Hello all dear traders! Let's discuss today's trends
On the demand timeframe, we see the trend has changed as the market enters medium-term sell-off correction waves, with resistance holding the price in the context of a weak recovery to date.
Personally, I appreciate that Bitcoins weakness has not stopped the decline that will continue in the near future. The...
Hello all dear traders!
EUR/USD fluctuated in a tight channel slightly above 1.0750 early Monday after closing last week in positive territory. The technical picture suggests that the pair could continue to rise in the short term.
Speaking of short-term upside: the release of disappointing data from the US has caused the US Dollar (USD) to weaken reinforcing...
Hello there,
At any given chart and time frame, you will be looking at three different price movements that agree on peak lows and highs; therefore, the only certainty in a trend is a peak high and a low from past data. Anything in between is unclear.
Right now, BTCUSD is at the 63625.51 price level, and 56456 extends on C for a lower low. The current level...
Bitcoin (BTCUSD) closed the first green 1W candle following a streak of 4 red ones, so it has been the first week in almost 1 month. That alone is a strong bullish sign, especially on the very aggressive Channel Up on the 1W time-frame (chart on the left).
As you can see, every consolidation that is formed after a Higher High (red Rectangle) ends and transcends...
I'll make this sweet-and-short since this is a meme coin.
Based on recent long term data metrics, this is showing some BIG SHIFT already on its long term trend. With its un-abused mcap, this is giving off a 1000% ++ growth prospect.
It's exhibiting the same DNA as TRB's 15.0 era, and BONK'S and PEPE's 'before the 10x+' era.
If you missed the moon rockets of...
What Did Buffett Say at the Shareholders' Meeting?
Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99.
Following the meeting, it was revealed that Berkshire Hathaway's cash reserves are at record levels and continuing...
The price perfectly fulfills my last idea. FX:AUDJPY fell from resistance, tested the support level, and bounced off it. Currently, the market is in a descending channel, but I think it will break it and go up because the major trend is bullish. Overall, on the 1H timeframe, the price action is in the consolidation zone after a volatile week. I expect a pullback...
AUDNZD is displaying a prominent double top formation with a bearish divergence on the RSI.
Pending RBA interest rate decision can be the catalyst for its reversal.
Sentiments are also 97% short
SHORT from break of LH.
Following a breakdown below $57,000, Bitcoin (BTCUSD) rebounded last week in a broad market risk-on move. Currently, it trades near the $64,000 price tag, situated slightly above the 20-day SMA, which now acts as a critical support level; a failure to hold ground above this level will be concerning, while a success could foreshadow continuation higher. With that...
Ethereum Broke Out of a Bullish Triangle Pattern
Ethereum Broke out of a 60 min triangle pattern thus rising the chances
for a rebound in the short term.
The bullish momentum looks good so far and ETH may continue to rise during the day.
Considering also that the London Market will be closed we may see the traders to focus more on the crypto market today and...
CAD/JPY
The outlook of the CADJPY is very bearish, based on the Multi-timeframe waves structure count we should be expecting more downside in the pair. The bearish wave structure (4) on the H4 timeframe is not complete yet, we have seen a bearish 0, 1, 2, and 3 wave structures on the M15 timeframe. Having seen the 3 waves, we now have a more than 70% probability...
Hello,
Trade identification is the process through which you are able to identify setups that can be actioned on in the markets. For this example, I shall be using the BTCUSD chart to chant my path as I look for tradeable setups.
1: Structure drawing
Identifying the structure of trades is very key since it creates a sense of knowing where the market is at from...
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
I am taking a contrarian view and bagholding rune... never been more bullish in my life. Love the negative sentiment I am seeing these days.
This is not financial advice I have 0 idea what rune does
