KEEP BULL PENNANT PATTERNBull pennant in 15 min chart.
make your own decision.
Do your own research before.
The target on the chart.
Thank you.
Short-long
XRP ❗ Symmetrical triangle😵XRP has formed a symmetrical triangle on the chart with a possible exit downward at 0.90.
Also in the near future we will see news that will significantly affect prices. BTC also stretches downward, so I think that the edge is 0.90, and then to the moon. we'll see what will happen on September 3rd at the trial.
Do you agree?)
Your Solldy.
OMG GUYS.!!!!! THIS IS WHY BTC ISNT CROSSING $50K NOW.**************Important update guys************
(Warning)
BTC isn't gonna cross $50k by september. History has been so unkind to BTC this month for past several years. Add to the fact that last cycle we had a rejection from golden fibonacci level. History is repeating once again guys BTC is going down to .38 level which is around $42k. Also it will be testing the bull market support band there around $42-43k. The RSI is also looking weak on the 4hr and soon it will be showing on the daily too. The rollover is for real.
So instead of putting long order start shorting BTC to $42k and hey don't short to extreme hedge funds or institutions. Let the retailers do the job.
From then $100k is a definite possibility.!!!!!
(As per S2F Model)
Till then happy trading my bears and bulls.!!!
Regards
Dante. An artist of Cryptocurrencies
Silver: Grinding downMarkets find their favoured trend. You can't really know what's what. But with a volatile instrument like silver you could bet it was going to be a big time frame.
So this 6H trend south is most interesting. 'Everybody' knows that silver is going north.
Okay so the present price point is close to the ATR line. Some say 'three times' lucky. Well, if you're depending on luck what are you doing trading? Get to a casino.
The malaise in Gold and Silver is worrying. But I won't be surprised if price falls further south, because in other posts I said that Gold and Silver suffers when there are recessions. Some say, "What recession?".
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Golden pocket (0.618 fibonacci) at $42,513 (BTC) Good morning traders,
Bitcoin made an attempt to break the rising wedge but found support and ended up retesting the wedge which I think is normal because when something breaks a pattern it usually has a retest before continuing.
I've circled the two area's of breakdown and the retest locations. (yellow circles)
Golden pocket (0.618 fibonacci) at $42,513 is an area of interest.
Break below this level and we probably retest the downtrend from ATH's but a bounce from this level should be expected even if it's short lived.
Here's a possible 5 wave count if we do end up breaking down and falling lower.
Please like/comment to show support, thank you.
👍
FuboTV Channel!!Money Makers!
When looking at FuboTV on the daily TF we can see it trading in a nice parallel channel. It's making lower highs into support which is a sin of weakness and may continue lower if support is broken. We'll need to watch closely how this stock reacts at this zone in the coming days.
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Simplicity Wins
NZDJPY: Stay tunedThe chart shows development of a serious 4H trend south. Price now struggling out of an RSI trench and could be forming a reversal or rebellion pattern.
Generally RSI trenches are not places to go short, as basically you're late in the game. Of course price could disrespect the RSI - I've seen that happen - but generally initiating a short in a RSI trench (with a probably rebellion pattern) is low gain and risky.
My plan to tackle this:
1. Avoid FOMO.
2. Wait for a position of advantage - if price returns near a flattened area of the ATR (amber line).
3. If price gets there in a rebellion, then I short with for a controlled loss.
Sorry I don't give specifics nor do I give advice. I give my opinion which is quite often wrong.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTC RISING WEDGE - Up or downBTC is forming an rising wedge at the moment
It will soon decide to go up or down!
DOT new entry chanceThe last idea was posted on Aug.06. You can find the link below. 41% profit since then. Now right on the level that has acted as big support in the past, so now should be big resistance. RSI is high, but not oversold yet on 1hr chart, volume going down and we have a chance for a retest of the previous low. If you are not into scalp trading, a short trade is possible only if that (red on the chart) level is broken, or the support line of this ascending channel. If this ascending channel is broken to the upside, we could see a parabolic upside move, since this is a bearish figure, and if broken down, some bigger correction is in the cards. If still in a long trade, I recommend moving stop loss under the support line of this channel... Below is also a chart of a longer timeframe for the big picture...
