Here is a massive setup on the weekly timeframe offering massive potential. This scenario becomes invalidated if price breaks below 1.04
Recently we've seen some odd behavior by the Euro in most currencies, but in great timing it has left us a few clues to determine its true direction for a long and profitable trade. Right now you can see in the 4hr chart, I've outlined a curve under the candlesticks . The curve represents the gradual change of the price starting the beginning of this month...
Can we achieve a new higher high? Our current resistance zone is at the 65.00 Area . I'm anticipating prices to surge pass this area to form new higher highs, around the 66.50 Price Level! TP : 66.50
The pair is forming a flag pattern (and hopefully not a falling knife) after a strong impulse, so we could be getting one more impulse to the upside. On top of that we may have gotten a nice inverse head and shoulders should the pair not break down from the flag pattern. Looking at a retest of the 1.7825 level which is a key structure level too. My personal...
$eth / $btc trade setup and what you should be paying attention to.
So we do Have a clear trend break that is very clear so this confirms we are no longer in a bearish market and we have a retest at the fib level of 78.6 which reciprocates to 1.27 mark so this is a safe long since we do have a trend break and made a double bottom as well. we can expect it to retest that 1.27 resistant mark its safe to say we can easily catch...
Hey, instead of shorting Bitcoin -0.55% , I feel like shorting Ethereum -0.96% . Through this thread I will be updating and listing all of my plays. Many many updates to come as usual to show my thought process.
Reasons to buy: 1) Inverse H&S 2) Inverted hammer on a key structure level (have to wait for Friday close to confirm that) 3) Daily Stochastic oversold My personal details: Long @ Entry: 16.35, SL: 15.80, TP: 18.50 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent...
Quick review of the setup i was looking for to play didn't play out as expected. So back to monitor mode on this crytp to look for the next another setup.
Reasons to buy: 1) Inverse H&S at the bottom of a downtrend 2) Bullish 1H Divergence 3) Forming a descending wedge after a strong push up My personal details: Long @ Entry: 1.1547, SL: 1.1500, TP: 1.1685 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25...
Bearish Gartley Formed on the 1H on USDJPY were waiting for full completion so i will update if D LEG completes and forms a Bearish Variation candlestick
I stop of this trade for 2 times, I see bullish canndle but it retrace near the lows. In the trade #3 it break outs, I think it will go up to the next resistant line. But for fibo retracement, it will TP at 50%, 61.8% for save risk.
Not interesting in looking for buys i'm more interested in Patiently seeking sells around the price levels on this weekly chart and seeing if we can encounter the same reaction we have seen around these levels in the past in the next few months !
This post will cover the short-term aspect of Bitcoin, as what appears to be impulse waves. I will update shortly on the very short-term scale to show validity in the wave count. This is appears to be the end of the Bitcoin Correction. Many more short-term updates to come along with new targets. Follow for updates :).
Textbook inverse head and shoulders so we could be seeing a retest of the 118.00 levels as a first longer term target. With the DXY having reached 3 year lows we could potentially start seeing it correcting, or even reversing to the upside which in terms mean a rise for this pair. We can also see a nice flag formation which could be towards its end. My personal...
Do your own analysis and trade with care
I surmise Bitcoin developed a new channel after the huge growth in price when we initially hit the 4k mark, nearly doubling. At that point Bitcoin became truly relevant to a larger audience. This created a new channel which is shown in the chart. Bitcoin broke that channel in the euphoria phase. The resistance of the channel slowed Bitcoins progression and that...
Expecting the pair to push down all the way and retest the 0.6800 psychological level which also coincides with the 78.6% retracement of the previous impulse (see updates section) It's giving a nice triangle correction, and triangle corrections tend to precede the final actionary wave so this would make perfect sense as we're setting up for wave no.5 even though...