MyTradingJournal6th

MyTradingJournal6th

Bullish Probability: 40% Bearish Probability: 60% Trend Structure: The market is currently in a downward channel, indicating bearish control unless a breakout occurs. Pattern Formation: A descending wedge is forming, which can act as a reversal pattern if confirmed. Momentum Indicators: RSI is below the mid-level, suggesting weak bullish strength. ADX shows...

MyTradingJournal6th

Pattern: Descending Wedge (Bullish Potential) Major Resistance: Strong bearish pressure at key resistance level Volume Analysis: Weak buying volume on recovery, strong selling volume earlier Market Sentiment: Mixed with a slight bearish bias Technical Indicator Probability RSI: Neutral to Bearish (48.57) → 55% Bearish / 45% Bullish ADX & DMI: Weak trend, bears...

MyTradingJournal6th

Resistance Rejection: Price rejected at a horizontal resistance zone, showing bearish pressure with wick formations indicating seller dominance. Trendline Respect: Price respects a descending trendline, supporting bearish continuation probabilities. EMA Confluence: Below the 50 EMA, signaling weakening bullish momentum. Volume Decline: Reduced buying volume...

MyTradingJournal6th

Resistance Rejection: Price rejected at a horizontal resistance zone, showing bearish pressure with wick formations indicating seller dominance. Trendline Respect: Price respects a descending trendline, supporting bearish continuation probabilities. EMA Confluence: Below the 50 EMA, signaling weakening bullish momentum. Volume Decline: Reduced buying volume...

MyTradingJournal6th

I’ve spotted something on the 30-minute chart that’s too intriguing to ignore. A red soldier candle has appeared, breaking through both the 20 and 200 EMAs like it owns the market. This is the kind of move that sets the tone for the next big decision point, and it’s exactly what my system has been waiting for. Why This Matters: When a candle like this emerges,...

MyTradingJournal6th

The Ethereum (ETH/USDT) 4-hour chart showcases a classic symmetrical triangle pattern, signaling a potential breakout. The market is currently in consolidation, with price action coiling tightly within key trendlines. Here’s what stands out: Symmetrical Triangle Formation: ETH is trapped within lower highs and higher lows, forming a compression zone. A breakout...

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MyTradingJournal6th

SUSHI is consolidating in a descending triangle, a pattern that often leans bearish. However, the context of the broader market may favor a bullish breakout instead. Observation: The consistent higher volume at recent supports suggests buyers are still active. Volume Dynamics: A steady decline in volume aligns with consolidation, but a decisive move—confirmed by...

MyTradingJournal6th

Solana is moving within a clear consolidation phase after a strong uptrend, showing a potential continuation pattern. Key technical elements suggest an important move is brewing. Consolidation Range: SOL is forming a flag-like structure, potentially a bullish pennant. Is this just a pause before further upside? Volume Trends: Notice how the volume tapers off...

MyTradingJournal6th

Bitcoin is consolidating in a symmetrical triangle, hinting at an imminent breakout. Price compression, lower volume, and indecision reflect a tug-of-war between bulls and bears. Pattern Setup: The triangle structure suggests a breakout is approaching. Will it continue the trend or reverse? Volume Decline: Typical of consolidation, but will the next volume spike...

MyTradingJournal6th

The ADA/USDT daily chart showcases a textbook symmetrical triangle pattern, indicating potential consolidation before a breakout. The following are key observations and trade details: Price Structure: ADA has been consolidating within the triangle, forming higher lows and lower highs, indicative of reducing volatility. The structure aligns with the broader trend,...

MyTradingJournal6th

This chart showcases an ongoing symmetrical triangle pattern on the 30-minute BTC/USDT timeframe, indicating potential volatility ahead. Here’s a breakdown of the key insights: Structure & Pattern: BTC price is consolidating within a symmetrical triangle. The pattern reflects a balance between bullish and bearish momentum, signaling a potential breakout...

MyTradingJournal6th

Ethereum (ETH/USDT) is consolidating within a descending wedge, a pattern that often precedes a bullish breakout. Here's an in-depth analysis of the setup: 1. Price Structure and Trend Overview: The price has been consistently respecting the wedge boundaries, with a well-defined resistance line near $3,400-$3,450 and a critical support zone around...

MyTradingJournal6th

Disclaimer: These are general trading ideas based on my observations. Always conduct your own analysis and ensure appropriate risk management before taking any trades. 1. Filecoin (FIL/USDT) Idea: Bullish structure forming near $5 support with signs of potential upward movement. Breakout above $6.50 could trigger a rally; bearish only if $5 fails. 2. The...

MyTradingJournal6th

This is my idea for each asset based on the chart analysis. Please review and improve these ideas to suit your risk management and trading style. 1. Bitcoin (BTC/USDT) Timeframe: 30-minute chart Analysis: Support Zone: Strong bounce observed around $102,000. Likely a major demand zone. Resistance Zone: Testing resistance near...

MyTradingJournal6th

Analysis Overview: The DOGE/USDT daily chart is showing interesting price action and a potential setup that traders should closely watch. Here is my detailed breakdown: Trend & Price Action: The price is currently consolidating near the ascending trendline support, suggesting potential accumulation in this area. However, a lack of breakout confirmation means...

MyTradingJournal6th

Analysis and Prediction: In this analysis of ETHUSDT.P, we are preparing for a potential breakout scenario based on the current market structure and momentum signals. The chart highlights a consolidation phase within a descending triangle, where we anticipate a decisive move above resistance or a retest for confirmation. Key Levels: Entry Zone: Anticipated at...

MyTradingJournal6th

Educational Purpose: This tutorial aims to educate traders on identifying fakeouts, understanding their characteristics, and improving risk management strategies to avoid common pitfalls. Key Educational Points: 1. What is a Fakeout? A fakeout occurs when the price temporarily breaks a key support or resistance level but fails to sustain the move, reversing...

MyTradingJournal6th

Current Market Context: The price is consolidating within a descending triangle, with clear lower highs and a flat support zone around $6.20–$6.30. Multiple Choch (Change of Character) and BOS (Break of Structure) indicators suggest potential trend reversal points. Volume is slightly declining, hinting at a potential breakout once a decisive move occurs. Key...