BTCUSDT has recently reached a KEY RESISTANCE level on the 4 hour timeframe. We've seen multiple rejections from this zone in past data, showing strength in the SHORT trade, where it may look to initiate a BEARISH trend. The key to this movement is waiting for a definitive move via BIG VOLUME CANDLES, price could reject off the zone temporarily and retrace back...
GOLD has recently broken the RANGE it has been in for the last couple of weeks. As you can see via the labels on the chart, GOLD initially produced multiple REJECTIONS from the RESISTANCE. Eventually, the RESISTANCE was BROKEN, changing from high volume resistance bounces to low volume RANGING. WE were in this RANGE for a couple of weeks, where I believe...
MICROSOFT remains one of my favourite instruments in STOCK TRADING. I've always enjoyed watching it's price movements, I believe it has remained a solid investment consistently. Right now I believe Microsoft is about to start recovering from it's recent drawdown and start to move bullish after it hit a major RESISTANCE zone. We will do further analysis on...
US DOLLAR is trading SUPPORT and RESISTANCE zones within a boxed RANGE. It is respecting a range of 100.53 - 101.93, with respective bounces on either end, keeping it within its BOXED RANGE. When I'm speaking about a BOXED RANGE, what I mean is that the RANGE ISN'T TIGHT like a normal range, where its looking for volume before a big move, these types of ranges...
BTCUSDT is actively trading in a RANGE. It is recommended to stay out of trading ranges as the unpredictability is high in ranges, as it's ACCUMULATING for sharp high volume move. The plan of action is one of PATIENCE, if you enter too early it's not a strategy it's a GUESS, and we do not do that around here. PATIENTLY wait for a breakout either buy side or...
Gold is trading at KEY AREAS. It is currently in a key RESISTANCE box/level with an ascending trend line supporting the bottom of the candles, which helps to present LONG opportunities. For LONG opportunities i'd like to see XAUUSD break the key RESISTANCE LEVEL, or bounce on the ascending trend line where it would then look to retest the resistance zone. For...
USOIL has HIGH VOLUME long candles, looking to reach the 78 - 80 range. It has recently broken through multiple support zones with HIGH VOLUME, showing that USOIL is likely to increase further in the coming days. I'm looking for it to enter back into the support zone, and we will see if it bounces or rejects and breaks lower. It could, on the other hand, not...
As the titles implies, NETFLIX is waiting for a KEY LEVEL TEST before making large moves. It has recently broke through several ranges to the BUY SIDE, showing it has lots of BULLISH movement. This can be seen with the LARGE VOLUME BULLISH CANDLES that followed after hitting one of the SUPPORT LEVELS, where it created high volume with NO RANGES, further proving...
DJI has entered a key resistance zone of the 4 HOUR time frame. There are 3 likely scenarios. A,B,C on the chart. We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume. The third move that could be made is ACCUMULATION /...
BTCUSDT is once again in a range... I am currently in a LONG position on BTCUSDT so luckily I am already in profit on this trade as I entered on the BIG VOLUME CANDLE. Once again, that is what we are looking for, either candles with LARGE VOLUME going long, or short. This is a perfect time to move up our SL and liquidate some of the position, as RANGES leave...
This is an active range breakout on BTCUSDT that i'm going to be trading. It may not work, but with higher TP then SL you can afford to have a lower percentage of profitable trades as the wins well outweigh the losses. As you can see the range has been broken with HIGH VOLUME CANDLES. This is what we were waiting for, not like the first break of range that...
Starting September 2nd I'll be on holiday in Turkey for 2 weeks. I've managed to time this holiday pretty perfect, looking at the charts we can see it's been in a steep UP TREND since 2nd of July, although it could be argued it happened after the RANGE BREAKOUT in May. GBP is now extremely strong to TRY, meaning we get more TURKISH LIRA for our GREAT BRITISH...
Here is my technical breakdown of SPX on the 4 HOUR time frame... We started the month of May with an up-trend trend line bounce on a key support level which saw SPX climb slightly passed the support zone to surpass another key zone After this climb, we saw it accumulating in a RANGE from 14th May - 29th May, where it eventually broke to the downside. Normally...
MATICUSDT is trading at key areas, previously starting on 8th August it was trading in a range, which as you may know is a BAD time to enter, we need big volume candles either sell or short side, causing a definitive move. WE DO NOT ENTER RANGES UNTIL BREAKOUT. Here we can see that MATICUSDT was trading at a range of 0.43 - 0.39 for approximately 12 days. Then...
During technical analysis of SOLUSDT, it has shown that this is time to exercise one of the most crucial lessons to learn in trading, PATIENCE. There is absolutely ZERO need to be entering trades every time you believe you know the correct direction. Right now the chart is showing the perfect example of why you need to ALWAYS WAIT FOR THE CORRECT SETUP before...
Based on technical analysis of the candlestick charts, I believe that BTCUSDT is in a range period, where it's continued to fluctuate around 56-62K for weeks. It's accumulating liquidity to produce a large breakout move. The key to mastering this move is watching and waiting to see big volume candles either breaking out of support or resistance, then tailoring...
'Big Runner' - This pine script strategy is available in my scripts section and is fully open source, here it is performing algorithmic trades on SPX 4hour timeframe. This strategy works seamlessly with any instrument, showing visuals on the chart for moving averages and ribbons to execute Long and Short trades. I'm working to update it's script to further...
XAUUSD is trading at key areas, this is a great time to intra-day trade gold. Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone. I believe dropping to the support zone will happen, regardless if the market breaks out above,...