Hey guys, didn't post new set-ups because the market is quite boring right now. But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade. Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions,...
Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we...
We're now formalizing consolidation triangle which is mostly telling us about to continue of the trend, means that we're expecting to continue to grow. So by growing we're reaching the resistance of ATH, I think after that we are going for correction, or we're going for correction after breaking ATH. You thoughts guys?
I have decided to start a short series of tutorials covering common instruments used in technical analysis. In today's tutorial, we observe a successfully identified head and shoulders pattern on the 4-hour chart of Crude Oil, resulting in a substantial movement of around 17%. Here's how to find the instrument: navigate to the left sidebar and select 'Patterns,'...
On the 4H chart we can see that the BTC is moving in a bullish flag pattern, so soon we can see the break-out, but be careful because we also can see that the volumes are descending, so this can be a manipulative movement and very fast! IMPORTANT! Always follow the RM strategy while trading!
On a 1-hour timeframe, we are currently in a bearish flag pattern. The green box represents a significant resistance line, so trade caution if you are considering opening long positions. Additionally, there is a decrease in trading volumes, which is also term for short move. The trading setup may involve entering the market within the flag pattern, considering...
Now we are moving in a developing descending channel, and when the price reaches the rectangle area, you can open a short position. Reasons for opening: 1. From this price, a descending movement observed several times. 2. When the price reaches the box area, you can see a sharp angle on the Williams' Alligator. Important! Follow risk management and do not open...
As we are right now moving in the consolidation box, we can try to trade short position with a take profit at around 51.200-51.400. General reasons to open the position: - Formalizing the sharp angle by BW alligator - Volume descending - Price consolidation after fast grow IMPORTANT! Always follow your trading strategy and follow RM!
By applying basic Elliott Waves and considering resistance levels, along with the historical trend that Bitcoin's price tends to perform well about a year after halving events, there's a possibility of seeing BTC reaching approximately $100,000 in the spring or autumn of 2025. What's your thoughts about it, guys?
BTC after a new ATH, we can see RSI over the edge and the volume is low. Keep in your mind
Have to went out of the daily triangle, but don't see much volume expectation. Follow risk-management please