GOLD BullishGold has broken a flag for continuation to the upside. I would be looking for it to come lower to retest the demand zone and with new orders filled, see gold rocket to the upside
Wicks
GBPUSD Bullish resumeExpecting GU to move down to complete it's retracement leg based off of Daily timeframe.
Awaiting for the big Bullish breakout
Personally I will go with the flow in lower timeframes.
BTC 6-7k I am no expert. I do this ONLY for fun. Accept this with a “grain of salt
A long wick tested the price area of $6500. From what I understand, someone with “huge pockets” can only move a market in this fashion. Whoever it may be, is testing the demand level of $6500. When will it happen? I don’t know. Just a theory for now.
Also, if you are familiar with the concept of Elliot wave theory, we’ve completed a full cycle, so I’d imagine we’re still in correction. Just a theory for now.
Again, this is just speculation. As you can see previously, I been inaccurate in my previous assessments.
Goodluck
SillY SiL
Will Bitcoin Go Back to Ascending Channel as Whales Expect?-ukBitcoin (XBTUSD,BTCUSD) got strong support in a violent way, out of many people's exception. Whether it was manipulated by whales or not, a Demand Zone is out there: 9100 - 9500.
Signals:
Double Long Wicks in 1H
Blue in 4H Ribbon of "9 Seasons Rainbow Multi TimeFrames Pattern": which indicates strong support
Expectation for Later move:
66.6% The Support will push Bitcoin back to the Ascending Channel.
33.3% The Support will be broken down eventually, and Bitcoin will Drop below 9100.
Do you think this support is the will of some whales? Welcome to share your opinion here.
PM the author for a one-week free trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
just 4 fun let's see if we get the typical robotic flag aesthetics are what are left behind.
I made a slight adjustment to my fib bottom setting, aligning it up more with higher TF pivot resistance levels
disregard the yellow arrow on the bottom panel, it's not intended for this chart
lesson on wick candlesticks 5/30/2019Im just posting this for personal reference. Sometimes I have doubts when I look at wicks and I want to document the cases where things actually play out as I expect them to. I figured I would share with you all so you can correct me if I am wrong or add something you think I may have unintentionally left out. I am learning more each and every day. Soon I will be a master of the charts :)
Ethereum Channel Still Holds ETHUSDAfter bouncing off the bottom of its long term channel on 30 April and breaking above the resistance at 157, Ethereum has continued on to test the top of the same channel for the third time, reaching a new recent high of 207. While I am not looking to play ETH at the moment, this development must be analysed to assess future potential price entries and stay up to date with price movements.
To be quite frank, if we trend down to the lower bound of the channel again, I may look to open up a long, depending on other indicators and factors. Given the harsh rejection of those massive wicks in the past two daily candles, a retest of the lower bound of the channel is seemingly likely. Until then, I will be waiting on the sidelines..
If you managed to catch the bounce at the 150ish level, and took profit at the top (so obvious in hindsight) then hats off to you. We will see where the next week takes us. I would advise most people to stay in fiat for the time being as next week isn't looking like it will be very bullish at this stage.
Stay on your toes.
This is still not bullmarket for meWe need to break the big Weekly Wick candle and the RSI needs to break to the upside, if that doesnt happen prepare yourself for at least and maybe below 3k BTC. RSI looks like its at resistance similar to 2014. BTC moved in 7 weeks 700$ up that can be destroyed easily in 1 daily candle.
USDJPY Short Set upWeekly level respected
We have Emas crosing
Consolitading after a long bull run
Big rejection wick
Double Top forming
I think that if the price breaks the current trendline we should see the price falling till the next marked zone at least
GBPUSD facing rejectionLong wicks are indicating that GU is being rejected by the resistance level above the current price.
RSI shows a little divergency which is also valid to short the pair.
I'll personally target the 61.8 fib level, risking 50 Pips for a 160 pips reward.
EURUSD LONG WITH A TIGHT STOPThere is a upwards channel, and it can't seem to break the support, as the 4 wicks have touched the support.
A tight stop loss can be placed under the wicks.
