Renkotrade

Renkotrade

Hello to all watching my charts We are still Long here in Bitcoin and will now reached 10K if nothing will change. What we have to check is whether the psychologic 10.000 will be a strong resistance as traders will maybe massiv sell at that level ? If it is so, we will see that shure in the channelchart. In the opposite the short timeframe channel is...

Renkotrade

Hello to all watching my charts As driven from good new for ETH this pair rise massive. Please check my last Chart 1 day ago "Maybe Trendchange to long is coming".. So my shortchannesystem told us yesterday to be very cautious with short and have an eye on of a possible trendchange which really now 1 day later has been fullfiilled. And in addition my...

Renkotrade

Hello to all watching my charts. Today also like yesterday nothing news in that chart. Still Long. Dont be bothered by advisers which maybe cry: "Short, Short"... I have added my short timechannel with 1/2 half of timeframe and its eays to check that in that timeframe the Long is coming Stronger and stronger. We will see the next days whether the pair...

Renkotrade

Hello to all watching my charts Here in the Ethereum / USD pair we have a nice situation: On my longer trendchannel (lines in RED) we are still on the short side But i have added now here a my shorter time Trendchannel with 1/2 of the lenght and as you can see, in that timeframe we are long now ! That happens a lot of time. (different situation longer to...

Renkotrade

Hello to all watching my charts. Now the trendchange has been confirmed and its directly from short to long - no neutral status My channelsystem shows now a long setup which is supportet by higher highs and higher lows Break the old high (blue line) and higher lows are here shown with the 2 red lines. For the moment best for me seems to be buy at the...

Renkotrade

Hello to all watching my charts Dax LONG Today the Dax is since the EZB announcements and FED meeting in the bullish aerea again And the Dax is exact in the middle of my channel , so at the moment nothing in front what for me can change the setup quickly We have some resistance at around 12400 from may but in may oppinon "Trend beats resistance" and i would...

Renkotrade

Hello to all watching my charts In this pair i want to demonstrate you a little bit the power of my channels I have draw my longer time framechannel in blue (as always here) which is Short sind 17.6.2019 And i have brought you here a shorter timeframe channel which shows you just eaysily the next direction which is MORE SHORT... What i wan to to tell is that...

Renkotrade

Hello to all watching my charts Here i show the Dow Jones after the Fed Meeting and market is closed on 19.6.2019 My channel system tells me we have still a Long Channel and a long position should used. BUT (what i normally not note ) we have now really a lot of resistances in front which i have show also in blue color. As you know form my other posts i always...

Renkotrade

Hello to all watching my charts Here is the next update of Bitcoin and i can say it in a few simple words: Nothing changed , still LONG If you are in a long position i suggest´to hold the position Good trades Renkotrade

Renkotrade

Hello to all watching my charts. I bring you here my EURUSD pair with 2 of my channels. The longer time frame channel with blue lines (similar as you know from yesterday short) and the shorter time frame chhanel with purple lines. So its easy to check the trend has little bit changed but we are still something so to say short with 60 tp 40 percentage...

Renkotrade

Hello to all watching my charts. Here i bring you back BITCOIN for today in a small update: Still in a long position but the power of the last days is gone- So maybe we will come now in a consolidation time. But thats no short signal at the moment. To have a short signal we do need at first lower lows and lower highs but we still have higher lows and higher...

Renkotrade

Hello to all watching my charts. Here i bring you back an uodate of EURUSD for a little education. In my ! view trenchannels always beats support and resistance zones cause the money goes with the trend direction A lot of people told here of the big support at around 1.12200 I didnt mentioned that cause the pair went in the trend either 1.1220 or not. Its...

Renkotrade

Hello to all watching my charts. Here is my update from ETH Ethereum / USD Today it broke the low at 265.70 and made no new highs. So we have now lower lows and lower highs which is clear indication of a downtrend. Long is gone AND we have a complete new situation with the new short channel. How far can this trade go ? Always a difficult question. As you...

Renkotrade

Hello to all watching my charts. I am starting today a check of Ethereum and will bring you more Crypto Charts the next time Why ? Cause the possibility of trading these pairs in my oppionion has been dramatically changed to much smaller spreads and daytrading if wanted , is now possible with positive results. So lets come back to ETH: What do we see ? Its...

Renkotrade

Hello to all watching my charts In my favorite pair EURUSD you are able to learn seomthing today if you want. This is (as i think) a very important message: Dont trade what SHOULD happen, only trade what really happen and what you see in the chart. As i brought you this yesterday here in my trading room i had marked support lines (maybe you remember) which...

Renkotrade

Hello to all watching my charts. Dax now is in a consolidation mode. I prefer at the moment the lower side with a 60 to 40 percentage. The reason i have no fine feeling for staying long is that we see lower lows and lower highs. I tried to marked it whit the red lines. In classic charting thats a downtrend. But after the strong rally from 11640 to the...

Renkotrade

Hello to all watching my charts My latest regression channel shows nothing really new things today Just an update. Its long , easy to say and easy to see. Good trades Renkotrade

Renkotrade

Hello to all watching my charts. here i bring you back one of the most favorite pairs EURUSD is in a big short position since 12.6. and has loose nearly 1% from the top of 10.6./12.6. We have little support at the level where it has been on friday night 1.1220 but i do more trust my channels than support / resistance lines. So there is a small chance for a...