Bitcoin Heading Sideways and Down!Bitcoin is again proving how volatile and unpredictable the cryptocurrency
market can be. The start of 2021 was bullish, then after a 55% decline from
April to June 2021 price rose to create another new all-time high at $69,000
in November 2021. Since then, another decline has developed, seeing a dro
of 51% so far.
What we can see now is a consolidation zone forming. When price consolidates,
the behaviour can be unpredictable as there is no clear trend direction, just a
lot of sideways movement.
The high is at $69,000 and the low is at $28,600 formed from the June 2021 low.
Within this zone, price is displaying weakness and heading towards the low support zone.
Sideways movement in the market can last from months to years and there is no
way of telling how long they will last. The primary confirmation that they are over
is when price breaks and closes above the consolidation high or below the low.
It is best to stand aside from the cryptocurrency market for now until a trend starts
to form again. Right now, the conditions are too volatile.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Trendfollowing
EURUSD - STILL bearish My last 2 ideas on EURUSD have been bearish, and while the structure of the bearish continuation pattern continues to shift, my sentiment remains. We are still in a larger downtrend, price is struggling to gain traction to the upside, the recent strength that many were touting as the breakout indicating the start of a bullish trend has floundered.
Price has returned to what is, in my eyes, the lower channel boundary of a bear flag. At this point though I need to see not just a break below this boundary but a break below the late November low - that is the point at which I will feel confident that price will have broken it's ranging/consolidation period and is set to continue the trend down. As it stands, while my directional bias remains, I don't want to underestimate how long this ranging period could last.
Remember, you can be right about the direction, but if your timing is wrong then the trade is wrong.
My posts are largely ideas, the concepts behind trades. If I'm making a trade, it will contain the Stop Loss and Take Profit levels on the chart.
Stocks Weak At The Start Of 2022The markets are displaying weakness which usually kicks in during the month of February
but came early this year. We started to see declines from early January but for now,
the overall market remains bullish.
The Nasdaq and the Dow Jones broke and closed below the daily 200 simple moving
average on January 20th. The S&P lagged behind and closed below the daily 200 simple
moving average on January 21st. With all three US indices now below this indicator,
we need to keep a close eye on the markets.
The ideal scenario is for a quick reversal back above the 200 simple moving average
and a continuation of the bull trend.
If we see further moves to the downside, all is not lost as we may be offered shorting
opportunities in weak stocks, but we need to be patient before jumping into any
positions for now.
This week will be crucial in determining our next move so keep on the lookout for
updates on the market.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
BTCUSDT Don't be a hero!If you enjoy the idea please leave a like 👍
In my last 2 posts on BTC I've shown a strong bearish bias, as seen in the charts below. First with an idea of bearish continuation of the developing trend and then more recently with the Head and Shoulders idea, looking for a break of the neckline which we've recently seen with a sharp break down of the market, dragging the entire crypto market with it.
So now that we've seen a huge drop, where do we expect to go from here?
In the H+S idea I listed 30k as a potential target, and I still believe that's reasonable. As the trend continues the risk/reward begins to shift and a relief rally may be coming soon, but it may be short lived.
As the title says - don't be a hero! We saw the peak price on the 10th November, and when we zoom out we see a steady decline since. For those looking to go long, what are the odds that you pick the exact bottom here?
If you want to be long, I can understand using this as an opportunity to DCA in, or waiting for a rally on shorter timeframes to try and catch a small leg up. But don't enter this market thinking you're going to catch a perfect bottom - it's highly unlikely, and especially if you're using leverage you will likely get burned.
Trust the trend. If you're late to the party, there's still further room to run. If you'd rather wait for a pullback before going short there's a decent chance we could see the 38-40k range again in the coming days, but make no mistake - Crypto is in a bear market right now.
ETH - Come On Bulls!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETH is overall bullish from a long-term perspective trading inside the brown rising channel.
ETH is now approaching the lower brown trendline so we will be looking for buy setups.
