BTC BEARISH 1H ORDER BOCKHey traders,
BTC has been moving down ever since a bearish orderblock was formed earlier today. price has tried to go back to that level, but rejected the orderblock and gave us some nice bearish conformation. I see price potential going much lower, maybe to around 30k (follow for updates).
If you found the analysis helpful follow and like, and as always happy trading!
Daytrade
wti shortHey guys!
Trading should be simple, when you over complicate things you are usually way to attached mentally/emotionally to a setup/trade.
Here's WTI.... OPEC coming up again tomorrow with the first meeting being a solid "nothing", and that "nothing" helped us form a pullback, but that pullback resulted into a lower high... meaning this is now a solid bearish setup.
We are short on WTI and you can see why,
- bearish wedge
- Lower high on RSI
- Lower price action high
- Double top rejection
Good luck trading!
[Trade Review]How I traded $SQ, $HD HUGE FUMBLE, $TLRY, $MSFT, $In this video I will reviewing trades I took on June 29, 2021 which were $SQ, $HD, $TLRY, $MSFT, $baba Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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BTC Needs to do this. Hey all,
Lately people are being even more emotional than usually within the crypto industry. Many think that trading this market is very risky and requires you to be at the charts every single minute of the day. However, those that are doing that are trading with
insane amounts of leverage to push this market up and down. Which is fine in my opinion if you know what you're doing!
Let's talk PA, currently the weekly chart is looking beautiful, located within our key area of weekly demand together with the weekly 50EMA as extra confluence to go higher from here. By utilising multi time-frame analyis, we can see that the
Daily time-frame created demand as well after the trendline breakout, however price is still not moving rapidly to the upside... we are truly in a ranging phase.
What BTC needs to do to confirm a trend back up is to break atleast above $37000, if so the full market can go back in a great up cycle in my opinion. However the issue here is that normally based on the historical data since inception
of this chart, the average corrections of BTC are normally deeper which means that BTC can break 30k and if we go below 30k with a daily close I see it tank to 20k easily. Few months back I told people that 10k was possible in the bearish cycle and
maybe that is a bit far but I remember it going from 20k and calling around 3k as well. Let's see, be ready if you're not positioned and want great prices, be careful if price break 30k.
For now I am bullish and I've allocated more of my capital towards Crypto, besides my normal holdings in Stocks and the normal portfolio in FX.
Kind Regards,
Max Nieveld
NZD/CHF Long - 21 May 2021 | Hybrid Move Result: -1.00%Hey All,
The trade initiated from a Daily Counterzone stacked with a clean area of weekly demand as well perfect in my opinion with the main idea to break the daily trend and
continue the higher-timeframe bias to the upside. Overall the setup was pretty complex due to the Counterzone analysis, yet clear enough to find and edge.
The 4hour strategy was executed after price formed a clean star formation and exploded to the upside after some more deceleration. The 4hour started to create a small double bottom formation
with our automatic Hybrid Strategy entry when the 4hour star closed. At the daily time-frame prices reached the downward sloping trendline formation which was never broken to the upside, instead
price moved towards the downside creating a deeper daily lower low and continue the trend.
Good trade, good edge.
BTC Short EntryHey Traders,
BTC had a small bounce as predicted and now we are rejecting the cloud which is acting as our dynamic resistance, this is also supported by our 0.618 fib level. As always practice good risk management, and happy trading!
Also please give me a follow and like if you found my analysis helpful!
BTC BEARISH STILLHey Traders,
If you saw my latest idea on ETH and took a trade congrats, it played out exactly as I predicted and while not every trade is going to be perfect, we managed to get one there. As for BTC, we haven't moved down as much as ETH as of now which means we have more potential downside, possibly to the bottom of the cloud/1 fib or much lower, such as the support at 31100 or the 1.618 fib
Is the Forex Euro Selloff Over?Hey Traders so in my last post I had mentioned that the Euro could be topping well amazing as it is the charts were right!
Of course the FED also helped by saying they are going to raise interest rates in the future.
Does this mean the charts are the Holy Grail of trading?
Ha ha ha I don't think there is a Holy Grail in trading but lets go back in time today to see why this trade worked out the way it did.
I will definitely be shorting the Euro now on every pullback as I truly believe the tides have turned for the market. I think could be just the beginning of a new bear market.
Where does everyone think the Euro is headed?
Enjoy!
Trade Well,
Clifford