Patience
Waiting for the break on GOLD (XAUUSD)Now the price is within a zone from where we are waiting for the breakout or the breakdown.
Note that fundamentals are coming soon so the market can be choppy. Therefore search for the signals afterwards.
Wait for a significant breakout or breakdown candle around the support or the resistance zones marked with grey. You can use lower timeframes for better signals but don't forget to pay attention to the H1 and H4 in the meantime.
$XBTUSD - Bitcoin Technical analysis - Trend still bullish !Hello Everyone, hope you are liking the analysis that i have been posting on Bitcoin and Ethereum.
Bitcoin run has been the best thing that has happened in this new calendar year. Now that we are over 9000$ for the 6th time, Let us look at Bitcoin from monthly perspective. It clearly shows that hurdles that Bitcoin has towards 10000$ and beyond.
We are currently in big monthly resistance zone which is at 9290$ to 9615$. It looks like it would be tough for Bitcoin to cross this level however in my opinion, this time it will cross this zone smoothly.
Please do hit like and follow button, if the idea makes any sense to you.
Thanks for visiting !
Yo Crypto
Descending Channel On EUR/CHF 4HRDespite there being a Descending Channel, Id be skeptical at entering this trade as the MACD and Signal line have crossed over each other to many times without crossing back above the "zero" line.
Before entering this trade id like to see the MACD and Signal line cross over the zero line then from there give me a clear direction into where the price is heading. I'd also need that clear break through of the channel and all other indicators to enter this trade.
This ones definitely for the patient traders out there who don't mind waiting.
BTCUSD - Shorting has begun As this chart as not been modified we are seeing typical behaviour bein repeated by the majority in crypto land. This being said... we are also seeing further discussions fundamentally surrounding the footprint of crypto currencies in the future.
Now at this present time we are seeing a few things take place. Speculation at the 6800 Level showing buyer sensitivity, keeping in mind we have still been in an overall down trend still the majority have forgotten this and continue to FOMO invest, the "Whales" or those that
are considered to be leverage traading with larger Qty orders see the chance to create more liquidity and gain further positions at a better price.
Logically take profits are actioned at the highlighted areas and shorts are put in place.
Currently following wihtout bias. Ideally we have the potential structure forming to get an opportunity between 3000 - 5000 range again. all going well we will see thif before end feb/begin of march .
Patiently watching...
Setting orders at 3500 - 4k range to buy.
LONG EUROLong euro using simple Fibonacci and harmonic analysis - many resources to learn these techniques are available for free. However find a good reference with academic credibility and learn from there, that will give you the confidence to pursue this crazy journey of being a trader.
Targeting 1.1250 however may leave a little skin in the game in case price proceeds to 1.1325
uber has no clear direction and you better not try and guess.so uber has been a very trendy stock very clear higher highs and higher lows then on the breakdown we saw the same thing
now we are in between levels and 34 will be the one to tell us if we break the previous lower high or we continue the downtrend
so ill set a alert at 34 then one at 27.75 and wait for the trade to come to me rather then guess
ill be doing so on a lot of other stocks and just sit down and read my alerts as they come in rather then guessing the market
roomers are that more money is being lost predicting a crash then people actually make when it finally crashes the reason is actually very simple
because the person trying to predict the market will buy puts every time the market goes up and wish it will crash but when it actually crashes he'll run and buy calls cuz hey he is trying to predict whats coming so lets just sit and wait for trades to come to us
Looks like a sustainable move..TSLA has two Gaps to fill, eventually all gaps will be filled or not. Time will tell, I will remain patience and neutral for now until we get a sell signal, earnings the 18 of Februar might be the catalyst for the sell side.
Bias: Short, if it breaks down, forming a bearish engulfing or breaks out of the steep trendline to the downside
Only looking to buy if it makes a correction to the former resistance at 388 and bounces from there.
A possible opportunity to load up more/catch a ride?A) So BTC pushed into last week's open (upper orange line) and has now retraced. I hope you used that structure and long wick as an opportunity to take a little profit if you were long?!
B) We're now at the 50% retracement of that recent leg up. Possibly a good spot to load up? I'll be waiting for confirmation before adding to longs, for what I perceive to be another shot up coming.
C) The next area I'd be looking to possibly take profits if/when we reach it.
Any close on the 4hr below 7.2k and I'm likely Flat for the time being. Till then, I'm viewing this as an opportunity to add to longs in the "golden pocket". As always, stay safe, happy trading. Good luck. Make sure you practice solid risk management. YMMV
GBPCAD update Patience is key, right now waiting for good confirmation if price will hold or get back inside the up-trend channel! For my own pleasure, i would like to see scenario A happening!
What do you think? leave your opinion in the comments!
