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BTCUSD - Important scenario on middle-long term to watch!___________________________________________________________________________________________________________________________________________________________________ Hello, as many people giving advise when to buy bitcoin and how much can it fall before backing up there is an important scenario to watch when considering the bullish scenario. Do you really think bitcoin will back up again when falling to 4000-5000 USD?! There is not much volume in the market, a fall to 4000-5000 USD would confirm several bearish indicators and the probability of a possible bull-market continuation will fall. ___________________________________________________________________________________________________________________________________________________________________ As you can see in my chart there is an important indicator showing us when a confirmed bull and bear market is in play. It is the Thunder Cloud Suite. It confirms bull and bear markets. Also in bitcoins bull-markets the weekly close was never below the lower band of the Thunder Cloud Suite. It indicated exactly the market change with a close below the lower band in april 2014 and march 2018. ___________________________________________________________________________________________________________________________________________________________________ What is also really important and worth to look at is the major blue trend-line which you see in my chart holding bitcoin all the way up, what do you think will happen when bitcoin trades below this major blue trend-line? Right another bearish indicator confirms! There is the 50-EMA which also hold the bull-markets in the past and confirmed more downside when broke down. ___________________________________________________________________________________________________________________________________________________________________ For now we have to watch if bitcoin succedes in holding the range or if it falls more. Falling more can also happen slowly with touching support backing up and falling again as seen in the bear-market after 2017. Considering the bullish scenario the volume for an continuation is very important. ___________________________________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ___________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
21
EOSUSD - Target reached and profit taken! What comes next?!_______________________________________________________________________________________________________________________________________ Hello traders investors and community. This is an update analysis on my recent SHORT analysis about EOSUSD. The pattern we see here looks pretty similar to the one i detected with LTCUSD, when you didnt seen it yet you can look on my profile. _______________________________________________________________________________________________________________________________________ EOSUSD reached my target which you can see in the chart marked with the red dashed trendline, this was my minimum target for the SHORT trade! Everybody who traded this should be happy now, i already took profit! _______________________________________________________________________________________________________________________________________ Now the market sentiment has changed! We are facing a possible reversal to the upside with EOSUSD here, as you can see it is trading between the 3.5 and 4.26 range. The recent support at 4.26 is now resistance. _______________________________________________________________________________________________________________________________________ Now i am looking on two possible scenarios, the first scenario is an correction to the 3.7 range as marked in my chart, the second scenario would be a break-out to the upside above the 4.26 range, this would be the point where many traders would set there LONG positions and stop out SHORTS. When we break to the upside without correction in the actual range EOSUSD will confirm the 4.26 (red dashed trendline) after the break-out. _______________________________________________________________________________________________________________________________________ The RSI shows a oversold condition which you can see with the green rectangle in my chart, also we see a possible EMA crossover happening the next time! These are two indicators which confirming an reversal at the moment. _______________________________________________________________________________________________________________________________________ All signs seen in my chart and analysis seem positive for an reversal to the upside, but we have to wait on confirmation and dont rush emotionally in a trade! Either confirmation will happen with a correction in the range or a break-out to the upside, these scenarios will be good opportunitys to trade EOSUSD on the LONG side. Possible targets after a confirmation would be the blue trend-line. Otherwise when we can not hold the range between 3.5 and 4.26 there is a high probabilty that it will fall more. _______________________________________________________________________________________________________________________________________ Okay i hope you enjoyed this analysis! All information is only for educational purpose and should not be used to take action in the markets! May all happiness and luck come to you folks! See you soon! _______________________________________________________________________________________________________________________________________
KRAKEN:EOSUSDLong
by VincePrince
12
📝 $USDJPY: Watch Potential Breakout and Bounce From Trendline👋 Full-time trader here. Posting out here free Forex analyses for you. Welcome to like, follow, & share. Thanks for your continued support. 👍 Scenario 1: Bullish Breakout Trendline-bounce plays can be dangerous if you're new to trading. It's always good to wait for confirmation. In this case, an ideal scenario would be to bounce off the TL's third touch (now) and break into resistance for a confirmed breakout. If bulls come in here, they'll reclaim the resistance as support and continue higher. That's the ideal move. A safe trader would buy on break of resistance ONLY AFTER resistance becomes support. Here's a visual: Scenario 2: Bearish Rejection Many traders will like to think that this was a bearish rejection on the 4th touch of TL and they hopped in to short it. But wait. Not so fast - that can be a bearish fakeout. Need to be careful here and wait for proper confirmation, which would look something like this: First, the blue trend gets broken. Next, the resistance holds up well for a violent breakdown. You can start shorting on a lower high after that. You can play both sides, as long as you wait for confirmation. Waiting for confirmation is difficult in a fast-paced trading environment. You want to jump on a trade, make some pips right away, and log off. It doesn't work like that. Patience pays off. Wait for confirmation and take safer trades. Always check the shorter timeframe for the best entry and for trend confirmation! If you see the wick of the last candle, it bounced PERFECTLY on the high wick from before. Also, what's great is that it confirmed a fakeout under the trendline on a strong, bullish, high-volume candle. As I always tell my followers, go LIGHT on your trades. Baby gains add up! When you refine your strategy or hit 100 green trades, start making heavier trades. Follow for more free insights. Posting a few times daily!