CTK under big resistanceCTK got big resistance overhead. Recently got rejected from this level already. If broken, we could expect a possible nice move up...
BTC Possible direction IIBTC perfectly bounced down from resistance trend line of this descending channel I published 14hrs ago. We could see a retest of the support line if some buyers do not show up. Breaking up from this descending channel could be the first sign that we might expect trend reversal.
USCAD Shorting OpportunityUsdCad is inside my key level zone. I am waiting a trendline break then possible entry inside the resistance block with rejection to the downside. On the other hand, if it breaks upside from key level, I'll be looking for longing opportunity.
GBPJPY 4H BUY Great British Pound (GBP) / Japanese Yen (YEN)
4H Time Frame
BUY OPPERTUNITY
Yesterdays bearish analysis was a success
Going from 151.488 down to 150.457 which was actually lower than stated.
According to my analysis at the moment GBPJPY is still bearish heading down towards its support at 150.457 then will carry on down towards its next support at 148.877.
Once its hit that bottom support it should turn around and start racing up towards its high support at 152.512.
I will be doing another update on this pair tomorrow.
If you like my analysis and brief give it a thumbs up.
If you have any questions please feel free to leave a comment or send me a direct message.
I will reply to all messages.
THE CRYPTO PLANET
XAUUSD pullback to prior high in icb pullback to prior high from major resistance level
offering 2 trades
- short during the pullback
-long at the prior high
ICB structure with trend in a CVT
target for the long in the current high due to the major S/R level, so not looking for extension!
market order for short and limit order at prior high for long
Audio in ascending channelWe published AUDIO update on 31. Jul, since then nice LONG entry, was on 04. Avg, and we are in profits 60% so far. Since then, AUDIO has established this nice ascending channel. The million $ question is when and in which direction this channel will be broken. At least for now it looks like we are going to test the lower trend line of this channel. RSI on 1h looking down and MACD lines looks like wants to make death cross... But the volume of this falling move weakens and we also have previous high which now acts as support. Set your levels and wait for the next nice move...
A drop is needed! Hello traders , looking at the weekly chart of bitcoin we see that a correction is needed.. Something that has not been done lately, in my analysis, the market will do its job as always
SUPER in descending channelSUPER formed descending channel, but it could take some time until this breakout takes place... Descending channel is the bullish figure but possible BTC downside movement could invalidate this idea... Be prepared for both scenarios
COTI, big resistance overheadCoti price is near the former big support level, we can expect that this will be big resistance now. When we break it, we could see big and fast price upside movement. So be ready. If you like this idea, please hit the LIKE button to support me. Thanks
Future's CME gap officially FILLED (BTC) 5th wave done (short)Hello traders,
I've predicted the 1-5 wave count from the $44,100 area breaking out of the falling wedge and everything went accordingly to plan and the 5th wave has now been completed.
Future's CME gap at $48,000 has been filled and I'm expecting a violent move down next.
25x longs get liquidated around $44,900.
10x longs get liquidated around $42,222.
Stay safe, and don't fomo you will get destroyed.
ETH PullbackETH Pullback expected since there is Divergence on the 4hr and 1hr charts.
Expect a pullback to the Horizontal Box area which is the Dynamic Support area for ETH.
Therefore Look for Breakouts of the Trend Line to short and Look for Buy Setups along the Horizontal Support. ETH is still Bullish and will climb higher.
*Disclaimer. Not a financial advise.
Please comment, share if you agree with my analysis.
Many thanks
Marlene.
Not so nice picture for BTC near termBearish divergence on MACD histogram and on RSI is not so pretty picture to see from bulls perspective. And seeing that on 12hrs chart, it's really ugly. Volume drops from the middle of this move and all that could indicate that we might see some kind of move reversal. I'm not saying this bull run is over, and not saying that we are going to 100k tomorrow. I just say what I see. And it's quite normal to see the exhaustion of this upward move. We should be realistic... It's very healthy for BTC to pull back and consolidate for further upside movement. Buyers could show up and erase all this, but for now...
