BTC QUICK ANALYSIS OF PRICE ACTIONBITSTAMP:BTCUSD
btc is currently down trend. after breaking out of rising wedge we had seen massive decline in price.
no btc seems to be forming a falling wedge which is bullish for short terms.
what i think the price will do is to retest 20600 and gets rejected so we can retest the lower of june-july.
right now we can also observe bullish divergence in rsi which is yet to be confirmed.
make sure you should put massive orders when btc hit 19200 and place your SL below 18600
Price-action
Long term action price fib for BTCII we look:
All shorts open interest
Fib Levels
Action Price
Movement slowly down
All negative news
This only said to me this can go to the other side now. lets see if is like this. is not in the zone of short targets yet but not always we reach that. in other hand, we reach a good point to continue new wave upside.
audusd multi timeframe analysis and forecasthi communnity,
i spend few days analysing this pair, and here is my proof of work, it is only price action:
- i use price cycle with elliot wave theory
- i used to concept of ranges( orderflow; internal/external liquidity; break of structure etc;...)
- to enter a trade i use concept some simple but clear rules
the most important thing for me, is to analyse price with elliot wave theory, it radically change my rate of success when i start to use it, and you can see it on my ideas
> for audusd, my forecast are labelled in white, i see this pair making a pullback in the area of 0 ,62000 before a strong uptrend
Ethereum Vector to Hit the 1913 Levelhey traders
Interested in buying Ethereum?
The current decline is a correction for the continuation of the rise
It may be in the form of an expanded form or a regular form
Anyway, there is a protected demand area from which I will wait for a reaction to buy Ethereum
Target level 1913 $
tools of price action There are lots of ways to trade the market but the only indicator that will help you in all types of market is Price action
first tool is horizontal lines go to different timeframes based on your trading time if you do intraday trading go to 1hour
and 15 minute for swing trading go higher time frame and draw a horizontal line on important levels where market took support
or resistance how it works is you buy at support and sell at resistance because it has a higher chances of reversal than breakout
second tool is trend line make sure that your trendline touch no less than three point and that is a valid trendline with the
help of trend line you can trade high and low of the stock you're trading
although price action and chart pattern technical analysis will help you find a trade and give you entry points none the less it is not
gonna help you with the psychological issues you have and you will become a profitable trade unless you get your psychology of successful
profitable trader
poor grammar
GC1! as i said gold is down as i said to you there was a huge probability of going down and thats what happened tog gold
it went from 1712 to 1700 and we can go out from the trade or we can wait until we see a strong candle tell us to close the trade and go out
i'm so happy to show you my analyses !
you can check my previous analyse