Hello my friends, I hope you are all doing well. On this update we take a look at BTC on high time frames to have an idea on where the price can fall to and what to expect. Trade thirsty, my friends!
Hello everyone, BTC is still in a downtrend. We need to wait for a recovery signal, be patient and be careful if you are planning to invest in the market right now.
3 Items you must know to understand charts 1.) Chart timeframes 2.) Candlestick charts and how they integrate with chart timeframes 3.) Identifying Uptrends and Downtrends
Hey Traders so I just noticed that there a 123 top on the Bitcoin chart that has now completed. I think this can be a possible trend change coming if more sellers continue to push the market lower. I am not totally sure the correlation of Bitcoin to other crypto currencies as I am still new to this market. But from what I am reading they are correlated and follow...
Hey Traders so in the last lesson I had metioned that GBP/USD has formed a 123 top formation. Although the market has started to climb back up as you can see it has still not taken out the 2 point. That means as long as the US Dollar uptrend continues this trade should work out. I still believe that the British Pound is still a great short opportunity. Trade...
Hey traders I just noticed the pound has been struggling move higher for a while now. I think the market may have topped out because the us dollar keeps on getting stronger and stronger like crazy. I think the pound is a great short opportunity in the making! Enjoy! Trade Well, Clifford (All opinions expressed are for educational purposes and this is not a...
The Momentum to the downside that happened last week is still in play on the 4HRS. The price has discounted nicely and this becomes a low-risk trade. We will be wrong above 105.80 and a break below 106.60 is the confirmation of downtrend. PROBABILISTIC PRINCIPLE | SERIES OF TRADES BELIEF SYSTEM -------------------------------------------- 1.There is no...
Following the recent Corona crash/rally, I was wondering if this is - historically - a good moment to buy for the long term. The conclusions are rather sobering. The red line represents the exponential curve that has 20% of all the monthly closing points of the DOW (since 1915) above it, and 80% below it. The blue line represents the exponential curve that...
See video for analysis
Yesterday we took a long in this pair expecting price to retest the Weekly structure at 1.0879 but price missed this target by few pips. The leg up was the last wave of correction so we are short again the EURUSD, expecting a break of the Momentum low. This is a continuation trade and we are targetting the T1 of the Fib retracement 0.618. Short Entry:...
Taking a look at the near-term chart, there does not seem to be a well defined up trend or down trend.
I hope everyone enjoyed the video and please let me know if you want me to do another one. **excuse my german english haha
As you can see the GAPfillout and fillin is coming several times. You can trade easily downgrade to up and upgrade to down and finaly 5-10 candles fill in the gap. If you want to know more write here. Thank you. :)
Just opposite to the performance of NZD/USD since August 15th at least, CAD/USD has been trending downward and it has challenged its support level with a breakdown after failing to overcome resistance at the 1.31038 level. This is a short signal to me, but let's see how it goes! Entry point and Stop level indicated on the chart. Profit target will be taken...
Really quick video on XRP / BTC paring since it's been over a week since i updated. In a nutshell, price action has played out exactly as I expected and mentioned in the last video. IT"S GOING DOWN. In that previous video, I mentioned that I thought price action just wanted to move back to the 200EMA on the Daily chart and that appears to be exactly what...