After BTC managed to pick up the Weekly Pivot, the Daily R2 is new support, whilst R3 could not be reached yet simply cause it found some resistance at the break-out level to go for a bullish higher-high, that comes from the "H6" where the Adam and Eve is still on track, picking up some volume. $10k important psychological border. A little retrace would be...
From the movement of BTCUSD during the past week, Support(Green), Resistance(Red) and an Ascending Channel become clearer.
For Bear, a good policy might be: Waiting, Trigger Short trade when Bull enters the resistance and becomes exhausted.
For Bull, at the same way: Waiting, Trigger Long trade, when Bear enters the support and gets valid support.
This ascending triangle on the XRP mkt cap chart indicates a bullish sentiment of increasing market cap is on its way. The accumulation pattern, regardless of where it forms, is usually a signal of impending bullish movement. The projected market cap target is equal to the height of the height of the triangle, which is equivalent to a 10% movement. Upon...
I FOUND A NICE BEARISH WOLFE WAVE AGAIN.
IF YOU FOLLOW ME, YOU KNOW I LIKE WOLFE WAVES AND INTRODUCE LIKELY WOLFE WAVES.
IN THIS EXAMPLE I SUPPOSE YOU TO TRADE A NICE BEARISH WOLFE WAVE. YOU SHOULD ONLY TRADE, IF BAR SHOWS AN IMPULSE DOWN AND BREAK THE LINE BETWEEN 1,3 AND 5.
IN ADDITION, THE GREATER CHART BEHIND DAILY CHART SHOWS A BIG CORRECTION WAVE. THIS...
BINANCE:BTCUSDT is trying to break out the 9680 resistance.
If breaks then:
1st resistance: 10194
2nd resistance: 11070
3rd resistance: 13140
These Resistance Lines are in TF 4H and base on Alfresco indicator.
The market was just moving up for the recent candles.
Now it reaches the next resistance level.
We expect the market to pull back.
We recommend to sell with a risk-to-reward ratio of 1 to 4.5.
But wait for the reversal pattern :)!
Thanks and good luck!
If you want to be a successful trader you have to learn to read the charts; price action reflects psychology behind the market, once you understand that you'll be one step ahead in the game.
This particular chart is a textbook example of support and resistance generating price structure: $180 was a resistance threshold at first and once broken is being retested...
XAU/USD has formed a double top! if 1525 and 1530 hold then the weekly support of 1450 will be hit long term. Yield curve and U.S. market has caused price to fluctuate but the bank's are still gold fixing at a lower rate. China has purposed restrictions on gold imports, thus, a need for more banks and institutions to buy more gold. Institutions will not buy at a...
Welcome to Fxtradingservices, we provide signals and services to our costumers. After hitting the 1.72000 handle which was a strong resistance level now we can see a possible re test of the previous high. Not a great time fundamentally for NZD as RBNZ decide to cut the interest rate of 50 basis point.
BULLISH ABOVE 11,504.60 USD
11,962.70 USD (+0.98%)
12,330.20 USD (+4.09%)
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on Bitcoin - BTC/USD as long as the price remains well above 11,504.60 USD....
Bitcoin has been volatile and without clear direction since falling from its local high of 13800~. Anyone who has paid attention lately is aware that BTC has formed a steady upward-trending support, and has been rising throughout the last week on low, but steadily increasing, daily volume.
The bulls might have pierced this channel briefly, but they failed to hold...
Looks like Bitcoin is unable to break the $12,000 mark. Based only on Coinbase, there is a wall of at least 150-BTC at the $12,000 mark and the buyers are thinning out. If Bitcoin keeps playing between $11,700 and $11,850 buyer confidence will be disappear. Oscillators are neutral, and shorter time frames are showing sell. Watch out, once it goes, it goes fast. If...
Point no.1-Support– Look at the downward sloping blue line is acting as a support. 3 times the price reverse price from this area indicates strong support.
Point no.2- Resistance-Look at the downward sloping red line is acting as a resistance. Now the price is facing the resistance. Before that 2 times the price reverse from this area.
My Idea On EURNZD .
EURNZD potential collapse since the price has been rejected on daily resistant and DownTrend Trendlines.
If Price fail to close ABOVE 1.70300 it will likely to go lower.
INVALIDATION LEVEL IS AT 1.70700
Wait for pullback before ENTRY.
Take-profit on nearest support.
This is just my opinion on EURNZD .
Trading foreign exchange carries a high...