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ETH Prospective LONG Trade (Mid/Short Term)The volume on ETHUSD paid is good. Has bounced from the uptrend line from the bottom. Basing this trade on this uptrend line. XBT could make a move up here which should ETH Long. SL for Mid Term Trade Setup -> 110.20 at 3-5x Leverage with an extra stagger around 111(optional) SL for Short Term Trade Setup -> 119.20 and 5-7x leverage Pink lines are the mid term targets Blue lines are short term targets I'm going for a mid term setup.
COINBASE:ETHUSDLong
by vjsharma89
1
BCH Continuation of UptrendThings to note -> Forming a bull flag on the daily timeframe which is a uptrend continuation pattern. -> Has retraced more than 50% already. I would like to see it retrace to 61.8% before continuing with the uptrend. -> Forming a falling wedge on smaller timeframes. -> Has tested HTL on daily timeframe once -> Decent volume -> RRR is pretty good considering the next target is a bit far How am I trading this? Keeping Low Leverage as this is a long term trade for me. I'm spacing out my entries with last one being at 350 followed by a tight SL of course. What are my indicators saying? FOMO 4hr and Daily are sell signals which indicates that we could be heading down temporarily. To play it safer by risking not having a LONG position if it runs here, you could enter around 390 or lower Targets 465 530 590 648
Long
by vjsharma89
1
BTC - Beautiful SHORT. Time for Bulls to step in Previous Trades? Christmas didn't allow me to ride that SHORT properly. Made multiple small SHORTs as I was unable to look at the charts all the time. This is what I mentioned in my previous Idea. Opening a small SHORT position right now at low leverage and keeping more entries at 4150, 4280, 4420. I'll be taking profit around 3870, 3730, 3670, 3550, 3470, 3370 What's happening? The reason I say it's time for Bulls to step in is that if bulls don't step in right now, we'll break this big support area and head towards new lows. I'm betting on Bulls this time after that beautiful SHORT from 4200. You should have closed a majority of your SHORT here. I would suggest letting a portion of it run. Almost everyone I know in crypto space is seeing this massive Inverse HnS. All of my students in my private group are seeing this IHnS. Trading it should be a good idea right? Since, so many people are looking at it. Maybe not such a great idea. If this iHnS is in play, once the neckline breaks (4150 zone), there is little to no resistance between 4400 and 5000. Hence, a LONG position could prove to be extremely profitable. More profitable than a SHORT here to 2900-3000. This makes me think, if I was a Giant Whale and I wanted to dump my BTCs, wouldn't this be a perfect opportunity for me to empty my bags? Considering the orderbook would be filled with buy orders. Well, that's the negative me. A break below 3430 will invalidate the iHnS dreams for me and that is when I'll look for a SHORT entry. Not before that. The positive side of me thinks, even Bears would want it to go up from here, so that they can get a higher entry. Profit from 3600-2900 is obviously too small as compared to profits bears can make from a 4.4k or 5k Short. You can see an uptrend line. This line has been respected for now, but I think, it won't be for long. In a couple of hours, it'll out of the trend and invite break out traders, retail traders like myself to SHORT it to Low 3500s or High 3400s. Fibs Theory A drop to 3540 will confirm a 61.8% retracement of the uptrend. Trend based fib extension using previous high of 4420, this years low 3122 and current high of 4243, tells us that 61.85 retracement would be 3436. This tells me that if iHnS is playing out, 3540 to 3436 should be the area of reversal. My sentiments Short Term - Bearish Mid Term - Bullish Long Term - Bearish How am I going to trade this? I've very little contracts left in my SHORT. Will close them as we proceed closer to 3540. Got LONG orders in a separate bitmex account at 3550, 3496,3436 If we don't drop here, which is highly unlikely, I'll close my SHORT and wait for a retracement to get in a LONG position later. Will set a sell stop around 3420 to enter a SHORT position if it keeps dumping, invalidating the iHnS. What are my indicators saying? FOMO 4hr has been a sell signal since 4100. Daily is a sell signal which appeared yesterday. Holy TrendLine (HTL) Daily HTL is at 3744 4hrly HTL is at 3799 HTLs are red on each timeframe. Suggesting a bit more of a dump. FOMO Momentum Suggesting a Bullish Divergence on 4hr Timeframe (marked with pink lines). Gigantic Bullish divergence building on Hourly (marked with pink lines).
