prosperity-trading

prosperity-trading

The two moving averages are crossing. This looks like a good entry to get some pips. In a trending market like Bitcoin Moving Average Crossover seems like a good strategy for consistent returns. I will hold the position until the indicator shows me some sign of reversal.

prosperity-trading

Can’t decide whether you’re a range or trend playa? Be both this week! NZD/JPY just popped up a long-legged doji right as it hit a range support that’s been around since the start of the year AND a trend line support that hasn’t been broken since May 2020. The cherry on top of this sweet setup is the 200 SMA chillin’ around NZD/JPY’s current levels. A bounce...

prosperity-trading

USD/JPY is switching channels! After breaking below an ascending channel support, USD/JPY looks committed to staying inside a descending channel on the 4-hour time frame. If that’s not enough to get you making trading plans, you should also note that the 100 SMA can cross below the 200 SMA in the next trading sessions. Will the dollar extend its downswing...

prosperity-trading

LTC is in consolidation mode, forming lower highs and slightly lower lows inside a falling wedge pattern. Is LTC/USD a buy or a sell? Price is testing the bottom of the wedge, trying to decide whether to make a bounce or a break. The moving averages appear to be going for a bearish crossover to signal a likely breakdown. If that’s the case, LTC could tumble...

prosperity-trading

ETH has formed lower highs and higher lows, cruising lower inside a falling channel on its daily time frame. Price is stalling around the mid-channel area of interest, and technical indicators are hinting at a return in bullish pressure. Is ETH/USD a buy or a sell? The 100 SMA is still above the 200 SMA on this time frame, so there’s a good chance that buyers...

prosperity-trading

Bitcoin has breached a major support zone! Price has fallen through its range support at the $31,000 mark and also the $30,000 major psychological level, likely drawing more sellers in. However, Stochastic is indicating oversold conditions or exhaustion among bears, so turning higher might still keep losses in check. Is BTC/USD a buy or a sell? The 100 SMA...