Hi, The last Weekly candle gave us a pretty bearish sign for the upcoming days/weeks. So, considering that, we have to find an optimal trade entry to go short. I have an area which stays around 0.92000, it is pretty wide but there is a reason why it is like it is. A possible reversal area consists of: 1. The round number 0.92000 should act as a resistance...
Hi, Wait for a bearish candlestick formation inside the red area, criteria: 1. The blue trendline should act as a resistance 2. Fibonacci retracement levels 3. July low should act as a resistance 4. AB=CD 5. Daily EMA50 If the price breaks above the trendline then you should be really cautious but there are also some resistance levels which can stop the price, a...
The previous idea only confirmed-scenario played out pretty nicely and we have reached to the major targe/resistance area. Historically (2019) the strongest area between 10k-13k is $11,000. It has worked multiple times as a resistance, it has worked multiple times as a support, strong and powerful candle breakthroughs and etc. A lot of important moves has started...
Yesterday, the BTC price made a pretty decent climb and it manages to break above the pretty strong resistance level. The level which stayed around 10k was a pretty nice reversal area but we neede a bearish candlestick pattern around it. Luckily (knowing the price action after it), we didn't get it and the price made a pretty impressive 4H candle break above the...
Hi, AUDNZD making a breakout from the bearish chart pattern called Rising Wedge. The bounce came from a pretty strong area. I have observed it since the August end. The selling area should be the marked red area, criteria: 1. We have a breakout from the bearish chart pattern called Rising Wedge. 2. Breakout from the short-term triangle 3. Tripple top...
Hi, EURUSD has started to approach an important area. The strongest support level just below the current price. If you are already on the "Short" side then this could be the area where you want to take out your profits but if you consider short-term buying EURUSD then there could be your chance. Why this is an important area? Because: 1. There is a historical...
Hi, A possible reversal area (blue box) consists of: 1. Daily EMA200 2. Fibonacci Extension 3. AB=CD 4. 2014 High 5. 2009 Low 6. Different trendlines 7. Channel projection 8*. Wait for a bearish candlestick pattern inside the box or after the touch. Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Do your...
Hi, On the Monthly, we have two Shooting Star candlestick patterns, bearish indications. On the Weekly, we have three bearish Weekly candles in the row. In previous years it has been the maximum amount of bearish Weekly candles in the row. Last time when we got four in a row was August 2016. So, already two biggest timeframes give us few mixed signs. Can those...
Hi, I'm back in business. A little vacation is over, batteries are charged and I'm fully ready to give some trading opportunities from different markets. Obviously, the biggest interest is on BTC and I'll start from it. After my last analysis, the price has printed a new mid-term lower high, which was slightly expected. The movement started just some dollars...
Hi, After the drop from $12,000 to $9,500, the Bitcoin price and altcoins have made some short-term gains. The bounce came from the trendline which printed a new Higher Low. In general, the price has started to move between two trendlines. From the top, we have nice and clean Lower Highs, from the bottom, as said, nice and clean Higher Lows. It all indicates...
Hi, Lately, Gold has made some impressive gains, last time we were so high in 2013. It has broken above a multi-year resistance level, which consists of 2014/16/17/18 yearly highs, with a really powerful Weekly candle. After the break above the multi-year resistance, XAU/USD has climbed almost straight to the current levels. Why I post it, it's because of the...
Hi, 1. The trend is your friend 2. Channels should act as resistance levels 3. AB=CD 4. Fibo Extension 5. Fibo 6. Previously worked support becomes resistance 7! To execute it wait for a bearish price action from the gray area. Do your own research and if this matching with mine then you are ready to go! Best regards, Vaido
I just had to make another post after the Hammer formation on the 4H timeframe which can drive the price higher to the $11,000 and I "found" another channel which can add significant strongness into the area. The high probability BUY setup around $10,500 consists of: 1. The middle nr. $10,500. It is the weakest round number on the list but still, the zeros...
The market got me and I admit it. After serious winning streaks, a loss was "expected", I'll take it and let's move on. After a loss, I would like to usually step aside and look at a bit bigger picture and determine the first stronger areas. The flow is gone and I would like to start building this from the beginning. Over a long time, the market makes panic...
Last two idea post was pretty accurate because firstly, we identified the strong area around $12,000, we got a bearish candlestick pattern on the strong area (4H bearish Railway Tracks) and down it goes. Then a little consolidation, a breakout from the triangle and another bearish candlestick "pattern" - Evening Star price action on the Daily and down it goes, all...
GBPAUD has started to show a slightly bullish price action on the bottom of the range. Those criteria are a bit sloppy but if we put those together we may get a pretty good short-term trading opportunity: 1. The black historical trendline since 2017 September, second touch 2018 December. The third touch has been very sloppy, the price has been below of it and...
My previous idea post was a selling opportunity from $12,000 to 11.1k - it has happened. It took a bit more time than expected but no worries, everything was perfect, we got a needed bearish candlestick pattern and the price has reached into the target area. Watch out - the fall can easily continue from the current price levels. Yesterday's candle close was...
LTC/USD Daily chart offers a pretty easily spottable strong area which can be also a bounce area for short-term profits. It stays around $70 and the area criteria are: 1. Simple the strong area (gray price zone) which has worked historically as a support and as a resistance: - 27th June 2018 as a support - 4th September 2018 as a resistance - 2nd April 2019...