GOLD CUP AND HANDLE PATTERN:- LONG OPPORTUNITYThe other day I posted a USD/CAD cup and handle pattern that we expect to push the pair upward and I thought I should just post this here to show you how the pattern works for those who do not know.
This GOLD with another opportunity to go upwards to the level of 1600 and this is based on the cup and handle pattern that created a strong opportunity bullish to the levels that Gold is trading at right now.
Check it out and enjoy your trading. Remember to use well thought out risk management strategies.
Traders
BTC Prediction:Dip is here, you cannot miss it(Confident)I know a lot of people are thinking that the market in 2017 is repeating itself in 2019. However, I do not think so in TA's view and also psychological's view. I have been advised my group members to take the chance of staking cause I am always one step ahead. Below is my explanation, enjoy.
Analysis:
Firstly, the support at Fib 0.618( I dont really like to use Fibonacci due to low accuracy) is retested 3 times in 2017 with a fall to Fib 0.382. However, the support at Fib 0.618 in 2019 has been retested 3 times with a consolidation. This is not only a TA to interpret but also psychological, the people are staking during the consolidation.
Secondly, RSI is to show the overbought and oversold signals. In 2017, it provides 2 signals of oversold with a breakdown of the redlines separately without any consolidation. While in 2019, it provides 2 signals of oversold when bitcoin tested Fib 0.382 before the consolidation. To explain further, the movement of RSI in 2017 and 2019 is different, you can see the movement of RSI in 2017 is all the way down and went up after the second attempt of retesting fib 0.382 was completed while the movement of RSI in 2019 has gone up after second attempt of retesting fib 0.382 was completed.
Thirdly, MACD is to show the strength of price movement. In 2017, it was moving all the way down because the buy momentum was decreasing as it was destined to make the second attempt to retest at Fib 0.382. However, in 2019 it has completed the second attempts so we can see the strength of price movement is stronger with a Higher Low. In fact, the consolidation of 2019 should have given you the idea of staking because MACD did make a breakout of the redlines.
Conclusion, I am confident that Bitcoin can hold above $9500 and the Dip is here. Behind every move, there is a reason. It will be too easy for us to profit if it is repeating the history, dont you think so? Speak out if you have any concern or question about this. All The Best and Happy Trading.
MATICBTC Bull BreaK?Hello Traders,
Today's Chart will be on MATICBTC
Points to consider here are,
- Bullish trend on the 4hr time frame
- Next Major resistance is at around the RED zone
- RSI on upwards momentum, putting in Higher High's
- Stochs looking into upwards momentum
- EMA's currently giving price resistance but looks weak
- Below average volume coming into Apex
Matic is approaching decision time after breaking major structure, putting in Higher Highs on the 4hr Timeframe. Volume is below average indicating that a move is approaching, if break bullish then price will be looking to retest next resistance. However this whole set up can be invalidated if BTC decides to dump at given time, so its important to have stop losses in place!
Please leave a comment on what you think is most probable
and remember,
“In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch
BTC/USD Putting in a Macro Lower High? Hello Traders,
Points to consider on today's chart BTC/USD
- Bullish trend over all but signs showing for reversal
- Current resistance at 0.618 Fibbonacci Zone
- Current support is at 0.5 Fibbonacci Zone
- Stoch on downwards momentum
- RSI on down trend hitting resistance
- EMA's and Volume currently Nuetral
BTC is still in a macro down trend, a move is imminent in the near future, lower highs and higher highs are coming to the apex, it is probable that BTC rejects from the .618 Fib Zone as its is in confluences with the macro resistant line, this is an ideal area to go short as resistance looks very strong... What are your thoughts ? please leave a comment
and remember,
It’s not what we do once in a while that shapes our lives. It’s what we do consistently -Anthony Robbins
#bitcoin - recent short on 6hGood morning,
after a very clear short opportunity (extremely overbought, stochastic broke down & evening star) just below the Yearly R1 Pivot the short is either been closed at this SMA100, also called SMA-Stop and got 10% (without leverage) profit, or for those who are still in and played this game against the trend, they should already have their stop about 3.5% in profit. Always remember the importance of going into bigger timeframes to not lose the overview of things happening, this is also essential for daytraders. Break-Levels are key! Together with monthly and yearly Pivots also major leadlines, it is very possible to make good trading plans without being constantly under heavy pressure.
*Always set stops. Dyor. No financial advice.
If you are interested in using the NeruSuite v5 (final), please contact me in Telegram @NerubicaC or here in TradingView via DM .
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NEO Cup and handle on 1-hour - looking for bounce
Looks like price is just about ready to break resistance. Could be nice risk reward trade. On a potential breakout, watch for potential double top.
Levels to watch
SL set to $16.50
Profit exit between 1.272 and 1.414 to let it correct (this is also $19.87-$20.25 range.
please like and follow so I can continue sharing. Thank you in advance =)
@volatilitywatch
Disclosure: This is not a note to buy or sell. Please do your homework before investing