Hoping price will try to retest the around the green area and then rally up, if it does im long on GBPNZD.
Trying a new strat tell me if u see anything meaningfull there.
I just modified to location of the octagram template, so to speak.
Just shorted the EURJPY on the 4hr chart from the green supply zone due to multiple confluences both on the higher as well as the lower timeframe. Looking to take a 3,5:1 on this one. Good luck! TheSupportResistanceTrader
There was a volume accumulation area right before a strong buying activity on Bitcoin. I think that a lot of buying positions were accumulated there because of the bullish activity that came after the accumulation. Now i wait for this small long correction up. I think this is a pretty solid level to go long from because of all the reasons mentioned above.
Potential for a leg up after we run into the 61.8 fib retracement level and the uptrend line support.
Just a quick in-between chart: these are the trend lines I'll be watching over the next few days. The top red, green and blue trend lines are drawn from the past peaks over a long timeframe, to gray bottom line is the long term support line. So, key things to watch: will value drop down again, and if so, will this go up to or down beyond the gray support line....
Hey Guys, Just an Update on big daddy BTC. We are experiencing a 5-3-5 (Zig zag) styled ABC correction at the moment. with major support at 8400 USD price. I'm expecting wave 3 to find support at 8700 with a bounce up to 8950-9000 price region. then we will make the last 5th wave down to 8400 USD. I will update this Idea later with a chart as to why 16000 USD...
Dear trading friends, OMG/BTC in its current state is bearish , thats a fact. First, MACD just crossed signal line going down, which is a sell signal. It broke the mid-term support line that formed since the begining of february and has been dropping since then. EMA20 is starting to fall towards EMA50, but at the present time it is too soon to use it as a bear...
Here I have mapped out two trend lines that are significant in my mind. One is a long term steady incline that started on March 3rd 2017. The next was part of the market explosion in November. The question is which will it settle into? Let me know what you think.
Interesting times ahead. Everyone ready for action?
NFLX is about to make a pretty important decision to either hold up this support trend or break it. I'm betting on the support line keeping it up because of the upcoming winter which is Netflix's best holiday, but we will see. Would like other peoples opinions! Thanks and Happy Trading!
Same chart zoomed in. Please scroll around and explore. I'm very interested to hear opinions on this.