BITMEX:BTCUSD.PLong
by vjsharma89
9
BTC - Back to 3200 or form new high above 4000? Part 2Previous/active trades? After a powerful rejection from 3900, BTC consolidated at 3700 level for a level where I took profits on my SHORT from 3900. Was a nice 6% drop. We bounced from fibs I shared in an update on my previous idea. Then out of no-where we saw a high volume pump to 4116. I got stopped in Profit on that pump. Must admit I didn't see that pump coming. What's happening? BTC has double topped at 4170 on hourly timeframe. This could be the lower high (under 4420) mention in my previous trading idea. But BTC might make another move and if this move falls short again, we'll have to call 4170 the new top until we retrace to one of the following levels - 3860-3730 3550-3450 3370 In worst case, the retracement could end at 3370 support. If 3370 breaks, bears will be out looking for a lower low (2900-3000). Another interesting thing to note is LONG wicks in both directions signaling indecision. Usually at times like these, we see BTC's infamous BART moves. LONGing here wouldn't be the best course of action in my opinion since a double top and possible new lower high has been formed. Long wicks to the top is depicting high sell pressure. Fibs Theory According to trend based fib extension from previous low (3431) to previous high (4422) and current bottom (3121), 100% fib is at 4108. BTC has wicked that level. If 4170 is the lower high we were anticipating, trend based fibs for upcoming downtrend tells us that the 61.8% retracement would be around 3370. Ideal movement here on would be to retrace 61.8% and seek higher high after depicted with high opacity blue arrows. But 3730 is not a strong support which leads to 3550 being the next possible reversal level. My sentiment Short Term - Bearish Mid Term - Bearish Long Term - Bearish What are my indicators saying? Daily HTL is still at 3740. 4hrly HTL is at 3670 Hourly HTL is at 3872. It has provided support to this uptrend since the beginning. Would be interesting if we break it at 3870 and continue towards 3730. FOMO 4hrly is green. Had turned temporarily turned red after a reversal from 3900 the other day. FOMO 1hrly is red. FOMO Momentum Scalper on 4hrly is showing bearish divergence but it's not very significant (shown with red lines) How am I trading this? I'm in no trade right now. Opening a small SHORT position right now at low leverage and keeping more entries at 4150, 4280, 4420. I'll be taking profit around 3870, 3730, 3670, 3550, 3470, 3370
BITMEX:BTCUSD.PShort
by vjsharma89
4
BTC - Back to 3200 or form new high above 4000?Previous/active trades? We saw a nice move up today, finally breaking the 3540 resistance after 24 hours of struggle. In the process we did downward fake out invalidating the bull flag and ultimately hitting my SHORT SL. Found myself an entry at 3615 after a breakout from the downtrend resistance market in red towards 3800. Currently sitting under another major horizontal resistance 3876. Peaked to 3777. What's happening? I can see two trade opportunities here. 1. Reversal from 3800-3900 resistance. Considering the buy momentum at the moment, I think we'll easily get there and won't reverse until we touch the resistance properly. Marked with high opacity Blue Arrow 2. Break 3800-3900 resistance and form a new lower high between 4000 and 4400. Probably double top and reverse. We have a decent buy volume on the daily timeframe and if doesn't die soon, that should help BTC get to 4000-4300. Marked with low opacity Blue Arrows Market Structure Remember this bear market is here to stay for another 8-9 months at least And things can't just stay pumping left right and center in a bear market Major resistances here onward are 3800-3900 -> 4100-4300 -> 4800-5200 And breaking 38-3900, will confirm that 3200 is the new temporary bottom. Now, breaking 4300 will form a higher high and should take us to next resistance level of 4800-5200. This will form a new market structure of 3200 and 5200, until we break it in either direction. Breaking 5200 would end this market structure and bring us back to 6k. I don't see it happening anytime soon. We are too far from doing this. Breaking 3200 would prolong this bear market further to new lows between 1800-2900. Fibs Theory According to trend based fib extension from previous low (3431) to previous high (4422) and current bottom (3121), 61.8% fib is at 3734 (where we are sitting right now followed by 78.6% fib at 3899. 