I expect Gold to drop lower and take out sell-side liquidity after taking out the buy-side ❌. This setup would fail if the price goes above 1965. ⚠️ Not a financial advice.
I'm thinking about this short idea for ETH. I'll be looking for entry setups on the lower timeframe for bigger R/ Rs and more confirmation. But this is already a solid swing trade on the daily. I'll be taking profits at each TP and close the position at $2100. (Of course, if I'm right ;) ) * I'm not your financial advisor and this is not a signal, DYOR *
I have this setup in my watchlist. It doesn't seem to me that the market has reached the final capitulation and maximum fear phase yet. Of course, I will look for lower timeframe confirmations and setups for entry and better R/R. * Not a financial advice *
BTC is currently approaching a potential demand zone and I will be looking for long setups in the marked area (on the lower timeframes). My stop loss would be below the low and I will target January's high ($48k).
I will be looking for reversal patterns on the lower timeframe, in the entry zone shown on the charts. My targets are also demonstrated. My stop loss will be a valid bearish breakout of the 28800 level. This area has a massive Risk/Reward ratio and market sentiment can't be worse. I'm happy to buy the blood. Let's see what happens. Thanks for your attention ;)
We’ve been in an uptrend lately, and I will be looking for buys in the LTF if the price reaches the order block.
This is what I think about Bitcoin in the short-term. I still think another bearish leg is possible, which could be the last shake-out. There are two possible short entries for me in these kinds of patterns, one at the breakout and the other at the top. I think another high is more probable, which will make retail traders super bullish thinking the bullrun has...
The chart is pretty clear I guess. The price is very close to one of the most important resistance areas which is May's high. RSI bearish divergence is also pretty obvious. A pullback to the broken trendline and the 50-48K support is expected. This may be the last shake-out before ATH. SEC is rumored to approve the Bitcoin ETF in the near future, so I don't...
It seems like Bitcoin price is forming a cup and handle pattern. The handle was in a pretty bullish flag and we've broken out of it. This pattern was pretty reliable in the Altcoins before ATH and correction. Thanks for your attention;)
I think the bearish trend weakness is obvious, especially with the descending structure forming on the previous major low. I'll be looking for further confirmation in the lower time frame for a long entry. Thanks for your attention ;)
I hope the chart is clear. The pullback area coincides well with the Fibonacci golden zone. But, everything depends on the type of price action we see at the red zone. This is the only bearish scenario I see on the chart and it's highly dependent on the FOMC meeting on September 22. Powell mentioning possible tapering before the end of the year, might just be...
I'll be looking for one of these two setups if the fed doesn't begin tapering until the end of 2021. Next week's FOMC meeting will be critical, so stay tuned! Thanks for your attention ;)
I think everything is clear on the chart. I expect EURJPY to eventually breakout of the larger descending channel, and if the pattern I've shown on the chart forms, I'll definitely get long. Thanks for your attention ;)
EURUSD has been in a strong uptrend after the Covid crash of March 2020. However, the price action has been corrective in the past few months, and it's logical for it to be so because we're approaching a very significant resistance level which is the 2018 high. Also, the speculations over the Fed's intentions for tapering have been an important factor which...
I think we're going to get another bullish impulse, even a breakout from 50k resistance. Thanks for you attention ;)
As you can witness, we may have a typical impulse-correction-impulse pattern. I'm eying 44k area as my first target. Thanks for your attention ;)
We had a nice short squeeze, now it's time for a healthy correction so that the buyers come in again for the descending channel breakout and an impulse to the 45k area. Thanks for your attention ;)
I expect a final bullish leg to the 2018 top area. Possible entry after descending pattern breakout and confirmation. I am also eyeing DXY and EURUSD: Thanks for your attention ;)