RLCUSDT - Short PositionI Saw a Clear Head and shoulder pattern...short in case of break through the Static support
Shortposition
Short oportunity in Ethereum until the $335 forecastIn this analysis in H1 timeframe, Ethereum was into this descendent triangle . Well, we hope a short entry confirmation in the $377 USD approximately
Now, as Ethereum formed this chartist pattern, we see a bearish movement until the $335 USD.
In the situation of Daily timeframe we see a bearish movement that bears is leading the cryptocurrency to reversal trend.
And the key support line was broke down in the morning, that show that Ethereum is weakness
Also, there are a 2 points to take our profit, and those are $355 USD or $335 USD, that it's could Ethereum reach down.
Bitcoin is forming a bearish rising wedge!!!In this analysis, Bitcoin is goes to the $10,000 USD level again, because there're not demand right now, we are in the supply zone, also to recall this strategy is called supply and demand!!!
Yesterday, we were okay, but, in the night I didn't analyze the chart, but I bring you the new updated what Bitcoin do today!!!
So, we see in H1 timeframe a weakness of the price, if we entry in the $11.080 USD, I'm would have in profit, but I didn't analyze the chart. Well, it's very important always to analyze the chart to know what the market do.
So, we hope a entry in the pull back in H1 timeframe to valided the short position
That is what happened yesterday and the trend is become so bearish until the objective to find down
Also, as we have 2 possibilities:
1. Bitcoin could leave at the $10,628 USD
2. Bitcoin broke down the key support and leadint to the $10,128 USD in the key support line on Daily
So, guys it's simple, we hope a entry short position pending in some hours when Bitcoin go again the $10,900 USD\\
Remember, that we need to be cautelous when Bitcoin go to the $10,600 USD, is a important point, in case that show in this zone bullish candlestick group, so obviously we need to closed up the position
Reccomend to closed up all long position in Bitcoin, Ethereum and Litecoin because the market has reversal the trend!!! And also, if you want to see why the rising wedge occured? I reccomend to linked in my related idea a mini-class for yesterday what will be happening if Bitcoin doesn't continue up, well, remember that the market is not exaclty and there's a lot techniquel to identify a reversal of the trend.
Overview: FED meeting today about the interest rate!!!Today, fundamentally, it's a important day for the U.S. Dollar. So, we hope between the short-term and medium-term a recuperation of the U.S. economic. Because, if you noticed it, the indicators of all U.S. economical calendar showing a recovery of the economy in the unemployment, aid, aid financial, and more that Federal Government want to help and support unemployment and companies.
Keys Fundamentals:
1. Dollar down ahead of FED meeting
2. Dollar edges lower; FED meetin looms large
3. The FED meeting is the main event in town, being the central bank's first get together since FED Chairman Jerome Powell announced a more relaxed approach to inflation at the Jackson Hole Symposium in late August.
4. Francesco Pesole wrote in the research note that Federal Reserve latest policy shift has fueled expectations that rates will stay lower for longer until 2028 to get a target to 2%. and is therefore offereing-and will likely continue offer in the foreseenble future-a reason to stick to US Dollar shorts position and hold the American currency a sell-the-rally approach on any US Dollar signs of reprise.
So, I believe that United States it's going to reprise the economic and there open up the economic and businness commerce that was in bad conditions of the covid-19, we hope to medium term a recuperation of the U.S. Dollar against the enemy par.
Also guys, the position in short was activated in hours of the night on my country Puerto Rico at 3 a.m. New York's time.
So, good luck of this trade!!!
GBPUSD NEXT SESSION IDEAS (SHORT)Alrighty, on today's episode of fastboii trades LOL, no seriously, before i go to sleep to take a stupid exam in the morning heres my ideas for GU. So as of now, we have been hovering at this little liquidity zone if you will, and it looks as if now it will see a drop. That being said, i may take this sell before i go to bed just to the target marked on my screen.
MOVE 1: so more than likely, price will push down during the night and hit the first level i have marked IF it doesnt already push up from the point its at right now. We can likely see after price hits that first level, it could bounce back up and clear that top resistance in the NY session since there will be more traders in the market
MOVE 2: If the sellers are really in control, we will see price rally all the way down, hit the support level, maybe play around for a bit and continue the move down to my second support target. after that level is reached, i would like to see a buy back upwards but we would have to wait and see the market's reaction to the said level.
Either way, i am prepared for both directions and hope to make a profit on the moves. If you guys like the idea dont be afraid to drop a like, that lets me know to post more ideas on GBP/USD. Focusing on this pair ONLY until i master it fully.
