Here's where you might find your tickets to the LUNA or UMA Moon
I am visiting the charts on the hunt for tickets to the LUNA/UMA moon.
Entry
GBP/JPY - 24/02/2022Good morning traders, were back!
Been a pretty slow week so far only managing to capitalise off partials while price has been trapped within a range on the H4.
We have seen GBP start to explode out of consolidation yesterday morning.
Are we going to continue this bullish momentum to set lower lows, let me know your thoughts below.
SAND : GREAT PROJECT BUT NO ENTRY POINT FOR ME RIGHT NOW HEYY it's me again i hope you're doing great for today's analysis i want to let you know that the sand is a good project i am absolutely a big fan of it and il waiting with patince for the best entry point . as you can see in the chart i used the fib retracement to see how much did it lost from the las uptrend rally . and as you can see it lost already 60% of it's price but the thing im curious about and that made me really suspicious is that the price is aiming for a new lower low to complete the wave and cosnolidate a little bit then go for a new all time high not to mention that the RSI is showing an absolute downtrend until it reaches the areas of 20 or below then you can acces the trade carrefully don't buy with 100% of your capital . always buy on stages and trade on your own responsability . thank you and im all ears .
POLYGON MATIC : DON'T BUY UNLESS IT TOUCHS THIS AREA hello guys for this little analysis i made i used the fib retracement this is for long term holding not for scalping i used the one day frame as you can see the price is at the golden area 0.6 . it mean the price already lost 60% from the last ath ; it a very good entry point but the market is still messy no one knows where we're heading . i also used the rsi and the macd and they both show that the price will potentially stil go down to the support that i marked with the callout note . so please be cautious and in my opinion i think matic wil be the next 2022 coin that pumps . i have marked two entry points use only 50 percent of your capital and good luck if you want to add something or ask or comment or criticise please be my guest im all ears .
trade on your own risks
BTC corrected, now where?As I said yesterday in a post, BTC has corrected following a similar pattern from last year as indicated, I think we can expect a little more consolidation before we can see BTC move to $47k. As I said yesterday $42k will create opportunities for entries and thats what I've done. Remember to DCA in the event of a further crash, apply risk management. Short term I'm neutral but I'm long for the next couple days.
Trade safely
a short term long for your long term shortthis one is for the gutty. i am projecting the weekly candle to draw a higher up-wick, before closing around the mid 26xx region. such a close would mark the continuation of the short to 13xx in my aforementioned post(s).
trigger at 239x, triggered limit at 254x
target - 29xx
position at target - full close taking short entry
trade with caution
anything i post is at the very best, just an idea. it is not a suggestion for what you should do with your money, it is an archived entry of what i am doing with mine. any further correlation between our trades; including profit(s) and loss(es), is solely coincidental. my content is not intended to be interpreted as financial advice.
GBPUSD BULLISH ACTION POSSIBLETraders as we can see GBPUSD has hit a trendline break and retested right down to our daily bullish order block zone, we could see it drop lower into the next area and this could be a false breakout but for now we will be looking for confirmation to enter long positions. Good luck and Happy Trading Everyone!
Bearish Entry ExampleThis kind of price action happens all the time, you just have to spot it while it's happening so that you can plan your trade and execute. I have put this together to give you an idea of the type of things I look for in the hope that it can help you too.
Once price action has made a clear impulse to the upsides and taking out previous structure that's our first sign that the buyers are stepping in. Once we see some corrective price action we can place our fib from the high to low, mark out previous structure and identify the pattern that price is making to build a picture of where price is most likely to reverse giving us the best possible entry.
GBP/USD - 11/01/2022Happy new year, yesterday was my first day back to the charts for the new year. Hope you all had an amazing Christmas.
Kicking off my first post of the year with this GBP/USD set up.
(H4) - We are pushing into resistance on this pair for the 3rd time and I am expecting price to break out, regardless if this is a true or false breakout we can hopefully pull some profits from the market.
(M15) - As we are looking to capitalise on higher time frame momentum I want to see price begin to break the resistance and produce a wick to the upside. I will then be waiting for price to create a small pullback with a wick and then enter on the break of the previous candle high with stops below the key level.
What are your thoughts on this?
ADAUSD UPDATE - STRONG SUPPORTImportant things to note:
BTC either near a bottom or headed to 32k
I believe it is near a bottom. This does not mean price will just go up.
