I would be more interested if we see some wide range candles, indicating capitulative move. This 9 candle is weak. If next week is a 9, then I would look for daily 13. An aggressive trader would look for either Aggressive sequential and Aggressive combo 13. I doubt we will make sequential or combo 13 when we have done such a steep move down, but it can...
Analysis based on TD Setup/Countdown and the resistance levels that form once a setup is completed.
It's extremely rare for trend resistance to be printed on a weekly BTC chart. This is the 5th time in Bitcoin history one has formed. This chart measures how long it took us to break previous resistance levels once they were formed.
For a Short term analysis, price was aggressively defended below the support area and back to accumulation area. Before determining the next major move, price need to start moving outside this area. Price will now seek liquidity zones and expected to go up to 1.22400. It's a good opportunity for an intraday trade.
GBP CHF - Short - Will sell this pair off off the double top from EMA 800 once candle closes as a hammer.
- The hammer should either doji or close red if i am to take it but this is a clear double top off of an EMA if i do
- Because this pair is currently in bullish momentum i will manage my stop and tp since it...
GBPCHF Short - Pins off 200 ema giving clear easy entry with no draw down
- Entry at top off 4th 5th 6th or 7th pin
- RSI bolinger breakout hook back in entry along with RSI (green) Signal line (red) cross entry
- Exit TP @ RSI bolinger breakout hook back in.
- TP 2 non...
USDJPY Buy - Entry off of double bottom formation with divergence and TDI hook below 32.
- Stop loss below the formation by 10 pips
- Entry at RSI (green) Signal line (red) cross
- Divergence on TDI
- Bullish cycle
- Exit TP 1 @ days initial high
$ES closing at (not above) its daily TD Resistance Line, which is in line with the volume PoC of the drawdown from peak to trough of the selloff.
A higher high on the 8 or 9 daily would give a Perfected TD9 sell signal.
TDI Cross on the 30 min chart with a falling Market Base Line.
MACD has changed colour alongside this and when you consider the bounce of pivot we have a short set up as long as the candle closes with TDI Cross
USDCAD short - looking for the short as it bounces of R3 to the downside. Also bounced off a support from 1st-5th April 2020.
A nice TDI hook from above with a flattening market baseline suggests a turn in sentiment. Furthermore, shorter term EMA cross to the downside confirming.
Descending wedge on the day charts forming nicely. On a 4 of 9 in the sell setup. Looking to take some profits at 193sats and 200sats depending if we get a 9 or not. Will have to see how market plays out as the situation in the world is very unpredictable at the moment.
Weekly TD count showing us that ltc wants to test 137.
Bitcoin is showing the same.
Time for crypto to resume major uptrend?
I am not a financial adviser. This chart is just for fun. Trading/investing in crypto is very risky. Do so at your own risk.
You need to focus on market sentiment. When price and market sentiment move together, you have a higher probability for a successful trade.
There is one particular indicator that can pull and consolidate the market sentiment for you. It is called the TDI indicator.
The price is overbought for Bitcoin as the TDI indicator is showing signs of it. Therefore, it is possible to see Bitcoin selling soon. The red signal line on the TDI indicator is getting close to the green price line. Be on the lookout for a sell soon for Bitcoin soon.
By the looks of the support being created, it looks like NZDUSD will be a buy coming towards to week. This is a cause of NFP's news from last Friday as it began to short. Therefore, we could expect a buy this week for NZDUSD.
I've been watching $TEVA for awhile now and finally it is hitting my first buy target.
Both the Daily and Weekly are showing a TD 9, however the daily did break the TD resistance line.
Furthermore, the RSI, CMF, moving averages, stoch, and current bearish candle all point to $TEVA moving lower.
I'm going to enter half of my position size in now and wait for a...