#Crack #Bitcoin #Binance #4hour - The downtrend is strong enough that the rebound at the end of February is insignificant. - Currently, BTC is confirming the support of the Volume Profile section that was created during the uptrend at the end of February. - In the big picture, it rebounded by raising the low without renewing the low of $32,917, but in the last...
Here are some of the supports/resistances and trading setups I am considering. EURUSD: EURJPY: USDCAD: EURGBP:
#EURGBP #4HR #FXCM - FX likes parallel channels very much these days. I am waiting EUR/GBP to break the top of blue falling wedge which I find it very steep. - The area that caused a sharp bounce today is the confluence zone where yellow channel and bottom of the wedge overlap. - If we see another swing low, I am expecting to enter long position at the support...
#BTCUSD #Bitstamp #Weekly #Log #EW - Hello traders from all over the world! It’s been a while since we’ve looked deep into the possible scenarios of Bitcoin in long-term EW perspective. The uploaded images are BTC weekly log scaled chart. Personally, I believe that spotting market trend and price actions utilizing Elliott wave theory is not that significant. So...
#EURGBP #Daily #Europound #FOREX #Tommy - The market has been quite tough for many commodities recently due to the effects of the global economy. - The FX market is not exceptional and it has never been this brutal. Nevertheless, who should we blame as a trader? It’s not the whales or other stakeholders in the market. It should be ourselves since trading is a...
#CHFJPY #FOREX #4H - Here is CHFJPY 4H chart. I have drawn a short entry area with a green box. - It has been entered already and a decent amount of rejection was shown. It would have been better if I posted before position was entered. - Anyway I think these short trading setups drawn on the chart has fine RR Ratios.
#BTCUSDT #Binance #Daily #Midterm - What a sharp drop! Bitcoin was rejected thoroughly at 52K zone which is around bottom of the major orderblock formed around early May 2021. - I have addressed this very resistance gathering technical factors such as numerous upward trendlines, top of the parallel channels, and projection/expansion/retracement levels of the wave...
#ZN1! #10YearTNote #Weekly #CBOT - I took a deep look into the 10-year Treasury Note, futures commodity. The chart above is weekly. - In Elliott Wave Theory perspective, an assumption has been made that the bullish wave starting from the swing low at 117’13’5 to the swing high at 140’20’0 as am impulsive 5-3-5-3-5 zig zag wave structure. - With that said, I am...
#BTCUSDT #Binance #4HR #Midterm #Elliottwave - It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances. - Out of countless Elliott Wave counts, I’ve summarized those that are relatively more...
#BTCUSDT #Binance #4HR #Midterm #Elliottwave - It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances. - Out of countless Elliott Wave counts, I’ve summarized those that are relatively more...
#BTCUSDT #Binance #Daily #Tommy - Assuming that the high formed at 42K on Jan 9th of 2021 is the blue impulsive wave 3, these are some of the Elliott wave countings that I am personally in consideration. - The counting at the upper left is one of my primary scenarios that Bitcoin is going through. I denoted the upward impulsive wave at 29K~66K as an ending...
#CADUSD #Futures #6CM2021 #1HR - Here is CADUSD futures 1hr chart. Currently, yellow upward trendline is supporting and a short-term bottom has been formed at 0.82370. I am more bearish when this bottom fails supporting. - When that happens before 5/20 19:00, I am looking at 0.82200~0.82280 as a short-term support. If you wish to enter long here, make sure to...
#BTCUSDT #Binance #4HR #Tommy - Here is BTC 4hr that showed a sharp V shaped bounce around 30K with that long candle tail at bottom and this tells us that the bulls rejected bears very hard thus pushing the price up. - The new low at 30K is where the log-scaled trendline passes. Reason why we need to watch both the linear and log chart. - For now, the most...
#BTCUSDT #Binance #4hr #Tommy - Here is Bitcoin 4hr chart. A consolidation zone where price tends to move sideways, is currently being constructed in the range of 46K~51K. Here are some of major points to be updated. - A strong bottom has been consolidated around 46K which could be speculated from the point that it made about 4 meaningful lows recently. This...
#BTCUSDT #4HR #Binance #Tommy - Elon Musk is abusing the finance market. Tesla’s recent announcement that they will no longer adopt Crypto technology for their payment system, has shocked the market. - Technically, a rounded head pattern that signals the trend reversal had been formed before a big correction. Some of the similar patterns that could be interpreted...
Here are some of the major supports that I've recently found for GBPUSD. - 1.3939~1.3949, 1.3905~1.3915, and 1.3876~1.3886 Long (Valid until 5/14 04:00) EP: 1.3949 SL: 1.3935 (-14 ticks) TP1: 1.3972 (+23 ticks) TP2: 1.3998 (+49 ticks) Long (Valid until 5/14 19:00) EP: 1.3915 SL: 1.3901 (-14 ticks) TP1: 1.3929 (+14 ticks) TP2: 1.3939 (+24 ticks) Long (Valid...
#GBPJPY #Forex #Weekly #SwingTrades Considerable Support and Resistance Support: 140.000~142.500 (Valid until 6/24) Resistance: 154.500~156.500 (Valid until 5/31) Short (Valid until 5/31) EP: 155.500 SL: 158.600 (-3100 pips) TP1: 149.500 (+6000 pips, RR: 1.94) TP2: 144.500 (+11127 pips, RR: 3.59) #GBPJPY #Forex #Weekly #SwingTrades Considerable Support and...
#USDCAD #Weekly #SwingTradingSetups Long (Valid until Oct 11th) EP: 1.18105 SL: 1.14816 TP1: 1.23313 TP2: 1.27287 Long EP: 1.08238 SL: 1.05497 TP1: 1.12349 TP2: 1.16187