AmirSoraya

AmirSoraya

If you check my previous analysis, Bitcoin is moving within large trading range. Best strategy in trading ranges is to buy low and sell high. To do that, first of all price have to move either 1/3rd up that is buy zone or 1/3rd bottom that is sell zone. After that, look for patterns like double bottom, double top or wedges. Then with breakouts you can...

AmirSoraya

As its clear in the chart, price dropped strongly last week. Odds favor sell climax on last downside move and after climaxes, usually reversals or trading ranges come. 2 bull bars, breakout + follow-through, 60%-70% probability for higher prices at least equal to measured move based on breakout height. EURUSD may have 2 legged move and breaks the bear...

AmirSoraya

What happened on EURUSD chart last week? After breaking bull channel from bottom, TR formed. Trading range was bear flag and finally got broken from down side by bears. Price fall down to wedge line so I published an idea and said about possible reversal up. But bears were so strong and broke below that wedge line after a breakout pullback of trading range. We...

AmirSoraya

Cardano is near its range bottom on daily chart. Bulls are trying to create double bottom near range bottom. If so, first target for bulls will be bear TL, Then prior high can be next target, prior LH is DB neckline too. Final target is range top, where bears are going to sell.

AmirSoraya

After breaking trading range from bottom, EURUSD saw strong sold off. On big picture you can see 3 pushes down and wedge bottom. It is also at the end of 2nd leg down, and after 2 legged movements we usually see corrections. First target is bear TL for bulls and higher prices after breaking this TL.

AmirSoraya

Bitcoin is still on its range. If you check previous analysis on BTC: You notice that price is at 1/3rd bottom of range that is buy zone. 3 consecutive bull bars formed on 4H timeframe, first target for bulls is bear trendline. After that if they break TL, can push price higher to the top of range.

AmirSoraya

In this article we are going to find out why bitcoin price can't rise in the next 1 to 2 years. For this review, we have to check 2 charts. Also this analysis are long-term analysis and on monthly chart. First of all, lets have some idea on US Dollar Index Monthly chart. The reason that we are checking this chart is its negative correlation with S&P500. Monthly...

AmirSoraya

I mentioned before that TR more than 20 bars has 50-50 chance of BO. Bulls and bears are equally strong. Now everything is 50-50. If you want you can trade in trading range, buy low sell high and scalp. Otherwise wait until breakout and then trade in direction of that breakout. Targets based on TR height is marked up.

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AmirSoraya

This analysis is on weekly and daily chart of DXY before Wednesday FOMC. I think index is so over bought and needs some correction. Needs correction but don’t lose your sight on overall trend. Strong bull trends, bulls will buy first trend line break, any pullbacks.

AmirSoraya

We had a bull channel on daily chart which price now breaks above channel line. Usually overshoot of channel lines rejected within 5 bars and reversed down to the channel again. So context is showing us a possible bear trend on daily chart, now lets check the H4 timeframe. We had 2 legs up and climatic behavior, climatic behaviors cause fast reversal or trading...

AmirSoraya

Weekly chart was attached to previous analysis where we were near the weekly range bottom. 4H chart created tight bear channel testing this bottom. Final bars on Friday broke the bear trendline. Since its tight bear channel, first breakout maybe minor and reversed down but bull breakout is also strong and has follow-through bar. If bulls push price higher, top of...

AmirSoraya

We have to watched 3 things for next week to decide for our trading: 1. Nearest high and low: Break above/below each of them tells us that which side of market is stronger. 2. Daily Support Level: 2 possible price action here, break below support or reversal up. Each of them tell us the price direction. 3. Top of Sell Climax: It can be bulls target and also...

AmirSoraya

One of the biggest problems that I faced at the beginning of my trading journey was recognizing the market cycle. I have seen people who have spent a lot of time and effort learning candlestick patterns, but know that without understanding the market cycle, even the best patterns will fail. The graph above can help you to first find the market cycle and then...

AmirSoraya Updated 

3 Legs down are clear on weekly chart which indicates wedge bottom. Also XAUUSD has been moving within TR for couple of weeks. Remember that markets have inertia. It means they have desire to do what they were doing. As long as we are in TR, most breakouts fail. In H4 timeframe we have possible final flag and then sell climax. Sell climax is tight bear channel...

AmirSoraya

As we see last clear move is bear BO of bull channel. Trading range formed next. TR more than 20 bars, so market loses its sight 50-50 chance of either bull or bear BO. Since there is bear BO before, probability of bear BO is slightly higher.

AmirSoraya

What clear is TR on daily chart of Bitcoin. Best strategy in TRs is to buy low and sell high. Upper 1/3 is sell zone and bottom 1/3 is buy zone. Wait for price to reach either upper 1/3 or bottom 1/3, then looks for patterns like: Wedge Top - Double Top - Wedge Bottom - Double Bottom Put your protective stop below range bottom if long and above range top if...

AmirSoraya

Bulls were strong enough to break the first bearish TL on July 19, 2022. They pushed price up to the next major bearish TL and then reversed down from there. Daily prior high and low are marked up. Now this indicate is near the prior low so we have to see what will happen tomorrow. Bulls will try to create HL and then go up and test the TL. Bears also try to...

AmirSoraya

Big down, big up means confusion in bar chart and confusion is hallmark of trading range. Best strategy in TRs is to buy low and sell high. Upper 1/3 is sell zone and bottom 1/3 is buy zone. Price is now falling in bear channel to bottom 1/3 so better to buy there.