USDZAR OHLC (SELLS)
MONTHLY STRUCTURE
(JULY 2022)
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Monthly Structure for USDZAR in the daily timeframe is OHLC (SELLS).
A resistance will be formed the minute TDI Priceline and bloodline cross.
Bearish Divergence from May till current market price in July.
Patience, Long term runner Tp must be set...
I see a long bearish trend making its fifth wave (elliot wave). wyckoff accumulation become more and more relevant, stop hunt followed by a break of market structure already happened;
I marked 3 zones in wich the pullback may stop
So if you missed the first entry which is too risky and I understand why you probably shouldn't
and that is fine. Do not chase it down but wait for it and a small ABC (abc if you are an Elliott gal.
Wait for this move in green which should look like an abc and place a sell order in the red circle area.
Of course this is only a hypothesis so we can't be certain...
Hello !!
Welcome to the short-term update on BTC. After taking a pump from the 17600 mark, it reached around 21700 thereby pumping the altcoins.
As of now, from the chart it seems, it has again broken the trend downwards and may dump again. Be aware of your positions and keep strict STOPLOSS on all your trades.
Let's wait for the right moment and a clear...
I want to go on the record with what I will be looking for in the future with Bitcoin BITFINEX:BTCUSD . I have been consistent in my thesis since October 2021 that the bullish cycle of cryptocurrencies was ending upon the failed breakouts of the All Time Highs. Since November I have called the crypto winter and expected it to last through 2023.
On an esoteric...
Hello !!
Welcome to the quick update of BTCUSDT.
After breaking the initial support of 28300, BTC took a deep dump. It tried to sustain at the 26k level but eventually fell off making a new low of 20100, which is down almost 70% from ATH. It took a pump from 20100 and is currently trading around 22K.
In order for us to be bullish again, it needs to break the...
Why is this a buyer's market?
1. Moving averages in the past were bought (200MA, 300MA)
2. Everyone is looking at 200MA. This can break down also.
3. Great support at 13-16k if capitulation is not over at 24k levels.
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Next will analyze RSI to spot rare occasions to DCA...
$BTC is more than 50% off from its ATH. Time to accumulate and keep stacking and stacking and ignore all the FUD and negativity surrounding Bitcoin. I set 3 target levels i believe we will reach within several months. This bear market is an opportunity to capitalize on people's miscalculations due to their fomo. A continue short is inevitable. The bottom wont be...
HELLO !!
Welcome to the quick update of BTCUSDT. in the last few days, we saw BTC dumped badly after it broke the immediate support of 33000 and 31000. As of now, it is trading at around 27600 and is down by almost 19% from last week. As of now, it needs to push the price above 29200 in order to move up in the weekly timeframe.
If the weekly close is below...
Hello !!
Welcome to the quick update of BTCUSDT. It was trading in the range of 37300 to 39800 for a long time. It is still in that channel and I can see a larger bear flag that was about to break but BTC managed to enter the channel again. I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000.
The...
The daily posters on Tradingview, Twitter, Coinbase and YouTube usually have a daily focus which is fine so long as it works for them. I am continuing to try and be a big picture guy and always zoom out or take a step back. And quite frankly, bitcoin is just consolidating in a channel at this point. I am likely to be more interested in bitcoin when I see it...
Hello Traders,
This is just my personal opinion about his pair and what i see and anticipate happening.
On the daily chart price broke the blue ascending trendline with an impulsive bearish move. price has since tapped into to a previous level of support
around .71600. the overall market is bearish but is showing a bit of sluggish bearish momentum, which based on...
Hdfcbank made symmetrical triangle & broke out of it on smaller time frames of 15 mins chart, hdfcbank is extremely oversold & in in very short it ll pullback.
Could be bought on the back up of shortcovering with mentiones stoploss & targets.
DalmiaBharat is in the making n confirmation of inverted head n shoulder with okayish volumes. It confirms only above 1620.
So, buy above 1620 with mentioned stoploss & targets.
Nat Gas - Add this to your main watchlist.
We could get a nice opportunity to short if we get a small pullback next few days to the noted orange zone at which point we have to look for clues for a potential sell off. #patience
