BTCUSD (BTC) Daily bars, 040718, 5:43 am, EST. Michael Mansfield, CryptoPlayhouse 1. BTC is ready for a bounce, for maybe 3-10 days, unless it breaks out to the upside of what could be a wedge. 2. If a wedge or irregular triangle, then we could see the ABCDE pattern I posted. ABDCE's only applicable for actual triangles. 3. Risk is that many MAVs have rolled...
GBPUAD sell trading plan with 4 confluence reasons. Watch it as it will be educative as well, because I used tools on how to spot reversal levels
This is a basic trading strategy using Stop-Limit orders placed on Fibonacci retrace on price action taking place in given "phases" Phases are named "Buy" or "Sell" based on the RSI/Stochastic Oscillators in the chart. On overbought conditions we sell, and on oversold conditions we buy. These conditions trigger "buy" or "sell" phases and we react with stop...
A potential bat pattern is completing, RSI on its way to overbought level. PRZ is at a good resistance level. R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.
A bearish shark pattern is completing soon. Waiting for RSI to hit overbought level. R:R at 1.4 (TP1) and 2.8 (TP2). Good luck.
Strong support line at 770 can be a good opportunity to buy. If it breaks price at 770 , most probably the price be going down to 720 which is the price from beginning of the year. I believe that this year is going to be a good year for Altcoins. more and more ICOs are being created base on ETH . Which give a lot of strong future opportunity for this coin....
This weekly EURUSD review concentrates on the shorter time frame trading based on the price movement. We can clearly identify consolidation area, where price forms an order block before bullish rally occurs with a large liquidity void. Once the Smart Money reveals their sell positions and injects a strong bearish move to the previous order block. This trading...
Here we have more green volume. A lot of green volume actually to get us up here at these prices again. I think with the weekend here, the uncertainty of the pending forks to come in near months. (Bitcoin Diamond in December....???) As this news spreads to mainstream, and the segwit#2 thing is put behind us sometime today. This resurfacing news of more forks gives...
My entire trading strategy is built around how I draw and utilize Fibonacci levels. I use Fibonacci levels to determine precise entry, target, and stop loss placement in combination with other technical analysis methods. The biggest problem I see with a lot of traders is that they do not know how to draw Fibonacci levels properly. So I will show you my method and...
We had a sell signal from the system, so we know the general direction of the pair, and now we are facing a pullback after breaking support, will sell after the pullback is over.
We are shorting XAUUSD based on Mongerskit generated signal, the last signal was generated a while ago (1/5/17) but the direction remains the same. we are waiting for small pullback and some consolidation and we are ready to buy.
Gold almost touched our target at 1193, managing to bottom around 1194 area. Looks like trend is going up already. Happy trading everyone!
USDJPY being bearish for a limited time.
Hi Traders, By commenting on key price action events the understanding of price action is easier. Key focal points are clearly identifiable as so are opportunities which tend to present themselves around new lows, new highs etc. By telling the story your trade bias should be better able to remain in perspective of what price is actually doing based on...
MSFT has broken out of a diagonal trend that started on December 29th of last year. This also coincided with a break of 53 that had previously been tested 3 times in the last 30 days. Today MSFT found nice support on a retest of 53. Stock looks poised for a move back to 55 and then the 52 week high after that.
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