#eurusd - Hitting potential re-buy zone (Retest & P-Q) 3DHi guys,
EURUSD did not manage to overcome the Yearly Pivot on 3D and has been declined forming a bearish engulf leaving overbought conditions. Anyways this is not surprising as this might bring the opportunity to find a Retest of the former broken trend line and the Quarterly Pivot Point and provide a conservative entry for mid term growth.
For the next days it seems very useful to go to Daily or 6H to see better what´s happening at this support key-area. (Will shoot this update tomorrow around mid-day to give it some time to evolve)
For now this break-out has not been successful leaving question marks.
Levels remain intact.
Neru
Midterm
#btcusd #xbtusd - Bullish Break-Out attempt, 3DHey guys,
Bitcoin is trying to overcome the resistance zone around the Yearly Pivot with increasing volume. Since the last valid long-opportunity on 3D on the closed Pullback-Engulf @ $7185, which also marked an aggressive entry for the
following inverted Head & Shoulder 15% spot would have been made with a simple buy. For those Daytrading: This was the number to beat. (Buy & Hold Equity)
Mid- long term traders are likely still long and don´t have any reason to take profits just at this stage. After surpassing the Yearly and Quarterly Pivot and clearly showing ambitions to break the down-channel, I would honestly like to see a retest of this area going as low as $7750 levels, to be declined there and giving traders the opportunity for conservative long entries and validate further growth properly. Currently BTC is dangling at the SMA100, for me currently not giving away short opportunities. We have a buy or hold situation here.
For future purposes, those who don´t know me: I have always used the 3D plus tools like the Ichimoku Cloud, Pivots / Engulfs in these sort of situations ... feel free to join me in Telegram for further infomation.
I have been asked about my arrows I am putting into the charts: To clarify, the don´t point out to prices, they point out to important levels & trendlines that are interesting for trades, it is neither ment as price specification nor as date specification.
I am always happy about a follow & like. Feel free to share.
Neru
P.S. I am not going to swap to smaller timeframes in January, I need to see the next two to three weeks to go back into Daytrading. For now I hold Bitcoin, still ready to short if necessary. Nothing else.
#ethusd - Ethereum much weaker than BTC, 3DGood morning guys.
Ethereum for now looks much weaker than Bitcoin and also e.g. Gold.
The bullish falling wedge is still in place and ETH did not manage to overcome the resistance cluster situated at exactly where it stopped growing around $148.
The Quarterly Pivot and the upper trend line of the wedge are holding right now. Generally it has to be mentioned that Altcoins did not really follow Bitcoin´s and the overall green market with the same motivation.
This could have to do with the political situation, but also with the fact that traders are simply paying much more attention to what´s happening generally.
Currently Ethereum is maximum a hold if already spot bought mid-term, or needs to be looked at for possible incoming bearish signs.
Ethereum is not a buy at the current stage.
As usual everything you need to know is marked.
Neru
#xauusd - Does the rise find an end soon? #goldMight be a little disbelief right now, that the formerly mentioned "pump" really happened, but yes, it did and is the question are we finding a resistance now or are we going further up to the Yearly Pivot Resistance 1.
Gold is trying hard to overcome the mid term trend line (red) and I am clearly going to warn about possible fake outs at this point.
Whoever of you has been riding this after the break-out, should become more cautious towards possible profit taking now.
The Year started green all over, but January has not to end like this. There are all three options completely open here, though to also mention, Gold is has been overshooting overbought conditions and has been rising in demand.
As usual I have marked possibilities and important mid term levels to look at, watch out for things as engulfings or large wicks on 3D possibly turning this bullish picture. The most likely are where stop losses are situated at the moment is just around 1550-1530$.
So no need to panic sell at this moment.
Neru
#eurusd - Weekly UpdateEuro/Us-Dollar is currently facing a huge resistance zone between the key-level and the new Yearly Pivot 1.117 and 1.122.
It has overcome a major trend line on the weekly and forming a bullish higher-low pattern.
This area is crucial for the mid- to long term development upcoming. If this neckline area get´s broken upwards and passing the Yearly Pivot, things look much brighter for EURUSD (solely technical, ignoring fundamentals)
Due to the fact, overall market is rather green nature, we need to see if this mentality can be established during January.
As usual I marked the next relevant levels for you. In case this does drop a little, please watch out for the red trend line below the price for possible short opportunities.
Neru
#bitcoin - 3D Overview Good morning guys,
first of all a very happy new year 2020 to all of you, I hope you are going to have a healthy, blessed, joyful and successful year and will achieve your personal goals.
My holiday is over as well. Over the next days we will have a look at different assets on different time frames to get a better overview of things happening.
We are starting off with Bitcoin on the 3D interval.
With an oversold Bitcoin mid December and a channel bottom line bounce (Daily Downtrend Channel), we received a potential long-entry by forming out a proper bullish engulf on 3D and recently also on the Daily.
For now, also a key-level above $7k seems broken. So big question, are we totally bullish just yet? Sadly the answer is still no.
I have pointed out a couple of times that the new Pivots Quarterly and Yearly will be very similar and together with the key-level been forming since June 2019 building a massive massive resistance zone between $7.700 and $8200 roughly.
As long as this is not broken with proper volume increase (or at least afterwards), the picture remains very unstable in terms of possible drops.
This is a danger-zone and January is famous for bigger drops consecutively. (Obviously history does not have to repeat)
As usual I marked important levels.
__________________________________
Neru
XAUUSD - MID TERM PRICE ACTIONTrade War, Brexit, monetary system crap, Recession etc. Smart Money flows to GOLD in 2019.
Past week good news was given by media. But gold did not react negative as expected.
1505$ and 1420$ are the two important level for the gold.
If good news continues, gold may give us a chance to buy. I believe below 1420$ level would be the best buy opportunity.
If the gold price break down trend , this is the weak signal for the buy. But price will break 1505$ level, this will be perceived strong buy signal.
BTC possible midterm scenario 12.5k then 4kBTC is known to disobey technical analysis such as rising wedges breaking up. On many occasions TA was clear as day and the targets were sure, but bitcoin did a U turn and messed everything up.
Why? Usually there is a subtle hint.
Early in September I noticed a huge head and shoulders forming. It's measured move was 4k. The head and shoulders was part of an ascending triangle and the measure move of that is the same, 4k.
Then bitcoin broke down from the ascending triangle but it didn't drop to 4k.
Manipulation? maybe. But here is my technical explanation of what happened. Bitcoin is going to retest the triangle at 12.5k, after it will drop to 4k.
The daily RSI supports the theory of 12.5k then 4k. The RSI was in a falling wedge, broke out, retested it, shot up and now is forming a bull flag, meaning that there will be a strong upward move soon of equal length.
I believe that the price action will form a very big bearish divergence when it reaches 12.5k, which would precipitate the big drop down.
What bothers me in this idea is the timing. BTC must pump to 12.5k this month in orde to retest the triangle. I find this too early. If BTC pumps to 12.5k this month, it will be likely it will pump further maybe to 20k.
below is a similar idea, but using gann fans. And the original Head and shoulders idea in august.
BITCOIN - Mid-Term Analysis (Descending Channel)Hello my friends!
The price of Bitcoin ( BTC ) might be moving in a Descending Channel on the 1-day time-frame (purple box).
We are currently moving in our Key Area, from where most of the volatility happens according to our backtracking.
A strong move is expected. Since the SMA 100 acted as a strong resistance and many indicators are giving us a sell signal,
we can determine the direction of the move.
The ADX indicator is signaling the strength of a trend. Please take a look at the yellows circles to see what we can expect.
According to our Fractal (price movement from the past) we could touch our Support at the 6800.00 area within the next 4 weeks.
I will keep you updated!
If you have any questions in this matter, fell free to join our free Discord Channel .
This invitation-link expires in 24 hours
-> discord.gg <-
What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits .
