I'm waiting for a pull back due volatility to trigger my buy limit order. I have a buy order at the green line and SL at the redline. Very tight. I'm not risking too much here I'm already long on AUD/USD. If it doesn't happen I'm not forcing it. I'll cancel my orders.
Looking for a retracement back to 2286-2305 levels before continuing higher. Waiting for a pull back above 2387.7, followed by a closure below 2360.5 for confirmation. I will be looking for sell entries off of the lower timeframes such as 15/30 mins. 1st take profit will be around the 2332 mark, with full take profit between 2286 and 2305. OVERALL TREND IS...
Traders, It looks as if the dollar, vix, and precious metals/commodities will continue to trend up, stocks will continue to pull back. Bitcoin is tenuous. But it is possible that altcoins have reached their low, though that low may be retested soon. We'll discuss these subjects in this weekly update. Stew
This is getting interesting. Looks like a breakdown a very bearish. But if the weekly candle closes up within the triangle that would be a bear trap. And it would be very possible that bulls try to break up the triangle. Let's see how the week closes and next week I'll have more clarity on what to do next.
As stated in this weekends video update, I expected us to retest the top of the red channel first, with potential to drop back inside the channel and test the bottom. The middle yellow channel is also a less likely possibility. I don't think we'll get down to the green again until AFTER we hit are WAVE 5 target and also, Inverse Head and Shoulders pattern target...
I like Fibs. Especially in crypto. Wherever I see a well-defined and significant run up or run down in the historic price action I draw some basic extension Fibs (yes, sometimes upside down as well - I don't care...). Then I check whether these Fibs have historically been, and are being, acknowledged. If so, then that set of Fibs is what I use for trading. As I...
Traders, In this video I'll cover the spikes we are witnessing in the dollar, fear, and precious metals (specifically gold). We'll discuss what this might indicate to us from a geo-political/macro-economic perspective. Inflation continues to tick up. The SEC continues to attack big players (tokens/coins) in the crypto space without providing rules for how to play...
By the morning and open of regular market friday we should have a new gap down in indices due to futures pullback according to ai projection
After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the...
Morning fellas, Last night I posted a chart on Link/USDT. A coin that outperforms others, and always looks bullish, even when it's not trending higher. I guess the hopes for Chainlink are high. But there could be a pullback, while BTC.D moves up a little. Lets keep an eye on it, most alts didn't run yet, so im still bullish on them. Trade thirsty.
Traders, In this market update I am discussing the numerous "M" Patterns that I am seeing on the crypto charts. We'll talk about where we possibly could pull back to. And we'll take a look at the U.S. stock market: DXY, VIX, SPY, and NVIDIA and the impact they are having on crypto right now. Apologies for the quiet voice. I will ensure this is fixed before the...
Sezzle gonna Sizzle your Portfolio! We got This.
Hi Traders ! Previously, The EURUSD Formed a Bearish Double TOP Pattern. Currently, The Price Retreated To The Resistance Level and Failed To Break it ! So, I Predict a Bearish Move 📉 TARGET: 1.08080🎯
BINANCE:SEIUSDT (1D CHART) Technical Analysis Update SEI is currently trading at $0.9030 and showing overall bullish sentiment We are seeing confirmed breakout from the resistance zone. Currently price is heading back to its support level (Previous resistance level), we can expect the price to bounce back after hitting the support level. Enter 50% of the...
The weekly candle that closed yesterday shows how buyers are almost eager to buy on every dip. More fud will be needed to create an intermediate correction (greater than 3-4 weeks), something that could be seen as a small catastrophe by the market, for now the rise does not seem to want to weaken, which happens in trends that have directionality and volatility, a...
SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future. Technical Analysis: Resistance: $8.506 (Monthly) Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot) Volume: (Not mentioned in the provided text) Key Observations:...
Hello everyone, price action in Gold continues to be very strange and we saw a significant move to the upside after a bear trap formed below 2000. The move went directly to the 2088 resistance (and orderblock) and a correction from the local overbought conditions is likely. The elliot wave count at this stage is very unclear, but I left my count on the chart....
BTC has reached a critical point on its weekly chart, entering what we call the SUPPLY zone. This suggests that it might either pull back a bit or surge to new highs before dropping back down. We could see it go down to around 58k to 53k, but it's unlikely to dip below 50k. Why? Because there are new big investors who bought in at these levels and won't sell...