Hello, I am just posting my trade idea. I was waiting for this one this morning. We retested the previous high of 15480 and then strong rejection to the downside breaking the up channel which is the handle. Thus triggering a short position. My current target is the 15150 area.
We can see a right shoulder forming. Let's see if these levels holds on the daily. Overall Bullish. Prices should retest the strong 1980-1985 levels. Patience is key here.
We are forming one of the last legs of the descending triangle. 200 EMA is the resistance, and bounced off of 38.2 fib as well. There is confluence bitcoin is heading for some weakness. However with bitcoin you never know when a whale steps in. Trade safe friends. **This is not trading or financial advise just my opinion.
Hello all, We are seeing a pretty good short term set up for Gold on the H4 with a wick rejection at the significant resistant zone. Looks like a bearish pennant forming. possible trades with stops above the previous H4 wick. and TP 1 at previous support and TP 2 at the daily 61.8% Note~~~ Do note that on the daily I still believe are in a uptrend. As a...
Hi all, I see a possible 2:1 trade to the downside. Of course we would need confirmation for this pattern to be valid. But definitely something to watch out for. Note: The larger trend if you zoom out and look left is bullish. But this is something you can spot on the lower timeframe. In this case the H4 timeframe is a great way to spot good risk to reward...
Hey everyone, I predicted accurately the rise of ALGO with the cup and handle formation last post, but then again any altcoins that has any utility got bought so. If you're not in the ALGO reddit community check them out by typing AlgorandOfficial on reddit and browse why ALGO is on the rise fundamentally. Anyhow, since we are talking about the technical...
Probably see small prices decline or stay flat around these levels. Cup is still forming. Once the full formation is complete we can expect to see volume pick up and break all-time highs. Either way, I am bullish on this asset. --------------------------- Full disclosure: I do own this asset. My ideas/opinions are for education and entertainment purposes...
Just an idea. Prob would wait for key level support retest before entering long as the trend is a downtrend at the moment on the AU.
The overall trend is still the downside, congruent with DXY uptrend. With double top at the 1.117-1.118 levels Short term we can see a possible retracement to the 38.2 Fibonacci from October levels and double top. ***************************************************************************************** ***This is not trading advice, these are simply my...
Bulls took over on the 4 hour candle. Waiting for confirmation for trend reversal. Pretty strong support at 1.092
We can clearly see HH & LH on the D1 timeframe. with a beautiful support trendline. Looking for confirmations in the next couple of days to go long.