Shorting GBPJPYToday we would like to share one more trading idea, this time, and we are looking at shorting GBPJPY; however, being cautious and taking into consideration the current market volatility and setting an ambitious TP level. You can adjust yours based on your risk preference and reward ratio. With the present trading idea, we are targeting 1:3
Shorttrade
GBPJPY (SHORT) 🔥🔥🔥We are currently on an uptrend which should probably be a fakeout. I'm waiting for the price to test my OB before it continues its bearish movement. Make sure you're following the channel so you won't miss a top-notch analysis like this!.
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
Dangerous TOTAL2 PRZ?! Crypto market dump ahead? In order to have a bull market, it's essential to absorb more money; and I mean BIG MONEY! The main reason that crypto market made huge profits in 2021 was that more people understood what cryptocurrency actually is. This led to normal people (such as me and other new to crypto fellas) investing on this market hoping to get good profit and we got it! But how long would this bull run last? The answer lays beneath the TOTAL and TOTAL2 charts. These charts reveal how much money the entire market has absorbed.
As I mentioned at first, the more money the market gains, the more it grows. But when the money slowly leaves, the Market Cycle Phase changes. You may ask what it means, so here's a simple explanation from Investopedia:
1. Accumulation phase: This phase occurs when the market has bottomed and the main investors such as big corporations, money managers and smart investors start buying. In this phase valuations are attractive, yet huge percentage of investors still consider the market bearish and the sentiment analysis say so.
2. Mark-Up Phase: During this phase, technicians see the movement in the market and other investors get on the bullish train and prices start to go higher and higher. This is investors favorite phase! No matter what you buy and when you buy it, you make great profits.
3. Distribution Phase: In this Phase, sellers start to dominate the market, the bullish sentiment changes to mixed sentiment and prices often move in trading range. As soon as this phase comes to the end, the prices start to reverse and classic patterns such as double top or triple top appear on charts.
4. Mark-Down Phase: Without any doubt, this phase is the scariest of all 4 and the nightmare of investors. During this phase, prices go lower and lower, the news would be all bearish. If we carefully observe the third phase and exit the market, our money can be safe but if not the nightmare would become real without any doubt.
If you take a closer look you'll realize that the TOTAL2 was unable to go higher than the all time high. You don't even need to be a technician to notice that. I used the 4H time frame on purpose. It is possible to see bullish movements in short-term yet it all could just be a pull back in long-term. The market cycle I mentioned earlier is fractal which means there could be bullish mark-up cycle in 1H or 4H time frame but not in long term.
In conclusion, this post wasn't here to scare you, but to inform you what could be awaiting us. The money I mentioned could leave one coin and be invested on another one, eg; from BTC to MANA or vise versa. This means it's still a very attractive market but you have to be more careful. Looking forward to hearing what you think!
BTCUSD ShortSetting up for another short in the upcoming week on BTCUSD , achieved the first short 100% timing and target this week. Now onto the next one, ghost candles portray a crude projection the price action in the upcoming weeks. As we hit a new support level it is worth noting how far off the cloud we are, cloud should allow some bullish sentiment acting almost like a magnet pulling the price up but that trend line ain't gunna break with all the sellers. The fact is there is more sellers than buyers. Don't let the price action entice you to long, it won't work out. Will update and revisit in the upcoming days. Let me help you through this bear market been here many times before it's not a good feeling. #crypto as a whole isn't dead just wants to shake out the non believers, Allocating into layer 1s is probably a smart more three weeks ago.... Layers 2s will be purged this bear market Happy Trading. Have any questions reach out or comment.
UPDATING Previous chart, The crude ghost candles have been more or less providing a pretty accurate movement on the price action, the bull trap is upon us as today is the day where we open our asking short, original idea posting nothing has changed on the OG posting it all looks intact lets get this monies.
crypto BTC BTCUSD
"My wife hasn't left me yet because of the 12 y.o. traders."
-KewlKat
Three falling peaks pattern with bearish DivPretty cut and dry explination. Clearly a three falling peaks pattern with bearish div (4hr) on both MacD and RSI. I got in way higher but even at current prices it's not a bad entry to grab some puts, adjust accordingly ofc. Good luck and if you agree or disagree leave a comment, all criticism is good criticism!
ALGOUSD | ALGOUSDT Short trade on harmonic patternThis is just ALGOUSD short trade taken on Phemex exchange with all Twitter link for personal trading journal but maybe someone will find this helpful.
Trade is taken when I saw ALGO reached bearish Gartley harmonic pattern PRZ and possible projected harmonic pattern.
After reached confluence of two bearish harmonic (Cypher and Anti Butterfly) I have ready short position with stop loss and targets based on bullish harmonic projection (I use also harmonic patterns for good place to take profit in stages). And always moving Stop on break even or in profit in stages.
Rest of full of this trade (I took 3 short and one long what is closed on break even, flipped to short) is on chart with all update I done on my Twitter.
Reminder to always give winning trade to run and losing trade cut when you see is going against your idea. Use Stop Loss and take profit in stages. Move Stop Loss according to your trading plan.
Netflix: Double top pattern completeNetflix - Intraday - We look to Sell at 642 (stop at 665.4)
Selling pressure dominated price action yesterday and we expect this to continue today. Posted a Double Top formation. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. The formation has a measured move target of 583.5.
Our profit targets will be 583.5 and 563.5
Resistance: 642 / 658 / 700
Support: 617 / 600 / 563
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BTC SHORT OPPORTUNITY...btc dump/short soon....... a few months
Condition 1:
This Rally failed to break previous High.
Condition 2:
Buyer's Failure , Two try couldn't make
higher high and then break down
If Both Condition valid, we can short BTC
aim 40k and 36k
Order cancelled: NO DOULBE TOP
BUT BREAK OUT
SWTICH TO PULL BACK TRADE MODE
EURCAD - Showing ReversalThis momentum is not yet ready to break the Resistance level and the 200MA, but this could be a good indication showing that the bulls is want to break the 200MA and going to bullish trend.
One good entry for short position today.
Disclaimer:
This is not a recommendation to BUY or to SELL.