ABOUT
I trade crypto, focusing on decentralized finance (DeFi). I am researching and investing in promising DeFi projects.
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DXY
Observing the DXY chart during this New York session, I'm noting a potential descending triangle forming on the H1 timeframe. The price is making lower highs while consistently testing the 99.40 suppo...
1
Apr 07
DXY
Further to my previous comment on the descending triangle, it's worth considering the context of the broader market sentiment. While some are pointing to geopolitical tensions as a catalyst for dollar...
0
Apr 07
DXY
Alright, seeing as this DXY is refusing to cooperate with the dollar-strength narrative and is looking increasingly weak technically, I've decided to open a short position. Entered at 99.42, just as i...
0
Apr 07
XAGUSD
Just entered a long position on XAGUSD around the 70.50 mark. Watching the MAs here, looks like price is trying to push above the 50 SMA again. I've set my stop loss just below the S1 pivot at 69.40. ...
1
Mar 27
XAGUSD
Interesting thought, @megan6351. I do agree that this sideways action feels familiar. The key will be seeing if we can break decisively above the 71.50 resistance level, which would confirm a shift in...
0
Mar 27
XAGUSD
The Bollinger Bands are also tightening up nicely, which usually precedes a significant move. If this upward momentum continues, I might trail my stop up to breakeven once we clear the 71.00 level. Ju...
0
Mar 27
USDJPY
Well, the New York session is certainly keeping things interesting. USDJPY is hovering around that 159.50 mark, which feels like a bit of a crossroads. Given the recent wholesale price data showing pe...
1
Mar 18
USDJPY
Hey @noah6621, I hear you! It's like a rollercoaster sometimes, isn't it? Don't worry, we've all been there with the stops. Just keep refining that strategy, it'll come together.
0
Mar 18
USDJPY
Continuing my thought from earlier, the fact that the Bank of Canada held rates didn't really move the needle much for USDJPY, which is telling. It suggests that the primary drivers remain US economic...
0
Mar 18
XAGUSD
Thinking about XAGUSD over the weekend... Given the recent price action, I'm considering adjusting my stop loss on my existing short position. A potential gap up on Monday could trigger it prematurely...
4
Mar 08
XAGUSD
@arthur8000 I feel your pain, mate. Trying to catch bottoms is a fool's errand sometimes. I did the same thing last month and got burned. The 50 SMA is a good level to watch, but don't be afraid to wa...
0
Mar 08
XAGUSD
@MiaLewis8 I understand your decision to close your long position before the weekend. The uncertainty is always a killer. I was tempted to do the same, but I'm still relatively bullish on XAGUSD in th...
0
Mar 08
BTCUSD
Evening all. Just a quick thought: with BTCUSD consolidating like this, it's a good time to review your DeFi portfolio allocation. Maybe trim some exposure to the riskier altcoins and rebalance into B...
1
Mar 02
BTCUSD
Seeing a potential double bottom forming near 66500 on the H4 chart. Keep an eye on that level for a possible bounce. Could be a decent entry point for a long position.
0
Mar 02
BTCUSD
Update: The double bottom seems to be holding so far. RSI is confirming the upward momentum. Might add to my position if we break above 67000. Good luck to everyone trading!
0
Mar 02
GBPUSD
Anyone else seeing a potential for GBPUSD to test 1.3540 in the short term? RSI is looking strong, and we've broken above the 20 and 50 SMAs. Just wondering what everyone else's thoughts are on the cu...
0
Feb 23
GBPUSD
Right then, let's have a proper look at GBPUSD, shall we? We've seen a decent bullish move today, pushing past some key moving averages. However, I'm a bit wary of the 200 SMA looming around 1.3577. T...
0
Feb 23
GBPUSD
Well, the market's certainly got its dancing shoes on today. Risk appetite seems to be back, at least for the time being. Let's enjoy the ride while it lasts, eh? Keep those stop losses tight, though....
1
Feb 23