theTAguy

theTAguy

This idea is to provide a better lookout for support and resistance lines. Please consider these lines before taking major trades. Have a better look at the weekly timeframe here:

theTAguy Updated 

Hey everyone, I have come back with a new study on Bitcoin. This is all based on my observations, do read the whole idea! The chart must be looking very messy but let me explain the whole thing to you. I have used two tools here: Trend-Based Fib Time Fibonacci Channel Trend-Based Fib Time This tool is very helpful in predicting the future highs and...

theTAguy

Hey everyone, let’s do a multi-timeframe analysis on Shiba Inu today. We will use top-down approach along with the Fibonacci Channel on the log chart. Daily: Currently in downtrend, forming lower lows and lower highs, consolidating in a parallel channel and has broken out, but still with a less volume. It has much probability to reverse back to the channel, it...

theTAguy Updated 

Hello everyone, how are y’all? Bitcoin has already Broken a major demand zone, what should happen now? Let’s check the news first before going into the technical analysis. There is a major fear in the market because of Russian Central Bank’s proposal to completely ban cryptocurrency trading and mining in the country. Russia is the 3rd major cryptocurrency...

theTAguy Updated 

Hey everyone, Here is a quick analysis on XAUUSD. We can see multiple breakouts on gold, which is very bullish. Check out weekly chart, here it is breaking out of the triangle, it has already given a fake out but it is trying to break it again, took a pullback and made 2 bullish candles. Check out the daily chart. Got closed in the supply zone, might break...

theTAguy

Hey everyone, how are you all? Let’s discuss Pitchfan and Fibonacci Channel on S&P 500. There are some bearish news in the market. The news includes Federal Reserve’s stance on increasing the interest rates, making investors shifting into the bond markets. Netflix down by 22%. Your trades should always respect the fundamental analysis. Don’t try to go against...

theTAguy Updated 

Hey everyone, hope you all are surviving the dip. Bitcoin has been taking a correcting for a month now. Got pumped a little by the FOMC news, but still the selling pressure is high. It has been consolidating in a falling wedge pattern, which is bullish. The 2.618 Fibonacci circle is nearing which is a possible trend reversal. Currently above the red median level...

theTAguy Updated 

Hey everyone, Let's do something different from Forex and Cryptocurrencies markets. The Indian Stock market index. Nifty, on higher timeframes, seems like a cryptocurrency chart. Currently it is rallying upside like Bitcoin did at the end of 2020. The bullish charts look fruitful to beginners but it is a huge trap set by the FIIs or the Smart Money. They make...