Thank you for the like and comments, really appreciated! This is an idea not a financial advice. __________________________________________________ The chart highlights every time when volumes and candlesticks signals a strong selling force but the chart went the other way around continuing to grow indefinitely following a safe 45 degrees angle. The red line...
I've spent probably over 300 hours in the last couple months digesting technical analysis on BTC. Whether it's Bulkowski patterns, price harmonics, divergence, simple support/resistance, fibonacci targets - it all ends up being wishy washy, inconsistent, and difficult to actually do anything with. Recently, I randomly decided to draw Bitcoin in a channel - a...
Looking to enter longs on a pullback to retest broken resistance which is now key support in confluence to the 0.5 fib retracement and respectable ascending TL.
Like if you areee with me or other reasons... This is strong bearish based on my strategy.
The price just went to touch with the resistance area a couple of times and there is a great chance that it going back down for a little bit - at least to the previous support base. The risk to reward is not the best but there is a feeling that the price could range here a little bit before doing its thing we are waiting for. Keep it simple, naked charts would the aid.
The price just met with an important zone and would be on it's way to the trend-line soon. To back up, we have inefficiency in price action which is yet to be filled. From the daily confirmation, the price just surpassed the major upper supply demand zone and would retest as well. Stay tuned, as the trendline would be broken, there would be another retest and it...
Hey, I am just starting out here. However, I have decided to put up my analysis and help people out here. I hope this help. Now, what's actually happening is pretty simple. The price just hit the upper trend-line and will soon move downwards till the next supply and demand zone. Furthermore, we also know that the price is forming a rising wedge from the daily...
Confluences: Simple break and retest in 4H chart. wait for it to break with a 4H candle close, place a sell limit at the bottom of resistance (previous support) and wait Let's get this bread! Also it will re-enter the bearish price channel
Now we see a big daily bearish hammer candle and We can expect the price to move up to fill the shadow. To enter, we have to wait for the resistance line to break and the momentum to become positive.
SETUP: When you have a good setup, signal bars aren't that important. In this picture, you see BTCUSD is in an uptrend: higher highs and higher lows. price is in a channel. when it hits the bottom of the channel, you can buy even with a weak signal bar. (I say weak because it has a relatively long up tail. tails on top of candle mean bears are forcing a selling...
EURNZD RUNNING WELL SO FAR! Currently running at a 3.4% account gain! What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific...
11900 has been a resistance which Nifty has managed to cross multiple times. If sustains above 11910-11920 then a further up-move till 12000 is on cards. 12000 has been a strong resistance and breaking it decisively doesn't seems possible before the US Elections. People trading ranges can utilize the 100 point advancement and subsequent retracement of 200-300...
After big bullish yesterday now the market on consolidation position. The price seem respected the resistance area and shows possibility forming double top pattern. If double top formed and it break the neckline than a short for sell is a good call.. Stay in alert, wait for the confirmation, don't be overwhelmed, take action with stop loss following.
As you should know by now we like our key levels with confluence. So what we see here... trend line plus confluence so we go long. Been smashing it every week. Hit me up x
this is for education purposes not a recommendation always consult your financial advisor you are respinsible for any decisions you make