EOS-USDT possible pitchfork channelHello traders and investors!! 😄👋
I am looking to follow the light pink path and stay in this channel, but it is important to consider more scenarios. There is always the possibility that BTC suddenly crashes and makes this channel invalid, where we would then see EOS fall, possibly to even ~$5.
If we don't follow the latter, I am looking for possible entry at ~8.8 where our dashed yellow support line/50 fib retracement is located. If we fall below the dashed yellow support line, I am looking for next entry at around ~7.9 which would be the bottom of this channel. That being said, I would wait for confirmation that this is a valid channel, and that we do not break out of it before thinking of placing a buy order.
-As long as BTC can maintain in this zone of 54-57k or higher, EOS is a safe cryptocurrency to invest in.
-EOS hit an ATH back in 2018 of 23 dollars.
-EOS is a fast transaction blockchain network compared to many others out there.
Remember, wait until EOS is done correcting.👌
🛑🛑 This is not financial advice🛑🛑
Always keep a stop 🛑🤚💲 loss, and enter trades safely with proper precautions.
Jazerbay ☯
Traders
USDCAD BUY Hi All,
We should look to open our long position on this pair from 1.23100 -1.23000.
As we await Fed it would be a good opportunity to start gearing up for this forecast.
As you can see we have a descending triangle which means we have a trend reversal coming.
SL and entry Marked .
Comments and Like welcome.
Many Thanks
DXY H4 - Neutral BiasDXY H4
Simply waiting for a breakout of this trading range, 90,900 to 91,300 ish. Quite a significant S/R zone, seemingly bottoming out from the previous bearish H4 trend from the start of April until present date.
Hopefully, a break of this range will help indicate direction for these USD*** and ***USD pairs going forward for a few swings next week.
Crypto market capI see the trend of the market ascendent for now, but as you see it breaks down from the channel so ganna falls forwards to Support lines. IF the market keeps growing up it's good for both BTC and alt traders. Holders have just to hold. bad and good fundas are important on these days.
EURJPY H4 - Long Trade SetupEURJPY H4
Based on last weeks resistance we saw a downside gap here on EJ followed by bearish continuations pulling us all the way down to our 129.800 support price.
Since, we have seen some sizeable wicks, interested to see where this H4 closes in 10 minutes. Possible second opportunity from support back up to resistance.
ETH, Ethereum - I'll open a position only in this caseIf the price starts to squeeze, it will be a great breakout pattern. I see an entry point only after retesting of level. I am cautious because it is possible to fall to 1840.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
REEDUSDTFor me, head and shoulders is a good sign I see REEF ascendant. good to hold.
"Like and comment if you did like the post"
DOT/USDT lot of mess for a simple double top😆Hello traders and investors😄,
Had a little fun with this one. Sorry for the mess, but it is meant to be simple :
DOT USDT breaking out to hit a double-top, then reach a new highest high either now, or after reconsolidation.
~entry now, (38.0)
~exit 42.0 (watch for a new high is possible though)
~stop loss 36.9, 36.5, 35.5, 34.0
This is just an estimation, a chart of possibilities. Please trade at your own risk!
Jazerbay 💕
LTC: The Calm before the StormLTC is now trading around a very critical level. Thus, a Long position can be easily spotted for several reasons:
1. Fibonacci Retracement: Price is around 61.8% which is a very important level acting like a support here.
2. Formation of Pattern: A double bottom could be formed in the next few hours and it is clear that if the price rejects the 61.8% it means that a DD has formed on the hourly timeframes.
3. Cryptocurrency Influence: Cryptocurrencies and especially BTC and ETH are far from the selling idea, adding more confirmation into traders minds that cryptos are never to be sold.
Will it bounce back as the speculations are for the other cryptocurrencies ? Time will tell.
Trade Safe and Best of Luck !
MacroForex
LONG POSITIONThe Bank of England (BoE) is scheduled to announce its monetary policy decision at 12:00 GMT this Thursday. The UK central bank is widely anticipated to keep the key rate steady at 0.1% and maintain the size of its Asset Purchase Facility at £895 billion. The only thing that the market will care about is the BoE's assessment of the current state of the economy and the recent volatility in bond markets.
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The most famous market participantsWhat do you think of my list? Someone I forgot you'd like to add?
Isn't it interesting what these lists are made of?
Investors ===> Every single one wise & patient.
Speculators ===> Every single one genius level IQ.
Day & Swing traders ===> Literally all village idiots & trolls 🤡.
Brokers ===> Every famous broker is a crook!
One may want to draw conclusions from this...
EGLDUSDT
EGLDUSDT since forming a inverted head and shoulders and breaking out of this falling wedge pattern market is now nicely forming a new uptrend and has recently provided us with a nice correction to the new trendline and daily support giving us a good entry point at a confluence of support, we are waiting for market on the 4hr to show more rejection and form a new higher high then on the retest we can long.
CHFJPY H1 - Long Trade SetupCHFJPY H1
The pair we were watching closely yesterday, caught a great close on that yesterday before seeing rejections, hopefully we see something like this unfold, very much what we saw yesterday with CADJPY.
Eastern corrections following by EUR/LON continued bulls, same goes for EURJPY. CHFJPY isn't correlated like those other pairs so much because of risk holdings, but something to note no doubt, YEN is NOT performing well.
True story. My Single put option "2 contract" both down/SPX downWhen i did my idea about the completion of an Elliott wave structure with 5th wave
1.61 Fibs of wave one i decided that i would buy small 2 SPY single Put contracts just
satisfy my "bias" and my "emotion" toward my Elliott wave count as a worthy trading strategy.
So i bought April 16 2021 + March 31 2021 just before the last price action we
got in the past 5 days or so . A prefect timing to say the least to test the market
and a perfect timing to buy single Put to say the least. Even though i new stimulus
is coming soon and this could be another buy the dip pullback but i did it any way
regardless of the huge risk if i actually have invested allot of money or bought allot of contracts.
Therefore, when we got the recent pullback i opened my account and guess what i saw.
Both of my "Single Put contracts" are down 41 % % 49 % and that's was at the bottom
around 3800. Just imagine the situation the market is in ,SPX is down around 3 % and you hold
single puts you bought just at the top, and at the very bottom your down more than 40%. Well
the only thing i concluded from this "test the market" kind of style trading is at 3800sh
i came to the conclusion way before the move of spx higher that this is "Buy the dip"
pullback, because there is no way that we are correcting and my puts will go down in value
instead going up in value and big investors regardless of their different kinds did not buy
insurance what so ever for any possible correction. The only thing i should've down is to buy
single Calls to see if they have increased in value or no, i guess the should've increased in value
if this was buy the dip pullback because the new where the market is going. I have never tested
this strategy before, but from my understanding that some big investors use it with single stocks
not with SPY like me or ETFs for that matter before they decide to hold big chunk of it. I hope you
can take a way something beneficial to you trading strategies or you have learned little something from my
live example of a true story of mine. Wish you all the best.
My Idea on ASX:HUM in one single chartI have been monitoring this stock but at the moment I can say that it is was only humming but looking at the chart and on the well known structure (Cup-and-handle), I can say that this stock is about to scream instead of humming. i will keep an eye on it. The only issue it is not hype like other BNPL but it is catching up slowly. we may see a big move in next few days.
According to my other indicators, it is a buy on low time frame swing trading but, if the Cup-and-Handle plays out, it may be another multibagger on my watchlist.
I will keep you posted if anything interesting pops up. If you like these TA, please smash the likes.
Peace and Love.
XTF