When looking at bitcoins weekly EMA's we have a few interesting things develop. First,we have the 20 EMA crossing under the 200 EMA, coincidentally, its also the first time the 50 EMA has crossed under the 200 EMA. ( side note , the 100 has never crossed under the 200 and i dont expect it to this bear cycle.) To me both of these occurrences mark the bottom...
Bitcoin has experienced a significant upward trajectory, starting below 16k and reaching a peak at 31k. It is anticipated that the next phase will involve a corrective visit to the Fibonacci level of 0.618, estimated to be around $21400. However, I believe Bitcoin may dip slightly further, potentially settling around the 20k mark, which aligns with the support...
Hey traders! 🐂📈 Exciting times ahead as we've got a bullish setup on the EURUSD forex pair in the 1-hour timeframe. Let's dive into this opportunity! 📈🐂 💹 Demand Zone Bounce: The price action bounced strongly on the demand zone, indicating an area where institutions have placed their orders and are likely to defend this level. 📈 Descending Channel Breakout:...
Hey fellow traders! There is an exciting setup on the AUDUSD forex pair in the 4-hour timeframe. Let's dive into the details and explore the dynamics between buyers and sellers. 🐻 Sellers' Struggle: Price has formed a bullish Gartley pattern, indicating a potential reversal in the downtrend. During the recent downtrend, sellers were in control, pushing the...
Hey traders! Are you ready for an exciting ride on the GBPJPY forex pair in the 4-hour timeframe? 📈💹 Let's explore this fantastic bullish setup together! 📊 Range-Bound Market: GBPJPY is currently experiencing a ranging market, with strong support at 180.000 and a formidable resistance at 183.500. In this dynamic environment, traders can spot lucrative...
The last time we looked at copper was last October, and the trade played out nicely in our favor. Much has happened since then and we think another opportunity lies on the horizon now. Revisiting the same analysis now we observe the following… China, being the largest copper buyer, its currency pair CNHUSD traditionally shares a high correlation with...
After successfully bagging over +1000 points on a recent Nasdaq buy, it's time to switch gears and follow the bearish trend on Dow Jones. The bearish setup is crystal clear in the 1-hour timeframe, as price has formed a bearish bat pattern - a proven and reliable harmonic pattern with a high winning rate. The trend reversal has been confirmed by a bearish...
Get ready for a golden opportunity! The bullish setup on Gold is shining bright in the 4-hour timeframe. After weeks of oscillation within a falling wedge, price has finally broken out! The ABC corrective wave is behind us, paving the way for a powerful impulse. I'm setting my sights on a target of 1940, where I'll be taking some sweet profits. But the excitement...
The bearish setup on EURUSD is looking promising as price action reveals a potential trend reversal. A harmonic pattern, specifically the completion of the leg CD of a bearish bat pattern, indicates a high probability of a downward move. Moreover, a bearish engulfing candlestick pattern formed recently, reflecting increased selling pressure. Adding to the bearish...
Traders, buckle up for an exciting bullish setup in the AUDUSD forex pair on the 4-hour timeframe. We have a compelling opportunity to join the uptrend as price forms a double bottom pattern, paving the way for potential profits. Let's dive into the technical analysis and uncover the enticing prospects this trade offers. The key to this setup lies in the...
Our journey begins with the formation of a double bottom pattern, a powerful reversal pattern signaling a shift in market sentiment. Now, as price prepares to break the neckline, a prime opportunity arises to enter a long position with a tight stop loss. Keep a close watch for inside bar breakouts, where candlestick patterns offer a clear entry signal. Adding...
Traders, pay attention! An enticing bearish setup has unfolded in the forex market. AUDUSD is signaling a potential sell opportunity on the 4-hour timeframe, indicating a possible trend reversal. Let's delve into the technical analysis and uncover the exciting prospects this trade presents. My attention is drawn to the recent breakdown of the channel in which the...
Calling all traders! Get ready for a thrilling opportunity in USOIL (Crude Oil) as we present a compelling bullish setup that is further supported by fundamental analysis. This combination sets the stage for potentially lucrative gains! 💰💥 In the 15-minute timeframe, price retraced to the critical 0.618 Fibonacci retracement level, known for its significance in...
As a update about my current bear position on CZ coin as you can see by the link below. The price action is heading one leg downward to complete a wave 5 of a contracting ending diagonal, according to the Wave Principle. That seams a breakdown can be expected to the local demand, as we can see clearly on this chart. After broken, the trendline tends to be...
VeChain update with my opinions and what i plan to do if my opinions are correct: Here is a closer look at the 1 day VET/USD chart: While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows. Notes: VET is still in its Descending Channel Pattern. VET is back in the Bearish Zone of the...
BTC is having a rare golden MA cross, that is Bullish if you look at the charts... Price is going up
Attention, fellow traders! Exciting times are ahead as EURUSD breaks free from its range, paving the way for a potential rally! Buckle up and get ready to ride the bullish wave as we dive into this enticing opportunity. The stage is set for an upward surge, with our first target set at 1.08100, followed by the second target at 1.08500. Picture this: the price...
This week has been very profitable. I have managed to learn how to stick to my trading plan. A lesson I have learned this week is to "get in, and get out", one, the market fluctuates according to the session, two, price is not going to match your account balance goals, and three, when in profit trail, and stop it. Proper risk management, as well as improper risk...