i have ben waiting for the set up long after the surge to 182X
line AB is our channel. a third touch had occured on the upper trendline. anticipating the lower.
We could possibly be witnessing another fall of the BITCOIN. But fingers crossed
A steady rice continues after break of structure marked by the trendline
still on a downtrend so we keep riding. always wait for sell confirmations tho
we expect price to continue bearing to 1.224XX area before making a pullback. Point Y is a false buy entry
Still a BEARISH trend but we're observing major areas of pullback. confluence.
Gold continues to SHORT until 181XXX. then we'll look for buys if BULL confirmations abide.
in this chart, our primary tool is the TREND CHANNEL. we have a slightly crossed trendline to signify a possible change in trend. however we will wait for the break of the '''broken-line trendline''' before taking a BULL position. trade carefully
There are 2 scenarios here. first, we establish that on H4, we're in a downtrend. secondly, there is a channel boundary with which price has rallied for a long time. SCENARIO 1 our first bias with a probability of 70% is for price to break line A to 1.35XX level (23.6fib) and heads on to line B (38.2fib) before coming back to line A there forming a H&S pattern....
allow for retest before taking position. goodluck and tade safe
Gold traders... watch carefully. price may extend to the broken line before the Bears set in.
bitcoin is likely to hit $86,000+ before the end of the year. Be on lookout
check the previous idea first. it is important to note that indices are always on the rise and cannot be viewed or traded same way as forex pairs. some techniques are applicable to both but one must be very careful here as price isn't driven by similar factors. the chart displayed shows candlestick (1 = hanging man, 1x2 = bearish engulfing ) patterns suggesting...
we'll use lower TFs to determine entry a retest of the broken trendline would suggest a Long position
in this chart are 3 probable points to go long my vote; 60% X 10% Y 30% Z However if price breaks Z, makes a retest, we may be looking at going SHORT.
for 20 - 30 pips scalpers ...lets rock some profits guys
in this chart, which is still bullish, price may tend to move in that form i made a video explaining this.. sadly the chart cant everything in a photo all at once i can do this with harmonic patters, elliot waves and fib ratios