This is a very simple and clean btc/usd long term view. We don't need fancy charts, multiple screens or 1000000s of indicators chucked on the screen. From my experience in trading btc is extremely volatile but is extremely 'loyal' to its support/resistance zone. Look at the plotted zones, price reacts perfectly. I see one more pullback before launch...why would...
What's the longest you have waited for a trade to play out? I have waited ages for this to fulfill itself and we are almost their. The chart and analysis is so clean that it doesn't need much of an explanation...25000 is a big s/r zone many think we have already tapped the zone and we are ready to carry on the continuation to the downside or what we see now is...
had some nice trades this week. Looking at this one for next week. we are retesting a trend line of a broken wedge, this also looks like it could become a double top and it's also on a resistance zone. when we also switch to the daily... 70.200 is the 61 fib line which is also acting as resistance and the yen is also looking strong so we have plenty of confluences...
In relation to my previous trade, ignoring the double top and using price action, s/r and candle movements to predict this...let me know your ideas, don't forgot to follow.
Check out my previous oil analysis I still favor big drops again to $8-3 a barrel, we are starting to gain structure again which makes it a lot easier to plot. Institutions set markets up I don't believe we will see this double top...I think we will go to the high $19 region possibly a push into $20 before cruising back down to the $10 region. I am short from 19.88
If its not touching that red line then I don't want the sell, far to early to sell for me yet, rather miss a trade and watch in unfold to my analysis than jump in early with a whack entry increasing risk. lots of people liking and commenting, check out my recent oil idea and give us a follow!
In reference to my previous analysis gold is still a long up to 1800. us30 and us50 is getting ready for a big dump which should pump gold. We have this nice counter trend line providing resistance and forming a wedge which we have broken out from and retested...I am not currently long but to me they are valid all the way up to 1800 where I look to be taking shorts.
To many confluences to not short this at 3000. 61 fib lines up perfectly with the 3k mark...it would make a nice structure to carry on with the down trend and we have a bug resistance zone. please give a like and follow
This is my take on GBP/USD big short and then longs for a change in market structure...there is little hidden gem in this about head and shoulders for you all. Doesn't need much of a description as it's all in the video. Like and Follow for more content...aud/cad and sp500 to follow soon.
I was right about the flop from $20 to sub $10 so lets go for 2 out of 2. If you are saying oil is easy to plot and chart right now then your are full of rubbish. We have a huge gap to fill and we all know that gaps get filled. I don't see 0 again but I do see very low. I have plotted a supporting trendline to what I SEE as true...many will disagree. Fibs...
People are calling the short for gold already. 1800 is where I believe we will end up soon and that's where I will take my shorts from if we get there. Drawing an accurate and true trend line is something which I find difficult as there are some many opinions. Wick to wick, wick to body, body to wick and so on. I believe in what ever fits best, this is why I do...
So last week I did a very short evaluation of DJI. I have done another evaluation this morning and taken my time and I still believe we will see that final push towards to 25'. The analysis is fairly straight forward. We have our fib, trendlines and ema. I have left the plotted zones out just to keep the chart looking tidy. The fib is looking to complete...
My previous short hit stop loss. im going in again after this break and retest!
Scary times for oil, I was in favor for a turn around and thought 10$ a barrel was ludicrous but after looking at the monthly with my analysis it's looking incredibly favorable?!. When coming to the oil chart I was actually hoping to find a long opportunity lol. Take a look at that bottom trend line...we have had a perfect bounce and break bellow. not only just...
DOW is looking tasty...I have had shorts set from two weeks ago for the 25000 area. Trumps tweets are helping with this little run upwards. It could go to 27000 but I don't think it will. I will hold shorts all the way down to 15000 where I have longs set!. The analysis on this very fairly simple to follow. Good s/r zones, rising wedge, poor economy and weak...
Nah just kidding I'm not a moon boy nor am I negative about XRP. I do hold it because there is real potential and its ultimate goal is fairly simple and it is also useful...which some major banks and organisations are patterned with ripple. It amazes me that other cryptos out there are trading a lot higher than XRP that don't actually hold much value or their goal...
To me this is a nice short. We have some nice structure forming on this pair. many confluences which indicate short me, my favorite being the 61 fib rejection! ;) Good r:r I will happily take losses when the r:r is so good :)