tradingwithyg

tradingwithyg

The mother of all cryptocurrencies :) My view on BTC has not changed, even with recent bullish momentum where price rallied from 6455 to 10k. 29 EMA and 75 EMA will need to cross 130 EMA before I change my stance from ranging/bearish to bull run. One of the good things about price ranging is it is giving speculators and institutions a chance to buy at a nice...

tradingwithyg

After being caught in a range for several weeks price finally broke down and there was strong sell-side action. Towards the end of last week, price rebounded a bit back to the upside and has created a short uptrend (4H respects well). Ideally, I would like to see price move higher and enter the resistance zone and come in contact with the 29 EMA before breaking...

tradingwithyg

Similar to what the monthly chart indicated. Price had a nice runup to monthly resistance (1.259) before getting rejected. It could not hold the 1.208 level as support, but is finding support at the 1.18 level. The last candle in the chart indicates that there is some indecision with price. Everything depends on how the dollar will play out over the next several...

tradingwithyg

Price has been trading in a descending channel since 2008. Recent price action indicates that it neared trend resistance and reversed before it could make contact with MR (1.259). Price will need to break short-term trend support and 29 EMA to confirm a shift in momentum. Bearish confirmation will come around the 1.17 level. FOREXCOM:EURUSD

tradingwithyg

Price has finally begun to slow after a parabolic run up that lasted close to a month. It has broken through bearish trend resistance and is now testing daily support. It would be great if price could stabilize around this level and test the 29 EMA before making a push to the upside. If price cannot hold the 92.5 level, the next level of support is found near...

tradingwithyg

The weekly chart shows a bit of a different situation for the dollar. While there was a strong push to the upside of the last several weeks, momentum is losing steam. Price is rejecting the 75 EMA. The last candle indicates that there is some indecision happening. Ideally, I would have liked price to gradually run up to 94.19 before getting a correction, but so...

tradingwithyg

Price made contact with the 130 EMA at the beginning of 2018 creating a level of support around the 91.5 level. It also looks to be breaking out of the downtrend it was in for the majority of 2017. Price is currently testing a level that has acted as support in the past. If price can continue its bullish momentum and get above the 29 EMA this will confirm...