BTCUSDT : DANGER ALERT !!Hello All !!
Welcome to the quick update of BTCUSDT. BTC was moving in the range of 39300 to 40800 for a long time. BTC broke 39300 and tested 38200 and again pumped back to 40800 without any obstruction. It was unable to break the 40800 resistance and was rejected again taking the price all the way back to a new low of 37700.
After taking support from 37700, it again bounced back until 40700 and is currently getting rejected. In the daily timeframe, BTC is making a bear flag and may be retesting i fear.
The various scenarios as expected are given in the chart for both bearish and bullish patterns.
Scenario 1: Retest to 40800 and dump again until 37000.
Scenario 2: Enter the channel again, break 40800 resistance, and all the way up until 43000 then 48000.
Please study the chart, take care of your positions and wait for confirm breakout or breakdown of the pattern. Be safe with your positions and save your capital for the longer term.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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Patiencepays
Crappy days+ Top author!Before we start, I would like to brag about becoming a TOP AUTHOR! You can check by going to the ideas tab and typing in MULN, switch to All time authors, and you'll see me! Anyway let's get into it, we've seen some bad days the past few, well, days, and it's not good, but stay calm folks, I have an explanation. The price went Sky-High a few days ago, and now people are selling out. Once the sell outs are finished and the price drops, (insert sound effect here) the price goes up again. will it break $5 by then end of this week? Unlikely, but by the end of April, it could AVERAGE that. stay tuned and stay calmed. (Is that a word? Calmed?)
2.00 resistance line broken, Pushing on safety to new resistanceOutstanding today, MULN has hit and broken the 2.00 resistance line and is now pushing into the safety area (2.30-2.70) while advancing towards our next resistance line. What does this mean you may ask> It means dont sell, let it go up, you don't need a cash out. Refer to my Other chart down below.
The issue with MullenHere is the issue with MULN. Patience. Not enough people are patient enough to buy shares and let them sit, because of the high volatility. We will see good days like 50%+ and bad days like 30%-, but until people realize we can just buy and hold, and when they realease a car, it will go up, buy what you can on a downward day, this stock is going to be good. We just need that 8 letter word. Patience.
Gold Giant Pennant "Giant Pennant" sounds funny, but that is exactly what Gold finds itself in. A giant contracting pennant pattern.
The nice thing about these patterns is which ever way they conclude they move to approximately the length of
the widest range of the pattern. The bad thing about these patterns is that no one can really know how they will
conclude. The ending is often marked by many fake outs, leading both buyers and sellers to mistake which way
the pattern will conclude. If the markets can stay strong and oil continue its push to 93, then we can reason
1. there will be highly likely a bearish fake out dipping below the bottom of the pennant bottom.
2. We can estimate the price target at around 2110.
3. IF on the other hand the market remain weak this will likely do the opposite and fake out the bulls and conclude
down to a target of 1541.
We only need patience and let this play out and with more certainty we can profit from what wil likely be a very
strong move in either direction
HMM Smell something cooking at HBARWell HBAR had to get talked about at some point
This is a coin that could do something special if there is a Bull run this quarter. It may not be ready just yet (could take weeks) but if you look at the failure to break support and the absence of any major Green Vectors below, this looks like it will do some quick dipping and flipping or just flip from anywhere imminently.
The market cap is sitting above 4bn but would it be impossible to see it go to 20 (5x) or 40 (10x) or 50 (12.5x) with the right reason behind it like and a tweet from someone important or confirmation of a connection with the Gates foundation or something, who knows.
Anyway, the bottom line is we have Buy limits down at $0.03, $0.05 (Green weekly Vectors) and $0.07, if it dares to go down there or if there is a bear run.
All we know is after the double up (100%) from $0.25 - $0.50 in Aug/Sept 2021 we are thirsty for more blood but the best price we have had so far is $0.21 and took partial profits at $0.31 (50%).
This is definitely one to keep an eye on and if we can get a better buy price then we are here for it
This is not financial advice and should be taken with a pinch of salt.
Cadila HealthcareCadila made inverse head n shoulder pattern on hourly charts.
Coubld b bought above 672 with mentioned sloss & tgt
SOYBN/USD and EUR/GBP on watch for me today.SOYBN/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/GBP:
• If price pushes up above our rayline, it does so impulsively a subsequent tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/JPY and NZD/USD on watch for me today.NZD/JPY:
• If price pushes up to and ideally just above our lower rayline and it does so correctively, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD:
• If price pushes up to and ideally just above our lower rayline and it does so correctively, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CHF/JPY on watch for me today.CHF/JPY:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
No Forecast (CHF/JPY Trade Update).The market looks like it needs a little time to develop on the lower time frames, at least in terms of opportunities which meet my plan. So this is just a quick trade update for you where the short trade that I placed on CHF/JPY on Tuesday is concerned.
Patience always pays folks and I'm in this game for the long haul, not with the intention of "getting rich quickly" like a large percentage of my fellow market participants are but with the intention of continuing to generate wealth for myself and my family steadily and when you let the market come to you as opposed to you chasing the market you'll feel empowered as I always do and this is going to increase your confidence in your trading ability as it has mine and it's this confidence and this mindset which is going to set you up for success as a trader.
Have a great weekend!
CHF/JPY on watch for me today.CHF/JPY:
• If price corrects beyond swap hours, then I'll be looking to get short with a risk entry within this tight one hour flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD and USD/CHF on watch for me today.GBP/USD:
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CHF:
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
No Forecast (WTICO/USD Trade Update).The market as it has for the whole of October is looking great frame a higher time frame perspective but very poor from a lower time frame one, at least in terms of opportunities which meet my plan. So this is just a quick trade update for you where the short trade that I placed yesterday on WTICO/USD is concerned.
Patience always pays folks and I'm in this game for the long haul, not with the intention of "getting risk quickly" like a large percentage of my fellow market participants are but with the intention of continuing to generate wealth for myself and my family steadily and when you let the market come to you as opposed to you chasing the market you'll feel empowered as I always do and this is going to increase your confidence in your trading ability as it has mine and it's this confidence and this mindset which is going to set you up for success as a trader.
Have a great weekend!
SUGAR/USD and AUD/USD on watch for me today.SUGAR/USD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If price only pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll once again be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it but I'll be hiding my stop loss above the upper ascending trend line of our most recent piece of structure for extra protection.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD:
• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CHF/JPY on watch for me today.CHF/JPY:
• If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.