SQ double bottom?This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio.
But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup. What do you think I will do :wink:?
Traders
GBPUSD- BULLISH AND BEARISH SETUPGBPUSD
Orderflow- Bearish
- Price retracing for deep pullback to grab some internal liquidity structure with a Bull bias for short term BUY
- Market manipulation
Price left with imbalance in price disagreement with buyers this brings back the setup for the Bears to take charge of the market again
If you find my setup useful please do like and follow
USDWTI H4 - Long SetupUSDWTI H4
Something we were following last week, took a couple of short positions on this pair for 1R and 1.3R before being stopped at entry/profit.
We have now started to see an upside breakout of both S/R and trend sequence. A bit more of a convincing breakout and subsequent retest could offer us long entries.
Coti analysis by vicWe are still in a bearish phase because of the bearish spike btc made so bears might show faces on this and any REJECTION from the bull we will go down and vice versa
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Note➡️➡️➡️ People that says my analysis aren't correct yàa it might not be correct but as we all know No ONE IS Perfect when it comes to the market
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It's Not a trading Advice
Note always check out your own research before opening any position take note
Bitcoin crashed.!!!!! The bull Market support band should hold.Hello Traders,
It was quite a shock yesterday but you shouldn't have been worried if you are following my chart properly. As for those who are new trust me, believe me when i tell you something important that no one would. You don't have to fear anything. Don't get scared of this slight pullback. Look at the bright side you weren't fallen from $64k but just mere $52k with 20% correction. Absolutely normal. You could have easily recovered the profits if you had a backup money which you should always have regardless of the bull or bear run.
So now arises an important question. Where to from here?????????
Fundamental Analysis :
If history has been any indication then we are right on track and we must carry our journey forward. But you have to know its september. Crazy things must happen this month and we have got three major dates for you.
!. On 13th-14th september depending on your timezone we have CPI data coming. A very important if you must know. (April 15) A high CPI is good because crypto loves inflation
2. On 21st-22nd september we have annual meeting of FED's. Some say we might get an idea about taper from there. If taper happens this year then you cant stop this rocket from going to the moon
3. We also should mark those dates when options are expiring. One such is on september 21 and one on last week of september. Do keep that in mind.
Technical analysis :
1. Charts are looking bad tbh but we have good news. No new shorts right now.
2. Fear is back in the market which is good opportunity to fill your bags.
3. Now we must hold bull market support band around 42-43k if we don't then maybe bears smell blood and will attack right away. Even i will join their party XD
4. 42.5k, 36k, 35k 31k, some major resistance to watch out if we break to downside.
Or at the end we all are in a bull trap in the mercy of institutions, financial cartel, big banks, IMF etc
Till then do not trade. Just accumulate with no leverage
Happy trading my bears and bulls
Regards
Dante. An artist of crypto.!!!
It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9.
The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
#BTCUSDTPossible move of Bitcoin in the coming days.
The above analysis is a prediction and may be incorrect.
According to the above analysis, MA200 is breaking MA300, which you can see the price reaction between these two MAs
Also, the speed and power of price movement is predicted and drawn based on Price Action.
I hope you do not get fomo and invest with strategy and at more reasonable prices.
EURJPY forecast Price has broken support turned resistence. However, it formed below the resistence a hammer candle. The current becoming candle is most-likely to fill the hammer's wick till friday this week. So we need to have a bit patience and maybe we need to adjust our SL so we don't get into a bull trap.
GBPJPY H4 - Short SetupGBPJPY H4
Very similar chart to the EURJPY and USDWTI chart we have, clear and concise trading zones, with clear bearish direction. Evident lower highs and lower lows.
Trading zones seem to be responding well which is the first step. Measurable risk to reward too which is perfect. Already in EJ shorts, so this isn't something I'll explore, but good to see for pair comparative purposes.
NZDCAD H4 - Long SetupNZDCAD H4
Long setup indicated here, again another one carried forward from last week, looking to see if we double bottom from our interim support/resistance price. If we do, we have a solid 4.2R trade measured from our buy zone to take profit target.
We pushed just slightly shy of 2R on the latest bounce, but again, fresh week more volume. Lets see what we can capitalise on.