British Pound/US Dollar MarkUpThis mark up reminds me of why I like to stay Neutral.
I was 1st Bearish when I start analyzing this pair due to how price was playing to my levels, heading further down, but I went high up to see what's new. Price was actually heading right into a very significant HTF OB which is how it ended on last week's closing candle.
I expect it to head further down before it starts to emerge to go higher due to how massive the zone is since it's from a HTF. I located some barriers within it, but they might not hold. Once it's above the proximal (1.2286) I would pay close attention to Price Action for when to execute. There's a 250+ Pip gap between my levels, scale in & scale out. We shall see.
Multipletimeframe
Bitcoin short term correction before the next pump? To begin, sorry for not updating my post for so long. I am still active trading just that have little time to share my analysis with the community. Please pardon me and feel free to drop me a message if you like to discuss anything.
My outlook for BTC is still bullish, in fact I took some profits this month and waiting to re-enter my positions.
On the technical side, BTC has broken H1 EMA and yesterday H4 EMA. However when i look at bigger time frame, trend for BTC is still up. Fundamentally, BTC followers know that halving is round the corner happening around May 2020, and increased crypto adoption and developments happening daily all across the globe.
Current price levels, we are at an area of support boxed up in my chart, for more aggressive players, you might want to buy some here. Next buy level is lower where it coincides with a Bullish Bat Pattern to buy at about $8,500, strangely this level also coincides with the Daily time frame 200EMA :)
In summary, i am short term bearish of BTC but long term bullish.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
BTC/USD OUTLOOK GRIM? LOWER MTFA ENGLISHNOVICE SPECULATION:
Well, BTC is migrating to the lower end of 8! Where will we go!
On this chart, you can see multiple opportunities for high volume trading, or entries for a long term short.
As this month closes, we may see a retrace to 9, but my personal opinion is we are going to continue to drop to 8.3 to <7.
As always, it is hard to analyze where we go since, generally speaking, we are always combatting whales and exchanges *one in the same usually* so watch out for the weekly and daily time frames.
LOGIC BEHIND SHORT:
-Paper trading, so I feel no pain or regret, thus can safely make speculative paper trades on such a chart.
-Bitcoin formed a double top on the 4H
-Normal bouncing around, as usual.
-Be careful out here...You could short and wake up to a 11k BTC.
TRADE AT YOUR OWN RISK
ETH/BTC - short term pullbackETH/BTC has broken out of it's long term downtrend and made an impressive move over the last days but now it looks like a great place to take some profit and buy back in lower.
The reason for that is:
1. ETH/BTC shot right through the daily 200 MA and hasn't had a proper correction since. Now it's very close to the daily 314 MA and will likely bounce off it and retest prior levels.
2. It's at the top of the current channel
3. Daily StochRSI is very high and likely to cycle down soon
4. Significant bearish divergence on the hourly timeframe which is also visible on the ETH/USD pair (see comment below for chart)
Long term it looks bullish to me so consider this a short term setup.
#AUDUSD Bearish Week Expected - Weekly AnalysisAUDUSD is repeating its weekly candlestick pattern for the 3rd time with great accuracy. The coming week is expected to create a bearish candle and the week after will be a bullish candle. This week it is going to retest the trend line before resuming the uptrend again the week after. We have 2 patterns completing near the trend line. So we can take a short position if the markets allows us to. Once we reach the zone and the market has tested the trend line, we can close the short and prepare for long position week after.
Please hit the like button and drop a comment. Let me know what you think of AUDUSD next week. What is your analysis?
Weekly Chart of ACCAs seen from the Weekly Chart of ACC, the stock is trading near to trend-line support on downside. On monthly chart the stock is trading in triangle pattern since since Sept-2017. On daily chart the stock is consolidating in 40 Rs. range. If the stock manages to close above 1470, the stock can see further uptrend. If the stock holds the support zone then the stock can move to the levels of 1650-1700 in 3-4 months time frame. Uptrend view is negated below the levels of 1400 on closing basis.
CHF JPY AnalysisFrom the Daily Chart, price is
Broken out of downwards channel.
RSI and Stochs are on downwards path.
From the 4hr Chart, price is
Still above 38.2 retracement and strong support / resistance line.
Expect price to continue to fall approx 30pips before reversal on 38.2.
Bearish Long Upper shadow pin bar confirms assumption.
