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Are We Finally About to Break This Range??!!BTC continued to perform strongly into the weekly close and open, and this morning it is facing resistance at the $22.4k level which was rejected 10 days ago. This time, there does seem to be more strength and the price is holding this area better. If it can close above $22.5k, the next obvious target would be clearing $23k which would take us out of the range we have been trading in over the past month. If we were to see a pullback, $21.7k-$21.5k looks a good area to see a reaction from. It will be interesting to see how US stocks open today, futures looking green at the moment.
BITSTAMP:BTCUSD
by Chiefrafba
SP500 can rise back above 4kThe end of last week was a good one for stocks with a Pin Bar reversal on Thursday and a strong bullish day on Friday(also the weekly candle is a Pin Bar) At this moment SP500 is facing a confluence of resistances given by the horizontal 3900 and the falling trend line and a break above these could lead to further gains above 4k and to the next resistance at 4090. I'm bullish this index and I'm looking to buy dips. A drop under 3700 would negate this scenario
OANDA:SPX500USDLong
by Mihai_Iacob
2
Quotes of a winning traderHi everybody! today we gonna focus on what is the mindset of a winning trader. what does he think and what differentiates him from a looser based on his way of thinking. We gonna check a non-exhaustive list of several quotes that may be interesting to know and remind. These quotes are all written on my notepad, I advice you to do the same: have a notepad with all the trading knowledge learn over the years. at first ----------> Dont forget to put a like and follow me if you want more content let's go ! 1)Trade what you see: its important to not have bias on trading, technical analysis allow you to have an idea of where the price may be heading and allow you to make a quick decision based on it. Your bias will only make you more confuse and may make you miss plenty of opportunities (as well as leading you to ruin). When you are going to analyse the market, dont forget to let your emotions behind you. 2)Plan your trade and trade your plan: as simple as it sounds. just draw a chart and trade it, if you dont have a plan you dont have rules and if you dont have rules you wont win money. 3)Trend is your friend + dont fight the FED: setups that follow the trend have more probabilities to be winners, therefore its better to favor bullish setups when trend is bullish and bearish setups when trend is bearish . Trend reversal setups are pleasing( a good ego booster) but keep it exceptional. also the "don't fight the fed" part correspond to stock market, when you know there is economical measures like Q.E just follow the movement. dont expect to be the top shorter, you'll need a lot of luck. 4)Trading is 80% psychology and 20% technical analysis: you surely listened to that one somewhere, its very famous. The winning trader have adquired strong rules of psychology and a solid mindset(they respect it) that brought them to become winners. these rules make them confident and peasible, they feel safe when working because they know odds are at their side as long they respect the rules. 5)Buy low and sell high: Buy low, sell high is a strategy where you buy stocks or securities at a low price and sell them at a higher price. This strategy can be difficult as prices reflect emotions and psychology and are difficult to predict. Traders, thus, use other tactics, such as moving averages, the business cycle, and consumer sentiment to help decide on when to buy and sell. 6)Cut your losses, let run the profit: The basic idea behind this particular saying is to encourage traders to get out of losing positions quickly, but have the patience to stay in winning trades and resist the tendency to sell winning positions early. Assuming the trader follows a sound trading strategy that has an edge over time, following this rule allows profits to accumulate over time, while drawdowns are kept at a minimum – resulting in a much more enjoyable trading experience. 7)Patience is key: One of the best cardinal rules and day trading advice is to be patient. Patience is key, during the day, there may be many opportunities. It is best to wait for the right opportunity pursuant to your specific rules and trading plan. Sometimes you won't make any trade at all, that's why it's not always easy being patient. Most of the time you will find yourself in profitable trades as long as your patient and vigilante. 8)Good trading habits + good trading plan + good trading rules: i think its clear, there is no need for more explnation to this one 9)Set and forget: is whereby you open a position with a pre-defined stop loss, take profit and entry location, and once the trade is activated, you let it go with no trade management. This means you let the trade run until it hits your take profit, or your stop loss. Hence the name ‘set and forget‘. you have an entry, an SL and a target so just let the price fluctuate, it'll give you a result at the end (loss or profit) there is no need to interact since you already have the parameters. 10)Trading is a game of probabilities: know your probabilities by heart. every winning trade know very well how to play with probabilities in order to achieve his goal of becoming successful. Dont forget to put a like and follow me if you want more content Thats all, I wish you the best. Have a nice week !
