edutradinguru

edutradinguru

Monero also is another good setup coin I identified today (beside being on my top 5 list). Accumulating some more here as it is trying to break an ascending triangle (ith base coinciding with POC area) to the upside. The real confirmation is at the break but I want to anticipate not to miss a potential train for waiting it 10% lower

edutradinguru

Time has come. Not many Alts are in a good shape, even if they did not lose dominance with recent drop in BTC, meaning that as I said in related ideas, there is not much to squeeze out of alt anymore. But simply many alts' setup are not good. Pointless to have a burden on coin that do not perform for a long time. Tezos is one that shows good setup. Notice the same...

edutradinguru

Cad suffered from oil correction recently, retesting the baseline of the descending triangle. It has a good RR (3.68)

edutradinguru

at breakout of 1.45 level (previous local high and cluster of volumes). Good setup on daily from Macd and Rsi. Downside momentum is dissipating TP1 1.50 (rr 3x) TP2 1.53 (rr 5x) SL 1.44 same as for eurusd holds (won't act until 14.30 unemployment results)

edutradinguru

Hello, it is few days I am waiting for a good signal to sell EURUSD. From a Fundamental macro view, USD is stronger than EUR despitesuffering from turmoils lately. I think it is a win win situation for USD since: 1-if global economy is bad, it is a safe asset 2- if it is good, spx will do better than other index so people will invest in $ From a TA point of...

edutradinguru

Hello, the price action is scammy these days (see also the linked idea). 5 wicks in 2 days to liquidate both shorts and longs (the first one occurred on Gemini only). This means a big move is in the air, just the market makers don't want you: 1- to know which direction 2- to profit from it even if you know the direction Because even if you are right, chances...

edutradinguru Updated 

Just to mention that in the past 2 days EURJPY broke two resistances/descending triangles, one holding since Sept of last year, the other from 2018. Another trade to monitor. As of now eur jpy is overbought on daily and witha bearish divergence on the 4h. Let's wait a better entry in terms of price but mostly in terms of successpossibilities. Entering now is...

edutradinguru

Hello, I don't know whether the market is continuing up or retrace soon, but already mentioned how entering the Spx now is dangerous as the reward is lower (ATH is at 3400) than the potential loss. I identified the POCs (price levels at which majority of trades occur), and I noticed that the overall global POC is at 2800 level: this is understandable as it is...

edutradinguru

Hello, just a quick share. As you see, the 2y resistence is much clearer in this chart than on any usual BTCUSD chart. The reason is that the price does not take into account the new bitcoin mined every day that add to the total supply. It is like owning a company stock that every day issues new shares: tha market cap always increases! This is the real chart to...

edutradinguru

Hello, This is the PUT CALL ratio at 0.52, saying that for every put there are 2 calls around. It is the lowest level since many years, meaning that 1- there is a lot of optimism in the market (usually followed by a drop) 2- investors want to ride this rally until it lasts, and for this goal it is better to have options that just the underlying. Of course the...

edutradinguru

Almost time to buy back Tezos. Great project, it is one of my top 5 SOLID coins excluding Bitcoin. I already talked about LITECOIN, CHAINLINK and ETHEREUM, TEZOS is the 4th one. Look how the pattern is recurrent compared to the beginning of 2020. The setup is ready to set a new ATH. (It is very correlated with LINK, so do not overload your PTF with both of them....

edutradinguru

Hello, the chart speaks by itself. We are incurring in a spike in volatility soon. It is the perfect moment for buying options, depending on your view (bullish or bearish). Take a look at the linked idea to understand how Options can protect you from liquidations and spikes while granting you leverage, You do not know what Options are or how to use them? Check my...

edutradinguru

Hello, I am watching alts now. Eth, after a nice rally, touched the upper part of a long term channel for the third time. I do not expect to breakit immediately, but what I expect does not matter. It is doomed to go up a lot. But the question we always have to make to ourselves is: is it going up more than BTC? Let's look for confirmations then. At current...

edutradinguru

Hello, we saw another attempt to break the 180bn BTC market cap that is a resistence since March 18. This is why I think this time we will break it BTC dominance is in line with the setup drawed months ago. We are witnessing a loss of dominance of BTC after a spike in the bear period: this consistent with a "bull run" where alt (some alts, good ones) outperform...

edutradinguru

Hello, already said I am bullish (see the linked idea), as the month of May and June seem to me as accumulation months (nervous and frenzy moves, but still accumulation at 9-10k levels) here my levels of attention for the short and long terms terms: Short term LONG targets (following days/weeks) - 11-12,000 range : extension areas are there and also the 5th leg...

edutradinguru

Hello, why I am bullish? Here the peultimate MACRO update on post halving for btc after: -pre-halving analysis (see the linked idea) -mining cost (see my last idea) -indicators analysis (the secret indicator idea). They are all linked by the way. Here just a recap of past halving: Quickly (but you can find details in the linked idea), the red and green...

edutradinguru

To sum up: It seems there is no reason for the price to go down (just analyzing mining costs) Hello, after having analyzed BTC from a chart point of view in the linked idea and said that it is bullish (despite the recent scammy price action, as we are above the retracement area (green), within all ascending channels and above the symmetrical triangle), let's see...

edutradinguru

Hello, everyone saw the scammy price actions of the 2nd of June. A big wick to liquidate shorts thinking that 10,000 could not be broken. Few hours later a wick to the downside tricking longs thinking that once above 10,000 the price could have not gone lower again. This is not even buyer vs sellers, this is few whales and exchanges against all the 99.9% of...