About meI started trading Aug 2017 so far I have learnt everything I know about Technical Analysis by doing 'The Chart Guys' course at www.chartguys.com. I now have signed up with 'TomProTrader' for his VIP service and look forward to what I learn from him.
Hey guys just having a play around with this, using primarily 2 drawing tools (Pitch fork and time cycles) I have noticed they do a pretty good job in depicting some patterns (will see how this goes for confirmation).
- The pitch forks are set to the same dimensions and seem to identify horizontal support and resistance.
- Time cycles have indicated the...
Same as most I have no idea where ETH or BTC will take us over the next couple of weeks, however here are the price levels I see as support and possible scenario playing out.
First - my gut tells me the weekly time frame is going to get to about 15-20RSI level before it will have a chance at a proper bullish follow through on any moves (BTC as...
So we are witnessing a short term oversold bounce at the moment, and looking for next resistance point, my moneys on the daily TF showing this, I would expect the 4hr to be oversold next with a correction then another move or two up till the daily is oversold then resume the trend bearish on the weekly/monthly time frames. Expected upside is between 2-5% before...
Not too much data to go off with GBPUSD month overall trend is bearish, price has come down significantly and RSI for almost all time frames is over sold.
Looks like setting the first higher low in some time. Weekly trend is looking at a 10% gain over 2019.
Not super confident on this and won't be making a trade on it, AUDUSD is where I would be looking for a...
Hi all, a quick look at the Aussie dollar to USD.
We are currently consolidating on the monthly and weekly timeframes from being largely oversold.
Now we have a long wick with volume climax on the daily. (I take as an indication of bottom)
Good bullish entry is now with stop loss below the wick of the indicated candle.
I see 2019 making 15% gains then will be...
Hi all, SPANKCHAIN seems to have hit a wall of support and good possibility of it bouncing with significant gains soon.
It seems to have flat lined 0.01116 with resistance pretty far away I like my odds with an entry here.
First higher low has just been set on 4h.
So RSI levels for most time frames are sitting pretty and pretty solid support has been found at 3790.
So far 2 attempts have been made at this level and a third looking at bouncing from it or setting a higher low.
If that plays out an inverted head and shoulders will have formed awaiting confirmation on the 30m to 4h time frames.
Entry, risk v reward, and stop...
This is a look at the daily TF and in conjunction with the weekly Having broke out of the Equilibrium bearish with a decent amount of follow through I am expecting a continued move down to the marked area.
Just a general overall look at the 4hr TF to gauge a feel for a move on the 1 day TF.
Has happened: BTC hit resistance at 6530 and descended since to 6254.05 and bounced for an aside bar on following candle, inside bar broke bearish.
Happening now: Still descending and approaching 30 on the RSI currently at 6284.
Expecting to happen next: As we...
At the moment we have the first back test of the 4h 50MA, not much volume on the dip so far. To me this looks like a good long entry point.
With the 1h RSI below 30 and the previous low not far away this gives me more confidence and a stop loss nice and close to minimise any loss.
This is what I have been looking for to be making any call of "Bull Market".
I have been playing bearish quite a bit this year and seen a lot of bull market calls through out, none of which had enough to convince of an actual change in trend.
I see this as the strongest sign of a trend change now for the following reasons.
-Please see red arrows...