Buying Setup based on bullish divergence formation at the strong potential reversal Zone in Support area. it is advised to go for buying position after you have confidence in the buying momentum.
With USA elections looming, geopolitical instability and wars intensifying in the middle east looking at the price action on SPY, currently retesting 570.00 region after swinging in the past two weeks between 574.00 - 565.00. Technical indicators show a possible buyer exhaustion and now a sellers market with investors taking profits therefore possibly driving...
Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2685.58 ended wave 3. The metal then did a pullback in wave 4 with internal subdivision as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 2654.68 and wave (b) rally ended at 2677.86. The metal extended lower in wave (c) towards 2643.02 which completed wave ((w)). Rally...
"In this weekly chart of Others/BTC, I’m analyzing a possible continuation of the downtrend. Over the past few months, Others/BTC has followed a pattern of sharp declines followed by brief recoveries. The highlighted areas show previous 60% drops, marked by the yellow downtrend line and blue retracement boxes. Currently, the asset seems to be repeating a similar...
GM crypto bro's, this morning BTC continues its decline, with the Fear and Greed Index now sitting at 41 in the fear zone, and the Stoch RSI still in the oversold area. Looking at the price action on the H4 timeframe, there’s a small chance BTC could reclaim the 62K area, but the probability of further decline to 59K is higher. With the weekend approaching, we...
The CAD/JPY pair on the H1 timeframe presents a potential selling opportunity @ Resistance Zone Key Points: Sell Entry: Consider entering a short position around the current price of 108.25. Target Levels: 1st Support – 106.65 2nd Support – 105.48 Stop-Loss: To manage risk, place a stop-loss order above 109.02. This helps limit potential losses if the price...
If the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. DXY is going up but so BTC.D as you can see here: I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would...
Let's say this pair breaks the chart pattern and goes up, how far up can it go? How certain and confident would you feel as it rises knowing that the pair started to rise from a resistance level rather than support? How much money do you have? How much money do you intend to make? What are your goals? What are you doing here? Why are you trading? If you are a...
There seems to be falling wedge pattern on the 1h chart which indicated buying pressure. However if we looses this zone it would crash down to a highest demanded zone period marked on the chart. But for the good, there are visible gaps in the chart which higher possibility of covering them to the upside..
The pair looks like it may pause a little, and it has run upward quite sharply. The stochastic is slightly positive, and SMI plus the AO all suggest we may see higher before we correct again. I am inclined to be BUYER @ 17.4350-17.4700 and place profit order @ 17.6850 for now. SL based on personal risk appetite.
Here is a chart where we do not have a bottom. We do not have a bottom pattern and no reversal signals. There is no bullish breakout, no rising volume, nothing. We can find something by looking at some indicators but all these signals would be weak. Now, consider this, how far lower can it go? We've seen how a strong bullish breakout, a surprise move, can...
- I believe market has turned daily support into resistance and seems to be respecting it - We got a FVG at 4 hour support that needs to get hit - I also believe we are in the process of creating a lower low on 30min chart
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Can we say that the bottom is in? In this chart, AXLBTC, we can see a consolidation pattern (sideways) after strong bearish action. The fact that prices go flat after a strong bearish wave tells us that the bearish wave is no longer viable. It tells us that the bearish wave is over. Now, a bearish wave ending doesn't necessarily lead to a bull-market, there can...
Ryan: I think everyones being a little silly 🙂 🐻: ... 🥤 Ryan: We are going to all time highs 🙂 🐻: Drink this Ryan... 🥤 Ryan: Gulp.... 😪 ehhhhh.... 🐻: Yessssssss..... drink up now... there you go Ryan: 😴
Here's what that means. A long-term view. Traders, The pressure is on for these altcoin bulls to run through the end of the year. However, we are flirting with disaster this time around. Here's why? From the beginning, the 350 DMA (or 50-week MA) has always told traders whether we were in a bull market or a bear market. Though periodically, the price did stick...
Weekly Imballance + Trendbased Fibonacci + Fibonacci Analysis. We'll See how it ends up.
Entry: above 189.33 Volume: above 15.1M Target: 204.10 area (this is an area, no guarantees, you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 189.33, 182.02 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or...