BTC patterns 4hr up or down who knows how this will play out, things seem as indecisive as ever and this this chart doesnt help....
Just a couple of observations....
Trying to learn so feed back is welcome.
i guess in the short term i will be holding until i get some confirmation on what the market wants to do.
4hr
THE BEARS CONTINUE - BTC/USD SHORT before we were hoping 58500 would act as support as it did in the past, but with bearish pressure it didnt price siled straight through
we are looking for a retracement to around this major level with another bearish move to the next major level
short opportunities from 5800 - 5200 (another mojor level)
KSM/USDT analysis on 4H Time FrameKSM/USDT is on trend line which show neutral behavior either break trend line then opening a short position is a good option for profit and if not break the trend line we have a good long opportunity for profit..
Always do your own research before going to trade this is not a financial advice
UsdChf Dont miss this trade from topcurrently, we are traded waves in waves it's hard to understand for new wave trades but if you go to higher timeframe 1 trends is bearish and we are in correction Phase also in correction we are in B waves which is correction itself and very choppy meaning if you trade B wave structure then your stop loss will be larger then usual
Now wait this moves to finish on top after sell setup conformation then look for shorting this will be home run trade for you guys i hope you will catch this move
Xauusd Gold What to look for nextXagusd Gold prices are aggressively moved to the upside first look for to price to come close to Trendline and then look for any buying possibilities But remember that buy-side is very limited
I will more likely to sell gold rather than buy it there is no trade for me on gold.
Cheers
BTCUSD 4HR Fib Channel largeBTCUSD 4HR Fib Channel large
As we can see on this chart, the trendlines from the recent bull run are looking promising too.
WE have just retaken the .5 trendline again, and if we can hold the .5 line on the fib channel I have drawn here, that could likely mean we see a major bullish candles in the following 4hr candle.
This is not financial advice, just sharing what I see, in the hope to learn from others comments.
#C98, #Coin98 and its nice looking pennant!A quick look at Coin98 (#C98USDT, 4HR and 15m, Binance):
According to CoinMarketCap, "Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking and yield farming." The project was launched on Binance's Launchpad and opened for trading on July 25. I have been quite satisfied trading this coin so far. Today, it surprised me with a very nice pump!
Main Points
Price broke the upper resistance of the wedge supported by the third largest volume candle since launch. Admittedly, I was waiting for a breakout, but not so strong. Price eventually reached a peak at $1.85.
Price action is now forming a pennant ranging between $1.72 and $1.60.
Closest support levels are at $1.60, $1.51, and $1.45. The last two coincide with Fibonacci levels 0.5 and 0.618 respectively.
Strategy
If price breaks above the pennant, look for:
TP1: $1.85
TP2: $2.10
SL: n/a(*)
If you want to read more about Coin98 on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simple reasons that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!
EUR/GBP - 4HR Chart - Interesting Spot!Price is currently trading around the 0.8570 region. We have seen strong rejection off 0.8564, combined with key level, trendline and 61.8 fib level bounce. If we see a bullish candle close buyers could take control. A break through could see a test of 0.85. We remain bullish on this pair having bottomed out on the HTF and rising COVID cases weighing on the GBP.
CHF/JPY - Rollercoaster Ride Last Week🎢We took advantage of the downside movement last week on this pair. Check out how 4HR levels have been violated. Another bearish week?
We have seen the JPY reverse last week after lockdown restrictions have eased for the majority of cities in Japan.
We are currently at a key long term level in price - a break of this level will mean further downside movement this week!
Bear Flag on the 4H After having rejected off the 200 EMA YELLOW support line Bitcoin is forming a BEAR FLAG on the 4H time frame just above the GREEN supertrend indicator SUPPORT line. A confirmation of the BEAR FLAG will also trigger a short signal on the supertrend indicator creating a RED line of RESISTANCE. The RSI is still technically not oversold and has room to drop.
Stay cautious! And do your own TA!
#LINK, #ChainLink, Who likes #Diamonds?A quick look at #ChainLink (LINKUSDT , 4HR, Binance):
LINK is consolidating after a dip that brought its price from $53 to $15 in two weeks, in what looks like a diamond bottom.
If the price confirms a breakout, we can see higher prices.
Strategy:
Hit the TP1 target, or
Exit after 50 candles, or Stop loss
If you want to read more about ChainLink on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!