Taiwan_Bear

Taiwan_Bear

A month ago when the bulls lose the battle to hold the $5800 support, I warned you not to catch the knife as there wasn’t any support at least until $4400 and I was eyeing on the $3800 and $2950 level. Then, when the price was at $4110 I gave out a trade setup with the exact buy-in and take profit level. 50% of the positions hit take profits and the remaining...

Taiwan_Bear Updated 

Just got back from my trip to Toronto, Taiwan, Hong Kong and Macao! Another item ticked from my bucket list. If you have not been to Toronto before, it’s a must-see destination. Truly amazing. Did you know that the scene where Leonardo DiCaprio got arrested in the movie “Catch me if you can” was filmed in Montreal? I always thought the scene was filmed in...

Taiwan_Bear Updated 

How has everyone been? It's been a while since my last post on TV (English version). I am writing this post because I am a bit excited that there may be a short term bottom on BTC which I would like to share with you. It doesn't mean I am back - I still don't like the MOD here as you know. I am about to go on holiday for a month so I won't be posting/updating...

Taiwan_Bear Updated 

Welcome dear friends & followers, To begin, congratulations to those who have followed my recent calls on Bitcoin. Hope you are enjoying your profits so far. In Chinese, we called it “eat chicken” when we make profits. Have you had some chicken yet? Recently we have been making decent profits, however, don’t get too excited too soon as technically speaking we...

Taiwan_Bear Updated 

Gold has made a 4hr bullish engulfing candle in the previous candle. It is currently in a falling wedge and has already bounced at the bottom of the falling wedge. The bears have failed to make a new low. Good to buy if gold can hold above $1240.05. Do not enter the trade if price does not hold, with bearish formations such as bearish engulfing candle, bearish pin...

Taiwan_Bear Updated 

Two weeks since my last TA and this little stubborn son of a ...... is still going down within this tiny downtrend channel. Will it break upwards? I think so. But when? I have simplified my previous chart as I have received feedback from people saying the chart is difficult to understand. My idea is still the same in which my main target is still around the 4.7k...

Taiwan_Bear

USDCAD is still bullish and shows no reversal sign yet. A number of reasons to short: 1. AB=CD 2. Price structure (huge supply zone) 3. Possible butterfly formation Wait for reversal sign and short. Taiwan Bear ************************************************ Friendly reminder: 1. Do not use more than 2% of your capital per each trade 2. Don't expect to make...

Taiwan_Bear Updated 

Dear All, The support level of $6651 did not hold and looks like BTC is following the almost perfect fractals since February with a target of around $4700. There might be a bounce to retest $7100 (speculative) and if BTC gets rejected at that level then $6000 is unlikely to hold. And yes, I am still holding my $6660 positions which I used the profits that I made...

Taiwan_Bear Updated 

USDJPY pair has formed a Cypher pattern. D point of the Cypher pattern is also at the same price level as the downtrend line (orange) acting as another resistance. I have shown 3x possible price levels to place stop loss depending on your strategy. Could be a good time to sell. Good luck. Taiwan...

Taiwan_Bear Updated 

In the last couple of TAs I have mentioned the “2618 pattern” and have been asked what 2618 means. Sorry for taking it so long as it took me quite a while to put everything altogether. But, as promised, I have explained below the rules and trade setups for the 2618 pattern. What are the rules/setups/steps for 2618? 1. Form a double top (Note #1) 2. Neckline...

Taiwan_Bear Updated 

Dear followers, In the last couple of days I saw a lot of traders are going long on EURUSD pair. I posted a chart when EU was 1.16488 on one of the top trader's post as I think many are going to get rekt. Since then, it has dropped around 80 pips. My reasoning behind it was because: 1) EU is still in a downtrend - lower lows and lower highs. 2) When the price...

Taiwan_Bear Updated 

From the chart above you can see……wait…… doesn’t it look identical to the last TA? Yes, indeed. Nothing much has changed except I have added the resistance levels to the chart. You can see the AB=CD has worked out perfectly. My bounce target of $7101 was only out by 60 points. AB=CD is a very powerful pattern in which I only see a few Crypto traders use it. So, ...

Taiwan_Bear Updated 

Dear followers, From my previous TA, I have shown you the possible daily inside bar breakdown and the crucial support/resistance level to watch closely (in the updated idea section if you would like to refer back). So, the daily inside bar did breakdown but the breakdown was not significant. Thereafter, BTC formed a triangle on the <4hr timeframe and has also...

Taiwan_Bear Updated 

Hi Guys, As requested by one of my close followers on Twitter, I have presented you my view on BCH. It looks like BCH is about to form a Libra pattern. I know many of you have never heard of Libra pattern. Well, me neither. It only came across recently when I looked at tntsunrise's videos. In my opinion, it looks more like a GOAT lol..... Anyway....looking at...

Taiwan_Bear Updated 

Hi Guys, This is my second TA on Forex since I started posting my idea on TV. Please do not take this analysis seriously as I am still trying my best endeavour to learn from the master - tntsunrise. Trading Forex is certainly not easy, however I do see the potential of making higher profits than trading Cryptos. I have been encouraging a few of my close...

Taiwan_Bear Updated 

Hi All, The main purpose of this TA is to make a confession and to solemnly apologise to my followers for one last time (because some of you might feel annoyed). I apologise because I wasn’t capable of seeing the April short squeeze although there were many signs/indicators to show that short squeeze was coming. However, I am not apologising to those who blindly...

Taiwan_Bear Updated 

Hi All, Before I start with this TA I just would like to let you know that I don’t update or post a new TA on a daily basis unless there is a major change from my previous TA. This is not because I don’t care about you but rather I don’t want to confuse you more when we are already in such a manipulated market (if you haven’t already noticed that most of...

Taiwan_Bear Updated 

Hi All, 3 days ago, I updated my BTC idea (and EOS) to warn you about the bigger rising wedge formation (bearish pattern) as I was worried some of you may place long positions when you see BTC breaks above the small falling wedge. Soon after, BTC dropped massively. At the time I thought there was going to be a small retrace to retest the 8.9k structure but it...