Tommy_Trader

Tommy_Trader

#Crack #Bitcoin #Binance #Daily - Bitcoin is accompanied by a strong uptrend, breaking through the sky blue resistance line, and reaching 48k. - However, Bitcoin is strongly resisted by the upper line of the orange rising channel near 48k, and it can be seen that RSI and RACD are also located at considerable highs. - If the resistance of the upper line of the...

Tommy_Trader

#Crack #Ethereum #Binance #4hour - Ethereum is emerging with a strong upward trend. - Although a strong uptrend is currently in progress, it has reached the long-term resistance of ‘$3,377.89'. - The ‘$3,377.89' resistance is an inflection line made during August-October 21, and since it is a line that showed strong resistance during a long downtrend, it is...

Tommy_Trader

#EURUSD #FX #4H #Tommy - Here’s EURUSD 4hr chart and I have made an assumption that the bearish wave starting from around 1.23470 is an impulsive wave cycle in Elliott wave perspective. - It’s currently testing bottom of the orange ascending triangle with top located around 1.11240 and this very wave structure also can be expressed with an orange upward parallel...

Tommy_Trader

#Crack #Bitcoin #Binance #4hour - In the last briefing, I mentioned the importance of support for $40,774, and a strong rebound has emerged after the successful support of $40,774. - With a strong uptrend, it broke through the $42,300 resistance and flattened the $42,594 high, but it failed to maintain the uptrend and appears to be under pressure again. - In...

Tommy_Trader Updated 

Hello traders. This is Tommy. Today, I prepared the most basic and at the same time essential materials that every trader should know. Trading is literally the act of exchanging or trading something with a certain value. If we look at the history, we humans have always traded something within the social community from the Neolithic Age to develop into a better...

Tommy_Trader

#crack #bitcoin #binance #4 hour - After the last briefing, an attempt was made to break through the orange long-term uptrend channel center line, which appears to be an important resistance line, but it failed to support and the pressure appeared again. - As you can see from the light blue trend line, the possibility of further convergence should be kept in...

Tommy_Trader

#crack #bitcoin #binance #4 hour - After the upward break of the white short-term downtrend line, the retest of the trend line was completed, but the orange long-term uptrend channel's center line and the long-term and short-term Fibonacci retracement level resistance overlapped the $41,386-$41,433 resistance. - In the short term, the light blue arrow may open...

Tommy_Trader

#crack #bitcoin #binance #4 hour - Since the last briefing, a sideways trend has been taking place between $38,595 and $39,770, and after that, the short-term uptrend line and support at $38,595 failed, showing a sell-off. - The dark gray long-term Fibonacci level of 0.13 level, $37,607, appears to be receiving short-term support, but it is unclear to be sure...

Tommy_Trader

#crack #bitcoin #binance #4 hour - The basic support/resistance section is the same as in the previous briefing. - The support of $40,774-$41,386, mentioned as an important support section in the previous briefing, failed, and a strong selling trend appeared. - After two strong negative peaks, an attempt was made to rebound, but it failed to rebound while...

Tommy_Trader

#crack #bitcoin #binance #4 hour - A strong rebound emerged while raising the low, breaking through the center line of the orange medium-term uptrend channel. - Currently, BTC is resisting from the lower part of VP in February, showing the possibility of short-term pressurization. - If the pressurization appears, the support of the $41,386-$40,774 section,...

Tommy_Trader

#Bitcoin #4 hour #Binance #Tommy - 4 hours of Bitcoin. BTC broke the blue downtrend channel upwards on 3/1, but BTC re-entered the channel again without showing any retest support at the top. - Since then, BTC is moving towards lower highs and lower lows with resistance from the black inward trend line. In the case of a break above this intrinsic trend line, I...

Tommy_Trader

#Crack #Bitcoin #Binance #4hour - The downtrend is strong enough that the rebound at the end of February is insignificant. - Currently, BTC is confirming the support of the Volume Profile section that was created during the uptrend at the end of February. - In the big picture, it rebounded by raising the low without renewing the low of $32,917, but in the last...

Tommy_Trader

Here are some of the supports/resistances and trading setups I am considering. EURUSD: EURJPY: USDCAD: EURGBP:

Tommy_Trader

#EURGBP #4HR #FXCM - FX likes parallel channels very much these days. I am waiting EUR/GBP to break the top of blue falling wedge which I find it very steep. - The area that caused a sharp bounce today is the confluence zone where yellow channel and bottom of the wedge overlap. - If we see another swing low, I am expecting to enter long position at the support...

Tommy_Trader

#BTCUSD #Bitstamp #Weekly #Log #EW - Hello traders from all over the world! It’s been a while since we’ve looked deep into the possible scenarios of Bitcoin in long-term EW perspective. The uploaded images are BTC weekly log scaled chart. Personally, I believe that spotting market trend and price actions utilizing Elliott wave theory is not that significant. So...

Tommy_Trader

#EURGBP #Daily #Europound #FOREX #Tommy - The market has been quite tough for many commodities recently due to the effects of the global economy. - The FX market is not exceptional and it has never been this brutal. Nevertheless, who should we blame as a trader? It’s not the whales or other stakeholders in the market. It should be ourselves since trading is a...

Tommy_Trader

#CHFJPY #FOREX #4H - Here is CHFJPY 4H chart. I have drawn a short entry area with a green box. - It has been entered already and a decent amount of rejection was shown. It would have been better if I posted before position was entered. - Anyway I think these short trading setups drawn on the chart has fine RR Ratios.

Tommy_Trader

#BTCUSDT #Binance #Daily #Midterm - What a sharp drop! Bitcoin was rejected thoroughly at 52K zone which is around bottom of the major orderblock formed around early May 2021. - I have addressed this very resistance gathering technical factors such as numerous upward trendlines, top of the parallel channels, and projection/expansion/retracement levels of the wave...