RSI and Stochs are at low levels but still on downwards path. Not at oversold territory yet
From the 1 Hour Chart, price is
Still expecting price to fall to 38.2 line.
RSI is low, almost parallel but could move downwards further. Not at oversold territory yet.
Stochs is still downwards, within oversold territory
Trade thoughts
Expect further to downside approx 30 pips followed by Bullish reversal of potential 220 pips to weekly downwards trend line.
BTCUSD - Price that I love to load my holdings of BTCBTCUSD had a lovely pump couple of days ago, fueled by the awesome new from China's Govt that we should all "Seize The Opportunity" to get Bitcoin. It is rare for the Chinese Top Official to issue such a bold and clear statement to the public. Fundamentals for Bitcoin is solid with Halving just about half a year from now, things are getting exciting ;p
Being a strong believer of Bitcoin and Cryptocurrency, let me share my humble analysis with the TradingView community on BTC.
To start off, I bought some BTC at 7500 as that area shows strong buy interest. Big time frame at that time still looks like a downtrend and I am still hopeful to get more BTC at lower price. However, nobody expect the news from China (unless you know somebody which gives you the juicy insider tips.. heh), at least I am in and taken a nice position.
Now, to my charts. I have marked out the start of the move to be at 7550 region and also the consolidation area where BTC is likely going to base before making the next move. If it goes up and make new high, I am sure to say trend has change from down to UP and it will likely be parabolic run up to 14k easily. However, if it comes down, we have a good chance for the Bullish Bat to complete, coincidentally at my preferred buy area.
Things we can do now:
1) Play the base or consolidation bounce, however I will prefer to do only the longs and not short, I just cant bear to part with my precious BTC :)
2) Be patience and wait for market to show her hand, if it comes down, long it at proposed levels! If it breaks up, buy each pull backs to trade with the trend.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
H4 AUDUSD Short Term Shorting OpportunityLong term analysis for AUDUSD is Uptrend in general.
However there are always opportunities to go LONG and SHORT based on different time frame considerations.
Found a nice Bearish Bat on H4 on this pair and it is completing soon at Point D (0.68690). Different approach to this trade (Stop loss as required):
1) Short at Point D but note that there are basing action prior to D completion. Aim for TP1 full exit or partial exit and set SL to breakeven to protect the position. Full exit at TP2.
2) Let the pattern complete at D, look for bearish candle and sell the pull back.
3) Do nothing and let the price play out since this Bat formation may fail which create a buy opportunity (a strategy that I had personally tested out numerous times)
Ultimately I am looking to buy at the area if Price gets there... so shorting it down is just an alternative for traders who are looking for more trade opportunities.
Do like and share this post. I use a combination of trading strategies such as Supply & Demand ( SND ), Harmonics Patterns, Multiple Time Frame Analysis , Candlestick Analysis to name a few. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
USD/CHF ShortHello Everyone,
This is my first Analysis being published. This is what I analyse from my point of view. The currency is FX:USDCHF
Weekly timeframe:
In the weekly timeframe I noticed a triangle ascending pattern. I'm predicting that this triangle ascending pattern will become a continuation pattern. Also the 200 Moving Average is showing resistance to the candlesticks.
Daily timeframe:
As for the daily timeframe, I also noticed a triangle ascending pattern.
Hourly timeframe:
In the 4 hourly timeframe I noticed a bullish channel. But I noticed that the pattern starts to break, and so I do not think that the trend will continue.
Minutes timeframe:
In the 30 Minutes timeframe I noticed a bearish resistance line in the RSI.
That's all I had seen from the chart, I hope my first Idea can help you. And please give feedback if I have a flaw in my analysis.
GBPCAS SS Short + 152 Pip PotentialPrice is below the Daily, 60 as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
PB Entry = 1.6315
Stop = 1.6335
Risk = 20 pips
Profit target = 1.6163 ( The projected daily low)
Reward = +152 Pips
RRR = 7.6 - 1
BO Entry = 1.6254
Stop = 1.6279
Risk = 25 pips
Profit target = 91 Pips ( The projected daily low )
Reward = +91 Pips
RRR = 3.64 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
My new book, The Gold Method Ichimoku is now available.
it is a step by step detailed explanation of my methodology
followed by a day by day application of the methodology
through the month of September.
please contact me for more information at FXGold54@gmail.com