i hate it when things are too obvious but we stick
How I wrestle with trading and how I try to balance my emotion
What I was thinking, how I felt, why I held and what my future plans are
EURUSD has retested the trendline resistance. It also partially broke above an old high. Because it pulled back into the old range, I'd like to regard to it as a fake break.
It is. Clear that there was a downtrending channel created by Cable; just like fibre but with a smaller length. The channel has just been broken and a smaller channel was created which to me is looking unreliable. It has a very tiny range and is moving against the general order flow. Unless GBPUSD breaks the bolder trendline, I will still be looking for shorting...
War here and there, inflation here and there, USD this, USD that. I think the bear market is not over. So long as the Stock market keeps respecting Risk off, so long as 10-year yield keeps rising, BTC will keep going down. Anything can happen though but this is what I expect.
This is a broader view of the previous idea I just shared. Check my profile to see it
I am glad the NFP is over and the whole drama has died down. Now is time to follow of ce action with clear head. The trend is bearish and I don't expect it to change yet. I will wait for EURUSD to give a 3rd touch on the solid bearish channel that had been created by it's down trend movement. I also expect a fake break above the 1.06150 level to create a...
This week is one with a lot of economic events; and a lot of volatility is expected in the market place. US yield has been creating a higher high and is currently sitting on top of a resistance-turned-support level. I expect it to dip through the trendline support and reject swiftly from the horizontal support in order to create a strong bullish signal.
Russia cut on oil supply, the current seasonal tendency, the market trend is indeed a sign that Oil will remain bullish
This beautiful price action is something I would have capitalized on BTC. I managed to make an entry but the pressure from people on Twitter and other communities made me close on time. I wish I will never do that again.
I changed my mind. I want to sell the overbought pay. Yen might strengthen
It is a trend I see. If it will change, I am not sure. Trade wisely
Price failed after a short squeeze in the m5 timeframe. We may see the price of Bitcoin decline further
The yesterday's short trade failed giving room for higher price retracement into a higher timeframe fair value gap and resistance level. I have watched price create a clean swing at that level which is an indication that it is willing to go down. If price moves as expected, I want to see BTC go down to 17k or maybe 15k. Just as this is not meant to be a financial...
It hurts I was wrong. I accept it. BTC however is in a discount price so, It is okay if it doesn't trend as expected. However, there is still something interesting about Shorting that is posed on the price chart. I am still bearish
It is hard to be on a clean trend without hunting people those who are friends with the trend. BTC has been able to sweep a clean high while on a bearish trend and yet collapsed to show its bearish tone. However, it left some price range open which I feel it might go to fill up. If price retraces to our entry level, We will be looking at 17k for as target objective
just as expected. price stalled a little bit above entry and almost scared me out but... What do you expect. The daily low objective is almost achieved. Do I still expect BTC to continue downwards? Obviously.