BTC/USDT 15m Time for a cool off? Trying to Keep a sensible approach during crazy times, I see 2 possible bullish setups:
- A wick down into bullish OB plus a breakout of the diagonal resistance is a strong setup.
- 2nd option is the same further down.
If BTC continues to climb I'd like to see the bearish OB flipped with a convincing flip from resistance to support.
A full week of non stop climbing does need a correction to be healthy and punish late longs with a leverage flush.
Supportandresistace
Not a crash timeHello traders!
According to my analysis what I see is that traders are thinking that a crash will happen now but I don't think so.
The market is ready to rise from here.
After July 24th, 2020 market started to form a pattern and I started a trendline from the dip which was formed after the first breakout.
After the breakout of the trendline market moved down to break the second point of the trendline. The market was aiming for this only and now the job is done and the market will move up from here.
This rise can touch 14800 and we will see a real crash from there.
Don't forget to hit the like button and follow to stay connected.
How much fake you want ~ BTCHello traders!
This post is all about the fakeness of BTC.
From start to end you will only find fake moves. We can't trust anyone in this world. Just kidding.
If you look from start to end you will find many fake trendline breakouts, and many fake triangle patterns, you will find all types of triangle patterns failed more than it suppose to win. There are many more patterns like Elliot waves, Harmonic, HH Hl, and LL LH patterns that failed more than it supposed to win. You will find your indicator failed tons of times. Support and resistance failed to hold more than it was supposed to hold.
Losing is part of the trading but losing money is not a joke.
Is it the market that plays with us or is it ourselves who are playing with our minds?
Because a triangle pattern is just an illusion, Indicators are also an illusion to satisfy our fake thoughts, maybe. Just like that Elliott waves and harmonics can also be illusions. Because we saw more times it failed than succeed.
Is there any way to succeed more than failure, is there a way to predict everything perfectly. Maybe or maybe not and the best way to find out is to ignore the traditional patterns, and traditional indicators and figure out something new and ask for help from that who have already counted the times you will breathe from your day of birth till the day of death.
Well, I was waiting for BTC to pump/dump and it's in a stressful situation. So I thought I should post something different. Good luck for your future trades.
Thanks for all your support and likes.
USD/CAD: Technical Analysis Looking at this chart the USD/CAD is showing a possible short term uptrend after spending consecutive days on a downtrend from the 50% Fibonacci level. As of now it is finding support around the 78.6% level and is bound to bounce from this. This bounce of the support is confirmed from the two moving averages moving in a manner where they are going to intersect, once this intersection occurs it can validate a strong uptrend in the coming future.