Moving
This is my most trusted risk metric. Time to buy.This is the log difference from the price to the 20 week moving average. Has always been a great top and bottom indicator so far and we're currently at 9% risk. We won't be going that much lower so I would recommend to start accumulating at these levels.
GOLD 💥 detachment spotted 👀There is a detachment on EMA5! At weekly chart... this can make gold to move up!
Let's wait and observe, so we can find the best way to enter today...
Better to wait and have a good entry, then to get stuck at this tiny range...
It's been boring, but profitable!
Dont forget that
Patience is key!
Short opportunity on SHIB1000A short opportunity is forming on 1000SHIBUSDT on perpetual futures at Binance. You can see all the same signals in the chart above this month. I will detail each one below.
Rules for the entries
LONG
price closing above MA 200 (yellow) and MA 20 (red)
The last candle is going above the open value of the latest bearish candle
Last bearish candle can be at max three candles away from the latest candle
The last candle must be close to the MA 20 (red)
SHORT
price closing below MA 200 (yellow) and MA 20 (red)
The last candle is going below the open value of the latest bullish candle
Last bullish candle can be at max three candles away from the latest candle
The last candle must be close to the MA 20 (red)
Stop Loss
The lowest value of the latest four candles when Longing. The highest value of the latest 4 candles when Shorting
Take Profit
Two times the size of the stop loss.
May/2022 Signals
Signal #1 - May 1st - 8h timeframe
After a dogi candle, it's a 50% chance that the price goes either direction. We stick to the rules and go short. This signal gave close to 6,8%
Signal #2 - May 5th - 8h timeframe
After a slight bearish movement, the price engulfed the bullish candle. We entered at the open price of that candle, shorting again. Profit was 13.5%
Signal #3 - May 10th - 8h timeframe
After a bullish candle with a big upper wick, we saw a good rejection of the past candles. So we follow the rules for another short, reaching more than 20% profit.
Signal #4 - May 13th - 8h timeframe
Again, after two consecutive bullish candles with some upper wicks, we got almost a bearish engulfing candle. After that, it triggers our short order. The trade is still open this time, so we may add more or close it to book some profits and prepare for the next trade.
Signal #5 - May 17th - 8h timeframe
Our latest signal is almost valid. However, the price may go below the latest bullish candle open value, and we may expect a 13% profit. This signal will invalidate if the price reverses and exceeds our predetermined stop loss.
Total profit this month so far is around 45,3% with 1x leverage.
SPX500 is still in an uptrend, target R1-R2. Intraday Strategy Hello traders. SPX500 is still in a downtrend but it might have an upward for tomorrow.
RSI 8 MA 8 is showing an oversold signal, in 15m,30m,45m, and 1-hour frames, this is why it might have an uptrend for tomorrow, following the Resistance, Supports and Pivot levels results.
Important take a note about this. Check the trend, confirm the uptrend when the prices cross the Pivot Point over up, and then R1, and finally the MA200. Controlling that the market doesn't reject those levels, we might get some profits with it.
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20. Intraday Strategy Pivot Point Levels
R3 4,686.00
R2 4,557.20
R1 4,472.80
PP 4,428.40
S1 4,344.00
S2 4,299.60
S3 4,170.80
Mbox , We may see levels 8 -10 soon .After I looked on Twitter, I saw news that some coins are being burned , So I looked at the chart, thinking that this news could be associated with the breach of the trend line.
I think maybe we will see a reversal to form a bullish trend soon, especially if the price settles above the 50-day average .
BEARISH TRIANGLE ON FANTOM (FTM/USD)Fantom has been consolidating within this triangle for 29 days and today it looks to be confirming a Bearish Triangle (I have attached an image for reference)
The market has made consistent LH/LL which is true to a bear market - even though price climbed 28% from support this wasn't strong enough to break $2.40 zone which signalled a chance to short the market.
Shorting the market when price has made LHs is one of the best areas to short and less likely to be liquidated as we are the right side of the trend!!!
"Big fan of FTM which is one of the best Layer 1 tokens with strong fundamentals and a strong community" - I will be looking to accumulate more FTM in the near future
ETH/USD Slumps From $2945 ResistanceAgainst Bitcoin, the daily chart shows that the Ethereum price is trading above the 9-day and 21-day moving averages around 0.071 BTC. As soon as the price crosses above the upper boundary of the channel, there is a possibility that additional benefits could be obtained in the long term and the next resistance key above 0.075 BTC is close. But, if the price begins to rise, it could break above 0.078 BTC and above in the nearest term.
GBPCHF to move on Thursday 03.02 on BOEInteresting setup on GBPCHF in preparation for Thursday BOE.
A retest and continuation on the S&D area around 1.24800 would indicate a good long opportunity to the TP of 1.24849. For a RR ratio of 2:1
If price shoots out of the order block to the downside retesting the liquidity area around 1.24500, we could look at a short opportunity with a TP at 1.24189. The RR ration on the short is a juicy 2.7:1
On the daily , price is fighting with the 200 day EMA . I'm tempted to say that after the initial volatility of the BOE and a fadeout of the bulls and collecting all the SL's we will se a continuation for bears.
Trade safe and don't overtrade. (my greatest weakness at he moment)
XAUUSD (GOLD) Again Making Cross OverMarkets eye US ADP employment change data today for further direction.
Factors to watch for gold price action-
Technical:
The near–term support is around $1780, violation below targets $1770/$1750. Significant reversal only below $1750.The yellow metal facing strong resistance of $1810, any violation above will take to the next level $1835/$1860/$1877$1912 is possible.
DISCLAIMER: ((trade based on your own decision ))
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BTC scenario - search for the bottomBtc has been coming declining seems 13 69,000 price mark. It has been no declining for a while, which is clearly observable Linda chart. I don't consider this as a beer market yet, although I really think that the correction is taking longer than it seemed to me in the beginning. In this scenario what I seen is an eminent encounter with the button after which the price of this asset should start building/continue mean call Trent. The indicators that I have used in the story show to me that there is a button near and that it should be here not later than a month or maybe even couple weeks. All I'm looking for is breakouts in the moving averages and a build up in RSI.
FaceBook (Meta) Downtrend continuesOn daily chart, dead cross (50 sma crossing below 200 sma) is about to happen. Fib Level 0.618 - $332 (the rectangle area) is a huge resistance which has been tried 4 times in December. Also 200 and 50 smas is suppressing the bullish movement. Looking for a breakdown to $300 area in near future.
Disclaimer: This is not a trading advice. I am not a financial advisor. Only for fun and educational purposes. I won't accept any responsibility if my idea fails.
CRO, H&S Pattern, should we worry?Hello!
This is just my personal take on it but for me it seems like it is forming a H&S Pattern, wich is a "Bearish Sign"!
I would watch the area around 0.75 - 0.76 (Yellow Horizontal line) for possible breakout to the upside again though.
IF it passes that line i guess it CAN move further up again, however if it fails and goes down agin (Following the red curve downward), i guess it's a major bearish sign unfortunately!
A critical moment?
Happy Trading!