Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
This is one of those charts that does not need a huge amount of explanation. It is a 5 day chart comparing October 2020 (prior to the bull run that followed over the next 6 months). There are many fractals with that time and the present day. 1) Notice the life cross? Green arrows. 2) Notice the 5-day/200.sma resistance before the breakout? Red arrows? 3)...
This not a pro long or short idea just a general test of the 15M super trend indicator that I believe more people should look at as a helpful tool to validate or invalidate any ideas
The guppy has been steadily rising for the past 18 trading days after a significant drop due to likely BOJ intervention. So, what’s next? In my opinion, this pair is highly overbought across all time frames. A correction seems imminent. If you look at the daily chart, the steep and prolonged uptrend suggests a significant drop is likely. The 4-hour chart...
Since May 2021 Ethereum classic has corrected 90% as shown on the above weekly chart. Unlike many legacy tokens ETC is one of the few building structure. The reasons to now consider a long position include: 1) Trend reversal, higher highs higher lows replace lower highs lower lows. 2) Support and resistance. Price action has left the long term downtrend channel...
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for...
On the above 3-day chart price action has corrected over 90% since the sell signal (not shown). Now is a good long moment. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Price action confirms past resistance as support 4) Price action confirms support on the golden ratio. Is it possible for price action to fall further? Sure. Is it...
On the above 4-day chart price action has corrected over 75% since the long idea published earlier this year topped out. Now sellers using emotions have provided you with a 2nd opportunity to go long. Why? 1) You know why.. The same conditions as before. 2) Price action resistance breakout. 3) Support and resistance. Price action returns to past resistance....
Hey everyone! Coming on here with another breakdown of the commodity Gold! Let's dive in! OK so what I am seeing is a potential for Gold to actually soon make a move to the downside. What leads me to this conclusion is the fact that first off Gold is sitting around all time highs of $2,450 PER OUNCE for this commodity. Literally never seen before. Now of course...
Last week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the...
On the above 3-day chart price action has corrected 80% since March of this year. (Remember 90% of traders lose money, this is now reflected in price action). A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action finds support on the Golden Ratio. How you should think of this, there’s more buyers now...
Long XAUUSD, 8H entry 2336.380 - 2321.240 sl 2277.045 tp scalp 2395.330 tp1 2478.681 tp2 2572.173 move sl to entry after price reach 2395.330 ; price shouldn't retest entry again. OANDA:XAUUSD
On the above 10 day chart a 50% correction on price action has recently printed. For the last 3 years price action has been in a downtrend with a total correction of 95% as identified by the blue arrows. A number of reasons now exist to consider a long position, they include: 1) Price action resistance break out and trend reversal. The recent correction was in...
Very similar price action to ES, just with a few extra signatures. I will be awaiting more data for me to make a clear decision where price action is most likely going to draw to.
Areas of interest is $69,000 - $63,300 The range is wide as choppy price action do not provide high accuracy on a macro level
Last week was packed of rangebound action but Wednesday was the day that changed the market structure, shifting to the downside. Expecting a relief rally upto 4.450%
Market Structure Bullish on HTF Weekly and Daily at the same AOi Weekly Rejection at AOi Daily Rejection at AOi Around Psychological Level 1.63500 H4 EMA Retest H4 Candlestick rejection Levels 1:6 Entry 80% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is...
H4 Analysis: Analysis/Bias remains the same as analysis dated 24 May 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously...