📣Hello everyone, I will share weekly charts of some crypto currencies, so then you can recognize the differences between good and bad assets (technically). Analysis will be on: Bitcoin: (General Idea: Weekly Broad Bull Channel, Its now near the bottom of channel, Still bearish as long as we are in Tight Bear Channel.) Ethereum (General Idea: Weekly Trading...
📣Hello everyone, I will share weekly charts of some crypto currencies, so then you can recognize the differences between good and bad assets (technically). Analysis will be on: Bitcoin: (General Idea: Weekly Broad Bull Channel, Its now near the bottom of channel, Still bearish as long as we are in Tight Bear Channel.) Ethereum (General Idea: Weekly Trading...
📣Hello everyone, I will share weekly charts of some crypto currencies, so then you can recognize the differences between good and bad assets (technically). Analysis will be on: Bitcoin: (General Idea: Weekly Broad Bull Channel, Its now near the bottom of channel, Still bearish as long as we are in Tight Bear Channel.) Ethereum (General Idea: Weekly Trading...
📣Hello everyone, I will share weekly charts of some crypto currencies, so then you can recognize the differences between good and bad assets (technically). Analysis will be on: Bitcoin: (General Idea: Weekly Broad Bull Channel, Its now near the bottom of channel, Still bearish as long as we are in Tight Bear Channel.) Ethereum (General Idea: Weekly Trading...
📣Hello everyone, I will share weekly charts of some crypto currencies, so then you can recognize the differences between good and bad assets (technically). Analysis will be on: Bitcoin: (General Idea: Weekly Broad Bull Channel, Its now near the bottom of channel, Still bearish as long as we are in Tight Bear Channel.) Ethereum (Will be updated...) MATIC (Will...
Trading in broad channels are like trading in trading ranges, remember that best strategy is to buy low and sell high. **This is not an investment advice. Your capital might be at risk.** Give me your idea on comments... Good Luck...
Price doesn't respect support areas in bear trends. 80% of trend reversal attempts fail and becomes flag/BO PB. Here we have a potential for double bottom bull flag with December 22, 2021 major low. Its also 3 pushes down ( Wedge ) so have a bull reversal potential again. As long as we are in bear channel look for sell until a bear trendline get broken. **This...
Still moving within bull broad channel, so buy low sell high. 3 pushed down so, consolidating above red trendline can push price higher. If Bears take the control, bottom of trading range can be possible target.
$1845 is the point where buyers tested it last week. Currently I'm thinking of reversal down from here and bear channel resumption. Targets for bears can be bull trendlines: Blue one and Gold one. Otherwise this channel can be bull flag and we have to wait for bull BO. **This is not an investment advice. Your capital might be at risk.** Give me your idea on...
AUDJPY fall down to the bottom of bull channel and it seems that get supported. Then a failed BO below double bottom happened so it was a 3 pushed down as wedge bull flag. Context is good for buyers so we have to wait and see the bull flag (redline) breakout then higher prices expected. Targets for bulls will be bull channel line then top of weekly range. **This...
I was waiting for buy setup to get long at bottom of trading range but NASDAQ break the TR from bottom. A 3 pushes down as a wedge is clear on daily timeframe so if price wants fall more, it needs to retraces back to the trading range and then continue to move down. So I expect NASDAQ to moves up and then continue falling down. **This is not an investment...
It was mentioned in my previous analysis that gold will fall with $1787 target $1787 was bottom of trading range. XAUUSD got supported there and now moving up. I myself get short at retest of broken wedge. Target will be again $1787 for bears to test the support. If bulls push prices higher above the wedge line, then $1825 (Right Shoulder) will be bulls target. ...
Best strategy in trading range phase is to buy at bottom and sell at top of the range. US100 is now at 1/4 bottom of trading range and you have to look for buy setups. ( Small Unclear Wedge ) Also remember that 80% of trading range breakout attempts fail. No matter how strong bears pushed price down.
Ethereum is now moving within daily bear channel. Now we may have possible 3 pushes down ( Wedge Bull Flag ). Do not buy until strong BO of trendline or moving average happens. If price goes higher sell after touching the bear trendline, if goes lower, prior major low $2,737 / Bottom of channel may be tested. **This is not an investment advice. Your capital...
The daily trading range ( previous analysis ) got broken from downside. Now Bitcoin is near its prior major low and we have to see the reaction to this low. BTC is in large daily bear channel and after BO of trading range, moving within a tight bear channel. 6 consecutive bear bars in this channel so always in short and just sell. $37,500 can be possible bears...
After overshoot of bull channel ( November 2, 2021 ), DOT price fall within a tight bear channel. It arrived at support area $25.25 and got bounced. ( BO of Channel ). Break of Trendline + Trend Extreme Test = Major Reversal. After BO it fall again and now possible double bottom and reversal. Price is now moving within a bear channel, after BO of this channel...
Bears was strong enough that push price below 20 EMA ( Last AUDJPY analysis ). Below 20 EMA bulls enter the market and pushed price higher that was a final leg of bull trend. After a failed BO, higher high double top price falls down. Now we have to wait and see what price reaction will be to the bull trend line + Trading Zone. If bears break the trendline, target...
XAUUSD moved up from the Wedge Trendline ( related to my previous analysis ). It created right shoulder and then got reversed down from there. Strong bearish momentum right now + Breakout of Wedge so lower prices expected. $1787 bottom of possible trading range and the beginning of the wedge $1765 can be bears target. **This is not an investment advice. Your...