EURJPY MarkUp UpdateFresh DZ (124.988-124.858) formed on the 1H. Looks as if price is heading in the direction of the zone that was spotted earlier. If so, I would look to go long if zone is "respected". However, if a breakthrough occur I would look for a reaction in price around the 124.720-124.707 region.
EUR/AUDIf we look at Monthly and Weekly timeframe we have a lot of rejection from 1.6200 (a big shooting star Weekly).
If we look daily we have 4 rejections from 1.60000 and 3 dojis and 1 spining top (clearly this means that Eur/Aud will drop)
What I'm looking in this trade is a retest of 1.5900 zone before going down, it's a good trade where the risk reward is 1:8
basically 174 pips. Our first obstacle is 1.58500 level, which I hope we can break and retest before going down.
So I'm very bearish in this pair this also includes GBP/AUD.
My target is 1.57285.
Daily rejections and dojis from 1.6000
GBPAUD MarkUpThis is my zones I have set for GBPAUD. I have them color coded so there will be no confusion since I utilize multiple time frames. I patiently wait for opportunities.
GBPAUD MarkUpThese are my zones I've spotted on GBPAUD. I have my zones color coded to not confuse them with the others since I utilize multiple time frames. I patiently wait for opportunities.
Candle lockOkay, so I think this is a good one, and obvious when you think about it. All of my lines, rays, and Fibonacci sets are always drawn from a candle open, close, high, or low. It would be WONDERFUL to have a setting that automatically sets these drawings to the nearest candle body or end of wick that I draw the line at. The spot that I click on the chart should quantize from there so I don't have to zoom in or look at exact prices and then adjust. This would save me a ton of time and 4prevent errors in my charting.
Hope you like it!
USDJPY 1ST AND SHORTTheory~
Dollar yen has ended 2018 with a Hail Marry to the down side, possibly signaling the momentum and direction for the 1st quarter of 2019.
1st play of the year, appears to be a deep pullback after hitting a major support and resistance zone. We could easily see price pullback and try to regain the 4000+ yardage lost in December, but with this pair remaining in a range for the last 5 years creating lower highs, would not be surprise to the see the big banks come in and drive price down, mean all the way down, as low as 100 handle.
Will be looking at the key areas below for entry opportunities on the Daily and 4hour. Specifically looking for double tops, triple tops or 1-3 wicking candles followed by a bearish directional candle:
1st level 108.90-108.62
2nd level 110.30
3rd level 111.70-111.40
30 period EMA = Daily- bearish, 4H- bearish,
Currency Heat Map USDJPY 1 month negative 3% from December 8 112.70 to now 108.51 = Bearish
Client Orders 62% traders are bullish and 38% are bearish = BIG BANKS Bearish
Overall as of Jan 7, 2018 11:35 Japan Time Bearish
Parabolic Acceleration / CapitulationAfter we hit target perfectly yesterday, I decided to extend my "bottom" theory a bit.
Yesterday was not violent enough, it was still tradable and simply didn´t feel like bottoming. So
I tried to figure out what would feel like a bottom? A very violent parabolic drop. I assume it´s possible
the last wave could be a wick and mark the end of the 2018 consolidation. Let´s see!
You will know it´s bottom if you can´t manually trade anymore.
BTC Update! Bulls trying but have my doubtsAlrighty. Hope all enjoyed the weekend!
Jumping off last chart BTC was at $5600 and I was watching to see if we beat $5645 or not. If not, it was just a lower high and that is what we go with $5610 before pulling back down to $5410. From there we saw some pretty tight ranges and then a brief pop earlier today with a push to $5665. This was a slight bullish sign initially in that the bulls finally beat the prior resistance but the candle is a strong reversal candle to me on the 4 hour with the long upper wick. Bears quickly knocked price back down with price hitting $5457. If this holds, good news for bulls short term as they'd get their lower high and now push again for a higher high and start changing this trend. Unfortunately, based on the candlestick we had at $5665, I am personally leaning bearish here. If bulls can hold $5410, I'd still have some optimism but if that fails, I'll expect bears to take over again and continue the trend down.
Still nothing on the charts to have myself personally interested as I need to see some higher lows and higher highs coming in for the bulls to be convinced they are changing the trend back in their direction.
Just My 2 Sats!
