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Déjà Vu of 2021's Bearish Shift? 📉📉📉The Eerie Resemblance: If you've been in the crypto game for a while, you might be experiencing déjà vu. In 2021, Bitcoin was riding high before it underwent a profound transformation from a bullish to a bearish trend. What followed was a period of intense volatility and uncertainty. 🐻 The Bearish Divergence: One of the key signals of concern is the emergence of a notable bearish divergence. This phenomenon occurs when an asset's price makes higher highs while an oscillator, like the Relative Strength Index (RSI), forms lower highs. It suggests weakening buying momentum and is often a precursor to a trend reversal. 📊 What Lies Ahead: While history doesn't always repeat itself, it can offer valuable lessons. The current market sentiment, combined with the bearish divergence, is a reminder of the importance of caution in crypto investing. 🚦 Trading Strategy: Risk Management: Protect your capital by setting stop-loss orders and defining clear risk tolerance levels. Diversification: Consider diversifying your portfolio to spread risk across different assets. Stay Informed: Keep a close watch on market news and developments that could influence Bitcoin's price. Conclusion: The crypto market is inherently volatile, and it can shift rapidly. While the current situation may appear similar to 2021, it's essential to approach it with an open mind and a well-thought-out strategy. Remember, trading and investing in cryptocurrencies carry risks, but they also offer opportunities. Stay vigilant, stay informed, and adapt to the evolving market conditions. 🌟 The future remains uncertain, but it's our ability to navigate the unknown that sets us apart as crypto enthusiasts. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
1
Contrasting Trends, Caution AdvisedIt is crucial to have a good grasp of how to interpret the market before making any trades. Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend. To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317. The buy zone lies between 1.2313 to 1.2689, with a weaker bullish movement on the weekly chart. Remember to always conduct your own analysis and avoid blindly following others. If you're interested in learning more, feel free to chat with me.
by RaynLim
EURUSD Trade Recap 11th August 2023Breakeven taken on EURUSD last Friday, very happy with the management. Full explanation in the recap. 🧠Emotional Log --- **Pre-Trade** I understand all the confluences within my thesis, I accept this risk as I know if it is a loss I clearly understand exactly why I took to the trade. My stop is protected and if price takes me out there is a chance it is forming something else anyway. Do not be greedy, but also do not hesitate. These are the trades I must allow myself to take. **During Trade** My stop is protected, allow price to do its thing. My entry is valid, and I understand structure over candlesticks. I utilised the timeframes as best I could, working from the 1H structure filtering down to the 15M without jumping in. Do not choke the trade, mini 90% rule is in play so let price do its thing. **Post-Trade** I understand that price created a mini scoop for a much sharper entry, however, how can we guarantee this will always happen. My entry was valid, and stop was protected, I understood the 90% rule kicking in and managed risk accordingly to price action on the 1H. Nothing more I could have done in this situation and capital was protected.
by JordanWillson
USDJPY Trade Recap 19th July 2023How am I feeling pre-trade? I am feeling confident in my mind, I forecasted the risk entry and not allowed little things to put me off the trade. Normally I would be saying things like ‘its gone past the hook’, ‘there needs to be a nice retrace or pin bar’ but ultimately it has all of the ingredients to sell. Ascending channel, meets AT hook with a 1H retrace candle. I am happy I did not allow these past issues to overcome my decision, this is also helping with my entry criteria and structure over candlesticks.
by JordanWillson
EURAUD I Short opportunity explained 150 + pipsWelcome back! Let me know your thoughts in the comments! ** EURAUD 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!
Short
by BKTradingAcademy
4
XAUUSD 2023 YEARLY STRUCTURE OHLC [SELL SETUP🚨🚨 🚨]Please support this idea with LIKE if you find it useful. XAUUSD 2023 YEARLY STRUCTURE OHLC Bearish divergence starting from 01 July, 2020 to current market Price in the monthly time frame. Structure for this year is marked in red vertical line (January). Price opened high with April breaking above the open. Currently have price consolidating below the sell zone 2017.870. A strong resistance is also in place 2080.140. Waiting for a TDI cross to confirm the presence of sellers in market . Kindly target the yearly open 1931.722 as first Target after TDI crosses in the monthly time frame. Also find more entries in the lower time frame after this cross. Second take profit will be half of the “railroad tracks” at the open 1871.650 Trade with Caution. Wait for valid entries. Please support this idea with LIKE if you find it useful. P A T I E N C E + D I S C I P L I N E
OANDA:XAUUSDShort
by PeanutButter
1
GOLD set for another climb!Instrument : GOLD Possible direction : Bullish Technical Analysis : Price has opened with a large gap and formed a shooting start int he direction of the major trend. Price already grabbed liquidity from the gap and my continue to rise as the major trend is up. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDLong
by ForexWizard01
1