randyspringle

randyspringle

Studying BTCUSD charts and demo trading over the weekend. Nice flag/countertrend pattern with Fibonacci and market structure confluence and moving average cross. Looking to see Bitcoin hit 9309 price levels. Top down analysis with 3-4 confluence/confirmations.

randyspringle

Nice Setup before gold spiked. Looking for gold to reach the previous 1737.660 level. Been studying gold for a bit so I am starting to get the hang of how it moves. Moving average cross with 38.2 Fibonacci retracements in confluence with previous market structure. 3-4 Confluence/Confirmations when looking for decent setups!

randyspringle

I don't normally use trendlines as much but I noticed nice price action on a broken trendline with a retest. We also have a moving average cross over and Fibonacci confluence. Potential downward movement. I always look for at least 3-4 confluences/confirmations before entering a trade.

randyspringle

After price hit resistance at 17.75, our candlestick printed a nice strong bearish candle that confirmed a reversal. Price continuously broke and retested support. We then rode this downtrend all the way to key support at 17.50 with a beautiful Fibonacci set up at the end of the trading day.

randyspringle

Break and retest of key support/resistance with Fibonacci confluence.