As last week ends another week begins which is the perfect time to give you my thoughts on bitcoin and what I am waiting for. I am still very much being careful here and waiting for the confirmation, I am certainly not bullish yet but there are some positive signs. What do you thinks, are we moving higher or lower?
A quick pump on bitcoin but beyond that there isn't much to report other than a slight move in the bull's favour. I am not worried or spending any time on the conversation around bitmex simply because what is done is done and there's nothing more to it
With many in the top-10 divergent on the 4 hour time frame my focus is on ETHUSD. The candle still needs to close before we can go through the check list however I wanted to alert the community that this is something I am stalking for a short. Keep in mind daily time frame is over extended from the averages so manage your risk accordingly.
With further declines seen on bitcoin over the weekend you might think my view on bitcoin has changed. It has not and here's why
As much as I would really love a great trade on bitcoin now it's not where the trading activity has been for me and my clients of late. In this video I take you through a few charts I am stalking and have been trading the last few days.
Today with the new monthly candles opening and a pull back in motion I think it's the opportune moment to discuss what perspective looks like and what it means for the current state of the market.
With the pull back having happened and fast we now have a bullish candle on the daily. A break up through the high of that candle would suggest we will see new highs within this current trend.
Now that we have broken the little range and not pulled back we have not got a great deal in the way resistance wise until around $9,700. Yes there are some round numbers ahead but I don't see these levels as hugely significant. I am hunting long trades.
Bitcoin remains in it's $300 range on the mid time frames. I am patiently waiting to see if we break down to offer an entry on the higher time frames over the coming days or we push up and may provide some shorter time frame opportunities. I also throw in at the end a chart I am stalking closely for a breakout.
Yes, the market has witnessed a pull back when we look at most of the top-10. So why has bitcoin not pulled back? All I know is what I am looking for as a trading opportunity long.
Hello Friends, We all know that BTC has major support on 7000-7200. This support has been rejected twice since 2017. I personally open a long from 7100 and has plan to close it above on 7650. As per Elliot wave count there should be a correction wave ABC.
GVT/BTC HAS BEEN IN A DOWNTREND AFTER MAKING AN ALL TIME HIGH TWO MONTHS BACK AND THIS PHENOMENON IS COMPLETELY NORMAL. WHEN SOMETHING QUICKLY GOES UP, IT ALSO DOES PRICE CORRECTION BEFORE MAKING ANOTHER LEG UP. AS SHOWN IN THE CHART, IT'S MOVING INSIDE A FALLING WEDGE AND I AM EXPECTING THE DECISION VERY SOON. THERE'S ALSO A FOREX EXPO EVENT ON MAY 22 WHICH COULD...
Falling wedge; bounced in area of support; moved off Senkou span B
Currently I've analyzed 4 potential scenarios on this pair. I believe at least one of these scenarios will play out
Another short-term trade, a potential bearish Gartley pattern is completing soon. PRZ acts as a mini resistance zone. R:R at 1.3 (TP1) and 2.2(TP2). Good luck.
So USDJPY has been grinding down the price levels for some time now, here is a simple profitable set up for a further short scenario. Take a Short from here and hold. 101 is my personal target profit take and I suggest if you follow that you do the same. My stop is set at 106.600 Time duration of the trade I would expect to be no longer than two weeks at most....
So in my humble opinion we have a clear head and shoulders pattern, along with Fib match up to coincide with the NFP report today. Right now I am managing a good client out of an aweful hedge and so this is very crucial for me. The price simply must get up to the target sell level so that I can smash from the top and hit down to close out the bad side of the...
"Dude!" That's right, time to get out your FX surfboards. Until later today when US data and the ECB president Mario speaks you can be sure that we are going to be riding the combined waves of Elliot and Fib. Short term binary CALLS are what in my opinion will work here, but please do keep in mind EVERY single trade is a risk. And this is just MY OPINION. That...