Hi, Traders ! Monfex is on the air !
Bitcoin is drawing out a Long formation carefully !
* As we forecast before: $7,800 target is reached, selling pressure looks exhausted.
* It is better to close out all Shorts since the market may turn out instantly.
* The price action showed a bounce off the Key Support at $7,800 with a Doji candle formed at the bottom.
Bitcoin (BTCUSD) is now aiming lower with its next target being $7,700.
We have a setup where a potential bounce could have taken place but our beloved bulls are missing... One thing is clear now though, the falling wedge trendlines have been fully respected and with BTCUSD trading below EMA10, it is very likely that it can go lower.
All of the details are on...
Expanding wedge formation on BTC .
The market is very close to the horizontal support.
The odds are very high that we will see one more bullish impulse from it.
Safest stop is 7600
Initial target - 8400
Second target - 8800
I didn’t get the buy Position i wanted and others probably also missed it. Here is a safe short analysis. I will be shorting 1.3040 with TP 1.2780. No SL. If things do change I will be able to close my short with 0 profit. Will update if that happens.
Today is important. So is tomorrow. This market has been in a steady downtrend for some time now, with regular oscillations indicative of healthy profit taking activity. Both the US and European markets are going through turbulent times manifesting in US/China trade talks, calls for impeachment over alleged improper presidential activities and last minute...
more delays for brexit should see big gap down and a return to retest previous lows.
if deal is agreed then we should see gap up and continued strength in the pound.
honestly, i have stopped day trading the pound, it is very volatile and now looking for longer term positions.
As a young person in the UK i feel my views have been forgotten about. To anyone over the...
BUY – GREGGS (GRG)
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop.
The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an ‘exceptional...
- Pennant chart pattern formed indicating a bullish continuation of trend.
- Wait for confirmation candle
- On the W1 timeframe price is respecting the 61.8% level
- H1 timeframe is showing an uptrend and price retraced within the pennant.
- We are looking for price to break outside of the pennant and retest it before entering the trade
Dollar index keeps falling.
Selling pressure is accumulating and for the last two weeks, we haven't seen any pullback.
The market is coming closer and closer to a support line of a major rising channel .
I think that bears will keep pushing the market to 96.5 level and only from the identified zone we will see a...
Tonnes of confluence on the weekly chart for Gold to bounce off at 1358 as shown in the chart.
1. SMA support
2. 50% fib support
3. Descending Channel Support
4. Ascending trendline Support
Until then, I will be shorting it any opportunity I get! Will play the ranges in the descending channel.
Looking to retest the 1476 area. Gold has been dropping over $10 each time bears take control after each zone has been tested.
TP 1: 1488
TP 2: 1480
TP 3: 1476
Click LIKE on this idea if you agree and you'll be taking this trade.
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BRACE! Anything can happen in the next few days. The DJI is at a critical zone on the weekly. 'Everybody' is waiting for more QE and lowering of interest rates. In other words the FED is likely to blow the bubble even harder.
But there are crises in the bond markets and currency markets that weigh on this market. So fear is not just about stocks in the market...
Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...
Hull is its extremely responsive and smooth moving average created by Alan Hull in 2005.
Minimal lag and smooth curves made HMA extremely popular TA tool.
Script was made to regroup multiple hull variants in one indicator,maintaining flexible customization and intuitive visualization
Option to chose between 3 Hull...
I just updated Easy indicator to make it little more advance
add (SAR,Zigzag,Supertrend etc)
very important that when you set the info panel make sure its in correct position , so here in btc 4 hour chart I put 10500
for other tf or assets this you need to fix by your own. so lets say you load xrp then put a number like 0.3 and try to see if it fit.
the buy and...
This script aims to look at the markets from a manufacturer's point of view.
Producers or large enterprises gradually sell their goods as the price increases.
Because both the amount of product and position in their hands is too high, otherwise they can not find buyers, and they have to make a safe profit.
Therefore, I have shown short positions in green and long...
USE ASHI CANDLES tradingview forbids me to show you the ashi candle results, but using ashi candles eliminates over 30% of bad signals!!
Latest in the ELIMINATOR series, please use the ELIMINATOR PVT RSI TUNER, to get the best settings , you should be able to get 75%+ successful trades....
We've all been there....
- An alert on your phone draws your attention, "GBP USD up x%"
- A news story comes out; in this case "Brexit Breakthrough" and before you know it the markets are going nuts.
- You scramble on to the charts to take a look at the action and Holy Moly things are going UPPPPP!!! Naturally your eyes ignore all of the indicators on the chart,...
Here is a nice simple day trade set up using my day trading strategy that I sometimes use. It relies on a few technical indicators and the ability to spot the current trend.
Trend = Bullish
Price = Above 50ema
Price Rejecting Daily Pivot Level
I cover the full set up and teach you how to spot these trade in my trading strategy guide that you can buy online now...