BTC QM or inside bar candlestick#BTC/USD
$BTC in 3months chart
if price success to close above $58787.6 price will move upward to touch $100k.
and if close below $58787.6 it is possible to drop around $17k.
Candlestick analysis
AUDUSD - BUY opportunity soon! - On the weekly chart, the price is in the demand zone, there is a high probability that bulls will come to our market, I am waiting for confirmation by nice bullish candle and then I will look for possible opportunities to buy in a lower time frame
Bitcoin, is it time now?On 25Nov2021, I share that a potential drop of Bitcoin to $51417.16 and I did not discount the fact that it can go lower.
There are comments stating is not possible and stuff.
Don't get me wrong, this is not a bashing report but I just like to put it out there that everything is possible and as a trader/analyst we have to see all potentials.
If our faith is too strong, we start to form bias sentiment that doesn't do us any good in any form of investing or speculation.
You can watch closely if today market breaks and close below the blue box, if it does, you have to see it is a strong candle or reversal candle to decide to buy on spot or wait for a day or two.
ShibCoinThese are levels that I'll be keeping an eye on when dealing with Shiba Inu, and I'll revise as price action progresses.
I adapt to the change in money flow.
I see a clear path for bulls AFTER a B.A.R. of the $0.00001048 level.
USDCAD - Bearish ABCD PatternThe market setup for this week is interesting. We have a couple of setups that work on the lower timeframe and we have seen a couple of AB=CD pattern setups and complete.
USDCAD has an AB=CD pattern setup on the 4-hourly chart that works on the 1-hourly chart as well. What I would like to see in this Bearish ABCD pattern is that it touches 1.2812 which is also the previous Resistance Level on the 1-hourly chart. A Double Top with RSI Divergence would sweeten the deal.
USDJPY-Weekly Market Analysis-Dec21,Wk1In an unlikely scenario, I'm waiting for the USDJPY retrace back to the parallel channel touch and reverse heading towards the Bullish Shark Pattern that completes at 112.36 to provide a potential entry price for my long-term trade towards the upside.
EURUSD-Weekly Market Analysis-Dec21,Wk1On the Daily and 4-Hourly Chart, the EURUSD has displayed a Bearish Trend and on the 1-Hourly, an Uptrend. This is my prefered setup as I could potentially sell at the High and exit when the price went lower.
I'm waiting for a retest at 1.1322 or preferably a Double Top with an RSI Divergence to engage the trade.
EURJPY - Bullish Bat Bullish Bat Patten touches the D Point completion with strong Bearish Candle and a warning sign at Point C. Is this the kind of setup you will be interested in?
I'll be waiting for the 5pm(GMT +8) candle close for trading confirmation.
CADJPY Short Price action is in a downtrend on HTF. I Noticed price reject at a poi. Now expecting price to resume its decline for a grab on liquidity and the creation of a new swing low.
(Brk entry)
#M Cup & Handle incomingGoing through my morning charting on trading view and i remember seeing #M on unusual whales pop up frequently and i glanced at the chart almost moved on to the next play and literally did a double look, but a cup is fully formed perfect on the one year one day and one year one week chart as you see in the image. It will be interesting to see if we can put a couple red days together this week to form the handle will be putting in some trades for mid Dec. to help myself with the Theta and to see if this comes to fruition it will be cheaper to pick up contracts on pull back days either way. Also their ecommerce business is also coming along form what i had read recently in either case this def makes for a play to go in your watch list, Fed is also supposed to make an announcement today which when that normally happens we have VERY RED days so i guess as they say the STARS ARE ALIGNING lol.
USD/JPY Forms Shooting Star In Weekly Sell With Target of 111.1USD/JPY Forms Shooting Star In Weekly Candle. Sell With 1st Target of 112.1 and 2nd Target of 111.1 SL 115
Prone to growth, add to watch listWait for it to cross the 0.382 Fibonacci line.
Wait for a confirmation candle to enter
If you enter the trade, your loss limit is 1.70 and your limit is up to the middle of the channel line
This is just a simple analysis, not a purchase offer at all.
Our friends are just helping you find growth-prone stakes.
To enter into a deal, you need to know the basics of technical and fundamental issues
good luck
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NZDUSD - Descending TriangleIt is common for an analyst who shares 2 trading strategies within a single chart to have an opposing view or strategy.
Well not for NZDUSD on the 4-hourly chart. There is a Descending Triangle that offers breakout traders to look for a shorting opportunity once the market break and close below 0.6980. Conservative traders can wait for a retracement and engage the trade.