Before we buy, we want the bulls to take over by breaking above the previous major high.
on DAILY: ETH is forming a trendline in gray but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ETH would be overall bearish from a medium-term perspective and can still trade lower till the 2000.0 support in green before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS - Let's Go!Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish trading inside the brown channel.
KCS is now approaching the lower brown trendline and 15.0 horizontal support in green, so we will be looking for buy setups.
Before buy, we want the bulls to take over by breaking above the previous major high.
on DAILY: KCS is forming a trendline in blue but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated , KCS would be overall bearish from a medium-term perspective and can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
600 points in 5 hours - how?In this short video - 3 minutes - I show how small time frames can be useful if following a trend to best completion.
Trend following - the true kind - can deliver far more - than any other system of trading. It depends on your knowledge and skill of course.
The video shows 'you' could have extracted close to 600 points in one go.
Of course you have to be watching a screen or react to alerts that you set on Tradingview charts.
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.
DAX: Head and Shoulders pictureIt looks like a head and shoulders to me on the 4H time frame, but always debatable.
Sentiment changed on this index many days ago, as seen in the 4H ATR line (on this time frame only).
This short setup is for true trend followers (not trend continuation). That means it is much higher risk to much higher reward ratios.
There are stop losses in trend following, but no predefined exit points. The markets decide the exit.
As usual you take your own risk and your own losses.
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.
UPDATE: NEO profit 50% after SHORT signal - more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price dropped 50% after Short signal. Currently sitting in a support zone If support doesn't hold, 20.50 USDT is next support. Price is below Ichimoku cloud and RSI is still bearish. Another drop is definitely possible.
This analysis is made with my "Supertrend Ninja" indicator. When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. A red background indicates a possible bearish downtrend. Currently NEO is still in a downtrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: LRC profit 53% after SHORT signal - more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price dropped 53% after Short signal. Currently sitting on support 1.20 USDT. If support doesn't hold, 0.90 USDT is next support. Price is below Ichimoku cloud and RSI is still bearish. Another drop is definitely possible. But right now support is holding.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently LRC is still in a downtrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Will Crude Oil Break $85?Crude oil is seeing bullish momentum in price following the pullback we saw between
October & December 2021. Price pulled back to the weekly 50 simple moving average
where it found support and has seen a nice impulsive move up this month.
Since the low that was formed in April 2020, where the price of oil temporarily
reached $0, there has been an uptrend in play, forming higher highs and high lows.
Despite the pullback in December being the deepest during the recent trend, it still
managed to avoid breaching the previous low formed in August 2021. This is another
sign we are seeing a bullish trend in play.
We are now anticipating a breakout of the recent high at $85, and if this level is
broken, we could see price reach the $100 round number.
As for now, we need to let price dictate the next move.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
FTSE 100 Approaching All-Time HighThe FTSE 100 has been gaining ground recently, with a 2.95% move for January 2022 alone.
December was up 4.62%, so there is clear momentum right now.
This brings a nice change from the sideways movement we had between May - October 2021.
Following the all-time high created on May 2018 at 7903, price declined, gaining momentum
during the peak covid pandemic in February and March 2020.
A low was formed at 4898, with an overall decline of 37%. Since then price has climbed 54%,
with over 300 points to go before it reaches the all-time high.
We can expect to see a good number of stocks showing signs of bullishness now that the FTSE
is looking strong again and these stocks will be presented in our weekly newsletter.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
UPDATE:ADA UP 30% after 4h bull signal - Scalper Analysis 🚀Please Like or Follow if you enjoyed this content.
UPDATE: The price jumped 30% after bull signal. ADA broke resistance at 1.50. Now aiming for 1.60 USDT. Price is above Ichimoku cloud and RSI is bullish as well.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently ADA is in an uptrend. Remember you don't need to buy the bottom. You just need to ride a big part of the uptrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: ROSE UP 65% after 4h bull signal - Scalper Analysis 🚀Please Like or Follow if you enjoyed this content.