Also, if you like to discuss ideas and enjoy my analysis, join me in Telegram! Link in the bio
Can the VTC cycle repeat leading up to BTC halving?Here's what VTC would look like if it followed the same pattern as last time.
Good luck.
BEING PREPARED & PATIENT YIELDS RESULTS*DISCLAIMER: NOT FINANCIAL ADVISE BUT WHAT WORKS FOR ME*
This post is to highlight though we are in a bearish market there are still good opportunities to make great gains if you're prepared and patient. I rarely make intra-day trades when gains are far greater if you can weed out the chop and stay focused on the bigger picture. I.E. in the last 30 days I've been able to achive 40% gains in my active trading portfolio *(excluding hodl, savings, other investment accounts)* using leverage and hodl'n positions 5-15 days. We've seen a 33%ish drop in $BTC price and I was able to capitalize on 21%, I consider the other 9-13% to be educational tax, with a win loss rate of 20:1 (I consider this very fortunate and the trend mainly moved short).
*Variety is absolute key, don't put all your eggs in one basket but also don't spread yourself too thin.*
This has been achieved through the following steps:
Trading plans for both scenarios before entering a position
Trading Logs, Record EVERYTHING. The data will uncover trends in your own trading.
Trade Management
Trading with the trend
Many many more but these are the big guys
...
A very interesting positions here, we've broke downward of a major trend line (in red) and the neck of the head and shoulders developed by 9k-14k prices on the daily and weekly charts. Looking at the 4hr we've also built a quick inverse head and shoulders just under the red trend line.
Lots of contradicting signals here today so I've devised both bullish and bearish scenarios. I suspect the 9MA/18MA on the daily moving into current price action could be the time-frame triggers
BULLISH
SIGNALS: Bullish divergence on the daily RSI, Price action bottoming out on it's bearish channel, and the 4hr inverse head and shoulders could be a small signal.
ENTRY TRIGGERS: Price breaking LONG and a daily close ABOVE 7500
FIRST TROUBLE AREA: 8000
TARGET: 8500 13% MOVE
STOP-LOSS: 7300ish PRICE ACTION DEPENDENT
BEARISH
SIGNALS: Possible weekly close under major trend (In RED) which is now also .618 FIB off the 20K ATH, Major trend being bearish
ENTRY TRIGGERS: Price breaking SHORT and a daily close BELOW 6800
FIRST TROUBLE AREA: 6500
TARGET: 6100 and BELOW 12+% MOVE
STOP-LOSS: 7000ish PRICE ACTION DEPENDENT
At the end of the day I remain long term bearish with the trend, just too risky atm to confirm a bearish move is to follow.
It does not look too bad Although it seems to be down quite heavily looking at Binance charta only, it doesn't look so bad when looking at the whole picture.
CADJPY Ascending/Descending Channel Support Zone ConfluenceSTRATEGY: Chart Patter/S&R Strategy (Ascending and Descending Channel)
Focus TF: 4H
TP Target: 2.04R
ET: 1H - Abandoned Baby; Bullish Engulfing
AOV: Ascending and Descending Channels' Support Zone (Confluence)
1D Analysis:
Long Term - Price moving inside a large Ascending Channel.
Short Term - Inside Ascending Channel, there's a Descending Channel and the price approached both Large Ascending and Descending Channels' Support Zone.
Pin Bars occurred on the Support Zone showing rejection of the area. There is a high probability that the price will bounce and hit the Major Resistance (Horizontal) area.
4H Analysis:
Price struggled to create a new low, showing mini consolidation and price rejection of the Support Zone
1H Analysis:
ET:
- Abandoned Baby
- Bullish Engulfing - Series of Bullish Engulfing occurred on 1H TF. These are a great sign that price is ready to bounce and go up.
Note: This post is my personal journal/opinion only. Please trade at your own risk.
Bitcoin almost done correctingIf you're not looking at Bitcoin logarithmically, then you're not seeing the long-term price trajectory. Remember, fiat currency is now moving into hyper-devaluation, so it's more prudent than ever to hold onto something that isn't chipped away at by banks or other greedy hands. crypto and precious metals are the only two things left, and you should own both. (not financial or investment advice)
How high can Frontken (0128.kl) go?- Frontken has been on an Uptrend for some time. I did write about it months ago (click on the link below).
- In the recent chart, we see that the price is trying to break Resistance @ RM1.67.
- At the time of writing, we see an LC breaking through this Resistance at its 3rd attempt.
- If this is a genuine break, volume must be high and price will then do a pullback just above the Resistance line.
- One should not trade based on emotions. Let's wait and see the progress after few days.
XAUUSD 2/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY
PA - PRICE ACTION
BITCOIN SIGN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES WITH SM
MARKED LINES - POTENCIAL ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!