Nasdaq is on the 5th sideways 1D candle, the first neutral (or non-bullish) sequence since the rally started on January 6th. It is doing so after being rejected on Resistance 1, which was formed by the High of September 13th. Trading Plan: 1. Sell if the price breaks below the MA50 4H. 2. Buy on Support 1. 3. Buy if the price breaks and closes above Resistance...
Dow Jones is trading within a Triangle pattern that starting forming on November 3rd. So far we have have several rejections within its Lower Highs zone and rebounds within its Higher Lows zone. Trading Plan: 1. Buy when the price touches the Higher Lows zone. 2. Sell when the price touches the Lower Highs zone. Targets: 1. The bottom of the Lower Highs zone. 2....
Bitcoin has been trading inside a Channel Up since Januaary 21st. The MA50 4H is the pivot. Trading Plan: 1. Scalp the Bollinger Bands short-term. 2. Scalp the Channel Up medium-term. Targets: 1. Range 23280 - 22700. 2. 22800 - 24100. Tips: 1. RSI 4H is in a Channel Down. Bearish Divergence spotted. Please like, follow and comment!!
Bitcoin has formed a Head and Shoulders pattern following the break-out below the Channel Up and the MA50 4H. Trading Plan: 1. Sell as long as the price is under the 23500 neckline. 2. Buy above the 23500 neckline. 3. Further Sell under 22300. Targets: 1. 22500 (top of Support 1). 2. 25400 (representing a +13.10% rise, a norm during this rally). 3. 20500 (top of...
The S&P500 is about to form the first 1D Golden Cross since July 8th 2020. The Triangle pattern is holding and the price rebounded today on the MA200 1D. Trading Plan: 1. Buy on the Support. 2. Sell candles near the Resistance but have to close below it. 3. Buy candles that close above the Resistance. 4. Sell candle that close below the Triangle. Targets: 1....
XAUUSD entered a High Variance Zone dating back to August 2020 where it is usually highly volatile. On most occassions (with highlighted examples Nov 9th 2020 and Jan 6th 2021) it caused a strong fall. On two occasions it caused an extremely quick price jump to the 2075 Resistance. Trading Plan: 1. Buy if the price breaks 1975, expecting a very sharp and quick...
Gold is trading inside a Channel Up for the whole month of January. Every impulse rise has been +/- 2.80%. At the moment we are in the middle of the latest impulsive wave. Trading Plan: 1. Buy on the spot. 2. Sell if the MA50 4H breaks. Targets: 1. 1950 (2.80% rise) 2. 1880 (top of the Demand Zone). Tips: 1. The MA50 4H hasn't been crossed since Dec 29th....
Bitcoin staying above the MA200 1D is definitely a bullish sign long term. The MA50 4H is the short term catalyst and so far it supports. The sideways volatility we see this week is comparable to Oct 26th-31st, which after one last high, it broke down. Trading Plan: 1. Wait (or sell) for the price to break the MA50 4H. 2. Buy if it breaks the 21650 high. 3....
EURUSD is trading in a 2 month Channel Up. The major impulse rises have been +/- 3.90%. Since Dec 14th we see a structure reminding of an Inverse Head and Shoulders. Trading Plan: 1. Wait (or sell) for the price to pull back and test the MA50 1D. 2. Buy if it breaks the Jan 18th high earlier. Targets: 1. 1.1000 2. 1.1300 Tips: During uptrends, best risk...
Pattern = Ascending Triangle Action = Buy on the ascending support, Sell on the Resistance Zone. Buy if the top of the Resistance Zone breaks. Target = 0.054120 (the high of October 16th). Please like, follow and comment!!
The S&P500 is rising while its RSI is declining. Technically the trend is losing stream. There is a clear Support Zone range 3880 - 3890 which we are looking for a pull back buy. If the Channel breaks first, instant buy to the 4095 - 4100 Resistance Zone. Please like, follow and comment!!
Pattern = Channel Down on the 1D timeframe Action = Sell either on the 1D MA50 or the 1D MA100 (both being Resistances with heavy rejections within the pattern) whenever the price hits the double top zone. Target = 70.10 (Dec 9th low). Please like, follow and comment!!
Pattern = Channel Up on the 4H time frame Action = Sell as 1) the price is at the top of the pattern and 2) the RSI is on a bearish divergence Target = The MA50 (blue line) * Buy on the MA50 as long as the price is above it or if it breaks on the MA100 (orange line). Target top of the pattern. Please like, follow and comment!!
Bitcoin rising steadily in 2023 on higher lows. As long as they hold it targets 18400 (Resistance) and the top of the 5 month channel down but if they break it can drop back to the bottom as it did on the November crash. If it breaks the Resistance, the channel down is invalidated and Bitcoin will attempt to fill the FTX crash gap. Please like, follow and comment!!
XRP is trading within a clear rising range however it is in danger of falling further if the dashed line breaks based on the May fractal. It is best to buy above the dotted line or below the ranged channel within 0.300 - 0.2500. In both cases the target is the 0.5590 Resistance. Please like, follow and comment!!
The Binance Coin is trading in range, a wide belt that is holding since mid May and has broken only twice. Besides that, we see a Channel Up since June 18. Perhaps the strongest formation right now it the repetition based on the RSI of the August/September price action. If extended, this can break above the range and within 380 - 400, which will make a Higher...
Pattern: Ethereum is trading inside a Triangle since June 18th and right now it has been below the 1D MA50 (blue line) for a full month. Action: Sell below 1D MA50, buy above, target bottom and top (dashed lines) of the Triangle respectively. Notable: 1D RSI forming a pattern similar to mid June/July. If sustained it can finally break above the Triangle and much...
GRTUSD hit today the 4H MA50 (blue line), where last time had a rejection (Nov 23). Pattern: Falling Wedge, 4H time frame. Action: Buy target Fibonacci 0.5 and 0.618. Sell if rejected on the top of Falling Wedge, target 0.05200 support and -0.382 Fibonacci. Buy above the 1D MA200 (orange line). Please like, follow and comment!!