BREAKDOWN OUT OF BEARISH RISING WEDGEi believe we may have had our blow off top and a correction has been due after all time new highs daily, acording to my new (10xbitcandles fantastic 4 strategy) * u can find my new strategy on my you tube,with full detailed tutorial and screenshots of using it on real trade, its under same name, sorry i cant leave no links, .... all signals have crossed on the 4h time frame, the (MACD) (RSI) (VWAP) AND (PSAR) those are the fantastic 4 indicators used and all you need to buy/sell, take a long/short entery and exit, as well as i have 5 golden rules when using my strategy, looking at my chart you can see all indicators have crossed and signaled bearish, we have broken downward out of the rising wedge pattern, my VWAP the most important signal in this strategy has fallen into bearish territory as i drew out trend lines for the hh-ll and it has breached the( LL) lower low, so i have put in a short position at 51,400 and stop at 52,300 just outside the upper part of wedge, and take profit using the (ATR) i use a 1 ATR on the (DAILY) pip and most times i do use the ATR for my stop losses as well and use 1.5 ATR on the (4H) , anyway one of my golden rules is to never use high leverage unless you are very experienced trader, never if a newbie as it is the single #1 that gets you REKT. anyway looks like a correction and maybe seen a blow off top but with the wild west of bitcoin and its bipolar swings u never know if it will just turn on a dime and move higher today since we left off on a (HH) higher high and most times i do not take a position until bitcoin has broken trend so would look for in this case a (LH) lower high, i use the (HH-HL-LL-LH) in my trading decisions and strategy, as you may see the ZIG ZAG on chart, another indicator that is used with my fantastic 4 is also (VMA) VOLUME MOVING AVERAGE, always make sure you keep a eye on any high volume spikes in the opposite direction of your trade, there are scam wicks and pushed up volume from whale manipulation aswell as the exchanges bots/algos have been known to trade against its users, so look out for quick spikes of volume in opposite direction and when taking trade always make sure the volume is in tandum with your position so when long make sure bullish volume and vise versa.
Centered Oscillators
EURJPY MACD Buy pattern vs Order Book on H1Interesting situation has rise: an almost formed macd Buy pattern (if reverse from 61-78 Fibo) and profit seller until 127.3.
In which direction price will prefere to run first?
I would set a Sell Limit at 128.000 where some SL clusters are, just in case. Also, it may be interesting to Sell until 127.235, where al profitable buyers were lost already nut also, big SL accumulation is.
If the price go down first, no problem for MACD. The Fibo has to be stretched.
I would encourage to Sell now with TP at 127.27, SL 127.83, then wait the price to reach 128.000 for another Sell, TP 127.385, SL 128.54.
Gold reached Key Low Support For a PivotGenerally we see a picot at this support retest. Seemingly we see this in play on the four hour chart.
MACD indicator checks as MACD/SIGNAL are finding common support and not looking for an initial cross to pursue the 0 line. RSI is making a huge sweep out of the oversold zone as a strong pivot begins.
I mapped out a consolidation zone within this level that could play as a pivot zone given the DXY strength. Recently we saw a slight downward gap in DXY that was quickly filled in frantic. However this could be a looming sign for a break in the greenbacks strength.
On an off note we can see Bitcoin soaring while the Greenback has been strong. We can correlate that when Gold is going up Bitcoin and DXY are going down and vice versa.
Please comment with thoughts and ideas. thank you.
Mean-reversion - OVERBOUGHT - SHORT - USOILGreetings folks,
Price has pierced through the standard setting bollinger band and my mean-reversion system has indicated a setup.
The trading system with a preset 2:1 profit to risk ratio for this asset has historically:
109 trades
14 %/R returns
38 % winrate
Do let me know if I should expand the assets and timeframe of ideas that I share.
Cheers,
PineConnector
ETH/BTC Technical Analysis: Ether may have found a temporary support level in its bearish journey against Bitcoin. The depreciation of Ether, valued in Bitcoins, has been steady after reaching the top of the current bullish channel at the end of January.
It has now reached the channel's floor, an excellent opportunity to halt the slide.
It is not in Ether's favour that the 200-day simple moving average is below the current level, well inside the lower channel.
The MACD indicator has an aggressive bearish profile, only diminished by the presence of the indicator's neutral level and the counter-reaction to the current downward movement's violence.
Above the current level, the first target level is at the 0.03733 price level, followed by the 0.03984 level. On the bearish side, the first support level is at 0.03287, followed by the second one at the 0.03143 price level.
Top channel rejection for a sell offPresented on the 1 hr chart we see a potential pivot in play with top resistance rejection.
Indicators are set to confirm with a full MACD/SIGNAL cross just above the 0 line. This will confirm a sell off in play.
Watch for a pivot at 1.07400. With a MACD/SIGNAL cross through the 0 line the trend may truck right through our pivot zone.
Take profit at current channel bottom support at 1.07200. Stop loss above current resistance with a full close out above.
