The reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a...
Price continues to consolidate on the daily chart so I take a look at any price action in the hourly charts. I see a potentially bullish hammer setup on the hourly chart off of a key price level. If the candle closes as a hammer and breaks above we may see that next strong bullish move up.
I take a look at the 3 bearish patterns that have formed consecutively in bitcoin that gave traders 3 clear opportunities to get short. First a head and shoulders, then a flag, and finally a pennant. I then take a look at the nearest major price resistance level where we can look for any price action signals to get short again and follow that overall bearish trend lower.
Ethereum has been on quite a bullish tear since early April. While price has pulled back and consolidated a bit, the markets could be winding up for it's next big breakout! There have been 2 fantastic bullish candlestick setups in the past few days. The first is a morning star setup that formed as a large, high quality signal. Price continued to consolidate...
Buyers have returned to the S&P500 with a bounce off the top of the Ichimoku cloud.
Nice Doji candle indicating possible fall and strong down movement.
Reason why we sold GBPJPY
W1 Rejection with Tripple Top
Be wary of the breakout to the upside owing to the Daily EMA's
Update on BTC and highlighting that I'm looking to start implementing supply and demand zones within my trading strategy. I've been looking and studying S&D for a little while and feeling confident to start adding it to the mix. My overall goal is to utilize it and candle patterns as my main strategy. As I've mentioned before 99% of indicators are lagging and...
Not to much new to update form yesterdays video... I still believe litcoin will pull back to the area mentioned in the video, presenting sub $200 buying op. The video really covers candle stick pattern that played out in my opinion across four (4) timeframes... possible 5 depending on how the day closes out. Just saying!!! I hope you enjoyed the video......
My way of trading scalping by 30 min with Candles
Really quick video to follow up on my video earlier today. Nice close bullish on BTC today and seeing nice bullish candles on the 4HR. I believe the next key level to break will be 200EMA on 4HR to in general get price action above this level on all charts. Longer term, will like to see a break and close above the larger downard trendline i have on my charts.
Looking at a rejection on the cross section of x2 Weekly Trendlines. Waiting for candlestick confirmation as could still be bullish.
BINANCE:ICXBTC BINANCE:ICXBNB Mainly said what I said in the video. Looks like the small downtrend was broken already and heading to correct it self upwards in the near future. Sorry I kept saying strong resistance line when I meant support line haha since there was one right above it.
Scanning my daily charts before heading to bed and something caught my eye on Golem. Check out the video to see what I saw. I hope you enjoy and remember to like and leave me a comment.
I have reviewed the Last EURJPY trade and explained why we have to make the first trade stopped out and then re-enter the 2nd one. and why the Inside Bar breaking down works so well. So click the video and enjoy learning :)
In this video I walk you through a potential bearish 2618 trade setup on the 4EURUSD