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Take Two For Buyzing ;)Hey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bullish breaks and retests he 4H Half a Bat Neckline and 1st 4H Key Lvl (1st and 2nd trade signals) after bouncing off the 50 and 8 MA’s; according to the 4 hour: the price will be in prep to rally for the half a bats 3 level trend together for the 200 MA; and according to the daily: the price would be bullish running above the double bottoms 2nd leg neckline and short-term MA’s - in prep to rally for the patterns neckline or accumulation phase, so once that happens, then you should BUY → E.1 & E.2 That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
Long
by Doji-2k1
BTCUSD, ETHUSD, and XRPUSD ForecastsThe major crypto currencies are counter-trending on the monthly and weekly time frames, forming the monthly double top accumulation phase on all currencies. The weekly on all currencies is forming a double bottom pattern that's facing the monthly target and that has its price running in between the short-term m.a's (which dis-confirmed the bearish trend we've been in for months). And, the daily is guiding the weekly's price to full form its pattern. BTCUSD Daily Chart The price will bullish rally to the Monthly Neckline 3 probably after it has bearish bounced off the 4H Neckline/ Daily Half a Bat Neckline, 50 and bullish crossed short-term moving averages with a bullish reversal candle or pattern that leads the price to bullish break and retest the Mini Weekly Neckline. If the price doesn't bounce off the key levels and instead bearish break and retests them, that will dis-confirm the bullish bias. ETHUSD Daily Chart The price will bullish rally for the head and shoulders 3 level trend (that will likely end on the 2nd Monthly Key Lvl) probably after it has bearish bounced off the Monthly Neckline 3 and 8 moving average with a bullish reversal candle pattern that's followed by a bullish break an retest of the 3rd Daily key Lvl. If the price doesn't behave in that way and instead bearish break and retest the key levels, that will dis-confirm our bias. XRPUSD Daily Chart The price will bullish rally for the current half a bats last 2 levels probably after it has bearish bounced off (or not) the 1st 4H Key Lvl, 50 and 8 moving averages with a bullish reversal candle that's followed by a bullish break and retest of the Daily Neckline 3. If the price doesn't behave in that way and instead bearish break and retest the key levels, that will dis-confirm our bias. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed, Sphatrades.
BITFINEX:BTCUSDLong
by Doji-2k1
AUDUSD Is About To Drop!The monthly price is in a bearish reversal candle pattern formation that is bouncing off the huge bearish head and shoulder patterns neckline, ascending trend line of the symmetrical triangle, and bearish crossed short term moving averages, giving us a signal that I call an H&S B-E.1. Usually, when this signal pops-up, a 2 level drop occurs that will end in any previous key level target. In this situation, the trend might end on the 2nd Monthly Key Lvl. Although the bearish signal seems to be strong, it might not occur. The price will reject it once it has bounced off the 7th Monthly Key Lvl to bullish breaking and retesting the Monthly H&S/Half a Bat Neckline, ascending trend line, together with the 8 (dark blue) moving average. If the price does that we will be expecting a bullish uptrend to the Monthly Neckline 2, descending trend line, 21 and 50 (red and light blue) moving averages. Moving down to the weekly, we also have 2 possible scenarios that will confirm and dis-confirm the weekly and monthly biases. Bulls: -If the weekly price bullish breaks and closes above the Mini Weekly H&S Neckline and 8 moving average, that will dis-confirm both trades and the price will be in preparation to rally to the Monthly H&S Neckline, ascending trend line, and 21 moving average to dis-confirm the monthly's bias also. So the weekly's dis-confirm will likely lead to the monthly's one. Bears: -If the price bearish closes and retests the Mini Weekly H&S Neckline on the daily time frame (see the chart below) that will trigger the 1st trade signal. If the price drops to bearish break and retest the 8th Monthly Key Lvl after the 1st trade signal, that will trigger our 2nd trade signal. Both of these trades will fully confirm weekly and monthly's bias of the long-term drop. As I stated above, the first trade will be confirmed on the daily; lets see how that will happen: The weekly's bearish head and shoulder pattern is fully visible here on the daily as a big pattern. Its price is current running below the neckline that hasn't been retested since it broke it. This makes the patterns signal not fully valid. Furthermore, we the bearish crossed short-term moving averages that don't retests made on them. This makes both the moving averages and market maker pattern signal not fully confirmed. With that said, if the price closes below the signal key levels and proceeds to bullish bounce off or retest the Mini Weekly H&S Neckline together with the short-term moving averages with a bearish reversal candle pattern close (made by the accumulation phase), that will fully confirm the daily, weekly, and monthly signals. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or through a direct message (your choice), I'd love to know your thoughts! Stay Blessed, Sphatrades.