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
EURCHF overbought plus bearish divergence. Mid term idea!EURCHF is having trouble making new October highs after hitting resistance at the daily chart’s 100 SMA!
Does this mean that the euro’s partying days are over? A quick peek at EUR/CHF’s Stochastic flashing overbought signals for the pair. What’s more, there’s also a bearish divergence on the chart!
BTC to Pump on Halloween?Based on the similar pattern or fractal with the last 3 months of price action vs. the 2018 bear market, current patterns are playing out roughly 3.7x faster than the price action of the 2018 bear market. Does this mean we could see BTC pump (like it did on April 1, 2019) on Halloween? Please share your comments!
Retest of 10.9k Possible Mid Term. Then What? Bitcoin daily shows strength closing above the .382 fib. A retest and sell off from 10.9k is likely and would confirm the descending triangle.
If the descending triangle is confirmed and then sells of, breaking horizontal line support, I would be looking for a short to 8.8k. After that, 7.5k could become new support for another swing high.
If the triangle is broken to the upside in the next few days, a retest of the 12.1k area is likely and could set us on the way to a new ATH.
DAX Smaller Picture EW CountI assume that the German Index is in consolidation phase (Wave 4), which plays out as a triangle (take a look at the big picture post). Looking at the
sub-counts the DAX could go up again around the 11900-12000 area and then fall from there. If we are in a bigger triangle consolidation (abcde) I assume that the Index will come down in the 11000-10700 area eventually and then find a bottom there.
Bigger picture of where BTC is goingSome people keep asking me where we go, but the thing is as I previously explained, it is all about probability, no one can be sure on any of the time terms (If people really knew to predict every BTC move they would be very rich and famous in doing so), but my probabilities atm are:
Short term? no one can be sure...
we are in a symmetrical triangle as I showed previously... any break below it or above it will determine the short-mid term mood..
mid term? historical phases (last parabolic run, and the first time we hit 1k+ and had a big correction before the explosion) show that we have still a big correction, also the rise of the current parabolic was due to tether manipulation and exciting bots, also i didn't see real volume buying power, sentimental's aren't really that strong, and in fundamentals the technology is way behind so I don't see any institutions nor adaptation in at-least next 2 years... also if we explode with another parabolic move upwards then the crush is going to be much worst then I expect now, so mid term if we wont create ath, then we will see a 1-5.5-8.2k again (1-3 if tether dies, and 5.5 because we need to reset the current parabolic like we did with the previous, or at-least correct it to 0.7 fib' which is +/- 8.2k)... also excitement, and other values of moon boys give me the same vibes as it was when we got to 18k last time, and when we got to 1k for the first time way before that (both had long term corrections which no one believed could happen)...
long term? I can see Bitcoin between 1-10m$ if the technology matures and succeeds, this is the stable zone for Bitcoin where 1sat = 1cent, when BTC replaces all fiat in the world (Or stays above all of them), when only multi billionaires can hold 1 whole BTC, when all BTC cap can hold all gold in the world and so on...
Hopefully this answers your question..
Things can always change, by this is basically the vision which I hope to see..
EUR/CZK 1:2 Risk Reward Ratio (potentially more) SHORTEURO pairs have been in a downtrend for quite some time already, while most have had a recent
retracement leaving you thinking that you might have missed out and the wide stop losses arent worth it, its worth looking into more exotic and not as popular pairs that still havent reacted or are yet to touch the critical price points. The entries for this specific trade are quite basic and easy to understand whereas exits you have to be a bit more creative with
Entry : Top of the trendline
TP (1) : At 1:2 Risk Reward Ratio, or 50 Day moving average
TP (2) : The support area marked at the bottom OR below (watch for breakout, if successfully broken keep the trade at your own risk until you determine or see a retracement (1D wick, incredibly oversold RSI etc.)
Stop loss is not based on any pivotal points and is strictly based on reasonable percentage, we're not allowing a lot of room for error because the trade is based solely on the trendline, meaning that if/once its broken, we no longer want to participate/stay in the trade. RSI indicators are also showing overbought.