78.6% fib of trend happens to be 23.6% retracement of this drop from 6422 to 3121. This makes me believe that we'll see a correction of this uptrend from 3900. If we don't follow this, the next point of reversal from this uptrend would be 38.2% fib line (4383). I personally don't see it breaking 43-4400 and retrace 50% without making a correction of the current uptrend. My sentiment Short Term - Bullish Mid Term - Bearish Long Term - Bearish What are my indicators saying? Daily HTL is at 3740 That's where we are sitting at the moment. 4Hrly FOMO has been green since 3165. Might call for a retracement, if we don't reach 3800 soon. How am I trading this? I'm currently in a LONG with a Stop Loss in profits at 3700. I'll let this trade run for a while. TP some more between 3800-3900. But I won't close it in case we break 3900. Based on my Fib theory and 3800-3900 being a strong resistance, I believe we'll see a retracement soon. Trade 1 -> I'm setting up SHORT orders in a different Bitmex account as follows Initial Entry -> 3810 Stagger 1 -> 3860 Stagger 2 -> 3899 SL -> 3910 Trade 2 -> In case we break 3900 and my SHORT SL hits, I'm setting up market buy stop at 3920. Trade 3 -> In case we don't reach the resistance level (doubt it), I'll look for SHORT entry once we break 3500.
BITMEX:BTCUSD.PShort
by vjsharma89
7
Easy 100%. Perfect example of trading based on HTLAfter the Hard Fork mess up , BCH tanked with no hope to recover. What was supposed to be a regular "After Hard-Fork" phenomenon didn't stop at 100% retracement of the Hard-Fork pump. Formed new ATLs mutiple times. This beginning of downtrend can be seen at the break of HTL after the pump. We tested HTL 3 times. I made a post about this downtrend about to get over yesterday. If you were waiting for confirmation and entered around 265, you would have been at least 80% up at 5x leverage. Now all those previous attempts to break HTL failed. Unfortunately, I was asleep when it pumped this morning. Things to look out for 1. Check Daily FOMO Signal 2. Check 4hrly FOMO Signal This is how I was going to trade this. Wait for it to cross HTL (At 260 Sats). I would draw a horizontal black line at 260 to mark HTL. Now, there are two ways of doing this 1. Set a market buy stop at 270 sats to avoid any fake out entries and chase it with a SL. 2. Move to 1m timeframe. Set limit buy orders at 263, 262, 261 and 260 (marked with pink lines) as soon as it crossed HTL. Set up a SL at 255 I would have gone for Trade Setup 2. As it's safer. At the same time, I missed this pump since I was asleep. I wouldn't have if I went with Trade Setup 1. That being said, if it just flew past HTL and jumped 3-10% (no leverage), I wouldn't set up Trade 2. Because it could just come crashing down with the same momentum. This is why I prefer Trade Setup 2 over Trade Setup 1 Using the rules above Test 1 -> Trade 1 - Market Entry but Came crashing down. It's a long wick on 4hr timeframe. SL would have been hit. Trade 2 - Never entered as it was a fake out. Pumped 3-5% right after break out and came crashing down. FOMO Daily red too. Test 2 -> Trade 1 - Never entered Trade 2 - Never entered because FOMO Daily red. Test 3 -> Trade 1 - Never entered Trade 2 - Never entered because FOMO Daily red. Test 4 (Final Test) Trade 1 - Perfect break out. More than 100% profit Trade 2 - Perfect break out. FOMO Daily green for the first time during all the tests, Retrace after break out and pumped. More than 50% profit
BLong
by vjsharma89
BTC - Looks like we have a great setup for a temp uptrend here.Morning all! What's happening? We broke out of the falling wedge yesterday and are now sitting around 3500 resistance. 3540 to be precise. Consolidation below a resistance is usually a weak sign whereas consolidation above usually leads to higher highs eventually. Daily has closed as a nice fat green. The direction is still not clear. LONGs and SHORTs are both really high. Either of them will get squeezed out soon imo. Bull Flag has started to form on 4hrly timeframe. If flag breaks out and we continue to trend upwards, next target would be 3800 for BTC. For that a close above 3600 is required. - High probability If flag breaks down, I can see some consolidation in 3400 area heading back towards 2900 target eventually. - Less Probable in short term Going to 3800 or 4300 doesn't mean, BTC will not test 2900. But for now, the downtrend has been broken and bulls have a great opportunity to set the path to 4400-4800 It would test 2900 eventually. That's just how this works. What happened with previous trade? I was regularly updating my previous post on BTC. Made a bunch of Short Scalps until my SL at 3261 got hit. Took profits multiple times. In situation like these when there is lot of indecisiveness and a channel is formed, I adjust my SL to switch my trade from LONG to SHORT or vice versa. SL entered me into a tiny LONG that I closed earlier today. Not in any trades at the moment. Looking for one though. My sentiment Short Term - Bullish Long Term - Bearish How am I going to trade? There are multiple ways to trade the current scenario. I'm gonna go with the safest and least profitable one. Usually the safest trade is the least profitable trade. 1. Trade the Bull Flag - Medium Risk Wait for BTC to form a channel and enter at into a LONG position with a SL just under the channel. 2. Trade the break out/break down - Less Risk Wait for a break out in either direction and enter the trade at pink lines. 3. Wait for a confirmation on either direction - Safest Unfortunately, I don't like to trade based on a flag. I don't mind missing out on a trade that I'm unsure of rather than entering a trade that can easily run in unfavorable direction. BTC is in a No Trade Zone for me atm. What are my indicators saying? 1hr FOMO is red 2hr/4hr and Daily FOMO are green To my surprise FOMO didn't budge during that 3260-3180 channel. It stayed green and soon after that we pumped. Has been green since 3160. FOMO Momentum Scalper Daily has turned green for the first time since 6300. FOMO Momentum Scalper 4hrly is nicely uptrending. So, if indicators are to believed, we should be heading up.
BITMEX:BTCUSD.PLong
by vjsharma89
BCH's downtrend almost overBCHZ18 What's happening? Well, ever since that dump from Hard Fork, it has been constantly dropping. We are at Test 4 of HTL break out. Forming a symmetrical triangle too. Decision time -> Less than 24 hours My sentiment Short Term - Bullish Long Term - There is no Long Term with shitcoins. How am I trading this? I'll be keeping an eye on this one. A close above HTL would be a good entry point. I won't enter we close above HTL. BCH moves are usually big and very unpredictable. What are my indicators saying? FOMO 4hrly has been green for 3 days. HTL is green HTL 4hrly is almost touching the price.
BLong
by vjsharma89
Another Great trade by FOMO!I didn't take the trade on my main trading account as it was against the trend. And because I wasn't expecting a nice 10% push. Did some scalps both long and shorts during yesterday's ping pong price action. I've set up AutoView on one of my trading accounts that execute trades based on 4hrly FOMO Signals. Now, when I had a SL hit at 3261 yesterday on my SHORT, the FOMO Trading Account was LONGing from 3185 at 10x leverage. It's still in a LONG and is in 90% profits. I've manually taken profits. Left 20% of my position to run. If you are a FOMO user and you have a question regarding how to get the best out of FOMO, hit me up. If you are not a FOMO user and want to take a trial, register on the website for the free trial. Won't cost a thing. Link is mentioned in my signature under this post.