TRADE SAFE PEEPS
BTCUSDT In a sensitive AreaAs you see BTC price brokes Andrew's pitchfork line and now it's around the Trigger Line. If it breaks the trigger line without pull back to the pitchfork, probably we will have a bearish in Price. It is also a powerful support level near the trigger line that will break together. So if the Price goes under 11200 and stays for a while, We will expect 10500 and 10150 in the next few days. If Price pulls back to Andrew's pitchfork blue area the signal is violated. Just Have an eye on BTC price.
Be Careful, don't open any position before the price breaks lines.
God Bless All Traders.
RISING WEDGE IN THE MAKING ON BTC!CURRENTLY WE CAN SEE THERE IS A RISING WEDGE IN THE MAKING ON THE BTC. THIS KINDS OF PATTERN TEND TO BREAK TO THE DOWNSIDE. IF THIS IS ALSO THE CASE HERE, WE CAN SEE A RETEST OF THE LAST ZONE OF SUPPORT. THIS WOULD GIVE A TARGET FROM $11200 TO $11110.
IMPORTANT TO STATE HERE IS THAT IF THIS PATTERN PLAYES OUT, WE WILL BREAK A MAJOR SUPPORT LINE ($11500). THIS WOULD BE BEARISH IN THE SHORT TERM.
IT IS IMPORTANT THAT WE CAN RETAIN THE LAST ZONE OF SUPPORT. OTHERWISE, THE OPPORTUNITIES OF BREAKING FURTHER DOWN WILL INCREASE SUBSTANTLY.
SHORT FKLI TRADING :144) hitting the 1st tpthis is trade 144 frm haidojo trading...
short position at 1574-1570, SL abv 1585, probably a few points abv it...1st tp at 1560, 2nd tp at 1550...
the reason for trading...? the price was juz rejected at the resistance level , 1577-1585...
this is recap frm the previous trade 141 which I gave out last week...today, 1st tp 1560 is filled...
now we wait in anticipation that 2nd tp 1550 might be filled too..
fingers cross...
resistance : 1577-1585 (reversal to bull)
current support : 1560
lower support : 1540-1547(continue to bear)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
DAX - SWING Alert - Bearish Scenario / 10-15% GAINS !!!-NEW author on TradingView
-2+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering crypto/US stocks
XETR:DAX 90min: BEST level to SHORT 10-15% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: XETR:DAX 90min chart review / outlook
::: bounce imminent right now
::: likely setting up for a bigger move downwards after filling the CME Gap (13400-13500)
::: however short-term I recommend to focus
::: on selling HIGH from confirmed resistance
::: In this Setup it is very important to be patient to not get frontrunned
::: key resistance: 13500 USD
::: key support level: 11400-12000 USD
::: recommended strategy: SHORT IT 13400-13500 USD
::: SL 13720 USD TP1 12000 USD TP2 11400 USD
::: If you like my content, please consider liking and commenting. So I can adjust my content to your feedback guys.
::: Good luck traders!
Zoom out and you will understand...73b for a video service????? come on get serious
1. Easy to copy paste it
2. How much money do you expect companies to spend on video service over long term?
Waiting for RSI divergences on multiple timeframes, there is a chance it will go up to 100b and then the real fun will start... with 2 hands & 2 feets i am going to short it there without a stop loss...
EUR/CAD has the possibility to make a drop correctionHello guys again, I analize the Euro against the Canadian Dollar. It's mean the European Union wihtout the Canada.
Well, in this technical analyse EUR/CAD was formed a bearish rising wege, that mean a possible gran correction to find down at least 220 pips, but not is yet already. We could to see 2 formations: A bullish channel or a bearish rising wedge in formation. That is mean in this par EUR/CAD.
We could be this in Daily a formation of bearish rising wedge in Daily timeframe.
Or we could to see it in Daily a bullish channel ,the mos fiable for me is that EUR/CAD want to form a bearish rising wedge, its the most probability to formed.
That is all for you my trader, so in H1 the only we hope is the price is go up a little and hope a bearish candlestick confiramtio to entry in short.
Now, looking in H4 timeframe I see a drop of the price, because EUR/CAD is so weakness, and both indicator show it situation.
Canadian Dollar is strenghten agains the US Dollar!!!In this technical analysis, Canadian Dollar is more strenghten than US Dollar
So, I make this analysis in Daily because it's seem a nice opportunity in short of this par for the next days. Because US Dollar is weakness than US Dollar. Also, htis par is one of the opportunity month to find down pips because I proyect a possible drop of 600 pips. Followin the elliot waves analysis, we are in the Elliot Wave #4 to find down the Elliot Wave #5. This is a huge opportunity for longer in short.
That is what I explained in weekly taht the price is go down to find down the trend line of ascedent triangle that we were from 2015.
