Trend trading opportunity on AUDUSD | UPDATE 22nd of June:
"Last week we've had a clear downside move on AUDUSD.
Right now it looks like this move will continue and we're looking for a possible entry. "
Price reached the resistance zone and it bounced off.
That looks like an appropriate moment to get into a short position.
However, this move is still kind of weak and so we could see another pullback to the resistance zone.
Every impulse and a breakout of previous lows will confirm this direction.
Do not use big lot size when there is indecision in the market!
Update
Bitcoin Update - BTC/USDTBTC break the $33,500 resistance and now trading above $35,000 which is a good sign. BTC needs to hold above $35,000 to give a retest to the $36,000 level. BTC showing strength on low time frames but need to break $36,000 to move upward. Bitcoin bounced from the support zone of $30,000 area. Let's wait for more confirmations.
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Bitcoin update June 21Hello
Bitcoin update 21.06.2021
I still follow my previous analysis.
We touched support line of triangle
Inside the triangle I see falling wedge pattern
RSI-Oversold
Fear and greed index - 23 (Extreme Fear)
We shorted last down movement
And I see good level for swing trade
Best regards EXCAVO
BTC 1D - Short term bullish? Bitcoin is gaining mass adoption. Besides El Salvador, other countries are sure to follow, moving further and further away from the inflationary USD dollar that is causing turbulent economic swings in many emerging markets. It is also important to pay attention to Bitcoin's little brother, Ethereum, which is about to release its London Update. If the London Update is successful in mid-July, I expect Ethereum to pull its big brother along and together they will correct and drastically lift market sentiment again.
And people who talk about a 5k bitcoin or 10k bitcoin, please do me a favour and be honest with yourselves. Even the huge short sums on Bitfinex could not break through the 30k support. The 30k is not just a huge support line but also a demand zone on weekly. And there has never been such a short bull run!!! We're just in the middle of it! Don't fall for the banks, JPmorgan or Warren Buffet. We might dip at mid july below the 30k for a short amount of time (read more below why!)
China redistribution, more decentralisation!!! More and more countries are making the US dollar vulnerable because they do not recognise it as the only currency!
In the short term, Grayscale's big unlocking in July alone would be bearish if accredited investors seek to offset some of their losses (realized after selling their GBTC shares) by selling BTC on the spot markets, but after the bulk of them are over theres like... 0 spot btc sellers left right?
This is just my opinion, it may be wrong. This is not an investment recommendation to buy or sell bitcoin/crypto.
$PINS June Update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has had eyes on popular online product and idea discovery platform $PINS for the past few weeks. After correcting from a previous all time high of $89.90 it now sits at $73.14 per share.
My team expects $PINS to continue to perform well short term. We have placed our first take profit at $84.50.
Entry: 66.05
First take profit: $84.50
2nd take profit: $103
Stop loss: $60
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BTC/USDTBitcoin expectedly approached $ 38,000, now a flat is expected until the end of the day, then the decline is likely to resume. A decrease to $ 36,000 is allowed, lower is unlikely. A decrease is signaled by the Power Balance indicator. Consolidation is observed on the daily timeframe, Bitcoin can stay in this state for quite a long time, the Taproot update will take place in November, most likely, the explosive growth of the coin will begin in September. However, other factors can be positively influenced during the summer.
Bitcoin fell along with the stock market after the Fed's statement.
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AUD ENDS NZD BULL RUN AUDNZD UPDATE: finally after taking a losing trade last week i give this pair a second chance we now see on the weekly chart that a big bearish candle breaks the bullish trendline however it is now moving back up to retest the 1.08344 resistance area TYPICALLY I'd wait until it hits the 61.8 retracement to enter but looking on 4h i can see big rejections but that doesnt mean anything until i see a momentum candle etc from the 4h
going back to the DAILY : what do we see? a rejection of that resistance zone and trendline plus a retest of the broken bullish trendline
on daily we see rejections/bullish exhaustion which means its a very great sign for people who are going bearish on this pair this week
1hr: on one hour i can see a big bearish candle has form but why haven't i entered the trade and to be honest with a big bear like that engulfing but with some what of a rejection shows me that bulls are still in the market so ill stay away from making the same mistake as last week and wait until it hits those key levels and enter if i miss the trade opportunity i rather be safe than sorry
Conclusion : still waiting for price to reach key levels
btw how do you guys like the new theme? lol too blue?
NASDAQ: Finally -I knew we could rely on the bulls! Finally! I knew we could rely on the bulls!
They reached more than 13,818 points in today's trading. With this we reach the ideal target of the wave . So everything is fine for the time being.
From now on, further expansions to the north side can take place up to the 14,000 region. But then I assume an intermediate correction in the form of wave . I am planning the next long trade after the completion of wave and have already entered a preliminary range.
This will be made more precise as soon as the high of wave is finally confirmed. As I said, we can expect further expansions to the north here.
With the step above the 13818 point mark, the bulls are ready for higher prices in the area of 14350.
H4:
BTC/USDTStill we have not seen any major levels acceptance or rejection play
From the rule after dump , instead of v shape reversal if price is Ranging then it most probable to take both range low and range high liquidity before breaking upside potentially, so this giving vibe of two scenerios to get an idea wat it gonna do.
Technically 2 scenerios on the board to play out.
