Entered short on EUR GBP due to multiple resistances being formed on the 78.6 fib along with a continuation downwards with some bearish engulfing candles. Will monitor trade but currently in profit awaiting a larger move.
Took this trade due to continued CAD weakness followed by JPY strength and continuation of the uptrend. All in all great trade, looks like we can continue downwards.
After this morning reversal, fibs were able to be seen clearly and the daily did not close in danger territory. All crypto seems to be reversing in this matter but we still need major bullish closures for the rest of the week to stay on this track. $ETC Tapping the 78.6 fib at around $46 USD was mucho importante. Retesting that price is better for us to make this...
Ticker: $FCEL Description: Following the low emissions plan of Joe Biden, demand for alternative energy sources due to global warming, and the uproar in auto dealers switching to electric/alternative energy, we have been trending upwards for quite some time in the energy sector. $PLUG, $FCEL, $WKHS, and many others have followed suit and all call for an even...
Bitcoin seems to have broken out of a descending wedge allowing us to chart a run-up with a break and restest at the 78.6 fib - a great psychological level of $33500. This is showing some short term confirmation on the break and retest BUT does not confirm further upside just yet. We must hold this level and even create some futher higher highs in a bull flag or...
Wow after all this time we have liftoff from DOGE. Is this the crypto catalyst we need to take some eyes off the rookies on wall street betting big on 90's stonks? 1. If DOGE breaks above this trend line I may buy some more. Crypt is still in a long-term trend upwards and this can easily 10x from here. 2. Bitcoin is also in a similar pattern but has broken out...
Me thinky she will make a run.
Broke a very long 4-hour trend line I posted a few days back. This was a sell for me so I locked in some profits and bought back in on this new support around 30k If this breaks I will re-consider longs on $BTC. I think we can stay stagnant here for a little to give the bulls a chance to regain some ground. Also looking for where to place some fibs but not seeing it.
With Euro Yen being sideways for quite some time I think we are due for a move this week. Looking to go long from here with multiple confluences on 61.8 % Fibonacci, Trend Line continuation, and overall daily level support with some wicks forming in the right direction.
Just some lines. BTC does what she wants. Or is it aligned. We shall see at the weekend! Also very curious to see what crypto does with all of the political unrest in the US, currently where I reside. I will tell you it's nothing less than a crapshoot. BUT if you are holding crypto how bad can things really get...right? Hopefully, that ages well. Happy HODL'ing...
With recent SEC news and overall timing of this many believe this can either be the end or the best buy opportunity to be presented. Will you play safe or risk it for the big cahuna.
The Trend is most definitely your friend! US dollar weakness can continue with talks of stimulus bill being proposed as well as a continuation of downtrend in overall Dollar strength last few weeks. Will continue to monitor but it looks like the bill will be signed and the USD will continue to crumble.
Looking to capitalize on the EV market pullback this morning with a SOLO buy zone placed last week. Hoping this wick to the 78.6 was the one!
Looking like GA is in another descending triangle after 2 previous similar movements.