sell GBPNZD if it bear breakout GBPNZD TYPE : SELL STOP TF : H2 ENTRY PRICE : 1.9387 STOP LOSS : 1.9485 (99PIPS) TAKE PROFIT : TP1: 1.9367 TP2: 1.9327 TP3: 1.9212 TP4: 1.9089
BTCUSD is approaching a major daily resistance cluster. 40,000 - 42,000 is a potential reversal zone. To catch a swing move from that, wait for a bearish breakout from the channel is formed on 4H. We need at least a 4H candle close below its support to confirm a breakout. Goals will be target 1: 36kx and target 2: 30kx.
The standard ichimoku cloud's kijun line (referred to as Base line in the indicator settings) is the mid-point of the high and low price over the last 26 periods. I use Carpenoctom's modified ichimoku cloud inputs for cryptocurrencies since it is a 24/7 traded asset. The kijun shown here uses 60 periods instead of 26. Carpenoctom has created a video series...
The bearish nature of this rising wedge, a correction of the previous dump will end up in a bear break around 10/19. Trading on both sides. I'll open a long position now with a tight stop, and I will close it around $ 8.800 and $ 9.100. Right after I'll double a short position. Hit the like button, share it! Thanks!!!
Quick update for what I am personally watching. I've said for months now that in my opinion our strongest support has been down at $7400-7750 area and we have yet to re-test this area. We certainly don't have to re-test it but would be a strong support area in my opinion. With that said, yesterday we broke my pattern bearish at about $9450 and fell to $8160 (about...
We got the break of pattern as expected today and unfortunately for bulls, it was not direction we wanted. I personally had stop buys set over night in case the opposite happened but as stated before, these are 50/50 chances so you have your exact entries and if the bears win then no harm done. Opportunities to play oversold bounces but thus far not interested...
Leaving same 4 hour chart from yesterday here and if you actually zoom in on smaller time frame (5-15 minutes) it is much clearer. But yesterday we were watching for a potential bear flag as well as watching our 12 EMA serve as resistance. The bears made an initial bear break but overall was fairly weak and a fairly quick recovery by the bulls to buy things back...
Hopefully everyone enjoyed the weekend! A few days ago I posted about being cautious as we sat up in the mid $3600's after the initial bear break. To me it was likely just a bear flag and we were waiting for our next leg down. We finally got that and bottomed down at $3482 yesterday. Bulls have bounced up towards $3550 here but thus far a rather unimpressive...
Been a few days and last chart was from Monday where bulls were sitting at low $4,000's and I discussed not being impressed by the bulls since they had failed to break to higher highs from when we had hit $4239. I also spoke about the bulls needing to avoid the elevator back down. Well yesterday we saw that elevator down. Bulls fell about 12% yesterday in a short...
Hello crypto traders! Sorry I was just too busy yesterday to get a chart up with all that chaos going on. But lets step back, take a deep breath and look at what we have been discussing for days now. A week ago I had discussed the trend changing and had finally gotten stopped out of my last trade position and locked in profits around $6440. I was then happily...