Hello Team,
Currently Bitcoin is between a support & resistance level. For us we will not be placing trades within this range.
- If the price breaks above the resistance we will look for a buying opportunity.
- If the price breaks below the support we will look for a selling opportunity.
Patience is key, let price action tell us the answer.
Watch this video for a full breakdown of AUDJPY. Valuable knowledge with full trading plan and points to trade off of. Don't miss out!
Ace Trading Academy
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Watch Video for an update on AUDJPY! All trading zones are explained and a potential retest trade is described with the Fibonacci tool.
Target Areas are also explained!
Ace Trading Academy
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AUDJPY short opportunity. This week AUDJPY has made a turn to the downside breaking structure and making major bearish moves. Since AJ has been taking out all of the lows we could see it keep pushing toward the downside to sweep the rest of the lows.
Target 1: 93.125
Target 2: 92.500
Will continue to stay updated with this trade so follow here.
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AUDJPY recently has been respecting a support line drawn up in the chart as a red arrow called 30 min support. As seen on the chart AUDJPY has broken below the support line and has also given us the retest also. The next step for execution would be looking for confirmation of a sell signal such as a bearish engulfing or a break below the 93.550 point label as...
AUDJPY broke over the 2HR resistance and is showing signs of a retest up to the imbalance(yellow box) at 94.300.
Looking for a move around the black bubble to bounce back down as a resistance or to push through to the next level at 95.000.
In this week's video, we went through each time frame of AUDJPY and reviewed last week's chart markups to compare to what we are seeing now. We analyzed Weekly all the way through 4Hr marking all the possible trading zones.
Video Summary:
Weekly: Saw the weekly support line which we turned into daily support for more accuracy. It's the red line holding up the...
The 2-year long-term trend of #Bitcoin until 2024 and the possibility of a drop to $ 14,000 in #November and #December 2022 and then the end of the fall and the beginning of the 2-year wave of growth.
hello guys for this little analysis i made i used the fib retracement this is for long term holding not for scalping i used the one day frame as you can see the price is at the golden area 0.6 . it mean the price already lost 60% from the last ath ; it a very good entry point but the market is still messy no one knows where we're heading . i also used the rsi and...
As a professional trader, I have been lucky enough to have been buying Bitcoin since 2011. Here's a post showing what I have seen this last year, which to be fair has been amazing to see first hand.
I remember the buzz of trading penny stocks 20 years ago and crypto seems to have brought that excitement back for many! However, for Bitcoin this year has been...
Bitcoin is at a crossroad, but which path will it take? This will depend on you. Which will we see first, 10k? Or 100k?
I know I know, we want 10k so we can enter with minuscule risk and 10x our bags when we cross 100k, but that would be too easy.zzzz. Or would it? Would you buy a bloody Bitcoin that just crashed 50% from 32k to 16k? Easy yes you say? 50%...
I posted a quick update stream this morning for ETH & XRP. Yesterday we covered BTC in a bit more depth.
Here's the link to the stream www.tradingview.com
Ok so breaking down the basics, we had an Elliott count making this move a major 3 and having a deep correction.
If you watch the stream - you will see the XRP and ETH correlation to each other and to BTC....
Consolidation around 1.2000 has given way to the anticipated break higher, with rising intraday studies prompting a break to the 1.2035 Fibonacci retracement. Daily readings are also positive, and weekly charts continue to improve, highlighting a more robust tone and extension of March gains towards the 1.2115 retracement. Meanwhile, support is raised to...
