The price found support at 10,000.
Currently, we expect a correction and a continuation of the upward movement.
Locally we recommend to consider purchases from levels 10200,10300,10400.
The target for wave D is 12,400.
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
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"We just need to cool off for the next rally".
I think this will be complacency (again -.-).
The July-August period is always boring (60% of the time everytime).
Bitcoin might have been different in the past I don't even know, when it was 90% made up of basement dwellers and 13 yo.
But now it will be like the rest. I was suggested to look at stocks, I like the...
This is not a prediction or a trading advice, please take your own risk during trading.
Like any other traders, I saw two huge wicks on the weekly candle, which can be interpreted as a bearish candle. And a lot of people shorted it all the way from 14k to 10k. I think they are excellent to spot that. But there are several things bothering me:
The GBP/USD is heading towards a pretty significant structure level ahead and I believe there is going to be some sort of bounce as sellers begin locking on profits - those who were able to jump in from the start of the move.
What do you guys think? Let me know in the comment section below.
**THIS IS MY PERSONAL OPINION AND NOT A RECOMMENDATION TO TRADE.
Looking at the 4 hr this morning. We are tangled up with the 200 MA. As of right now the 200 MA is resistance. We fell to the .5 fan yesterday and also to sub 10k for just a short while. There was a nice little jump back to around 11K shortly after. I drew 2 orange lines that represent the current support and resistance. We are just having trouble staying above...
Price is nearing multidays long descending trendline where it is expected to find resistance and it may pull back towards ascending 4hr trendline which has been supporting its upside movement.
As we can see triangle pattern also , later we will be waiting for break out for confirmation of direction.
Price pattern is suitable for scaling in.
If the price breaks the price pattern with the help of the rate decision, 5.82 level will be easy.
If not, we still don't think that prices lower than 5.65 is not permanent.
Than you for your likes and comments. Keep them coming.
Hello traders investors and community. This is an update analysis on my recent SHORT analysis about LTCUSD.
As you can see in the chart it reached exactly my SHORT target at 97.602, there is also a second target at 83.270 which...