Even though I have not yet placed a short, BTC is looking to close its weekly candle below last weeks low (61xx). The bears are not done yet, as I am expecting a final push lower before the final bull run. 46xx makes a lot more sense for institutions and big money to jump in, but a reversal from 57xx has happened three times before and clearly serves as a strong...
Bitcoin has started the new trading week under pressure, as regulatory uncertainty continues to keep the number one cryptocurrency trading on the back foot. The BTCUSD pair may gravitate towards the wedge pattern bottom, after last weeks rejection from the topside trendline. Sellers will aim to break the $6,000 support level, while buyers will look to stabilize...
At the moment, our pair is pointing up and the technical indicators point to the purchase. On the chart, we observe that the pair either makes an overstated shoulder in the case of the Head and Shoulders pattern, or forms a new vertex. Considering a number of factors and macroeconomic indicators, we believe that the pair will continue the upward...
Hey guys,
another trade I will try to make profit with.
Let`s be patient and wait for the restracement!
Peace and good trades
Irasor
Trading2ez
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Any questions? Need education or more signals? PM me. :-)
The pair found a local resistance level at 1.2930 and so far has not overcome this level. Now it looks like the head and shoulders pattern is formed and at the moment the price is on the top of the second shoulder.
Therefore, we advise you to look for points for entering short positions and to consider your goals at the level of the neck - 1.2860. We assume that...
Hey Traders hope everyone has a good start of the week,
we are starting strong over here with a long trade on USDJPY. Pulling out our Fibonacci from the last low to the high we see price clearly bouncing back from the 0.61 key level. This is the level where we enter with a very low risk, because there is no level behind this. Another reason is that we are looking...
Will not be taking any position in highlighted area unless strong indication of direction. A close above said area and I will go long to the 9k - 9.2k range.
On the chart we see that our pair begins to form the “head and shoulders” pattern. The shoulder level is at the previous level of the “upside-down head and shoulders” pattern that preceded it.
We believe that now the second shoulder is formed and the pair is aimed at the neck level. Therefore, we advise you to consider opportunities for entering short positions.
In this screencast I start with GBPJPY 1h. This is where scalpers would be playing mostly.
In the video I show that to get the big picture one has to look at higher time frames.
Looking to get long EU after it completes a Bat pattern around 1.61's
Bat pattern XA into .5 AB into .786 and completes at an .886 of XA
Great risk to reward especially with more additional targets at the .618 presuming we hit our initial target at the .382
Awesome structure at 1.6 even handle to put stops under the X leg
Plan your trade trade your plan!!
Spotted a tight flag pattern on EOSBTC today.
Waiting for a trigger above the pole to enter into a LONG position. Using a STOP-LIMIT order is the best method.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
All that weird stuff looks like it could be next bottom for a even more serious uptrend somehow IMO
But u know always take care for just taking EITHER DIRECTION
Hey guys,
we could trade this 1-2-3-Pattern as soon as we get the Breakout as confirmation for our trade!
We were not able to create higher highs after this rally and bounced back at the recent resistance-line (See big picture).
I expect Profit-Safes and a drop since the Lira is still in trouble.
So wait for the Breakout and see what happens. :-)
Peace and...
The pair is currently forming a flag continuation patter therefore I'm interested towards buying.
All the details are on the chart
Entry @ 111.735 (Buy Stop)
Stop @ 111.486
TP1 @ 112.030
TP2 @ 112.146
Disclaimer:
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be...
i"m going for short on this pair .
that's why:
1. on weekly time frame price reached to previous resistance (left shoulder) .
2. on weekly time frame we can see 2 pattern: 1. head and shoulder 2. double top
3.on the RSI (14) the signs shows me bearish divergence.
however on weekly time frame we can't see any bearish candlestick confirmation yet, so i recommend...
Further to the previous head and shoulders top pattern which met target, the DXY is setting up for a larger downside pattern.
I posted the chart pattern in the link below (refer comments section) just as the neckline broke out. Sloping necklines perform really well, so expecting a nice drop.
This really does spell trouble for the US Dollar and could be a major...
