Technical analysis fits perfectly - work of art at BTCTechnical analysis regarding the price of BITCOIN in relation of dollar Tether for the next scenarios, based on 4 hour movement.
According to the price movement following the Elliott waves (Ralph Nelson Elliott theory), the bitcoin price is correcting and, soon after, I projected the same wave sequence of the first part and pasted it. Look how this is a work of art, where the prices fit perfectly between the lines. Obviously, it may not be as expected, but it is my vision.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Daytrade
GBPUSD PUSH DOWN (FR THIS TIME) Whats up guys, first off, i want to apologize for the idea yesterday, i totally f'd up on that one, but i promise ill do better this time!
So its Friday!! The trading week has come to a close almost. Lets finish strong and start the week off right on Monday.
Lets take a look a GBP:
From my analysis, I see that price broke the level of support we used for a buy yesterday, (this is the same support that i though we were going to break yesterday), this tells me that its very likely for price to trend downwards now, until we hit maybe the blue line at the bottom of my markup. the only thing that makes me cautious is the fact that its Friday, and from my experience, price tends to range in a specific area on Friday or it can absolutely demolish a certain setup.
Pair this with the oversold RSI on virtually all timeframes up to 1H and you have a recipe for a potential reversal that came out of nowhere. Nontheless, dont let this scare you away, rather let it make you exercise caution and be sure to use CORRECT RISK MANAGEMENT
My bias for today is going to be short but if we see a strong push up, we can expect a reversal back to a higher support
Trade safe, trade smart, and trade precise yall, ill be back next week!!!
Newly launched RIF with a lot of growth potentialTechnical analysis regarding the price of RSK Infrastructure Framework (RIF) in relation of dollar Tether for the next scenarios, based on daily movement.
The price of this newly launched crypto is already in an upward trend, right after breaking the high of January 8th, making its price gain upward momentum. I was able to trace my price projections for the next scenarios, if everything goes according to plan.
This currency has an enormous potential for return and growth, because its foundation has a thesis and purpose, so, in my view, I believe that it can achieve such targets.
Taking this period in which the currency has already appreciated, the Moving Averages are taking shape already pointing upwards.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
GBP/AUD ANALYSIS + POTENTIAL SHORT POSITION!GBPAUD has been moving strongly to the upside for some time now creating consistent LH and HH, confirmed with the multiple bounces off the trendline. Price has been ranging throughout the London and New York sessions today, however at 5PM GMT the market has broken out of a major 4H support zone @1.75700. A bearish candle closed below 1.75700 on the 1H timeframe which indicates further downside potential. There is now a retest taking place of the 1.75700 zone, if this candle closes bullish but below 1.75700 then I am confident that the market is going to move further to the downside towards 1.75400 and I will be looking to enter a SELL position.
Feel free to like this post if you agree with my analysis, comment any thoughts or ideas you may have and follow me for more content!
Happy Trading!
GBO USD PUSH DOWNHello traders, welcome back to my page. I hope everyone is having a good trading week so far. Lets keep it that way. 2021 starting off RIGHT YA FEEL ME!
If you are new here, consider liking this idea because it tells me you guys are messin with the content. But with out further a due, lets get it!
So as we can see, we have some weakness from the pound. This is shown by the inverted hammer on the top of this 1H formation. I have it circled in red. this tells me that the sellers have pushed price down stronger than the buyers were able to push up, a nice indication of a downward movement. We can pair this with the recent crossover of the 2 EMA's marked on my chart.
Also, during the London session, we can observe price tried to move back up but it only ended up making a lower high compared to the previous move up, which was yesterday during the day.
My chart shows the little details as well as my potential targets.
Remember to trade smart and trade safe! Precision over EVERYTHING!!!
EURUSD - Signal by Keltner - Stoch - ADX 14 Jan 2021Risk/reward: 1/1.3 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 70/15 | Adx: 31/9/9 | Notrade friday
Max risk: 1.5% - Risk / reward: 1 / 1.3.
1. Trend identification:
... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic:
...... k> 70: Uptrend. k <15: Down trend.
... ADX: 31 provides strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet.
3. Not trade friday.
4. Entry point 2: Entry 1 is available. Risk/reward: 1/2.
**** Percentage of Entry 2 < 50%.
GBPUSD Short into longs IDEAHi Guys,
This is my first publication of an trading idea.
Keep in mind price could go always push a bit higher before falling to our area of interest for the long position.
I won't put R/R Tools on these charts as of yet as i like to have more of a PA (Price action) confirmation before entering a trade myself.
Anyway thats it for my first trading idea.
If you guys have any questions about my trading style or anything like that feel free to leave a comment!
Keep on grinding guys!
