Monero appears to be breaking out from support but there is resistance it must break through to succeed This is a counter-trend trade so trade smaller. Risk reward is 2.25:1 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple,...
Ripple breaking out with support and positive momentum Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice and if you take a trade it is your full responsibility,...
PLEASE TAKE THIS INTO ACCOUNT WHEN YOU READ ANY OF MY ANALYSIS Here is the Up Channel we appear to be working in (for now) on Bitcoin. Now, to be a valid trendline it must touch 3 points. We only see it touching 2 points, so this means they are unconfirmed trendlines but what this gives us are upper and lower price points to be tested. Points to note regarding...
I understand a large number of you are currently CONFUSED as to which way this market is heading - UP or DOWN? So I thought it would be helpful to you if I EXPLAIN HOW I use Techincal Analysis to OBJECTIVELY determine the FLOW of the Market and WHY I reversed my position from short to Long side: Let's start with looking at the 2 thick blue thick diagonal lines....
Earlier today, I posted a short Bitcoin trade well I got stopped out - good! That's telling me that the market wants to go UP. (and potentially Wave 4 Daily may be over?) Your unsuccessful trades teach you which way the market wants to flow. So what should I do? Easy, go with the FLOW don't think too much and don't fight it. So I am now Long with a Risk...
I am revising my Bitcoin Wave count and reverting back to my original view that I posted on 5Sept 2017 (see link below): Why am I revising my recent Big Picture WaveCount ? 1. The significant start of the Bitcoin run-up was close to the Spring Equinox (24 March 2016, low $920) and this should be start of the Wave Count, prior to that it was relatively sideways...
Resistance overhead, momentum falling Place a tight stop Entry, Stop loss and Target defined Risk Reward 2:84:1 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial...
YES FOLKS, WE ARE STILL IN AN UPTREND - HIGHER HIGHS AND HIGHER LOWS. At times like this, we must move away from looking at smaller timeframe charts and head for the BIG PICTURE (weekly and monthly). An aerial view gives us an OBJECTIVE and REASONED ANALYSIS. FYI: Red is Weekly EW Count. Green is Monthly EW Count We are now in an ABC Correction after a Wave 5...
For those who have followed me for a length of time, you will know I publicly advised you all a few months back, on 5 July 2017, to watch the USDEUR around 25th September 2017. I identified there was a CYCLE in play. Now here's the thing it's unimportant if the cycle does not work, so we may pass 25th September 2017 and it may be insignificant. So don't jump on...
I appreciate people are VERY NERVOUS going LONG but I call it as I SEE it. A saying you will hear from me often: "TRADE WHAT YOU SEE NOT WHAT YOU THINK" Put your stop loss and targets in and let the Market do what it wants to do.... Risk Reward 3.5:1 Sean Vengan 10+ Years Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE...
Approx 3:1 Risk Reward (2.92:1) Sean Vengan Professional Trader & Trading Educator Sean Vengan 10+ Years Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice and if you take a...
Fibonacci Resistance Levels all coinciding with Previous Highs. it must break through all these Resistance Levels in order to get back to $5,000 price level. Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2....
Our recent Long Entry on Litecoin although it didn't hit full target it came very very close (see green arrow) with a trailing stop loss it was still a profitable trade. With the recent pullback, we now have another Long opportunity on Litecoin - same target, same loss. At current prices, it's slightly less R:R or you can wait and see IF it enters the pink zone...
Here is an update on Bitcoin Price action using purely Fibonacci, as I learnt from one of my mentors Carolyn Boroden, Fibonacci Queen. The clustering of price is the Fibonacci Zone of Support which Bitcoin is currently trying to break through. The bottom price is around the $4,000 mark. Wil it break through it or will it hold? Well, we'll see what the MArket...
I always advocate: TRADE WHAT YOU SEE NOT WHAT YOU THINK So let's use our Technical Analysis Skills to OBJECTIVELY analyze and interpret the markets and suspend getting carried away with the news. At the end of the day price action is KING (or QUEEN) and news is incidental. Today I will teach you 5 ways to read this Bitcoin price and how I SEE the markets...
So we appear to have resistance at the 0.618 Fibonacci level. This is a classic fib number for resistance. I previously highlighted the fact that the buyers and sellers are jostling between $4,000 and $5,000 and that battle remains in place as it is still within this zone. We can't just get green up bars (see chart) there needs to be a healthy pullback. This is...
I am making a brave call but you heard it here first from me, before any news reports or any other traders forecast (that I am aware of). Technical Analysis ================ We are now in Wave 3 on Ethereum and I see huge upside in Ethereum's price. If it can break through its current price around $355 - where it is currently finding resistance then it's game...
MTLUSD Analysis - chance to double your money. Beginners: good trade for beginners to dip their toe into trading cryptocurrencies, as its priced low @ $13.39 Risk Reward: 2.36:1 Hope that helps. Sean Vengan, Professional Cryptocurrency Trader and Trading Educator