LITECOIN - Purple War Zone!Litecoin broke the 300.0 round number. WHAT NEXT?
LTC rejected our upper brown trendline so as it approaches the 300.0 again, which is now turned into potential support, we will be looking for buy setups.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Following
XRP/USD NO NEED TO RUSHAnalysis: Right now patience is the key on the market, there is no need for huge spikes to the upside. A constantly growing trend will do the job if a lot of people are interested of buying. A lot of analyst posting about 50/50 chances about the price to go up or down, it's always the case, but we need to be 1 step ahead before the price action. If you wait until you see a huge price rise, you miss the low risk-reward opportunities from buying now safely with a stop loss of 1.10$, and you will start buying at 1.6 or even higher to catch the rise and you will have a nonsense risk reward ratio on the trade. As I shared my chart about my last long position you can see that I entered at the bottom of the correction from 1.2$, so our stop loss is at 1.10 in case of a sudden flash crash. I am not speaking about targets right now until we will go higher than the previous high. If it takes a lot of time to get to that top again, it will offers us higher price targets as well.
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NASDAQ100 1986 to PresentThe NASDAQ Index from 1986 to present day monthly chart.
Here we can see the 2000 dot com bubble, the 2008 crash, the 2018 tremor, the coronavirus crash, and the 'to present' recovery and continuing bull run.
This is a monster swell! And when this wave finally breaks over, there's going to be a monster crash.
QQQ Very Strong Bull Run ContinuesThe overall market and we know is on a real knife edge. I currently do not hold a weekly position in QQQ which I'm kicking myself for right not but there you go. My general approach to the market right now is taking buy positions on the weekly chart buying after the dips and looking to close at the end of the week to avoid dips that may become crashes.
#NULS : Short term Short Profits- Falling wedge already broke out.
- 1st wave already done and going to build up a retracing 2nd wave and a spike third wave.
- volume needs some more pressure.
- RSI at 66 which shows there is still some space.
CONCLUSION :
It is actually a very risky move since it have both a downward and further upward move probabilities.
Trade cautiously with a strict stop loss policy and lets see what we can get from this.
Entry 1150 - 1205 sats
Short Term Targets
T1 : 1253 sats
T2 : 1379 sats
Mid Term Targets
T3 : 1469 sats
T4 : 1680 sats
T5 : 1980 sats
T6 : 2363 sats
Stop Loss
- For Day Traders : 997 sats
For Mid to Long Term Hodlers : Close below 833 sats.
ZOOM Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: ZOOM is sitting around strong trendline in brown so we will be looking for trend-following buy setups on lower timeframes.
on H4: ZOOM is forming a trendline in red but it is not valid yet, so we will be waiting for the third swing to complete around it consider it our trigger swing.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish and can still dive a little below the brown trendline. or till the green demand zone.
Good luck!
DOW JONES - Don't Sell Now! - video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US30, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
NASDAQ Long-Term Possible ScenarioHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: NASDAQ is sitting around its all-time-high and 140.0 round number in blue so a reversal may be expected from here.
As you can see, this one formed an objective trendline in red and a valid RichBomb setup (orange dots)
The bearish movement would be confirmed after a momentum candle close below the gray area (the entire structure)
and until the sell is activated, this one would be overall bullish and can still break above the 140.0 round number to reach 150.0 before going down.
As price approaches our lower green support and round number 100.0, we will be looking for buy setups.
Good luck!
GBPAUD Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GBPAUD is sitting around strong support in blue so we will be looking for buy setups on lower timeframes.
on H1: GBPAUD is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish.
Good luck!
S&P - US500 video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!