Peace,
Daytrading Dave
GOLD B/E Next Setup! Our last trade was a break even. Now we are looking at a few key areas. We are trading with the ascending channel playing off the support the resistance. If we break 1869 there is limited resistance which could give us a further bullish push and a break to the upside of the channel.
Inversely if we break down and break the support we will made a new lower low around 1815.
We will wait for a confirmation of the channel to make our next move.
GBPUSD LOOKING FOR A DROP... (MY THOUGHTS)Wow, its been a long time since I have been on here. Dont worry, I have been trading in the time being, i just havent been posting. Alas, here i am again, I miss you guys hope everyone is well. So my first idea back online;
As I observe the chart of GBPUSD, I notice alot of fluctuation at this high level that price has established. We were bullish during the first half of London session and this tells me that we can possibly see a reversal since price likes to change directions during NY session (SOMETIMES, Not always)
We can see on the hourly chart, price made a candle with a long wick up top, a sell indication (potentially, if all other factors line up) Pair this with the fact that price has been making lower highs and lower lows, pay attention to where price changes direction, even if its something that doesnt look that significant.
If we need further verification, we can see that the Hourly RSI as well as the 15M is heavily over-bought, not our main signal, but it is a supporting signal to go off of.
Nontheless, Im favoring a short on this pair as of now, good luck traders. Practice good risk management and remember to be PATIENT!!!
Observe, Execute, Play. Dont hesitate to make a move
FOLLOW ME FOR MORE IDEAS. PROMISE IM POSTING EVERYDAY FROM NOW ON, I NEED TO PUT IN SOME WORK!!!
EURUSD - Signal by Keltner - Stoch - ADX 12Jan 2021Risk/reward: 1/1.3 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 70/15 | Adx: 31/9/9 | Notrade friday
Max risk: 3% - Risk / reward: 1 / 1.3.
1. Trend identification:
... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic:
...... k> 70: Uptrend. k <15: Down trend.
... ADX: 31 provides strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet.
3. Not trade friday.
BITCOIN technical price projection - for the next moments
• Technical analysis regarding the price of BITCOIN for the next scenarios, based on daily movement.
• The price of bitcoin is correcting and with it, falling. There may be the graphic formation of a Shoulder-Head-Shoulder, with the price correction keeping falling, obeying the red line A~C and/or there being the price correction until support and return with its predominant upward trend, which we can see on the yellow lines of the Elliott A~E waves.
disclaimer
This is not a recommendation to purchase and/or sale. It is for educational purposes only
SLV day tradeSLV sold off sharply today due to rising real bond yields, but it may get a bounce late in the day. SLV has strong support from the 50-day SMA at $23.02. I purchased it there and hope to ride it up for a sale at $23.90, perhaps as early as the end of the day. If the 50-day SMA fails, there's a volume node at $23.53 that might offer some support, and from there it's a long way down to the next major support at $20.65 near the 200-day SMA.
EURUSD - Signal by Keltner - Stoch - ADX 11 Jan 2021Risk/reward: 1/1.3 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 70/15 | Adx: 31/9/9 | Notrade friday
Max risk: 3% - Risk / reward: 1 / 1.3.
1. Trend identification:
... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic:
...... k> 70: Uptrend. k <15: Down trend.
... ADX: 31 provides strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet.
3. Not trade friday.
Daily analysis in RUNEUSDT - Price target (walking on the channMy speculation as to the price of THORChain (RUNE) for the next moments, based on daily movement.
The price on the daily chart has been moving in a bullish channel, with support and resistance points already well defined.
Based on my speculation, I believe that after the price breaks this resistance (which may signal is the channel's upward trend line), it will be able to seek the projected target (first green line at the price of 1.9996)
Moving averages taking shape and price always staying at higher levels, gaining strength and growth in this period.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only ***
4H analysis on EOSUSDT - Projected target (growth potential)My speculation as to the price of EOS for the next moments, based on the 4h movement.
The price is approaching strength close to an important resistance region. This region has already respected 2 price touches.
Cryptocurrencies have been gaining traction on a global scale in an incredible way in recent periods. Thus, I believe in the price reaching these take projections (green lines).
One has to notice a formation of the Elliott waves, to which the streak 5 broke the channel, where the price was upwards.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only ***
4H analysis on ETHUSDT - Projected targetMy speculation as to the price of ETHEREUM for the next moments, based on the 4h movement.
In this analysis, I notice Elliott waves in formation (there are still no corrections A~C, in my view), only the formation of waves 1~5.
The price has been moving in a bullish channel, with the price gaining strength remaining above Exponential Moving Averages.
The price may seek the targets projected on the green line, with the stop on the red line.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only ***