Truegoattrading
A video is worth 12,000 PIPS.I know I said 12 hundred pips at the end of video but it is 12,000.
Also be mindful that US30 likes to really push and spike so maybe wait for a nice little spike for your entry. Rather then being 2000 pips in draw-down.
Gold Rush Hour The chart is pretty much self-explanatory. A small pattern for a retracement to create the right (inverted) shoulder pushing the price right back up to 1558 breaking the last week's high reaching the next zone @ 1562. Enjoy and happy Pippin'!
USDCAD - 0 To 100 Real QuickLet's work our way down the big time frame. Everything is color-coded as follows.
montly = red
weekly = orange
daily = yellow
4hr = green
1hr = blue
Looking at the monthly you can see we have a nice broken trend line that was never retested, same line in confluence with the 61.8% fib retracement level. This is where I see the price going and therefore my target price.
Looking at the weekly zone you can see some nice order blocks along that nice weekly demand zone around the 1.3050 level rejecting the price right back up.
Now, another time frame down to the daily and you can see it broke the weekly support however it is still pretty much irrelevant as it has not fully broken, closed under, and retested that weekly zone on the weekly timeframe. The second reason is our entry point which I will explain between the 1hr and 4hr time frames. But you can clearly see the doji and shooting star where the price closed last, signaling a possible drop which is exactly why I believe a stop hunt down maybe possible especially Sunday after the market opens. However, knowing the overall direction of the price for the next week or two, I know that anything signaling sell would be type fakeout to me.
On the 4hr you can see price held, and formed a nice inverted head and shoulder pattern and started going up already making that retracement to our target. Price broke the neckline and is currently retesting the neckline at the market close.
Finally... between the 1hr and 30min you can see that the neckline retest is actually another inverted head and shoulder pattern retesting its own neckline.
I don't usually trade Sundays due to typical fakeouts and stop hunts, however, I feel very confident buying this after the market opens this upcoming Sunday.
BitCoin Ride or DieAs you can see on the weekly time frame, BTC had a nice fall since the beginning of the year but it looks like we can see some exhaustion.
At the bottom of the downtrend on weekly you can see we have a bullyish engulfing candle signaling a possible buy. Where is the last major broken support that hasn't been retested? 5700-6100.
Go down 1 frame to the Daily. Looks like a possible inverted head & shoulders finally forming, I've been expecting it around this level.
How do I know this pattern will most likely form? Look at the 'daily' bullish engulfing signaling a buy on the image above, and now work your way down to the 4hr and you can see it is yet another "possible" inverted head & shoulders pattern forming.
Naked Trading & Confluence 101.
You can't win against price action.
clean markup, clear patterns, common sense.
Personal Opinion: If you ask me, I know that BTC/Crypto Era is nowhere near over yet! It truly is the future. This is only the beginning, nothing can go up forever and it has finally started creating some real structure.
Thanks for Viewing, SHARE SHARE SHARE! Don't let your friends go broke shorting Cryptos!!!! Love you all and Happy New Year!!!
Thanks for Viewing, SHARE SHARE SHARE! Don't let your friends go broke shorting Cryptos!!!! Love you all and Happy New Year!!!