Retail is almost completely gone.
ADA price traced BTC perfectly with a test of support during BTC 54.5k level.
ADA price hit strong support during the wick fill for BTC.
This is similar to what happened before with my yellow triangle.
I have been buying. This does not mean you should. But I am.
Important dates to note:
Evergrande payments - (largest payment of 2.1B due March 23, 2022)
Hey everyone, I hope you are keeping it together during these past few days because most people have not. Though BTC can hit 32k, print a lower high and start a downtrend, I do not believe that will happen. Not for right now at least. What I believe is that institutions are using the derivatives market to push price down, slow down the trading, and take the price of BTC right to the edge of the cliff in order to flush out any retail traders that are left. From there, with the low trading volume they can move the price where they want so they may purchase, pump up the price a bit, and let retail take BTC to high levels while they sit back and the cycle repeats itself. This is how it is done, you can call it what you will. Now, there are plenty of reasons why I believe we have not seen the top of this movement yet and it does not have to be soon. Though, when it happens, you won't expect it. ADA has tested its support level when BTC hit 54.5 perfectly and moved to test the lower support level while it accumulates. This is exacly what I had planned for on my last chart. You can see the similarities from my yellow triangle. Price accumulates, gets pushed out of down trendline, then moves up. I have not added to ADA for a long time because I have so much already, however the stars have aligned fundamentally and technically, so I have added to my portfolio. I know there are tons of people talking about "don't catch a falling knife" and yadda yadda, however I trade very reserved normally and am very aggressive in situations like this. This does not mean you should buy since you and I are likely not in the same situation. I am entering assets and adding to my portfolio and the risk to me at 41k is very very low. I will be updating my charts with other entries areas that I am looking at and assets I believe will do well. Thanks again everyone!
So, tell me what you think!
This is not financial advice. Do your own due diligence.
The Problem with Breakeven TradesThe issue with breakeven trading is that when enough people are joining the market at the same place, be it a demand area or an order block.
Many traders like to secure their positions immediately.
This, however, creates liquidity.
Whenever a large group of people move stop losses to the same area, expect that area to be a target for the banks.
In this example, we can see buy orders being activated at an order block, a sudden push to make buyers secure their position, followed by a stop hunt of risk-free trades before continuing to the upside.
Do you ever get caught in situations like this?
BUY GBPCHFGBPCHF has given a reaction and we expect it to start abullish trend towards the next years first quarter. New entry levels are 1.22600 if price come retest this zone then it is a great place to go long. Our intraday stop losses are at 1.2211. Targets remains at and above 1.2500. Use proper money management. All the best and happy new year folks.
USD/CAD Daily Trend BreakA clean daily trend break here on USD/CAD on 4hr. Looks like price is retesting last swing high which is now resistance. Will it hold and reverse down to support and bounce? What are your thoughts on this analysis?...
I also see a double bottom, but i don't think it's strong enough for the upside.
AUD/USD Price Bearish ImpulseCan price continue this strong impulse. If price breaks 4hr support, I will be looking for the retest and bearish candle play before entry. If price resist 4hr support I will be looking for bullish candle play for entry. Let me know your thoughts and analysis on this play!
PCRX DailyNASDAQ:PCRX long setup:
Today's bar was very impressive and closed at the high of range and broke a possible trendline
The chart has a nice process over the last few months. Big bear trap in Oct followed by a higher low in Nov
20 EMA has crossed above the 50 EMA and they are both accelerating up
Entry above today's high at 59.36
Stop under Dec 16 low at 55.29
Profit target just under Mar high at 79.75
Risk/Reward ratio is 5
WOOUSDT - Long term entryHad a very long consolidation period with lower highs and higher lows, now almost back to the consolidation (order block) from before the move up.
A lower low in that consolidation zone with a divergence could give me a very nice (long-term) entry.
This consolidation zone also contains the POC (Point of Control) of the consolidation. This is where the most volume has been traded and thus is a place where historically bulls and bears fight for control.
Would be even more interesting in combination with a Bullish Divergence on the RSI.
Invalidation would be below 0.45.
This is where I start looking to re-enter - 42-46kHi Traders,
A non-video post for you all here.
Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again.
Time, price, pattern. That was the time aspect. Now onto price and pattern.
We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon.
Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen.
What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again.
Stay tuned and until then, trade safe all!
-Stew