EURUSD 4HR, Trendlines, SnR, Trading Plan and ''W'' PatternThis is based on 4hrs. The details have been mentioned inside the chart.
Wpattern
BITCOIN bullish, 2 confirmations on the RSI and the W pattern Hi traders,
As we look at bitcoin it is in an bullish pattern. On the RSI indicator we see an ascending triangle.
What I think that is going to happen is that bitcoin will pull back and retest and then going to hh or will rise now.
I am not responsible for your decisions.
SemftTrading
EURJPY: go short for 133 pips (3.7 RR)Indications that suggest a move to the downside within the next few days:
- A completed liquidity run above last week's high, with subsequent bearish institutional candles
- Completed W formations that have reached reversal zones of fib confluences
- A liquidity void to the downside that needs to be covered
- Gann based time/price projection
BTC chart for 1/5/21 @13:20 EST showing possible trend linesupdating this mornings chart
you can see we broke out of the bearish head and shoulders and now breaking the bullish W pattern line. if we close a 1h above the purple line and your impatient you can get in here with a small bet and add margin if we break the white line ATH.
we had decent volume breaking out the head and shoulders and we need to continue to see good volume to maintain upward pressure.
keep SL's tight . rather take some profit then no profit.
***im not a professional...ultimately your on your own****
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BTC chart for 1/5/21 @ 11am EST showing possible trend linestodays chart is showing breakout of the long term pendant to the upside. however we are struggling to pass the head and shoulders neckline.. keep in mind this head and shoulders is also within a larger W pattern. a break of the W neck line will be bullish signal.
always wait for larger than average volume to provide confirmation that there is buying/selling pressure in the direction your looking to go.
if we break the red line id very bearish and probably see a 27K again and maybe even as low as 23K.
if we break the purple line we can see 36K followed by 46K and 53K as per the FIB's
tip of the day..."the trend is your friend til the end" -mmcrypto
***im not a professional...i do this so you dont have too :P****
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BTC chart for 1/3/21 @ 23:35 EST showing possible trend linessame chart as before as you can see the trends are holding nicely and it seems we may have a W pattern forming. i will be looking for at least hourly candle close above the neck line to feel bullish. if confirmed with volume you can get in there or wait for a retest of the neck line with a bounce off with large volume for confirmation.
let me know what you guys think.
***not a professional. just sharing my thoughts for those who want it.****
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peace ..
EURJPY outlookMonthly look at previous posted EJ chart. This chart shows the overall outlook of EJ for the coming months starting next year.
CHFJPY possible long tradeFollowing along with a nice W pattern that may be a possible long position.
$KNC/USDT 1h (Binance Fut.) Channel breakout & Bullflag forming#KyberNetwork is looking ready for bullish continuation here since 100EMA & 200MA are acting as support!
Current Price= 0.91284
Buy Entry= 0.91150 - 0.90150
Take Profit= 0.93530 | 0.96045 | 0.99758
Stop Loss= 0.87770
Risk/Reward= 1:1 | 1:1.87 | 1:3.16
Expected Profit= +9.54% | +17.85% | +30.15%
Possible Loss= -9.54%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 120h
AMD forming "W"AMD holds its recent strong support 73-74 areas, bounce back from there and moving uptrend. MACD also pointing bullish. Once it clear 88 its should go to 94 about 13% up from current price. Stoploss could be 79.25
GBPUSD DAY/MONTHLY When reviewing the pair on the monthly the stronger trend is a sell. The buyer have been pushing price up. When looking at the monthly you will see a W pattern created. If the buyers are able to break the monthly down trend and create a Lightening bolt pattern it will be a nice trade to hold onto long term.
USDCAD LongsAs you can see price made a W pattern with retest where gives as a good entry to go in longs with a nice RR. Also price made a reverse H&Sh where gives us a second confirmation for price to go higher to retest the broke zone at 1.3250.
What I am expecting?
I think price can come to trendline to make a 3 touch as a confirmation to go much higher. It wouldn't be bad to go in buys from now.
