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when to Buy Eur/usd 1h in bearish trend ?After the price break the support level of the Symmetrical Triangle ,the price retested going back to the ex-support level and continued the bearish movement , what i look into now is a congestion price range before go on the bearish movement , and the stocastico still in overbought and its about to cross and getting out of the overbought zone,another confirmation is the body of the candlestick of 1h time frame , it's noticeable the following doji candlesticks that reflect the weaknesses of the bearish movement ,conclusion we will have a small bullish movement (it will be a congestion pattern) before the price keep pushing down,for scalper can enter a long position but me as swing trader i will keep my short position open. Note :i share my opinion with other traders to have many ideas as possible so they will be able to predict the next price action,so please don't open any position based on what i post, share with my your analysis to grow together .
by Teodorablackcat
#BTC/USD Below $6800 or $7400?Hello everyone, Welcome to this quick Update. Although I am not trading this chart right now until we break above $7200 successfully. I would like to share my views on the current chart. I expect BTC to hold this green cluster of support. If it does, a rally towards $7400 is highly likely breaking the first resistance around $7200. I don't think this support could break easily besides we have been trying to break 7200 since the last 6 weeks. Important Support: 1. 50D MA 2. Black Support Trendline at 6900. 3. Long term Support : $6820 Resistance Levels: $7200 $7390 $7590 $8300. BE CAUTIOUS WITH YOUR TRADES. Use Stop Loss always... #Peace
BITSTAMP:BTCUSDLong
by Cryptorphic
LINKBTC Bearish Divergence| Structural Support| .618 Fibonacci Evening Traders! Today’s technical analysis will focus on LINK’s blue sky breakout that currently has a probable bearish divergence at play. Points to consider, - True blue sky breakout - Structural support (S/R flip) confirmed - .618 Fibonacci in confluence - RSI diverging from price - Volume nodes below average LINKBTC has been in price discovery mode where there is no established resistance; this can be reflected by the VPVR. The structural support has been tested confirming the S/R Flip. This level is also in confluence with the .618 Fibonacci – only if current local top is in. RSI is diverging from price, putting in a lower high whilst the price puts in a higher low; this is a sign of topping out. The stochastics in currently projected downwards with lots of stored momentum. The current volume nodes are below average after initial impulses, signalling a potential climax in buying. Overall, in my opinion, LINKBTC may have put in a potential local top; a retrace to the .382 Fibonacci is the next logical target. If this level fails to hold, then a second retest of structural support comes in at play. What are your thoughts? Please leave a like and comment, And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore
by The_Alchemist_Trader_
3
Resistance up ahead for USD BullsI have been Bullish on the #usd for quite some some time. Recent Economic data out of Canada was not great and market had to price a lot of that in. I now however feel that a correction/pullback is on the cards. I will start looking for shorts once we reach the supply zone and we have candles with long wicks to the top i.e Evening start formations. Trade safe, please like this post and drop a comment if you share the same sentiment. Go follow me on Instagram @ChrisDicks_tritrading Join our free Telegram @ttrffree From the Tri Trading Team.
UShort
by CHRIS_TriTrading
GOLD CUP AND HANDLE PATTERN:- LONG OPPORTUNITYThe other day I posted a USD/CAD cup and handle pattern that we expect to push the pair upward and I thought I should just post this here to show you how the pattern works for those who do not know. This GOLD with another opportunity to go upwards to the level of 1600 and this is based on the cup and handle pattern that created a strong opportunity bullish to the levels that Gold is trading at right now. Check it out and enjoy your trading. Remember to use well thought out risk management strategies.
FOREXCOM:XAUUSDLong
by maybacapital