My strategy: I used many techniques in my analysis with
- Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
- Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or...
NFP Trading Setup
Today NFP data is coming
Fundamental side: last NFP is bad,
and today's NFP's forcast is not very high as well.
ADP Data is also not very good.
So Dollar is not likely to gain strenght from this NFP
If NFP data is less than 150k, Gold Rally to 1430 but can't
break 1430 in the first place,
then we can use lower time frame's price...
Monthly MACD Crossover could happen at the close of this month, along with a bullish inside bar candlestick pattern. This could be a catalyst for a parabolic bull run like none ever seen before in history.
This could be THE most critical month in crypto history for deciding if the bull market is happening in it's truest form.
We could even see a cup and handle...
I'm compairing last xrp cycle using Wyckoff law of cause and effect, which states that the impulse move is proportional to the energy accumulted in the trading range.
We can see that the range price excursion is narrower (-35% difference ) but in this cycle the accumulation is lasting much longer, atm +86% of the previous one. This means that the move we are...
Wish Everyone The Dragon Boat Festival
BTC Now complete the Bullish Bat pattern
and good price action with the yellow demand zone
Therefore we can buy BTC now and SL below X
TP1: 8500 TP2: Long term Hold
Price has broken through the corrective channel, along with forming a head on shoulders formation. Watching for a break of the neckline for a trend continuation to the downside as price is making lower lows & highs..
Here another cheat sheet for you.
It is quite self-explanatory:
Since the recent bull-run created new support and resistances and the yet BTC failing to break out from above 13,600 USD, we will likely trade in a range between 13600 and 9700 for a while.
In case 9700 are broken, there will be plenty of cheap buying opportunities, as there are relatively large...