Short
by Doji-2k1
1
BTCUSD Aug W.4: Long-term trend alert!Hi friends, I hope the week is unfolding for y'all as planned ;) Today, we've got another possible long-term trade signal. These trades signals are only derived from this timeframe (Weekly). The monthly doesn't fully support them, and that makes the trades highly risky. I feel like the price won't drop to the last target. I think it will reverse on the 3rd Weekly Key Lvl to form the monthly's double top accumulation phase that will either retest the Monthly Neckline 2, ascending trend line, together with the 50 and bearish crossed short-term moving averages to fully confirm the bearish signal or break the key levels to trigger a bullish long-term trend signal. This is what I'm talking about: Furthermore, as you can see on the chart, the price might continue to drop to the Monthly Support after bearish breaking and retesting the 2nd Monthly Key Lvl. That will half confirm the weekly's signals. Speaking about the weekly, let us take a look at how the bulls and bears might behave in triggering our trades and disconfirming them before or during the trade. Bulls: -If the price bullish breaks and retests the Mini Weekly Neckline and 8 moving average, that will be our first dis-confirmation. It will likely lead the price to rally for the 2nd Weekly Key Lvl and 21 moving average for our 2nd disconfirmation. We will exploit that trend because it will be the monthly's counter-trend signal that will be anticipating the Monthly Neckline 2, ascending trend line, together with the 50 and bearish crossed short-term moving averages that expect retests. Bears: -If the price bullish spikes or retests the Mini Weekly Neckline and the 8 moving average with a bearish candle formation or close (1st trade signal) that leads the price to bearish break and retest the 1st Monthly Key Lvl either on the current or lower time frame (2nd trade signal), that will fully confirm our trades and I call or grade these type of trades a "H&S C-E.1 signal". That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Sphatrades.
BITFINEX:BTCUSDShort
by Doji-2k1
GOLD Aug W.4: Long-term trend alert!Hi friends, I hope y'all had a fantastic weekend, and are ready to tackle this week strong ;) Today, we're looking at a possible long-term drop on this baby. These trades are derived from both the weekly and monthly. Starting with the monthly, the price is in the huge double tops 2nd leg formation that is bouncing off the bullish crossed short-term moving averages with a bearish shooting start candle pattern, triggering what I call a "Double Top A-E.1 signal". The weekly, on the other hand, is currently bearish running in the double tops L2 and below the 50 moving average and bearish crossed short-term moving averages (8 and 21), triggering what I call a "Double Top A-E.1 signal", but it hasn't fully confirmed. Let us take a look at how this signal and its trades will trigger, and how it won't fully confirm our bias. Bulls: -If the price bullish rallies to break and retest the 2nd Weekly Key Lvl and 8 m.a, that will dis-confirm both the weekly and monthly signals, and the price would be in prep to form a bullish reversal pattern that will be followed by a bullish trend. Bears: -If the price bullish spikes or retests the Weekly Neckline 3 or 2nd Weekly Key Lvl and 8 m.a with a bearish candle pattern or reversal candle pattern formation/close (1st trade signal) that leads the price to bearish break and retest the Mini Daily Half a Bat Neckline (2nd trade signal), that will confirm our bias and the price will drop for this timeframes double top L3 and the monthly's double top accumulation phase. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know you thoughts! Stay Blessed.
