buckle up your seatbelts don’t get trapped see you at 160000
Bitcoin made a higher retracement as analyzed on the previous post, forming a lower high at the 29625 region. Back to the fundamentals of chart pattern, clearly a Head and Shoulder has been formed. Using the 1:1 ratio from the head to the neckline, we could expect a dump down to the low 22000. I will start taking my short profits at the 24-25k region, and...
Analysis is based purely on price action and TA. If Bitcoin plays out as 'it should be', I believe the local top for bitcoin for 2023 will be ~39k. Unless more structure is broken downwards, the supposingly 12k bottom that everyone has been bidding on will be unlikely. 25k will be a very good layer to DCA in for the bigger picture. However, we might have a...
Expecting a ABC corrective movement with a 3-5-3 to the downside of ~61.8% fib retracement
GBPUSD Long Setup GBPUSD has formed an inverted head and shoulder. Price has broken up and out of the neckline and has retest it. The target may set as 1:1 to the distance of the neckline to the head, alternatively, it may also set at a resistance/order block as shown in the chart above. Safe trading~
👉🏻 Swing trade. With the FED hiking interest rates, we could possibly see some money flow from risky assets into gold.
USDCAD Long Setup 👉🏻 Price broke out of an Ending Diagonal and tested the support zone. 1:2 Risk to Reward Ratio.
POLYGON // MATIC // MATICUSDT Long Setup 👉🏻 Daily bullish pinbar at previous major Order Block. #AltSeason
USDJPY Short Setup 👉🏻 Safe to say that price is still trending in this downwards channel with 109.200 as support, Looking real bearish now with the lower highs formed>
GOLD Long Setup Continuation trade: 👉🏻 Following last week's setup, price did plunge to the 50.0%-61.8% region, still on a bull bias. $1760 remains as the critical zone.
DXY // USDINDEX // USD // DOLLAR Continuation trade: 👉🏻 93.220 now holds as support. Morning's news on Evergrande and the Hang Seng Index have led investors to start pouring money into 'safe havens', USD being one of the options. Bullishness is expected in the short term. FOMC news this week, so trade cautiously!
POLYGON // MATIC // MATICUSDT Long Setup 👉🏻 Price broke out of its wedge and its testing a demand zone. Good level to collect a few! Target marked is only a conservative one ;)
GOLD Long Setup 👉🏻 Wyckoff accumulation. Correcting now, at newly formed support in this lower timeframe. Potential target is its previous high of $1833 which is also a major resistance.
SOL // SOLANA // SOLUSDT Long Setup 👉🏻 Many have asked for the hottest coin of August: Solana. On the H4, it has broken below the 50ema, possible collection area is the 200ema, which will be around $130-$135.
AVAX // AVALANCHE // AVAXUSDT 👉🏻 One of the coins in my shopping list is Avalanche. $100 is just a conservative target for now.
EURCAD Short Setup 👉🏻 Price did not break the previous high, in fact formed a lower high. Possible Wave-2 here is made up of a complex 3 waves' move.
EURUSD Short Setup Continuation trade: 👉🏻 Same trade setup as last week, lower timeframe is forming a bearish flag pattern, which will then complete a corrective ABC movement before continuing its up trend. We could see this strength of EURUSD at the end of September 2021. H4 Trade Setup
USOIL Long Setup 👉🏻 As mentioned in the message last week, IF price breaks this triangle, it will also be breaking a major descending trendline, hence the bullishness in CAD pairings.