TheTradeBorough

TheTradeBorough

BTC has been ranging since last Friday and therefore the price action has been very tight but one candle has given us a clue about the possible next direction. This has been highlighted by the red arrow. This 2H candle is a bearish engulfing candle, which as a single candle is bearish. Since that candle was printed, the price has currently retraced into that...

TheTradeBorough

This posts presents an idea that has no precedence (that I can recall at least), so this is by definition a crazy idea BUT the chart is showing signs of extreme exhaustion and is possibly and quite frankly on the verge of a potentially destructive collapse. If the recent severe volatility hasn't peaked your attention... this chart should. It's quite simple...we...

TheTradeBorough Updated 

Whenever you have a breakout, for the breakout to be confirmed, it needs to be retested. This is a basic technical analysis concept. We broke out from the 2024 ATH of $74k but it has not been retested yet. After topping at $108k and hitting a near horizontal $109k, Bitcoin has quietly completed a Double Top pattern on the weekly chart which is extremely...

TheTradeBorough Updated 

As you can see, The Nasdaq has made two near equal peaks around the 22100 area. Although the Weekly candles of the first and second week of February were bullish, it coincided with two weeks of declining volume, usually meaning momentum exhaustion. On the 18th February the Nasdaq printed a strong ‘no body’ red doji on the daily TF. This is an indecision candle...

TheTradeBorough Updated 

The massive rally Alibaba has experienced has enabled it to close a significant 3M selling fair value gap from 2021. Interestingly, the price of around $140 is around equal highs January 22 ‘s12M candle. This looks like a double top…..on the 12M!!!! Now, I will point out that we HAVE NO CONFIRMATION at this point that this is a 12M double top at all. But...

TheTradeBorough

This chart is simply ultra bullish. This idea attempts to highlight a bullish pattern, within an ultra bullish pattern. The first pattern is an Inverted Head and Shoulders pattern which has formed over 16 years! In Oct 23, US30Y breached the 16 year Year High and since then we have created a double bottom (the second pattern) on the 3M chart at near equal lows...

TheTradeBorough

I hadn't looked at the NASDAQ:NVDA chart for months until today and I simply can't unsee this. NVDA appears to be in the final stages of a Weekly Double Top pattern. You can clearly see two near equal highs from November 24 and January 25. After the neck of the Double Top was breached, the price attempted to reach a new high but failed. The failed high was...

TheTradeBorough

So....I noticed something very odd about the Ethereum chart a couple of weeks ago. I've compared it other to a few other crypto's but I could only see it on Ethereum. A basic technical analysis concept is the breakout and retest. For an asset to keeping pumping, you need of breakout over a new high, eventually come back to the breakout price and then strongly...

TheTradeBorough Updated 

It appears that Bitcoin is setting up for a powerful, parabolic rally. We are anticipating a slide to the $50k support area, then a strong bullish run to $100k.

TheTradeBorough Updated 

NASDAQ:QQQ appears to have retested a Monthly resistance at 449, and we're now expecting a violent bearish move to towards our target of 413. Our Stop Loss, Entry and Target levels are on the chart. What do you think?

TheTradeBorough Updated 

After months of bouncing up and down, the EU50 is under severe bearish pressure and it appears that the pressure will continue next week until we hit the Weekly support price area around 4382. As price consolidated for such a long time, the force of the trend seems to be correlating. Stop Loss and Take Profit suggestions are labelled on the chart. What do you think?

TheTradeBorough Updated 

The first week of April gave us some big swings in both directions. Our view is that all of the fair value gaps were filled down to17900. The 18000 area has been a massive demand zone for the last month or so. Following Friday’s rally 1.71%, we see continued bullish momentum to 18400.