EURUSD short (Supply and Demand Anaylsis)Current State:
We can see that the price already Retested the Supply Zone.
Expectations:
I expect the price to drop. The first possible target would be the Support Line. We could even see EURUSD moving more to the Down Side. So the Demand Zone marked on the charts could also be a nice Target.
This is my Analysis on the EURUSD. I hope you enjoy it.
Feel free to comment on the Analysis if you want to know something.
Let me also know in the comments your view about the EURUSD .
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BITCOIN Support, Expected Breakout, Halving Price TargetBitcoin seems to be able to sustain price level and follow the support trend line that I described in my previous analysis
If it works out then:
1. We should expect price breakout somewhere in January (crossing point of the red downtrend line and the main trend line)
2. Price movement after the breakout should be parallel to the previous one, therefore I expect the price to be around 20K at halving (May 2020)
3. After reaching the previous ATH (20K), price should pullback, market will enter correction phase, and prepare for the last Elliott Wave of this bull run
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BTC Support Line1. BTC follows the green trend line which indicates strong support
2. dashed trend lines confirm direction of the main trend and chart structure consistency
3. There is a high chance that BTC will follow support trend line and eventually go higher
This is not a financial advice, do your own research!
AUD/CAD - DON'T DO IT!!... Don't go long!... YET!!4 Previous touches on that trend line, and now some bullish candles appearing. I bet a lot of people are wanting to join in right about now. And if you are tempted would your stop loss not be where I have put the trade prediction?
Well if I can see that, big banks and institutional traders who get paid a lot more than me can see it.
Apples for the taking (I think that is the quote).
Don't feed the banks pockets, feed your own!
THE TREND IS YOUR FRIEND... but don't trend trade!!As you have probably heard do not trade against the trend. I'm going to assume you know what this means but if you don't read the bottom paragraph first.
Trading with the trend is obviously much more beneficial to us, and its clear why we shouldn't go against it. But have you tried being a trend trader? Aka a person who tries to identify trends and rides these huge moves out and scales in along the way?
For starters markets range 90% of the time, so only in 10% of market conditions are you going to succeed. Assuming you don't miss the big move because of all the previous losers and break evens you had in ranging conditions which filled you full of self doubt.
There are people who successfully trend trade, and I ask myself why bother??? It is such a struggle, you have to go through so many loosing streaks and keep calm and collected until that big move comes and you're in on it. For me that is too much stress and too much of a strain on my brain.
Trade with the trend when there is one of course. Only buy if there is a clear uptrend and sell if there is a downtrend. But in my advice I would steer clear of trying to follow the trend orcatch these big moves; you'll get chopped up hard in between!
I like it simple. See where people just got wiped out by the banks and follow the big boys.
Do you want to join our gang Haha?
You stay classy San Diego.
***** Trading with the trend is only buying in an uptrend, and only selling in a downtrend, if you do not know what a trend is, message me or google "How to identify a trend in trading" *****
To be honest.. Bitcoin Is a one world currency- When people ask me "what is bitcoin?"
- I tell them Bitcoin is a digital one world
currency created to counter inflation...
- As governments continue to print
more money Bitcoins deflation takes
the value of failing fiat currencies...
- BE IN BITCOIN FOR THE LONG HAUL.
Stay profitable
- Dalin
Monero Gann AnalysisHere we have Monero or XMR over on the Binance exchange. This chart utilizes Gann in a somewhat unique configuration.
NZDUSD - Long from a long past price levels!Setup: Prices are nearing 2015 lows indicated with the two parallel horizontal white lines, we see signs of weakening bears as we approach these levels, signifying a possibility in a trend reversal. So, we set up a long entry at the edge of the H4 channel area coinciding with the 2015 lows, aiming initially at the first area of H4 resistance, with possibilities of extension as the up trend forms and a tight SL below the yearly low zone.