Looks like BTC EUR is making a retracement back to the .618. I have pointed out what seems to be obvious support and resistance zones and what appears to be some solid stop loss and buy areas. I don't really have much else to say about this, I think the chart is rather self-explanatory :) Please comment and let me know what you all think.
Ok, renko looks bullish. need to break at 9450. Then we can see 10308 next target.
Just learning and sharing so I can get some constructive feedback on what I am seeing and what I am not seeing in my chart analysis. If you think I am insane, that's cool. Just be sure to tell me why so I can learn :) I am doing my best to keep things simple and follow solid trends and retracements keeping trading/market psychology in mind. I made this analysis...
I took a stab at using renko blocks for this analysis. It looks like this pair will be trending down longer an father than expected by a few analysts. I'm taking a short position for the next week on the expectation that this will fall to a previous support level.
EURUSD continues downward from its new year push hitting resistance from the start of December 1.109 levels. The price has pulled back a bit and I'm expecting it to find resistance at the 1.113 level before another push to 1.106 and lower. As shown in my graph, I'll exit with a Renko brick in the opposite direction that has a wick. The only exception is if it...
EURJPY has headed back up towards 122 with JPY weakness. As we approach 122 and 122.4 I will look for exits as we are hitting heavy resistance. Unless my indicator gives an alert, I will then wait for the dust to settle. EURJPY is one of my favourite forex pairs with 300 pips since the start of the year. Look out for the upcoming resistance and good luck!
GBP pairs has been a fun ride with all the Brexit news. We've been going down again since 1.33 with a pullback to 1.32. We look to repeat this with a pullback towards 1.31, before breaking back below 1.30 levels again. I'm looking too short again from any rejection between 1.31 - 1.312 levels. Good luck trading in the coming week(s)
After breaking through the 8k barrier, we've pullback and broken it again. You can see on the chart that it rejected off the 8k barrier which offered moderate support. I'm holding a long from 7900 and I'm looking at 8500 for any possible rejections. Good luck in the coming week.
After a nice 130 pip long trade. We've hit the infamous 109.6 level. I'm now waiting for confirmation. I'm expecting all sorts of bouncing between 109.6 and 109 like what we got in December. While I'm learning towards short, this could easily spike up to take out SL's at around 109.8 - 110 before heading down. Good luck to all those who entered at 109.7. I hope...
The 9th and 10th was all about trying to break above 1553 levels. On Friday after NFP we finally broke back above stopping out at 1562. Next levels of support are around 1569 and 1580 from the 6th January. Before heading up we could test the 1554-1556 levels from the 10th. With my trading strategy, I will exit on any Renko bars that have wicks opposite to the...
After the off the cliff drop from 65 back down to 59 within a day on the 8th January, we've been squeezing with a decent level of support at 58.9. A solid break above 59.3 should put us on track to reach 60.2 - 60.5 levels. After this we enter 61 and than 62 - 62.5 levels. My current strategy is to exit with Renko bricks that have wicks in the opposite direction...
Hello! While I was playing around with some charts today I realised that combining a traditional size 100 Renko chart with an Ichimoku Cloud on default settings (without the lagging span, that's pretty much useless) results in an incredibly powerful long term Bitcoin trend indicator that called the ends of the last two bull runs within 10% (2019) and 13% (2017)...
I would have said that I couldn't tell where tesla would stop rising and I still can't, but maybe I can suggest when to sell or short. Following a Renko chart, when the first, second, or third red bar occurs you can sell or short. On the second Green candle up you would have bought at 267 and still be holding. If you buy and sell based on the Renko you'll only...
Trying to get into Videos describing how I go over the charts using Renko and Candlesticks with a few Indicators in play. GBPUSD setting up for a huge move this week let's not miss it. Let me know what you know!
looks like there is strong support at 1510-1517 area monitoring that area first... for this week on important note: renko chart still not bearish yet... maybe up and down for couple of bricks?
Used the renko daily chart. Trendlines show XRP hitting $1 between February and July 2020, then $2 in November’20, if price stays in the range of these channels.
Renko filters all the noise out. Current daily, weekly and monthly renko bricks are ALL red. Add to that, this year, EURUSD missed its yearly pivot (1.17386) and didnt even retest it (heavy bearish market, missed pivots mark the beginning of trends). Long term, EURUSD is likely to drop to the next Renko weekly swing low, which corresponds to yearly MS2.