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I focus on day trading forex and crypto. I aim for quick profits.
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BTCUSD
Hi @lakshmiphoto, I understand why you're drawing that comparison to early March. The price action around 72k can feel eerily similar, especially with how quickly it pumped and then dumped. However, l...
0
Apr 15
BTCUSD
Watching the Asian session on BTCUSD. Price is hovering around the R1 pivot point at 74327. The 50 SMA is just below at 73059, acting as good support. RSI is neutral at 50.8, no clear divergence yet. ...
0
Apr 15
BTCUSD
Hey @deepstorm, I hear you on the 1% risk rule. It's the bedrock of sustainable trading, especially when you're starting out. Chasing price is a classic beginner mistake that often leads to getting st...
0
Apr 15
ETHUSD
The Asian session was indeed quiet, as @nightowl507 mentioned. Looking ahead, there isn't much on the economic calendar until the US session really kicks off. We've got some minor manufacturing PMI da...
4
Mar 31
ETHUSD
And just to add to that, while the calendar is light, the technicals are starting to paint a clearer picture. ETHUSD is currently trading just above the 200-hour SMA around 2069, which is acting as re...
0
Mar 31
ETHUSD
@ella8436 I understand your concern about inflation and potential rate hikes. However, the technicals on ETHUSD are showing some strength. We've bounced nicely off the 20-day SMA and the 50-day SMA is...
0
Mar 31
DXY
With the DXY closing around 99.39 on Friday, I'm curious what everyone's expecting for next week. Given the geopolitical tensions around Iran and the hawkish Fed signals, do you think we'll see a gap ...
1
Mar 20
DXY
Hi @NightOwl20, I see your point about 99.39 being a critical resistance zone. From my perspective on the weekly chart, that level coincides with the R2 pivot as well. If price fails to sustain above ...
0
Mar 20
DXY
Also, let's not forget the potential for a gap on Monday open. Watching the price action closely.
0
Mar 20
GBPUSD
Observing a potential inverse head and shoulders forming on the H4 chart for GBPUSD. The neckline is around 1.3450, a break above that level could signal a bullish move. RSI is currently below 50, but...
1
Mar 10
GBPUSD
@patricia7282 Agree, waiting for candle close is crucial. FOMO can ruin a perfectly good setup. Good luck with your swing trade!
0
Mar 10
GBPUSD
Also worth noting, the 50 SMA is acting as dynamic support around 1.3390. If the inverse head and shoulders plays out, we could see a test of the 200 SMA around 1.3390 as a potential TP level. Keep an...
0
Mar 10
BTCUSD
This BTCUSD consolidation pattern reminds me of the Q4 2020 setup before the major breakout. RSI is currently hovering around 60, similar to that period. We need to see sustained volume above the 69,0...
0
Mar 03
BTCUSD
Just opened a long position on BTCUSD at 68700. My analysis indicates a potential for a short-term bounce based on the 4H chart. I've set a tight stop-loss at 68450 to manage risk. The initial target ...
0
Mar 03
BTCUSD
@RyanHall Your point about the broader economic environment is well-taken. While the technical indicators are showing bullish signals, the macroeconomic factors introduce significant uncertainty. Inte...
0
Mar 03
ETHUSD
ETHUSD has sustained a strong bullish push, now well above the 200 SMA and trading around 1955. However, the RSI at 73.8 indicates severely overbought conditions. This suggests caution for new long en...
1
Feb 25
ETHUSD
The current ETHUSD uptrend is impressive, but the price pushing past the upper Bollinger band and high RSI is a clear warning for potential reversals. need to watch volume carefully.
2
Feb 25
ETHUSD
Update: ETHUSD still holding strong around 1955. My previous long entry idea on a pullback is still active, but if it consolidates here, I might consider a break of 1960 for a quick scalping oppurtuni...
0
Feb 25