Please comment with thoughts and ideas. Thank you.
ITP has three year resistance in sightThis is the weekly view of ITP. With a float of less than 25 million shares, and around 25% of them short, this chart looks primed for a short squeeze. Today, volume was about 5x the recent average, and was close to double the overall float. Based on the weekly chart, the next level of significant resistance is around $1.50/share. The stock closed at the highs of the day, and after hours it's up even further. If ITP can continue through $1.50 tomorrow, the next area of major resistance is around $2.00, suggesting a potential 30-40% upside from here.
Technical sell analysisPresented is a 1hr chart sell analysis.
We can see rejection around 118.000. We may see a slight pivot to make a complete retest of 118.000 before the drop.
I sentiment an incoming sell off if MACD/SIGNAL make a full cross through the 0 line. While this is happening we can see RSI forming a lower low breaking support in a slant pattern heading for the oversold zone.
I have 3 TP targets as mapped on the chart. These targets also serve as potential pivots. Do not jump the gun and close out unless there are pivots the\at breach key resistance.
Please comment with thoughts and ideas. Thank you.
SAFEPAL 1H in flag formation! Defined objectiveTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 1 hour movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
CADJPY Long ContinuationCurrently we are looking at the 4hr here, however the monthly time frame is moving to the next level above which is where take profit is. Would love to see some bullish momentum here after a nice little pull back. Please trade at your own risk, this is posted for advice only.
Ethereum in the bearish divergences zones!!!At the moment, the price of Ethereum it's go to down and we see that Ethereum it's need to find down the zone of $1,440 USD. that will be a possible conirmation to entry in the bull market in the $1,440 USD, the important and psycological point to bought.
But we see in H1 timeframe that Ethereum it's formed a little bearish risign wedge, but if you see in H1 timeframe, we're go to the bearish trend pressure to sell. For that, I put a short position in Ethereum from $1,720 USD approximately and my SL it's so little in the $1,810 USD, the risk it's so minimu as 5% agains the possible earns of 16% to short Ethereum. i'm sell Ethereum
In H8 chart, we see that Ethereum it's formed a bullish channel, and we see that the price action it's speak us to sell. The same in H4 timeframe that we see a bearsih candlestick group that they speak to sell Ethereum.
And then, we see in Daily that a correction it's so necceary to Ethereum continue up!!! This senario could be possible and we see a 2 doji of indecisio that mark that the trend could to supposed a possible reversal to down becuase there's demand below at least of $1,440 USD.
If you have a short or long trade plan, you can to post here about this idea of Ethereum. Guys, if you like this analysis, I Invite you to support this idea for others traders.
Buy off supportOur previous Key resistance that was needed for a breach too continuation of .89200 is now acting as a Key support as presented on the 1 hr chart.
While MACD/SIGNAL have made a cross on the 1 hr chart to set for a zero line cross, our two hear MACD/SIGNAL are making their initial cross for continued momentum. Our 1 hr RSI has made its breach deep out of the oversold zone with eyes on the overbought zone.
Our take profit is our clear first line of strong resistance at .90000 with a take profit 2 at .90500 pending a .90000 breach. Stop loss would be a clear breach and continuation of our current support.
Please comment with any thoughts and ideas. Thank you.
EURNZD - 08-12 Feb 21 Week Trade Plan EURNZD
Previous Month : Bearish
Previous Week : Bearish
Daily : Slightly Bullish
- EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum.
- The COT report showing that NZD sellers are picking up for the first time since the start of 2021 but still not a confirmation that buyers are out yet. I anticipate that this could be the spike that EN does with each new low created.
- Seasonality is not correlated with the current PA as NZD strengthen during Feb and created a pick now while Seasonality is showing ranging and a bit of weakness for NZD. I'll wait for this week to clarify a bit to confirm.
- So with Current solid bearish momentum, COT and Seasonality; I'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid formation above 1.7020 level.
- Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs.
- We have important news for NZD on Tuesday and Friday for Inflation and Business PMI also some news from China on Wednesday which also effects NZD.
Daily Chart :
Weekly Chart :
Huge resistance breachPresented on the day chart, We currently see a huge breach and continuation above 1.37500 which was our next key resistance to breach for continuation.
MACD/SIGNAL crossing above 0 line for continuation. RSI continues to rise into overbought. Next stop to breach is our take profit target of 1.3900.
Please comment with thoughts and comments. Thank you.
Buy technical analysis Presented is a buy technical analysis on the one hour chart.
I mapped out the key supports at the sell off as we can see a pivot at 1.05400 with a support retrace at 1.05600.
Following we can see the MACD/SIGNAL line making the initial cross up through the 0 line. This will increase buyer volume which will increase overall trend momentum. As a result we will see the RSI breach into the overbought zone.
Take profit 1 at 1.06500 to secure profits in case of a pivot with a second entry riding through a potential breach to take profit 2 at 1.07200.
Please comment with thoughts and ideas. Thank you.