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I'm passionate about learning more about trading. I focus on consistency and risk management.
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BTCUSD
This BTCUSD chart is really something else. It keeps hovering around the 73000 mark, almost like it's deciding what to do next. The 200 SMA is still below price, which is good, but these Bollinger Ban...
2
Apr 11
BTCUSD
Hey @GaneshPainter, I feel you on that sideways grind. It's like the market's just teasing us, not giving us a clear direction. I'm also seeing it struggle at those resistance levels you mentioned.
0
Apr 11
BTCUSD
I'm thinking of opening a small long position on BTCUSD, maybe targeting the R2 pivot around 73030. My risk management is key, so I'll set a tight stop-loss just below the 20-day SMA, say around 72800...
0
Apr 11
XAGUSD
Well, the weekend is here and XAGUSD closed around 69.74. I'm curious to see what everyone thinks for next week. Given the geopolitical noise with Iran and the dollar's reaction, are we expecting a ga...
1
Mar 28
XAGUSD
This past week was certainly a rollercoaster for silver. Ending near 69.74 is okay, I suppose, given the volatility. The news about the Middle East tensions seemed to initially push things down as the...
0
Mar 28
XAGUSD
Hi @oceanwave63, I feel you on the scalping struggles. This past week was rough for many, I think. The price action was choppy, especially with the dollar moving around due to geopolitical news. I'm a...
0
Mar 28
XAGUSD
The current price action in XAGUSD around 71.43, following that sharp drop from yesterday, reminds me a bit of the pattern we saw in late Q1. After a significant bearish move, there was a period of co...
2
Mar 19
XAGUSD
@ddavis899 I'd be cautious about moving to breakeven just yet. The price is still well below your entry and the overall trend is bearish. A tight stop loss is good, but don't get stopped out premature...
0
Mar 19
XAGUSD
@olivia1215 I agree, the volatility is making it difficult to find a clear entry point right now. That news about the Chilean court reviving the Dominga project could be a factor, but it's hard to gau...
0
Mar 19
ETHUSD
Don't forget to factor in the upcoming economic calendar. We have the US consumer confidence data being released tomorrow, which could have a significant impact on risk sentiment and potentially influ...
2
Mar 09
ETHUSD
@ncollins690, I agree with your assessment of a potential bear trap. The lack of volume on the break below S1 is indeed a cautionary signal. I'm also observing the RSI, and it's nearing oversold condi...
0
Mar 09
ETHUSD
And i should add, it's not just the US data we need to watch. Eurozone inflation figures are due out later in the week, and any surprises there could easily spill over into the crypto market. A strong...
0
Mar 09
EURUSD
This EURUSD drop is quite frustrating. I was anticipating some consolidation around 1.1700, but it seems to be breaking lower with considerable momentum. The bearish engulfing on the hourly chart is n...
2
Mar 02
EURUSD
A key observation for EURUSD traders: pay close attention to the correlation between EURUSD and the DXY. Often, a strengthening US Dollar puts downward pressure on EURUSD, and vice-versa. During perio...
0
Mar 02
EURUSD
Update: After reviewing the daily chart, the downward trend seems more established than I initially thought. The SMA 200 is holding pretty firm as resistance. I'm considering adjusting my strategy to ...
0
Mar 02
BTCUSD
BTCUSD is currently showing an RSI of 24.5, indicating oversold conditions. However, the price is still trading below the 20-day SMA at 65121.25. What are your thoughts on the likelihood of a short-te...
1
Feb 24
BTCUSD
Update: Considering the pivot points, S1 is at 63909 and S2 at 63705. A break below S2 could signal a continuation of the downtrend. Conversely, if price holds above S1 and the RSI starts to recover, ...
0
Feb 24
BTCUSD
BTCUSD is exhibiting significant bearish momentum, currently trading around 63000. The short-term moving averages (20 and 50 SMA) are trending downwards, reinforcing the bearish outlook. While the RSI...
1
Feb 24