Quarterbacking a few BTC moves The chart shows three potential moves I might make depending on which way BTC breaks. The chart uses a pitchfork and fib retracement. The 20, 50, and 200 EMAs are also shown as support and resistance.
Short-long
IF WE DON'T REJECT THE TREND-LINE I'M QUITTING TRADING/POSTING Either my bias gets confirmed here and we reject the downtrend or I'm wrong, get stopped out and quit trading/posting for at least the rest of 2021.
CADJPY(1D) - KILL ZONEIt's a kill zone. But wait - that doesn't mean that if you short in the kill zone you're gonna make loadsah money!
It means that you need to be able to afford the loss.
I never hide potential losses in any set up. Trading is about risk of failure and losses, so I always keep that in focus.
One does not have to trade a 1D time frame. There are numerous micro-trends in a daily trend which are far safer to exploit.
Stay safe. Don't burn cash. Wash your hands and face. 😂🤣
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTC Looks Bullish to MeThe bears have had multiple opportunities to take it under 30k and they haven't. BTC Looks Bullish to me after this breakout, retest and resumption.
BTC swing analysis. July - AugHey traders, just an update to this rather volatile trading pair. I do apologize for not being active enough to bring out charts on a frequency to keep up with the market momentum, it's really been quite a wild ride lately, especially on the 4h and below. With that said, I'd like to focus the attention on a controversial topic of BTC and it's possible/likely wicking of the teens region.
This chart is actually really simple, it's built off the same things all of my charts are: S/R, trendlines, a few spiderlines that I added that aren't really integrated into the TA but rather supporting factors to existing trendlines and support regions, and finally the Gann Fan which is nice to accompany a strong trendline and gives a good visual presence of boundaries if it's done accurately. To add, I drew a path of *roughly* where I expect the buyers and sellers to lead BTC, and hastily estimated max pain regions.
I also added the timeline at which is about the elapsed period before closing the gap between our current zone and the floor, which conveniently happens to coincide with the start of a new month candle -which I have a strong suspicion will be a nice solid green- (something we haven't seen in a while). right now, it's pretty much whales trading BTC back and forth, and the traders caught in the middle either making or losing money, there's *some* investors buying in; but the general consensus doesn't want to invest in BTC at 30k+ they just want to trade it at 30k+, and I think that will remain the issue until we hit lower lows. FYI I mostly trade alts, so if anyone has any requests, I don't mind making a chart, as long as it's not a sh-tcoin ;)
Huge bearish divergence Huge bearish divergence on the RSI indicator. Correction is probably on its way, atleast 5%. China markets are majorly down, and are also looking to drop atleast 20%, check the 1 month chart.
EURUSD long or short possibilityWaiting for bounce or broken trend line and support. Keep an eye on news!
EURJPY Possible Bearish or bullish MoveAs you can see the chart is at a resistance point. the next big movement is based on which direction the chart would move. if it breaks the bottom then it's a short, but the opposite is a chance for another long.
ETHEREUM/USDT AT RESISTANCE AREA CURRENTLY ETHEREUM IS AT RESISTANCE AREA IF IT WILL BREAK HER RESISTANCE SO IT WLL GO UPWARD AND IF CANT SO DOWN.
HOPE YOU ALL ARE FINE.
Gold: Waiting for better Long PositionGOLD is consolidating inside the Bearish Pennant.
Expecting to finish the wave count at around 1789/ 1792 and continue down to 1753/1755.
Hoping to find a good support there, if not 1730-1740 area is next big support off the main Trend line.
This is my view based on what I have observed as of current. All constructive comments are welcome.
Disclaimer: This is not a financial/ Trading advice.
EUR-USDeur usd is on a good place so i thought lets try something pen 2 trades 1 long 1 short lets see who wins
its just for educational purpuse
EUR/CAD Analysis Welcome back! Please support this idea with a LIKE if you find it useful.
*** EUR/CAD - Price could potentially break weekly support, or retest previous resistance for a continuation to the downside. We will keep our eyes on the highlighted zones and weekly support, and align our entry criteria rules for a nice short or long opportunity. Be sure to follow your entry criteria rules. If you trade KiSS 2.0, keep your eyes on major technical levels for the best potential trades.
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Brian Kenya Horton, BK Forex Academy
BITFINEX SHORTS HAVEN'T BEEN THIS HIGH SINCE 2019 (bearish) BTCGood morning traders,
The last time bitfinex shorts we're this high was late June 2019.
We're currently sitting just above support $30,000 and have seen a shooting start on the BTCUSD SHORTS chart which may indicate a messy weekend and support lost.
Support levels below:
1) $28,888
2) $23,888
3) $19,999
4) $14,000
5) $12,500
6) $10,500
7) $9650
Not saying we hit all support levels but you should keep them in the back of your mind in case we see an extended bear market and head down to the $20,000's and $10,000's.
AUSSIES: Advance noticeIt's not quite a head and shoulders just yet.
This is about watching for potential situations and preparing for them.
As I showed in other charts, sometimes we can get a a second right shoulder in ultra-bullish markets but there is no law on what can happen in these markets.
Readiness is (almost) everything.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
doge/usdti think its going down but im not sure yet it depends on btc we have to wait before we enter short or long
share you're toughts on this one
-- dont take it as financial advice im still learning and i can't predict the future no one can!! --
GME DOWNSIDE GAP FILLI would rather us fill this gap to the downside now, than have to worry about it later. But GME looks extremely primed to rip, as always gaps fill whenever they want to.
SHORT for the short term.
EURUSD Incoming Short SetupWe are now short biased on EURUSD. The dollar roared last week and if you didn't catch the last trade set up you missed out big! (shoulda followed me)
But fear not, this weeks major move is starting to shape up. With no pressing news this week the trend should continue down. This setup as shown itself as a possibility.
A small head and shoulders has appeared on the 4hr time frame and with a break of the neckline now you may look for buys on the 15min/1hour only. This should lead into at retest of the 1.20 area where sellers are sure to come in strong. There is a bit of imbalance slightly above at 1.205 so do not fear if we get a quick run up to that area. Set your stop losses far out of that range and manage risk accordingly.
<3 Happy trading friends.
Like/follow/tip/share/ all that bs
Bitcoin possible scenarios for the mid termDescription and reason are mentioned in the chart.
This explanation has been made by looking at the past and technical analysis.
The probability of a downtrend is stronger.
But the possibility of an uptrend has also been drawn because the fundamentals have already affected the price.
BNB Pay Attention!Hello Community!
Let's take a look at BNB on the Daily TF. It is at a crucial point right now and I believe the strength or weakness it shows in the next 2 days will determine the direction the market will go. If it breaks below the white line we can see it head towards the orange line for the next support. If it breaks above the greenish line that will be a clear show of strength based on this TF and I would be looking to go long. The Crypto Market follows BTC movements so at the end of the day it comes down to what project you have faith in the most. The main difference is some coins will have stronger movements (Bullish or Bearish) based on how BTC moves. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
8% DUMP INCOMING? BULLISH STRUCTURE BROKEN (measured move) BTCHello traders,
Bitcoin has failed to reclaim the $40,000 level and rejected pretty violently and we're now half way in this range ($30,000 - $40,000) currently $35,500 zone and still weak.
$33,888 is likely the first stop once we start to free fall.
