Home / Cryptocurrency Daily Price Analysis / “What is trending? Oh you know…, simply EVERYTHING.” by trader MrRenev — published August 10, 2018 — TradingView

“What is trending? Oh you know…, simply EVERYTHING.” by trader MrRenev — published August 10, 2018 — TradingView

Praised be Guglamesh, nice lord of buying and selling, devourer of FOMOers. Whaaat’s trending? Eeeeeverything.
The sacrifices should have labored. The us dollar             zero.68% dealer out of its sideways of boredome (which let me reiter began just about the very day I began my 2 months buying and selling problem, and lasted? You guessed it, 2 months!).
The closing week of July my watchlist had three tickers in it… three. Last week which used to be much less dull had 6. Now it has 15.

The US dollar             has now not had a sideways because the first part of 2014, and in 2018 it already spent part the 12 months in sideways/uncertainty.

I am hoping this doesn’t change into a dependancy… Ok no less than those previous 2 months I realized alot, and if it occurs once more I can make some benefit,

possibly now not my best possible winrate, however I will have to be capable of in finding a couple of excellent trades.

And this is what came about in 2014 with EURUSD             after DXY             broke:

EURUSD             broke out of its 2 months sideways that began the day I began my 2 months buying and selling problem (you CANNOT make that up…)

AUDUSD             identical tale, however I might wait a few days.

There will have to be such a lot transferring subsequent week I don’t wish to take each industry, in contrast to the terrible previous 2 months.

GBPUSD             , identical. Short it if conceivable.

NZDUSD             lovely correlated to EUR and GBP therefore, bearish too:

About the opposite majors…
USDJPY             and USDCHF             now not truly trending but. The “secure” currencies Yen Swiss franc             to sturdy lol. USDCAD             now not showed but, now not as juicy a chance.

The Yuan? That bearish divergence does now not subject lol. I might now not wager towards the US dollar             now.

Most, or all the unique USD pairs I watch are kinda sideways, with a pump previous 2 day by day candles. Since the fashion is now not showed and I don’t need to get beaten with trades, I’m ignoring them…

Special point out for the Turkish Lira….

Up 20% in one day… Good factor I had a decent prevent and small sizing… Gosh this may have long past so mistaken. ALWAYS set a prevent loss simply in case.

— Minors —

Most of the Euro             crosses are happening sown.

EURJPY             sell off, however I will be able to look ahead to MA20 and MA50 to pass (the sunshine blue and thick purple traces)

I will be able to watch EURCHF             that I were given stopped on shorting it too quickly :}

Just give me a pleasing retrace subsequent week…

EURCAD             , going lengthy if it will get extra bullish divergence

GBPJPY             mega bearish .

GBPCAD             , neatly I had a put up about that one.

GOLD            

Waiting for it to opposite. Shall I am getting fortunate and it drops, with extra RSI divergence, insta going lengthy asking questions later.

Silver             in sideways now, however I be expecting continuation anytime (possibly that is what they mentioned 2 years in the past ahead of it spent 2 years sideways).
Copper             is in the similar boat, however I’m really not staring at it.

Oil             went bearish , then it spiked up as USD had its bull spoil… I will be able to watch it, however won’t industry.

Crypto… Ok crypto used to be now not meant to simply drop like this. We simply flew underneath all MA’S and not using a leap, MA20 is nonetheless approach above MA50…

I’m really not satisfied we simply move down now.

There is a bit of little bit of bullish divergence , so there is hope for a bit of leap. Please.

I truly simply hope crypto would have 1 closing little leap to let me brief it ahead of falling.

Special point out: Soybean             . Only 1 remark “HAHA!”

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