Waiting for the EMA cross over on 1H, will open a long there and set targets from there. If the cross over happen. Keep your negatives comments for yourself as I might be wrong, thank you. Not financial blah blah... Trade Safe!!
This is the scenario if the EMA don't cross over on the 1H and also if this channel break down. Watch for both outcome and be ready to take action in both cases. Keep your negatives comments for yourself as I might be wrong, thank you. Not financial blah blah... Trade Safe!!
Chart is self explanatory. Wait for it to get back under the trendline for the best RR or gamble now ;) Not Financial blah blah... Trade Safe!!
Symmetrical triangle break out set up in place, good RR and potential to catch the higher TF trend line to keep this one running for a long term. If this trade play out in our favor, big gain ahead!! Not financial advice, do not listen to me and avoid leaving useless comments. Save your time and mine. Trade Safe!!
Chart will speak for itslef, I'm a lil bit in a rush I don't have much time to develop but I think this a good set up to risk. S/L in the previous ascending channel is giving us a really good RR. Trade Safe!!
Either it continues its crazy bull run that shows up on Daily/Weekly and Monthly Chart, USDTRY is to pullback at some point, a descending triangle setup on 4H & 1H chart is forming. Now it can either be the reversal pattern that will give us the pullback or it will just be the continuation pattern of that crazy bull run. I let you G O O O G L E for the probability...
I'm not gonna lie, it doesn't look that good. To me it looks like $BTC is still forming HL & LL. This 9K area is far more important than a lot of people like to think. With the next big one at $11600 area. But of course I might be wrong. Check notes on chart. For it to look better $BTC need to get out of this zone and break out the 10K but even then my previous...
If BCH manage to break it up, it should give us a nice leg up. Good set up to open long here at the break out of the apex or you can take the risk and open before for more gain!! If you want to gamble, you can go there bitmex.com/register/YsZ2K9 Trade safe!!
Here are your next targets for LTC if BTC keep going this way. LTC should follow the same path. Not Financial advise bla bla... Trade Safe!!
I wanted to check a few stocks around today but AABA was the 1st one I saw. Set up screaming for a trade. Stop entry at $79 with a tight S/L, T/P at $71. I am about to sleep so I might have miss something but RR is good enough to sleep on it (if the order fill). Now if you wonder why I am taking this trade G O O G L E Wyckoff Logic Distribution Phase. Not a...
I swear I thought I published that idea 2 days ago or yesterday, can't really recall when I saw the set up. Either way, this is a medium term trade (1 to 2 months) so you have time to get in. It seem like a lot of tech stock are in distribution phase so look around, plenty of similar set up. Targets, entry and S/L on the chart. Trade Safe!!! Ps : Not Financial bla bla...
I see everyone going short on AUD but what I see on Daily and Weekly chart tell me to go the opposite way. Daily showing LH $HH, with Wickoff accumulation phase. I am going contrarian, I might be wrong but RR is good enough to take the risk. If does work out the return is pretty juicy. I am timing my entry on the 4H chart, and target on Daily. Not financial...
On the monthly chart, we can see a strong Bearish Divergence. Volume has been decreasing for the last few years with the price increasing, it is generally speaking a bearish signal. I wouldn't be surprise to see the trend changing this year. Watch smaller time frame to spot the reversal and time your entry if you wish to short it. Trade Safe!!
$BTC Weekly chart is good for hopium. Golden ratio, 55 EMA acting as dynamic support, we are only retesting the previously broken trendline. Fit the bull scenario for that incoming bounce. Unless it break and try to go reach the next Fibo level!! It is only the 3rd attempt from the bears, bulls did break that trendline on their 3rd attempt. What's the saying, 3rd...
Quick $BTC update. This is the 1st draw, more analysis need to be done. 1st we need to have confirmation of the bounce, $BTC need to stay above the 1st target $7.6K then retest it to turn it into support. And the same goes for each targets. Targets on the chart. Check my twitter for more details on the move from $8450 to $7160 ( I was off a few $$ only) Trade safe!!
Check out my previous BTC analysis where I gave the outcome of a potential bounce from the 7K area. As stated in the analysis we need to break and stay above the 1st Target/Resistance. This chart is showing what could happen if that bounce was just a big failed. BTC will stay in the downtrend and possibly go back testing lower support 6K area. Trade Safe
Ascending triangles after a big move down, are generally follow by more downtrend. Watch for the break out and play it as it fit your style. Trade safe!!
Chart should speak by itself. But in case it doesn't, you can see the yellow circles mark what was once the resistance, which is now a strong support. The more an area of resistance/support is tested the stronger it is. It happen to be the Fibo 0.786, what a coincidence!!! For a long term investment, we can be pretty sure this a really good accumulation zone!!!...