In the market we often see inconsistent trends that occur between different cycles. For example, at this time today we may think one asset is strong such as the US dollar, but instead today it may occur that in reality the US dollar is weak today, only to see that the following day the US dollar is once again stronger, or next week after a week of bearishness. One...
I'm sure many of you have experienced this before. Me included. The market moves against you, so you extend your stop loss. The market moves against you again, so you extend your stop loss again, thinking that the market will reverse in your favor. We all know what happened next. The market never reversed and you lost a huge chunk of your capital. It is very...
The double bottom candlestick pattern is really the exact inverse of the double top pattern. It forms after strong bearish moves and has a ‘W’ type shape to it. A double bottom signals bearish exhaustion and is formed when the bulls start to take control at a specific support level. The bears drive prices down into this support level where the bulls step in and...
1. You should not expect that the loss-making trades will ultimately lead to a reversal and profit. You should not build up a position on it, proving to yourself that you are right. The best solution would be to exit the position and accept your losses, as they are inevitable in stock trading. 2. Stop loss and take profit should be based on the market situation,...
Bitcoin has been rather boring in the past few weeks, just hanging around this consolidation zone. I have my eyes on this level off fibs, we have a bullish engulfing and now an indecision candle at the 38 I would like to see it test the supply zone and give us a decent break out of this consolidation zone Note : Supply zones are determined buy the last Green...
BTCUSD (Update) In Daily Chart, Bitcoin forming Ascending Triangle Pattern. Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days) In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666. If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k) By the Way, Volume has been...
#BTC (Update) In Shorter Timeframe, Bitcoin Forming Expanding triangle Pattern...!! 3 Days ago, Bitcoin tested the 10.4k Resistance (Higher High) but Rejected it. At the Moment, Holding the Crucial Support (9.3k) But Big Move Ahead. Now There Are Two Possible Scenarios.. 1- If Bulls lost the Support, Bitcoin might form Another Low (Might test 8k Area) 2-...
BTC/USD (Update) In Weekly Chart, Bulls Facing Crucial Resistance (9.6k) If Bulls Cleared the Resistance, Expecting Bitcoin Bullrun in Coming Weeks.📈 If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 6k Area in Late June..!! Volume has been Decreasing from last 4-5 Weeks, While Bulls Need Power to Clear the Resistance. I think Bitcoin Might...
XBT has failed to break resistance 3 times now. overall trend still bullish however we are long over due for a pullback. I think we should see some new market structure here and perhaps a drop down to the demand zone. I will be watching closely for shorts XBT/USD 4hr
After a 17% drop over the weekend we now are back in a nice consolidation zone. this level is right on our 61.8 fib level, it also lines up with previous structure before we seen a move to 10k. Short term we may head down and test the trend. IMO it wont break that overall trend and we will see another move up. I am seeing a lot of these candles in this zone...
XBT has created new market structure and we are back to the price level pre covid-19 There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it. XBT is a no trade zone for me at this stage. I will be looking for shorts...
I am seeing signs of a retrace now. we have failed again to break through the supply zone, forming a double top. I think we will see a bounce around at the 1st demand zone before potentially breaking down to the second zone XBT 4hr
a few minor changes from yesterdays chart, today we broke out of the consolidation zone in a bearish move but the bulls came back and stopped the price getting through the demand zone. also lines up with the 61.8 on fibs I am thinking we are going back up to try and break that resistance level once more. XBTUSD 4hr
XBT looking very indecisive as we move slowly through this current consolidation zone. I am waiting for a retest at resistance to see if we can create new market structure. XBT 4HR
BTC/USD (Update) In 8h Chart, EMA200 (7332) & EMA100 (6950) Both Are Play Important Rule As Key Support & Resistance Level. At the moment, Bulls holding the EMA100 (Support) & Pushing the Bitcoin price towards EMA200 (Resistance) Now If Bulls Cleared the EMA200 (Resistance) & Weekly Candle Close Above it then Bitcoin Might PUMP Hard in Coming days (We Could...
Every Major Fib that could matter.
still in the consolidation zone after the weekends drop. In my opinion we bounce around in this zone for a few days before we see another move Current direction is up however trend bias is still bearish. XBTUSD 4hr Let me know your thoughts
BTC/USD (Update) Bitcoin Has been Moving Inside the Ascending Channel & Facing EMA100 In 8h Chart. Now There Are Two Possible Scenarios!! 1- If Bulls Lost the MA50 & Channel Broken down, then It Might Crash Hard towards 4.8k Support. 2- if Bulls Clear the EMA100, then It Might Test 8k Area. (Major Resistance) Please like the idea for Support &...