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DJI: Why it could go southIn this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture. In particular I look compare squeeze momentum and RSI patterns in both periods. There is always 'hope'. But hope doesn't rule against market crashes. This is one hypothesis - not a prediction. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
BTC: Makaveli🦍Trader & The Incoming Bear Strike(BullTrap April)Hello!😊, its me the Gorilla Trader again🦍...welcome to Makaveli & The Bitcoin Bears🐻Technical Analysis . Oh yes! you heard me right, I know everyone out here is preaching buy or long to 100k and all that, but you are not going to get that from this analysis so I don't expect everyone to agree or resonant with this analysis but if you do, please do give it a Thumb up. I do see from the current market that bulls have had quite a good run and even though No one knows when or how a long term bull market will last or end, Pullbacks and retest are all seen as normal in every market, a pull back on a lower timeframe will not even be noticed on a higher timeframe, but a higher timeframe pullback will look like a deep dive on lower timeframe. We don't see price running in parabolic move but when they do, they always lead to a retest of the beginning of the move before the trend continues, this made me decide that taking a ride with the bears won't be such a bad idea anyway , so I am going with the bears as Bitcoin is on a crossroad with a strong bull trap. But Mind you, this is a bull market cycle so we are still in a strong bull trend but.......There is a strong but here for me. What do you think will happen when the monthly chart finally take a pause and pulls back? take a look at this beautiful chart I see a bear revenge candle incoming on the monthly chart, just one bearish candle on the monthly will change so many things but the trend will remain bullish because This is a bull market cycle meaning that after the pullback the upward move continues, this pullback because its on a monthly candle can push BTC to meet 40k and 20k if the sell up continues like I see it coming. April seem like the month this could potential begin, and here is why I think so..I do see a more possibility of breakdown than up, the 60k to 62k resistance is a tough one, and has potentials of falling the bulls hand big time here. For bulls to make it to 68k, 60k to 62k resistance has to be won over but I don't see that happening soon. I see a strong Bear strike coming in April(this is not a financial advice please do your diligent research) This is a monthly and weekly chart analysis. Thanks for reading.
by MachiavelliTrader
5
EURUSD: PerspectivesI don't know which way EURUSD is going - as my analysis are time frame dependent and trend-dependent. Plus my crystal ball was broken many years ago, beyond repair! :)) In this screencast, I've reviewed from Weekly down to 15 min time frames. I'm in too much doubt. When in that state of mind, I'm happy to stay out and be left behind to miss loadsah equity or profit. Recently for example I bailed out of a long position on Oil - and thankfully I did so. If my probability estimates in my own mind ain't right, I'll stay out or get out of any trading setup. I don't do coulda-woulda-shouldah. :))
by Captain_Walker
2