ElyaStein

ElyaStein

XRPUSD is at a major weekly support level, if you look on the daily it will be easier to see. I was waiting for the market to break out of its Daily consolidation and today it did with Volume supporting the move, this could be the start of the next big rally.

ElyaStein

on the weekly CADJPY is making lower lows and lower highs, now the market has pulled back creating a new lower high at a downTrend Line leaving a wick behind at a Supply zone, the market has still room to go till it hits its major support level. Now on the daily you can see much clearly the Supply level and the market has created a Bearish Candlestick Formation...

ElyaStein

I took profit on GBPCAD long after spotting that the daily has formed a resistance level. Im going to wait for the market to break and close above before entering again, or if the market falls back to support I will wait and look for signs to get in at support, in the mean time im watching the market to see what its going to do next.

ElyaStein

The question that everyone is asking is where is Bitcoin going from here... if you look back at my previous post on Bitcoin you will see that the market did exactly what we anticipated that it will do, and now BTCUSD is trying to find its place where to make the next move. So What Is It That We Should Wait For. I believe from this point on it will be very...

ElyaStein Updated 

GBPUSD bounced at a weekly support making the direction bullish. Now as you can see on the 4 hour chart the market broke out of the double top with a increase in volume, confirming the break out is probably a true breakout, (don't forget nothing in the market is a 100% we are looking at what is the percentages we have) the breakout occurred on thursday night, I...

ElyaStein Updated 

The DJI broke out of its little consolidation I assume we will probably see a Bullish Move to at least around 2700,

ElyaStein

GBPCAD is bouncing off at a major weekly support level. The Daily Time Frame has formed a Bullish Crown Formation, with the right tip equaling the left tip to the exact level, if the day today closes with a green Bar and a healthy Volume it can be a good entry point to ride it up to the next support to become future resistance on the daily ( see marked green...

ElyaStein Updated 

Bitcoin has finally hit the support level making it the 3rd hit at that same support level which makes it a very strong level for either buyers to buy or for sellers to sell if it breaks down. Your job now is to apply your patience and wait for the right signal the to tell where its going instead of you trying to tell the market where it should go. if its going...

ElyaStein

As described on the previous idea Bitcoin has hitted a strong support level. Here is a example what it would of been a great entry. On the 1 hour TF the market had given us a Bullish Engulfing candlestick formation with a increase in volume and after that the market went up. Alway wait for the right entry. Here it was: 1) Bullish Candlestick Formation 2)...

ElyaStein

At the same time that Bitcoin just hitted a huge support lever XRPUSD is also at a triple bottom support level, we might see XRP recover quite a bit after confirming that its actually going to go up, dont just jump in lets wait for the confirmation. Check out my previous post on bitcoin where I described in full length how to look for the confirmation. Be Patient...

ElyaStein Updated 

USD/CAD Weekly and Daily time frame broke out from its long term channel and making lower lows and lower highs, we already have a pull back after the breakout, you can spread your down fibonacci to get a clearer picture of the lower lows and lower highs, if you spread your fibs on the Daily you will notice that we have a 0.618 pull back with a counter trend line...

ElyaStein

AUDNZD is moving up nicely so far with in its new created channel, I believe this is still going higher and there is still money to be made here if you play it right. Buying low at the bottom of the channel can be a good idea if it holds, I have taking profits at the top of the channel and Im looking to reenter at the bottom, if it shows me a buy signal, one of...

ElyaStein

Support & resistance is really something that works in all financial markets, it's worth studying how to determine the proper way to finding and drawing it to be able to find the best trades possible available in any given time. I use support & Resistance to find direction, (you can find it on any time frame), The way this works is you connect highs and lows, as...

ElyaStein Updated 

As we have seen Bitcoin reacted to the resistance and started to come back down. The question now is to where is it going, where can we start looking for the next buy opportunity. Let's map it out a little so we know what to wait for, Thechnichly the market has just hit a missed target which means the market is free to go up now, but in the other hand we are...

ElyaStein

If you take a look at the weekly TF you will see that its at its lowest support zone which makes it a very strong case to start moving up, also if you take a look at the other Forex AUD pairs you will see that they are all poised for a bull run. as you can see here that the daily had given us great confirmation for the bull move providing us a shooting star...

ElyaStein

AUDNZD has a great chance to pop up much higher after confirmation of this 3 simple steps that the market is showing us right now. 1) Breakout of the Daily Channel 2) Bullish Candlestick formation 3) Strong Volume Bar (indicates more buying interest) with that said the market is communicating with us telling us that he is getting ready to break up higher,...

ElyaStein

We have a interesting setup here on AUDNZD, what we have here is the daily came down to a previous support with a Double bottom, so now we know that we have to be looking only now for bullish reasons to buy unless its breaking down the support, if you take a look you can see that the market provided us with a nice bullish candlestick formation breaking out of the...

ElyaStein

As you can see Bitcoin has hit a resistance Line with 2 previous touches, be careful what you doing, don't let your FOMO control your trades, this has now a high probability chance to come down first before the next move up, let the chart tell you what it's going to do and let's not try to tell the the chart what to do because it won't listen to us and won't care...