Downtrend
GBPAUD I Update - 140 pips to upside and what's next!Welcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
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GBPAUD I It will rise to resistance +200 Pips Welcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
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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Thanks for your continued support!
USDJPY Short ideaW can see price is trading nicely below the 200EMA and within the channel on the 4H. With the collapse of the US economy and slow death of the USD, would be a nice 1 to hold for the long run and more entries on pullbacks, but for now:
Entry 130.00 - 130.336
SL: 131.500 ( a bit above the resistance zone)
TP1: 129.700
TP2: 129.250
TP3: 128.920
TP4: Open
WISH: FOLLOWER REQUEST / SQUEEZE??? / CONVERGENCE / LOTTO PLAYDESCRIPTION: In chart above I have included an analysis of TICKER SYMBOL WISH as per follower request. Despite it's short market history since IPO price action has seen plenty of volatility and has broken many fundamental supports and has fallen into PENNY STOCK TERRITORY. With that being said refer to FULL CHART LINK DOWN BELOW to see what I am talking about.
POINTS:
1. CURRENT DEVIATION is at 0.9.
2. Ceiling for current price action stand at 4 Points while new floor threshold stands at 0.4
3. DOWNTREND MOMENTUM has given way to a DESCENDING TRIANGLE PATTERN.
4. MA'S indicate a tightening of price action (MA LEVELS = 45, 100, 200).
5. MACD indicates POTENTIAL SQUEEZE UNDERWAY with little DEVIATION from MEDIAN.
6. RSI currently does in fact show signs of overbought pressure with current levels oat 64.97.
IMPORTANT: In order to exit PENNY STOCK TERRITORY price action must eventually rise above 4 points to once again be in congruence with previous ALL TIME HIGH.
SCENARIO #1: In a bullish scenario I would only consider a long position if price action is to break above 1.0 to the upside this would confirm current setup and can give way to a potential squeeze.
SCENARIO #2: In a bearish scenario I would consider a shorting position if price action falls anywhere below 0.4 and would not hold any actual stock at that point.
FULL CHART LINK: www.tradingview.com
NASDAQ:WISH
✅CAD_JPY NEXT MOVE|SHORT🔥
✅CAD_JPY is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below
SHORT🔥
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CAN WE SEE BTC AT $20K LEVEL AGAIN?!Answer = Yes!
Everything is possible, but going to $100k level in the next few months, it's hard ( not impossible ) to believe that after BTC halving 2020!
On March 2020, BTC was preparing for up-trending, started at $4k level, new investors were excited to enter the market at $25k levels. The old investors, exchange markets, miners were ready for the gold moment, the moment which they would sell every single BTC at highest price. Pushed news and tweets from public figures and boom to ~ $65k level!
That scenario happens before every BTC halving with a new flavor, but ( Halving 2020 ) was spicy with Elon and Jack tweets.
What's done is done, every new investor bought BTC at $65k, should wait for the next round, because you have been replaced with an old investor order ( SELL - Old investor vs BUY - New investor ). You can gain some profits by trading ALTS/BTC pairs or scalping with BTC/USD at your own risk.
- We have to break up $77k levels to see a new record to $100k.
- If we doesn't break up $52k levels, we will see $41,500 levels again.
- We have to break down $27k levels to see $20k levels again.
- ALTS follows BTC, and the market in down-trend.
BE BOLD AND DON'T PANIC
DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
DOTUSDT $8.5 is a worthHi traders, I'm showing to you a more comprehensive daily chart after a weekly from yesterday w/ the Fisher Transform oscillator to approach one more undoubtable signal in confluence to the price action monitorized by the downtrend condition below 20 Volume Weighted Moving Average plus Fibonacci Retracement hidden strategy which uses the 14.6% golden ration subdivision level to a highly assertive target. 8.4USD is a worth and, during that trend volatility, a lot of desinformation will came with a potential dopamine explosion along propaganda content from YouTubers exchangers' employed guys. There's not pure predicting here but a highly concise technical analysis based on strong confluences correlating price and volume in a educative form - don't means that I predicted the future. And I'm not an identitarian fanboy, so I don't care about sentimentals.
Looking to sell US30 back down to key areas notedYes we are Back.
It's been a while, here is our trade idea on the US30 this afternoon
Lets see what the volatility this afternoon has in store for us.
If we clear the range we see no reason why the DOW cant have another leg down similar in size to the one preceding this shrinking chop box.