AUDCHF SHORT TRADE 1D DAILY ENTRY : 0.71600
STOP LOSS : 0.72115
FIRST TAKE PROFIT : 0.70600
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis on remaining open position.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
Short-long
Bitcoin's future projectionI think this 4 years cicle looks similar as the bullrun in 2013/2014.
My prediction is we will see a temporary top in mid 2021 at around 90k. Alts will probably go parabolic at this time. After we hit the 90k ish mark, we drop back to 45-50k area, where we will find our new bottom in the end of 2021.
At the start of 2022 we will go bullish again and we will see the top of this bull cycle around 200-250k. After that we end up in a new bearmarket, what will last for 1,5 years. Bottom will find again in the 45-50k area. Then we can see a
new start of a 4 years cycle. Next halving is around march 2024 and we hopefully see another great bullrun!
AUS200: Possible triple topThis one to watch. For new traders its a nice one to try out on a Tradingview paper trading account.
The possible triple top is into a zone of congestion. Price may go up or it may go down - only two directions here.
All you can do is take a controlled affordable loss (aka stoploss).
This is positional play for finding a trend south on a lower time frame.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTC USD Just A thought As the title says this is just a thought. Other than one extremely well hidden clue no tradable advice can be found on this chart.
Although it might ,.. this chart does not necessarily reflect my opinion on the matter.
I do not care whether you hodl, accumulate, buy short or sell longs ;) and I do not wish to persuade anyone to do something.
I never make judgements about the risk preferences of others and yet I'm already imagining the comments... (if any).
Russell futures> potential short and long scenarios.This is my set up, for Russell
Obviously a short entry has a better risk reward with 3 potential targets. But I don’t get to pick direction. My bias however is long due to the down wedge and strong supply. Price tends to attracted to strong demand or supply zones.
Have fun! Please give thumbs up and follow if you find this helpful.
CL> triggers for either a short or long position.Hello fellow traders!
I hope you are enjoying my charts and analysis. As you can see from my past analyses and now this CL analysis, I am strictly a trade by patterns kind of person. Wedges, ascending/descending triangles, pennants, flags, diamonds, double/triple tops, head and shoulders carry GREAT POWER especially when combined with support/resistance and supply/demand, (support/resistance is not the same as supply/demand despite debate to the contrary- though they are interlinked). I remember a quote from a ancient Greek philosopher (I think ;)- though I can't recall his name that states "with great power comes great responsibility". What is our responsibility? Always manage risk and reward to near perfection AND always use a stop loss. Some traders may not use a stop loss but I think this is a recipe for disaster. Disaster may not come today or tomorrow or next year or the year after that; but rest assured it will come. All the traders I know who did not use a stop loss did so after striking disaster. Avoid impending disaster by always using a stop loss.
If you enjoy my charts and analysis please support with a follow and a thumbs up. It will make my day- believe me :)
ANALYSIS OF CURRENT CL CHART: (follow the numbers below with the numbers on the chart)
(please see my previous analysis of CL and how closely price has followed my idea, including the big crash the other day)
1. The basic premise of this chart is- Are we in the initial stages of forming a new downward parallel (purple) channel? This would make sense with oil and the upcoming summer.
2. We have been following the yellow parallel channel since October 2020 (Autumn- not a surprise). Now we are possibly forming a new down channel shown here in purple. We are at a critical point here with the bottom line of the yellow channel forming resistance. Price ended Friday right at this resistance. You can mentally form a symmetrical triangle around the current price action. This supports a crossroads because symmetrical triangles can break out in either direction. When 2 factors come together at once it supports your position.
3. You can see the big black wedge that is formed and you can see that price broke out of the inner wedge bounded by the red line and the black line of the black wedge. A wedge within a wedge is another crossroads sign, so now we have another signal that we are at a critical area. Price temporarily broke out of the black wedge but this was a false breakout.
4. A trigger for a long entry will happen if price breaks the black trendline of the black wedge. You may enter on the breakout (aggressive entry) or on a retest of wedge (conservative entry and you could miss the entry).
