Crazy Oscillation, Crazy Spikes. What's happening Theta!?
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 those two things together with the horizontal support zone to enter a trade. I expect the price to use the oscillation to come back down to the support zone, which gives us a great entry for a long. For this trade make sure to set limit orders everywhere. Put a limit order near the support zone, and DEFINITELY put a limit order for your take profit, to benefit whenever one of those crazy spikes come back again.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Also, check my recent popular ideas on BTC:
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 those two things together with the horizontal support zone to enter a trade. I expect the price to use the oscillation to come back down to the support zone, which gives us a great entry for a long. For this trade make sure to set limit orders everywhere. Put a limit order near the support zone, and DEFINITELY put a limit order for your take profit, to benefit whenever one of those crazy spikes come back again.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Also, check my recent popular ideas on BTC:
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.