EbonyFalcon

EbonyFalcon Updated 

I opened a short position this morning for the following reasons:  Weekly: 1) The price closed below 38,113 (key support area) with a large bearish engulfing candle. 2) The candle closed below EMA 21. 3) MACD is still in the bull zone, but the lines have crossed and clearly pointing to the downside. Daily:  1) The price broke below the ascending parallel...

EbonyFalcon

There is a strong line of support and resistance at 148.65 area,    I have a short position I opened a few weeks ago.  I am still patiently waiting for the price to break below this level.   In October 2024, the price tried to break above the same support and resistance area and it took three weeks to properly break above and start the bull trend.  (see blue...

EbonyFalcon

I opened a short position based on the following reasons: 1)  Daily candle on the 13th Feb decisively broke and closed below the support line around 1.430 zone and created fair value gap.   2) The price retraced to the FVG area and closed below the area this morning (I am looking at 4H and 1H for this).    3) Both MACD and RSI in Daily and 4H are in the bear...

EbonyFalcon Updated 

I opened a short position yesterday based on 4H and daily chart.    My reasoning is as follows: Daily  1) The price broked above the previous high (8525),  failed it hold, and dropped and closed below the previous higher high.   2) It moved and closed below the ascending trendline.   3) All momentum indicators are now moving to the downside.  4H 1) The...

EbonyFalcon

I can see a good short trade opportunity developing. 1)The price sharply dropped below the major support/resistance zone around 107 area and retraced up gently within the ascending parallel channel to fill the fair value gap.  2)The current 4H candle is moving below the bottom parallel channel. (developing) 3) MACD is in the bear zone and it looks like it is...

EbonyFalcon Updated 

All weekly momentum indicators IMACD, RSI and Stochastic) are all bearish, so I have been looking for a short opportunity in 4H and daily charts. $151.85 is the major resistance and support zone (black horizontal line in the chart).  On Feb 6, USD/JPY broke and closed below the area, but it failed to continue to the downside. In the following few days, it...

EbonyFalcon Updated 

I opened a short position today based on the 4H chart and daily chart price set up.    My reasonings are as follows:  Japan225 has been in the range bound since Sept 2024.  The price peaked at 42,420 area and sharply dropped to 30,480 on the 5th August 2024.  The price started to recovered to 39,150 area on the 30th August 2024.  Since then, that level is...

EbonyFalcon

My overall bias for Solana is bullish. Solan price is dropping significantly at the moment probably due to Libra token. (just my guess). I have set buy orders at $130-145 area. I don't usually buy the dip, but this might be worthwhile buy the dip opportunity.

EbonyFalcon Updated 

Short trade horizontal red dotted lines are profit target 1 and target 2

EbonyFalcon

Daily MACD is still deep in the bear zone and Solana hasn't even claimed the the previous week high.  Therefore, the overall sentiment for Solana is still bearish to me, however, in the 4H chart, I can see some bullish momentum is building up and a potential swing opportunity might be coming up soon. The things I am seeing for a potential swing trade are as...

EbonyFalcon

Fart has dropped to the capitulation zone, but it looks like it has found the temporary floor and is starting to move to the upside. If the a daily candle moves and closes above EMA 21, the top ascending trendline, and the previous weekly high, I might consider to swing trade. But Daily MACD needs to entered the bull zone and daily stochastic has to be...

EbonyFalcon Updated 

$151.850 is a major resistance and support area. USDJPY failed to reclaim the recent ATH and it is currently hovering around that major R/S area. All daily momentum indicators are in the bear zone so my overall bias is bear. When you look at 1H RSI, you can see the RSI lines are travelling inside the ascending parallel channel. I will open a short...

EbonyFalcon Updated 

I just entered a long position mainly based on the chart set up in the 4H and 1H charts. Daily (I always check daily) Stochastic has reset and is moving to the upside. 4H All 4H momentum indicators are clearly moving to the upside. The 4H stochastic has just entered the bull zone, which gives enough time for the price to move up in the 1H chart. 4H candle...

EbonyFalcon Updated 

BTC strongly bounced Monday and formed a daily candle with a massive bottom wick.  It is a bullish candle but that itself doesn't confirm the bull trend is going to start.  It was definitely the buy the dip moment for spot buyers and hodlers. However, if people are trading, the obvious stop of Stop/Loss is just below that wick on the Monday candle.  Subsequent...

EbonyFalcon Updated 

Bitcoin has been moving in the range bound for a few months now.  The market is very volatile and many inexperienced traders are liquidated. Some are starting to talk about the end of the bull market, but I can see a very bullish price set up in the weekly chart. The current set up in the weekly chart is very similar to that in Jan/Feb 2024 (see the blue...

EbonyFalcon Updated 

The price failed to reclaim the recent high at $158.87 and closed below the previous higher high. It also closed below EMA21, EMA55 and ascending trendline. All momentum indicators enter the bear zone and lines are pointed to the downside. The similar price set up happened on the 17th July 2024 (blue vertical line in the chart) and it was followed by a sharp...

EbonyFalcon Updated 

Opened a short position based on 1H and 15 minutes. 1H MACD crossed to the downside.15 min MACD endered the bear zone.The 15 min candle closed below VWAP, EMA 21, Pivot R1, and previous day's high.  S/L 159.95 and P/T 153.95    Risk: Reward 1:1.84 When the price reaches 154.5 (the previous day mid price), I will move my stop loss to  the previous day high. 

EbonyFalcon

Solana price bounced back strongly yesterday and formed a daily candle with a massive bottom wick.  It is very bullish.   It was a great buy the dip moment for spot buyers and intraday traders.  However,  if you are swing trading with leverage, the momentum is still bearish.  I think it is not the time to open a long position for the following...