Bulllish
BTC is going to a new ATH from there (1H of 2023)/ I have pointed out the divergence (double heights + decline on RSI) on November 2021 that drives the current correction
/ Now we are about to finish the downtrend
/ Still some sideways/mere down movements are possible for a period of 1-3 months
/ The road to a new ATH wouldn't be a straight line (as drawn) ..lol
/ Timewise it would be in the 1H of 2023
EURUSD LONGEntry
-POI: 15min OB (No FVG Available)
-Risk to Reward: 1:6
-Pip Count: (SL: 11pips) (TP: 66pips)
-Position Type: Buy Limit
-Killzone: 6:30am
-Session: New York
-Time of Execution: 8:30am
-Date: 5/30/2022
-Day of Week: Monday
Moral:
-DXY Downtrend (Distribution on Higher TF)
-Daily Candle Opened up Bearish
-EURUSD Uptrend (Accumulation on Higher TF)
-Daily Candle Opened up Bullish
-Clean Bullish Order Flow
Results:
-Profit: 1% Secured, currently running in profit +2%
Simple Trend Analysis…Works on Any time frameOur 20 and 50 EMA are looking like a potential crossing point and thus indicates bullish structure remains. I posted this one to show you all the basic way to spot a trend….higher highs and higher lows are bullish behavior. Very easy way to identify this is drawing “path” tool from lowest points to highest points as long as the next one supersedes the other whether looking at bullish or bearish trend.
Best of Luck Traders. Bitcoin looks like a huge payday coming up. About to cross the 100 EMA on the daily if this pump can happen soon! That’s extreme bullish. If you have feedback or comments let me know below!
Inverse Head and Shoulders to $4300After that major capitulation, retest of the capitulation lows. The 4 hours chart is showing a strong inverse head and shoulders to push ETH to 4300 and above. 4300 first target would put us just above VPVR resistance where we can see consolidation before a leg up to next resistance.
Follow and like, after the move to 4300 I will post an update for next supports and resistance.
BTC in Shorter term ?As i did post an analysis yesterday about BTC in higher time frame , forgot to mention about Bullish divergence but it worth to mention it with another bullish pattern in shorter time frame
As we can see from image above, we expected BTC to bounce at MA100 in Daily time and support trend lind did pretty good job, So BTC did bounce and we got a good confimation for BULLISH divergence
Now as we got those signals in previous day, BTC has printed a good big falling wedge which also is a very good BULLISH signal. As soon as we break through to top of wedge out it can easily hit its last ATH again.
In case of breakout from the top, we might get the breakout from the handle of cup in imgave above which indicate us to higher targets and possibly new ATH
what you think about my analysis ?
feel free to talk in coment section below
EURUSD LONG/SHORT?Hey guys, EURUSD has been on a bearish move for quite sometime. After the daily support got broken, It signified a strong bearish momentum. Currently i'm on the sidelines on this pair but considering the weak dollar, i would look to buy. I would wait for the upper slanted trendline to get broken to give me a proper buy confirmation.
Happy trading.
ETHUSD Bullish Trend Analysis 2021-06-07 3:45pmHere is my analysis for a bullish scenario for ETH.
Fibbonaci Retracements:
We're still above resistance level at $2698 (bottom of the area in red in the smaller Fibonacci retracement), and still above the bigger resistance at $2580 (bottom of the area in blue pale in the bigger Fibonacci retracement). Thus we can expect the trend to go upwards to reach higher levels of both retracements.
Above $2900 first in a couple of days (maybe tomorrow) and reaching to the $3200 levels around the end of the week or next week.
20MA/ 50MA cross:
The 20MA and 50MA seem to follow the trend and may cross soon after we reach the $3200 levels (possible retracement before hand). This cross will likely trigger a strong buy signal as it happened around March 28th at $1744 (area circled in green).
If such a scenario is right may reach close to ATH by the end of this month.
