Wild volatility in Bitcoin with strong trends, explosive pullbacks, ranges and fakes, we have seen it all in the last three days. How to profit from all of this? Read the market and think about what can the market do to fool people! I have marked and numbered entries (long and short). I will try to explain each of them briefly, if you have questions feel free...
Bitcoin has left the broader sideways channel, which was slightly upwards pointing, a now new downtrend has emerged. The chart shows how you can scale into a position and where to cover. All entries are based on price action rules. The cover targets are based on targets at which upside movements could start.
MACD is indicating that the price wants to break upwards and also this is a great opportunity to open longer term trades. The price has to break top line of the Symmetrical Triangle Pattern to confirm upward movement. This is why buy orders should be set above resistance line (not visible in chart) at 369 level. If the price does not reach to our buy orders, then...
After strong upward movement we can see price falling from new ath to this moment. The price found support at 5621$ level - we should see bounce to 5900$.
-I feel it is necessary to state that i am still watching for that move to 5082 USD level and higher, but this chart shows you what could be brewing in the oven as well to help get prepared as "Time in the markets is way better than Timing the markets". -I would expect this Eliot wave to complete so we could get to the full business of things. Now this is not a...
Hello:) First i`ll say few words about situation right now. We are in the previous resistance, we didnt brake it, we made some divergence on indicators, but watch out: same situation was on the last week (circled and pointed on macd). So, if they are similar, so black arrow shows the possible movement. Nobody can say how it will behave itself, but i believe...
There is a potential bullish Cypher pattern setting up on NZDUSD. This pattern will potentially complete @.68457. Minimum stops must be below X @.68176 with target 1 at .6885 and target 2 at .6909. As always, follow your plan. Good luck and good trading.
Just got short EURUSD on this bearish Bat pattern. Minimum stops need to be above X at 1.0689 with target 1 at a 38.2 fibonacci retracement and target 2 at a 61.8 fibonacci retracement. If you would like to follow all of my live trades, you can sign up for free on my website: www.bctradingsystems.com Good luck and Good trading.
There is a potential bearish cypher setting up on the GBPUSD. This pattern will potentially complete @ 1.25151. Minimum stops need to be above X at 1.25559 with target 1 at 1.24585 and target 2 at 1.24241. As always, make sure to follow your plan. Good luck and good trading.
Hi Below you can see the trendline in logarithmic view. Notice how the trend is now completely straight and lines up with the straight yellow trendline. It's worth keeping in mind that not all trends will stick to the trendline in logarithmic view. You do still have trends that are moving so fast that they never return to a previous trendline until they...
Syndicate members there will be a video coming out on this shortly, but I wanted to share with you guys a potential breakout trade that I have on my radar this Tuesday Morning. If you're unsure on the different ways to trade these types of simple consolidation pattern you can check out the video I posted 2 weeks ago titled "How To Trade Breakouts" But there is...
As with most things in life, letting a trade set up steep and mature prior to entry is basically how you make the most profit. Come and be successful. Should the support bar break I am in, joining a clear strong signal = Short/Medium/Long term trends all down. GL and may all your trades be monsters ;)
A beautiful extended downtrend here with a large room too profit over the relatively short term 1-3 months. Simply waiting for my target entry zone to become available. Should I stay positive about entering I will. GL if you do the same or something else. Feedback always good, good banter even better ;)
It is about time us Bears got together and smashed this cheeky bugger off the worlds top spot. As you can see here we have combined waves of tightening wedge formation on the chart. We also have some strong fundamental key events to help drive emotions and stretch budgets. The cloud of short interest is growing and if we slam hard come NFP we will be able to see...
Long term outlook very bleak for the once relatively strong AUD. It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt. Using a simple fib based regression trend analysis along with a modified pitchfork that ties...
So USDJPY has been grinding down the price levels for some time now, here is a simple profitable set up for a further short scenario. Take a Short from here and hold. 101 is my personal target profit take and I suggest if you follow that you do the same. My stop is set at 106.600 Time duration of the trade I would expect to be no longer than two weeks at most....