GBPUSD - SHORTConsider the formation of South Impulse from Major Resistance Level. Sell on a false breakout! The target is Major Support Level.
GBPUSD - SHORT
ENTRY PRICE - 1.14700
SL - 1.16600
TP - 1.08400
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Gann Fan
Weekly candle to close red suggesting trend continuation
Gann Square, the built-in smart tool of TradingView, is provided with many fans and arcs. Every single one of them, if properly plotted, is considered to serve as S & R. Not to mention their crosspoints.
In this chart, I applied it so that only the strong movements (progressive waves in the E.W. Theory) in the trend direction penetrate the arcs and the crosspoints.
So if the weekly candle closes red, the arc resistance is confirmed together with the trendlines, making any upside to mark HH more difficult (implying a continued downtrend).
Let's check this scenario.
Although this is not textbook theory but my empirical analysis, the light-green shaded zones act as resistance zones like the Ichimoku cloud.
Considered in conjunction with the low of 17600, we would see a large or small rebound there.
However, a move beyond 25k, especially over 28k, within one or two weeks is almost unlikely, given the overhead crosspoints and the likely continued macro downtrend.
Gan Fan 1 x1 (thick black) may serve as support. Watch 16500 if 17600 support is lost.
$BTC Heikin ashi + gann fan + levels for downtrendBTC looks to be topping soon, on a break of 1/1 which I think is likely in April. To help judge important levels to the downside, I created this chart with a Gann Fan and important levels of support/resistance.
If we break the 2/1 level after the 1/1 level, then the 8/1 level is in play. Those will be important levels to watch in the coming months.
EURJPY – SHORTThe possibility of selling from the Major Resistance Level and Supply Zone. Sell on a false breakout! The target is POC level in Demand Zone.
EURJPY – SHORT
ENTRY PRICE - 146.550
SL - 148.000
TP - 142.200
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
NEXT BULL RUN 🚀 ( bitcoin and Altcoin) BITCOIN LONG TERM :
We finally got breakout
Sometimes to stand again
we must fall
and We have already fallen
So.......it's time to go up
Bitcoin gave many opportunities to get rich
Going back to history, the first opportunity was at $2,500 in 2017
The second chance was in 2019 when the price of Bitcoin fell $ 3000
And the opportunity now will be at $ 17500-21000
Get ready for 90000 dollars
It will be a really fast and powerful rise!
DRV - Short Real Estate NowMortgage rates are penciling-in to be around 10% on a first mortgage note by Jan/Feb - so everyone with a couple of brain cells to rub together knows what that will do to real estate prices.
Some good things will come out of this - like the Gen Z's in the market will get a chance to become homeowners, but in trading terms, this is a very good opportunity. DRV is an easy ETF symbol to broadly short the real estate market with - I recommend sitting on the thing for several months.
Shorting bonds directly works, but will vary by your broker for availability.
AMEX:DRV
SPX movement midterm analysisMonthly movement is respecting Gann Fan 3/1 line. so a possible retracement to hitting 3/1 line again is highly likely for my point of view.
Also it is respecting Gann Fan 1/1 line as a support, however due to gap between current price to Gann Fan 1/1 line, its unlikely for the price tp hit the line so soon.
looking forward for the price to hit up to 4000 first before another critical trend change.
US Treasury 20 Year Bond Yield Curve - Year to DateWho would have thought we might be seeing 20 year guaranteed 10% returns on US Treasuries soon.. but it could certainly happen. Short the things on the way up, and keep your cash available to buy every one of them in sight on the way down.
Rates on a 3month Treasury are up an astounding 7,780% - Year to Date.
TMV is a Super-Simple Way to Short the Bond MarketBond yields are screaming upward, and they won't slow down until they overtake the rate of inflation - so we are basically at 5%+ on a T-bill right now, and probably headed toward double digits by end of winter. Yields Up = Prices Down. Short them until inflation returns to about 2%.
Shorting bonds is of course a little hard for a retail investor, but I have a couple of ETFs that work very well for it. TMV and TTT have proven quite profitable. TMV is up 114.5% in the last 12 months, and about 59.23% YTD. TTT has similar numbers, just some admin fee differences, up 116.5% in last 12 months, and 59.64% YTD.
When these start to level off, just sell the shares and flip all of it into whole $1k bonds. As yields begin to go downward, the values of new-issued / higher-yielding bonds will go to the moon. I made about an 85% return in 3 months in June 2020 doing the same strategy, I shorted them on the way down in June, then bought everything so cheap that I actually had internal interest 12% yields coming off from what I was actually buying Corporate AA+ bonds for. By October, I sold that stuff for ginormous gains when everyone realized the sky wasn't falling.
Using the same approach - I recommend shorting the snot out of real estate too. Technical indicators are pointing toward 10% +/- first mortgage rates by January, and that will kill the housing prices. DRV is a good short ETF tool.
AMEX:TTT
AMEX:TMV
Apologies - I should have posted this a couple of months ago, but people tend to want to see trend/evidence.. I jumped in these around May.
BTC: Potential Short Trading Opportunity at 20800 (-21200)
Just an idea.
Nothing major has changed from my previous ideas (a slight correction was made on the wave count).
If this scenario plays out, we could short at around 20800 (-21200).
Note: In this hypothesis, we are in the first corrective wave 2 (ABC) of a final, impulsive wave C (12345) of a zigzag (ABC) being the last componenet zigzag Z (ABC) of the whole downtrend, i.e., the triple zigzag (WXYXZ).
OIL to mid-50'sOil is going to pull back to the mid 50's.
this chart looks stupid and crazy...focus on the godmode section underneath...
i'm a signal in the noise guy...i don't mind the chaos on the page, i prefer the markers as they turn out more legit than most would realize.
if you mind the chaos...sorry...if you get it...enjoy
(and we closed the month under $90.952 so i'm leaning towards a vicious monthly candle)
Update: ETH's arc suport lost. Next 1250, or 1180
This is an update from my previous post (see the related ideas below).
The arc support, Fibonacci extensions' 0.786 of the large H& S, is now lost. The red candle is testing the bottom of the channel.
A rebound is possible here but considering the absence of the arc's support, together with the established larger and smaller Head and Shoulders, the price might not be grounded still after the plummet.
Instead, I suppose ETH may find more solid support somewhere on Gann Fan (green), as explained in my previous ideas. So watch 1250 (channel) and 1180 (Gann Fan) next.
ETH's support levels- analysis based on Gann Squre and arcs
With the Etherium merge complete, the predicted dump might be incoming.
TA-wise, Gann square played out perfectly and still indicates support levels that could be relied upon based on the previous prediction result.
Watch Gann Fan* 1 x 3 (green) if the price further goes down through the crosspoint of the arcs.
Because significant support lines are absent immediately below, It seems prices like 1256, 1189, and 1123 aren't so far-fetched if a stronger sellout takes place.
The intersections of Gann Fan with Fibonacci levels would provide solid support.
Shaded aqua-colored zones also indicate S & R like Ichimoku cloud, based on my previous observation.
* A component of Gann Square. I emphasized it with a different (green) color.
18600 level before long, but possible revisit to over 20400
The bottom looked rather solid, but the bullish picture is fading under the more stubborn ceiling.
Elliot-wise, the chart reads to be forming a third component of the downward corrective wave.
Because the price actions respect Gann Fan (deep green), we could again find support on one of them- 8/1 - or around 18500-18700.
Speculation.
As I analyzed before, bulls could gain momentum for a very short term, in which case we could revisit over 20400 perhaps for a moment.
If the chart breaks 20400, a price over 20900 or higher isn't unlikely. But it would be until the massive short orders are filled - before long.