The exchange rate has reached a correction level. I expect a very small correction from this level. Not greater than 10-15 usd. In the analysis, I couldn't identify the formation of fractals in a way that could be well illustrated because the exchange rate changed the fractal path twice in motion. So I focused more on reaching the next target price. The next...
We are starting a challenge that has been back tested extensively, Over the past 6 months this strategy has a 100% strike rate, For this challenge you need £100 in a separate account to your normal trading account.
We will send out 3-5 pending orders a day, orders will be sent around 9pm UK time, All lot sizes will be stated along with TPs so all you do is copy...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.137.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.1345.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
If we push down to the D completion zone then there's a potential Gartley pattern for a long position. I need price action to push slightly below the official D point, so I can have a Risk/Reward ratio of 1:1, otherwise it'd be inverse and that'd invalidate the trade for me. In the CD leg of the pattern, there could be an AB=CD equal-measured move forming.
Vertigo, Interrupted ...
It flashed, it fell, sort of.
Patterns are the thing.
Here's a snapshot of the previous price range flash mini crashes.
Waiting to see if the current one "falls" into one, or, being BTC, does its own thing anyways ^^
(Please note this Analysis does NOT constitute advice and readers must undertake their own analysis/research before...
This is a really important area of resistance for BTC. The .50 fib is typically a best to overcome (though I don't doubt Bitcoins ability to smash through resistance). Consolidation needs to come at some points with profit taking. I think it's now.
With everything up (stocks, commodities, crypto), people may be derisking their portfolios very broadly and I'd...
This pair is in an overall downtrend and we may see price re-test the zone i have marked with the grey line to potentially break bearish and make new lows.
Entry - grey line
Stop loss - red line
Take profit - green line
Risk exposure - 1%
Ive been waiting for shorts on US indexs for months now. Finally reached my sell zone. Ready for the bubble to pop. I see traditional markets as inversely correlated with the cryptocurrency market, i can see alot of money leaving stocks/indexs etc and pouring into cryptos. Lets see