XAUUSD Buy-limit @ $1659 Target 1: $1665 Target 2: $1675 Stop Loss: $1656 As always please use adequate position sizing and risk percentage. Good luck. :D
We have shot up to a new range high which got deviated and retested successfully (what looks like a double but it is in reality a triple top due to the swept high that preceded which is a stronger pattern to trade). We can also notice a bearish divergence in RSI. Targets marked; FVG and equal lows.
Title says it all. Since Bitcoin's price didn't hold at demand (check linked chart for reference), the market now has a bearish sentiment. We most probably would see a slide down further in prices.
Nothing much to leave in a description box but a possible fractal might be forming on the higher time frame charts on Ethereum. Will be looking for confluences for entries (mainly looking to short/sell).
Quite a simple straightforward trade which could prove to be a big fail considering the FUD going around the project and how it is being called the next $LUNA but from a pure TA point of view this is a very valid trade. Using adequate risk percentage / position sizing is vital and I can't stress enough on that. Crazy funding rates on exchanges right now as...
Distribution Schematic, would appreciate inputs on volume confirmations :)
Quite an easy pattern to spot -commonly referred to as a Triple Top as well by some resources- and a very powerful one to trade (unless you are a breakout trader! 😁). Both the bigger range and the smaller range have printed a swing point which got swept/deviated then retested. I believe we target the equal lows at the bottom of the bigger range next.
I will position myself in a long order on Bitcoin after the equal lows are taken out. Closure below H4 demand invalidates the idea as we'd sink much lower in price if supply beat the demand here imo (and that is where I will be placing my stop loss orders and possible a short stop-limit order if I see fir by then). I will be taking profits at the three H2...
Bearish Wolfe waves - nothing much to explain! Very risky trade, and I am only risking some profits on it. Targets in green (stick to your own stop loss / leverage). Thought we could make use of $BTC's imbalance through impulse and the overbought RSI on the 15m timeframe diving below its RSI's MA for some quick gains. Use proper risk management and position...
Bullish Wolfe Waves forming on Bitcoin. 4 -> 5 broke the wedge with decent volume. Being conservative, I would expect wave 5 to reach the green rectangle. Using leverage is up to you.
Massive descending wedge forming on HTF charts for $THETA. Looks like it is being accumulated right now and a clear bullish RSI divergence adds confluence. ~$2.25 could be a short term target but I am in it for the long term.
Targets in green. Risky trade, just trying out Wolfe on smaller time frames. If you take a look at the 1m chart things might make more sense. :D Use proper position sizing (and leverage) considering the risk!
Bullish Wolfe Waves can be seen on $ATA enclosed within a triangle which is always exciting. I expect to breakout of this triangle through the fifth wave, retest the broken trend, then bounce up from there to continue the movement to the upside targeting the supply point at $0.2580. Wouldn't be a bad idea to also book some profits along the way at the top of the...
Killer bullish Wolfe Wave on the daily chart of Bitcoin (logarithmic scale). Can't ignore the intersection between all these lines; 200 day moving average, 50% fib retracement, 5th Wolfe wave, and price target point of these 5 waves. Kick back, relax, and enjoy the show.
$MASK broke a triangle to the upside and retested it with a healthy fibonacci golden pocket retracement. I personally have started accumulating and will be offloading between $2.5 and $2.6
Missed out on the perfect entry on $UNI, but I will start accumulating now (even if we dip a little bit considering Bitcoin has a tendency to misbehave while ranging). Targeting around $8 as a target. Could be worth keeping some for after $8 if the market sentiment turned bullish in general.
Bullish Wolfe Waves appear on Bitcoin's 1 hour chart. This could be an indicator for short term reversal. Point 5 having a relative increase in trading volume makes me more confident in this setup. I would be using the 1-hour Fair Value Gaps / Imbalances as areas to take some profits with my last target being the local high marked with a green line. Golden pocket...