FreaKaneOut

FreaKaneOut

4H Timeframe- A wonderful triangle formation. With the consolidation working in nice lil areas, I am expecting big movements with either downside potential towards to the resistance now support level. Or Continue its uptrend with more bullish power and form a new resistance level. Either way, I will be keeping an eye on the charts getting ready to enter when...

02:57

FreaKaneOut

I thought I would give the recording a go. Never done it but only learned the other day that this was actually an option.

FreaKaneOut

Trade I have entered.

FreaKaneOut

ETH has been creating new highs a lot recently, and usually, after new highs, it is followed by a retracement back down to a normal market level/resistance. I have entered a short trade for ETH.

FreaKaneOut

This is a short trade I entered last night. I do anticipate it to hit my TP. There are many factors I am taking into play for this but one of them is the Bitcoin dominance has been on a downtrend for a long time now, and it's almost dropped below 50% dominance for the first time in over 3 years. With Altcoins becoming more and more popular, this is resulting in...

FreaKaneOut

Simple technical analysis. With the potential zones to hit and where they may go once at my key zones.

FreaKaneOut

Recent events sending Dogecoin to increase by 400%, with a combination of 4/20 and pure demand. Elon musk is obviously doing his bit to quite literally put DOGECOIN TO THE MOON and is a big contributor towards the rises, and market volatility. We must also take into consideration the HUGE amount of DOGECOIN that is store by apparently GameStop. Regardless of who...

FreaKaneOut

I've marked out a forming wedge pattern. Simply waiting to see what sort of price action forms. I am currently waiting to see if there will become a candle close OUTSIDE of my wedge pattern. We have a candle reaching highs of 1.29895, which is just under the 1.30000 level. Since then we have seen the market producing HL which suggests it is going to start...

FreaKaneOut

As you can currently see from the screenshot, the current candle session is still ongoing, still not showing us properly what sort of direction the current market conditions are looking to head. ZONE 1, is what I would consider my 'Consolidation Area' and the current candle session has broken out of that area. This is of no significance to me at the moment as it...

FreaKaneOut Updated 

As you can see from the green zone I have marked out previously, we have already hit the zone with a bounce up to create the HH. Since then the market has formed LHs ever since, which suggests it is going to continue Its way downwards. The pink trendline has been hit 3 times, which tells me it is respecting it very well. Overall I expect the market to drop down...

FreaKaneOut

Probably the simplest and easiest analysis I have done for a while. Lovely candle signal for a reversal after creating a HH. I did hop on this already and benefited from catching over 50+ pips, but I do still believe it will continue to drop.

FreaKaneOut Updated 

As you can see, the current market level is sat in my zone. Similar to the other trade I have recently placed, I am waiting to see what happens before I make a decision on entering my trade. Both candle bodies have closed within the zone, which suggests to me that the buying power is fading and it is respecting the zone a lot more. Overall I believe the...

FreaKaneOut

As you can see, the current market level is currently sat in my marked zone. My confirmations on this trade will be complete once/if I see a wick and candle body form below the box zone. I expect it to drop down to the first level, pull back up for a retest, then continue to drop down to my second level. I expect the market to drop to level 1.18040 and then...