Fractal
iiiinteresting - ETN/USDTha this is an interesting and tricky one, as a count. - i think it was corrective until where i scribbled out, and you want to call that second high up off of the floor the minor 1 top, i think in actuality, the first top was the minor 1 and then it popped an x wave up to the 2.618 of the top - but because it did that on the minor 1 there's a high chance it will do it again at the top of the macro 1, because impulsive moves in crypto tend to be highly fractal, so that makes it a good trade from here
Short Term Distribution Bearish XAUUSDShort Term Distribution is showing us that we are likely to move to the downside with the formation of the Test. I aim to take this short to 2300 but managing risk is always important in any position.
This setup is 7/10 however i would still risk 0.5 or 0.75% for this setup. And if fails go for the one above as im confident in this schematic.
We are in a long term accumulation which is what we do have to take into account so looking for the point where we pivot to the upside and take profits in this short is what i would suggest using fibs or other methods.
This is not financial advice , trade at your own risk.
USDCAD Trading Plan - 09/Jul/2024Hello Traders,
Hope you all are doing good!!
I expect USDCAD to react from the highlighted zone.
Currently USDCAD is correcting for another leg up, however, I am still seeing one more down after this leg up to complete bigger structure.
Plan to Trade:
If market gives bullish reaction at zone, I am a Buyer till 1.367 area.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
07/10 QQQ Levels and ATR RangesATR for the QQQ siting at 5.14 - WE have 10am and 1030am reports on Crude and Gas from the FOMC, Powell still testifying about the economy in front of the senate. 2nd quarter earnings are on the way this is going to a be busy month.
Looking for good reports to come out of tomorrow, so they might be buying up the Momentum into these reports tomorrow. But they might also be selling to bring it lower to bring it back up again.
If we get a pullback, I would expect it into the 496.24 area for Yesterdays low range, if we break that, then potential 495.50 for the weeks low.
I will follow the ATR lines and look for Volume and price action along with the EMAs to help gauge a potential direction.
We are now dancing premarket dance around yesterdays high level of 499.81 (52 week at 500.00 EVEN). if we bust through that area after open, following my scalp lines and levels up to 500.48 to 501.82, potentially 502.30. If we get there, I believe the fight for 504 in underway.
God bless and good luck everyone.
$USDT Dominance USDT Dominance is grinding up slowly with significant volume and is currently trading above the daily ema200
If it can stay above 5.20% level, we may see further upward movement toward 6.20% as the first level of resistance
If the momentum sustained, I won't be surprised if will going to hit 7.50% to 8%
We know that USDT.D is inversely correlated with Bitcoin. If this would be the case, we can expect BTC trading 40k region.
Shiba Inu SHIBA lot of folks asking about Shiba Inu at the moment. At this time on the above 2-day chart price action has broken from resistance that began in October 2021.
The question most want answered: Will Shiba (Bro..) pump 1000% like in 2021 from late September until late October? No idea. Anything is possible.
Is it probable? No. Why do I say that?
Let’s look left. Back 2021 there were certain conditions that printed specially on the 2-day chart. Those conditions were:
1) The BTC pair of the token
2) A strong buy signal
3) Strong bullish divergence. Huge.
4) Stochastic RSI was 50+ at the time of the above conditions.
Do all those conditions exist today? No.
Do those conditions exist on other tokens today? Yes.
Yes indeed. As a matter of fact there are 16 tokens currently listed on Binance printing those exact conditions. Two of them have already ‘popped’, GALA and SOL.
What are the other 14? Get this post to 500 likes and I’ll share them below!
Ww
Remember:
Type: trade
Risk: <=6% of portfolio per position.
Timeframe: don’t know
Return: don't know