If I hear "The bottom is in" one more time I'm gonna run my nails down the chalkboard before erasing the rest of Bitty's vaporous LT gains. It's a BEAR MARKET and the carnage isn't over, but bulls never learn and the fundamentals mean nothing to speculative and pleb news craved junkies. 1. Long bottom wicks ENGULF, more times than not. So guess what? More down...
OK crew, if you've been following my previous XRP "Stick a fork in it" idea, we made some pretty solid moves that really focused on ; A. Scalps and light profit taking B. Wealth preservation and keeping the portfolio in steady growth C. General price directions on the daily, which we nailed gloriously So moving to the new idea here (bonus if you got the library...
After several breakout attempts DYDX rejected at $1.53 resistance. If selling pressure withdraw in conjunction with a BTC short-term recovery, it will hit $1.62 strong resistance. $1.53-1.62 are perfect levels to look for shorts. The revisit at the ATL is inevitable.
Price has broken below a major support zone and has also formed a long wick bear candle that has rejected the 8 and 50 period moving average. I expect price to fall a good amount of pips. This is a long term swing trade that most likely will take days to play out.
Due to economic news this morning the dollar has gained strength in the market, also because of interest rate hikes. This is causing the gpb/usd to fall. Price has rejected a resistance zone with very long wicks on multiple touches without breaking. This pair is looking very bearish.
These bottom wicks are pretty consistent when it comes to engulfing price action. Expect that area to fill. Lotta salty bulls right now and I hate to pour more salt but it is what it is. * * * Not Investment Advice * * *
As I've said in previous ideas, those long flash wicks down, tend to engulf and the last long wick was no different as we're seeing trade activity explore the lower breach. I'm neither bull nor bear as I take scalps on any action up or down BUT I see regulatory issues becoming problematic for crypto as a whole and the weight of dark pool liquidity being used to...
Keeping stop above entry, would really like this to be the bottom of the late unpleasantness, but selling continues to be relentless. No doubt sellers are trying to drive price down to 50K or lower. 50k is psychological support for "normies" so I think it is worth trying a long from here with a tight stop. Don't lose money on things like "the big magic number has...
After that huge rejection, it's heading back to support
I am excited to present a very effective scalping strategy for this pair within these zones using the 4 hr and 1 hr charts. The blue lines represent strong resistance and red represent strong supports. This strategy is played within this high trading zone. To find entry points using this strategy I will use the 4 hr chart. The 4hr chart with these key levels...
WE HAVE BEEN IN A CHANNEL ON EURJPY SINCE THE START OF THIS YEAR, AND IT IS MAKING A PUSH TOWARDS THE 126.00 LEVEL. AS USUAL AFTER A RE-TRACEMENT WE LOOK FOR A FAKE OUT AND WE GO LONG AT THE OPEN OF THE NEXT 4H CANDLE. ALWAYS MANAGE YOU RISK AND ADJUST YOUR VOLUME ACCORDING TO YOUR STOP LOSS AND NEVER RISK UP TO 2% OF YOUR ACCOUNT ON ANY ONE TRADE. NEVER EVER...
Hello traders, this is a simple trend following and Candlestick trading pattern on CHFJPY which works only on the 4H time frame. After a move up, we have a re-tracement and price returns to test a psychological resistance level which is the only resistance levels i use in my trading. Remember this strategy also works very well with diagonal trend lines, it also...