I'd love to join the moon party with you all but I'm still bearish until we break 13200 :(
Since the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders. Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since...
As expected BTCUSD fell down into wave (c) a third leg of decline that we have been talking about a lot in our past updates. Wave (c) is a motive wave, so it must be made by five subwaves before we may even consider that correction is finished. Well, if we take a look at current price move on BTCUSD we see very slow structure, thus it’s probably just a wave 4...
The power of price structure: previous resistance is now support. Pretty much lines up with .618 fib retracement level, so a bounce from here could be in the cards. Projected target is 100% fibonacci expansion (or ABCD pattern completion).
i personally always believe on structure.. and that chart shows good risk reward... and now im waiting for divergence.... but remember it needs spike, to go down....
As price is declining to test the area for Demand, we shall wait for a candle reversal stick pattern before an entry. Min Risk to Reward is 1:3. SL below Demand Zone.
Completion of pattern is at 88.6% Targets are 38.2 and 61.8 Stops above X
Bitcoin absolutely smashing through this resistance. Starting to give some nice structure to use technical trading with.
I'm not sure if I've ever shared a higher timeframe chart here on TradingView, but something that i do at the start of each trading week is a simple Daily Chart analysis, where I lpook at key levels in the market and begin to set up my overall theories for the week. Akil
Had a very nice conversation about this pair with one of my clients last night and wanted to share this morning now that not much has changed overnight. There are 2 setups on this chart one was a double bottom which can now potentially turn into a 2618 opportunity at MINOR structure & the second is a potential AB=CB pattern with fibonacci confluence that can...
Not much to say other than the fact that we could be setting ourselves for a big move down, following the trend. We can already see the pair forming a bearish flag so watch closely for the break down. Trade safe and do your own due diligence before entering the trade. For further insights join me at: www.valuedbusinessconsulting.com
Oversold RSI at Previous Structure R:R 1.63 TP at .618 Retracement
Looks like we have a valid bearish continuation pattern, and even though the trendline (light blue) has been broken I still don't feel like hopping on the trade, as we have a major level of Key Daily Structure just beneath. Therefore I prefer waiting for that level to break, retest it (by bouncing of the S1 daily PP) and then enter to get a better entry...
from price action recent big move to the downside it has pulled back into structure. in doing so has formed a bearish gartley formation. I am already live holding 2 positions. Entry was at 1.30156 stopps at 1.30347 1st Target 1.29862 2nd Target 1.29658
Let me start by saying that this is not something I trade. Price is currently trending lower. I have some areas marked as a potential entry point and then the levels I would look to take profits. IF price closes below 75.12 look out the turd could appear really fast. IF one wanted to get long I would wait for conservative entry such as a 2618 trade set up. the...
Here's something that we just took a look at in the Live Room, while watching Yeelen's Testimony. EURNZD (Which is a pair I don't trade, for those who think I trade every idea that I post) is has rallied toward previous structure highs and is now retracing back down into the previous pennant pattern highs. Although I wouldn;t be looking for a full trend...
As you can see price broke the upper line of triangle and made a new high.. This is classic beginning of uptrend. Wait for a reversal and enter near 0.76250. Target is 0.76780. Trade safe!!