BITSTAMP:BTCUSDEducation
by UnknownUnicorn41061907
5
[ALERT] Bearish megaphone on the ultra important 1.000 lvl Hey everyone, today EURUSD is flirting with the 1.0000 lvl which is ultra important psychologically for investors and institutionals. Bearish momentum is strong since its been week that price fall, meaning we are in a bearish trend which give more consistency for this trade. Currently price is stagnating and forming a megaphone pattern which can lead price to 0.98 extremely fast because of crowds movements and institutionals. I would take a short when the megaphone will break and aim for the target. Tp's are also set on chart. Moving averages are crossing bearish as well, everything indicate that this setup is of great quality and must have a high winning rate Don't forget to like and subscribe for more content See you soon
by UnknownUnicorn41061907
Gold Bullish crab + bullish engulfing - Rocket to 1880Hey everyone, today we have a nice bullish setup on gold based on a bullish Crab (harmonic pattern) which is a pattern with a very high winning rate of 90%, so this trade should go well. Also there is the bullish engulfing which is a trend reversal candlestick where the buyers engulfed the whole bearish candle, meaning that bulls took all the strenght from the market and are now preparing for an impulsion. and also price is above moving average indicator so it is the perfect moment to buy. This trade have a nice Risk to Reward ratio of 1:6. Don't forget to like and subscribe if you want more content See you
OANDA:XAUUSDLong
by UnknownUnicorn41061907
Gold could drop 400 pipsYesterday I said that Gold could correct to the upside and, indeed, the price had an intraday correction to 1744. However, bulls were unable to hold gains and the price fell and close the day in red territory giving us an indication that the market is still weak. At the time of writing, Gold is trading just above 1720 zone support and it seems like is pressing down. A break to this support can lead to continuation to the downside and expose important 1680 support. As I mentioned in my previous commentaries, I'm bearish as long as the price is under the 1750-1760 zone. Sell rallies remains my preferred strategy.
OANDA:XAUUSDShort
by Mihai_Iacob
8
Bitcoin YOU STILL HAVE A CHANCE TO SHORT - Triangle patternHey everyone, we've got great profit from our short on last friday. And now i've noticed an other bearish setup with high winning rate it is based on this trangle pattern as well as moving averages. Price broke the structure at 21k and is now ready to make the next impulse with a target around 19.500 It have a great Risk:Reward ratio of 1:6 Don't forget to like the chart and subscribe for more content. and tell me what you think in the comment section Have a nice week!
BITSTAMP:BTCUSDShort
by UnknownUnicorn41061907
1
Bitcoin- Is now or... a new low:)In my yesterday's comment, I've written that bulls must keep the 20k confluence of supports intact, and is imperative to have a reversal from here if we are to hope for 25k soon. At the end of the post, though, I've warned that the trend is grossly bearish and this is a highly speculative and risky trade... At the moment of writing, Bitcoin is hovering around 20k, and even if technically my yesterday's analysis can still work, things are not looking good. There is an obvious lack of power and interest when it comes to BTC and the crypto market and what seemed to be a break of a triangle can be in fact a flag ready to be broken to the downside. So, as the title says, bulls must reverse from here, and soon and for confirmation BtcUsd needs to pass 21k, only then we can hope for 25k. On the other hand, a break under this support would negate the 19500 higher low, would put the flag into play, and most probably will lead to a new low under 17500 I'm closing my long trade on BE and wait and see.
COINBASE:BTCUSD
by Mihai_Iacob
4
GbpJpy- New drop to 160 zone?After reaching 160 important zone last week, GbpJpy has started to rise and made a local high above 164 yesterday. However, bulls were incapable to hold gains and the market closed in the red. Overnight also the trend line was broken and yesterday's high can mark a lower high in a sequence that started in late June. I'm bearish on this pair as long as yesterday's high is in place and I expect 160 to be touched again. Sell rallies is my strategy
Short
by Mihai_Iacob
6
UsdCad to break resistanceSince last year's low at around 1.2, UsdCad has traded upwards, putting in higher lows on our daily chart. In the past month, the pair is staying in a range, but the pressure is to the upside and a break of resistance looks imminent. Buying dips under 1.3 can be a good strategy and bulls who target 1.35 next important resistance with a swing trade can have a more than 1:3 R: R for the trade. A break back under 1.28 would negate this scenario.
Long
by Mihai_Iacob
4
Bitcoin- Up after confirmation of supportLast week, Bitcoin has broken above the descending trend line resistance of the symmetrical triangle and reached a high of 22.5k. Now the main cryptocurrency is correcting this leg up and a new up move could follow. 20k zone is confluence support and in this zone, bulls can look for buying opportunities. However, keep in mind that the trend is grossly down, and a break and close under this important support could lead to further losses and most probably to a new low under 17.5k
BITSTAMP:BTCUSDLong
by Mihai_Iacob
10