In my last post I explained my strategy. This being said I want to actually try predicting movement to see if things work in my strategy's favor. DROP ME SOME REP! DROM SOME COMMENTS! IT COULD ALSO BOUNCE OFF ITS CURRENT RESISTANCE!
⚫ I wanted to test if simply using support, resistance, confirmation, and preferably a triangle pattern could predict a breakout of some kind. ⚫ In my last post I tried this with ETH and it worked well. Always adding on. ⚫ Drop me some rep for me to talk in chats :). ⚫ God bless! Except if your atheist... Have a good day in that case. Drop a comment! I forgot...
Expecting a breakout within the next 2 hours as seen in the chart.
Testing a new methodology of charting/trading. Going to see how this pans out. Will come back to review in 24 hours. Estimates of BTC/USD price action regarding the next 24 hours.
DovyFX I had some extra time to do some backtesting and record it for everybody here. Hope you guys enjoy it. Cheers! P.S. Had to cut it short, because I had some guests that came over to my house.
Bitcoin break out falling wedge and now could test resistence on 18,500-18,700. If sustaining above this range, Bitcoin might test 19,380-19,450 area before next move. If bounce from this range we can go down and test 17,830 - 17,650 - 17,200
waiting for a move towards the resistance; looking out for a movement back into the resistance range, a rejection at the resistance and a confirmation towards the downside or looking for a movement into the resistance range, a breakthrough, followed by a retest of that same level and a candle confirming the bulls
one eye open and one eye closed... deep... breaths... 1.2.3...
THIS IS NOT A SIGNAL. GBP final bull push before end of week closure of market demand zone SNIPER ACTION
the last time it was testing top channel as support (flag 1) it was rejected. lets see what happens this time (flag 2) when price is testing the same resistance after a big pump. support and resistance is based on new and old data (old only daily chart)
Despite the good earning on Nike, We have 2 dynamic resistances, after the breakout and pullback which is along with a testing, We have good buying position with considering of SL and TP
I think the chart explains itself. We are at a critical moment. If price finds support on top of channel (making higher highs), then a new cycle outside of channel has begun. Expect another bull cycle? If price does not find support on top of channel and is rejected, then we could come back down to the bottom of channel and re-test March lows. This month will be...
Hello traders ! Here what we have today here. AUD/NZD AUD is way stronger today that NZD So after testing the area it represents last higher high, personally I will be a buyer until the pair will hit the next Higher High. Fell free to ask me anything, to use your own TP and SL, you POV is important ! Have a good day !
Hello Uptrend and testing the zone make me to go long o this trade ! Entry @ 0.95170 TP @ 0.95930 SL @0.95000 4 + R/R Also rejecting this level of price will push the price upper and i my opinion we are in a buying zone !
Updated chart from may, targets are done time for next setup Ethereum has already broken out of ascending triangle on daily on USDT pairs, expecting ETH/BTC to break soon as well. #notfinancialadvisor #DoYourOwnResearch