Structure
BTC Long-Term Outlook/Analysis + Life GoalsI've charted this since last year, maybe since May, idk.
It shows two possible directions depending on what structure breaks.
Well, it broke Market Structure towards the upside, and has been following the price path that I laid out almost to a T/tee/tea(whatever).
So yeah. It just might follow it, or it might not and just straight up dumps on the higher timeframe, but that's unlikely?
Like, what could cause a worldwide massive sell off that would plummet the BTC price?
Well, of course, if the people and organizations that hold the massive BTC wallets would just randomly sell off their holdings. That would crash BTC.
But why would they do that?
So, in the end, my point is, if you think about it...
The dollar and current worldwide economy is crashing... so where do they turn to?
Bitcoin.
Not gold, not USD, but Bitcoin.
I think gold is also a "stablecoin", something you can rely on to hold value.
I think, going forward, I would like to keep accumulating bitcoin and gold, when I have the money to accumulate.
My goal in my financial life would be, to keep accumulating cash daily(through business, work, and trading), and keep DCA'ing into Bitcoin and Gold regardless of the market.
AUDUSD – LONGThe bullish momentum confirmed with ChoCH on D1. Liquidity was grabbed at the IDM level. Opportunity to buy on a false breakout of the Gann line. The target is the next Supply Zone.
AUDUSD – LONG
ENTRY PRICE - 0.66720
SL - 0.65900
TP - 0.69820
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
USDJPY uptrend scalp to higher highThe daily closed bullish but with some buy exhaustion which led me to believe that there still some bullish momentum but not much. The 1H made a clear higher high and decided to hold at its lows but created some bullish reversal signals on top of support. The moving avergae plays as support as well. Upon the breach of a 30min correction trendline. I believe price is on its way back to test its high or create a new one. Afterall, this is an overall uptrend.
Market Structure + Orderblock + Fibonacci Retracement = FailedMarket Structure + Orderblock + Fibonacci Retracement = Failed
Here's why:
Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant.
Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob).
It was just a right trade at the wrong level.
Virgin Galactic - SPCE outlook showing signs of strengthLooking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50.
On the run up it rejected the 6.50 price and came back mid day to the 4.50 level. The Fixed range volume profile showed from 4.04 to 6.50 on the initial the point of control was shifted to 6.50 where most volume was traded at the top. It showed a new level of support based on the visible range volume profile after it was rejected in the 4.81 - 4.63 range which to me was a buy zone. Even if it drops a little bit im okay with the risk to reward ratio with calls out to July 7th.
I wanted to get in it but I wasn't going to buy in at the top. The visible range volume profile showed me that most the volume came from these price levels. The fixed So I took the trade and look for a momentum run up in anticipation of the commercial flight between june 27th and june 30th.
The blue horizontal lines represent my take profit levels with the first retesting the 6.50 level. If price moves agressive I'm looking for it to close gaps from the prior months. The closer to launch date I can see it running up because people don't want to miss the run and a lot of buying pressure should be coming in up to these dates. Not to mention there's another flight shortly after in July I believe if there are no delays.
We will see how this plays out. My calls don't expire until July 7th after the first flight if there are no delays.
Thanks for taking the time out to read this.
Trade responsible,
Jay
#TradeTheWave
GOLD I Prediction and trading plan 📊Welcome back! Let me know your thoughts in the comments!
** GOLD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Institutional Demand: EUR/AUD LongHi trader!
Lovely momentum on CPI today, with price-action starting to chop a bit, but ending up with clean moves! Of course, I try to share as much charts as possible, but that's not really doable here on TradingView...
However, I found the time to share a few this week, and now EUR/AUD is added to that list!
I really like how price is shaping up within our beautiful demand area, I'll be waiting for the 4hour time-frame to close nicely, and take this hybrid trade when it met all my criteria!
Kind regards,
Max Nieveld
Institutional Supply: AUD/JPY ShortHappy monday!
Just finished my weekly live webinar and now it's time to share some of the charts with you here! One of them is AUD/JPY, very similar to the previous ideas I've shared last week on TradingView.
AUD/JPY is getting a bit over-extended, but more importantly AUD/JPY is moving to a very nice supply zone for me! When price reaches this area, we'll be patiently waiting for clear 4hour confirmation to take this one lower with our fixed 1:3 risk to reward strategy.
Kind regards,
Max Nieveld
Institutional Supply: AUD/USD ShortHappy Friday,
Look - the next pair on my watch list is definitely AUD/USD, now that the DXY is showing some weakness, this one is flying towards our key area of supply. A beautiful area to look at for a nice push lower for the AUD pairs.
I'll be waiting until the zone is hit, and my alerts trigger. From that point, it is just watching the 4hour chart for me to confirm my higher time-frame bias and look for a nice 1:3 play lower. If it starts falling, of course scale-in opportunities are next for those that understand my type of trading.
Kind regards,
Max Nieveld
USDJPY ceases to create lower lowsAfter an indecision pullback to retest a 4H bullish engulfing, I took a long position based on the higher high and retest of the 30MIN. I'm taking long positions based on the 23.6 retracement of the daily chart. I expect for price to continue to make higher highs as I believe this uptrend is still strong.
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area.
Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
Buying Ethereum once moreEthereum is on its journey of creating many higher highs along with bullish reversal candlesticks to initiate the move. The Daily has retraced to a key level on the daily chart. This is our first signal to go long. A morning star on top of structure and support. The 4H chart will inform us on whether price is still retracing bearish or if its time to get in long NOW.
EURAUD I Approaching daily structure and strong demandWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!