You can enter the desired areas with capital management, and when you enter the specific support and resistance according to the ascending channel and the moving average line of 200, the probability of a decline is higher to reach this line.
Friends, I've been asked to give a comment on the BINANCE:CFXUSDT chart, so here is my take on it. I've made both: Wave analysis, that shows we're actually near entering into the last zone of purchases for the long term And analysed this descending wedge with the possible breakout (You can totally see most of coins are in the same position). I suggest you...
Ever noticed when the Bitcoin chart goes eerily quiet? It's like a still lake before a storm. But here's the scoop: this tranquility might not be innocent. In fact, it could be orchestrated by bigger players in the game. Enter the whales – major market influencers. When they create low volatility by steadying prices, it can make others think nothing big is...
Based on the weekly market structure the following statements can be made: - Following the previous 3 week's trend, we are looking at a classic market maker dump&pump scheme. 1) price is dropping on Monday and thuesday. 2) On Wednesday price normally makes a fakeout to the downside, trapping breakout traders 3) Market makers pump prices to the opposite...
I'm sorry but the target does not fit in to the chart. As you can see, the overall situation in the crypto market is not looking very healthy, We have here a very simple setup, we combine: - RSI Bearish divergence. - Uptrend with decreasing volume. - Failure to break major resistance of 2000$. - Bitcoin selling at less than 25000$. And for the...
This view of BTC comes from a background of Price action trading. Trading Fakeout's are quite common in the Forex market and have proven to be a cornerstone of my Trading Strategy. Fakeout's occur on all timeframes and take the market for an unpleasant ride. Traders Buy the breakout or in this case Short the breakout hoping to jump on the train and continue to...
Check this chart of the SPY, there is some resistance at current levels. I don't think is going to break out at first attempt, most likely to pull back to the bottom of the channel first. I have no positions here, I'm already loaded with shorts.
How I took this trade I found this setup while strolling on the EURCHF chart. I saw it was consolidating between 0.97600 (resistance) and 0.97230 (support). Based on this, I drew a consolidation zone and waited for a fakeout, which happened before the market closed on Friday. It had a little fakeout of around 1-2 candlesticks on the 1H chart. From this little...
ETHUSDT is moving in long term bearish channel. Will it head towards $1600 level?
Is EURCHF made a fake breakout of support level? Strong bullish divergence indicating a potential reversal. Will EURCHF rise from this level?
OK so a little breakdown from What I'm seeing short term. The yellow hand drawn circle is a brilliant example of a fakeout. We recently broke down from a equal triangle shape after a fakeout (fakeouts are usual signs of reversal coming) The target for breaking down from this triangle would be about 27900. As shown by simple cloning the high to low of the...
Is BTCUSDT still have scope for downside? Recently BTC has created a fake out from declining trendline and rejected from short term supply zone. Will it head downward?
NASDAQ:AAPL could be in a fractal pattern here. The previous two moves down saw a deep retrace to 0.886 before reversing lower. Both moves broke through the established trend lines as fake outs before reversing back to the downside. This current move up looks very similar in structure to those prior two. However, that still leaves about HKEX:7 -8 of upside...
The Daily candle just closed at 147.58. This price was our previous Daily Level. Price is still technically in a range between this price and 146.71. After spiking up to previous Monthly High at 148.4, we rejected those extreme prices and came flying back down into the current range right now. Price may continue bearish from here and we can call it a Fakeout as...
We have creased yesterday's daily high at 1.10678. There is liquidity above this high. Especially since we have run up so far and therefore probabilities suggest we will pullback for liquidity for London Open. If we go up , then we will fly because there is clean traffic to the left. The 4hr is quite clean up to 1.1158. The 1Hr is clean up to 1.1125. Either way we...
This is very simple observation so I will not get too much into it, because chart speaks for itself. The fact I remain bearish doesn't mean I don't trade along the current trend. I'm saying that despite everyone on social media yelling bull run, I see bulls, but they are not running.
Price has potential for the downside upon retest of the fresh supply zone. Wait for lower timeframe confirmation to confirm the move.
Will GBPJPY break the channel or will it start to move down.