Tommy_Trader

Tommy_Trader Updated 

#ZN1! #10YearTNote #Weekly #CBOT - I took a deep look into the 10-year Treasury Note, futures commodity. The chart above is weekly. - In Elliott Wave Theory perspective, an assumption has been made that the bullish wave starting from the swing low at 117’13’5 to the swing high at 140’20’0 as am impulsive 5-3-5-3-5 zig zag wave structure. - With that said, I am...

Tommy_Trader

#BTCUSDT #Binance #4HR #Midterm #Elliottwave - It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances. - Out of countless Elliott Wave counts, I’ve summarized those that are relatively more...

Tommy_Trader

#BTCUSDT #Binance #4HR #Midterm #Elliottwave - It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances. - Out of countless Elliott Wave counts, I’ve summarized those that are relatively more...

Tommy_Trader

#BTCUSDT #Binance #Daily #Tommy - Assuming that the high formed at 42K on Jan 9th of 2021 is the blue impulsive wave 3, these are some of the Elliott wave countings that I am personally in consideration. - The counting at the upper left is one of my primary scenarios that Bitcoin is going through. I denoted the upward impulsive wave at 29K~66K as an ending...

Tommy_Trader Updated 

#CADUSD #Futures #6CM2021 #1HR - Here is CADUSD futures 1hr chart. Currently, yellow upward trendline is supporting and a short-term bottom has been formed at 0.82370. I am more bearish when this bottom fails supporting. - When that happens before 5/20 19:00, I am looking at 0.82200~0.82280 as a short-term support. If you wish to enter long here, make sure to...

Tommy_Trader

#BTCUSDT #Binance #4HR #Tommy - Here is BTC 4hr that showed a sharp V shaped bounce around 30K with that long candle tail at bottom and this tells us that the bulls rejected bears very hard thus pushing the price up. - The new low at 30K is where the log-scaled trendline passes. Reason why we need to watch both the linear and log chart. - For now, the most...

Tommy_Trader Updated 

#BTCUSDT #Binance #4hr #Tommy - Here is Bitcoin 4hr chart. A consolidation zone where price tends to move sideways, is currently being constructed in the range of 46K~51K. Here are some of major points to be updated. - A strong bottom has been consolidated around 46K which could be speculated from the point that it made about 4 meaningful lows recently. This...

Tommy_Trader Updated 

#BTCUSDT #4HR #Binance #Tommy - Elon Musk is abusing the finance market. Tesla’s recent announcement that they will no longer adopt Crypto technology for their payment system, has shocked the market. - Technically, a rounded head pattern that signals the trend reversal had been formed before a big correction. Some of the similar patterns that could be interpreted...

Tommy_Trader

Here are some of the major supports that I've recently found for GBPUSD. - 1.3939~1.3949, 1.3905~1.3915, and 1.3876~1.3886 Long (Valid until 5/14 04:00) EP: 1.3949 SL: 1.3935 (-14 ticks) TP1: 1.3972 (+23 ticks) TP2: 1.3998 (+49 ticks) Long (Valid until 5/14 19:00) EP: 1.3915 SL: 1.3901 (-14 ticks) TP1: 1.3929 (+14 ticks) TP2: 1.3939 (+24 ticks) Long (Valid...

Tommy_Trader

#GBPJPY #Forex #Weekly #SwingTrades Considerable Support and Resistance Support: 140.000~142.500 (Valid until 6/24) Resistance: 154.500~156.500 (Valid until 5/31) Short (Valid until 5/31) EP: 155.500 SL: 158.600 (-3100 pips) TP1: 149.500 (+6000 pips, RR: 1.94) TP2: 144.500 (+11127 pips, RR: 3.59) #GBPJPY #Forex #Weekly #SwingTrades Considerable Support and...

Tommy_Trader

#USDCAD #Weekly #SwingTradingSetups Long (Valid until Oct 11th) EP: 1.18105 SL: 1.14816 TP1: 1.23313 TP2: 1.27287 Long EP: 1.08238 SL: 1.05497 TP1: 1.12349 TP2: 1.16187

Tommy_Trader Updated 

- Sharing some thoughts on BTC on 4hr chart. - The primary factor to monitor would be whether or not the bottom of the yellow upward parallel channel can successfully support BTC. It’s the red box on the chart. - If it fails supporting, BTC is most likely to get into corrective phase and at least test the bottom at $55200. - I have marked some of considerable...

Tommy_Trader Updated 

This idea is a very vague scenario where I think Bitcoin might be rejected hard. Maybe a decent area for those traders seeking for a lifetime big-short entry spot. This technical insight has been deducted using log scaled chart. To be honest, I personally think it's a very risky idea to search for a prominent short entry. It's beyond human's capability to...

Tommy_Trader

#Bitcoin #XBTUSD #Daily #Tommy - Here is XBT daily chart. After a massive bullrun up until 42k, Bitcoin has broken the blue upward trendline below and has been on its correction phase. - Making lower highs and lows, it is currently forming a falling wedge. Moreover, it’s testing the support of the inner upward trendline which I have marked it with yellow dotted...

Tommy_Trader

#EURUSD #Weekly #Tommy - Here is EURUSD weekly chart. Assuming that the impulsive uptrend wave cycle has started from the low at 0.82311 that was formed around 2001, here is my Elliott wave counts. - I interpreted the corrective phase as WXY structure where wave X has tried to make a swing high, but has failed and thus the correction cycle is considered as...

Tommy_Trader

#DXY #DollarIndex #1hr #Tommy - DXY is the one of the indexes that many investors and traders are referring to since it affects numerous products such as Bitcoin and Forex, etc. - Since July, DXY has consistently been pretty bearish lowering highs and lows. However, at this very moment, I personally believe that it is currently at inflection point and thus have...

Tommy_Trader

#BTCUSD #1hr #Bybit #Tommy - Here is BTCUSD 1hr chart. It failed to break the 11900 resistance and is going through some correction. - I am currently considering 11810 as a short-term resistance. - For pattern perspective, we could say that it just broke the rising wedge and then had a retest. - Please pay attention to the blue long-term trendline that is...

Tommy_Trader

#BTCUSD #1hr #Bybit #Tommy - Here is BTCUSD 1hr chart. BTC has broken above the major price lines and resistances yesterday, and then broke all of those down again. What a surprise. - Pay attention to the red box I have drawn on the chart. It retested on this box which I have been considering as a significant price area where price gets resisted when it’s under...