VIDEO: The EURUSD made a break and failed. The USDJPY got closer to key support.Key levels in play.

2022-08-05

Etheruem technical analysis follow up to https://www.forexlive.com/technical-analysis/profitable-ethereum-short-position-ethusd-technical-analysis-snapshot-20220802/

And previously to the trade idea provided in the 1st technical analysis for ETHUSD on https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-20220731/

2022-07-31

Some say the most significant component of technical analysis is price movement.

ETHUSD hasn’t closed a daily candle around $1700 in 3 days. This indicates a lack of bullish momentum to drive Ethereum to a new price level.

Technically, ETH is a bear flag. Bear flags continue downtrends. Bear flags have a strong downward move followed by an upward consolidation channel. ETHUSD looks to be in a channel, even without a bear channel, after touching its upper band. Previously lucrative Longs may take partial or full profit, and fresh bears may begin short positions.

The Ethereum technical analysis video illustrates the 14-day RSI and simple moving average, and we search for an approaching crossing. RSI shows market strength and weakness. Many traders use it to spot price momentum changes

2022-07-26

In bitcoin, the most active digital currency, traders ask me if they follow technical tools like the ones I use in analyzing currencies, stocks, bonds, and commodities.

The answer is …..YES.

Traders like to define and limit risk and certain technical tools do just that no matter the instrument.

IN this video, I look at the price action of bitcoin on the daily and hourly chart and show how traders can and did, use technicals that led to some big dollar moves in the digital currency

2022-07-20

The dollar is modestly higher in trading today. What are the levels in play and why.

2022-07-17

This Gold futures technical analysis and trade idea becomes applicable only if the 1700 round price is lost (crossed down) for gold.

1st buy at 1684.2
2nd buy at 1673.6
3rd buy at 1660.6

Average entry price, if all 3 orders are filled: 1672.80

The idea presents 2 parts, with the 2nd being a huge upside potential as explained.

2022-07-08

Bulls are happy with the Bitcoin rally on July 7th, as the stock market rallied as well. However, this is a place at the top of a possible range to consider taking partial profits, and late newcomers to the bull case should think carefully if they want to start a new long position at such a stage.

See more on https://www.forexlive.com/Cryptocurrency/bitcoin-technical-analysis-6-july-bearish-20220706/

2022-07-05

For today (05 July, 2022), this technical analysis applies ONLY IF AND WHEN Dow Jones crosses up 30650 after the market open. It can also apply for swing traders that would like to consider a Long, but only if and after Dow Jones futures (YM) closes a 4 hour candle above 30650
Credit Suisse slashed its end of year target for the S&P, which expedited selling today
We wait for Dow Jones to cross up 30650, and it it will do so, we then offer to consider a contrarian bet that offers a low probability to win, but compensates with a high reward vs risk ratio, as presented in the technical analysis video below
Entry price for the Dow Jones Futures: 30650
Stop Loss: 1% below the entry price
Two take profit targets, averaging a reward vs risk ratio of almost 5.5 to 1, where the risk is 1%. This

2022-06-27

Bullish reversal still seems in tact for Russell 2000 futures according to this tecnical analysis showing volume profile and the current bull flag presented.