BTCUSD 4H RANGE TRADESPair is in a range
Price is below 100 sma makes a bearish bias
Bullish Trade
Breakout of 50 sma
1st take profit is range top
2nd take profit is swing high
Bearish Trade
ENTRY - current 15m bearish continuation candle patterns
1st take profit range bottom
2nd take profit swing low
50sma
EURUSD 4H FLAPJACK TRADEFlapjack is a pancake. You have to flip it over to finish cooking it.
Flapjack means price chooses which side you put your jam on to eat
Let Macd fade back to center line
Bear trade Macd falls and crosses below Red line
Bull trade macd crosses above center line and stays above it
You have the option to scalp current price back to 50 or 100 sma
XMRBTC ASCENDING DAY CHANNELPrice may be rising to the 1H or 4H 50 sma.
If BTC is strengthening price may fall.
4H macd has crossed below 0 level line Bearish Bias
Day macd is still above 0 level Bullish Bias
Sup/Res levels posted for Profit Targets
First 1 trillion dollar companyThere have been many disputes over the first 1 Trillion-dollar company. Many say it is Google or Amazon - on the other hand, I say APPLE. The market capitalisation is calculated by (share price X shares outstanding). Currently, APPLE's shares outstanding is 5.09B, so in order for the company to get to 1 trillion dollars, the price would need to reach $196.50. That’s a 14.1% increase from current prices. AMZN requires a 107% increase to reach 1 trillion. GOOG requires a 167.90% increase. So APPLE is the closest. Also, APPLE is currently in a flag pattern. The RSI is in the middle so there’s a chance for a price rise to overbought. Also, the volume peaked at the start of the flag and has been gradually falling, this further enforces the flag pattern, in addition, the 50 MA is providing support to the stock at the bottom the of the stock. The stock initially broken the flag pattern but then rebounded, this could be potentially showing a rapid rise in price in the future. However, the Coppock curve is going negative, so there may be a pullback before a rise.
BCHUSD 30M SHORT SCALPMacd is setup for a short, falling below Red signal line heading for 0 level line.
Entry was a sell stop @ 2613.40
Take Profit will be the 50 sma
NO TRADING IN NO MAN'S LANDWhere is "NO MAN'S LAND". In between the 50 sma and 100 sma. When price is in between these two SMA's it is usually consolidating, moving sideways without much momentum. Wait until price breaks out of one of these sma's. Price will then have better momentum behind it. Watch Macd for direction. When Blue line crosses over the 0 level line or the Red line it helps you know price direction.
HOME on the RANGE with BCHUSDBCHUSD 2H chart has price just above the 50sma with the 100 sma above it. Sideways indecision in that zone (50-100sma) Price breaks above 100 sma for long and breaks below 50sma for short.
50 months MA line and a daily Cypher in focus DXY broke and closed below its 200 weeks MA line last week.
The holiday trading week (low volume) helped the sellers to push the Dollar beyond this important support line.
Now the next line of defense for DXY is the monthly 50 SMA line and the bottom of the structure zone (weekly) that you see in the chart.
The Cypher pattern and the 61.8 Fib level can be used as two potential entry zones for those who still hasn't lost faith in the Dollar's ability to rise!
Yellen testimony and U.S GDP in focus.
Read more about the Dollar, EURUSD and Stocks in this week's newsletter - #WeeklyMarketsAnalysis (search for it on Twitter)
EURUSD - What is the Best StragegyThis 4H chart has a range box for this pair. There is a prior resistance level that may make a bullish breakout fail. If it does and re-enters the range box then my TP is the 50 sma.
Tell us what strategy works best for you when you trade the EURUSD in the comments below.
BCH - What is Your Strategy - What's the PLAN!Divergence in the 1H and 4H. What is your strategy for divergence.
Share What's the PLAN! in the comments.