Harmonic Pattern Traders can wait for the market to retrace back to 0.7155 to engage the trade through the Bearish Shark Pattern setup. One must be aware that a Shark Pattern can offer up to 3 different entry prices. Yes! Three.
What's more important is to plan your trade and trade your plan.
USDJPY - Head and Shoulders PatternUSDJPY is one of the rare charts that has all three Major timeframes, namely the Daily, the 4-hourly and the 1-hourly chart in Bullish Trend.
While the 4-hourly chart has a Bearish Head and Shoulders setup, at this moment the structure holds.
Trend Traders or traders who are looking for a buying opportunity can wait for a Double Bottom with RSI Divergence forms at the projected completion of Head and Shoulders to engage the trade.
Double Top Retracement ZoneIf you are a Double Top trader, you would know that it is not about the strategy but where it was formed.
One of the struggles that traders have is, "Where is the end of the Double Top Pattern?"
There are ways you can learn to identify the potential completing zone or you can wait for the Double Top to complete.
Yeap, "Wait for it!!"
You can then look for a shorting opportunity when the market passes 61.8% retracement and does not close above the 100% mark, in short, previous high/ violating the previous high.
In this case, the first target would be the immediate low. I will exit the trade on the candle body and not at the lowest wick.
Leave some tips for the waiter right?
Another important filter I will need to have is an RSI Divergence.
This will be something I will be creating, 1) A Weekly Education Content and at the end of the trading Week, a meet the trader session and LIVE discussion on the topic of the week.
What do you think?
USDCAD - Key ResistanceUSDCAD reached the key level of resistance in the daily chart. With a pin-bar or a long shadow, the candle do get me interested in shorting it.
Wait, an RSI Divergence as well?
I'M ALL IN!!!
Let see how it goes.
While we have this kind of feeling when we spotted a trading setup that meets the analysis we have done days and weeks ago, we have to remember those losses as well.
Know your stats and manage your risk well.
How much would you risk for a trade like this?
Comment down below.
"True Bar Color Indicator" TutorialThe video explains about "how to use True Bar Color Indicator". Content includes explanation on
Understanding the candlestick analysis, candlestick pattern
Trend analysis
Potential reversal points
Trailing stoploss
Risk management
Entry and Exit points
AUDUSD - Bullish ChannelThere are two Harmonic Patterns, namely the Gartley Pattern and the Bat Pattern on the Daily Chart, but what I want to put my focus on is the Bullish Parallel Channel.
The three timeframes, the Daily, 4-Hourly and 1-Hourly chart respected the Bullish Parallel Channel which gives the counter-trend traders an opportunity for a buying opportunity. The potential target level will be at 0.7545 as a type2 Gartley Pattern is formed.
USDJPY-Weekly Market Analysis-Nov21,Wk3USDJPY Flag Pattern stands, but it took a turn and change to the flag pattern with retracement and not the high and tight flag pattern.
Base on the 4-hourly chart, it has broken and closed above the channel, but it does break and close below the channel too, however, there's nothing to be worried about.
If you are waiting for a more conservative approach, you can wait for the Inverted Head and Shoulders trading setup that completes at 113.46.
While this Head and Shoulders doesn't meet my trading setup, look left of 113.46, it happens to be a rather good support level for a trend trading setup.
GBPUSD-Weekly Market Analysis-Nov21,Wk3On the Daily Chart, GBPUSD has finally broken and closed below the support level and has been deemed Double Bottom, Mission Impossible. A key resistance level at 1.3428 works on all 3 major timeframes, namely the daily, the 4-hourly and the 1hourly chart.
You can wait for a double top setup on the 1-hourly chart the engage for a shorting opportunity.
If you are looking for a counter-trend trade, the ABCD pattern that forms at 1.3314 and if it happens to touch the bottom of the Bearish Parallel Channel would give you an advantage to long.
EURUSD-Weekly Market Analysis-Nov21,Wk3On the daily chart, the key resistance level 1.1684 is a level that is worth mentioning for trend traders to look for a shorting opportunity.
If you are into getting into the action before the crowd does, 1.1470 could just be the shorting opportunity for you. Remember to wait for at least a candlestick pattern confirmation and not jumping the gun.
GBPAUD - 5-0 PatternA Bullish Shark Pattern has taken place on both 1-hourly and 15minutes charts of GBPAUD.
The market has reached and touched the 5-0pattern formation at 1.8358. If you like the deal to be sweetened, you can wait for the retest at 1.8366 without closing above 1.8368 for a shorting opportunity at the retest of the previous high.
Some traders would read the retest as double top, but it is not a double top.
