OrangeOptimist

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Hi everybody SETUP INFORMATIONS: The Entry setup is based on several rejections of the 618 fib lvl + bullish engulfing on the last rejection which is a strong indication that price may jump from here. A little detail we can notice is that the last two candles closed above emas which are now acting as support and are also about to cross bullish. which add more...

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Hi everybody! today we gonna procede to a quick scalp on GBPUSD First thing we can notice is that the psychological level of 1.38000 resisting well. the price already bounced on it 3 times meaning the bears are losing strength. So buying is interesting since it could be the beginning of a strong leg up breaking above EMAS and alowing them to cross bullish...

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.... domp eet !

OrangeOptimist

Hi everyone ! Today the aussie shows us strong signs of weakness against the dollar, indeed the Adam and Eve configuration allows us to have an overview of the trend. knowing that the neckline has just been broken and that the price has retested these levels twice without being able to go back above. This tells us that the buyers have lost control, now the...

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long the C-D leg based on fibonacci + stochastic indicators. several refill will be possible. wait for confirmation before entering (strong bounce of this support). adjust your SL to your strategy. high probabilities to win these +300 pips.

OrangeOptimist

Hi everybody! today we gonna focus on what is the mindset of a winning trader. what does he think and what differentiates him from a looser based on his way of thinking. We gonna check a non-exhaustive list of several quotes that may be interesting to know and remind. These quotes are all written on my notepad, I advice you to do the same: have a notepad with...

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Hi everyone ! Imho the bulls are taking profit from the strong recovery now that price reached the target of the V shape pattern, and it surely could be the beginning short term reversal. Red candle are quite big which mean there is some bearish momentum so that's confirming this hypothesis. we should see price droping as deep as 1400 since it is 0.618(it never...

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Hi everybody. bitcoin is fluctuating in a range since few days, so price action is quite boring. now that it reached the top of the range, the logical move to do is to find a bearish setup. well according to harmonic patterns strategy we got a nice cypher pattern who have the point D about to be completed, this could be a good opportunity to catch the potential...

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is heading next Hi everyone! here we got an exemple of a very nice resistance which already was rejected 3 times. each time stronger and stronger price formed lower lows allowing to draw a trendline. we could name this pattern a megaphone, it looks like it. price is already forming several dojis which shows the indecision for now, and stochastic is clearly...

OrangeOptimist

here you got an overview of what paths the market should take both scenarios have high probabilities based on T.A thats why I do not pick one way in particular of an other for the moment (until price give me a confirmation) Plan A: price will continue his downtrend because of high bearish momentum, all the buyers are scared and could be deceived since their...

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i've seen thousands of retails coming into the market these days thinking they gonna be rich quick without effort. im not here to be a killjoy, just to put things into context and maybe bring back some people to reality. Check my response who destroy the integrality of the false narrative which is bring by some crypto salesman. 1) "Bitcoin is the currency of...

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During this period of weakness for dollar, buyers have succeed to push price to 1.41500 lvl and tried to break the last ATH but failed miserably, as the daily bearish engulfing can attest it. bearish engulfing pattern is a high profitable trend reversal setup which consist in an attack of bears leading them to take control over the market. This is very important...

OrangeOptimist Updated 

The trend changed since last fall. the first thing we can notice is that bitcoin formed his first new low since months. this is an important sign that this is the beginning of a bearish trend therefore we should try to find a bearish setup in order to enjoy the next fall. this level of 55000 level act as a resistance and may be the top of this retracement (new...

OrangeOptimist

At the time of posting this chart, price is actually stagnating just above neckline after drawing the classical breakout/retest trajectory. now that it broke this area, the sellers who shorted last week may be closing at a loss pushing price in higher area. and bulls may see this support area as a good point entry Also the moving average crossed bullish...

OrangeOptimist

It looks like this week's technical analysis gives us a strong indication that the price is overvalued. The price having formed a harmonic pattern ( bearish bat ) which means that it is currently in an area of ​​potential reversal. Regarding the shorter time scales we notice that it stagnates below the purple box, having formed a double top which reinforces the...