Breakout Trading for GOLD August 2022 With new month there is new range for gold, My PLAN is breakout trading with WEEKLY RESISTANCE Wait for consolidation before the breakout Feel free to use/critics my TP and SL always use management risk STRATEGY before execute
With rejection on Daily Supply, we can expect the short run to Daily Demand this month
There is Divergence On 1h & 4h chart, but WAIT for trendline breakout CONFIRMATION
Hourly HBAR pullback, RSI WEAK DIVERGENCE Confirmation
With confirmation on Trendline and RSI WEAK Divergence, ETH look bullish today, wait for more 1-2 bars for more confirmation
As seen on chart, crystal clear, unless if there is an anomaly
My 2nd btc big picture based on volume profile every year to Januari 2021 (Neutral)
BTC big picture with volume profile, support/resistance since around 18k till today
Right now need more bars to get confluence,
with : - downtrend bias on 4h/1h chart - 50ma cross 200ma on 1h chart We can safely do short trade approx until 17 aug (estimate on 4h chart when price candle hit 200ma)
My chart analysis is long up to 12000, based on 1h ascending triangle and RSI Can't see the bear signal though
update from my last idea
doodle while waiting for the breakout
While BTC is bearish, the RSI strength is making LH again and again, makes a divergence, we will see a bullish/trend reversal in next few hours