COINBASE:BTCUSDT This is more about what i did in confidence than a strategy but maybe anyone commenting can help understand WHAT CAUSED the trend reversal as opposed to what we find all the time "How to spot a trend reversal" SO lets get into the story of what happened. Sorry but this is a long one. •What happened •my prediction •what I'll do next What...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for AUDCAD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Talking about very choppy major FX pairs yesterday and how MSPro looks for opportunities in choppy markets. Also working on a 3rd strategy which is a reversal with fixed ATR TP + risk management rules.
Ethereum has recovered back above the .382 Fib retracement level originally drawn from the MAY 2021 crash. This has proven to be an important level in the past, and most likely will trade sideways in between the .382 and the .5 (Dows theory) level as it did in SEPT. 2021, assuming it is able to hold above $2821. Assuming that it does, I see a retracement track...
As simple as that. we need to confirm trend reversal by hitting the trend line at 37.5k and reverse from there upwards to 44-45k.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURUSD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
The holy grail of stock investing , IMO, is predicting and or even confirming a market crash, a trend change from bullish to bearish that's going to last for an extended period of time. I'm defining a 'market crash' as a trend change from bullish to bearish or bearish to bullish. How do we know when a pullback or correction is just that and when it's the start...
Hello everyone, if you like the idea, do not forget to support with a like and follow. BTG is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes. on H4: BTG is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our...
Bitcoin Dominance has bounced twice off of its historic ATL support level. If we see a reversal, it will lend credibility to idea of an epic Bitcoin run up many are anticipating and BTC will outperform most (especially large cap) altcoins. happy trades, CD
Hello everyone, if you like the idea, do not forget to support with a like and follow. USDCAD is sitting around a daily resistance in blue so we will be looking for sell setups. on H4: USDCAD is forming a channel in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing...
Hello everyone, if you like the idea, do not forget to support with a like and follow. XRP is approaching a support zone so we will be looking for buy setups on lower timeframes. on H4: XRP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing....
Hello everyone, if you like the idea, do not forget to support with a like and follow. IOTA is overall bullish so we will be looking for buy setups on lower timeframes. on H4: IOTA is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger...
Important things to note: I bet that last retracement had you sweating LOL Fortunately everything looks fine. If you are looking at BTC the price will retrace above the new higher low we had as to not create a H&S. ADA is just retracing. I expect an upward push to price target. Price target is marked on chart in green. The major resistance is in yellow. The...
Current trend is : CHOP - Bearish in reversal . That means if you want to play safe with the trend , this is a no trade zone. Further analysis: S1 has been broken, showing bull pressure and trend weakening S2 zone remains the bulls objective to confirm a reversal. Until we did not break S2, we cannot confirm a reversal. S3 zone is the target for bears:...
Something else to watch out for is the RSI divergence forming on D1 + ascending broadening wedge, possibly signalling a trend reversal. All of this near a very important level of 48-50k from which the sell off begun in May. Could this be a massive bearish retest? This could add extra confluence to the previously shared bearish weekly outlook and we can see that...
The chart is unambiguous on this one to be honest. Not much to say, but a lot to see.
Bitcoin came down! Now that it looks more like it will reach new lows (than yesterday) I want to share a bullish perspective. This is what I have been calling the 'coconut long'. It's where you get a horizontal value area, followed by a spike low, followed by a horizontal value higher than the previous hva. Price has a tendency to dip down closer to the spike...