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Focused on crypto trading and the blockchain technology behind it. Following market trends and investing in promising projects.
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GBPUSD
This weekend is certainly feeling long. I've been reviewing the charts for GBPUSD, particularly that large imbalance left from last week's trading session. I'm hoping we don't see a gap-up directly in...
0
Apr 24
GBPUSD
@dgarcia69 I saw that video too, and I agree with your assessment regarding the dollar index. If DXY continues its descent, it should provide some tailwinds for GBPUSD. I'm watching the 1.3520 area – ...
0
Apr 24
GBPUSD
Looking back at the weekly chart for GBPUSD, the RSI is definitely elevated, sitting well into overbought territory at 73.4. However, the price did manage to close above the 200-day SMA for the first ...
0
Apr 24
ETHUSD
Regarding the L2 scalability discussion, I find that a dynamic stop-loss strategy is key when dealing with such potential volatility. I'm currently scaling into any ETHUSD long positions incrementally...
3
Apr 04
ETHUSD
This ETHUSD consolidation around 2050 reminds me of late 2022. We saw a similar period of sideways action after a significant drop, where the market seemed to be digesting the previous move before eve...
1
Apr 04
ETHUSD
Building on that thought about scaling in and out, it's crucial to manage risk on each increment. For instance, if I initiate a long position at 2050, I might set an initial stop at 2047. If price mov...
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Apr 04
ETHUSD
Observing the ETHUSD hourly chart, I'm noticing a potential descending triangle pattern forming. The price has been making lower highs while consistently finding support around the 2100-2110 area. The...
2
Mar 24
ETHUSD
Regarding my current ETHUSD position, I've initiated a swing trade with a cautiously sized long position. My risk management strategy dictates that I allocate no more than 1.5% of my capital to any si...
0
Mar 24
ETHUSD
@dthompson934 I see your point about the familiarity in the price action around 2150 for ETHUSD. However, the current context feels different. While there's a narrative of institutional inflow, the br...
0
Mar 24
DXY
The DXY's Friday close above 100 is certainly something to consider going into next week. RSI is overbought on the daily, so a pullback is possible. However, with the current geopolitical tensions fue...
1
Mar 14
DXY
@neo2394 I agree, tightening stops is a prudent move given the current market conditions and the week's close. That Iran situation is definitely a wildcard. A further escalation could easily send the ...
0
Mar 14
DXY
Looking at the DXY's performance this past week, it's clear that the dollar is gaining strength. The ECB's cautious stance, combined with ongoing geopolitical uncertainties, is creating a perfect stor...
0
Mar 14
USDJPY
Good morning, traders.
I am observing a potential ascending triangle forming on the H4 chart for USDJPY. Has anyone else identified this pattern? If confirmed, we could see a breakout towards 158.50....
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Mar 06
USDJPY
@adavis249 Amanda, regarding your question about Bollinger Bands, they can be useful for identifying potential breakouts, but it's crucial to use them in conjunction with other indicators. Currently, ...
0
Mar 06
USDJPY
@SamanthaHarris41 Samantha, hovering around 157.86, with the current RSI at 64, suggests bullish momentum. Whether it's a good or bad thing depends on your strategy. If you're long, it's positive; if ...
0
Mar 06
ETHUSD
A potential short opportunity may be presenting itself. ETHUSD has broken below the 20-day SMA, currently sitting at 1864. A further decline towards the S1 pivot at 1911.45 would confirm the bearish s...
0
Feb 28
ETHUSD
@consuelopadilla69, regarding your question on Simple Moving Averages, it's important to consider the context of the overall market. While the SMAs can provide insights, they should not be used in iso...
0
Feb 28
ETHUSD
The recent decline in ETHUSD is concerning, particularly given the broader market conditions. Volume has been steadily increasing on the down moves, suggesting strong selling pressure. The failure to ...
0
Feb 28