Long
by kingdips
GBPUSD, Bounced At Neckline, Determining Important Zones!Hello, Traders Investors And Community, welcome to this update-analysis about the price-action in GBPUSD, and therefore the resulting conclusion we can examine for the further sequence of price-action. As I pointed out in the past GBPUSD analysis the price formed an overall head and shoulders formation which confirms to the upside or downside, I also gave the conclusion that a break to the upside will be more in the spectrum of a likelihood because of some important factors, however, the bearish scenario was also given but now we have a good confirmation building the upside potential in GBPUSD. If you did not see the analysis already I recommend that you watch it to have a full depth-overview. When looking at the given information now we can gaze that GBPUSD has touched the neckline of the head and shoulder formation and formed a bullish hammer candle there which is a strong bullish reversal candle and can be watched in all time-periods. As you can see in my chart the price bounced already several times at the rising trend-line of the neckline to form it as a solid support level. Currently, we saw some good bullish continuation candles after the initial bounce of the neckline, overall it is possible that we will visit support-line of the neck-line a second time to confirm it, in all occasion we can expect that GBPUSD will go the way up to the targets you can see in my chart. A stable confirmation will be when we cross above the 1.24836 level, in this case, it is possible to open a long position here with a stop-loss below otherwise more aggressive traders can trade the formation with immediate entry and stop-loss below the bullish hammer candle, In the occasion to trade this current set up properly it will be a wise decision because of the risk-reward is good in this case and after the strong confirmation of the neck-line, the likelihood and possibility that we visit the targets increased dramatically. The first target is at 1.26373 which will be reached when we cross finally above the 1.24836 level and after that, we can count on the final target of the structure at 1.27558, you can see both targets in my chart. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Astonishment is the basis of reverence. In this manner: FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
by VincePrince
15
USDJPY - Huge formation in progress - Look at the chart! Hello dear traders and community. Looking on the daily chart of USDJPY we see an interesting setup forming here. On my chart you can see the huge head and shoulders formation forming. It is a complex head and shoulders formation with two minor left shoulders already formed in the major left shoulder. Also it is inverted that means it can complete with a bullish trend to the upside. The pink trend lines are showing the origin of the left minor shoulders, in the right major shoulder it shows the potential origins of the two minor right shoulders (which are forming now). In the bottom of my chart you can see a major support level, where USDJPY already bounced 3 times now: The first time at the beginning of the uptrend showed in my chart on the left bottom, where USDJPY formed a bottom formation and moved to the upside with some healthy green candles. The second time at the head of the head and shoulder formation which is in progress. The third time at the first minor right shoulder It is highly possible that USDJPY will bounce in this area again when completing the head and shoulders formation Also there is an psychological support zone at 100 - 105, normally full numbers like 50,100,200,300 etc. have a high probability to form support or resistance in this price ranges. There are several ways to enter this possible long trade, the aggressive approach would be to open a LONG position as soon USDJPY hits the major demand zone, a more conservative approach would be to wait until the head and shoulders formation has confirmed. Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody!
Long
by VincePrince
AAPL - Excellent LONG Opportunity you Can´t Miss______________________________________________________________________________________________________________________ Hello traders investors and community, I detected an excellent LONG set-up in APPLE I share with you completely free. Thank me later! ______________________________________________________________________________________________________________________ I see many short set-ups calling for downside, please dont be a fool.. After break-out shorts will be stopped out. ______________________________________________________________________________________________________________________ LONG Reason: Uptrend Technical: V-Bottom What to expect: Break-out and confirmation -> rising price Entry: 227 - 235 Target: 370 - 390 ______________________________________________________________________________________________________________________ This information is only educational. Thanks for giving support. Follow for more market insight. May all your trades going well! ______________________________________________________________________________________________________________________
NASDAQ:AAPLLong
by VincePrince
15
Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season. Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.87. This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target. Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes. We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
NASDAQ:NFLXShort
by MinerChad
1
1,2,3 Confirmation PatternWhat does it consist of? It consists primarily of 3 candles, and the fourth one is where we will enter the operation. In a bearish scenario the High of 2nd candle must be higher than the high of the 1st candle. The high of the 3er candle must be below the high of the 2nd candle. The 4th candle must re test the point of origin of the 3er candle. How can you use it? It is extremely important to complement and use this with a strong idea of where the price is heading. To know where the price will move, we need to understand that it moves towards the most liquid areas. The most liquid areas can be the unfulfilled Daily, Weekly, or Monthly lows and highs. Where should you place the entry? You should wait till the 3er candle close and place the entry at the point of origin of the 3er candle. Where should you place the stop loss? The stop loss should be above the 3er candle. Important I use this technique in D,W and M timeframes. After establishing a bias I look for the pattern. After the 3er candle is complete I move to 1hr or 15minutes to find the point of origin of the 3er candle.Then, I place the order.
Education
by Wiiso
3