5. A trigger for a short entry will happen if price breaks below blue support line and becomes resistance. Again you may take a position on the breakdown of support or a retest of what will then be resistance (this is called confirmation). You can see that if price breaks down we still need to get through the demand zone which is weak (this could appropriately be called support at this point). If price breaks below the blue support line and especially if price breaks below the next demand zone, then I would say we have confirmation of a new downtrend within the purple parallel channel.
Those are the 2 scenario's for this week. I do not know which way price will go so I always like to set a short and long trigger. If I had to say, I would say price will go back up because wedges usually take priority. But not always!
If you would like me to do some tutorials on trading with shapes and patterns I would be happy to do so- let me know in the comments. I have a lot of information to dispense about patterns if desired.
One last thing- the only indicator I use is RSI. This is primarily to look for bullish and bearish divergence (regular or hidden). I do pay attention to overbought and oversold but this is secondary as price can remain in these areas for a long time. But if there is bullish or bearish divergence in one of these zones it is a very powerful tool.
Thank you all for listening. I always want everyone to win their trades. I never root for someone to lose money. Even if someone takes the other side from me. The market will decide who wins; not me.
Again you would make my day with a follow and a thumbs up :)
Ms. Bunny
BTCUSDT 4H | Bitcoin market overview: TriangleHello, dear subscribers!
In the previous review, we looked at the price decline as the most likely development of events in the bitcoin market. We outlined the support and resistance zones.
Since then, the bitcoin price has fluctuated between $54,000 and $60,000. In recent days, buyers have been battling sellers for the $58,000 level. The bulls managed to briefly hold above the $58,000 level, but time after time they were squeezed by the bears below $58,000.
The bitcoin price has drawn a " triangle" pattern. The closer the price is to the top of the triangle, the more likely it becomes that the price will exit the triangle. The subsequent price movement after the exit is usually the height of the triangle, which in this case is $7,000. It follows that the movement targets will be $51,000 or $66,000, in case the bears or bulls win.
According to the MACD and RSI indicators, we are in a downward price cycle. The OBV indicator is above the support zone of the buyers - 2.15M near its maximum values of 2.25M.
In the coming days we will see which side, buyers or sellers will win.
Subscribe to the channel and stay tuned!
GOLD XAU 2HR LONG TRADEENTRY : 1744
STOP LOSS : 1754
FIRST TAKE PROFIT : 1732
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then look for continues of trend. As we have more information i will follow up with an analysis on remaining open position.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
FTM/USDT- Correction continues.Important levels/Global patternsHello everyone, analyzed the FTM/USDT pair
In the review, a falling wedge can be seen, which indicates that the big player is accumulating positions.
Also, a minor figure is a symmetric triangle, which in many cases is broken down impulsively. If we combine these two patterns, we can assume that the price will continue to fall to at least $ 0.36.
This level and the zone of accumulation of buy orders is still one of the key levels. Since according to the Fibonacci grid it is the level of 0.618, which is corrective.
The correction of this growth has already amounted to 60%, which is a strong sign of oversold.
Personally, I would, relying on my trading system, place 2 pending buy orders in a white rectangle. in a range such as:
$ 0.348-0.368
But one factor warns, it is the shadows of the candles, which the big player can close with full-fledged candles.
But I would prefer to work long, with a short stop loss only after the price rolls back from this level.
The volume for sale is weakening.
Also, if the price goes beyond the dotted resistance line, open a long after confirmation.
Indicators MACD, KDJ and RSI on the 4 hour timeframe are in need of correction.
Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management.
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BTC/USDT - Continuation of a trend or correction? BITCOINHello everyone, analyzed the BTC/USDT pair
Judging by the fact that there are no strong sales and the last ATH level is trading. You can see how buyers want to push the price higher. I slightly adapted the markup, after a small sideways flat - I think that the price will make an upward move. Cancellation of this scenario - price drift under the red area of $ 52-51 thous.
Why is it prone to growth?
to be honest, I would like to see a small correction for further growth of 70k.
