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.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
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...
So many of us out there wish to truly capitalise on the huge jumps and troughs out there on all major pairs. My firm belief is that we are about to continue into unprecedented low field price and that the worst is still yet to come. Dont forget what happens everytime an ECB or FED talking head gets on the screen....Generally the market falls as all they ever...