EURUSD Fakey Set UpNice Fakey Set Up , When price returned from going outside the mother bars low then closed with in the range of the mother bars.This generates buy signal.
Hikkake
Bitcoin Daily Update (day 237)Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018.
Previous analysis / position: Tempted to add to short due to symmetrical triangle breakdown and retest. Did not due to new stop loss approach that was outlined / Short USDT:USD from 0.0968 and short ETH:USD from $200.50
Patterns: Wyckoff Hinge
Horizontal support and resistance: S: $6,390 | R: $6,415
BTCUSDSHORTS: Continues to support inside triangle
Funding Rates: Longs pay shorts 0.0201% | Has been 0.01% for weeks, this indicates an imbalance building.
Short term trend (4 day MA): Todays candle closed above MA (bullish)
Medium term trend (4 week MA): Price right on MA (neutral)
Long term trend ( 32 Week): Bearish
Overall trend: Chop
Volume: Weekly volume is at a yearly low
FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351
Candlestick analysis: Weekly doji
Ichimoku Cloud: Did get close inside 12h cloud (was not expecting). Top of cloud is around $6,700 | 4h cloud shows strong resistance at $6,411
TD’ Sequential: If weekly close below $6,591 then the setup will continue
Visible Range: Looking back to September 6th (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 | This is also the highest liquidity zone for all of 2018
Price action: 24h: +0.025% | 2w: +3.68% | M: -0.68%
Bollinger Bands: Today closed above the daily MA for the first time since Oct 9th. Top band in lining up with trendline
Trendline: At ~$6,600
Daily Trend: Chop
Fractals:Up: $6,792 | Down: $6,057
RSI: Stuck at 50
Stochastic: Daily is turning over and diverging in a bearish manner while price stays flat - hidden bull div
Summary: Watching for a potential bearish hikkake on the 12h and 4h charts. If that happens it would also line up with a breakdown of the 12h cloud. An inside bar just closed immediately following a fake breakout. If the next couple candles rally on low volume then the setup would be evident. A brief breakthrough of yesterday’s high ($6,468 on Bitmex) and then a quick reversal below $6,385 would be confirm the pattern.
I have added to the stop orders that were outlined in yesterday’s post . A new order has been placed at $198.40. If that triggers then I will be moving my original stop to breakeven and expecting prior support to turn into strong resistance.
DTQ Energy Breaking TrianglePossibility of Triangle Breaking for DTQ
Price Bouncing 50EMA,20EMA and 100EMA with Bullish Hikkake Pattern on Weekly Chart
NATGASThis market has put in a potential lower high after pulling back 50% of the downswing.
Look to short if break blue line which will trigger hikkake.
AUDJPYMarket pulled back to the previously rejected resistance zone.
Potential bearish hikkake setup to be triggered below 85.35, which will coincide with break of trendline.
However, will be careful in adding exposure to JPY pairs. GBPJPY and NZDJPY still running.
NZDJPYRe-test of broken trendline with three rejection is past 3 hours ending with a hikkake pattern.
Does seem like an opportunity to short here if not short yet, with good RR.
AUDUSDHikkake pattern setting up at potential resistance zone in H4.
However, market has been making higher lows and possibility of break out higher is definitely there.
Target 1: around the trend line.
Target 2: above potential support zone.
NASDAQPotential bearish hikkake setup around key level. Will have prefer a smaller range of mother bar.
First target will be the next key support level.
GBPAUDLooking for potential bearish hikkake setup to be triggered.
In daily, there is a bearish pinbar at resistance zone.
EURAUDBullish hikkake at support zone potentially to be triggered today.
This support zone has been tested many times. So it may not hold. This is something to be considered before putting in a long order.
USDJPYPotential bullish hikkake setup at support zone (tested several times, may just broke down this time - never know).
This is a trend reversal trade.
JPN225 (Nikkei)Market at interesting location - 100ema, DTL, re-test CTL.
Bearish hikkake setup will be triggered under 16199.
A daily close above 16634 and will start looking for buying opportunities.
USDJPYPotential bullish hikkake setup if price breaks above the high of IB on 7 July.
This is a counter trend trade.
AUDNZDGood area to look for short as bullish traders may have been trapped trying to buy on breakout.
Those who have shorted below 1.041 may also have been washed out.
Target here is just 1st target to TP for half position.
Now just wait for market to suck me in.
NZDUSDMonitoring for potential false breakout above IB and to set up hikkake with short below 0.6985.
That may also form somewhat a H&S pattern.
EURUSDIt broke below the channel and retested previous support, now resistance.
False break out of IB yesterday, setting up potential hikkake.