Making an overview of the withdrawal or entry of large wallets, I dare to assume that great players accumulate positions on their wallets and withdraw bitcoin for cold storage, when other traders do everything for a turn.
Also worth noting is the level of the previous ATH. If the price is left above this level ($58150) for 3 trading days, it is definitely worth looking at long positions.
If not, then it is better to look for the levels of the purchase zone for yourself.
The indicators and the fixed rate are still positive for growth, although they have increased slightly. The market has weakened a little, but this does not prevent the price from pushing up.
Here I indicate only my actions and entry points to a particular position.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
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GOLD XAUUSD TRADE UPDATE 2HR TAKE PROFITOur first take profit target is hit!
We have now closed half the position, locked in some profits and will look for continuation of trend.
The remaining open position has pulled back aggressively, we will watch closely from here and make a decision to close position or not very shortly.
I will update analysis when we have more information available.
If you like this idea or traded it with me please like and follow for more ideas.
ORIGINAL TRADE IDEA BELOW
DJI (6h) - Double top - and more.The trouble with double tops is that, you don't know where exactly price will go. Have a look.
All you can do is take a controlled loss (aka stop-loss). If you can't afford it, don't take it (obviously).
Today was exciting!! USTech was heading south, whilst price on other US stock indices went madly north. The news said, that this was a about rotation. (Read up on that). Well, I don't think so. It looked as if moms and pops traders took confidence in an early rise of USTech and moved madly north.
Tech continued to grind down after that bounce, checking the confidence of the gamblers.
There's potential trouble on the DAX where 'gamblers' went wooohooo towards 14000 ish. Then the big boys said hold on a sec!
Oops - hello there is trouble in the Bond markets. The FED is basically fighting against itself - trying to boost bonds and prop up stock indices in the US at the same time. Yellen made an announcement that inflation is not a problem - and the gamblers became ravenous. (You don't see that stuff on the 6H chart. Look into the 15 min time frame.)
In other events, officially US debt struck just over $28 Trillion. But the true figure not in the public domain is estimated to be around ~$128 Trillion. Like 'who cares' some say, 'The FED has our back'.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
HIGH ALERT: To Bitcoin latecomersThe position shown is a potential crash zone. I'm well aware that 'everybody' thinks BTCUSD is going to $100,000 soon. There are problems ahead that 'everybody' is not factoring in.
Firstly the technical set up is showing something important in this analysis. Bitcoin has had a major long run up to approx $58,200.
Next - there is an important trend switch. 'Everybody' can see the importance of that conspicuous amber trend line. The seeming recovery is about latecomers and greed.
Then there is another problem lurking. What's that? Central Banks are quietly planning their own brand of digital currencies, and regulation is likely to squeeze Bitcoin. Loyalists will say that Bitcoin is bound to survive. Sure - but will price survive?
The technicals are clear for everybody to see. The greater probability is for the south - this is not a prediction. It is only a probability - which means there is also a probability that Bitcoin does not 'obey' the technical picture.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
AUDJPY (6H) - tricky situation.I've been watching price action in the last few days on AUDJPY.
My balance of probability is 51% for the south, leaving 49% for the north. I know 'everybody' wants better odds than that. Well, I did say it was tricky - at least for me.
My estimates are based on my analysis. Not a 'feeling'. I wouldn't be trading this time frame anyway. I'd be looking for a nice small trend to milk - one that is nested within one of those candles. So - if a small trend moves south, I'd take that. If a small trend moves north, I'll go with that. I go where the market goes - but from 'under the hood'.
If others have a different perspective based on their own methodologies, feel free to share.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Is the DAX burning down?This is a 15 min time frame, trend following set up. Price action looks uncertain and nosing slightly south.
As a trend follower, you know that you have to give the market much room to oscillate. Trend is more important than price.
Nothing in this set up means that I know the trend will continue south. All I can do is take an affordable loss. Hence, you find no predictions here. Why? Because I'm not predicting. I'm following.
New traders need to be very careful in these set ups. Expect a loss. Control it. Make it affordable. I always talk about losses - that thing that lots of traders don't want to hear about.
If the trend continues south, I can't know how far it will go.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.