FOREXCOM:XAUUSDShort
by Doji-2k1
EURGBP Aug W.2: Long-term trend alert!Hi friends, I hope y'all having a profitable week ;) Today, we're looking at a possible long-term trend that has a potential to reward us with +8%. These trade signals are derived from both the monthly and weekly. The monthly price is currently running in the bearish half a bats L1 that has last months price closed with a bearish reversal candle pattern that was followed by the current candle that is retesting the 3rd weekly key level and bearish crossed short-term m.a's to fully confirm the patterns 2 level trend. The weekly, on the other hand, has formed a bearish H&S pattern (that confirms the monthly's previous bearish reversal candle close) that has its price running in its accumulation phase above the neckline after it bounced off the 50 and bearish crossed short-term m.a's, signaling an upcoming 3 level trend. So, the monthly and weekly confirm each other for the drop, however, things can go south, meaning, the drop might not occur. With that said, let us see how the price will prove us right and wrong. Bulls: -If the price bearish bounces off the Weekly H&S Neckline with a bullish reversal candle pattern that leads it to bullish rally to break and retest the 3rd Weekly Key Lvl/Weekly Neckline 3 together with the 50 and bullish crossed short-term m.a's, the price would've formed a bullish reversal pattern (probably a double bottom) that will dis-confirm our trades (proving use wrong). Bears: -If the price bearish breaks and retest the Weekly H&S Neckline (1st trade signal) then continues to drop to break and retest the 4th Weekly Key Lvl (2nd trade signal), that will trigger what I call an "H&S A-E.3 signal" that fully confirms our trades anticipated 3 level trend (proving us right). That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed, Spha Thwala.
Short
by Doji-2k1
2
XRPUSD Aug W.2: Long-term trend alert!Hi friends, I hope y'all having a profitable week ;) Today, we're looking at a possible long-term bearish drop. This trade idea is derived from this time frame only. The monthly is in a process of fully confirming it with a bearish reversal candle pattern formation. Having one time frame confirming a long-term signal, gives me an A- signal; if both the monthly and weekly confirmed the signal, that gives me an A+ signal. In this situation, the weekly is the only time frame. And that makes this trade idea a high risk one. With that said, let us take a look at how this trade triggered and how it will be dis-confirmed. Bulls: -If the price bullish breaks and retests the Mini Weekly Neckline 2 and 8 m.a, that will dis-confirm the trade but it will trigger a medium-term buy signal that will lead to a rally to the monthly bullish key level targets that were previously bearish broken and not retested during the huge crash. I posted the trade idea of that signal last week when the price broke and closed in between the short-term m.a's (they play a huge role in confirming a signal). Bears: -The price bounced off the Mini Weekly Neckline 2 with a bearish reversal candle pattern that led to a bearish break and retest of the 8 m.a, and that triggered the sell trade that will probably lead to a drop for the double tops L3. I call this type of trade signal a "Double Top C-E.1 signal". That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1.
BITFINEX:XRPUSDShort
by Doji-2k1
EURGBP Aug 2022 W.2: Short-term trend!Hi friends, I hope y'all are having an amazing weekend ;) Today, we're looking at a possible short-term trade signal. This trade is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the H&S accumulation phase that aims to retest the 50 and bearish crossed short-term m.a's so that it will fully confirm the long-term bias of both the weekly and monthly. However, this counter-trend signal might be rejected, by having the price dramatically drop in direction of the overall trend. With that said, let us take a look at how the bulls and bears might behave in triggering our trade and dis-confirming it. Bulls: -If the price bearish bounces off the Daily Half a Bat Neckline and 8 m.a with a bullish reversal candle pattern, that will trigger out trade or confirm our bias. I call this type of trade signal a "Double Bottom B-E.1". Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the Daily Half a Bat Neckline together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trade or bias. The price would be preparing for the long-term trend I mentioned earlier on. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Spha Thwala.
