Guys, I hope you enjoyed my previous ep1.
Even if lots of people thought it was ridiculous, it was perfect :)
Now we are waiting for first trend reversal.
This is pretty ambiguous spot.
Frankly I am not sure how it moves, but I know where to put long position
Of course trend can be reversed above the ep(maybe around $1,440ish).
But since we are at correction...
My whole posting about xauusd is based on this idea below:
Unless it makes HH($1,558+) or LL($1,265-), that idea above will be base of this series. ( I hope I can continue this series haha)
First of all I have to mention that this position is very very...
This posting is made for mainly investors NOT for (short-term) traders - but I will also give some trade startegies for short term traders.
This was previous posting about XAUUSD, sadly, it didn`t hit my reversal zone, and start correction.
However, as you...
OK, it looks like my short position from previous postings was done. (closed at 9950 as I said)
Therefore, we can conclude that we got bounced already at the defense zone(where I mentioned in my last posting), and successfully escaped worst scenario.
However, it is little bit early to be safe, there is one thing we have to look at for few days.
Let`s see current...
This posting is a recap of few previous posting about crypto.
It started around 2 weeks ago:
Based on ema, ichimoku, chart pattern in 4hr frame,
I thought there might be a great chance(in terms of reward/risk ratio) of huge short position in this spot.
It did started drop 4hrs...
Quick recap from current situation.
I showed very important trend line in main posting before.
It is ok to consider this trendline as major indicator for bullish/bearish market.
let`s look it closer
It has been hanging around at the trendline many times for 10days.
Now it is trying to break up, and it seems like "last...
This is BTC dominance chart, as you can see it forms a wedge and about to break down, which is very interesting.
What if BTC.d drop?
We can interpret this situation as 2 ways
case 1. People will buy altcoin with bitcoin -> altcoin HUGE pump -> after that, other people will buy bitcoin to FOMO into altcoin
case 2. Big whales already sold altcoin to bitcoin ->...
It is obviously following my prediction.
So nothing to update from my previous posting, and no need to change my general plan.
In my opinion, it is forming 4th wave and will drop down one more wave to my bouncing zone from the previous posting.
I hope it bounce at the zone(at least a little bounce!).
But one thing we should aware of it.
If there is no bounce at...
As I predicted, XBT just start massive drop down.
(What a EXACT time prediction lol)
First of all, it looks like we are heading toward $9,250-$9000 area. (trend line in main chart)
I hope there will be small bounce.
Re-test of the trend line will be really critical decision point.
Within 4hr, something drastic can be happen.
Volume is getting smaller, ATR is going lower.
Basis for uptrend:
4hr MACD looks really great.
Basis for downtrend:
now btx is hanging aroung 50ema in 4hr chart.
Ichimoku is looking bad.
I can see a lot of possible wedge, either uptrend or downtrend.
In short, "confusing"
But one thing we have to consider...
Honestly, I was holding short position at $1,505(and managed to get out at break even), as I was agree with this idea:
(and of course 1,510.89 might be the end of the 5th wave, so it was right action)
But things are changed when US stock market and DXY are shaked
People were just panicked, that...
I set main chart as 4hr to record my trading.
But for the more clear view, you can check weekly view:
It hits the top of channel, spiked when CNY shock, and rejected to break up
So, most likely it will full back to 1185-1175 area and that will be our target.
Here is NKY 225 weekly chart
As you can see,
1) It is break down channel
2) Failed to recover back to the channel
3) RSI is strongly denying uptrend
This is JPY/USD chart in weekly base.
It broke up the triangle, and getting supported by 200EMA
As DXY is going down and will...