I'd go short on 51077, there is lots of activity which led the price down. and in MACD on H1 timeframe, just switch in histogram been done, so I'm now more bearish than bullish, so I believe as long as @44800 is not seen, there will be no uptrend
Hey everybody, after two legs of retracement now I believe bitcoin needs another leg down to reach a great demand level, so it can gather required energy to go to get 65k back, now it is in supply zone
I think there is a good demand level for Dollar Index and we are just below yesterdays low, and there seems to be a exhaustion gap with that huge candle, I think news are excuses for Price movement, so I believe there could be a strong rally in dollar.
what do you think? you agree?
I see a good opportunity for shorting bitcoin, I see a pivot has formed now and as far as it is valid we can count on shorting, 2.47% is a great profit that is beside RR of 3. Also momentum has decreased. on the other hand good supply level has formed
hey guys, I think we have a good pivot in WTI which can makes price to fall to lower levels. Besides we can see falling momentum which shows buyers are less eager to drive prices higher. on the other hand price could break a low and create a lower low which at least show rally is finished for now and we can expect price to go range or falls.
I believe WTI will have a retracement to @68.70 and the we can expect the price to fly to @69.47, Also there is a level between which would be difficult to break that is @69.24 . But I believe WTI is more of a bullish than Bearish and any retracement would be an opportunity to open a long position. What do you think?
Gold Has created a valid Pivot, And also reacted to pivot points, Also MFI is losing its power with RSI which both indicate Gold cannot break the High pivot, Also there are two trendlines that seems to me are there to be broken, Stop is very safe, And if it is taken we can try for the second time. My target is also derived from higher timeframe which means it...
I think bitcoin will fall into the levels I declared. the momentum for rally is decreasing and we are reaching a clear supply level, Besides, the RR is awesome so we can take it. Also MACD is forming the short form
This how I think that ether will move. Despite breaking a high, my opinion is on short movement. I cant exactly tell you why I think so, but I think so. Besides RR is very good which motivates me to take the trade
Dollar index has formed a good low, And low is supported twice which is a good sign to look at on a long side, Besides, few good demand levels has formed and are still untouched which tells me how strong these levels might be. Also there is a very strong support level and demand on @91.5 which makes me sure that dollar index might be rallying few days.
what do you think?
I think Pound is in downtrend, because it has broken a low and created a lower low and lower high. Besides there are good supply levels on chart I believe will work. and as there is cup formed low with few lows, I'm pretty sure will go under it.
what do you think?
hello dear traders, Well today i'm gonna explain my idea on XAUUSD, at first I guess Gold will move from 1798 to 1806 and also my stop loss is clear on the chart, It will open the second and main position on gold which is short. there is a downtrend in gold and mid-term bullish channel is broken and pull back is completed.
What do you think?
I'm looking to short on lower time frames on ethereum as there is now a spike in down trend i'd expect price to falls more. my stop would be upon the candle touches and reveres from trendline and i'll go with target as much as it goes