This is a relatively micro formation so the chance that it get busted his higher than average, but the fact that a very lose head and shoulders has formed and that gives day traders a pattern to play in a very technical manner. I have played a bit with taking profit of head and shoulders on full performance of the right shoulder rather than doing calculations on...
BTCUSD has once again slipped the EMA ribbon on the 12h, as well as a trendline which can now act as resistance. It is very possible that price action will have a failed break out attempt and get rejected by the blue trendline once again as shown by the hammer Further that, the OBV EMAS have crossed all bearish, with the 100 above the 20, above the 10, above the...
I follow some choice crypto trading youtube videos and I feel deeply that many of them are failing us. Fundamental concept for price action: when resistance and support flip be prepared for a powerful move. A trend reversal. One prefered trader covered this concept this week, but instead of looking at a multi-year trend they are looking at a month long...
Volume and trend lines gives us, really, about 90% of everything we need for good trading. The Volume Profile, Visible Range, On Balance Volume with EMAs, And Money Flow Index give us a lot of information on volume action and each trend line on this chart is at least two years old. I like to use Kraken as its reputation as the least spoofed and most secure crypto...
Possible right shoulder of a head and shoulders pattern forming on the 4 hour, 6 hour, and 12 hour charts. Target would be 8900-9000 support zone, where the support trendline is. Invalidated with a close above 9650 or so.
Hello, everyone. Thanks for reading. You can sell, risk reward is good. Thanks for reading Dont foreget to leave a like if you liked my idea
Longer term view. This is a likely top area unless if we break out, which would signal a new bull run, particularly if we set a higher high than 10100. Otherwise, seems likely we retest the support areas of the XBTUSD triangle. Mid 6k's might form an inverted head and shoulders, otherwise, low 5k's are a possibility. Expect downturn in June and July unless if the...
This is a trading idea created for the date: 28/5/2020 and is valid until 24:00 GMT+1 Symbol: XBT/USD Time Frame: 4 Hr. bars Expected duration of position when open: 4 Hr. up to 29/5/2020 24:00 Trade idea is: Channel congestion low side break out making it probable for a downward move towards 8500.00 Go SHORT if Price goes thru (below) 9090.00 Position your...
Four different views. Formed a bear flag on the outside of the large channel from March. Close to breaking now. Will post the 4 hour chart by itself. if 8700 doesn't hold then its 8500 and possibly 8300.
Let me know your thoughts on my analysis! Cheers, Amol
Wave Y in full swing should yield % gains similar to wave X.
BTC still manage to hold support between 9300-9100 region if this area can hold BTC will retest resistance at 9500 regions once BTC price breaks resistance BTC is ready for the next wave retest of 9800-10k region target of 10400 this is for bullish scenario and bearish scenario if BTC fails to hold our current price and drop to 9100 expect more bearish price...
I know the pain of losing a grip of cash through inexperience at trading and emotional regulation. We are at one of those moments were lots of money are going to be made and lost and you need to listen. I am not qualified to give financial advice, and I am not a Certified Market Technician. But I have worked a lot to master the basics and it comes down to a few...
In the continuation of the decline, it is worth considering bitcoin sales from a key resistance level. At the end of impulse wave 5, it is worth planning to exit short sales and make purchases. For a better understanding of the situation on the market, it is worth turning to the previous idea, where I explained the situation on a longer temporary time frame.
We are facing a Strong Resistance on Monthly Frame at 9250$ So we have two possible scenarios for now First One: Is that BTC Succeed to break the resistance at 9250$ So it will continue to Test the next Resistance at 10760$ Second Scenario : Is that BTC failed to break the resistance so it would fail to support at nearly 7227$ So, I am entering a Hedge Trade at...
I have entered a small short position X5 on XBTUSD From 8940$ with Targets : 1) 8815$ 2) 8660 and Stop Lose 9000$ Best Wishes
Hello World, As we previous published an idea on Weekly Chart, Today will close weekly candle and looking we will closes below the descending channel as well, sharing an idea on 4h chart, we have rising wedge mentioned in the chart, and MACD also looking bearish but if we break above the wedge and closes above so story will change, i don't think. as we can also...