Ides of March are upon us. Leveling come March 4th, known reality March 14th. "There must be some way out of here Said the joker to the thief "There's too much confusion I can't get no relief Businessmen, they drink my wine Plowmen dig my earth None of them along the line Know what any of it is worth" Words from the poet and prophet ~ Bob Dylan
After a series of bears taking over in the past few months one can say we are now nearing at a point where things have to change. However things won't just change at an instant, UsdCad reached the monthly demand not so far ago but it is still hesitant in going to the up side thou logically one would expect it to be. In the past 3 days UC has been dominated by...
I believe the Bitcoin price is looking very bullish. The bottom seems like it is in, but I will wait for confirmation before entering a swing long trade. If the price moves above $52,500, I believe the Bitcoin price will continue upward to $60,000. When I trade I keep the bigger picture in mind and scalp the lower timeframes. Up or down, it doesn't matter because...
The DOGECOIN price did dip to near $0.04 support to tap into liquidity, in my opinion. That Gann Fan is no longer significant but I have left it on the chart for illustration purposes. Up until now, support @ $0.040 has held strong. I believe the price is just consolidating before continuation upward. Remember that market makers need time to fill up their bags by...
We saw price break below the horizontal support during the Tokyo session but price is back above the support, I hope none was caught in that bear trap, we can simply start place our buy stops. Remember risk wisely
Today's TA will be similar to yesterday's. The pattern appears to be changing again. It is possible that this was just a 3-day retrace, it is also possible that the price is just temporary bouncing back before it crashes further. If history thought us anything - cryptos price can plummet without any warning. The current situation looks awfully alike Jan 2018, when...
The pound has been incredibly strong against the dollar through early 2021 and it has peaked out at 1.42418 following some sharp downward momentum. Here are some potential reference points for this week as well as some longer term POI's that might come into play in the near future. The Pound's rate is at a similar level as 2016 yet interestingly enough the US 10...
Looking at the btc/usdt 1h chart looks really bullish there is a high chance that reversal could be happening anytime soon however i sincerely would like to see the 44k support hold in case of a further correction otherwise more downside potential is likely none of this is any financial advice do your own research.
Looking at the btc/usdt 1h chart looks really bullish there is a high chance that reversal could be happening anytime soon however i sincerely would like to see the 44k support hold in case of a further correction otherwise more downside potential is likely none of this is any financial advice do your own research.
Short Term Trend: Bullish. Price Action Signals: none to note recently. Potential Trade Idea: We are considering trading longs after a retracement in prices AND from a Bullish Price Action Signal on the 1 hour, 4 hour or daily chart, whilst price remains above the $57.36 short term support level.
Hi everyone, I have decided to focus on swing trading for now. It was my original goal and I've been too busy (+need to learn a lot more) to properly do Day Trading. So here is my BITFINEX:BTCUSD analysis for today. *Patterns:* If what I am seeing is a channel (pink and then pink+blue) it is getting narrower. That means things are probably going to...
Silver USD is looking super bullish on the weekly. Currently forming a bullish cup and handle with resistance at $30. The next Fibonacci resistance aligns nicely with the measured move from the cup and handle pattern, and would take us to about $34.50 USD. This region for me represents the final gates to open the real bull market in silver, as we did not spend...
When we tapped the bottom of the previous channel we ripped higher, not sure this is the same. But intriguing none the less.
It looks like Total 2 was retesting the ATH from the 2017 bull market. We will move higher from here. Happy Trading! :D Indicators: None Like, comment feedback, and follow!
From the weekly price looks strong yet the weakness is seen on the 4hr and as always I’ll be giving you the missing pieces the WHY so we can understand the story of what price is saying and hopefully well make better trading decisions as well start using probability let firstly let me explain why this is so important. We as traders or retail traders never look...
I'll start by saying that I am not a financial advisor. I am not a financial expert of any sort. I don't know the workings of Bitcoin (BTC) under its virtual hood. I also (as of this writing) own no cryptocurrency, but I have previously dabbled in the market. Having said that, after publishing this, I'm sure some of you, smarter than me, will tear this logic to...
Apple is developing a textbook VCP pattern since Sep. Trading volume decreases with contraction in volatility. None of the dips are making new lows with significant volume. Short-term MAs are moving sideways whereas the long-term MAs are in a clear uptrend. Good time to consolidate a base while waiting for a breakout
I believe the price seems exhausted. I believe that failure to get above resistance and establish support at $57,500 would result in a dip down to the support area $52,363-$48,688 Please do your own analysis, responsibly manage your risk, and stay safe. My overall bias of the market remains bullish. I believe if a dip occurs, it would only be profit taking by...