Price is facing resistance at the 1.1060 level and a bearish engulfing pattern has been confirmed. If this sort of setup meets anyone's trading plan this is how It would look. Entry --> 1.1060 Stop Loss ---> 1.1070 Take Profit--> 1.1040 Risk/Reward -->2.0 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used...
If you're looking for a bullish bias for Bitcoin then take a look at the Daily chart. After that massive impulse move to $10.5k price has been slowly grinding it's way lower and lower to where price is chilling out now at $8.8k. If you're looking for a time to buy the pullback of that impulse move now may be you're time. There is a pretty obvious falling wedge...
This is what Ill be keeping an eye on for the upcoming week on the GBP/USD pair. Sell zone is anywhere near the descending trend line which is closing in on the third touch. Wait for the trigger in that zone and that would be a decent opportunity for a short trade. Stop Loss is any impulsive H4 closes through the trend line or 1.5x H4 ATR. First Take Profit is the...
Entry --> 1.3214 Stop Loss ---> 1.3180 Take Profit--> 1.3292 Risk/Reward --> 2.33 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Obvious nicely drawn out descending triangle formed on the M15 chart. High probability that the support breaks. A good place to start bidding will be the 8800 region. Any wicks that run deep could be buying opportunities as well, candle closes below 8800 is bearish.
For the people that have been waiting for that Weekly 21EMA test to buy your time is fast approaching. Currently sitting at a nice confluence zone of $9000 I believe this area to be a great time to get back into spot/leveraged longs. Sure price can run right through to the low $8ks but there is a higher probability that price sees a significant reaction at the $9k...
Entry --> 1.0025 Stop Loss ---> 1.09759 Take Profit--> 1.10506 Risk/Reward --> 1.8 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Entry --> 1.3258 Stop Loss ---> 1.3208 Take Profit--> 1.3333 Risk/Reward --> 1.5 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Laying out a scenario for the USD/CAD if price action stays in this range and breaks the neckline I expect price to head to the 1.3155 area.
Quick chart on the ETH/USDT pairing. Confirmed H1 H/S pattern. Target 1 = 223, Target 2 = 235 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
After testing the trend line for the second time it seems like buyers are stepping in and probably pushing price up to 11.8k. If it fails to do so and the trend line gets tested more major downside is to be expected. If you leveraged longed this dip I would be taking profits at 11.8k, possibility even shorting a wick up for 11.9k for hedging purposes. Daily bias...
Quick look at the LTC/USD pair on the Daily chart. There's a couple ways I'm looking at this, one being a giant bear flag which is the lesser of the two ideas, the other is just a sym triangle. Either way Litecoin is dangerously on that fine line whether it wants to plummet post halving or break above that 100-105 and set sails with Bitcoin. Place your bets and...
When doing my Bitcoin analysis I like to zoom out on the Daily line chart and get away from the crazy wicks this market sees and try and keep it simple. Different charts way vary but on the BTC/USDT chart on Binance price broke through the overhead trend line and subsequently tested the trend line and closing above it. That is a clear buy in my books and targeting...
Same kind of pattern can be seen on the ETH/USD chart as is seen on the BTC/USD one. Keeping it simple, a daily close above 235 would switch my bias to bullish. Would expect price to gravitate to the 270 region hoping for a pullback to test the prior resistance to confirm support at 235 to board the ship to 300+. Please Comment, Like, & Follow! This...
For anyone interested in chart patterns there's a pretty decent looking Adam & Eve formation happening on the BTC/USD chart. Currently at resistance around 10.8k waiting for a strong move up to confirm the pattern. Expect price to make it to 11.5-11.8k region and with enough profit taking to bring price back down to test the horizontal resistance at 10.8k and into...
Looking to try and short the pullback after hitting 1.1200. Entry --> 1.12035 Stop Loss ---> 1.1223 Take Profit--> 1.1157 Risk/Reward --> 1.8 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
This is my second short on USD/CHF today. Risking a smaller amount and targeting equal lows for TP1. Entry --> 0.97361 Stop Loss ---> 0.97622 Take Profit--> 0.96700 Risk/Reward --> 1.5 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Keeping it simple on the Daily line chart there seems to be a decent looking falling wedge forming. I preferably would like to see shallower lower lows but nonetheless a breakout of the wedge around the confluence area of ~8500 would line up nicely. For conservative traders look to enter with a Daily close above the previous wedge high ~9900 at the moment.