Analysischart
DDAIF Rectangular bottomContinuous reversal points in this rectangular formation, will it continue at (5)? MACD looks bearish, however there is a bullish divergence on the MACD. Risky trade.
DXY 98Greenback reached 98 mark and is starting to show signs of resistance on 4hr TF. On one hand could break through and work its way back up to 98.93 which we saw two weeks ago- move could be supported with positive CPI data that's scheduled to be issues later today. On the other hand growing recession fears, as signaled by the US 2-year-10-year Treasury yield curve inversion will continue to keep the bulls on the edge. Will keep an eye on DXY....
CBT, Cabot Corp. - Rectangle ready to BreakoutNYSE:CBT
What would I do when the price comes close on these two clear levels?
I will be on the side where the statistic gives favorable results.
If you are curious soon you will receive information that you can use to learn how to trade in the financial markets.
Trading is not particularly difficult or unusual.
A company also trades: on products, on services, on employees.
If you do not trade (of any kind), someone else will do it on your time...
So Stay Tuned and soon there will be news.
WANBTC: Let us capitalize on this before its too late.June -3 WANBTC was rejected and since then its been freefalling.
WANBTC has lost 50% of it's value and selling for lower than its market entry price.
AS the Related chart shows: The Retracement period looks to be finish.
Entry - Two days ago. Now, going long on WANBTC.
What the chart shows:
When the cloud is below WANBTC, we are in a bullish scenario.
When the cloud is above WANBTC, we are a bearish scenario.
Currently the cloud is above and is showing bearish market.
Swing Traders:
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
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Happy trading People...
ICXBTC: Good time to make some gains.Hi All,
It's all in the chart: if you plan on entering this trade please don't risk no more than 2% of your capital.
The market is random, TA can only help us with getting a 50%/50% hedge on capital.
So it is Imperative we always use stop loss.
Swing traders: Statistics and probability are on our side.
Don't worry about being right all the time.
You just have to be right 50% of the time to Double your initial capital.
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level.
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Happy trading People...
BTCUSD Where are you heading?????Hello All,
It’s becoming much difficult to tell where BTC is heading.
Analysis from a macro prospective:
Currently we have Asia Pacific retailer investor.
Crypto market only seem to have smaller institutional investors.
Crypto Exchanges seem to be getting hacked every week.
Crypto does not have a killer game or dapp for mass adoption.
There have been zero rally’s in the crypto market.
There have however been a lot of manipulations and pump and dumps.
What the chart shows:
When the cloud is below BTC, we are in a bullish scenario.
When the cloud is above BTC, we in a bearish scenario.
Currently the cloud is above and is showing bearish market.
The volatility is going down to 140.
While the dominance remain the same.
However, the volume now are much lower than before.
This shows the bearish market is petering out .
The futures market is hedging against BTC because we are moving sideway and no definitive direction.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Happy trading People...
BTC Due For a timely Retracement: Don't catch the falling kniveHi All,
BTC is currently at a crossroad. Not really sure where we will end up.
BTC was rejected during its uptrend to 6800.
If the bulls can not support 6500.
Tehn I see this as a 70/30 split.
70% BTC retrace back down to 6400 or 6200.
30% BTC makes higher lows @ 6800 and stay above.
Remember people we have been in a bear market well over 5 months.
The RSI pass my 70D-K.
Currently trading Above its 20 day MA.
However, trading Below its 50 day MA.
Lower Volume
If we are lucky BTC continues trending sideways for the next couple of days.
However, the trend is showing bearish signal.
I currently do not hold any position in BTC awaiting confirmation before I re-enter.
Trading psychology tells us to always wait for cofirmation before entering a trade.
Do not try to time the market and endup catching a falling knive.
Good Case Scenario seem more probable.
Hopefully we don't test the Worst Case.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Trade carefully people.