After losing more and more steam in it's rallye, Bitcoin is pulling back some now. Watch for the 57k-58k area as support. This should hold, if not, we might pull back to the 54k area. There hasn't been a big amount of short contracts opened on BTC yet, so this just might be a small pull back before we see higher highs. If you like my content, don't hesitate to...
Hi guys happy trading day today's chart will be explaining BITCOIN next move after yesterday's strong bearish push to the down side. Alot of people are panic about what is going on Bitcoin and here are some of my opinion 1)Bitcoin had a very strong push to the down side as on daily chart we can see a bearish divergence formed and for technical analysis trader or...
We are just setting on top of 50 % Fibs retracements !!! - Fibonacci retracements are based on the key numbers identified by mathematician Leonardo Fibonacci in the 13th century. Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. - In technical analysis, a Fibonacci...
Hi guys happy trading day. From the chart we can see that Audusd had been very bearish for the past two weeks and clear downtrend structure formed , hence for this scenario we had drew out fibo level and at 61.8% meet our key level that is around 0.73759 . We just have to do well planning on our trading and the best will come to us . Comment down below about ...
1)Touch the resistance several times! 2)Head and shoulders with a broken neckline 3)Pullback in support 4)Increased volume Warning: That is not a buy or sell offer, It is just an idea and has an educational aspect!
Bitcoin now are having a strong pullback back to our fib level of 61.8% and bullish candlestick formed and base on my prediction on bitcoin movement from previous move , based on my analysis it will continue to run up another 13% which will be ALL TIME HIGH for BITCOIN!!! . We wouldn't be always right in the market all we have to do follow our risk reward ratio...
MACD is having bullish cross over and RSI is in oversold region re testing 100SMA on 4H chart. mid term target : fib extension 1 = 0.0190 long term target : fib extension 1.618 = 0.0230
My Trading Plan on USD/CAD. #Short I'll be looking to Short USD/CAD around 1.26350, with Stop Loss 1.26720. The Risk/Ratio is 1:8. USD/CAD is very likely to give good bounce back up before continuing the Bearish Trend . Note: Do your own analysis before taking the trade.
~After the amazing impulsive move to an ATH we came back to the 61 fib line which is a great pullback and a healthy one. ~we are in a wedge rn and are looking at a breakout next week ~~Bull flag highlighted in white looking hella fine, hinting at a breakout happening for the bulls ~Red zone is SL ~Green zone is take Profit max ~white zones in between will be key...
Hello everyone. After a strong continuation of bullish uptrend, Nasdaq started to take a break amid rising VIX and US 10 year yield. Early this week, I wrote an interesting post regarding VIX and I found it kissed my control high zone marked fell down as below. That eased the pressure on the tech-heavy index. Technically, I marked a 200-point wide zone on...
Hello everyone. Tesla has been up by more than 120% since May. The news that Elon Musk sold partial shares triggered the recent sell-off . Price has dropped by nearly $200. So, put aside the fundamental part, what's next? Technically, the gap formed on the daily as well as weekly made me excited. On top of that, we got a small base candle which looks a...
POW reversal strategy in use for this trade a AUDNZD short. Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full...
Potentially breaking out of its month long consolidation period, price could retest previous support and turn resistance.
The DXY has just broken above a previous level of structure resistance & there seems to be a good amount of open space before it reaches the next level. If we can get a pullback into the previous level of resistance that we would look to act as the support, it would offer the opportunity to get involved in a bullish continuation trade. Akil
I think we see little pullback in this trend. We're going to touch last hights before we make another ATH. Im bullish with DOT but always we need pullbacks. Thats how we can grow bigger. SL = HH + atr TP = Previous hights
Contract - CME_MINI:NQZ2021 - PR High: 15996.50 - PR Low: 15976.00 Evening Stats - Gap: = N/A - Session Open ATR: 205.78 - Volume: 34k - Open Int: 259k - Trend Grade: Long - From ATH: -2.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 16391 - Mid: 16105 - Short: 15819 Keep in mind this is not speculation or a prediction. Only a report...
Third time is a charm, I originally thought we would see the sell off after earning as we see the impact of inflation but market didn't seem to care and we had the options gambling mania pushing stocks up parabolically. I don't really get why the inflation number that came out shocks anyone given the expenses reported in everyone's earnings rose sharply and Petrol...
W1 - Price is bouncing higher from a key support zone formed by the 100% Fibonacci expansion level of the first wave. Bullish divergence. H4 - Bullish trend pattern. Higher highs. Bullish hidden divergence. Until the two strong support zones hold my view remains bullish here.