aesthetics are what are left behind. I made a slight adjustment to my fib bottom setting, aligning it up more with higher TF pivot resistance levels disregard the yellow arrow on the bottom panel, it's not intended for this chart
After bouncing off the bottom of its long term channel on 30 April and breaking above the resistance at 157, Ethereum has continued on to test the top of the same channel for the third time, reaching a new recent high of 207. While I am not looking to play ETH at the moment, this development must be analysed to assess future potential price entries and stay up to...
We need to break the big Weekly Wick candle and the RSI needs to break to the upside, if that doesnt happen prepare yourself for at least and maybe below 3k BTC. RSI looks like its at resistance similar to 2014. BTC moved in 7 weeks 700$ up that can be destroyed easily in 1 daily candle.
Here we have something I like to call LETS go UPPPPPPPPPPPPPPPPPPP
Weekly level respected We have Emas crosing Consolitading after a long bull run Big rejection wick Double Top forming I think that if the price breaks the current trendline we should see the price falling till the next marked zone at least
Long wicks are indicating that GU is being rejected by the resistance level above the current price. RSI shows a little divergency which is also valid to short the pair. I'll personally target the 61.8 fib level, risking 50 Pips for a 160 pips reward.
There is a upwards channel, and it can't seem to break the support, as the 4 wicks have touched the support. A tight stop loss can be placed under the wicks.
Fresh DZ (124.988-124.858) formed on the 1H. Looks as if price is heading in the direction of the zone that was spotted earlier. If so, I would look to go long if zone is "respected". However, if a breakthrough occur I would look for a reaction in price around the 124.720-124.707 region.
If we look at Monthly and Weekly timeframe we have a lot of rejection from 1.6200 (a big shooting star Weekly). If we look daily we have 4 rejections from 1.60000 and 3 dojis and 1 spining top (clearly this means that Eur/Aud will drop) What I'm looking in this trade is a retest of 1.5900 zone before going down, it's a good trade where the risk reward is...
This is my zones I have set for GBPAUD. I have them color coded so there will be no confusion since I utilize multiple time frames. I patiently wait for opportunities.
These are my zones I've spotted on GBPAUD. I have my zones color coded to not confuse them with the others since I utilize multiple time frames. I patiently wait for opportunities.
Okay, so I think this is a good one, and obvious when you think about it. All of my lines, rays, and Fibonacci sets are always drawn from a candle open, close, high, or low. It would be WONDERFUL to have a setting that automatically sets these drawings to the nearest candle body or end of wick that I draw the line at. The spot that I click on the chart should...
Theory~ Dollar yen has ended 2018 with a Hail Marry to the down side, possibly signaling the momentum and direction for the 1st quarter of 2019. 1st play of the year, appears to be a deep pullback after hitting a major support and resistance zone. We could easily see price pullback and try to regain the 4000+ yardage lost in December, but with this pair...
After we hit target perfectly yesterday, I decided to extend my "bottom" theory a bit. Yesterday was not violent enough, it was still tradable and simply didn´t feel like bottoming. So I tried to figure out what would feel like a bottom? A very violent parabolic drop. I assume it´s possible the last wave could be a wick and mark the end of the 2018 consolidation....
Alrighty. Hope all enjoyed the weekend! Jumping off last chart BTC was at $5600 and I was watching to see if we beat $5645 or not. If not, it was just a lower high and that is what we go with $5610 before pulling back down to $5410. From there we saw some pretty tight ranges and then a brief pop earlier today with a push to $5665. This was a slight bullish sign...