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Exceptional times Watching the charts over the last 2 years now have been "INTERESTING" & even then, it's probably an understatement. But in all fairness; although the news is often priced into the chart, we have seen exceptional circumstances. We saw a de-coupling of Britain from the European Union, what a cock up that was & only now the fall out's are becoming obvious for many. We had the whole Trump <> Biden saga, possibly the most intense and viewed battle for the power seat! Some people say Trump would have finished world war 3 before it began, others say Biden struggles to start his pace maker. (not an American, or bothered by the political situation). But you have to take note of the global impact these events have had, over all tradable instruments and asset classes. We can't forget this as also been during the COVID era. World wide disruption; amazing how it's ravaging the air above 4 feet, but if you sit in a restaurant - it passes over your head. We have seen world leaders have BBQ's at the G7, Policies being changes prior to campaigns and ever increasing vaccine mandates. All of this will impact the charts! Now we are heading towards a potential world war - Politicians, screwing whoever they want. Simply because they can. Another major issue for the charts and various instruments; you have to sometimes wait for the market to settle or search for unusual opportunities. ** This is not political or giving any bias or view in any way** It's merely highlighting what we have been through these last couple of years, market sentiment will change and evolve with such events. So the message is stay safe, think of the impact such events could have when trading - deploy proper risk management! Have a great week! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
6
FEAR, TIME TO ADD LONG POSITION.Weekly Time-frame We are still bullish, and inside the Ichimoku Cloud Tenken Sen Support Area is in $40,467. Relative Strength Index (RSI) is still bullish. We got rejected in the final strand of EMA Ribbon so we went inside the could, and we will still retest the resistance area soon. 1D Time-frame EMA 144 and 233 was a strong resistance level, we got rejected and even broke the Ichimoku Cloud Senkou A. Bouncing area is $40,594. If we still break the support of $40,010. if it doesn't hold, next support is at $39,056. Greed and fear Index is 33 back to fear. alternative.me Liquidation is $222M mostly long position. That would be a potential bullish in the coming days as all long position gets closed so it will pump again. We are still expecting it to form higher low to continue the up-trend. 4H Time-frame We have broken Tenken Sen and Kijun Sen support of Ichimoku Cloud. Next support is 144EMA and 200MA are both located at $40,745. EMA 233 support is in $40,961. 4H TF still in the Retracement period in our Awesome Oscillator. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.PLong
by Trade_Scholar