HayeTrading

HayeTrading

BNBUSDT has formed a huge triangle, with a very strong longstanding trendline that has seen 7 significant rejections since June. Price is currently testing that lower trendline after a series of lower lows have driven us into a consolidating triangle. Expect price to break sharply out of this triangle. Immediately below the bottom trendline is an area that has...

HayeTrading Updated 

LUNA began it's decline 16 hours before BTC and ETH started to drop yesterday, and the rest of the cryptomarket has largely followed suit since. We often see the market leaders be the first and fastest to drop during market correction, and those leaders tend to correct again faster than the broader market. We see RSI divergence in LUNA on the 30m chart and a...

HayeTrading

Ethereum has seen a sharp decline after it's 4th push into the supply zone since the 23rd. We've now reached an establish demand zone in the high 3800s and seen a small bounce and consolidation just above this zone. Price is also touching it's lower trendline after a brief wick below. Downside momentum is strong and this consolidation could be sellers taking...

HayeTrading Updated 

Update on my previous BTC Descending Triangle idea, price broke above the proposed entry level and ran up as expected. Price currently trades nearly 5.5% above that entry level, down from the high noted as Wave 3 on this chart, more than 7% above the entry. If looking at Elliot Waves, Wave 3 high met almost perfectly previous pivot high from December 7th....

HayeTrading

This is the timeline of major COVID related events in the UK and the corresponding chart for GBPUSD. The lower chart is of moving averages of US and UK new COVID cases. Since the start of COVID and an initial big drop, GBPUSD has seen strength after strength, with a number of significant bottoms coinciding with major events in the UK political landscape. Put...

HayeTrading Updated 

EURCAD has reached a zone of strong previous rejection. Touching 70 on the RSI with Bearish Divergence and having entered this area of previous rejection sets up for a potential short with tight stoploss above the area of rejection. CAD CPI numbers came in line with expectation today with a continuation of trend but we're looking short term overbought with very...

HayeTrading

Give a like and follow! XAGUSD had a perfect bounce last week off it's late September low. Possible double bottom formation. RSI divergence on the Daily bar immediately before the dip and bounce. MACD has just turned. Looking at the 0.382 Fib level around 24.7 as target, with potential for a runner above 26 towards the 0.618 Fib level.

HayeTrading

BTC forming a classic Descending Triangle formation. Typically 5 touches of support/resistance (combined) would be considered confirmation of the pattern, we're currently sitting at 7/8 touches (depending on your view), for a fully formed pattern of lower lows and a support line that is holding so far. This is generally considered a continuation pattern, where...

HayeTrading

EURGBP currently bouncing around just above a strong previous support level on the 15Min, while still looking Strong Bearing on the 4H. Possible to see a short term bounce up, but longer term view we're looking to see a break below this support line to test the previous lows from October and then November. Price continues to follow a choppy downtrend with lower...

HayeTrading

ETHBTC has been respecting it's upward trendline and trading comfortably above the 200SMA and 200EMA on the 2H timeframe. ETHBTC has now retraced back to the 0.618 Fibonacci level, almost touching it's bottom trendline and meeting the 200SMA and 200EMA. This is an important level with a number of major support levels all in alignment. We could potentially take...

HayeTrading

Let’s talk about trading fees. This is an area that most people who trade don’t put enough thought into, but it can make a huge difference to your bottom line. This is especially the case when dealing with percentage based commissions in combination with leverage. Many people, especially those who mainly trade crypto, will be using services that charge percentage...

HayeTrading

Potential high R long opportunity for ETH. Bumping up against oversold levels on RSI with Divergence, and entered a strong support range (red area) that has seen multiple strong bounces in recent weeks.

HayeTrading

Long on GBPJPY at 2:1 RR. Heavily oversold and hitting support level from April, expecting a sharp relief rally imminently.

HayeTrading

Nice simple idea here, a perfect double top formation. Price has already met and rejected the previous top at least for the moment, with that top also representing the ATH. Due to the sharp run up we see a relative absence of support until the 51.7k area. In my opinion this set up gives an advantageous risk/reward for a short position, with a short term price...

HayeTrading Updated 

In the last consolidation breakout I posted I gave a 5 hour window for a breakout. Perfectly in the middle of that, 3 hours after posting, we got the huge drop from 7450 to 6950 on August 4th. Now we have an even bigger setup for a breakout, with a smaller setup inside it. Our major trend lines converge 12 hours from now (01:00 UTC, 28/08), and our minor trend...

HayeTrading

Visualising the difference. Let's take a look at the security function, the differences between version 3 and version 2, and hopefully help give people a better understanding of how these work. As many will know there are differences in how version 2 and version 3 handle the "security()" function. Confusion around the mechanics of this function can lead to...

HayeTrading Updated 

Consolidation on the hourly setting up for a big move. If we break out of this consolidating channel before the trendlines converge I'll be looking to follow the breakout direction with a short at ~7410 or long at ~7470 for a short term play.

HayeTrading Updated 

This is a crucial time for BTC, as we're pushing up against the trendline of 3 previous peaks. The next day or two will likely show us the near-term direction, either driving through the trendline to break this linear pattern of lower highs and potentially take us up to the ~9k level, or bounce off it and come back down to sub 7k levels, likely finding strong...