Here is the price of Bitcoin compare with 2019 bottom zone (below 4200). Let't use Invert Scale on 2019 chart, here is the pic: Look how similar the look now. I marked 7 phases in between Feb-Apr 2019. Phase 1 (red box) Price in 2 days making small dump and sideways, then suddenly pumps. Then moving in sideways without volatility. In 2020 we see similar...
Shares are breaking out to the topside of a long term triangle pattern Long term bottom established at 2650 support
EURUSD has broken out from the bullish flag, up through the diagonal resistance. Therefore, the target trade is long. However, I'd wait for the small horizontal structure breakout, which would be a signal of strength for us. It is important to get a good entry price because there is no reasonable level nearby to place our stops below it, and so one might want...
Looks like GBP pairs could be bullish next week. GBPUSD has broken out of its H4 downtrend structure and pushed above our horizontal zone and came back to re-test as support with price action showing signs of rejection. Further confirmation with our fib golden zone being touched and bouncing as price momentum looking favourable to the upside. Price had closed with...
Trying to make heads or tails of where this market is going. Volatility has stalled and I am seeing mixed signals on various indicators and time frames. BTC Moon or Doom will be a series of charts that I or anyone can look back on to see what method of T/A was the most accurate. Charts of this series will be named "BTC Moon or Doom (1) ----> (?)" Different...
These are my thoughts on TSLA. They are meant to give you an idea, not trading advice. To be honest, I didn't want to look into TESLA, because I thought it would just be a giant bubble, and bubbles a not worth your money unless you're lucky enough to have bought them at the start. Buy the rumor sell the news. But since TESLA is a company that does excite me...
We were early on our VIX call back in May. In essence, being too early is = being wrong. We come back at the VIX with a fully-loaded trade plan. The fundamentals line up and we cover them. The technicals line up and we chart them. Assymetrical? check. Thorough? check. Logical? check. Oh, earnings season...will you please speak truth to dem der bulls?
ETH/USD - Coinbase Disclaimer: This is not financial advice and not a good speculative strategy. On the contrary, it's simply a "how to survive" strategy that is still not perfect and changing all the time. However my underlying chart and thinking has largely kept me safe from any MAJOR losses (knock on wood). I also drew this trend line several years ago....
The Awesome Oscillator (AO) is displayed as a histogram showing the market momentum based on a comparison of the simple moving average (SMA) of the last 5 price bars median to the simple moving average of the last 34 price bars median. MEDIAN PRICE = (HIGH+LOW)/2 AO = SMA(MEDIAN PRICE, 5)-SMA(MEDIAN PRICE, 34) When the momentum of the past 5 bars is weak...
The Nifty is now pressing up against resistance as represented by the upper boundary of a rising wedge and the Aug 2019 low. The Nifty is on my radar for a short trade with over-weighted leverage. In order for me to establish a short position it will be important for the advance to stall out in the 10,600 zone and push sideways for a week or two. A close above...
The pair is trading near the massive 5 year downtrend resistance. These ones don't get broken easily, let alone in one go. Therefore, our target trade is a short. However, there is a small horizontal resistance right below it, and the bullish triangle that is now forming is signaling that the market is preparing to break it. TRADING PLAN: Wait for a breakout...
1) Bullish impulsive move on a higher time frame followed by a correction phase 2) Double bottom 3) Broken structure with New Higher High 4) The price might be moving sideways until it touches the trendline
We present you with our selection from the open-source indicators published this month on TradingView. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. If we missed any, please let us know. Most of these...
Interesting point for copper - at cusp the cusp of a breakout from downtrend, if so $3 levels and then $3.30/lbs look achievable over the next year.
Pre-market, we see yet ANOTHER large leg up for TSLA. At this point, it seems there is little to any resistance here (breaking outside previous channel trendlines. Notable: Telsa is now far above its 50, 100, and 200-day moving averages. Next stop?
H4 - We have a key resistance zone that has formed by the 100% (1778.34) fibonacci expansion level of the first wave and the 61.8% (1794.43) fibonacci expansion level of the second wave. The price which was moving higher reached this key resistance zone, respected it and is currently holding below it. Bearish divergence. H1 - We had the first leg to the downside...
💡Hello traders, Hope you are having fantastic summer and also are finding time for trading as well :) I will really apricate any likes and follows, that would help grow this channel. We made some nice pips with this pair last week. Now price again is at the same support line and if rejected we are going to look for Long positions. Let us know what you think...
Bullish Pennant on weekly plain and simple to see. Over 75% filled. If we don't break out to upside this time around and retest that resistance line, well then expect low 5ks again. Trading plan done.