Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 190 area, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 190 support and resistance zone. Trade safe, Joe.
I personally decided to execute some longs on EA. Price ended up respecting the support last where we had a clean bullish flip. This week EA is still bullish with price respecting a higher time frame HL making longs here still valid. Entry was on a 15 minute flip at the HL. Looking for a 1:3rr on this set up. If all goes well we can expect a new high to be made for this week.
USD/CAD has rallied on continued USD strength, but stalled on slight removal of willingness for USD longs. CAD easing cycle remains fast and inflows still lessened. Higher highs would not be extremely surprising. Cautionary longs to take at support drawn.
Bitcoin Dominance is going to play this wedge out, it looks like. Then we can see the real push to 100k++!!
NASDAQ:META to $700! Hope you bought the DIP We have already broken out of the ascending triangle pattern into all time highs. We have now came back to retest that breakout while also creating a new bull flag that is gearing up to breakout! Two things we need the breakout and the flip to GREEN on the H5 Indicator for an entry and ride 19% higher! Measure Move for both charting patterns is $706 with a timeframe of My birthday: 10Feb! NFA
https://youtu.be/1c3ZmbkxdmY TIME IS MORE IMPORTANT THAN PRICE: The Astrological Perspective Behind Gann’s Methodology When William Delbert Gann emphasized that TIME is more important than PRICE, he was tapping into something much deeper than conventional market analysis. While many traders focus on price movements alone, Gann understood that the market operates in astronomical cycles, where TIME governs much more than just price fluctuations. Astrology—particularly the positions and movements of celestial bodies—played a pivotal role in shaping his market predictions. In this lesson, I’ll explain how TIME, as influenced by astrology, is crucial to understanding market movements. These cycles, when understood properly, offer predictive power far beyond just analysing price levels. Astrological Influence on Time: 1. Planetary Cycles and Market Behavior: Gann didn’t just rely on conventional time intervals or geometric patterns. He utilized planetary alignments and aspects (the angular relationship between planets) to time his market entries and exits. Astrology is a tool that provides insights into the cycles of energy that influence all aspects of life, including financial markets. - Saturn’s Influence: Saturn governs structure, discipline, and long-term cycles. Gann recognized Saturn’s influence in the market's periodic retracements and consolidations. Understanding the Saturn cycle (approximately 29.5 years) can offer insight into long-term market trends and reversals. - Jupiter’s Influence: Jupiter represents expansion and growth. Its cycles (around 12 years) highlight moments of market optimism and bullish phases. A conjunction or favorable aspect of Jupiter can signal market rallies. - Mars and Venus: The positions and aspects of Mars (action, aggression) and Venus (value, attraction) provide insights into the market’s volatility and emotional impulses. These planetary movements help explain rapid market changes, both bullish and bearish. 2.Timing the Market with Planetary Transits: A planetary transit occurs when a planet moves over significant points in a chart, influencing market behavior. Gann was able to calculate how these planetary transits affected market cycles, and he applied this knowledge to forecast market turning points. - Mercury Retrograde: Gann was particularly attentive to Mercury retrograde periods, as these can disrupt market communication and create confusion. Traders often see slowdowns or reversals during these phases. Gann applied Mercury’s influence to identify market retracements and reversals. - Lunar Cycles: The Moon, with its 28-day cycle, affects emotions and market sentiment. Gann considered the lunar phases—new moons and full moons—as critical turning points in the market. The waxing and waning of the Moon corresponds to periods of growth and decline. 3. Astrological Timing in Market Cycles: One of the most powerful tools in Gann’s approach was understanding the relationship between planetary positions and market movements. By using astrological charts, Gann identified perfect alignments of planets that coincided with price action on the market. For example, a planetary conjunction could signal the start of a new market cycle, while a planetary opposition might indicate a peak or bottom. - Planetary Aspects: Key aspects between planets, such as conjunctions, squares, and oppositions, signal moments of market tension or harmony. These moments coincide with sharp price movements, either breakouts or reversals. - The 360-Degree Cycle: Gann's deep study of planetary harmonics showed that the 360-degree cycle used in astrology is mirrored in the market. He mapped out specific points in the market based on the planetary cycles and their corresponding aspects to price levels. Astrology in Practice: How Time and Celestial Events Shape Market Movements: 1. Astrological Alignment with Market Events: - I look for planetary alignments that occur near key market highs and lows. These alignments give me an exact timing window for potential market changes. For example, Mars square Pluto often brings about periods of intense volatility, which could signal a sharp price movement in either direction. 