in this structure we are expecting bullish impulse from current bullish Correction pattern to complete the current horizontal resistence, if you want to take it wait for a breakout of the current correction resistence. Meaning one candle close above the resistence then I'm going to enter.
NB:T his is not financial advise this is my opinion Based on my experience
Hello everyone,
Recently I asked myself and you the question "Is war negative news for cryptocurrencies?"
I replied to myself that no! On the contrary !
Ukraine gets financial aid from all over the world through BTC, ETH, USDT.
Russia gets sanctions on SWIFT and has an alternative,...
BTC daily chart looks like it is having a breakout from a wedge pattern
first price target is at the .386 fib retracement
2nd PT around 55k at the 50% fib and also the 50 day moving average
if somehow bitcoin can get above the 50% retracement/50MA that would be extremely bullish and could send bitcoin to new ATH's
if we fail to trade above the Fib levels...
So much has been going on the last few weeks in the markets.
The question left on my mind is are we headed into a Bear Market.
What better way to prepare for that question than updating my Bull vs Bear series.
The idea is that the start and end of a Bear market is using the 21 week EMA.
1 full week close below 21W EMA indicates a Bear Market
1 full week...
Now this may not work 100% of times, it sure does work most of the time. I use a Pitchfork tool to create a clear and very effective view of support and resistance of price.
Identify the chart for yourself! You can see just how accurate and useful it was today, despite the extreme VOLATILITY.
Although the price dropped to about $57K, the support line that I...
Well, After a historical month for Gold my Big Swing idea has completed and successfully hit all set targets. What now you ask ? Well it's simple, 2100 by friday. 5000 within the next 5 years. Yes thats right, Its not stopping here, This is only the beginning of our adventure. A taste of the starters before we move onto our main course. Whats the main course you...
Gold is playing out in the channel, it could either bounce up and fill out the rest of the channel this week.
OR
Will the price breaks the channel pushing gold further down?
I am watching closely on this pair for now.
Powell News which is HIGH IMPACT for USD in 5 hours.
We are inside the unfolding flat correction, it's obvious...that's why it's taking so much time.
It's definitely good for the market, good for a stability and further development, as the building pilliars..The more time it takes the bigger impulse to expect.
I see there two variants now. The first one that we are sitting at the support line and the fib. 0,786 of...
Hi there!
It's been more than a month what I posted my vision of the BTC -0.44% correction and this correction has been fulfilled.
So I dediced to post a new vision of the possible moves of our dictator BTC -0.44% .
On this chart you can see all the trade channels I can see now. As well as the approx. estimate of the single movements and the...
This is my count, the last bounce is so bias, so i have not defining it yet. I still wait the daily candle to close.
I think this is not the time for cut loss yet, bet patient is the key.
Another thing is, RSI has not break the support yet.
The Bull Scenario:
IF we hold above 8000 usd, we will see another bounce to test the last resistance 8600.
The Bear...
The play for the BTCUSD pairing is for a long entry to be made if we see a wave I upward that moves in an impulsive manner. The entry would be around $9300 (which is where the proposed wave II would be) with a stop-loss slightly above the recent low in the $9000 area. The reason the stop-loss would be put above the low of the move is that if we do see impulsive...
A tad annoyed I missed the trend line from 2017 on previous posts.
Black line: move toward 11700
Followed by either red or pink option:
Red line: breakout around 11700, then bounce off resistance at 14000
Pink line: Hits resistance at 11700 then bounces off support around 9000, followed by action similar to red line.
Note: The two green trend RSI S&R lines...
I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
For the past days, I've also been obsessed with Yen pairs along with Loonie pairs... especially CADJPY! I currently have 4 long on the Forex pair because of the formation of inverse...
