EUR/USD-->The most lovely but WTF Hey traders , I'ts ironic how many times this currency pair burned me, but when i see one of my firstly post here it was the reversal H&S in the Daily and Weekly time frame in Euro/Usd , I feel justified. So, lets go straight to our chart, we Trend is obviously Down, the important rule of "We don't trade against the main trend" Its correct and this is an example of what trading scenario(plan) you have to apply in this cases.Therefore, we are looking for best entry that could be in the yellow levels that you can see clearly in the chart. In addition, the bearish pressure that forced the price to smash the support (strong) level its visual with a clear eyes. If you go back in the chart you can find many -Point A- like the nice open blue that I have drawn for you. From the price action analysis resulting that the price may reach the previous support (now became resistance) and go even more further. Thus, we are looking to take short strategy in order to take profit the stop losses and take profits levels will be adapted but the main idea is this that I mentioned above. The reason that we don't trade against in main trend you will find out why if you join in to this trade.
I will try if you want to read me, to put some indicators in the cases that we need the past data to analyse and confirm our trading moves but not for now.
If you agree give me Like to motivate me.
My name is John Vasilopoulos
Instagram: john_vasilo
Thank you .
The
SOX INDEX THE BUYING PANIC The rally from 2009 low to the last peak was 1.618 the net distance traveled with wave 1 to 3 for the 5th wave the Orthodox TOP and odds are high that we are in a wave B rally we could see targets from 1646 to 1756 and even 1830 BB bands on a monthly scale have now been taken out as we did in the final wave up into 2000 peak .We will know the TOP OF WAVE B LIKE WE DID IN 2000 .As for fractal pattern The peak in 1929 was a wave B Similar patterns as then For now I am moving back to 100% cash .
AUDCAD BUY OPPORTUNITY, STILL WAITING FOR ORDER BLOCK Waiting to JUMP THE CREEK off of the order block. Smart Money sold to buy and I am waiting for them to breakeven on the sell to push market up. Spread was WAY too big when the market opened yesterday, so I would like to see price come back to 0.94650 again give or take a few pips. Then we will jump in with the buy and ride it to the previous highs.
ADA Cup & HandleADA completed an impressive Inverted Head and Shoulders and has now since completed a Cup and perfectly retraced to the .618 from the bottom which also aligns with .786 from another low, there's Fib Symmetry with previous swings also in the same region, 50ma 3day acting as support, RSI is above 40 which is the Bullish support zone, the the Composite Index (momentum oscillator of the RSI) is displaying Hidden Bearish Divergence to the extremes. Patience will prosper with this trade, or King BTC / BTC.D will ruin the parade
ONT/BTC - updated chartIf this fib line does not hold I would expect further downside, doesn't look great for ONT here.
Blue triangle indicates the current range.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
---DIREXION---GLD----1hr Fill the gap at 16.10$ Long Buy set up!-------------------------------------------------1hr Fill the gap at 16.10$ for long Buy set up! --------------------------------------------
Text cup and handle completing...
---------------------
Gold 1D 50MA has just crossed over the 200MA, and now will retest\close and escape!
On the 1W cup and handle detected, looks to be going for curl!
long
-----------------------------
4hr looks good
1hr RSI inverse head and shoulders
1D RSI still dropping
1D Stoch RSI needs to turn
---
Gold!
Ethereum is About To Come Crashing DownWeekly
Fib Confluence to the Extreme
Bearish Reversal Candle
RSI Below 60 Which is Bullish Support so Resistance for now
Stoch RSI Oversold
3D
Composite Index Bear Div
Stoch About to Cross bearishly
Approaching Upper Cloud Resistance (price in cloud)
Daily
Flat Tenkin Sin (acts like a magnet (price @ 160)
Bear Div Stoch RSI / RSI / Composite Index
SL @ 198
Targets As Shown
MTL/BTC - ready for big gains?MTL/BTC looks to be in a good potential buy area with a tight s/l.
Target 1: 0.0001640
Blue triangle indicates the current range. Anything falling outside of the triangle is considered a breakout.
