clear definition of an uptrend market , an ascending channel , creating higher highs and higher lows . once we break that at the close of the 4H candle time frame , we look for opportunities to long the market to the next , for a possible triple top.
Overall trend is up so I'm waiting on buy entries of the 1hr 1. Imbalance filled off the 1hr 2. Looking to take the entry off the recent bullish OB that followed a liquidity grab. 3. First exit will be at the Most recent 1hr high and 2nd target at the recent high off the Daily chart.
Iam looking for buy on AUD USD possible buy side liquidation. thanks.
After some consolidation period in August and September, AXS broke out and made new ATH , following announcement of a staking program. It got extremely overbought ( RSI > 80) and now it’s consolidating but overall remains bullish . Nearest Support Zone is $120, which it broke, then $95. The nearest Resistance Zone is $150 ( ATH )
For many years traders have had a love-hate relationship with closing based moving averages. Such crossovers tend to be extremely inaccurate, frequently getting whipsawed and achieving low profits. This approach tends to be more stable particularly in longer time frames. Of course it also requires a stop, profit target, and profit maximizing strategy. If this...
The pressure on the market is mostly down. The number of stocks above the 50-day Average is moving downwards and that shows weakness. At the same time, it can act as a contrarian indicator. Do you think the market will go further downwards before it finds a bottom? I appreciate if you write in the comments all your questions and instruments which you would like...
My View on BITCOIN Growth .... as i see dip coming few days its going to pick its pace soon!!!! pls follow me and see magic
Nothing to write, the price was wedging and broke lower, no surprise. Hopefully it corrects more now and we can kill some of the excesses in price and washout the speculation now and not later from higher cliffs. Likely Mid to high 4200's, a bit less likely is close to 4000 and even less likely but still possible and my favorite scenario is 3700 - 3900. Before...
The market is clearly forming lower highs and lower lows , as characterized by the trendlines its a down channel from the most recent price action we are seeing a potential double bottom, we are waiting to short after the retest of the higher resistance .. later we look for an entry position with lower timeframes .
What has the highest probability of occurring? Since early May 2021 price has rotated from 7200 resistance to 6800 support and back again on 2 occasions. There are two classic patterns forming within these rotations. The broadening top is currently valid with 3 tests of the upper trendline. The recent rejection at 7200 appears to be what Bulkowski describes as...
Setting up nicely. Watching the break of $3.9 Origin level at $3.94 Not much overhead resistance till $5
Support/Resistance levels legend : Green : Very likely for the price to pass (low support/resistance) Red : Very unlikely for the price to pass ( hard support/resistance)
This post is just an update on how my previous post is playing out. OB.1 has been reached, time to let it dance towards OB.2.
Scalping levels due to previous analytic Comment with your profit when you use my strategy follow me for more strategies
Latest Note: So we are entering another squeeze here with a slightly bullish signal. This is a pretty unfathomable run at 8 straight days green. I can't see this continuing the streak however it could cool off and wait a whole day going slightly red in a squeeze before taking off again. Watch and hold here. 38.5 is about the possible breakdown area. 40.8 is...
One word= Accumulation Might retest the $6.5 level again before heading back to ATH. One of the few coins that haven't made any big moves yet. +61% back to ATH.
Possibly looking at a sell order here if the price moves into the top of the channel, a rejection of that line will see a retracement.