Moves
MACRO Pivot PointsThis chart proves price will always return to the Macro Pivot Point.
Being that we know this FACT we build our strategies and formulas around this objective institutional structure.
This structure resides right above the body of the candle to the top of the wick.
We also KNOW that wicks identify price action and structure. This is also an objective FACT.
Therefore when we leverage the two Objective facts
A. Price always returns back to the Macro PP (place where it started)
B. Wicks Identify Price Action And Structure
We can build very strong objective high probability set ups and entries that will extract as many pips out of the market as the move will give us.
This is where I build my Signature Trade Entry called the MET (Mount Everest Trade)
Time is the most valuable asset in life and in Forex Trading. When you know the time your asset moves you can begin to PIN POINT down to the second what your asset will do.
There are objective times and patterns Snipers KNOW like the back of our hands that enable us to engage the market objectively.
ETH Rising Wedge and Breakout ETH is currently moving up a Rising Wedge pattern on the charts It has tested the daily resistance a few times without a clear breakout The Trend line indicates where ETH has previously attempted to break out but has failed
My position is that ETH will either try to break the resistance again as it heads to the top of this Rising Wedge pattern OR it will fail to breakout and then we see it fall to the support level which is about 2100-2000 from there ETH could pump up to the Target price which is currently 2900.00
There is lower highs and higher lows being made which indicate a dip.
A Clear long Entry should be at breakout of the Trendline pattern or after the $2000 Dip.
Thanks
Marlene
Disclaimer* No financial advise given.
Bitcoin and its latest moves.Bitcoin as a cryptocurrency, has been taking a long run from prior levels, being days on the downside. To avoid the mistakes of oscillators, a better and more secure technical indicator was needed. This will avoid going against the trend, whos is very clearly identified. Also, corrections are made, even when a change of direction seems to be showing up. The plot will clear the way for a nice true signal, which at the same time is very profitable.
While still on the making and testing, so far it has provided excellent results. The more it runs, the better testing results with any instrument or market out there, as an universal tool to get things done the right way, mostly the safe and profitable way.
Keep an eye on it for the latest release and innovations to it. For educational purposes only and not intended as a financial advice of any kind.
Tracking Cryptocurrencies A closer look into the latest move on Cryptocurrencies such as BTDUSD. On the chart, a 15 minutes timeframe, but in 1 minute, we can follow even closer for a more up to the minute entry exit signals identification. For educational purposes only and not intended as a financial advice of any kind.
analysis EUhello traders, there was hardly any set up lately in the EU however, there was a big buy, but some of us missed the opportunity. So therefore, I have multiple bias of ideas for you guys to see and look at. Highly recommended for you guys to wait at least 2 hours for the candle to close to make your decision. You can see it was making HH and HL. During this time I do not see any of the candle making LH yet. waiting time. Once it broke structure then you would look for sell opportunities , if not look for buys opportunities. thank you for reading!
PREDICTING THE MARKET BEFORE IT HAPPENSAs we can see here, there is an enticing level of so called resistance on the daily and the 4 hourly chart. Price has moved away from this area and novice traders have gone short. It is very easy to predict where stop losses will be. Notice the decreasing volume as price shorts away from the "resistance". If the collective amount of people doing the same thing moved the market, the move and volume would be much more drastic. Only big institutions and news moves markets. I expect people who shorted to soon be taken out and a manipulation occur, however with all the Brexit news around the GBP I'm being cautious.
RUHN - Momentum Strong Despite Market Drops Ruhnn Holding Ltd. operates key opinion leader (KOL) cultivation and incubation platforms and generates revenue mainly through online sales of consumer products to followers of the KOL through their various social networks. The company was founded by Feng Min, Sun Lei and Shen Chao in March 2016 and is headquartered in Hangzhou, China.
SHORT INTEREST
576.71K 07/31/19
P/E Current
-22.30
P/E Ratio (with extraordinary items)
-18.29
How do you know if you are emotionally attached to Bitcoin?How do you know if you are emotionally attached on Bitcoin?
