Updates for Bitcoin: Bearish Channel Rising Wedge Alert!!!In sca;ing timeframe 30 minutes, we see that Bitcoin has formed a Bearish Channel Rising Wedge, that pattern is continue of the microtrend, in that case is bearish. We continue in bearihs sentiment at this Bitcoin. Logically because there are a buyers hope to buy in this lower level in the exact zone of $9,000 USD. So, what mean this chartist patter?
That mean my frined is a sell off and there are a second opportunity to entry, I alreayd entry in sell at $9,219 USD and I'm in profit, so the moment is the entry in this to sell Bitcoin if you done entry in the higuer zone. So, in the next hours we needed to see a Bitcoin go back to the level of $9,000 USD. So guys, sell Bitcoin, and also, I add another 0.01 lots in Bitcoin to sell because my lots in Bitcoin to sell that I invest was of 0.06 BTC previosuly in sell + 0.01 lots add, So, I have 0.07 lots in sell of Bitcoin
Also, in H4 remember that we are in this bearish BAT with a large longer until the $9,000 USD. And also, as my collegue in my You Tube: The Moon say that as I say you that buyers are hope to buy Bitcoin at this zone as Bears makineg a down the price.
And to see so beautiful, we see in H1 timeframe the elliot wave analysis, we are in the elliot wave # 4 to later in the next hours to find down the elliot wave # 5 at $9,000 USD, if you want to large the target profit you can to do until the $8,950 USD,that is my zone that could reach Bitcoin in that yellow zone on Daily in demand. That strategy are about and absed for supply and demand, that is my strategies what for now I am making success.
Shortposition
GBPUSD - Short Position, R:R 1:5GBPUSD - Short Position, R:R 1:5. I am taking a short trade on GBPUSD after price has shown rejection on lower timeframes (15M & 1H) and is respecting the descending trend line. My target is the next key level at 1.21700 which gives me a great R:R of 1:5. When applying the Fibonacci Retracement tool, price is also showing rejection at the 61.8% level which gives me a strong indication that price will soon drop to the downside.
HUGE 371pip short on CADCHFToday I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41.
I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short.
Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair.
Please let me know your guys thoughts!
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
USOIL SHORTI'm expecting a decent price action in this area and the pair will likely go for short. Let's see how the price reacts here and then booooom!
SHORT Bitcoin dump to confirm new highlow?If Bitcoin is going to the MOON, it's going to need a new highlow which is currently at $6454.
Will this dump confirm or will BITBAY:BTCUSD fall to $300s?
My current target for new highlow is $6767, plus or minus $100
Shorted from $7200 and setup selloffs from $6825 and down!
WINTER IS COMING FOR EURUSDYo traders !
There might be a nice opportunity on EURUSD chart as it seems price rejected the downtrend line and its ready to break the 1.0828 where you have to be very carefull not to fall into a bearish trap.
Meanwhile on the 1D timefrime price breaked the uptrend suport line wich confirms that a bearish wave is coming.
In my oppinion price should reach 1.07719 (TP1) and after it makes a corection to the trend line price may go to next suport level 1.07233 (TP2).
If your analyse matches mine, put the SL above the last high (1.08857) an enter in the transaction.
Remember not to look for big fat wins because only think you will get is FAT!
Have a blessed weekend!