Bitcoin (Maybe I'm paranoid)Top down from Monthly/Weekly
We have been very Bullish the past 6 months although we did create nice HH/HL's on the Weekly showing signs of strength but on the Daily the legs are getting shorter and it looks like we running low on bulls. If this creates a Double Top we may be heading back down to one of those green areas of support.
We have 2 major areas of Support that are the possibly great buy opportunities however normally I would say "buy every dip" but we want to be careful and not "catch a falling knife" because we have reached crazy highs and Bitcoin is well known for Whales to create big splashes in the crypto market and bring some crazy Volatility.
Everyone has gotten Stimmies/Taxes and bought into Bitcoin because of all the news and advertisement its getting. Usually once it hits mainstream its too late to invest and you have to wait for the dip or experience a lot of pain. We all know our brains can only handle so much pain before it goes into relieve gear and then you will have taken a loss because you couldn't bare it any more. So just pay attention drown out the hype!
I could be completely wrong and we may go up to 100k before we correct but I promise one thing a correction is coming so be prepared! The market only moves 3 ways Up, Down, and Sideways.
This is not financial advice and you should always do your own DD and make the right investment for you that suits your financial needs!
Sincerely,
2017 HODLer who bought in at 20k. Greedy little piggy I was! Don't be me.
Priceactionstrategy
$QS PT 64-70 and higher...Long Term InvestmentsQuantumScape Corporation, a development stage company, engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.
QuantumScape Jumps on News Volkswagen Will Invest $100 Million
QuantumScape (QS) - Get Report shares soared Thursday, after the electric vehicle battery maker said it met conditions for Volkswagen (VWAGY) to invest another $100 million in it.
“The milestone required Volkswagen to successfully test the latest generation of QuantumScape’s solid-state lithium-metal cells in their labs in Germany,” QuantumScape said in a statement after the close on Wednesday.
“This will be the second and final closing under the May 14, 2020 stock purchase agreement between VW and QuantumScape that provided for a total $200 million investment," QuantumScape added.
QuantumScape recently traded at 50.94 It has skyrocketed 420% over the past year amid investor mania for all things electric vehicle-related.
"We are pleased to report that the QuantumScape cells met the technical milestones in our labs in Germany that we had previously agreed upon," said Frank Blome, head of the Volkswagen Group’s Center of Excellence Battery Cell.
"Achievement of this milestone is an important step for QuantumScape and we look forward to receiving and testing subsequent generations of cells, with the goal of getting solid-state technology into series production," Blome noted.
Last week, QuantumScape began a public offering of 13 million Class A common shares.
“QuantumScape intends to use the proceeds from the offering to build a larger QS-0 pre-pilot line than recently announced; to cover its full share of equity contributions to its joint venture with Volkswagen for the previously disclosed 20-gigawatt-hour expansion of QS-1 joint manufacturing facility;" and for working capital and general purposes.
On Feb. 17, the stock jolted higher after QuantumScape revealed a breakthrough in its battery technology and after billionaire George Soros’s investment firm disclosed a stake in the company.
EURNZD intraday for 3/17/2021 ideaIn my strategy I provide what I like to call revisited points in the market we have the top of new York and start of Tokyo points and previous support/ resistance area that we follow and following price action for a certain area in the market of the 4hr breaking with a bullish candle formations if market is to follow the top of New York Session we can expect the same results going the other way
Price Action analysis of USDJPYThis currency has been in an uptrend for weeks now. there's a strong resistance @ 109.600 and 109.150. THESE TWO LEVELS HAS BEEN RESISTING THE BULLS FROM RALLYING. ACCORDING TO MY ANALYSIS THE PAIR IS GOING TO RALLY THE DOWNSIDE SOON TO 106.1. THERE'S A REJECTION @ THESE LEVELS. LETS KEEP OUR EYES ON TIS PAIR.
CHECK THIS USDJPY SHORT!!!4HR is presenting a nice double top formation, moving through to the 1hr we can see a triple test of resistance on the second leg of the double top. moving further to the 15min we are testing resistance for the third time on the second leg, all pointing to bearish confirmation.
We have 2 trades to consider here first is top-down, second is a bigger play on the larger timeframe.
USD/JPY Long Position, TA using Price Action.4Hr Timeframe
Buy Op
Price has been in a strong uptrend and has reached an area of resistance. Looking for it to pullback to the 107.500 area then possibly continuing back upwards.
If this key level holds as support, look at the 1Hr/15min timeframes for your entry point. This trade will take some time to play out if it does. Patience is key!
Gather 3 or more confluences.
Adapt to the market!
Entry 107.500 to 107.800 AREA
SL 107.150 (51 Pips) Use proper risk management! Also adjust your SL to fit the Price Action happening.
TP Area 110.000 (1:4 Risk/Reward)
ETHUSD ALL 3 TP's HIT FOR 360+ PIPS AND ITS ONLY TUESDAY!All three tp's for the sell has hit very quickly for a profit of 360+ pips. It's only Tuesday!!! That's insane! Updated chart for the rest of the week unless there is another big price change.
When resistance breaks (red) enter for a buy
When support breaks (green) enter for a sell.
Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south)
Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
COMMENT OR MESSAGE ME IF YOU WANT ME TO EXPLAIN HOW MY SCALPING STRATEGY WORKS FOR THE 15M-1HR TIMEFRAME
Alert: This it's very inminent in Ethereum!!! 2,000 USD soonEthereum it's moving into this bullish channel. And the trend it's up.
Also, I see that it's a good moment to put a break even at $1,800 USD to protect our earning in the price entry at $1,760 USD approximately, that was my buy order that I bought Ethereum.\
Ethereum it's so bullish in Daily timeframe.
I add my current Bitcoin analysis and my past Ethereum analysis for your convenicne to watch it.
EURGBP- wait for a retest then go shortDon't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on EUR/GBP.
AS we can see price has been downtrending for quite of time creating LL and LH. Now price has broke through daily support, which means that I will be looking for sells once I see that previous support ( now resistance) was re-tested.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
CADCHF ANALYSISDon't forget to hit like and leave comment down below! 👍
Hello traders!
Here are my thoughts on CAD/CHF.
This pair has been ranging for a while, as we can see on the weekly chart below. Now it seems like it has a bullish momentum while also crossing 50 MA.
On the daily we can see that price has broke through the weekly resistance and re-tested it. This is a great setup for break and retest traders like me!
📈📉Trends:
⏳ Weekly- Ranging
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
NZDJPY ANALYSIS- +280 pips in the gameHello traders!
Here are my thoughts on NZD/JPY.
As you can see on the weekly chart, price has been strongly bullish since the 2nd of November 2020. Since that price has been creating highs with almost zero drawdowns.
On the daily, we can clearly see that price broke above resistance zone, re-tested that level and is about to go up again.
Here on the 4h I want to show you a huge rejection of sellers confirming this trade for me.
🎯Confluence:
1) Strong uptrend
2) Price is above 50MA
3) Break and retest
4) Macd confirmation
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading