Crypto-trading
$PDN Paladin Energy PDN Formed a nice macro Bull Flag that broke out and trapped a lot of traders as it turned out to be a fakeout. These Breakout traders have since puked their positions on the fake breakout.
PDN then broke support and ranged under the OCT 2004 ATH. This looked like PDN was breaking down and about to go lower.. Exactly whaty a big Hedge fund would want you to think if they were building a position. they are hunting for liquitity imo.
Im bullish here for the following reason.
1.Reclaim of 2004 ATH acting as resistance.
2.Stoch in an area that tends to have a high probability for long setup
3.Small but Bullish Divergence on MACD.
A nice clean break and hold above 720 may start the next leg up on this stock
BTC LONG Potential long on btc, being very cautios as we havnt hit 50% the ob weve discusses prior but we have seen a LTF reversal as shown on chart.
will look to enter inside the ob and will have 2 targets.
1st inside the fvg+OTE of market open PA as shown with fib.
2nd will be above the weekends highs, sunday stop run was shallow and left relitivly equal highs with a untested ob above.
If second scinaro plays out well look to short inside the ob!!!
ETH Resistance & Support (2 weeks+)As ETH starts to look like the market indicator (up over 30% against BTC since the bottom), this is a brief outlook on future resistance and support. Above the lower lines of support, the bottom of the daily EMA ribbon (1340) could be another strong area of support On the other side, horizontal resistance can be seen on the 4hr Beyond that the weekly EMA ribbon will cover a wide range of resistance between 1900 and 2400 The 20 and 50 week MA fall in that same range Also worth noting the bearish cross of the 20 & 50 week MA, and bearish flip of weekly EMA
Phases of the Market: 2017 (top) vs Current (bottom) Just an interesting comparison I drew up today... Not using this for a trade entry, more so to visualize a potential path based off of structural similarities.
As always, this is not financial advice, but if you gained any value from it I urge you to like and follow us to share the love. We will always respond to messages from ours followers, so feel free to connect with us if you'd like..
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DXY - Dollar Technical Analysis ChartDXY - Dollar Technical Analysis Chart Update
Time Frame - M30
Here we have some Situation like
- LTF Bearish Channel with breakout need to wait for the retest
- Impulse Correction Impulse - Correction ( ABC Wave ) completed it will again follow Impulse ( Bullish )
We have Strong Bullish Divergence
Pairs Like EUR/USD , GBP/USD , XAU/USD , XXX/USD seems to follow Sell Trend
It seems that it will again Break the Level it created in 2002
SOL/USD Secondary trend. Channel. Reversal zone.Solana Super Hype. Secondary trend. Timeframe 3 days. Logarithmic chart.
The coin of the famous “hedge fund” Alameda-research. Despite the useful application and development of various applications on this blockchain, the asset (the coin) itself is in fantastic profits. Be careful when trading and follow risk management. This is the backbone of profits.
Coin Market: Solana.
Line Chart.
The trend reversal zone on a large scale. The timeframe is 1 day.
How the price will behave in this zone is decided all on this Andromeda project. Observe the risk management in your work.
The main trend
SOL/USD Main trend. Cycles.
Sorry EUR We are not friends Any MoreUpdate 19/07/2022
1 Structure 1+2 : bearish
2 imbalances : 50% filled
3 Current Move 1+2: impulse
4 Entry TF : D1
4.1 ETF Structure: bearish
4.2 move : Correction
5 Support Resistance: CIP at 1.363
6 FIB: 50 resistance target filled
7 candle Pattern: White shoulders
8 Chart Pattern: Flow And Base
9 Volume : High to low But too much low in correction
10 Momentum: bearish To Sideways
11 Volatility : Possible resistance at middle band
12 strength: Shows Curve but bears are in strength yet
13 Sentiment : 2nd weakest currency against dollar in majors
14 Final conclusion: Because Usd is So strong this Time Now we need to switch Our Time Frame Daily to 4 hour just Waiting for can candle stick reversal Pattern and confirmation if we use h4 time right this level we able to catch early entry and best risk to reward ratio
in 4 hour tf Head fake or key reversal possible so just with one candle confirmation we can enter
15 Buy /Sell/Wait : wait till next candle
16 Entry:1.0.222
17 Sl: 1.0286
18 Tp: 0.9763
19 Risk to reward Ratio: 1:10
Excepted Duration : 15
My MistakesI have made thousands mistakes since I started trading 15 years ago. And I continue making mistakes from time to time.
Why do I say about it?
Because you have to know about the true value of mistakes in trading.
Mistakes gave me tons of priceless experience. They helped my to boost my trading level from newbie to professional. They helped me to understand who I’m. They showed my strong and weak points. They became the source of new ideas. They gave knowledge what to do and how to do. They gave understanding what is really important in trading. They showed what doesn’t work.
They showed me the path to successful trading.
Why should I shy that I made mistakes and continue making them?
Mistakes, it is the part of any success! Don’t try to avoid mistakes as it is impossible. But try to get as much benefits from any mistake as possible. And of course, you can make new mistakes, but never repeat old ones. And your success will be a matter of time!
NAS100 [US100] Daily Outlook | July 18Long Term Outlook:
Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trend-line joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .
Short Term Outlook:
a. 1HR break and closure above 12120 zone could drive price to test 12305 and subsequently 12572 zones.
b. On the other hand, the break and closure of 1HR price bar below 12012 zone, we may yet see a dip down to 11777 zone with big emphasis around 11926.89 area
Let me know what you think in the comment section.
NOTE: I trade NAS100 and EURUSD live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST
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-Kings
BTC FORECAST I had a forecast on *BTC* ( Bitcoin ) last month and my sentiment is that;
we are likely to start going bullish on BTC...
_could hit 37k .... but for now I don't trust the big figures of the BTC from 45k upwards but, we also have higher chances of reaching that on the run_
we have two demand zones, the current one we just mitigated is around *19k to 16k* and this the one that I feel is likely to start the bullish move
the second demand zone lies around *11k and 9k*
although this zone shows nicely on the monthly view but.. I see this second zone as a weak zone due to the low impulse coming from it as seen clearly on the weekly...
But we have this first demand to be a very valid one and is like to start the BTC bullish move.
it has a vice inefficient price action on it way up, it also broke structure and we have a nice impulse coming from it.
I feel if BTC moves below 16K I don't know what could happen next. it could mean the end of BTC
as of now 11k is a death path for BTC... I would advice any investor to start investing in BTC now.
StefanFX.......