Its been a great run - but what goes up - must inevitably go down. I've told everyone that listens to buy Ripple - as this holds the key for profitability for all of the cryptoverse. If we break this last key fib level - look out below.
What goes up, Must come down. Ripple holds the key. If this key fib level is broken, the flood gates will open and red will flow. Hope it doesn't or else it will be a long painful ride down for everyone, except for the banks whom quietly exited back in June... of course.
Easy break through zone for silver where cloud made a thin area to break, Caution though, simple breaks like these do not provide strong data on whether to continue long or short. CTF bouncing on lowest level and testing its strength against trend lines be ready for anything. --------------------------------------------- CTF - SILVER -No Trade action until...
I see bitcoin dropping to around 2k and possibly lower, saw a good setup so I thought I would share with you guys. This is in a bull trap right now and needs to test support it also has a very good risk to reward for shorting. If you own bitcoin it might be smart to take some profits and cash into something else (altcoins - fiat ) . another good buy opportunity...
Bitcoin likes to bounce back up to its 23% fib retrace quite often during large dumps, so we could see something like this happen before heading back down Or we could see a correction from this level further down toward the 76%, then climb back up and build support
Initial Move Away does not meet 5:1+ rule, but given the bull trap set up and the fact that price did move a good distance away from this area makes this a high probability set-up.
Just my thoughts and ideas ... on what could happen
GBPUSD (1h) Wait to sell resistance and channel highs. Price is now at the inner channel high, 50% retracement, close to 127 fib inversion and has just broken a previous swing high. Look for false upward breakout for shorting opportunities and a test of the outer down channel line. Wait for price action to confirm the reversal.
GBPUSD Price structure analysis (1H)
EURUSD Price structure analysis (1H)
www.tradingview.com I have the idea that we are at the beginning of a correction and that sooner more than later, this bovine feces will hit the fan. Bull trap...
It looks like dead cat bounce!beware. Bulltrap or bull Squeeze in the making... stay away if you are not the high risk trader. Goodluck and happy trading
It seems that the price hit the optimal level to begin sell off. The buying back phase will start at 460 level, to form accumulation range between 480 and 510. In my opinion we will have lot of selling just before BTC halving and than, after it the price will bounce to the 680 area again. As usually, we will see the triangle forming. However I don't think that we...
Be careful. you saw a fat finger pointing updward. be alert that anytime fatfinger going down is possible. Happy trading
a D1 ed channel has a smaller h1 channel colliding with it at the top. IF price does really goes down, it will have completed a 2 weeks high flush bull trap, and perhaps price will resume the strong trend seen in may. All is too prematured now and I really want to see the reaction within this blue oval. I got a small scout position in so still monitoring it. h1...
GBPCAD is currently at the 5 months low resistance which functions as a neckline. I have a h1 channel macd setup and should price plunge below yesterday low, it will signify the completion of a slanted hns and a completion of a flush of 4 weeks high. Then it may be the start of a nice ride down.
A potential DT is forming now and it is encapsulated within a flattish channel. This channel has a macd divergence as well. However I do not wish to take action only after the DT is formed. By then SL pip risk will be about 200 pips. Looking for retest at 4371 is more feasible and allows pip risk to be minimized. Tp1 at neckline Tp2 will be lower if this DT materializes.
finally a h1 setup has taken shape after price decided to test the big channel top. on lower time frame , a multi day bull trap has been formed and there is a channel within channel confluence already completed , with macd divergence to support. Since I already have prior entries few days back, I will continue to hold and add on shorts within the orange zone. On...