NEO 3D SUPER BULLISH!! [mid term hold] Shout out to Trip from cBc's group for originally charting this. I've been posting about NEO for a few weeks (so I don't feel bad about recharting it for those who missed it) the difference was that I only zoomed out as far as 12HR...
Looking at this 3 day macro TF... I mean, no wonder it's popping off right now.
It's a beautiful textbook reversal, and the fact that it's nowhere near 2018 levels yet... I think I'm gonna cum. And this is NEO, btw-- "the Ethereum of China," a large cap. Not a shitcoin pump n dump. Just a nice mid term hold. I don't even know why I'm trying to sell you on this right now lol the chart sells itself.
LISTEN, not even I can f*ck this one up.
happy trades! :)))
CD
MID
EURUSD updates to buy over the mid-termAfter I analyze again, just ignore the previous EURUSD analysis for correction and go back down. I checked again on the daily time frame, it turns out that the price has touched 1.19804 at the 50% Fibonacci Retracement ratio, and I can be sure that EURUSD will rise further.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Gold will go up in the mid-termI was wrong beforehand, it turns out that after being noticed on the H4 time frame, as there has been a contraction and expansion phase, it's just a matter of waiting for gold to rise higher. What do you think?.
Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
AUDUSD H4 sideways shocks.AUDUSD H4 sideways shocks.
After falling back from the high of 0.7820 on January 6, the AUDUSD rebounded after reaching low 0.7563 yesterday (February 3). The current price is still above the 0.7600 integer.
Since the mid-term ascending channel (dotted line) has been broken, and the MA60 is about to “death cross” the MA200, the chance of rising in the short and medium term has been reduced, and there are already multiple resistance prices above. The larger chance in the future is sideways shocks.
It is recommended to do a trading strategy of buying low and selling high within the interval shown in the box.
Shock Range: 0.7570-0.7750
Update: Feb.4th 2021
Reliability: 5-10 Market Days
Gold (XAUUSD) The Long-term trend is upGold (XAUUSD) The Long-term trend is up
After breaking the orange (dotted line) channel at the opening of the first market day of the beginning of the year, the gold daily chart fell sharply on the same day when the US Non-farm Payrolls data was announced on the 1/8th, falling back to the orange dotted channel, but still on the long-term upward track (Gray dotted channel).
By the Moving Average System, the current price is just between the annual line (MA200) and the quarterly line (MA60), which is considered to be in an embarrassing stage of no ups and downs, and a convergent triangle appears in the short-term form, as shown in the yellow triangle, which seems to be waiting Up/down breakout trend.
The long-term perspective, the current price is above the Gray dotted channel. Therefore, there is a higher chance of mid- to long-term growth. However, if the price clearly falls below the yellow triangle, holders of long positions should stop loss.
Conclusion: The med-term and long-term rise opportunities are higher. If the price breaks up/down suddenly in the short-to-med term, a breakthrough chase long/short chase strategy.
Jan.26.2021
Reliability: 10-20 Market Days.
USDJPY is still in the long-term downtrend channel.USDJPY is still in the long-term downtrend channel.
As the US Dollar Index weakens, non-US currencies will continue to appreciate, and the Japanese Yen is no exception.
On the picture, the H4 of USDJPY is in a long-term downward channel. Even if the Bank of Japan continues to block the rise, it can hardly stop the weakness of the US dollar. The yen will continue to appreciate along with currencies such as the Euro, Pound, and Australian Dollar.
USDJPY USD/JPY operation is recommended to go short on rallies, or if activists break below the resistance can be sell stop.
Jan.22.2021
Reliability: 3-10 Market Days
KSM/USDT - Short term HS w/ in Ascending Channel- Bounce for Up!Hello Traders,
We are seeing an ascending channel formed on the uptrend.
I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP and ride the price up. But it's always smart to have Take Profits set to control what you're keeping along the way.
When we get this pullback, I'm looking for a bounce off of the EMA 26. Short term, targeting the FIB 1.62.
Mid-term, I'm going to be targeting $120 +/-
Good luck!
Mid-term outlook / idea for GBPUSD 🔌Today I'd like to share my GBPUSD trade idea with you.