But rememebr than in long-term we see a USD agains the CAD so bullish into the target at $1.64 CAD, and that mean that Canadian Dollar is continue devaluated from long-term agains the USD and that is a great opportunity if you want to put in long position when the price is leave at $!.29 CAD approximately, that is the 600 pips of bearrun that I hope.
Updates: Another confirmation to put in short positionBitcoin is into the bearish rising wedge, so this is a nice scenario to put another lots of Bitcoin to earn money, and we are to finish the Elliot Wave Correction ABCDE to later in some hours to drop and find down the green support that we can appreciate in Daily.
Also, another confirmation is that we are into this descendent channel that we can to appreciate in H4 timeframe.
And finally, we are in Daily that objective so bullish later the Bitcoin goes to the demand zone of the green zone
I will going to check other altcoins now!!! That is an interesting position to put in short in Bitcoin as another altcoin to see it.
Canada Dollar is strenghten agains the US Dollar: FundamentalsIn this technical analysis, US Dollar agains the Cadandian Dollar!!!
Remember tha expectative for US Dollar is bullish, but we are to find down the Elliot Wave # E, I believe that this par is one of the best technical anlysis to make money in the next week invest a considerale lots to earn money!!!! But, It's so beautiful to see how US it's been one of the country more with Covid-19 cases, That spend time a drop off of more of 4% in US Dollar.
In Daily, rememebr we follow this squenze, because we are to find down the Elliot Wave # 5 in Daily timeframe. Also, if you noticed it, we are in the shoulder head shoulder with a possible drop of the price. So, I prepared to invest in this par for the next week to earn money. As we follow the elliot wave squenze, we are in the good zone to put in short position
Now, in H4 timeframe ther are an interesting entry in short, remember that the key is in H4 and Daily timeframe, are the most effective entry in short. Also, in H4 I identify a formation of Bullish Gartley, for not of all, because the trend is beairhs and we hope a confirmation of the price, this i analysis is so interesting to put in short, so so interesiting that you not imagine.
Well, this is the fundamentals what I found out today:
1. USD/CAD falls to one-week low as Bank of Canada says economy amoided worst case scenarios.
2. Bank of Canada kept it's fench-mark interest rates at the effective lower bound of 0.25% and now to keep rates unchanged until at least 2023.
3. Bank of Canada say a recent data had suggested the economy had bottomed in April, in a boost to hopes of a robust recovery
4. A comment of the Bank of Canda said this morning;
"We now estimate that the economy contracted by afort 15% in hte fist half of the year, but as deep as this it, it sugggest the economy has
avoided the most scenarios .
5. Bank of Canada did an indication that permanent scaning from the covid-19 pandemic will reduce the economy's long-term productive in 2022
6. Following the Canda's trend, the bank also pledged to continue to purchase government's bonds to keep rates low across the yield curve and support lending activity, and the back will continue its large-scale asset purchase program at a pace of at laast $5 billion of Canadian Dollar per week of governments to purhcase Canada govern'ment's bonds.
So, this is so bullish for CAD and bearish for USD, that is simple!!!
Updates for Bitcoin: Bearish Channel Rising Wedge Alert!!!In sca;ing timeframe 30 minutes, we see that Bitcoin has formed a Bearish Channel Rising Wedge, that pattern is continue of the microtrend, in that case is bearish. We continue in bearihs sentiment at this Bitcoin. Logically because there are a buyers hope to buy in this lower level in the exact zone of $9,000 USD. So, what mean this chartist patter?
That mean my frined is a sell off and there are a second opportunity to entry, I alreayd entry in sell at $9,219 USD and I'm in profit, so the moment is the entry in this to sell Bitcoin if you done entry in the higuer zone. So, in the next hours we needed to see a Bitcoin go back to the level of $9,000 USD. So guys, sell Bitcoin, and also, I add another 0.01 lots in Bitcoin to sell because my lots in Bitcoin to sell that I invest was of 0.06 BTC previosuly in sell + 0.01 lots add, So, I have 0.07 lots in sell of Bitcoin
Also, in H4 remember that we are in this bearish BAT with a large longer until the $9,000 USD. And also, as my collegue in my You Tube: The Moon say that as I say you that buyers are hope to buy Bitcoin at this zone as Bears makineg a down the price.
And to see so beautiful, we see in H1 timeframe the elliot wave analysis, we are in the elliot wave # 4 to later in the next hours to find down the elliot wave # 5 at $9,000 USD, if you want to large the target profit you can to do until the $8,950 USD,that is my zone that could reach Bitcoin in that yellow zone on Daily in demand. That strategy are about and absed for supply and demand, that is my strategies what for now I am making success.
Short LTCDetail provided on the chart.
Looks like a head and shoulders pattern emerging on the 1h time frame. If confirmed as a head and shoulders would be a good time to buy up on dip to 37.50-35.50 area with a tp of 48.50 and 52.50
