Smart money took out the equal lows and captured a tonne of liquidity from retail traders on 26/5 which led to
a strong bearish move down, the target ? was to mitigate orders thatchy were in drawdown in from old contracts, after mitigating and filling in the imbalance of price action created on 9/3/2020, Smart money then commenced instigated reversal (as...
No doubt you will agree with me that EUR USD is looking extremely Bullish at the moment, but how long will it last?
My expectation is that price will hit the 1.13-1.135 area highlighted, then look to turn around from there.
Smartmoney took out and grabbed the liquidity ($) from the late March highs as expected after taking the highs out from April and May.
Here is a long term growth curve of Bitcoin. The coloured curves inside the white lines are set to Fibonacci values. The purpose of this chart is to help long term Bitcoin investors clearly identify different phases of the market cycle.
Euphoria - when price approaches the top white line.
Capitulation - when price returns to the bottom white...
HERE WE HAVE A POTIENTIAL FLAT FORMING IM AM LOOKING FOR ONE MORE UP TO COMPLETE THIS CORRECTIVE MOVEMENT THEN I WILL BE TAKING THE SELL IFTHE SETUP SHOWS ITSELF THIS IS A 300 PIP MOVE.. HOWEVER WITH GBP BEING CLOSE TO BREXIT I WOULDNT GO VERY HEAVY ON THE LOT SIZES AS THIS GOOD BE A RISK..
45% risk management
In this video, I review some evidence available to everybody. I spot some behaviour patterns of Bitcoin over the years.
The evidence to date is that it refuses to die - at each stage when people shouted "Crash!" or "Tulip!".
I'm not saying that Bitcoin will not die. That's none of my business as a trader. My business is to assess evidence, see patterns and...
I forecast that the price of bitcoin will drop to the previous support level of around $5980 USD, before gradually making its way back up to the resistance line of around $8,073 where the price will then change direction again unless the bulls can break through this line of resistance, in which we could see a return to a bull market.
Like this post if you agree,...
Well, it could seriously happen, the Daedalus-stored cryptocurrency could be going to moon soon. They've had no shortage of good news lately. last week they announced compatibility with popular cold wallet provider, Ledger. Weiss promoted their rating from a B- to a solid B, equal best with top-10 rivals NEO. Check out their updated roadmap for all their progress...
Hi, I'm learning about trading and this is my first time playing with tradingview and doing trading in general.
I have been mining cryptos and would like to learn more about trading, so this is an attempt to learn about Elliot waves 1,3,5, a, b, c.
With some projection lines from the Elliot wave points (playing around learning)
We are approaching a big area of resistance and a nice shorting opportunity could come into play if we get a candle confirmation! Trading doesn't have to be difficult just look left and see where price has previously respected... you can see my TP 1 which offers nearly a 2-1 and a TP two with a trailing stop could see you a 4-1 RR...