HI Folks, As you know I really love and enjoy spending my time doing Technical Analysis on Crypto and soon on Forex... It really has become my passion.. And YES even when I lose. I started trading in the midst of the Bull Run of early 2021 so everything I bought turned in to Gold.. And then BOOM.. Lost almost everything.. A lot of people become disappointed...
Goodmorning Folks, NFT's going strong lately so will THETA be.. I have done my due diligence on THETA and appreciate what they stand for and what they do and want to achieve. I strongly recommend reading about it and do some research on. On the daily chart we have a Bullish breakout confirmation because price closed above the open price of the black candle.....
Hi Folks, I always say when you take a position in a trade and you know why you took that position than it is a good trade. Even if it works out the other way. That is always a probability.. On the daily chart Polkadot/USDT is very bullish.... The Bullish Engulfing pattern has been confirmed strongly in a low price area.. The RSI is around 40/42.. and the...
Hi Folks, As trading is doing a lot of research I have stepped in to candlestick trading combined with western technical analysing tools. I find this really satisfying. You can see for example the Bearish Engulfing pattern in this XRP/USDT chart how reliable it acts. Where I put the blue flags are CONFIRMED Bearish Engulfing patterns. Be aware of the recent...
Hi Folks, Don't buy in to Dogecoin purely on the Technicals.... When looking at a daily candlestick chart you see a Bullish Engulfing pattern. That is bullish and nice. But that is representation bias.... When you scroll down in to the 4 hour candlestick chart we see divergence..... We see a Bearish Engulfing pattern and the candles after the Bearish...
Hi Folks, The daily chart of the BTC/USDT asset shows a beautiful Bullish Engulfing pattern. That is nice. That is bullish. But when we dig in deeper, 4 hour, chart we see bitcoin struggling in the form of forming high wave candles (long shadows). What I have learned is not to buy in after a bullish engulfing pattern like I did in the past and cost me lot of...
Hi Folks, THETA TOKEN a nice NFT. There are is some divergence. I tell you why. When you look at a daily chart you see a Bullish Engulfing pattern. That is Nice. When you look at the 4 hour chart you see a Bearish Engulfing pattern. When you look at the 2 hour chart you see a confirmed spinning top at a high price area. The price of $4.21.- it acts on...
EUR/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets...
Why Binance Coin Hit All-Time High (and $86B Valuation) Ahead of Coinbase Listing It's not equity, it's an exchange token. But it sure is mooning, apparently linked to the recent success of Binance Smart Chain. Why wait for the Coinbase listing of its shares on the Nasdaq? There’s already a way – in cryptocurrency markets – to bet on the world’s biggest...
Moral of the story, if you have a good entry and have conviction behind it - LET IT RUN. Too many time have I cut a trade short because of some bogus news, not sitting on my hand, or just not having enough conviction. If your confident and the price starts running, put your stop loss in profits. That way if the worst happens at least you made some profits. I...
Diginex Limited, a digital asset financial services and advisory company, provides products, architecture, and infrastructure for the financial markets in the areas of digital asset ecosystem in Singapore and internationally. The company operates EQUOS, a cryptocurrency exchange for the professional and individual investors; an over-the-counter trading platform;...
GBPCAD H1 - LONG Another way we could look to LONG GBPCAD is if prices find support at this level, showing us strong bullish momentum. After which, we could potentially play a limit order to catch a pullback trade as well. Same TP area, but with a different SL level. We will get to that again if this happens.
NZDUSD H1 - LONG Prices broke out of descending trendline and have yet to give us a pullback. If we do get a pullback onto previous structure or support area, look for BUY opportunities; bullish price action for a LONG position towards 0.72779 resistance area.
NZDJPY H1 - LONG Breakout retest where we are looking to buy at a support area @75.900, potentially creating the "Higher Low" that we need for a continuation of the uptrend.
Consistently making higher swing highs and higher swing lows. Take a BUY position at this area, potentially creating the higher low that we needed, in order to push towards the next extension level for take profit.
AUDCAD H1 - SHORT Double top formation into a resistance area. Look for selling pressure before taking a SHORT position.
GBPCHF H4 - LONG Prices are constantly making higher swing lows, eventually leading to a breakout towards the upside. Currently, looking for a retest onto the support area where we will take a potential LONG position. Monitor the price action at the support area before taking the trade.
Strong breakout of previous resistance, now turned support. It seems that prices are rallying due to the huge movement from US DOLLAR. If we get a pullback, we could take a BUY position. Be patient, do NOT chase the market nor buy when it is rallying. A strong move usually consolidates after awhile, or retraces for a better entry!