Hi everybody. Let's discuss the SHIBUSDT strategy for the new day! As expected, SHIBUSDT broke the support level marked on the hourly chart and turned it into a new resistance level that continued to hold the price, in a wave of corrections and sell-offs. It is expected that the technical down trend will likely continue. It is expected that this sharp decline...
Hello friends! Just as I predicted yesterday, the bearish momentum of the BTCUSDT coin is still maintained as it forms a head and shoulders pattern on H1, in a potential bearish channel. It is currently trading at $63,087 marking a drop of 1.09% on the day. Overall, in the current context, both fundamental and technical are signaling a downtrend, we are waiting...
Hello everyone! On H1 before, we can see a changing trend, followed by a strong selling phase, reaching a level of $63,122 at the time of writing. Speaking of breakthrough: The support level at $63,200 couldn't make the BTCUSDT market turn around, and the short-selling strategy continues to prevail recently. The technical downtrend seems to be gradually...
Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action. We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
After returning to the previous ceiling, bonk rejected just near the 0.618 fibo. Therefore, it is expected that it will first break the bottom of 0.025 and then pull back towards the last LH. In that area, we can have a short position with a stop a little higher than the last LH.
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Hi everybody! Breakout from the price increase channel has caused the product to drop in price impressively. It is currently trading at $143.63 and appears to be outpacing the bears entering the market as it not only successfully defended the breakout resistance but also sent the price plummeting 1.06% year to date. in. Overall, the bullish structure is under...
A bearish flag is a technical chart pattern that can signal a potential continuation of a downward trend in the price of an asset. It typically forms after a significant downward price movement (called the flagpole), followed by a period of consolidation where the price trades within a narrow range, forming a rectangular-shaped flag. The flag portion represents a...
BTCUSD Trading Strategy: BTCUSD risks are still tilted to the downside. A Descending Price Channel started to appear on D1, which usually determines our short-term outlook. It seems advisable for investors to consider strategies of selling for profits rather than buying at this time, until the designated support level is reached. From the D1 chart, BTCUSD is...
Hello, This is the daily look at the daily candle on the coin we all love! Now... here is a great example of a potential bullish fractal propagation.... the 2 white down arrows are projections of each other. The white broad trace shows what this sort of expanding fractal propagation can do. exponential growth. I also see some signature moves, and wave...
NZDUSD was in bullish retracement for last two weeks. At the moment we see a good bearish setup, if plays well can give good returns. Keep an eye!
A trading plan is a set of rules that specifies a trader's entry, exit, and money management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.
It’s possible that we drop to the lowest target of around $10,000 - this is the bottom of this bearish trend line shown in the chart. Stay on the side of open mindedness as we enter the weekend on BTC.
The NZDUSD has demonstrated a robust uptrend, with recent observations of divergence on the 1-hour timeframe. Subsequently, a discernible double top pattern has emerged, signaling a potential conclusion to the bullish phase and a prospective transition to a bearish trajectory. In the event of a neckline breach, the recommended trade stance is to initiate a short...
Dear friends! These are RalphBenjamin's insights about the market at this time, let's discuss! On the weekly timeframe, the uptrend remains positive allowing long-term speculators to continue holding their positions. However, the resistance level at 2,400 USD continued to hold last week mainly because the demand for safe haven due to concerns about escalating...
- Fibonacci Identification Identify key price levels using Fibonacci retracement and extension levels. - Entry & Patience -Enter trade at Fibonacci levels with confirmation signals. -Exercise patience and wait for pullbacks in uptrends. -Stop-Loss Placement -Set stop-loss below key Fibonacci levels or technical support. Protects capital if trade moves against...
#USDJPY UPDATE Hey team we are here to update about USDJPY. USDJPY has breaked the main Ascending Triangle Pattern. Getting a good volume here. We can see gain here upto 500Pips+ soon✅💯