40K for BTC. Huge milestone. 1 trillion market cap for the whole of cryptocurreny as of yesterday. But where next? If this 4HR closes green it forms a nice hammer, keeping bullish momentum with almost a 2K wick at the bottom. As a result I belive that would be the end of the bearish divergence leg down However, if we get a 4HR crossdown on the MACD be cautious as...
This market is insane guys It's too fast for me LOL, called a couple bids on twitter earlier when stuff took a little retrace and got into a few more things, e.g. XLM just above 0.27 cents With this price discovery, fibs are one of the best ways to find targets, at least so far this run they have been reliable the 1.1618 level over the most recent breakout play...
Yes guys BTC and the whole crypto market is moving upwards smoothly right now Lots of coins closed above key levels on the daily, XLM, Link, Eth and BTC for example causing buyers to enter BTC has hit the 3.618 fib retracement which was summoned from a recent breakout trade. Not much else to use to create levels of SR at these price discovery levels If BTC can...
Link has finally broke out and successfully retested both the trendline and the 50EMA which puts Link in a strong uptrend Waiting for a close above 14.3 - which will probs be in the morning as I need some sleep lol Close above that key resistance and hopefully we can run to the previous ATH Also confluence on the link/BTC chart where it has successfully bounced...
XAUUSD has broke out of this bull flag with a lot of momentum I haven't entered yet as was being cautious waiting for a retest - in crypto you get a lot of fakeouts, in gold clearly not so often lol I don't think it will retrace all the way back to the top line of the bull flag, so have drawn on an estimated path of a pullback Going to set alerts for this zone and...
As highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising The height of both of these gives us a final target at $270 However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161 Depending on...
Here we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146 This setup looks great to go to crazy targets of $270 as I will outline in my next post However, in the short term all 1HR, 4HR and 1D...
Highlighted by the red lines you can see major bearish divergence Will be using this not to short but too find more entry points when this down wave is completed Waiting for a reaction as support at one of the key levels highlighted...
As you can see the breakout has cleared expectations quite massively It broke to our expected areas, highlighted by the % change ranges and also the 1.618 fib However it then flipped these areas to support and has now reached the 2.618 fib This is a crazy push, the MACD positive cross helped the momentum printing an almost $2000 candle If it can flip the 2.618 to...
Here was a simple breakout trade 2 trendlines, a retest on the upper trendline - red candle Enter on next green candle and ride up If we can close this hour candle or 4HR candle above the blue/black box at 27.8-28K, would give bullish indication to push on above to the ATH's made in the night The long wicks below recent hour candles means buyers are picking up BTC...
Wait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success Looks clean, initial TP will be at the previous swing highs as indicated Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high Stops just below a key SR level, not risking more than...
This pair broke beautifully out of this setup Next candle retested and succeeded, giving safer entry point Broke to upside hit resistance, like most FX trades do, they swing back and take stops that have been moved to trailing stops Then they accelerate upwards again! Looking for more clean setups right now... If you are in this trade, my take profits would be...
SEC news absolutely nuked XRP My two theories, have a building bear flag so may get a little upside wave followed by a greater downside wave Or it drops and finds support at 0.24 where it could from a flat bottom triangle - would be quite bullish for XRP If that level is lost though I think there will be heavy buyers at 0.20 but I would still stay away as it won't...
Here we can see a major double bottom forming on the weekly timeframe For this setup, I am waiting for a retest of that kneckline at 146.20 where I will enter Also could buy on the intial break with TP at the first resistance highlighted where I would expect the breakout to reserve, the retest, succeed and push on Keep this one saved as could be ready to play in...
Closed at this local top for tidy profit Opportunity for it ride higher with the technical setup, but the brexit deal news holding it back I believe Could be a micro and macro double top plays here so look out for those Few other opportunities arising in the market - stay posted! Can we get one last tidy fx trade before crimbo?
Here we have what could be a major byllish break from the right angled triangle The key level 1.35, try to play a retest of this level with appropriate risk management Only issue is the Brexit (free trade agreement not guaranteed) and Covid issues (blocks on present trade) in the UK right now But technically speaking looks a good setup, especially as the EMA 50...
Lawsuit news has been a huge player in the massive 25% downside move today Not even 0.46 could save the day But 0.3 has so far Now this level has so far succeeded means we could move up to higher highs as hadn't been filled since we broke a good month ago now Selling pressure thanks to the lawsuit stops any strong moves up till we get some clarification - expect...
there was bearish divergence but believe that may have played out as this is a very bullish setup