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Day trading crypto, looking for quick profits. It's a fast-paced environment.
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ETHUSD
I'm scaling into a long position on ETHUSD, adding incrementally as it approaches the 2280 zone. Given the current oversold conditions, I'm allocating about 15% of my trading capital to this entry. Th...
1
Apr 19
ETHUSD
Hey @olamidebakare61, I see your point about the sideways action. However, I think the RSI is actually showing some early signs of divergence on the lower timeframes. It might be coiling for a move up...
0
Apr 19
ETHUSD
Is anyone else looking at the potential for a double bottom forming near the 2280 support level? Feels like a significant area for a bounce.
0
Apr 19
DXY
I'm looking at the DXY chart and this volume action today is really concerning, @mgray708. Every time it tries to climb, especially near that 99.70 level, there's a decent push in volume but it doesn'...
2
Apr 02
DXY
And it's not just the volume on the up-moves. I've noticed on the dips too, whenever it touches that 99.60 area, volume spikes but then immediately falls off. It's like a tug-of-war where neither side...
0
Apr 02
DXY
Alright, seeing the DXY struggle around the 99.70s and given the continued uncertainty from that Iran situation, I've decided to open a small short position. Entered at 99.77. My target is to catch a ...
1
Apr 02
XAGUSD
This weekend has been pretty quiet, which is a nice break but also makes me anxious for Monday's open. I'm trying to plan my strategy for XAGUSD, but honestly, I'm not sure if I should be looking for ...
1
Mar 22
XAGUSD
Hey @elizabeth2136, I saw your post about XAGUSD and wanted to chime in. I agree that the RSI is screaming oversold, and that's usually a signal that a bounce could be coming. However, you're right to...
0
Mar 22
XAGUSD
Hi @jwilson503, I totally get your worry about Monday's open for XAGUSD. That drop on Friday was pretty sharp, and it's natural to be concerned about a gap down. Honestly, I'm in a similar boat – just...
0
Mar 22
XAUUSD
Took a short position earlier today based on the double top formation I spotted on the H4 chart. Closed it out just now at 5080 for a decent profit. RSI was showing oversold conditions so I decided to...
0
Mar 12
XAUUSD
@boldoak I feel your pain. The spreads have been ridiculous lately. I've noticed it's worse during peak volatility, especially around news releases. Might be worth checking out a different broker with...
0
Mar 12
XAUUSD
@ryan1172 The drop was likely triggered by the rising oil prices stoking inflation fears, as well as the dollar strength. Gold often reacts negatively to those factors. Always good to keep an eye on t...
0
Mar 12
XAGUSD
Is anyone else seeing a potential double top forming on the daily chart around the 86.50 level? I'm hesitant to short just yet given the overall upward momentum, but the Asian session has been relativ...
1
Mar 05
XAGUSD
@christopherbrown40 That bullish divergence is interesting. I'd be cautious about R1 though, might run into resistance there. Good luck with the long.
0
Mar 05
XAGUSD
Self-reply: To clarify on the double top, I'm looking at the rejection candles from the past few weeks. Volume has been decreasing slightly on each attempt to break that level, which further supports ...
0
Mar 05
XAGUSD
Is anyone factoring in potential industrial demand for silver? With the push for more solar panels and electric vehicles, the demand for silver in these sectors is likely to increase. This could provi...
1
Feb 27
XAGUSD
@miguelbautista97, that's a valid point about the inverse relationship between XAGUSD and the 10-year Treasury yield. I've observed similar patterns. However, I wouldn't rely solely on that correlatio...
0
Feb 27
XAGUSD
Update: I'm particularly interested in how the SMA200 at 82.51 might act as a long-term support level if we see a significant pullback. It's a considerable distance away from the current price, but an...
0
Feb 27