STOP LOSS TO BREAK EVEN + SOME PROFITNo point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now.
Updates to follow.
DAY
Crypto Currency | Bitcoin Follow upThe Bitcoin has crossed the level predicted at 10,354 (now 10,388), leaving us with a 9% profit for those who closed their trades at the level 10,354 for roughly around 4-5 days.
The BTC has also crossed the resistance level of the triangle, which indicates a strong breakout, and the market shows a strong Buy momentum, which might indicate a potential of reaching a new high at level 10,800.
Closing 100% of the trade at this level will still be profitable, but maybe for some, a good move is to close 50 of the trade and hold the other 50% with a free risk trade (stop loss at the level where the trade have been bought), where the second take profit target would be at level of 10,800
GOLD, XAUUSD-Day...End of (1st ?) Uptrend ???Uptrended via...
3rd wave (Primary, Black circle) = 261.8% projection of w1.
and ...5th wave = 161.8% projection of w1-w3. + AO-convergence of w3-w5 (green arrow, yellow-slate blue column) and bearish divergence within (red arrow).
Wait and see for open LONG around w(4)....@1400+- USD.
#XRPUSDT Up or Down From Here?- Bullish break of the 200 DAY MA on great volume.
- Currently consolidating nicely above cluster of daily candle closes back in Dec. '18 and April '19
- Possible Bull Flag Formation short to -mid term and ascending triangle pattern.
- Still possibility to Retest 200 Day MA confirm as support if BTC Dumps
GBPUSD BUYGBPUSD has had a large drop and has just bounced off a day support it has reacted to twice recently. On 4hr time frame theres a big bullish candle, on 1 hour time frame theres a support forming for a possible head and shoulders. head and shoulders mar or may not complete but still a buy from this level in my opinion.
Note: I've made a youtube channel that does not yet have any content but at some point in the future i'll be uploading videos about my trading journey and some educational content if you'd like to subscribe now and be the first to see it when i upload. Youtube: Flynnex
TSLA Weekly AnalysisBear breakout of TSLA, but increased and climactic selling last week and gap down this week. Likely a sell vacuum test of the $180 low. The $240 gap above will likely get filled over the next few weeks to months. The bears need a strong breakout below 180 and 140. Otherwise bears will start to take profits and bulls will re-establish long positions. What happens when strong bears and strong bulls buy? The market can only go up. Unless the bears can demonstrate significant strength here, the bulls are more likely to take back control within the coming weeks. Therefore the next few weeks are important for both sides, and will likely determine the direction of the coming months or even years.
USDCHF SELLUSDCHF is at a key resistance area and has had a big rejection to below the other day supports. On the 1hr time frame there is a bearish channel. The day chart is also at the 30EMA and has been rejected. Down from here at least to the target, in my opinion.
TP 137 PIPS
SL 50 PIPS
RR: 2.7
Note: I've made a youtube channel that does not yet have any content but at some point in the future i'll be uploading videos about my trading journey and some educational content if you'd like to subscribe now and be the first to see it when i upload. Youtube: Flynnex
EURJPY BUYDay chart has hit a major support and 4 day candles have respected it. The next few day candles, in my opinion will be bullish. The Target is at the next day candle closing price resistance and the stop loss is below the day candles respecting the support. The target profit also lines up to where the 30EMA should end up.
Note: I've made a youtube channel that does not yet have any content but at some point in the future i'll be uploading videos about my trading journey and some educational content if you'd like to subscribe now and be the first to see it when i upload. Youtube: Flynnex
GBPUSD Bullish Gann Cycle to begin- 120 Gann Cycle of the Inner Year. From the swing low on December 12th, 2018 to the open of April 19th, 2019 is 128 days. Gann wrote that the 120 day cycle should be watched as a low/high countertrend, especially if a high/low was found at 90-days. There was a high found in the 90-day cycle, so this 120-day cycle low is in.
- Gann Date of
- Full Moon on April 19th, 2019. GBPUSD is extremely sensitive to Full Moons at swing lows. In fact. Moon was perigee on the 17th.
- While the trend looks bearish in the short-run, there is some hidden bullishness here not seen on any other charts. The current Gann arc has acted as major support for the GBPUSD pair ever since it cross above it back on April 1st.
- 2/8th inner harmonic pivot at 1.29967 is a major support zone and should generate violent price reversals.
The most important thing to note here is the convergence of the Gann 120-day cycle, Moon perigee and the Full Moon. That time cycle alone would generate a powerful move. But when it occurs against key geometric and harmonic price levels, the move is exacerbated. Expect some powerful swings next week.
This trade continues where my March 13th, trade idea left off. Shorts covered today from that bear move, converted long.
Litecoin (LTC) | Its a bargain | BUY BUY BUY Alert: LTC
Trade: $LTC Purchased
Leverage: Yes (3X)
Price: $72.40
Exchanges: Coinbase, Huobi, Bittrex, Binance, Bitmex
Play: Bottom Feeding
Stop Loss: $55.00
Target: $120.00
ROI: 65%
Risk: Medium
Note: $LTC is currently down -28% from hitting its peak of $100 recently and being a top runner. It’s also one of the only green coins while everything is down. On top of all that $LTC holds 3X more volume then the two coins ranked higher than it (XRP & Bitcoin Cash).
I believe Litecoin will slowly claim back it’s #4 ranked position. Should be over $5 Billion in market cap.