UPDATE: The price jumped 65% after bull signal. ROSE broke resistance at 0.45. Now aiming for 0.64 USDT. Break it and pump to 0.85 USDT is next stop. Price is above Ichimoku cloud and RSI is bullish as well.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently ROSE is in an uptrend. Remember you don't need to buy the bottom. You just need to ride a big part of the uptrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: FTM UP 31% after 4h bull signal - Scalper Analysislease Like or Follow if you enjoyed this content.
UPDATE: The price jumped 31% after bull signal. FTM broke resistance at 2.45. Touching 3.15 USDT. Price is above Ichimoku cloud. Which is bullish.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently FTM is in an uptrend. Remember you don't need to buy the bottom. You just need to ride a big part of the uptrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: POND UP 19% after 4h bull signal - Scalper AnalysisPlease Like or Follow if you enjoyed this content.
UPDATE: The price jumped 19% after bullish signal. POND broke resistance at 0.057. Now moving slowly to 0.066 USDT. RSI is in the bullish zone. Here is where the magic happens.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently POND is in an uptrend. Remember you don't need to buy the bottom. You just need to ride a big part of the uptrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: DOT UP 12+% after 4h bull signal - Scalper AnalysisPlease Like or Follow if you enjoyed this content.
UPDATE: The price jumped 12+% after bullish signal. DOT broke resistance at 25.70. Now moving slowly to 28 USDT. Afterwards 30 USDT is next target. Price is currently consolidating under a resistance block. RSI looks prepared for another leg up. Breaking 70 is where the magic happens.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently DOT is in an uptrend. Remember you don't need to buy the bottom. You just need to ride a big part of the uptrend. "The Crypto market is a device to transfer money from the impatient to the patient.”
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: DOGE UP 33% after 4h bull signal - Scalper AnalysisPlease Like or Follow if you enjoyed this content.
UPDATE: The price jumped 33% after bullish signal. DOGE broke resistance at 0.1613. Now moving slowly to 0.22 USDT. Price is currently consolidating under a resistance block. Which is usually a bullish sign. RSI is slowing moving towards 70. Breaking 70 is where the magic happens. Who needs Elon tweets to make gains?
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently DOGE is in an uptrend. Remember you don't need to buy the bottom. You just need to ride a big part of the uptrend. "The Crypto market is a device to transfer money from the impatient to the patient.”
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
#GBPJPY more than 300 pip profit will be in th way FX:GBPJPY
i think this is best chance to runing a big down move in gbp jpy , im in this trade with 0.75 of my equity i
if in h1 create a new down trend , i will put again into this trade in the correction of h1 trend and i will gain more than 8:1
#gbpjpy #trendfollowing #structure #daytrading #forex
Bitcoin Same Price One Year LaterWill Bitcoin finally hold from declining any further? Only time will tell, but this level
has held strong before so let’s see what happens next.
A high was formed in January 2021 at $42,000 but the following month price surged
past this level. From then on we have seen a sideways market.
This level was then used as support in September 2021 before we saw a bounce and
price go on top create another new all-time high briefly.
Price has since declined from the all-time high of $69,000 and come down to the
January 2021 support zone.
So far this week we are seeing a bounce and we may well start to see another
bullish move. The $50,000 round number does stand in the way but with enough
momentum, this level can be broken again.
A surge in the price in Bitcoin should see the rest of the cryptocurrency market
form strong bullish moves as well.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
S&P New Year's DeclineIt’s the start of the year, and already, the markets are displaying a bit of
turbulence to shake off the dumb money investors.
This is merely a pullback for now, and there are clear signs to confirm this.
We can see that the S&P has been using the 20 and 50 simple moving averages
as support since the breakout in November 2021.
At times when price moved lower than the 50 simple moving average, it didn't
take too long before it resumed the bullish trend.
On January 4th 2022, price started to decline from a height of $4818 and pulled
back to the 50 simple moving average, and did move below this indicator but
didn’t close too far from it, forming a reversal candle.
This was our indication that a pullback was in play unless we continue to see
further weakness. So what we want to see now is a move towards the current
all-time high at $4818 and then a break and close above this level.
We continue to look for bullish stocks as the overall market still looks strong.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.