Drrawlings
MY MID-TERM TAKE FOR NASDAQ100Following a double-bottom(W) pattern formation after a BEARISH move, I do believe that this asset will rally up gradually for a while.
The yellow line indicate my bias on how this asset is likely going to move with my TP target at the height of the Left arm of the W-pattern
If the asset eventually retrace down to activate my entry, my Risk/Reward ratio will be 6.6
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WHAT WILL ETHEREUM DO NEXTFollowing the rally up for cryptocurrency last week till now. I am very careful with my entries now
I am observing this asset. if it eventually break the resistance trendline, I will wait for retest and short it to around $1600 which is the neckline of the double-top pattern
MICROSOFT CORP STOCK LOOK BULLISHMicrosoft on forming a double bottom on 1H time frame, It is possible this asset may ride up from its current value of $248.59 to $264 zone.
With proper entry, the risk/Reward ratio will be 1:7
There is no guarantee and this is the reason for always setting SL
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MY OPINION ON GBPUSDMy bias is displayed on the chart. I do hope that the M-pattern on the chart will likely come to play.
To be on the conservative side, I will only enter sell when the neckline of the pattern is formed. My SL and likely TP are depicted on the chart
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BITCOIN (BTC) IS ON A DOWNWARD RIDE Hey there, crypto enthusiasts! I have got some juicy updates on this particular asset that you might want to sink your teeth into.
Unfortunately, things aren't looking so hot right now. This poor asset (BTC) has lost over $1,700 after the neckline of the double-top (M) pattern broke. Ouch!
But don't lose hope just yet. The last candle was a BULLISH PINBAR, which could indicate a possible bullish pullback to the neckline. If the current daily candle closes above the pinbar, we might see the asset make a comeback. And if it does, my target will be the $21,000 - $21,300 zone as TP.
However, if the asset eventually pullback to the neckline, I'll be playing it safe and shorting BTC from the neckline of the M-pattern. My TP1 is set at $19,600, and TP2 will be the SUPPORT TRENDLINE
But let's not forget to keep an eye on the $18,400 zone, as it could provide some strong support.
So, what do you think of BTC's current situation? Let's start a conversation in the comments section! And while you're at it, be sure to follow me and share your thoughts.
Let's ride this crypto rollercoaster together!