GMT Loading up for a move!Here's a quick Look at GMT 2 hr chart . As we can see, the price has been forming a symmetrical triangle and a break to the upside could be around the corner. We need BTC to get stable before it is safe to trade.
The best entry would be, when the price breaks above symmetrical triangle with good amount of volume. Definitely one to keep an eye on.
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The idea is: Buy when the price breaks above the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
1. 3.44$
2. 3.59$
3. 3.83$
4. 4.31
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Bullrun
Is GMT loading up for a massive move? - Here's the entry level!Here's a quick Look at GMT 2 hr chart . As we can see, the price has been forming a symmetrical triangle and a break to the upside could be around the corner. We need BTC to get stable before it is safe to trade.
The best entry would be, when the price breaks above 3.45$ with good amount of volume . Definitely one to keep an eye on.
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The idea is: Buy when the price breaks above the 3.45$ and take profits at the levels shown in the chart.
Targets:
1. 3.55$
2. 3.78$
3. 4$
4. 4.3$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Will OGN continue its uptrend? - Here's the entry levelHere's a quick look at the OGN 2 hr chart. As we can see, the price broke out previously from the bull flag and is now trying push further to the upside. If you didnt catch the immediate breakout form the bull flag, Then the best entry would be when the price breaks above 0.66$ with good amount of volume. Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 14.4$ and take profits at the levels shown in the chart.
Targets:
1. 0.68$
2. 0.72$
3. 0.76$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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GET IN ZIL WHILE YOU CAN!!!I posted this about zil and demand zone has been reached.
Now it had bullish divergence on 1h timeframe and is slowly settling down.
I recommend waiting a little bit more for zil to get in demand zone because it barely touched .
You can enter with some precent and later if it drops enter with other amount you wanted.(for longer term investment)
Not financial advice,just my opinion!
MARKET STARTING BULLRUN!!!USDT Dominance is so bearish. Here are the reasons:
-It had 2 break of strucutres on 1d timeframe and now came back to that supply zone
-It had bos on 4h timeframe and is now at supply zone that caused it
Btc looks like USDT.D turned around, break of strucutre, in weekly demand zone.
Everyhintg is ready to explode!!!
My picks are SAND (which you have ta for) and GRT(there is also ta on profile)
THIS IS NOT FINANCIAL ADVICE,JUST SHARING MY OPINION!!!
APE cooling off - here's the entry level! Here's a quick look at the APE 30 min chart . As we can see, the price is cooling off in a falling wedge pattern after its massive move few days ago. A falling wedge pattern is a bullish pattern, hence we should keep an eye on this setup - especially at the breakout level. The best entry would be when the price breaks above 14.4$ with good amount of volume . Definitely one to keep an eye on!
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The idea is: Buy when the price breaks above 14.4$ and take profits at the levels shown in the chart.
Targets:
1. 14.75$
2. 15.5$
3. 16.5$
4. 17.3$
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
New entry idea for SAND! - Keep an eye on this setupHere's a quick Look at SAND daily chart . As we can see, the price has been forming a bigger descending triangle and the price is at the apex of the triangle! The price is very close to a bigger break to the upside. The best entry would be, when the price breaks above the descending triangle with good amount of volume . Definitely one to keep an eye on.
The market might shift soon, and big gains could be coming our way!
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The idea is: Buy when the price breaks above the descending triangle and take profits at the levels shown in the chart.
Targets:
1. 3.4$
2. 3.75$
3. 4.4$
4. 5.5$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
$BAC - Bank of America - Bullish Move$BAC - Long this stock - 3 indicators confirm the bull trend
1. The Hiekin Ashi candles have indicated a Bullish Move. The bear trend stopped with a large green candle on the Hiekin Ashi chart.
2. The candles have bounced off a common resistance area. Previous areas have shown resistance.
3. The RSI is indicating it has been oversold. Every time this stock has oversold there is a reversal.
4. The Q1 Earnings show great potential for this stock to grow.
Targets - Long the stock
Buy @ 39.57
Sell @ 43.79
Stop Loss @ 38
USDT DOMINANCE WILL DUMP SO FAST???USDT Dominance had break of strucutre to downside on bigger timeframes and came back to its supply zone so it can dump even harder.
It also has break of strcuture on lower timeframes beacuse it reacted from supply zone.
Now we wait for it to come to green area and long or buy altcoins or bitcoin as musch as you can . You can go or swing trades and make high gains.
I dont recommend using higher leverage than 5x in swing trades because you can make insane profit with smaller leverages.
I expect most cryptos to double or even triple in price so dont miss out on it .
PLEASE DONT BE GREEDY AND WAIT FOR IT TO COME THERE!!!
If this would happen btc would come to demand zone on lower timeframes and since it had break of strucutre on 1d it will make new highs(maybe even ATH)
THIS IS NOT FINANCIAL ADVICE,JUST MY OPINION!!!
Keep an eye on SAND!Here's a quick Look at SAND daily chart . As we can see, the price has been forming a bigger descending triangle and the price is at the apex of the triangle! The price is very close to a bigger break either way. The best entry would be, when the price breaks above the 3.05$ with good amount of volume . Definitely one to keep an eye on.
The market might shift soon, and big gains could be coming our way!
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The idea is: Buy when the price breaks above 3.05$ and take profits at the levels shown in the chart.
Targets:
1. 3.4$
2. 3.75$
3. 4.4$
4. 5.5$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!