Alikze »» ALPHA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- In the 1D and 1W time frames, it is moving in a descending channel.
- It has encountered support in the range of the green box.
- Due to the change in structure and behavior in the 1D time frame, it can have an upward movement up to the limit of the ceiling of the descending channel.
💎 If the current rising wave is accelerated, after hitting the first supply area which is the neck line of the previous corrective wave, it can continue the upward trend after a temporary correction to the next supply area.
⚠️ In addition, if the floor of the previous range is touched, the bullish scenario will be invalidated and must be reviewed and updated again.⚠️
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BINANCE:ALPHAUSDT
Alpha-signals
ALPHA - Short after FED meeting if rates will be rased by 0.75Right now market is still, waiting for FED meeting later today.
If rates will be raised by 0.5%, I'll expect some pullback for the market, but if we see 0.75%, it would be wise to look for shorts.
ALPHA is interesting because it's in the end of formation and can go either way, so I will choose direction after FED meeting.
Reasons to take short
⭐️ Bearish BTC
⭐️ Formation is seen on multiple timeframes
⭐️ Formation 6d old
⭐️ We are in the end of formation
⭐️ 4th touch
⭐️ We may see false breakout
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ALPHAUSDTALPHA have been bullish for days
But now it if fails to stay above the 0.5974 zone now forming a double top @ the 0.5974 with three candle broken downwards on the daily chart
I think a Short order would be great from here at CMP or 0.5470
Entry: 0.5470
Target1: 0.50
Target2: 0.45
Target3: 0.40
Stoploss: 0.5897
2017 - OCTOBER RESULTSDear traders,
Here is the usual report for previous month. After fabulous september month, we had a Okay-ish month in October with a small growth of 2% or a few hundreds pips.
Best of luck for November!
OTK Trade
EURGBP +21 pips / +0.13% (follow-up of september)
USDCHF +85 pips / +1.74% (follow-up of september)
AUDNZD +93 pips / +1.79%
COUBERTAIN Trade
CADJPY 0 / 0 (follow-up of september)
PALLADIUM 0 / 0 (follow-up of september)
EURJPY +27 pips / +0.37%
FAIL Trade
EURCHF -179 pips / -1%
AUDCAD -57 pips / -1%
EURCAD -63 pips / -1%
AUDJPY -40 pips / -1%
EURNZD -265
ON-GOING Trade
EURUSD
WHEAT
AUDUSD
EURAUD
CADJPY
CADNZD
SILVER
GBPCAD
EURCAD
USDCAD
NGAS