BTC Next MoveBTC seems to make a bearish flag on the daily timeframe.
If it respects to support of 37900 this week then possible to retrace 42k else it could down following a bearish flag to 30k.
Start purchasing Alt-Coins if BTC goes down to support 37900 with proper DCA Strategies.
Further hoping for the best.
Dailychart
#BTC - &Btc (new Update in Daily timeframe)Dear Friends
There are 2 different resistance zones, Dynamic trendline, and static rectangle zone.
We need to destroy them to get in 49-50.
AND
very most important support zone 38000 &36500. if we break them Strong and great volume, the bearish trend continues.
EURJPY spikes over 1.25% to hit newEUR/JPY spikes over 1.25% to hit new monthly high, pauses shy of 137 handle
EUR/JPY is showing a good bullish breakout after extending sideways grind for past few session's.
MACD and ADX support upside in the pair. Chikou span is biased higher. GMMA indicator shows major and minor trend are strongly bullish.
EURUSD Daily Chart buys coming soonWe have a Break and new low in place in D channel. The 4h is still bearish, so it looks like we will get a second leg to an additional new low or test of the Daily low. Once completed, expect a DAILY correction or possible reversal. So a good move to the upside should be coming in the next few weeks.
Miners inching closer to triggering this double bottom.Looks like if this triggers it should head to $240. Luna has already reached its double bottom measured move target and the market as a whole has only recently switched from the downtrend correction back to an uptrend s this all increases the probability of this double bottom on mongers both triggering and reaching its measured move target. Of course yas always you should always wait for confirmation of the breakout. I don’t own any modern but couldn’t resist charting this obvious double bottom scenario. *not financial advice*
GBPUSD another short opportunity 🦐GBPUSD is providing us another short opportunity on the 4h chart .
The GBP pairs together with most of the EUR pairs are getting weaker due to the uncertain situation of the new cold war with Russia and the the market seems to lose momentum after the attempt to break above the weekly resistance that ends with a false breakout.
How can we approach this scenario?
The price is now testing a confluence zone between a minor support and an ascending trendline and we will wait the weekly market open to check for a possible break below.
In that case, I will check for an opportunity to set a short order according to the Plancton's academy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURAUD BUY Intraday Opportunity Welcome back! Here's an analysis of this pair!
**EURAUD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC Purging Short StopsBTC is attacking old highs to take out buy side liquidity. We are punching up into the stop losses and will likely continue higher before seeing some downside.
As we know, what goes straight up, comes straight down :)
We may attempt to attack the buy side liquidity at the next high around 52k before reverting and filling out the imbalance created over the last 2 days.
Risky trading right now, use proper risk management.
EUR.USD bearish flagHello Traders,
The EUR.USD has been falling on the daily chart for a while, but has also formed a bearish flag on the 4 HR.
If the price breaks the flag to the downside, it could indicate a trend continuation on the daily time frame to the downside.
I will update this post idea if my bias is correct or not.
Until then, happy trading.
Samantha
EURJPY LONGEURJPY has been moving in a down trend for serval day. Current price action suggests that the pair might be in for a short term bullish correction.
The patterns we spotted which are in line with our short term up trend basis include an inverse head and shoulders pattern in Daily and H4 time frames
with the H4 being the more clearer. We have also spotted a trendline breakout, close and retest followed by a change in market structure by the breakout,
close and retest of our key level. The target for this particular trade is around the 132.6**The risk reward for the trade currently stands at around 6.81 to 1.
We plan to hold this particular trade until out target is reach or close manually as per the rules of our trading plan.
Silver can move higher 🦐SILVER after the recent drop reached the weekly support over a previous resistance olevel.
The price couldn't break below and i can see a false break out where the bulls took the liquidity and hut the bears stops.
How can we approach this scenario?
On the weekly chart instead the price still seems to need more retracement but If the market will break the previous neckline of the h&s pattern I will consider a nice long order according to the Plancton's strategy rules,
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger