The 1st profit target for my previous post has been hit. This is a great place to take partial profits, if you entered that trade with me. If BTC is to continue higher to the next targets (noted in purple), price will need to hold above the GREEN line I've marked. This is a diagonal channel breakout, however, it does NOT guarantee a continuation back to the...
Similar picture as the BTCUSD chart I posted earlier, except on the Weekly timeframe. A long entry here is an even greater probability for a large move to the upside over the next month. A strong close outside of this downward channel by the end of the week will be a bullish signal.
Nice hold of this most recent pullback on the 1 hr bitcoin chart. A long entry here should see btcusd rise for at least the remainder of the week.
My analysis of SPY weakness. I've marked short-term support & resistance, as the SPY, DOW, & other US indicies are retesting the latest crash. I would not be calling this a bear market yet, although I did enter a SHORT position on Friday. In the most recent crashes we've had, we've always managed to double bottom on the retest of a crash & then move on to make...
Bulls pushed with strong momentum to breakout from previous consolidation with bollinger band squeeze, after current pullback there’s potential that a new low will form at lower bollinger band and price will retest the new high.
Here is a possible road map for BTC to fall below $3000 or make new highs by 2021.
BTC is retesting a major supply zone. Would not be a buyer in this area just yet. I'm bearish short term.
EURGBP is finding support inside it’s most recent breakout level. I’ll be watching the 15min-1hr chart for enter, when bullish momentum picks up.
The pair is showing weakness & divergence on the 4 hour chart's 2nd retest of the most recent downside break. This is a short entry signal.
This is the same setup we saw when USDSEK fell last week. Profit target is the purple line.
I'll be shorting any weakness on the 1-4Hr timeframe.
EURUSD has seen a huge bounce off the all time lows over the last few weeks. I'm taking a short position for now. Just closed my long last night. I am long-term bullish, selling for now until a retest of the most recent demand zone. The weekly chart reverse head & shoulders pattern I posted about a few weeks ago, is holding so far. Expect to be able to enter long...
The monthly has been in an uptrend but it has been broken. Be watchful near the most recent low, as price may find support. However, if we can hold below the 0.84000 level, we will retest the all time low area of 0.61441. If we hold above 0.84000, expect a retest of the high around the 0.99300 area.
Alot of traders on here are calling EURCAD a short play. As of now, it's not. This chart shows what should have happened if it was ready to fall. We'll have to drop & hold below the 1.54855 area before calling this a short. For now, the Bulls are still in control. The Weekly is in an uptrend & the Monthly bar is just in a pullback. If it closes above this area by...
I was scalping lately, as volatility was available. Trends are looking more like they are ready to continue their original directions. I'm going to be entering for more long-term holds, as I'd like to go on vacation & relax soon. Perfect timing, as there's no need to day trade if the trends are there to just ride... Going to go through the list of pairs I'm...
The pair is still in an uptrend. This was the 3rd touch on the bottom trendline. This is your rent money setup.