR will swamp in this swing between 1.1125 and 1.1280 for a couple of days and may require a break and a closure around 1.1330 area as...
According to the theory of Charles Henry Dow, of the three major market cycles, we had a bear market, bull market will come any time soon, historical levels of of support/resistence tend to be respected
Using only historical data, Fibonacci, and simple Geometry, I'm making this very long term Bet to BTC with 2 kind of possibles dates and end prices.
Maybe it's too early to make soo long bet, but if you are a Hodler, maybe its good to start to think what will be the price in 5 or 6 year.
Ladies and Gentlman!
Looking at the 4HR Chart we can see a bullish divergence. Since the price bounced off the 200WMA i expected a pullback up to the 20WMA.
This expectation comes from the pull back after the kapitulation in October 2014. Provided the past shows some similarities with the present. - So far, I would say that clearly there are some.
We know that historic events are good indicators for future events. However, they do overlap sometimes due to human psychological behaviour.
Before we had this drop, I showed you one identical event. That event was replicated and we had our drop. So, I went hunting for another similar event.
In this chart, you can see the candlestick chart pattern drawn on the...
Hello, friends and fellow traders!
Long time no use this platform, though I never stopped trading. I was there when the crypto market saw the top, didn't sell until March 2018, but enough of my personal history--let's see Bitcoin's price history, as what happened in the past provides us with the only way to get a grasp of the present. Here are the previous market...
Confluences for Trade:
- Price action at a Trendline Support
- Stochastic Oversold momentum
- Widening of EMA
- Price action is close to 2016 lows, could be a strong support at such levels
Entry @ Area of Interest 0.9675 - 0.9735
RR: Approx. 2.30 (Depending on Entry Level)
The technicals are lining up within the charts to revisit a historical range.
In the last week of May, first few weeks of June 2017, the pair traded between these levels for five weeks before breaking up.
Looking for a retest of these range for a few weeks.
A negative break down (around the time of the next Fed rate hike?) will send the pair to around 1.0825
As you can see in the picture, the current situation has already happened in the past and on 02/08/2012.
Dear friends, the current status of Bitcoin is not a new situation. Although the eight-month depression flag has been broken, and although this is a very important event.
An important issue is the breakdown of the 6800's...
The bottom is, in my humble opinion, is not in. Looking back at the price action of BTCUSD in early 2014 we can take a look inside the most recent long term bear market and use that as a reference for our current bear market in bitcoin. Bitcoin and crypto has seen a massive influx of new investors and frankly what we in the space refer to as 'dumb money'. They...
An extreme long term view of bitcoin and its uptrends. including RSI and MACD.
The blue line initially represents the expectation as the previous wave did.
But after a short while it just goes to ridiculous heights. Cant leave them out for Bitcoin.
Just an idea, DYOR