I try to apply more trading strategy in Gold 1h chart just be sure i have more confirmation for which way is going! Pullback Strategy Price Action Supply and Demand zones Support and Resistance pullback EMA 8 50 200 Golden Cross/Death Cross x Momentum
DXY Trading Journal Dec 1 Priced closed on the 50% of the BISI, coming down to take the equal lows. Price exceeded my short level I was expecting surpassing my107.099 for the low of the week to actual 105.615. Sweet. I also suspected that we could see a high resistance week of Price action and we did encounter that pattern- so I let price print day--take the day off doll! Discount market on the previous weeks range I would expect to be taking longs this week I would like to see price drop to the .618 and then send it long to105.850? Bullish on the week Parent bias is waiting for more details Lower time frame analysis this week will be mandatory to read what the chart is delivering. We are coming off a week of distribution, a higher price gap and liquidity to the buy side has my eye. NFC red folder this week so buckle up sweetheart, test the theory that red folder days are the low resistance days. Days that provide more favourable trading conditions.
Bitcoin has been trading inside of a channel from as far back as 2013. We have seen 3 bounces off the upper trend and arguably two bounces off the lower trend. Bitcoin has recently made a new all time high and now its looking like its on another bullrun. Using Fibonacci levels from the previous moves we can see that initially Bitcoin hit the -15 Fib at $19,931. Each retracement stage reaches the 0.764 Fib before continuing the bullish trend. The second run hit the -2.618 at $69,654 in 2021, a key level amongst crypto Fib levels. Therefore, using the same approach we can assume that Bitcoin will continue to trade within this channel, highlighting those two key Fibs on the current move, the -2.618 and -15, $237,346 and $1,035,805 respectively. These two levels are potential tops, and important when deciding what you plan to do with your Bitcoin investments This coincides with the fundamental landscape being set out by Trump, with his harsh tariffs on Canada, Mexico, Europe and China he is very likely going to cause bottleneck inflation. Combine this with the Federal Reserve lowering interest rates, the yield curve uninverting, geopolitical risk and energy supply bottlenecks for the AI industry. I believe we are about to see a substantial outflow of money from the stock market and into safer assets, classically Gold, but the evidence is clear that Bitcoin is becoming the very same. Take a look at my S&P500 idea, which coincides with a bullrun for Bitcoin https://www.tradingview.com/chart/US500.F/z7s68M5j-S-P500-The-Bull-Run-Is-Ending/
EURUSD Trading Journal Dec 1 Last week I suspected for price come to 1.04720 for the high and it blew by that for the actual high to be 1.05968. Sweet. We saw a week of accumulation. It seems likely that price will seek higher prices for beginning of the week taking the equal highs, possibility as high as the CE of the weekly SIBI before shorting to my suspected low of the week 1.05118? Last week price encountered a high resistance price delivery. Could see low resistance price delivery this week, with the gauntlet of 5 red folders days ahead, including Fridays NFC. Premium delivery on the weekly HTF and LTF previous weeks delivery is also premium. I anticipate higher prices for the start of the week looking for shorts over all. And remembering to read what the chart prints.
1. We have a purge on sellside from a failed breaker in H2 2. We have MSS on H2 3. We have clear draws as the buyside highs 4. We have price respecting the H2 OB+ and purging higher communicating bullish narrative
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Merry Christmas!!!! lol. Simplicity at it's finest! A child can read this market after I chart it out. _SnipeGoat_ _TheeCandleReadingGURU_ #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
BINANCE:BTCUSDT bullish trend now if you want to take a chance in btc then try for long order bullish trend running now so trend continueation will be reaming in btc that's why bulls are stronger than bears
According to the support range in the range of 3636 After breaking this area, expect a drop to the 3531 range Otherwise, the resistance of the 3738 range will be broken It can be expected that the range of 3843 and 3954 will continue to rise
Descending broadening wedge appears after down turn for a moment. The big trend is still upward. So this descending triangle is a perfect moment to think about placing buy stop.