We're seeing Dollar weakness as at end of July. I expect GBPUSD to continue it's rally to in and around the 1.30000 psychological level. I also expect price to react quite strongly at this level, to push to the downside.
Potential downside targets can be in and around the 1.24500 level (550 Pips). Some confluent factors to this target are the channel and potential liquidity lying under the bars / wicks formed early in July.
After the retracement to 1.24500 I'll look to go long targeting the pre-covid level of 1.32000 for a potential 750 Pip rally.
something I'll be looking at for confluences - stronger DXY in upcoming weeks, as well as a rise in the yield of 10-year Treasury Notes. So lower prices!
But all of this is just speculation - happy trading.
BTC/USD Bearish AnalysisMy analysis for today is essentially the same as yesterday and really the entire week. The price has been consistently setting lower highs which screams bearish to me. The arrows I've left on the chart are from yesterday's analysis. I figured the price would either immediately drop or rally up to 9.4k and bounce off the resistance and fall down 9.3k. My timing was a little off but for the most part that's exactly what happened. This is just to reiterate what I said yesterday: if the price can't break past 9.4k and stay, I don't expect to see any significant price increases.
Yesterday (6/20) ended with a green candle which could be a reversal signal, but we've just ended today (6/21) with a red candle with a larger body than yesterday's. So far today's candle (6/22) is starting off strong with a green candle with a very small lower shadow. This could mean that there isn't nearly as much selling pressure compared to the last few days, which could be good for bullish activity, but again, the price has to break through several levels of resistance. That being said, it doesn't look like there is significant resistance between 9.6k and ~9.75k. Breaking through 9.6k could result in a rally straight to 9.75k - 9.8k.
Overall I will continue to be bearish (short - mid term) until we start breaking through areas of historical (within the last 2 weeks) resistance. The more we bounce off these areas of resistance, the less likely the chances of the price having a significant upward spike. This also applies for spikes to lower price points, but as it stands we are having a lot more trouble driving the price up than down.
Bitcoin is dead! Or isn't it?Bears will always believe they have the upper hand untill 20k breaks. Well, we ain't there yet and there are some big resistances to break before we will get there.
First one being 10k of course!
And what do we know about a horizontal trendline that has been tested week after week, day after day again and again? (Please think about the oh so strong 6k horizontal support line back in 2018...)
Yes sir, you are absolutely right! It will break and it will break in magnificent fashion!
Have fun trading guys, keep it safe!
Crude oil mid-term trading outlookWTI crude oil prices rose significantly with a very modest rally in the last few sessions!!
on D chart, we can see that the price seems to form an inverse pattern of head and shoulders (Unusual) suggesting a possible continuation of the signal with a positive trend.
however, the move may be corrective because the price may form a continuation pattern or (Pullback) to the downside..!!
the potential targets are fibo50% and Fibo61.8%
Taking into account the previous AREA GAP DOWN. :=)
P.S.
Personally. I work only intraday:=)
Good Luck Folks.
BTC: Elliot Impulse Wave completed: Correction InboundHello All!
By taking a wider view point, we can see that BTC has cleanly completed a 5 point Impulse Wave up from COV-Crash lows, meaning that we can keep our eyes peeled for a corrective wave to Short on. Targets are taken to enter at Donchian break lows on 3H timeframe, or the risk-takers may try to add shorts at 7.5-7.7K range. SL target is the current recent 3H Donchian high but would advise implementing a trailing stop position for this, or some careful monitoring given the potential market volatility in this period.
TP has been placed along the downtrend created by the Corona-Corrective wave from December/Januarys bull run, which also neatly fits into a 50% Retracement of the Impulse Wave. Again, I would suggest a well-adjusted trailing stop and/or careful monitoring.
ATR has slowly settled down to pre-crash levels suggesting the capability for another major swing, and trendlines have been very well respected by BTC recently. Market news, especially from the U.S has been overwhelmingly negative recently and it may be time for another round of 'pricing in' said news.
Please Note: Major Trendlines on this chart are established using Line/Area graphs for clean price action and noise filtering. Heikin-Ashi has been used to publish the idea, but I find that focusing trendlines on crazy wicks isn't a good focus and that trading based on where the price was for 1 minute out of a 4-8H period can lead to very off targets.
All the best!