BLUR finally decided to move. So I am trading BLUR on the 1H timeframe today, I have two profit targets. I will get out with 30-50% at the blue are (which is a daily area) and if we can close above the are, I will take the rest off my profits at the white dotted line which is a weekly resistance area. DIY. This is not financial advice.
So I just entered MATIC/USDT at 0.7789 with a 3x leverage. I base my trade off the weekly chart. It has bounced from an key area and did a trendline break. The move looks pretty weak right now, but I winder if it will follow the rest of the market? Then we might see it explode! I am trading cautiously though. DYR.
Are we seeing a big correction coming into BTC? I am looking at the bullrun that happend in 2017/2018, the big correction that happend after the ATH. Drawn the FIB the same way. Possible huge correction and THEN bulls come back? What do you think?
Analysis on the daily timeframe for the Aussie / us dollar. I am anticipating a BUY signal, either with support from the 20 MA on the daily, the trendline or the retest from the possible H&S pattern. Patience is key.. will not put in an order until I see a confirmation. Thoughts?
Update from weekly analysis the 31st of July. Possible reversed head and shoulders on the 12H. I am currently waiting for the right shoulder to be formed. Remember - no pattern is perfect, it is the concept of the pattern you are looking for. Looking at the weekly zone (white area on the chart), this level has been respected multiple times and has now, again,...
Look at my weekly analysis I did on July 31st. EUR/USD has found support at a weekly level 1.01272. It has also formed a ascending triangle now on the daily. Preferably I would love to see price back in the monthly zone before considering going LONG. But, a potential breakout of this pattern could also be a LONG opportunity. This is, in my opinion, the most...
Double analysis on EUR/USD. Analysis 1: What we see right now on the weekly is a false break setup below the monthly S/R zone. Which means that price will bounce back inside the range and target the weekly upper zone. Analysis 2: Price broke down and is now re-testing the zone and will continue downwards to the lower weekly zone. Until I can see a more clear...
GBP/USD has been trading inside this range since summer of 2016. Resistance area has been tested 4 times and support area has been tested 7 times. The last time just recently. Based on these multiple swings on the weekly and previously respected areas, the probability is for price to bounce at this support area and swing up. We can see price swing to the top of...
Weekly chart analysis on BTC /USD. If the candle close above the 200 MA (meaning that it found support), we could see a pump in the price up to the zone of 31,000-32,000 USD. The 200 MA has been tested two times previously, as support, in dec-2018 and march-2020. Looking at the same areas on the monthly, we can see that the price found support on the 50 MA...
Monthly chart analysis on BTC/USD. If the candle close above the 50 MA (meaning that it found support), we could see a pump in the price up to the zone of 31,000-32,000 USD. The 50 MA has been tested two times previously, as support, in dec-2018 and march-2020. This could be a potential long position to take, looking at the market structure from a macro scale...
Trading forex at the moment and looking for profitable trades and I came across AUDUSD. Market structure shows bearish, as you can see if you look at the 50MA. So I am looking for a short opportunity. I drew trendlines at the highs to define the trend even more. We also have a support area, that is a previous resistance area. Which makes it valid in this...
Trading it up to the resistance zone. Supported by the 20 MA.
Link broke out from a descending channel on the 13th of December, it made a pullback to the 21EMA and 0.618 FIB level today on the 14th of December. I am anticipating a bounce from these two levels. The possible price target from the descending channel is approximately 15.78 USD. It could also be that we hit the upper trendline of the bigger symmetrical triangle...
Possible bullish pennant on the 4H. Price bounced from the 21EMA and 0.618 FIB level. Thoughts?
Keep an close eye on this one... Target is around 750 USD. Tell what you think in the comments. :)
I have multiple pattern multiple timeframes here. On the daily potential symmetrical triangle (purple) and cup & handle patterns (red). On the 4H I found this blue symmetrical triangle. Price is currently holding dynamic support at the 21EMA. Will see if it can hold and might do an aggresive buy or be more conservative and see if it can break the dynamic...
Hi! I here have an ascending triangle with a profit target of 17,247 USD. MACD just crossed. The past few weeks have been very bullish for BTC. Will it continue up or will it have a hard time breaking this 15,800usd level?
A potential bearish scenario for BTC in the short-term. First, we had the close down on the 21 EMA on November 25th. Now it looks like a bear flag formation with a target of 13,532 USD. Leave a comment, what do you think will happen next for BTC?