Dailychart
SHORT - BNB - Trading OpportunityFTX:BNBPERP getting a clear rejection of the top of the 1d cloud making confluence with the MA50, Kijun has been retested multiple times so we doubt it will work as a really strong resistance, looking for previous support and bottom of the cloud as target.
Entry: 16.5875
Target 1: 14.99
Target 2: 13.7375
SL: 17.19
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Daily Chart of NiftyIt seems the Nifty is moving in Rising Wedge pattern from the lows of 7511 levels.
According to this pattern next target on Nifty can be around 10500-10600 where 61.80% Fibonacci level for entire down-move is lying.
View is negated below the levels of 9500-9600 levels.
For educational purpose.
@jagrutshah
13/06/2020Same chart as the last update but looking more and more likely to be a breakdown and a test of the lower levels of support, possibly the 200MA.
If the institutions have their way, and let's face it, they are gaining more and more control over BTC and the market movements, I could see this go in the same direction as the traditional markets. As the institutions come in deeper and deeper from the stock market, they also bring their problems with them... Something NO Bitcoiner needs!
I just hope we break this savage cycle and keep Bitcoin and cryptocurrency as the future of financial freedom, not just make these markets another object for the Big Money and Governmental institutions to manipulate as they please.
A rant about the current eco crisis but off topic..
I am waiting for the close of tomorrow, or as it being the weekend, possibly CME open on Sunday/Monday, just to see if we have a gap to fill. I think next week will be the be all and tell all of the direction of where Bitcoin price is headed, although my bias is now again bearish .
Thanks!
Daily looks bullishAs you can see we are in a big ascending triangle, rsi is forming and respecting to the triangle and macd is finishing the triangle(It shows range is over).
We are in bullish trend because we had cross over in ichimoko and also price is above the cloud.
The trend will start after a little correction which would be in 65 area, and the target after breaking 69 would be in 76.
I looked in history for it, 76 in daily chart is one of the strongest resistances.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Ok lets check high time frameWhat do we have here?
Triangles, a lot of touches, a lot of cross over/under signals, channels and support double top and resistances .
Alright guys as you can see we are in a big ascending triangle here, you can guess what I wanted to say about it, although we should see a double bottom here and I tried to show you the possible targets by the red circles.
As you know most of them are really strong and old resistances/supports in btc history.
I showed you different channels(bottom and tops) by different lines and triangles here.
Rsi shows an ascending trend, but its showing a descending in few days!(Possible break sign)
Macd couldn't break the last HH and it shows a divergence between macd and price!(downtrend signal)
We have support of ma's for now, we just have a cross over on 50, 120 and 200 but price is really far of ma plots!
Price would be touch ma 50!
Lets check some indicators.
BB
As you can see bottom line of BB showing us 8700 and top of it is showing 10200, we have support of middle line for now, and this is possible to see a touch on both top and bottom.
ichimoko
Alright, as you can see we are above the cloud but we didn't check the support of it yet.
So as I drown some circles to show you possible targets, and also strong supports there.
Personally I think we are going to see a big down trend here, as you see we were in ascending channel for more than 2 month! and we need a correction for it!(I said that 1000 times :) )
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
XAUUSD: BUCKLE UP BEARS! WE GOING FOR RIDE ON THIS DOWN MOVE :-)Hey There!
I hope y'all been having a successful trade week. I started off the trade week on a bad footing as my GBPAUD trade didn't play out as I wanted it to. I definitely realize the importance of price action and that not in ALL case the "set it and forget it rule" applies.
Now to the topic at hand. I have been keeping an eye on GOLD for the past couple of days and could no longer resist this sexy little set up. As you can see on my chart the pair has been steadily trending upward. Please ignore the PANIC SELL OFF that disrupted the trend due to early onset COVID 19 in the USA, because as you can see price came back up sharply and respected the Trend until it got into the resistance zone of $1,752. With multiple attempts to break and hold above $1,745, our trusty little trendline has finally been breached. The daily chart is showing a retest of the broken trendline and I'm definitely here for it!
NB: THIS IS A PURELY TECHNICAL SETUP :-) No Fundamentals taken into consideration--But I'm hoping that the NFP will bring the MOMENTUM and set the TONE (bear) for the MONTH.
So here's my plan: Short market order at $1,717.42. Since my take profit is ALL the way at $1,580, I'm willing to risk a little more to get the biscuit, so my SL is just above the resistance point at $1,755.
Let me know your thoughts on this trade idea by leaving a comment - Let's chit chat in the comment section. Please follow me for more awesome trade ideas and to get my thought process behind my trades. Give me a like as it's really going to support my content. Share with your fellow trade buddies.
Good luck and happy trading :-)