Long
by Doji-2k1
XRPUSD Aug 2022 W.1: Medium-term trend!Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a bullish counter-trend signal that's derived on the monthly time frame. If you look at the monthly, you'll see that the price closed with a bullish reversal candle pattern that represents the huge double tops accumulation phase. The patterns neckline was previous bearish broken and not retested together with other key levels. Usually, when the price broke and didn't retest key levels and closes with a reversal candle pattern that faces the targets. it trends or counter-trend to them. With that said, let us take a look at how the bulls and bears will trigger our trade and dis-confirm it. Bull: -If the price bearish spikes the 50 and 8 m.a's with a bullish reversal candle that's followed by a bullish break and retest of the Mini Weekly Neckline, that would trigger our trade and confirm the monthly's counter-trend signal. I call this type of trade signal a "Double Bottom B-E.2". Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the 4H Neckline 3 together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trade, and we'll wait for another set-up. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji.2k1
BITFINEX:XRPUSDLong
by Doji-2k1
BTCUSD Aug 2022 W.1: Medium-term trend!Hi friends, I hope y'all had a fantastic weekend ;) Today, we're looking at a possible bullish trend that's derived from the monthly time frame. On that time frame, the price closed with a bullish reversal candle pattern in the double tops accumulation phase after previously bearish breaking and not retesting the patterns neckline together with the ascending trend line, 50 m.a and bearish crossed short-term m.a's. Usually, when the price has broke and not retested key levels and closes with a reversal candle pattern that faces the targets, it counter-trends to them before it continues the overall trend. With that said, let us take a look at how the bulls and bears might behave in triggering our trades and entirely dis-confirming them. Bulls: -If the price bearish bounced off the Mini Daily Half a Bat Neckline, 50 m.a and bullish crossed short-term m.a's with a bullish reversal candle pattern close (1st trade signal) that guides the price to bullish break and retest the 1st Daily Key Lvl (2nd trade signal), that will confirm our trades and the price will be rallying for the huge triple bottoms 3-level trend that will probably end on the last take profit point. I call these trades a "Triple Bottom A-E.3 signal". Bears: -If the price forms a bearish reversal pattern that leads it to bearish break and retest the Mini Weekly Neckline together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our trades, so we'll sit back and wait for another trade signal. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji.2k1.
BITFINEX:BTCUSDLong
by Doji-2k1
GOLD July W.4: Short-term trend alertHi friends, I hope y'all had a fantastic weekend ;) Today, we're looking a beautiful short-term trend signal on this baby. This trend is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the double tops 2nd level. Usually when the price closed in that manner, a counter-trend occurs that will retest previous broken and not retested key levels before trend continuation. In this situation, the price seem to want to do that, however, there is a probability for the counter-trend to not play out because as you know there's no certainty in the markets. With that said, let us discuss how these trades will be triggered and entirely dis-confirmed. Bulls: -The price bearish bounced off the Mini Daily Half a Bat Neckline, 50 and bullish crossed short-term m.a's with a bullish reversal candle close that is followed by a bullish candle (1st trade); if that trade signal leads the price to rally to break and retest the 2nd 4H Key Lvl (2nd trade), that will fully confirm our bias. I call these trades a "Half a Bat B-E.1 & E.2 signal". Bears: -If the price bearish breaks and retests the 1st 4H Key Lvl together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our bias. Thus we won't be taking any trade. This is not financial advice, but if you interested in taking these trades with me, these are their signals: BUY E.1@: 1728.48 Lot Size: 0.07 S.L @: 1720.28 (-0.43%) T.P 4@: 1787.49 (+3.14%) R/R/R: 1:4 BUY E.2@: 1741.00 Lot Size: 0.07 S.L @: 1732.37 (-0.46%) T.P 3@: 1787.49 (+2.47%) R/R/R: 1:3 To successfully manage the trades in cutting their loss short, follow this strategy: -If the price bearish breaks and closes below the Mini Daily Half a Bat Neckline, then you should close the trade...(E.1) -If the price bearish breaks and closes below the 2nd 4H Key Lvl, then you should close the trade...(E.2) To successfully manage the trades in letting the profits run, follow this strategy: -If the price triggers the 2nd trade signal, then you should move the stop loss to B.E...(E.1) -If the price triggers the Half a Bats C-E.1/E.2 signal, then you should move the stop loss to B.E...(E.2) That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1.
FOREXCOM:XAUUSDLong
by Doji-2k1