RSI:
You can also note we're at ideal levels on the RSI at around 48, breaking the RSI 50 line soon which is also a very strong buy level. So a shoot back to 80 RSI is in correlation with the buy signal hypothesis.
Hopefully I'm right.
PS: Sorry for all the colors :)
BTCUSDT BuyHello Traders!
As we can see Market moved exactly as i pointed out in my previous post.
It formed a rising wedge Pattern then broke out and now it found support near 37k. I is aiming to touch 50k to gain some confidence back in crypto. After that, we will see another drop.
I will post the chart step by step.as we predicted the drop from peak
Don't forget to hit the like button and follow to stay connected.
$TRU/TrueBit Protocol Bullish Indicators.TrueBit protocol ($TRU) is a utility token for the Ethereum Blockchain. I strongly advise DYOR on this one. BUt the technical team behind the coin is incredibly competent and interconnected throughout the Ethereum and greater crypto space. A $TRU gem for sure.
GBPJPY - Bullish Movement Ahead?After some Swing Trading analysis, I have been looking at taking a Long position on GJ.
Using previous key points, Price recently returned to a bullish trendline after a positive move over the past several weeks. To back this up, price has broke above a previous resistance area.
I am now looking for a retest at the Resistance (Or new support) area as an entry, in hope price continues up in the long run.
One thing to consider is that there is a large WEEKLY bearish trendline, that price is approaching. Keep an eye on that level incase position traders influence the market too much.
Well Is That What I Think I See!?Hmmm Where have I seen this little critter before??? Ture, this dolphin doesn't look the same completely but IDK until we see otherwise. So I am back at Seaworld for a winter waters show! BE AWARE THE WATER IS LIKLY COLD!!!
Alright so after many hitting the reset button "Some" people played the game differently this time around. Ex: Buy 2015,2016,2017,2018,2019 tops missed the chance to sell but "HODL! HODL My dear friends for 50k is yet still in our reach!" (And it is) Regardless most likely had 50k in mind and yet we still missed it by such a small amount based on the moves already made. As I recall 20k wasn't much for Bullish BTC. So oh... 40k can be the 20k for a whole new generation of HODLER and or repeat HODLERs ? lol
So, did we really miss our moment to cash in on the gains?? That beautiful target of "50k" so patiently waited over the years?
Not to my knowledge! Many have made a silent or at times not so silent covenant with themselves, friends, spouse or significant other even their cat! That "WHEN MOON" and (fill in your price point)comes again we actually realize dem gains and not be the guy holding the bag for x number of years. The stakes are much higher now for the average retail investor in crypto. For the average joe Buying The Dip In a prolonged scenario like the pandemic accompanied by economic & social narratives driving decision making abilities could in all reality be buying the dump. Many may find that the factors putting pressure to make the short term decisions in the game of Life may or may not be such a bad idea for many if they desire to keep playing, be happy or just have some cash to their name.
What are your thoughts? Is it bad that people like to realize gains or just something else?
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
***GBPJPY*** Bullish outlook to start the weekI believe that GBPJPY will start the week off bullish. As we can see, we are at a pinnacle point that can be see two ways. A double top (followed by a sell off) or a break of resistance and formation of a new support. As you can see, we have strong volume being pumped into this pair with the engulfing candle that shoots past our resistance. From here we see a retest and price sitting at the 141 level. The last candle of the week closed with minimal volume, therefore if we see a strong opening candle I will be initiating in a long trade, targeting previous levels.
Remember this is just my opinion, take it with a grain of salt and use proper risk management.
Please comment, like and follow so I can continue to provide helpful content.
HAPPY TRADING
-MATT
Bullish Pattern Formations On All Major IndicesThe SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November.
Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h.
Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
COPPER INTO AREA OF TRENDLINE SUPPORT AND HORIZONTAL SUPPORTA resumption of these two support lines will possibly create a great buying opportunity for copper. If we want to buy the 8hour candlestick has to close above 3.00, if the price continues up to its a great risk to reward trade.
Target: 3.0885 (2.68%)
Stop-loss will be placed right under horizontal support.