Zonetrading
A critical moment in the crypto marketHave a look at the BTC.D chart every day! It's very important that the dominance go up or down!
Upside means: the money circulation transfer to BTC again and can fall altcoins market, and the phenomena can be followed by sharply increasing or decreasing of BTC price.
Downside means: alt party is just started!
XEMUSDT can again move to 0.8 $- A deep correction
- Well support on the zone
- Ichimoku cloud is supporting too
IRISUSDT is going to shape another cup pattern and pump- Cup pattern
- above of a strong support zone
- bullish momentum
XTZUSDT is going to pump 65% After ATH and its correction, XTZ is going to start another pump up to 6.7 $ 😍
BALUSDT will touch 65 and 85$ in midtermAfter a strong break out of the 33-36 $ level, I expect that BALUSDT will be touch 64 and 84 prices asap!
CHFJPYgoing to have a deeper pullback to stop-hunt of the long position probably! be more patient if you are long on CHFJPY!
what is a weak or a strong exhaustion? after buyers and sellers have had battle at a significant zone and there is a clear winner with a move to the upside or to the downside we will then wait for exhaustion back to that zone, but how do we know if exhaustion is strong or weak? we have rules that if exhaustion is strong then we wait for double confirmation and if exhaustion is weak we just wait for price action with a bullish engulfing or significant pin par on the 4h timeframe. so a strong exhaustion will be just 1,2 or 3 candles back to area of sensitivity, no flow, just a straight shot to our zone. a weak exhaustion will have minor push and exhaustion cycles within the exhaustion, this is where entry confirmation will just require a bullish candle or a pin bar on the 4h timeframe
Long opportunities in Gold - Long-termThe gold price more than started correcting itself almost 6 months ago, was ranging corr3ecting between 2074 - 1686, as the long-term picture were looking so bullish, I was waiting for the price to correct itself, and now the entry matches my criteria, so here we go!
What Are Zones zones are major and minor areas of sensitivity where buyers and sellers have battle, they are one of the most important aspects of trading as zones help you set targets, help you identify direction and also let you know when and when not to enter a trade. here at forex gentleman we identify our zones based on their significance, so we have our monthly, weekly, daily, 4h and 1h zones, these are all different colours on our chart and have difference in significance. we know that when price makes its way to a monthly zone that it has more buy and sell pressure than the weekly and the weekly has more sell and buy pressure than the daily etc. so we only look for trades when price has "free range" from these zones to place entries because then we don't have a major battle to our take profit
AUDNZD long positionConfluences:
-Price retraced as I predicted before, trade hit my take profit and at the 50 fib retracement (right now) I entered a buy.
-The 50 fib retracement is also above a zone which is a very strong support.
-If price breaks this, I will re-enter at the 61.8
Feel free to tell me what you think!
Don't worry about BitcoinBitcoin is still in up channel and it needs to make a lowSo to make an another low, Bitcoin needs to retrace and right now(2/24/2021) BTC is experiencing a corrective wave.] Also Bitcoin is experiencing a bearish candle in weekly time frame.
Based on fib retracements , Important support zones are:
Zone 1: 45100 - 44500
Zone 2: 42230 - 41700 (chance to return from this zone)
Zone 3: 39600 - 39000 (difficult to break out this zone)
Zone 4: 37400 - 36700
Zone 5: 34500 - 33400
Zone 6: 30000 - 29200
This is not an investing or trading idea, This is just an analysis for BTC recent corrective wave.
Do your own research and remember risk management is the key of success in financial markets.
Thanks for your time
Comment your idea and let me know what you are thinking
how do we set our zones we get lots of questions asking us how we set our zones and what makes a zone a monthly zone, weekly zone ect ... so I have created this short video explaining how we do it here at FXG
NZDJPY, 1hr tf, buy setup at the end of wave-ivHello my friends,
Today i am gonna buy NZDJPY.
Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R.
I didn't posted it on tradingview because i was not on my laptop when i took that trade.
So instead i will share the buy position today.
As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90.
Additonally there is 200-EMA at here as well so this place is an area of confluence support.
Buy NZDJPY 75.90
Stop loss 75.50
Take profit 77.20 (3.25R)
Use only 1-2% risk
Good luck
