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...
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.
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
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...
EURGBP is very close to 2019's market low.
Pay close attention to 0.847 - 0.854 demand zone .
Bets are very high that we will see a pullback from this area.
Also, it is very easy to protect our position setting our stop just below the identified low.
Target level is based on structure and projection of BC leg.
trendline broken at the resistant level, high possibility chance for it to have a pull back, if it does then the sell limit will trigger off but however if it doesnt then the entry will be based on the new chart patterns.
BUY – GREGGS (GRG)
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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...
- 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
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.
I assume the exchange is building a fractal sequence a week ago. This theory is contrary to those who see the exchange rate in a downward channel. In my opinion, the correction sequence is one that shows that the exchange rate is constantly building up the fractal base needed for the rise. If you look at the "blank squares" in the analysis, you can clearly see...
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...
This strategy joins the Pivot Reversal strategy with the RSI indicator.
We check RSI level at the pivot point level and only if RSI condition is satisfied we update levels for stop orders.
The strategy works pretty good for crypto, 30m, 1h, 2h timeframes.
Check you my TradingView courses:...
Just a bunch of neatly displayed commonly used/_reused_ indicators that I mainly use alongside cross-correlation. Simply put, this script might help other traders to enter trades indicative of moves to the upside/downside and want to see more confirmation such as crosses and/or confluence areas.
Feel free to customize to your liking and adjust the options as...
I didn't find a study for Inside bar as I wanted. Therefore I wrote a one with PineV4. This may help you to see inside bars.
It can recalculate and works with either (opens-closes) or (highs-lows)
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...