After the last Up squeeze, BTC/USD is currently moving on a relief (retracement) movement. It respected perfectly 8355 pivot level (resistance) to bounce down and now is about to face the Overall trendline which can be considered now a support level (was a resistance). If it can bounce back up from the Support level (around 8150) I would definitively take a long...
G'Day Cobbers, Bitcoin is looking strong this morning and even opened outside the top of the rising wedge, we hit $9700 before it stalled and people started to take some profits, we should see some correction but with FOMO, it wouldn't surprise me if it continued on unabated. For the first time since near the ALT we have had a decent crossover back above zero...
Taking a step back from the intraday/intraweek stuff here and looking at a longer term position idea on the GBPJPY. If we close out this weekly candle below the trendline then I would be looking for this pair to continue on a bearish move towards the potential target area on the chart between the 50% & 61.8% fib levels. Righ where we intersect with a monthly...
Change in trend? Well as prices have surpasses our prior resistance zone at 1328.00 , I believe that a lucrative trade is on the table. We could be able to long on this up to highs of 1344.00 and also 1352.00 . TP:1344.00/1352.00
I knew prices would hit my TP however I knew that we were in for a very choppy ride. My original TP was 1324.24, however I think that if you managed to hold onto this trade you would of known that prices would eventually swing in your favour. Congrats to those who held their position! Also another Congrats to those who bought back their short positions! Well Done Guys!
break out- we can get a short position
To determine how the Market Maker has been playing in the market, I've decided to use pure price action analysis. The triangle used is just for a visual representation on levels for breakout. What I want to emphasize on here is the price action; you can see that during the previous downside from 20k to 11k, there was a lot of squeezes and a battle between the...
some of excavo's follower were asking me why it was suicidal to buy at the time he made the call here is why. People learn better when they see a picture
Lined up for oversold conditions. Looking for a target around psychological level of $30.
Option 1 goes from here to the blue target: 300 usd. Option 2 goes from here to support, to either stoploss: 180 usd and below, or to the red target: 255 usd. Option green is an extension of option 1 and goes from the blue target of 300 usd to 255 usd as a correction, then to 370 usd as final target in this analysis. I used Fibonacci retracements, support and...
The YEN is currently the most bearish held position against an otherwise weak USD (Net Speculators currently 78.4% bearish). 14 period Standard Deviation of Open Interest suggests there is room for more short Yen positions to be added. Open Interest has been building within this significant monthly triangle (shown here on weekly chart) suggesting building steam...
It appears that TRX is in the process of forming the "handle" after a "cup" that's been formed from over a decently long period of time. Given the apparent consistency with the normal characteristics of this charting pattern, I would recommend those who are looking to place long positions on TRX to wait until we hit the bottom of the handle formation, which I...
XEMBTC (Positional Trade) • I am holding this trade for a period of 3 Months. I can see a clear HH sequence forming (Green Dotted trend line). I see price is reacting right above the support and price is challenging the guy who started the move. But I presume that there would be some bearish sign on the trend line If that happens then I would be likely to do...
Long-term trend shows support around $12. Position Trade: Looking toward $20-$24
W.W Wave rider Long @1.18500 Sl @1.17700 Tp1 @1.19450 Tp2 @1.20200 Happy about every feedback or Idea :) W.W
S&P 500 SPX500 Short Position Update Lowering stop to 2588.7 on short to 2588.9 (to break even if this trade goes wrong from here), but still looking for 22-23 points downside to 2578-2576 from 2589 entry point if right.
Looking at a potential scenario here over a position trading timeframe (weekly) on XAUUSD We seem to be holding a relatively key Fib 'area' on the W1 chart at the moment (38.2% & 61.8% of the recent upwards moves) - with this in mind I'd like to see a continued rally in this metal to hopefully re-test the highs of last year and if we can break above then...