Technical Analysis
Why I am still HODL'ing CULT DAO from a Technical Perspective!Traders,
Many of you might be surprised to know that I have continued to HODL CULT. I will show you why I have done so from a technical perspective as well as show you what would cause me to sell.
- Stew
35k BTC in June? The Bullish and Bearish argumentsBYBIT:BTCUSD
Can we see Bitcoin reach $35000 in June?
Or are we going to break down at the current levels?
There are arguments for both sides:
Delta is looking positive and we have reclaimed a previous Lower high. If we reclaim the Lower high at $32300, we could see this as a sign of strength.
Volume is decreasing while price is increasing. This could signal a reversal.
BTC has broken out of the $30500 resistance area and is looking to reclaim the Value Area High for the range, but TPO and Imbalance charts might be showing us what is ahead.
Have a look at the video for an in depth analysis of Bitcoin.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
Could we see Oil retest 122?Thanks for stopping by. We hope the community is having a lovely Friday. Today our focus is on USOUSD (Oil) as price finished yesterday’s session with a commanding reversal bar. After trading over 2% lower, buyers not only took hold but ended the session with a solid 3.83% gain.
Yesterday’s session appears to show that buyers are still very active, and for now, price is not comfortable trading below 114.77. The move maintains the current trend, but we want to see further confirmation to suggest that the trend is set to continue.
If buyers can reverse today’s selling and beat 119.50 minor resistance, which also holds yesterday’s high, we will then be looking for the current trend to continue with a possible new test of 122 or above.
A failure to break yesterday’s high and minor resistance in today’s session could be seen as a small warning to buyer strength.
Good trading
How To Analyze Any Chart From Scratch - Episode 3Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on SILVER, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous two episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD READY TO BOOM?Gold has rejected 1796 within last week and it seems it was the turning point for Gold to start a strong bullish trend.
Is it going to break all time Highs?
Technically Gold is testing important resistance at 1852-1856 atm. If it breaks this resistance today, we can expect gold to test 1870 and then extend its move to 1885 respectively. On the other hand, if gold reject 1856, I am expecting gold to rebound to 1830 and then to 1810 where it should adopt the consolidation for a while before making any major breakout.
Another thing that is driving gold atm is Dollar Index. DX is testing an important support currently after a few back to back bearish candles on H1 timeframe. If it rejects the support and continue its bullish trend back, there are more chances that gold will be bearish in coming US sessions.
I am more biased on bearish move but considering the other possibility aswel, I am using a strict stop loss for my trade.
I'll be sharing my trade idea on my channel.
WHEELS Looks good for positional trade.Aim for 10-20%. It can be easily achievable in 5-10 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
But you can also book your profit of only 5-8% because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
DEAR GBPJPY 🤪This is GBPJPY on the 1H timeframe presently trending upward and was complemented with a trendline, and an inner trend was also spotted pushing upward to a supply zone forming a confluence with a fibs retracement of 61.8% for a possible SELL
WE REACT TO WHAT WE SEE
WATCH OUT
1. Bearish candlestick activation on the supply zone
2. Market Behavior (for validation or invalidation)
3.61.8% Fibs confirmation
4. Patience
Kindly, like, comment your thoughts, and follow for more content🙏
How To Analyze Any Chart From Scratch - Episode 2Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on XRP, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
How To Analyze Any Chart From Scratch - Episode 1Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on USDCHF, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETHEREUM BREAKDOWNIn this video we can see price is overall at support and currently consolidating at that formed zone.
I would look for buying opportunities until price shifts and gives us another sentiment. However do not just jump in and risk your capital for no valid reason, let the market play out and follow the money.
Will update as time goes on, stay tuned!
Good Luck.
God Bless!
APE Coin - Caution Here! H&S Spotted on the 4hr.Traders,
In my last post I was extremely bullish on APE coin. I had a target of $20+ and we reached and exceeded that target easily. If I was in that trade, I would have sold ALL and taken my profits at that point.
I continue to receive requests for my analysis on this coin. Unfortunately, you all are prolly not gonna like what I have found here.
Let's jump into the charts!
- Stewdam.us