Have you ever wondered how to gauge personal emotion in the markets?
Would it be nice if you could check a meter on your emotion levels to stop yourself from making bad choices?
I asked myself how I would find a good gauge for this many times... and over the years I have learned the only thing you need to check is so simple... but many people still miss it.. or try to get around this LAW of trading..
So I am going to give it to you for free today..
THE BIG SECRET IS..................................... CHECK UR DAMN POSITION SIZE / LEVERAGE.................................................................................
If you are over leveraged (margin) you are being too emotional!
If you are using more than a few % of your account per Altcoin trade then you are being too emotional!
If you are 100% in the market and you have 0% USD / USDT / USDC then you are being too emotional!
if you don't have at least 15% USD / USDT / USDC then you are being too emotional!
If you are less than 30% Bitcoin (the most stable crypto asset that isnt stable coin) then you are being too emotional!
If you are checking your computer every hour paranoid about prices then you are being too emotional!
.................................................................................................................................................................................................
So that's the secret if you are wondering about you emotions check on these simple things..
with that being said Bitcoin is looking very bullish especially if we get this 8 day candlestick to close bullish & neckline breakout at 11k
Staying long based on my previous analysis -
Tezos is a Altcoin I am watching on the shorter time frames.. it finally looks good after a long downtrend
Stay profitable out there! Happy Monday
Elevator Ready To Go UpstairsThe pair has dropped for the whole may, and the price is currently sitting on trendline support where also daily 200 ma is located.
It's also currently bottom for the channel and bulls could take the dominance from these levels.
There are few "roadblocks" for the upside movement naturally, and the first one is on the 1.83 ish where the decision for the trend is to be made. If the bulls are successful with capturing the 1.83 and pushing through the resistance probability for the wick fill located at the 1.85 is likely to happen.
Happy and safe trading!
USD/GBP - One of Two MovesUSD/GBP = Overall the pair is in an uptrend according to monthly timeframe. Price is approaching a major key level. Price action suggests strong bullish movement. Overall I think bulls will tire at the key level and consolidate at this level. Price will then either do one of two things. 1st: Continue past the key level and further move up to the monthly uptrend line and once price hits Bears will take over immediately push price down heavily. 2nd: Once price hits the above key level consolidation will occur at this level for a bit and make a smooth transition down to the neckline of what could be a "double top". I think there is a high chance of price consolidating for a 2nd time; breaking the neckline, retesting and then move down with some momentum. Hopefully one of the two predictions will be correct in 2019. Happy trading and good luck profit hunters.
Trading Journal #7
-Austin S.
Citi Bank Bullish Breakout?Can we see a breakout in NYSE:C ?
I currently say this because ever since the 14th of January of 2019 it has been consolidating between the resistance line at the $65.23 and the support at $60.81.
For myself the RSI and MACD are the most important indicator to me. As you can see the MACD has crossed just before the 3rd run to the resistance and the RSI is yet to be oversold.
Posting this today the price has came close to the resistance line just by $0.6. I believe that if we see the price break through the resistance than it will breakout and we can see the target price to be around the $69.00 range.
ALSO, there was a big right triangle forming and as of today it has also broken through the right triangle resistance line. So this should be interesting to look at if it can break through 2 resistance lines.
Bitcoins climb to 6700 with CBE future contracts looming [BTFD]Quick interactive view on the 4 hr chart
as we have the expiration of CBE sept contracts tomorrow on 28th sept at 4pm GMT
"Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. If that day is not a business day in both the UK and the US, trading terminates on the preceding day that is a business day for both the UK and the US."
quoted from the website for more details check it here: www.cmegroup.com
i mentioned some predictions that MIGHT happen leading up to this date and time on the telegram channel if you would like to know more...
we just rebounded off the 50% fib level at 6750, all indicators on 1hr and 4hr showing bullish sentiment and expecting more to come with possible 7300+ in sight....but this is all discussed on the BTFD telegrams channels :) we have already taken long positions
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have a powerful weekend