LuxTradeVenture

LuxTradeVenture

Solona looks to be in a Bull Flag Pattern with price declining 18% Break through of $241 would be a trigger of this Bull Flag. TP1 - $270 TP2 - $283 TP3 - $301

LuxTradeVenture

Previous post suggesting a ABC correction on Bitcoin is now confirmed with the break of 94611. Altcoins will follow suit and i expect to see dumps of 10-20% on some altcoins. Be on the lookout over the next few days as we will see prices come down which allows us traders to get into trends which we may have of missed.

LuxTradeVenture Updated 

Momentum has stalled on Bitcoin after failure to capture 98k. This area has strong supply and we are likely to see a negative week on Bitcoin after weeks of unprecedent price levels. ABC correction is in motion. Leg A was from 99500 - 90800 Leg B was from 90800 - 98600 Leg B-C is from 98600 - 86000 My belief is that we will see Bitcoin come down to 86000...

LuxTradeVenture

Since the gap up on Gas price has moved volatile between 6.97 and 6.40 Price has come back into the area of support with a potential exhaustion to the downside coming to a close. Simple price action setup... The first pattern connector provided a 6% swing to the upside. Could the new pattern connector deliver the same??

LuxTradeVenture

Huge volume spike on levels not seen for since May 2022 Could this pair be loosing steam and a potential move to the downside lurking?? Price in an ascending channel RSI exaggerated divergence snapshot The recent price action was very similar to the BOJ intervention 22/09/2022, Using factual theory's we could see price bounce from this area but unable to...

LuxTradeVenture

Here we have a textbook Head and Shoulders Pattern after a strong uptrend on natural gas. The volatility between the head and the kneckline was 19% so we used this as our main take profit area. At first it seemed too much of a price move however 4 weeks later not only did we get past the 19% take profit area, price went down further to 26%. This was a big...

LuxTradeVenture

We have some heavy price action which has recently broke and this could be the sign of XRP climbing upwards to key levels not seen since May. 1) Weekly Trendline - this has been in state since November 2021 - this hasn't been broken since price action in late September (Bullish) 2) XRP has Strongly broken out of 100 day range trading between $0.30-$0.38...

LuxTradeVenture

Looking at a potential move to the upside for ETH - price has bounced away from the 1260 support area and now is looking to take on resistance areas such as the 1355 and 1375. Any potential upside on ETH will be short as we look to the HTF which suggests the continuation of the order flow (Bearish) If price was to break these areas, the next level to look to...

LuxTradeVenture

Week 38 has been very eventful to say the least. On Wednesday we had the Fed raise interest rates by an expected 75 basis points for a third consecutive time. This created uncertainty within the markets which provided us traders with volatile conditions. SPX went down 6.2% after the meeting on the 21st however the dollar gained even more strength which is...

LuxTradeVenture Updated 

Pullback Candle will signal when price is at the end of a pullback and entering a balance phase in the market (works on all markets) Also we can expect a Pullback Candle during flash crashes as the theory of this script is when there is a turning point in momentum - this candle will appear and we can look long from this signal. This candle will only work in...

LuxTradeVenture

Massive drop on LUNA over the last 48hrs along with their stable coin UST. Got some good Rally Candles which provided good results. We could see price reach to the 1.00 Fibonacci Extension as Supply is completely outweighing Demand.

LuxTradeVenture Updated 

Using leading indicators to predict the next leg of the trend direction. Using Elliot Wave, Fibonacci Extension, Structural Areas of the Trend Direction and HTF Daily 9EMA value on the 6H chart.

LuxTradeVenture

Yesterday was a wild day for Crypto, Stock and Indices (this gave us intraday traders an exciting day) A half-point interest rate hike by the Federal Reserve, the largest hike since 2000, which was done in an attempt to corral record high inflation. ETH failed to reclaim back the $3000 mark and we had a picturesque Supply Pattern. Stop loss = 1% Risk Take...

LuxTradeVenture

Crypto is struggling to break through key areas to flip the sentiment to bullish. I follow what I can see on the charts and not the noise (hype) on platforms such as twitter and YouTube. (seeing is believing) Bearish conditions means bearish confluences and we saw this on FTM a couple of days ago, we had break of support and retest on the 25/04/2022 Bearish...

LuxTradeVenture

One major similarity between poker and trading is that they both involve incomplete information. A poker player may have a strong hand, but he or she is still not 100% sure of what cards other opponents hold. The same thing applies to an investor/trader who may predict a good return but may not be 100% of it. So, decisions in poker and trading are often based on...

LuxTradeVenture

Channel Trading consist of price fluctuating between two parallel lines which forms the channel. We look to buy when price is bouncing off the trendline connecting the Hl and look to sell when on the upper trendline connecting the HH I wont speak too much on Channel Trading but if so please drop a comment. We have the bearish set ups on the left side of the...

LuxTradeVenture

Todays set up on Luna Chart pattern (Symmetrical) Rallie cande (Atr Stop Loss + Reward 1.5) RMultiple of R5 Volume breakout Price has broken the area between 100-200ema (white) Retest on Moving Average Break

LuxTradeVenture

Price action set up using market structure, chart patterns, Elliot Wave Impulse, Volume breakout. Building on a script which i will be publishing in the future.