Green box is buy.
Green line indicates t/p.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
TNT/BTC - pump comingDecided to mess around with fib channels today and found some cool patterns. TNT/BTC looks very likely to hit the target.
Target: 0.00000786
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
LINK LONGLink has bounced off the confluence zone, and the RSI on the daily only went as low as 62 (bullish support zone for the rsi is 60) and it's also holding onto support via an the 33EMA within the RSI, the 4h RSI is displaying hidden bullish divergence(oversold at a higher price). Price targets are displayed in the box, top of the box being the ultimate target, stop loss is the area below on the right in the red box
BNB Coin is at a Pivotal Piont in Time.BNB Coin is at a Pivotal Piont in Time.
On the left we have the Daily Chart for BNB, clearly trending up, within an Ascending Triangle and near the Apex. The Upper resistance line is strong resistance, BNB has tried a total of 3 times to breach, was successful on one attempt but the bears brought it back down, buying in now would be a risky Entry, as RSI is losing momentum and itself along with the composite index are both in Symmetrical Triangles. The Ultimate Target is the top of the box at the 212xx area, which is a 20% gain from the conditional buy @ 17325, although if BNB pushes past the box additional targets are above said box. We may struggle at the 18550 / 18600 & 19600 areas
The 4h Chart is displayed on the Right for BNB
Again same story, same coin, same triangle etc. although this is the downside, the RSI has bounced multiple times at the 40 area which is an indicator that the coin or token etc is bullish, BNB formed a double top on the green line within the RSI at the 80 level it fell and landed (at 47) above 40, bullish sign, but on the following run up the RSI failed to breach the 60 zone which (is the maximum give or take a few levels) an RSI will travel when said Coin / Token is bearish, if you scroll back the 60 level is a an important resistance level during BNB's downtrend, it is also riding on support which is bullish in a sense but its as if price is needing to bounce of these dynamic support lines to push higher,
I've estimated how far BNB will go if it falls out of said Triangle.
I believe we are heading down, unfortunately you cant short on Binance... but if we happen to break out I'll buy the break out.
Happy Trading
XRP to the MoonFibbing from the blue circle to the red ones, ends up giving an overlay of confluence at the horizontal rectangle, XRP has respected this line and has since bounced, a box from the last blue circle to the confluence zone is then copied and applied from the confluence zone upward. This is the final target, you can fib the box like i have done to give you internal targets so you can average out of your position. A stop loss is imperative as BTC could do something whacky tonight / next few days, also the RSI has bounced at horizontal support, another indicator that we are still somewhat bullish, and the 100 and 200 MA are below price, although the 50 ma has started to drift above.
Make or Break for ETHEREUMMake or Break for ETHEREUM
The Downside 1D Chart
Ethereum is currently at a make or break point. It has currently rejected the confluence zone and now looks like it is going to retest it, if it is rejected again (and it looks like it will be because of the present bear div) we could see ETH as low as 30 USD. My shorting targets are displayed in the 2nd box, if it breaks above we could see ETH as high as 200 USD. 50 and 100 Ma are above price, the 100ma could act as dynamic resistance
or
The Upside 4h Chart
ETH is clearly in an uptrend and respecting the confluence zones, if it continues this way we could see ETH reach highs of $231. note: There is BEAR DIV too. In saying that the RSI is well above 50 which is positive for an uptrend. 50, 100 and 200 MA are all below price.
I like both setups and they are both highly possible but i'm leaning towards the top one as of the bear div, i also think this hard fork coming up could negatively impact ETHs price, it could also push it old highs, therefore it could go up or down ;)
If ETH Breaks 159.5 ill look to go long, if it is rejected by the confluence zone on the daily ill look to go short.
The FIB KID
The #BitcoinSV | $BSV rocket about to takeoff on Christmas Day!The #BitcoinSV | $BSV rocket about to takeoff on Christmas Day! We are holding MASSIVE QUANTITIES... and YOU SHOULD TOO! ...ASAP!