Being a Bitcoin permabull at heart, heres some targets based on the VPVR to the upside. I did a quick video on this tonight.
Long opportunity GBPJPY off this cypher pattern setting up and trend reversal evident on the 4H.
As per chart, Im long BTC back up to resistance. Longer term targets on the chart could be reached fairly quickly as institutional fomo is now setting in and will certainly open the floodgates imo..
Waiting on a break of support and further momentum to the downside to take a short EURSEK.
GBPCHF short intraday/swing trade setup based on down trend continuation HTF and price failing to break diagonal resistance.
We can see a potential pullback developing for WTI as price tests this resistance zone. If we get rejected here and price continues to roll over, I would anticipate a retrace down to the 38.2 to 50.0 fib levels.
EURJPY short swing trade setup - see chart for details. Click on the links in our signature section below for more info on our trades.
We are short the EU due to weakening euro, see chart for entry and targets
I went long on AU based on the reversal on the 1D and 2nd leg pullback on the 4h. T1 for 80% if we reach 0.6900 and I’ll trail the balance to T2 depending on how price action progresses.. I could exit early depending on how it shapes up. Both Aussie and USA are a little dovish with a seemingly fickle recovery for the Aussie dollar so this isn’t an ideal setup...
GBPHKD long swing trade setup based on trend reversal break to upside. Buy on pullback to 38.2 - 61.8 fib zone with targets and sl as per chart..
Taking a short on this move to the downside GJ
EURNZD long swing trade setup Ascending triangle break to upside 1H Buy 1.72736 TP1 50% at 1.73113 T2 1.73579 SL 1.72085
Waiting for this Bitcoin bear candle to settle before committing to a buy, but heres my game plan so far.
Well heres a concept.. it should be fairly smooth sailing with a little consolidation here and there.. next port of call 10k for a breather, then up to 11k. Bitcoin BTCUSD
We are waiting on a break above this bullish pennant for a long position on the close of a daily candle above the VPVR value area (current high). Stop loss will be 1.5 x the ATR and target to take 50% off the table at the the fib extension.
AUDCHF long swing trade setup based on falling wedge, double bottom respecting major support level, retest of support higher low, break of market structure high with bullish engulfing candle and strong green volume. This is a trend reversal trade and carries a high element of risk. Not financial advice.
Lots going on right now for Big Bad BTC. My analysis tells me that Bitcoin could go up or down. Hang on to your hats, dont fomo in and lets see how this plays out as the dust settles. This is financial advice.
EURCAD long swing trade setup Double bottom break to upside, strong impulse leg, shallow pullback indicating good momentum, strong green volume Buy 1.5049 T1: 1.50800 T2 1.51140 SL 1.50154