Changeoftrend
Lets make it simple. Rupture of a down trend line since 2008. It seems that EUR/USD have a great potencial to help us profit. A strong resistence ahead. But if we break it, we have a double bottom just above. We can go directly of test the resistence first. If we go back that down trend line, forget and wait another plan. Hope this helps you in anyway.
I am not a financial adviser. Make your own investiments studying hard. Good lucky!!!
Bitcoin is in Sell off: Bearish Rising WedgeIn this analysis in H1 timeframe we could see a possible drop of more 10%. that mean that Bitcoin it's appears need to make a correction before o c to continue up the trend, that is a possible drop seriously that bears is right now take control of this momentum.
Now compared their movement, the rising wedge say us a possible continuation until the $9,100 USD go back of this level.
So, It's a good opportunity to make money of Bitcoin.
Well, the price entry is in the market price, with a SL at $10,900 USD and the take profit of $9,100 USD.
i say you that because in 3 day candlestick or this timeframe we see that Bitcoin has the possibility to break down this support line and Bitcoin is not secure to continue up!!!
Other possibility target it's could be the $8,883 USD to confirm that
That could be the movement of what Bitcoin can do.
Is this the signal of Trend Reversal?It look like public Bank in the Reversal
From last Feb 2019, it start drop
And the downtrend is resisted by 50EMA (Expontetial Moving Avereage)
And last March 2020, it V-shape rebound and break above 50EMA
And create a "higher high" (2 times) & "higher low" (2 times).
if coming week, it trade high, not break down to the lower trendline (Blue) then, it confirm uptrend.
What is your take?
FKLI TRADING : 84) I have a confession to makethis is trade 84) frm haidojo trading..as predicted earlier, fkli has broken below the 1587 and went very close to the 1555-1560 level, but not touching it...
so now after breaking tru 2 level of supports, which are 1587 and 1570 (I have to confess, I totally missed this)...now price has found a new support level at 1563...somewhr in between 1560 and 1570...
support level : 1555-1560
lower support : 1512 -1500
resistance : 1587-1590
higher resistance : 1616 - 1620
in my opinion, some key level of support has been broken, therefore reversal has happened and ur trading trend should change...watch out for short instead of long...of course, I could be wrong...? hehe, no expert here but definitely a chart-luver...
WARNING : this is juz for personal use and educational purpose onli, pliz do not take this is hint of buying and selling, trade at your own risk...
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USD/CAD LONG Looks like a possible change of direction if it breaks this lower high level and resistance area. USD/CAD is at a strong resistance area and has been in consolidation it is about to possibly break market structure and if it does I'll be Looking for the next projection to be 137.479 for short term plays on this pair.
$BAP Potential Short Is $BAP making a H&S's top, rounding top, bear flag? We just made a lower low and we are currently grinding up slowly. If we break the $200 support area we could see falling prices.
It is looking weak but that doesn't mean institutions aren't going to support the price. Not a clear entry with mixed signals on multiple timeframes and indicators.
With a proper entry and risk to reward ratio, this could give a good setup on multiple timeframes. Worth the risk?
Higher high and low for AUDSGDJust a casual update on an earlier analysis posted:
Presently biased towards bullish.
AUD appears to have find support above the blue line -- previously acting resistance of the steeper downward channel since Dec 2018.
The pink lines forms the gentler downward channel started since 2017, expected to act as resistance levels for AUD ahead against SGD.
Expect AUD to be rejected at around 0.95-0.97 SGD to retest the support.
If AUD is able to pierce above 0.97 SGD and finds support, a follow-up pump is expected perhaps to ~0.99 SGD at the 38.2% Fib level.
If AUD is not able to find support at ~0.93 SGD, then expect a continuation of the descending channel (defined by the two blue lines), and expect price to go down and revisit 0.9 SGD.
DOLLAR YEN CHANGE OF TREND @ TOP OF THE RANGE FOR GREAT R:R!
Not much to do with this trade. Have been tracking when risk on would take profit and with SP topping near ATH's
and with FED hinting less rate cuts than expected I am ready to sell.
The 3 Slopes I Marked have been broken by the big red candle forming the lower LOW and breaking the 21 ema.
Not much else to do with this trade. I fib'd the move and the support now resistance marks exactly where I will
enter which is in the crucial 50- 618 fib zone. Putting stops above the high for an INCREDIBLE risk reward trade
Aiming TP1 at 106.70 area. Will watch for more trade war risk or brexit risk if I should stay longer.
Happy Hunting Happy Trapping
This should be an easy one..... hopefully :)
BooBii
Tron breaks long-term resistance finally?After 2 months sideaway, Tron aims breaking a long-term resistance i.e 100-Day MA. It failed 3 times in october.But breakout will be accomplished soon. Why?
1. A strong support i.e 20-Day MA (mid line of boolinger band) is extremely near to resistance now and price must decide to break one of them. which lines is stronger? I think support (green line) will be winner and price jump nice.
2. Justin Sun (Tron's founder) proved that he is a strong hyper. He knows when and how tweet and help technical to make a bullish movement. I think sun will play his important role once again.
Countdown for breaking long-term resistance of BRDBTC BRD is reaching to an important resistance line (static resistance on 6200 satoshies) again.
BUT,It has a strong support near itself now and 99% can beat this resistance and fly.
Education: Change of trend !Prior analysis
Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low
An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend
Please support the setup with your likes, comments and by following on TradingView.
Thanks
Education: Change of trend !Prior analysis
Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low
An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend
Please support the setup with your likes, comments and by following on TradingView.
Thanks
Some thoughts on the changing market.By now most have figured out the Trend is over, The Market has suddenly changed since Mid November. Trade wars and much profit taking.
I am in the Auto Industry and have noticed a surge in retirees buying Luxury SUV's and High end sports cars. And in my region, the million dollar homes are selling like they are on sale. Clearly, some folks are taking profits.
The market has changed, to a ranging market, which is beginning look a lot like 2014-2015. For me, my value system is no longer valid. However, I can easily be adapted to a ranging market.
If you have only one or two tricks, it might be time to adapt them to the changing market.
Please add your comments on how you have adjusted to these new market conditions. In advance, thank you for your comments.
SDB very tight in the Elliot pattern.The SBD shows how the market in general shows a change of trend in the last 3 days, adjusting very well to the Elliot 12345 pattern.
Phase Changes & Events So at one point in this video I get a bit mixed up in my thoughts. I think most publishers would delete it and not share it; but I'm not interestedd in protecting myself. I go off on a pretty long rabbit trail about Support and Resistance areas creating the phase changes that we're looking for. It is an important concept; and I think despite me mixing myself up at one point - I think I should share it with you
I hope you feel the same way. I hope you learned something with me!