My update this evening on BTC. As mentioned in my linked post below, i mentioned price action would likely pull back to test this fib level and at present we are sitting pretty much right on it. I'm actually expecting price action to break a little lower. Possibly th $8200-$8400 area before we start to see price move up a bit. Give a like and leave a...
My opinion on XRP this afternoon... as the title mentions, I believe there is side downside potential, as I'm not seeing anything that says "to the mood", at least not yet. My expectation is we'll retest the lower .886 month fib (blackline on chart). And when price does start moving the .75 level is the first target area and then $1.00. If you enjoyed,...
Short video with my opinion on BTC. I'll be watching for a slight downside into a fib level, which should hold as support and for price to move back higher. I also, go over a little about supply and demand and layout a general concept of it. Anyway, i hope you enjoyed... give a like and leave a comment with your thoughts.
Quick follow up video to explain my thoughts on taking a short at 1.23919, which i'm currently sitting at about 120 pips in profit. Looking for this to be a very long term trade, so we'll see how it plays out. SL has been moved to just below entry. Just going to sit and what to see how it plays out.
Taking a look at the charts this morning, Price is being held below a daily supply zone, I have identified on my charts. Entry - @ 1.82824 SL @ 1.83278 (45.4pips) TP @ 1.80878 (194.6 pips) RR - 4.29 Be watching to see how price plays out.
I do believe we are going to see some more upside here over the next week or so, but believe we are going to see a slight pull back and then higher price action. The red and blue areas indicate the path of BTC, I believe will play out. Price action painted a sharp move up and out (RALLY) of a weekly/daily demand zone. Then ranged (BASE) for about a day just...
I'm short GBP/CAD; I tried to do a video like 5 times and it's not posting, so as soon, as i'm able to do one, I'll highlight why i went short. Specifics Short @ 1.83532 SL @ 1.85688 TP @ 1.66430 This is the video for this trade setup.
This is the follow on video to the post i just made that explains why I went short on GBP/CAD. My manual post is linked below and is the post, I will likely update as this trade plays out. Give me a like and leave a comment with your thoughts. Thanks
Quick update on XRP... Like most other crypto's we've seen a nice bounce in the past day or so, but still need confirmation that momentum is turning to the upside in my opinion. Still believe we might see a dip down depending on how current resistance holds.
Short video to follow on yesterdays. In my opinion, price action has painted a new higher low on the daily. I'll be watching for a trend line break to the upside, but still have lower zone identified for action in case price action break back lower. I hope you enjoyed, give a like and leave me a comment with your thoughts.
Rolling through my FX charts and jumped up to the monthly and noticed something, I thought worth posting. I'm not a cup and handle expert, but kind of looks we are testing the top side of the handle. Possible return return to the highs from 2002?? Would like to get some feed back on this... obviously it would take some time to play out!!
I thought I would do a quick video and give a bare bones overview of the basic concept of supply and demand. Personally, I've stopped using indicators other than a few moving averages and simply started to look for supply and demand zones and a few bullish and bearish candle patterns. oh... and i'm a fan of using trendline breaks and measured moves. Anyway,...
I've started to watch GBP/USD a little more closely now, as price action is starting to close in on a mid 2016 supply zone that has not been touched since that time. Personally, i don't use a bunch of indicators on my charts, i just plot out what i believe to be strong supply and demand zones and simply wait for price to get there. Once there, I'll simply look...
So here is my daily update on LTC with my top down analysis on what I think it happening. I've identified two zones that I'm going to be watching for price action to move to, so that i may move forward when my plans for entering the market again (well add to my holdings). I hope you enjoyed the video, give a like and leave a comment with your thoughts.
Sunday afternoon update video. From my last video we see price action has moved down to test the monthly .886 fib retracement, which i had expected. The question as always is where will price being heading next. While we are getting a little bounce at the moment, i do think more downside is likely. Price will likely follow along with BTC for the time being....
Quick video and only one I'll be posting tonight and likely for the weekend. Anyway, my top down analysis of XRP and general opinion on price action. I am a long term holder for XRP, but do see more downside possible in the pair. Especially, if we see BTC start moving up. I believe we'll see a breakdown to the lower level demand zone from the daily!. Be...
Follow on to my last GNT video update and since then, price action has pulled ito the buy zone I was expecting to see price hit. All in all for me this is a great spot to add GNT to the hold. At the same time, while not text book, I'm seeing a double bottom play out and along term... i'm calling $.70 as the first target. I hope you enjoyed the video, if so...
Short video update on NEO. As I mentioned in the linked video below, price action has pulled back and just entered my targeted buy zone. This is not advice to place any trades, but i believe this area is a good spot to pick up a few if you like NEO. I do think a little more downside can happen and i explain that in the video. Hope you enjoyed, give a...