Hi there fellow traders,
We hope all of you are well.
W just wanted to share this possible weekly sell for bitcoin/usd.
With bitcoin setting a new ATH of various exchanges, we could see some downwards action in the coming week.
Hi There Fellow Traders,
WE wanted to give you an update on VET/USD
still running nicely after the signal was given a couple of days ago.
Again a clear example of why our indicator is such a powerfull tool.
Possible pullback to 1.1887-95 before further up. Will watch for reaction at that level for entry.
Upper resistance we have 1.19080(now support), 1.1934 (is a strong resistance zone so rejection is a shorting opportunity). I expect 1.1961 to cap high of day as it is a strong resistance zone, if not we have 1.1981 above.
Below, if 1.1887 breaks, support are at...
Upmove continues, thus I shall stop my bearish view (on Twitter). My view means nothing, just follow my trade plan and you will do fine.
Based on price action, I do expect a re-tests of 3616 and even 3588. That is only healthy. But market doesn't care so blindly buying is the good thing to do.
My bias zone is at 3638-41.2. Above R are 3664, 3673-77 (strong R...
Sellers failed to bring #SPX lower yesterday. It is approaching a critical level but bulls has advantage because monthly, weekly trend is up. Sell has to come sooner than later. If not, it is just a bull flag forming.
My blue zone is 3607.2-10.6. I have shorted on break of this, below targets are 3588-92 support (yesterday's low), 3566, 3542 and 3522 should cap...
What is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
It is pretty amazing how they can release vaccine news one Monday after another, and the market just spike up (prob due to algo) like that. Interestingly it happened after Presidential Elections, I mean Trump is like boasting how much he did to help USA with the Covid isn't it? But yet this news came later. Are the CEOs of the 2 companies Biden supporters?
Late post today. Selling occured in Asian session but buying up now in European. Based on price action, price is still quite in an uptrend so tough to be bearish. We need another sudden sellling wave to come but momentum seemed to have slowed for now.
My blue bias zone is at 12177-87, which we are now still above it. H4 looks...
Mcdonalds is showing me a couple of different reversal signals after breaking yet failing to break and hold above a key resistance level.
Signal #1: Descending Triangle. I'm watching for a continuation of lower highs and if it breaks below the triangle we will have a new lower low.
Signal #2: It's approaching the 50EMA. I will be mindful to watch...
Yesterday was quite a quiet day for gold, my trade plan nailed the top ()
Today is holidays so expect another quiet day.
Based on price action, I am looking at a possible higher move before a strong sell.
My bias zone is at 1823.25-24.95 and 1816.3-17.19 is...
Rotation continues with #NDX below 12060-80 my key level, while #RUT continue to shine. Not sure when is the next rotation back but probably shorting #NDX is the safer short to do now.
My blue bias zone at 11910-22 strong level.
Bullish above, with resistance at 11940, 12018, 12068, 12110. If price hits 12210-20, it should offer low risk sell evel. 12068 will...
Rotation seems to be the workings these days. We have divergence between #NDX and #SPX, one day #NDX is strong, one day #SPX is strong. Why does it not rally together? Lack of money in the market?
With yesterday's closing, bulls seem to be more in charge. 11920-32 is my blue bias zone for today and price just bounced off it and is above. I still have the longer...
Yesterday was a lackluster Doji day. I said it multiple times that the bears need to take this down earlier than later, and this week is better than next. Price still above 3510 which is good for the bulls.
Today is #OPEX, supposed to be volatile day, and let's see if we will get a resolution today.
Bias to downside below 3566-71.1, targeting 3555.1 and 3545.7,...
Yesterday was a ranging day, hitting the highs and lows but trapping both buyers and sellers. But I would say #DAX30 is probably stronger compared to #NDX #SPX #FTSE. Price above my support zone so bias is to the upside but with the consolidation either way is possible. Price is probably preparing for a big move.
Bias to the upside above 13130, targeting 13190,...
Yesterday's 12060-82 sell from open provide the best trade. And multiple shorts off 12060 gave good profits. Now we are lower, but #SPX #ES_F is not. Same plan for today, be bearish below my blue zone. But sell needs to come soon if not the bears have to go into hibernataion.
Down side targets are 12012 (now resistance), 11948, 11922-32, 11877.6-84, 11804-16,...
I have tweeted many times about the importance of this level. We spent so much time at this level and now price is below.
Below targets are 1873.56-76, 1857.20. 1848 recent low should cap low of day. Below this is 1836.6.
If price rallies above 1893.52, we are looking at 1897.2, 1900.02-01.4 resistance zone and 1906. 1921.2 is another strong resistance which...