stewart_2611

stewart_2611 Updated 

-The crowd psychology is holding their previous long trade. Less crowd enter to buy as the price already reach it goal at 8000. -Price having hard time to break resistance at 8000 and support 7500 zone. -Buying at next 7500 can be a risky entry if the next correction cannot break 8000 and instead making new lower high on H1 chart. -While selling at 8000 with small...

stewart_2611 Updated 

-Buying at 60 will be good setup as this price sit near the trend line and previous support area. -If price continue to go up, it will looking to go at 65

stewart_2611

-Price manage to reach 8000 and retrace back to near to 7500. -Now, price will try to retest resistance zone at 8000 again. If price manage to break it, the price will go spike first.

stewart_2611 Updated 

-Weekly chart show price in sideway trend as price still in between the moving average. -Price most likely heading bottom before retest support at zone 107.7

stewart_2611 Updated 

-Price still in side way trend. The price still between moving average. - Therefore buy at bottom, sell at top.

stewart_2611 Updated 

-Price will break 8000 this week. And high chances push up further before making correction again. -Price might go to 7500-7600 zone to make correction. This will be good opportinities to enter buy trade.

stewart_2611 Updated 

- Beautiful inside bar trade potential for USD Non-Farm Payrolls news. - If any of the box line broken, the bar most likely will be very long.

stewart_2611

- Bitcoin classic is still popular. Big crowd put so much hope on it to go above 10k. As long it is still popular, the price will keep going up. - The price has high potential to go up further to 10k if the price manage to break 61.8% fibo level.

stewart_2611 Updated 

- On 4hr chart, price is keep making new Lower High (LH) and new Lower Low (LL) which indicated the price will keep moving downward. - Expecting price back to bullish trend at 38.2% or 61.8% Fibonacci zone. Price might have 2 separate bullish pullback at 38.2% (7000) and 61.8% (6600) fibo zone. www.fxempire.com Prices Under Pressure This is the same trend that...

stewart_2611

- If current Resistance level is strong and the price will touch this level soon, this will be a good place to execute short trade with minimum stop loss behind the resistance area.

stewart_2611

-If the resistance still holding well, this can be a profitable short trade.

stewart_2611

- Potential buy trade after the pullback at 7100 (Previous Resistance) .

stewart_2611

- Price definitely will go to 7000 as many people (guerilla/day trader) jump in and buy at the pullback in the hope of it will touch 7000. - Once the price reach 7000, these guerilla/day trader will close their profit. And this will make the price will pullback down heading to area of 38.2% fibonacci. - Potential short trade at 7000.

stewart_2611

- Waiting for the price to retest and confirm if the resistance is holding before going short.

stewart_2611

- Current resistance zone should be significantly strong as there is previous double top formed. - Good short trade setup with minimum stop loss

stewart_2611

- This week Weekly chart candle should be complete it form as bearish candle. Probably look more like a Doji or pin bar. - Next week, there is high probability that the price will retrace down a bit. - I'm expecting a good price before jump in to buy. Price going down to 5400 should be a good entry.

stewart_2611

Expecting price going down to at least 38.2% fibo level. Once the price reach 38.2% fibo level, probability of the price going up temporary is high because of many people think the price is good to jump in and buy. In the same time, price at 61.8% fibo level look like a good place to jump in to buy since it is also the current support level. Next weekly candle...

stewart_2611 Updated 

Previous weekly bar look like a full bar (small wick at top and bottom). The next weekly bar should retrace down at least at 38.2% fibo.