Hey Traders! 👋
For Day 27/100 of our challenge, we will look at GBPJPY for upside potential this week/month
Technicals:
- Overall uptrend
- Breaking into a new high
- Currently in impulse phase
- Expecting pullback towards 174.0/5
- Targeting daily key level 176
- Idea invalid if 172.6 breaks
Other technicals:
- Seasonality forecasts more upside this month
-...
NAS100 maybe a long move upward taking out BMS and targeting LP, We expect price to bounce back at trend line level for a masive sell(RETAIL TRADERS) OR refilling the IMB gap above the trend line then takes a deep bearish movement
If you check at least 3/5 on the below we might be in the right place.
1. Depressed
2. Tired
3. Stressed
4. Scared
5. Out of money to buy more
I do not know about you but I have been through all of the above over the last 12 months! I made tons of mistakes no doubt about that! BUT i wIll not make the biggest one, panic sell at the bottom or in the first...
Coinbase premium has significantly dropped to the negative territory. With more institutional traders on Coinbase and more retail traders on Binance, the Coinbase premium over Binance’s BTC price has been a good gage of the institutional trader sentiments. Institutional traders have been willingly paying premiums throughout the past 2 years of crypto market boom...
Some similarities between 2000 vs 2022
1. Before reaching ATH the index did a very sharp decline of 33%
2. It took the index 17 bars to reach an ATH vs 20 now
3. Found support on 40SMA after 9 months from ATH vs 7 now
4. Mass retail participation
5. .com mania vs crypto mania? (did luna just popped the bubble?)
6. Interest rates were falling back in 2000 vs...
The relief rally in the crypto market throughout the last 2 trading sessions has definitely brought back a certain degree of positivity among the bulls. However, the price is currently heading towards an area where we have both the downward sloping diagonal resistance (blue line) of the current downward channel as well as the horizontal former support, now...
I look for 3 major signs in order to initiate a long term short position
1. BB Cross ...
2. RSI Cross ...
3. Macd Cross ✅
Things however do not look good... February & March are key for the rest of the year.
To be honest the party was awesome and it lasted way too much and went way too high what else do you expect?
Bad signs to take into consideration:
1....
Hey guys, here is what I am looking out for from BTC over the next 30 days.
This idea is based off the Wyckoff accumulation pattern. It's a classic retail shakeout tactic where institutional investors fill or their cheap BTC orders while we sell low and buy back high.
BTC dominance is starting to trend higher so Alts will likely get wrecked over the next 30...
Everyone is still holding and remains bullish about wish future. As i see it now although i previously thought that the bottom was around $4.70 i expect a last gap down movement with an rsi and macd divergence. Upcoming results will be loaded with all the "bad" numbers so the the new CFO and management can show some improvement towards the next Qs. Retail is...
Good Morning traders!
I hope you had a great weekend.
Mine was busy, just like the crypto markets. However the more they change the more they stay the safe. Price continues to be held EXACTLY at the area I highlighted, this is because we the market respects the areas filled with orders.
Currently I can see 2 options for price movement.
Orders are protected and...
Good morning traders and a happy weekend to you all!
Today I will just to a small update recapping on the posts through the week.
What did I say-stacked orders from retail traders are easy to see.
What happened? stops were swept and then orders were protected.
The market is fractal in nature and retail trader psychology is predictable, start looking past the...
I do not want to get into details about fundamentals etc we all saw wish quarterly results but with some much retail in this stock i was expecting a huge decline, the fact that retail investors all over the web are so pissed about wish and start panicking and exiting their positions is a + for me as i hold a long position.
Now there are some interesting things i...
