Simple easy take profits on bitcoinThis is really just for me. And for my own community online. Not meant for the trading view community.
I am just testing out the tools and the functions of trading view.
Simplepatterns
GBP/CADvery very simple setup up , nice reject on the previous lower low support line look to continue this down as its in a very clear downtrend . super simple strategy just using clear trends and break and retests.
GBPCAD Short Some more clean and simple analysis, there's a clear HS pattern that has formed (Highlighted by the blue boxes) and the price is currently rejecting off a solid resistance area just below the neck line. From here we should see the price nicely move to the downside hitting previous support zones and possibly breaking through each one pushing lower and lower, we'll have to wait and see. My targets will be set around the previous support areas and my stop loss will be placed above the previous resistance area. I'm aware that i'm not the only person to have picked up on the HS pattern on this pair so I feel a little late to the party posting this one but I just thought i'd throw it in there anyway!
GBP/AUD Same setup as the last two. The price is retouching and rejecting the previous support/resistance zone. Stoch is oversold.
EUR GBP long GBP we think is getting a little bit weaker today, due to the demand zone being hit and needing a bounce back to the 4 hour supply zone.
London session will tell us more where to act.
EUR/AUD LONG - 5. FEB. 2020Price is most likely to make a push to the upside. This pair is risky right now though because of the news so be careful.
"Comment", "Like" and "Follow" are appreciated! Have a good day everyone!
GBP/AUD LONG - 3. FEB. 2020Price is rejecting the uptrend line. Buy now!
"Comment", "Like" and "Follow" are appreciated! Have a good day everyone!
GOLD - Classic Butterfly SELL PatternClassic Butterfly SELL Pattern in GOLD. I would wait for an entry confirmation inside the highlighted zone before entering the trade.
Price is at a significant level of structure. So most probably market will make a retracement to the downside before breaking structure
to the upside. Therefore it is highly possible that market might at least reach one of these profit objectives before making any further movements.
Reward/Risk = 4.4
Profit Potential = 700 Pips
Maximum Risk = 166 (Risk can be reduced after getting the entry confirmation of the trade)
Note: This is merely a trading idea of mine and should not be considered as any kind of trading signal or advice.
Gear up for shorts BCH, BTC, ETHTrend maintains down, even after the huge 30%+ rally up in the past days. Higher high was not made. Fibonacci, MA, Resistance, Supply/Demand levels, Psychological price levels ALL HAVE BEEN TESTED at 300$. A good place to start building your short positions again.
All this follows the strong bitcoin breakdown we experienced a while back. See related ideas.
GBPAUD - LONGWeekly bearish flag pattern with market momentum pushing towards the top of the trend before a wave of sell orders.
On the 4hr we see a break out and bullish wedge pattern formation towards the upside.
What is GOOGL doing???GOOGL has been following an uptrend line all of 2019. Today it closed pretty much right on the line...
There are two potential outcomes at this point. Either GOOGL bounces here or it breaks through the uptrend line.
Either way, this is a great place to start a trade and use the uptrend line as your guide.
Reviewing Gold on Weekly Time Frame using Simple AB=CD PatternHi, I made a look back since 10 years ago on gold on a weekly time frame.
I found an amazing pattern yet simple pattern (AB=CD) and using fibo level to determine entry level.
Trend 1 (Bullish) : October 2008 to August 2011
Trend 2 (Bearish): September 2011 to December 2015
Trend 3 (Bullish) : January 2016 to present
With help of the fibonacci extension level, the zone between 1.217 and 1.618 is the optimal point where the market reverses its trend. (see chart above)
What does it mean? Applying the same strategy, we can see that the current price range (i.e. 1525 to 1635) is within 1.217 and 1.618 fibo level.
Based on this analysis, I believe the gold will reverse it trend before continuing the next bullish cycle.
Look for opportunity to short the market and ride the downtrend.
If this analysis helps you, please hit the "Like" and share to help others as well.
Please leave your comments below or send me a message.
1 More week of Consolidation? BTC is ready to run with BULLSHeya All,
After watching endlessly 5 minutes, 1 hour, 4 hour and daily charts that barely move, it is hard to not give in to a slight sense of fear and uncertainty and question all the motives that brought you to this asset. The fear intensifies as we watch all the experts, YouTubers and analysts that do not really think twice before speculating with doom and gloom scenarios and will draw Fib Circles of death and capitulation that point straight to the crypto abyss.
(To be fair, I love that "Fib Circles of Death" guy... he is a crapy analyst and chartist but maan he has a talent and vision of an artist - Check his latest work for sure, it is beautiful... print it, frame it and hang it in your office).
Back to the business - Despite all the speculations and probably the thousandth FIB circle of capitulation averted, we have to look at higher timeframes and see that probably the first time in a while we see the full long-term bullish momentum developing, here are why:
1. We have an incredible bullish line up of all the momentum oscillators, pretty much everything above daily is pointing up and shows the true potential of the tend.
2. Monthly RSI and Stoch has finally moved to the bullish control zone and is predicting the great future for next year to come. This is a very rare occurrence, which happens once every 2 years and is usual prerequisite of the new bull market.
3. Weekly indicators VWAP and Neural network-based momentum combi crystal ball oscillator on weekly also shows the return of the bullish green forces to the market.
4. EMAs are diverging from each other in an orderly and beautiful fashion; in a fashion, that you'd expect to be common for trending bullish markets.
Some additional observations from my side:
- Weekly 21 EMA is now trailing at 8900 and most likely will continue to go up as the time passes and we shuffle in between pre-established support-resistance lines, drawing longer and longer triangles every week.
- At this point, I really, really don't see any way of price dropping below 9400 level. Well, there is always a possibility of USDT going bust or some other black swan event occurring.
- Wet dreams of gap believers most likely will not come true, unless the "Fib Circles of Death" guy turns out to be right all along and BTC will capitulate over and over again like a porn star on Sibian at Howard Stern's show.
Hope you appreciate my rather humorous tone of this post. If I have offended anybody, I simply don't care, yet I encourage you to express your anger in the comment section below.
Subscribe for more and have a freaki'n productive as well as profitable week ahead.
Cheers
Archie
AUD/USD : Do You Like Simplicity BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
EUR NZD, 4H, INVERTED HEAD & SHOULDER IDENTIFIED, LONG MARKET simple set up, example of how we would enter this market at 1:2 R:R
Bullish triangle pattern on BitcoinThis is a plain and simple pattern. No need to complicate this. If BTC breaks the upside with quotes over ~8300 USD the bullish trend will continue (more likely). At least until ~9000-9400 USD
If the unlikely scenario happens that BTC breaks to the downside (like ~7200 USD and lower) we'll see further falling prices.
nice break and retestA nice structure based wedge has formed along with a nice pullback. very nice risk:reward on this trade, entered slightly late but still very high reward. leave any thoughts or ideas in the comments and happy trading:)
