we got double top resistant at 212$ if we break it we going to test the 2 profit taking then the squeeze area around the 313$.
on the other hand if we broke our ascending support above the 190$ we going to see a bit of selling pressure to have a reversal from the support above the 165$.
Our reversal strategy has alerted this trade on NZDCHF working the 15M time frame.
Entry details are shown on the chart.
We're only looking for the green line which is take profit target.
Trade history can be seen below this trade idea too for full transparency.
Previous trade shown on chart.
------------------------------------------
I try and share as many...
Bears vs. Bulls here next week.
We should see alot of volatility next week here as SLGG tries to find direction.
Will bears bring this down to previous levels below $5?
Maybe the Bulls can cause another drive to $8.
Either way very interesting, I will be looking for a play here all week, traders will be watching as well I am sure...
Good luck!
* I will be...
Ascending triangle formed after a 9-month modest rally. Multiple new support confirmation over the past few days.
Support has been broken in a few occasions. However, I still feel that the risk/reward ratio is acceptable.
- Target Entry $24.30
- Target Stop Loss $23.81
- Target Exit $28.01
About me
- P/L: Oct-Nov-Dec Trading Suspended | September +49.18% |...
Ascending triangle formed after a 9-month monster rally followed by a correction period. Price seems to have graduated from its uncertainty and ready to keep that rally going.
Support held strong in the past two weeks and I feel that the risk/reward ratio is excellent on this trade. Positive vaccine news could act as a catalyst.
- Target Entry $1406.15
- Target...
Corridor Breakout out of a 1-month price correction. Strong possibility to hit the uptrend resistance line.
Target price set at resistance line bounce.
- Historical Uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $467.15
Suggested Stop Loss $456.41
Target price $525.55
Note that I tend to adjust stop losses in order to secure...
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days.
Target price set at resistance line bounce.
- Historical Uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $3275.86
Suggested Stop Loss $3202.77
Target price $3647.41
Note that I tend to adjust stop losses in order to...
Uptrend Corridor bounce with target price set at resistance bounce.
- Strong Uptrend
- RSI above / STOCH about to cross 50
- MACD above Signal
Suggested Entry $254.57
Suggested Stop Loss $245.26
Target price $297.63
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be...
But the CYBER ENSEMBLE indicator still works the best on the 3hrly for BTC (or 2/4 hrs depending on market phases -- just do a comparative back-test for maximum confluence of recent price actions/trends ); where the more erratic price movements during low liquidity phases tends to be averaged/smoothened out. See:
However, it is sometimes useful to go down...
WTI is retracing after the 3rd worst day on record.
Looking for resistance to hold below $25 for continued selling.
PIVOT INDICATOR HOLDING THE TREND SHORT
