If we are actually seeing an XABCDE bearish correction form on BTCUSDT chart then we might just be heading much lower. $34k, $30k....... #Bitcoin#Bitcoin2022#trading#BTC
“In trading, the more moves you make the less likely it is you will be profitable. Have a plan, fire your shot and let it play out without all the micro-managing.”
Technical analysis is saying the Top 500 #stocks might enter a bear market by the end of the month….early warning sign with this reversal pattern on the monthly
Is the Gold rally about to kick off again?…..breakout spotted on the 4H. Close back below flipped resistance zone will invalidate this thesis. Fundamentals look to support gold buying too 👌🏾
There is a high likelihood of the dxy seeing bears step in at around the 99.500 level and send price lower. The dxy has been sluggish to see any bullish momentum after the sweep of the previous low which would have formed a spring formation. Fed meeting today will shed more…
The four parts of profitable trading:
1. Waiting patiently for your setup.
2. Calmly entering your trade set up.
3. Exiting with discipline at your stop loss, trailing stop, or profit target.
4. Repeat the process.
Looks like my short term bullish bias on the #DXY is about to be destroyed with the current price trading below the higher low which could signal further dollar decline…..or will this end up as a spring/false break??
Are we going to see #GBPUSD rollover and trend lower from this point?
Spotting several confluences;
- tagged daily 50MA
- tested previous support on daily TF
- pullback to 50% fib retracement lvl
- small body doji candles
- potential liquidity at 1.30000