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within a range :
use bullish and bearish div as a confirmation
use buy low sell and sell high
in trend continuation and trading reversal
for trend continuation:
use the buy low method in a bullish trend.
exemple each time the stochastic is low
and crossing in a bull market you can buy(work
only on higher TF : 4h , daily, weekly). -20 is optimal
based on :
-95% positive correlation between spx and bitcoin : it is likely for bitcoin to disappear during the next krash on financial indexes. because there isnt regulation you wont be able to take back your funds when it will be too late
-bad images due to black market and pump and dump mafia: hackers, terrorists, drug and weapons dealers.
moving averages form a strong support
price was stagnating for some days, forming a bullflag and it is now breaking it
we can use the multiple candles + the emas as our support to put our stop loss below
eurusd formed a double top
this supply zone must be the perfect
zone for entering
it rejected it multiple times.
this last candle was a bearish engulfing
we can consider shorting here and aiming
for the neckline first then for 1.155 level
in order to form the bullish gartley
the proprietary of this cup and handle must be a leftist.
I think price will rise a little more to 2300 until ranging for some month in this area (2100-2300) before having a strong impulse upside
fundamentally it can be explained by the coronavirus sanitary crisis who will provoke a krash on financial indexes (global economy so they will all fall). worldwide...
After fed pumping the price to save the disaster now price reached the supply zone. but thats not all
there is others signs that make me think about an almost sure imminent dump.
To add more security on that impression there is a bearish harmonic , also a gigantesc bearish divergence on volume of MACD indicator and its also the point 5 of Elliot wave...