Over the last few weeks thousands and thousands of traders have been buying bitcoin pairs. But many are still buying at the top instead of waiting for the pullbacks. Now I prefer daily pullbacks but I know some of you want to get in and out in days (or hours), not weeks. So this is my take on any Bitcoin pair right now. Wait for another small retracement...
I anticipate a pullback to start when I see some higher time frames create lower lows and lower highs as I watch the retracement with fib levels. Then I am watching for strong bullish reversal continuation patterns doing the same.
EMC2 is making a A bullish continuation Pennant and I am expecting a breakout which will complete the 5th Elliot wave . Beside that, the price sustained itself for a good time above the ichimoku cloud, the 0.5 Fib level (1430), and the 200 moving average which is a good bullish indication as I see it. Unless Bitcoin does something Crazy (go to the moon) I think...
It's been a rough 24 hours for XLM. BTC shot through the roof again and XLM took a huge hit to its momentum. We've reached convergence on the support/resistance lines and XLM is trying to break out of this falling wedge. This should signal Bullish continuation. That being said, we've seen a history of XLM going sideways instead of up during "breakouts," forming...
Pair completed a break hook go on 4H. I am waiting for a break-hook-go on the 15m chart for my entry. TP 1 @ 1.7290 TP 2 @ 1.7345
Good day, All! The daily bearish DXY project is currently forming. Once point 5 is shaped, it can provide quite an interesting short opportunity. If this pattern works, it may also signify the continuation of the major bearish trend which started back in the beginning of 2017:
For more information about the Big 3 Indicator leave a comment below
Hi guys, OmiseGO managed to stabilise itself in a sideways movement. Retracement was stopped after Thai minister of finnance gave it its support. What' gonna happend next ? We can see that the sideways movement is coming to an end. It created a roughly Simmetrical triangle whose sides are made of an uptrend line and a falling resistance line. It is...
last week we fired off a long opportunity here on the GBPUSD at the 1.3060's level looking to capture initial profits at a retest of the previous structure highs. Now that we've reached those highs, the market is going to offer us another "decision point" A break above close above at this decision point would tell me to expect another extension higher where...
higher time frame is in defined uptrend with healthy pullback mid time frame is showing a rising ma after minor accumulation and weakening downtrend breaking out of downtrend line with positive momentum and volume pressure lower time frame is showing positive strength after price was overextended and pullback to intermediate moving average and working it way back...
Buy at market (0.9673 for me) SL <0.9640 risk<1% Main target 0.9740
I am looking short on gu here very good risk 2 reward
DXY: Having wriggled free of the impulse wave the Dollar Index The Dollar has slipped into short term neutral - but it looks like a continuation pattern so far and will stay that way whilst 97.75-6 cannot be breached on the upside.
there is a good opportunity for bullish continuation with swing trap in the action zone
Reason to entry: -Elliot's waves structure -C at strong support area -AB=CD in line with second confluence -price action move in triangle pattern -divergent and oversold RSI -wait for higher high higher close candle Entry: -wait for higher high higher close candle (entry at candle close) Exit: -retest of structures -retest of triangle's resistant Void...