Tommy_Trader

Tommy_Trader

#Viking #Whipsaw #bulltrap #beartrap Recent financial market seems to be distinctively perplexing and bizarre, often leaving us traders in a state of confusion. Ultimately, our job as traders is to structure market fluctuations, which occur with certain probabilities, into trends and Price Actions based on time and price. The so-called scam moves and abnormal...

Tommy_Trader

#BTCUSDT #Daily #ElliottWave #Tommy - Hello dear traders from all over the world! It’s Tommy. It’s been quite a while since I uploaded any contents on EN server. Due to countless issues in Crypto industry as well as the macroeconomic status concerning us about inflation and recession at the same time, BTC recently broke previous low around 17k making a new...

Tommy_Trader

#Crack #Bitcoin #Binance #1D BTC finally broke out the $21,654 resistance, which is the 0.5 level of the Fibonacci trend extension, which has been a solid resistance since the formation of the low on June 18. With a strong bull trend, even the purple convergence top has been broken, and it is currently confirming support at $21,654. If the $21,654 support is...

Tommy_Trader

#Crack #Bitcoin #Binance #1D The support in the $19,828-$19,118 section, which was mentioned as very important in the previous briefing, succeeded, and it held the previous candlestick along with a buying trend, showing the possibility of a rebound. However, it can still be viewed as an extension of triangular convergence or an extension of a bull trend, and...

Tommy_Trader

#Crack #Bitcoin #Binance #1D Since the last briefing, the buying trend has not been continued, and it is showing a trend change by making Doge Candles and then falling. At this point, the blue medium-term bearish wave does not appear to have broken through the resistance of the 0.5 level Fibonacci trend extension, and it looks like Bitcoin will soon reach a...

Tommy_Trader

#Crack #Bitcoin #Binance #1D After the progress of the two large trend continuation patterns, convergence appeared again, but the bullish breakout with a strong bull candle. In the big picture, resistance can be expected when the orange long-term support line has moved bearish, and when it rises again, resistance is expected. We can expect resistance around...

Tommy_Trader

#Crack #Bitcoin #Binance #1D We explored all possible support zones using bearish continuation patterns and their Fibonacci extensions. Please take it lightly, as it is only analyzed as a Fibonacci trend extension of bear trend patterns without any other technical analysis. Sections containing the Fibonacci trend extension level of the large turquoise bear...

Tommy_Trader Updated 

#Forex #EURGBP #Daily #Midterm - Here’s EURGBP 1D chart. A lot of FX pairs have shown some high difficulty with frequent moves that are quite unpredictable. - As can be observed from the chart, there are a lot of noises, stop huntings, bull/bear traps, whipsaws, and long candle tails. - Consequently, such strategies with wider risk/reward ranges on higher...

Tommy_Trader

#AAPL #NASDAQ #1D - Here’s Apple daily chart. Compared to other stocks within NASDAQ, the correction of Apple is not that much fearful, YET. - After breaking bottom of the black channel and blue trendline, it dropped about 14% more and at the same time formed a green falling wedge. - I would definitely be bullish in short-term if Apple breaks top of the wedge and...

Tommy_Trader

Hello everyone. Today we’ve prepared a comparative technical analysis for S&P500, NASDAQ, and Bitcoin in macroscopic perspective by observing daily and weekly charts. Line charts for future commodities from CME were used which are ES1, NQ1!, and BTC1!. Also, in order to observe possible trend reversal signal, RSI indicator with default length of 14 was referred...

Tommy_Trader

- Expecting USDJPY to get rejected by top of the parallel channel and make a HH. - Regarding recent patterns that have appeared in many commodities such as crypto, stocks, futures and FX, being aware of a possible bull trap or a whipsaw is important. - Entering short at the top of the red channel or after re-entering blue trend line might be some good trading setups.

Tommy_Trader

#Crack #Bitcoin #Binance #Daily - In the end, a bearish breakout of triangular convergence and a bearish breakout of the $28.1k important support line appeared. - In the medium to long term, additional drops should be kept in mind because the $28k line support has failed. If the long-term bearish Fibonacci extension level of 0.618 and the support near $25,890,...

Tommy_Trader

#Crack #Bitcoin #Binance #1H - Bitcoin has failed to break out the $30,655 resistance and is in the process of convergence in the short term. - With the failure to break out the $30,655 important resistance line, the possibility of further drops should be left open, and confirmation of the $29,301 important support seems critical when the convergence bearish...

Tommy_Trader

#Crack #Bitcoin #Binance #Daily - The convergence break out has finally appeared. - An bullish breakout of convergence has appeared, and an additional bull trend can be expected with the closing above the $31.6k resistance section. - When looking at the trading volume, a strong volume appeared up to $26,700 touches, and it is still premature to expect a clear...

Tommy_Trader

#Crack #Ethereum #ETHUSD #Binance #Daily - Ethereum is testing the support of the section $1,651.51-$1,786.12, which provided strong support from May to July of 2021. - The Fibonacci expansion of the bear trend was supported by the 0.618 level, and VP was made, but the 0.618 level support failed in the bear trend that appeared the previous day. - The...

Tommy_Trader

#Crack #Bitcoin #Binance #Daily - Without breaking the resistance of $30,444.93 mentioned in the previous briefing, it looks like Bitcoin ended with a bearish convergence due to the emergence of a sell-off. - We need to prepare for a bearish trend, but we also need to keep in mind the possibility of an extended convergence. - A successful $28,715.32 support...

Tommy_Trader

#Crack #Bitcoin #Binance #Daily - It looks like the convergence is still in progress. - An attempt was made to break out the upper end of the convergence, but it was finished without breaking the resistance of the upper end of the convergence. Last week's strong resistance of $30,444.93 still remains. - If the bull trend closes at $30,444.93 today while...

Tommy_Trader

#Crack #Bitcoin #Binance #Daily - Buy signals for inflection are shown in the rsi_candle and racd indicators, but Bitcoin failed to break out the $31k-$31.6k resistance and is showing signs of hang back once again. - In the rsi_candle indicator, the oversold signal rebounded with the appearance of a golden cross in the racd indicator, but the rebound failed, so...