I am brand new to technical analysis this is my 2nd ever chart 😅 Grateful for any assistance in getting to grips with the tools and functionality of this site as it seems to have ALOT to offer 👍🏻
Price nicely jumps from our support line.Our RSI making nice divergence higher lows which means price should reverse up + my old friend Aroon say we are on the way to up trend i think price will move above top trend line if im looking at fundamental side of the trade theres is still big protests in America which means economy of America will decrease from other...
This looks like a range as it passed the 76%fibo and broke the channel just about.unsure however because once the 3rd boundary reaches lower than the 1st doesn’t that cancel\restart the range so would my 3rd boundary in this case become my 1st
Please criticize and provide some insight on what I've gone good/bad or if I've completely messed up.
EURGPB is in a long term uptrend since ~2015, I'd like to believe the current state from OCT 2016 till now is in a bull flag.
I'm seeing a 61.8% retracement as seen on the chart, we could see a breakout-continuation of the uptrend providing we break 0.93210...
there can be two outcomes to this one it could hit the bottom S/R and go to the top or rise all the way up to the resistance and break through or bounce back.
I have two scenarios in the works on EURAUD and this is their description. I am not in any position yet, but I will be searching for a good entry to long.
There might be an opportunity for a little short as well, until we have a good opportunity for a proper long position.
We now stopped in the shorter-term channel at the bottom and we have two options. I am in favour of more downtrend.
That is why I setup a second entry as sell stop.
I also have a great position from the top of the channel in a short position. I can collect my profits if the trend reverses and price bounces.
I had a nice opportunity to enter at the reentry into this big bullish channel and currently I am running nice profit.
There are two resistances ahead and some more if we go all the way to the red channel, red upper line is visible in this graph.
I will edit my TPs accordingly to price action.
We are in a downtrend within a larger uptrend channel, there is still plenty of room to go down a little. We need to wait for price action around the bearish upper trend line.
Beginner at trading so dont take my word for it. Looks like a reverse head and shoulders forming, enter after pullback then will hold out until TP2. TP3 will hold will smaller lot size as it may not be reached because of the previous 2 H&S being lower than each other.
From the previous two historical cycles we have seen within the Bitcoin market we have seen the market price drop:
1st -68% over 7 days
2nd -51% over 14 days - where the market rode up then fell back down to the -51%
Currently the cycle is in the falling phase globally however this consolidation period will be closely watched by traders and oscillations will...
Looking at all three runs within Bitcoin so far, these have increased in the following order:
1st +1727%
2nd +1412%
3rd +2657%
The upper and lower bounds should be taken into consideration for the next bull runs.
It may well be the case that the next bull run exceeds these limits due to mass market adoption.
At this current time Bitcoin has seen an...
Based on a hypothetical point in the cycle called 'Current Period' on the above chart, what would happen if we plotted the same behaviours (percentage increase and duration) from the last two cycles.
Firstly I would pick a beginning point to define the start of the bull run, termed 'Estimated Start' in the above chart.
I would then plot the % increase with the...
