I have been watching this one for a while now as I kept an eye on Crypto's pullback. This is a daily trade, EUR is a bit overextended to the short-side, looking to come back to reversion and a bonus bulls head n shoulders pattern on 1hr. Details of trade I will post below when the setup executes. If it ever does today.
The Gold price downward move is taking a breather. But I see that a recent 1HR bounce on the RSI did not gain any momentum from the bulls. The 4HR chart is also stalling re the same. 2 charts from 1 link are enclosed and attached. So any significant move up by Gold on the 4HR chart (left) I would be watching the 200EMA which coincides with an important Fib...
3 Charts very recently taken showing that BTCUSD is headed to 100,000 - possibly by the end of the week. 500,000 is possible by the end of the year - that's right only 8 weeks away. I sometimes wonder whether some very experienced traders have a concept of value. I am speaking of the cowards who wrote Cryptocurrency off in recent months, even when big...
USDDKK and a Weekly chart Double-bottom which has just passed through the neckline. Look for a retrace back to neckline. On USD strength at the moment, this is sure to climb during trading today and the next several weeks. Massive RR. Thx Chris. Stupid-bloody software. Ignore the chart above. I tried to delete and overwrite but this damn software that some...
I mentioned in a publication today during the Asia session about how I see the continuation of the US-Dollar to continue to power and move through 106 soon like a knife through melting butter. This is a big reclaim its making on the Poland currency. I bought in recently as it crossed the 200EMA on the daily. The weekly chart price is powering up a double-top....
I took this trade Long a few moments ago. I thought whether I was getting into the trade a bit late, but I opened the Daily and Weekly charts to see that this is moving fast on the RSI momentum and its chasing 4.12 a previous key record high, which beyond breaking should launch this combo even further. This is a pair that tends to rally hard and fast, there is...
If we look at last weeks WEEKLY CANDLE, well it can only be described as a bearish pin-bar but that is my subjective view, plus this weeks WEEKLY candle is starting to form the same way. Ie. as a pin-bar candle bearish. I am seeing momentum on all intraday charts to downside right up to the important weekly chart. Standby, I will enter the trade very soon if...
I got in mostly around 0.16cents, I will disclose also, it's one of my biggest holdings. DOGEUSD is hammering upwards in price again today. Don't write it off due to its comical naming, because it's chart structure is very defined, very bullish and it's a very tidy, organised chart. What you see is what you get. The chart is all I really go by, they could be...
SOLUSD is currently in a FIB pullback on a short timeframe and is at the 50%fib level. Look for a further pullback in price to just below the 38.2% which would be a price about 217.
I alerted traders about a month ago to this idea about USD turning the trend around officially by getting above the 200EMA. This has occurred and why I bought back in early today. The USD is very strong at the moment and it looks the same going forwards. On the daily chart USDCHF has also broken through an upper-trend line on historical highs.
I said on Friday I thought a deeper correction in Gold may happen, because, Gold and Silver price both sold-off moderately on Friday but their price closed at the bottom of a tight zone and their price made absolutely zero attempt to return to higher prices. Smart money was not buying and the same theme is happening today. Crypto, USD$ have been rallying...
When Bitcoin commenced a rally last Wednesday 6 Nov, chasing its highest high, the US Dollar was right beside it every step of the way up. Take a look at the Dollar chart which contains 3 charts. 1. USD chart which is now looking very strong with plenty of upward momentum striking potential 2. 2nd chart is Bitcoin which is not stop for anything much at the...
SolUsd is not giving much away at the moment in terms of short term profits. It's price has been moving in this massive double-top pattern that extends to the weekly charts at least. But price on the intraday is moving away and to the right of this double-top & price will be free to drift sharply upwards. But I see its price capped short term until the last...
When I first bought this a couple of weeks ago, it was in a massive contraction & squeezing stage, despite recent buyer activity, there was even more selling prior to this demand for many months earlier this year. So I waited for it to come into my area of confluence because I was desperate to turn some red on my screen into green. I knew there was fairly...
BTCUSD is conducting a retrace, at most back to 70,000, the big white inefficient candle needs to be revisited and given some 'love', I note that the daily RSI and MACD are showing bearish momentum for the next little while. Anyway, who would be game to Short Crypto at the moment. Now is a chance on some of them, which are pulling back with Bitcoin, but this...
A guy asked me via a tv message what I thought the price would be short term. After viewing the charts I said it will move up another 1000 to 4000 very quickly. This setup is off the 1m and 1week charts.
I don't hold this particular Crypto and I am not taking this trade as such as I have enough that could go wrong already. But this one has a Daily head n shoulders pattern which will be a rocket upwards, bullish macd and rsi momentum and the weekly chart lines up in a similar vein. Hmmm, I think this one has an awful spread on the buy, but i'm not...
Most of my ramble is within the chart. I think traders might have already witnessed the commencement of a bigger market correction for the Gold and Silver price.