It goes without saying, this bull market has been the most hated I’ve ever known. Retail traders attempts to go “short” on every leg up resulted in quick squeezes. Every 1% to 4% correction brought renewed calls for the end of all things. Including time I believe. There is a reason why 90% of market participants fail in trading. Emotions. The last four long ideas...
Bitcoin price action has continued to frustrate market participants with price action resistance at 70k. That’s about to change. Why? 1) Price action and RSI resistance breakouts. 2) A trend reversal is evident with the first higher low on May 11th now followed by the first first higher high. Yellow arrows. 3) The flag, you can see it? It is very clear. A...
That is a big question. Like every good Ponzi scheme, early investors require fresh money to exit their positions. The ETF’s facilitated that exit. Folks who could not fathom how to operate a Bitcoin wallet let alone a Bitcoin address were left out on the sidelines for years until the arrival of the ETF. Their money was welcomed. The onset of Exchange Traded...
But first price action shall move to the 11-12 dollar resistance before the downtrend continues. ** trading opportunity ** On the above weekly chart pice action has confirmed a bear flag breakout. The flagpole measurement forecasts an eventual target of $2.50. Meanwhile a breakout of RSI resistance prints with a weekly bullish engulfing candle. The weeks ahead...
Bias Bearish. Price reached out premium imbalance in the 4Hr. Looking for shorts to the London lows and ultimately targeting Weekly low.
One of the setups that we discussed on a today's live stream is on AUDJPY. The pair broke and close above a neckline of an ascending triangle pattern on a daily. Retesting the broken neckline, the price formed one more triangle on an hourly time frame. Its neckline breakout is a strong intraday bullish signal. I believe that a bullish trend will continue on...
Very probable. In the next 6 to 9 months. This idea is a continuation from the idea: ‘Is Bitcoin about to collapse to $20k ??” published back in December. You can read it here: tinyurl.com Previously the $20k target was based around the idea of a wave 4 Elliot wave correction. A strong sell signal on the weekly. Now everything is in reverse. Wave 5 rally seems...
Penny stocks are excellent fun during market volatility, they move as fast as crypto charts. Thusly chart patterns reveal themselves with pace. On the above 2 day chart price action has corrected 90% since October and even more so since Oprah Winfrey decided it was time to exit. Now is an excellent long trade. Why? 1) Price action and RSI and MFI resistance...
On the above 1-day chart price action has corrected almost 90% since the beginning of the year. Now is an excellent moment to be long. Why? 1) A buy signal prints. 2) Price action and RSI breaks out from resistance. 3) The BTC pair matches points 1 & 2. (Chart below). 4) Top 10 Holders control 25.06% of supply on a $50m market cap! This is fantastic. I don’t...
There is growing evidence for it. On the above 10-day log growth chart price action has been riding the ‘mean’ log growth line for a little over 1 year now. Throughout this whole time price action trades within an ascending channel, a bear flag. Within this bearish channel a smaller bear flag is printing. A measured move on the smaller bear-flag confirmation...
On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Confirmation of support on past resistance. Horizontal blue channel. 4) The flag pattern flagpole...
Daily Chart: Resistance Levels and Breakout Potential The daily chart of PLTR reveals a strong bullish movement with the price recently testing the resistance at 25.47. Historical resistance levels are marked at 25.47 and 27.50, where the price has previously faced rejections, as indicated by the red arrows. The 21-day EMA acts as a dynamic support level,...
GBPCHF broke and closed below a key daily support. Retesting the broken structure, the price formed a narrow range on a 4H time frame. London session opening pushed the prices lower. The pair broke a support line of the range, leaving a strong bearish clue. I think that the market may keep falling. Next support - 1.1224 ❤️Please, support my work with like,...
As I predicted yesterday, WTI Crude Oil bounced and reached a key daily resistance. After the test of the underlined blue structure, the market started to consolidate and formed a head and shoulders pattern on an hourly time frame. Bearish breakout of its neckline is a strong bearish signal. It indicates that the market may retrace from the...
H4 Analysis: Analysis/Bias remains the same analysis dated 17 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak...
The ICPUSDT pair has shown promising signs of emerging from a possible downward trend, with the price encountering a substantial resistance zone around the $15.40 level. A modest pullback is anticipated at this point, which is likely to precede a bullish momentum. We have identified the retracement target, which is where we aim to re-enter the market....
Price broke daily structure making majority of my timeframes bearish, Strong buyer's rejection( we can see from the Weekly Candle close Market structure DH Weekly and Daily at the same AOi Weekly Rejection at AOi Daily Rejection at AOi Strong Daily Bearish push Previous Daily Structure Point Around Psychological Level 1.27000 H4 Candlestick rejection...
I enter on the price of 0.0135 with confirmation Entry: 0.0135 Target: 0.025 waiting for NOT