If having Bearish Bias then this " power of 3" rule I'm willing to watch to playout, if this gonna happen I would like to put my bid around 30K to 28k With stoplosses below 25k
if having Bullish Bias then I must want price to at least close above 39k and accept above 7Day Composite Value area.
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🏛EUR_USD SHORT TRADE UPDATE🔥
🏛In my previous EUR_USD analysis, we saw a conclusive breakout
From the rising wedge and a breakout of the horizontal support as well
Now, we are seeing a pullback and a retest of the broken level
The pair is now trading below a supply area
So even if the pair goes higher on the opening
I am still bearish and I think that eventually
We will see a strong move down
With the targets that you can see on the chart!
SHORT CONFIRMED🔥
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BTC UpdateBTC unable to hold above the $37,300 support zone. Market again looking weak after the Elon Musk broken heart emoji with Bitcoin. The two days bullish moment is broken. BTC should hold the $36,500 area otherwise we are going back to the $35,500 area. BTC need some big positive news to break the $40,000 and again turn the market bullish. Until then its keep hanging in the range of $30,000-$40,000.
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DOGECOIN ANALYSIS JUNE 2021
Doge has made a signifcant downtrend way before most ALTS fell now news from supporters of Dogecoin pushing for Doge payments could see Doge increase significantly with projections of +60%
Looking at the 12 hour charts there is some confluence happening between the EMA and MA's lines while the 4hr chart shows approaching the MACD trend line soon we expect some moves. Doge seems to be consolidating.
The key resistance right now as shown on the chart 0.27 if Doge falls below this we should see the price surge even lower.
With some key volume in the month of June and a break out of the resistance zone 0.27 at coupled with a meeting of the MA 9 above the MA 50 we would likely see Doge moving sideways before making an upsurge.
With the support of Doge we could see it rise to $1 now would be the perfect time to grab this Doge opportnity.
Disclaimer:* Not financial advise. Please inform your decisions off your own anaylsis.
Thanks
Marlene
$BABA June Update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team is still up from our previous $BABA entry at $207 per share. The stock now sits at $219.
Our stop loss is also now set at $208 (above our entry), but clearly our long confidence in $BABA has increased, and so has our price target. Our first take profit has increased from $238 to $260.
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BTC update. indecision.Bitcoin is caught between levels at the moment. More sideways movement means a wedge is wedging.
I feel like my analysis of bitcoin is like the observer effect in particle physics, and how the act of observing something changes it. I think the observer effect is a thing for trading too, because when people see a strategy overplayed they start to counter it rather than side with it. Contrarians.
It's also possible I'm trying to explain to myself how lazy I am, and I'm using tradingview as a medium. Why not both.
BTC/USDTBTC UPDATE:
Finally we got monthly close of BTC and it was ok for Bulls.
Bulls showed some strength and now they are holding stronger than before. Currently BTC is around 36800 dollar area.
As long as we are above 34000 dollar area, bulls will be have their time. If we break that, trend will change in LTF.
We are in range bound market from last few days and this range is happening between 30000 dollar to 41000 dollar area.
Break of the range will give more clearance. These are the times when we need to be patient.
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BTC UpdateI am starting to like what I see develop on BTC here. Range lows are holding for now $30-$33.5k range has been strong support. Rinse and repeat until broken. Buy range lows - sell range highs until we either breakout or breakdown. As I’ve said hundreds of times I believe and I really want to happen which will be healthy is for Bitcoin to range and consolidate here for weeks - months.
It has been a relief to take some time off the charts and do the things I couldn’t do the last few months as we grinded hard.
Starting after weekly close, I will be looking for more trades both ways and not just on the long side.
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BTC UpdateBTC reclaiming the triangle again. Waiting for the candle close for more confirmation. BTC should hold $35,500 and flip it as strong support to remain inside the triangle. Market is volatile, just sit back and watch. Don't do futures or margin trading until the picture is clear.
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NASDAQ - THE NEXT STEPNASDAQ:
The next step has to come. The Nasdaq also took a break and went through a slight consolidation phase yesterday. He was about to hit the first resistance at 13,818 ..
The Nasdaq has to exceed this level for my scenario to take place with a high degree of probability. Currently I would say that the probability is 60%.
But the current weakness also shows that alternative 2 must not be forgotten yet. This alternative would mean that we will see prices at 12,600 again. That would be the case if we fell below 12915. In the current scenario, this cannot be ruled out because we are still below 13,818! For this scenario, however, I see a lower probability.
In the closer view everything looks intact to me. In the 30min chart you can see a yellow box. We could correct in this price range before running to 13,818 again. The nasdaq currently only needs a little oxygen;)
Summary:
Only with an increase above 13,818 we get strong confirmation that we will continue to increase. If we exceed this level, we can attack 14064 again. Overall, there is also the possibility of achieving my overarching price target (15,200). But keep in mind that this does not take place without countermovements.
H1 chart:
30min chart:
XRP/USDT UpdateXRP/USD -Analysis: Last week, we were anticipating the breakout out of the symmetrical triangle, which got negated with the price failing to close above descending resistance on the daily. But not is all lost as with have a lot of daily confluence located at $0.7 and $0.75. Firstly this was a previous region of significant resistance which should now act as solid support. Drawing a fib from the low in December to the high in April, we have the 0.618 gold retracement level located at 0.73. We also have the extra confluence of ascending support and the 200 daily moving average situated near this region. Put very simple; I am expecting to see price action develop around this region. Failure to hold this region would be bearish for the price, and lower prices could be expected.
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