Trading-Guru

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We find LTC here in in a descending channel with oscillic properties. During the confirmation of this pattern we can continuously scalp trades from the top to the bottom of the channel (short) or from the bottom to the top (long). To keep it more simple and with less...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. First of all.. What's with the crazy spikes!? I'm curious if anyone has an explanation for that. Second of all, what a beautiful oscillation! Admittedly it's not 100% perfect, but we see many price reversals after the same 70 bar patterns. For this trade I'll be using...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. Uhhg. I absolutely hate charting really low sat coins. Incredibly thick orderbooks, very difficult to draw lines or do proper technical analysis. Quick question to the community, do you have any tips for charting such coins under say 500 sats? Any tricks I should know of...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. CADCHF Has finally shown us a temporary low in this massive bearish trend. This is not an easy moment to trade, there can be unexpected volatility, and there is not much historical price action to base your TA on. I am going to keep it simple for now and just share this...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see BCH here with a strong bearish trend currently. It is reaching a point of support, but it doesn't look like it is really going to hold. I expect the price to bounce a little bit, confirm the triangle, and break through the bottom support line. The intuition behind...

Trading-Guru Updated 

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. The price just hit this support zone, and got a beautiful confirmation of the area. It looks like the support zone is maintained, and the price will no continue with a bullish momentum. The nearest resistance is just above the current price, and makes for a nice...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see AUDJPY here in a beautiful ascending channel, with a cyclic oscillic movement inside of it. For as long as the channel remains, we will be able to do two things: 1) Scalp each price movement with a short on the top trendline and a long on the bottom trendline 2)...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see an interesting pattern here on LINK, where the price is about to hit a horizontal support zone, leading to an important decision moment. 1) On a shorter timeframe (left chart) we see a relatively weak support zone. The price has already spiked down a few times,...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. Here on AUDCAD we are seeing two bearish signals: 1) The price just hit a horizontal resistance area 2) We see a bearish RSI Divergence Bullish Scenario - If AUDCAD manages to break through the resistance, there could be a large spike up. It will finally release all the...

Trading-Guru

Let's look into more detail for this bearish scenario for EURCHF. We can see a rising wedge here, together with a horizontal zone of resistance. So far EURCHF has behaved very nicely within the rising wedge, with a clean oscillic bullish pattern. However, this behaviour is about to break as the price is closing in towards the zone of horizontal resistance. In...

Trading-Guru

Vet has struggled massively over the last few weeks. The general cash pull-out based on COVID-19 caused the price to drop to unseen lows. After the overall markets and BTC have recovered temporarily, I foresee a bullish scenario here on the 60m for VET based on technicals. There have been two import horizontal areas here, for which both have S/R flips. The...

Trading-Guru Updated 

In this update I will share a fantastic opportunity to understand human trading behaviour. First I will share the four levels of resistance that I am looking at. The levels can be used for the coming weeks to understand key price levels of BTC. However, for actual price projections, don't plan too far ahead. Even though we are in a clean rising wedge, I drew only...

Trading-Guru

We need to be really careful here on ATOM/BTC. A very clear descending triangle is forming here, giving us very bearish signals. The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through...

Trading-Guru

USOIL is in a temporary sideways channel here. Overall there is a bearish momentum on oil, and I expect on the higher timeframes this momentum to stay as we've not seen the peak yet on the issues due to Corona. The question though is, how do we profit from that? Here you see a sideways channel, where the price is moving between bounds of support and resistance....

Trading-Guru Updated 

What a textbook Support / Resistance flip here on the 1.078 levels for EURUSD. An S/R flip is a “support / resistance flip.” That is, when support becomes resistance or resistance becomes support (when support and resistance flip). I am bearish on EUR USD right now, but would like to bring this idea back to the community of Tradingview. How would you determine a...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy NEO and...

Trading-Guru Updated 

The descending triangle here is a bearish formation that usually forms during a downtrend as a continuation pattern. These are bearish patterns that indicate a sudden drop in price can come soon. I suggest you trade this one with a short, after we see confirmation of the triangle by a rejection on the upper trendline. Given that the pattern is so clean, the risk...

Trading-Guru

ENJ USDT Here is stuck between a few horizontal areas of support and resistance. Check out the chart to understand what the most important areas are right now, and which lines you should add to yours. The volality is high on ENJ for the 15m and to see this 15% opportunity between clean areas of support and resistance could be a fantastic opportunity. On both...