2. Using Lunar Phases for Predictive Power: - During new moons or full moons, I adjust my timing strategies. These phases, when aligned with market cycles, help me anticipate turning points. I make trade decisions based on these phases, particularly when a new moon or full moon coincides with significant planetary aspects. 3. Timing Market Entries Based on Planetary Cycles: - I don’t focus solely on price levels but rather on timing. For example, during a Jupiter-Saturn aspect, I may take a longer-term position as this phase suggests growth after a period of contraction. Conversely, when planets like Saturn or Pluto are forming harsh angles, I may expect a correction or a trend reversal. 4. Calculating Time Cycles Based on Astrology: - The math and geometry behind Gann’s teachings are intricately linked to the celestial bodies. Using astrological charts, I can pinpoint exact time frames when market changes are most likely to happen. The orbital periods of the planets are key to this predictive analysis. Conclusion: Integrating Time and Astrology for Precision in Trading: By understanding time cycles through an astrological lens, I’ve unlocked a deeper level of market prediction. The key takeaway is that the market doesn’t move randomly — it’s influenced by celestial cycles, and timing these cycles accurately can provide you with a predictive edge. Gann’s methods of combining advanced mathematics, sacred geometry, and astrology allow us to predict market highs, lows, and turning points with precision. Once you master the art of reading astrological cycles and apply them to your trading, you can move from being a reactive trader to a predictive one, capturing market movements before they happen. This is where the true power of TIME comes into play, as it becomes the ultimate tool for successful trading.
Looking to take profit on those clean lows. Altcoins looks very bearish
AlexGoldHunter BINANCE:XRPUSDT Technical Analysis and Strategy for XRP/USDT on a 1-Hour Timeframe Technical Analysis Price Action and Trend: Current Price: 2.7213 USDT The chart indicates a strong uptrend with higher highs and higher lows. There are Break of Structure (BOS) annotations indicating significant bullish movements. Volume Profile: Increasing volume on upward movements supports the bullish trend. Moving Averages: The price is above key moving averages (likely the 20, 50, and 200 EMAs), confirming a bullish trend. Fibonacci Retracement Levels: Key Fibonacci levels: 0.382: 2.6159 USDT 0.5: 2.5357 USDT 0.618: 2.4575 USDT 0.786: 2.3447 USDT The price is currently above the 0.382 level, indicating strong bullish momentum. Relative Strength Index (RSI): RSI is at 77.50, indicating overbought conditions. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, suggesting bullish momentum. Stochastic RSI: The Stochastic RSI is also in the overbought territory. Buy Strategy Entry Point: Consider entering a long position when the price retraces to key support levels, such as the 0.382 (2.6159 USDT) or 0.5 (2.5357 USDT) Fibonacci retracement levels. Confirmation: Look for a bullish candlestick pattern (e.g., bullish engulfing, hammer) at these levels. Ensure the RSI moves out of the overbought territory. The MACD histogram should start turning positive. Stop Loss: Place a stop loss below the recent swing low or below the 0.618 Fibonacci level (2.4575 USDT). Take Profit: Set a take profit target at the next resistance level or use a trailing stop to lock in profits as the price moves higher. Sell Strategy Entry Point: Consider entering a short position if the price shows signs of reversal at key resistance levels, such as the recent high or the 0.786 Fibonacci level (2.3447 USDT). Confirmation: Look for a bearish candlestick pattern (e.g., bearish engulfing, shooting star) at these levels. Ensure the RSI moves out of the overbought territory. The MACD histogram should start turning negative. Stop Loss: Place a stop loss above the recent swing high or above the 0.786 Fibonacci level. Take Profit: Set a take profit target at the next support level or use a trailing stop to lock in profits as the price moves lower. Summary of Signals Buy Signal: Entry: Around 0.382 (2.6159 USDT) or 0.5 (2.5357 USDT) Fibonacci levels Take Profit (TP): Next resistance level Stop Loss (SL): Below 0.618 Fibonacci level (2.4575 USDT) Sell Signal: Entry: Near recent high or 0.786 Fibonacci level (2.3447 USDT) Take Profit (TP): Next support level Stop Loss (SL): Above 0.786 Fibonacci level This analysis provides a structured approach to trading XRP/USDT, considering key technical indicators and price levels. If you have any questions or need additional insights, feel free to ask! ?
Intraday Update: Double top completion. We are trading at the 50% retracement, and don't be surprised if there is some consolidation near the 87.70's now as the intraday RSI's have reached oversold.
Mentioned earlier today that we were looking for sells and that we wanted liquidity to be grabbed for us to continue bearish. We had that and our entry was in a great position. 1:2R Secured