BITMEX:BTCUSD.P
by vjsharma89
1
BTC - When Bottom?What's happening? We made a bunch of profitable SHORT trades. After Multiple failed attempts to go down, volume-less dumps and bounces from 3120-3140 We are back to 3180-3200 I mentioned in my previous post that it's risky to be trading in this environment. I made a multiple SHORT scalps during this dumps. From what I can see, there isn't enough liquidity in the pool to go for a big dump and not enough buyers to go for a big pump. We have 1 Falling Wedge, and it's bottom is not tested yet. Testing the bottom will take us to 2900-3050 zone. Going through TradingView ideas, you must have noticed that so many people are expecting 2900-3000 to be the bottom. Now, we don't know know what the bottom would be but what do know that if it isn't the bottom, we won't bounce hard. That'll be a key thing to notice. If it is the bottom, the bounce from it should take us above 3300 I'm expecting a short push here to 3300 or just under it. If you love going against the trend, you can LONG to 3300 and follow your trade with a stop loss. How am I trading this? 1. I'll be doing SHORT scalps until we reach 3300 or at least mid 3200s. 2. I've got SHORT orders between 3230 and 3360 with 3380 as a Stop Loss. 3. If it doesn't get to 3230 or above, I'll let one of my scalps to run. 4. If we bounce hard (which won't be easy), I've a Stop Loss around 3380 to save my arse. Will re-evaluate the market if it's hit and see if next course of action is to go LONG or SHORT. What are my indicators saying? 1. FOMO 1hr,2hr,4hr and daily are all green 2. HTL is still red and we are still very much under HTL on 4hrly timeframe. 3. FOMO Momentum Scalper on daily timeframe is indicating decreasing sell pressure
BITMEX:BTCUSD.PShort
by vjsharma89
BTC - Worst bounce from Supposed Bottom!What's happening? This bounce and weak volume has made me fairly certain that 3200 is not the bottom. After a nice SHORT this morning, we have tested the bottom of the falling wedge I shared late last night. Volume is still not good. One would have hoped for volume to pick up after that bounce from under 3.2k. But nope! Nothing! Too weak. Trade Patterns These patterns, they will not always be accurate because there is always a chance of your trend lines being a little off here and there. Which is why I sometimes, draw the same pattern multiple times and as many different ways as possible. So, we have 3 Falling Wedges here. Falling Wedge 1 -> Drawn with a bullish perspective. If this is THE WEDGE, we won't see 2.9k yet. After breaking out from this wedge, we can jump to 3540 resistance. Falling Wedge 2 -> Drawn from body of the candles. This wedge could take us to 3k before breaking out to 3.5-3.8k (depending upon the buy volume). Falling Wedge 3 -> Drawn from the wicks. This wedge could take us just under 3k and call it a test of the bottom of the wedge and our 2956 support. I'm hoping breakout from this wedge will be "The Break-out"/"The relief rally" that everyone's been talking about since 5k. Now, all this depends on 2.9-3k support. It has to hold for these wedges to work out. Red Arrows depict break out from Falling Wedge 1. Blue Arrows depict breakout from Falling Wedge 2. How am I trading this? I've closed my SHORT from this morning in massive profits. I'm going to keep an eye at the bottom of Wedge 1 for a little longer. If we creeps above 3300, I'll wait for a break out from this wedge and make a short term counter trend LONG trade. If we break down from the wedge, I'll open a small SHORT. Coz if 2.9-3k is the bottom, it's not wise to hold a gigantic SHORT position so close to it. I'll be closing majority of my SHORT between 2.9k and 3.1k.Let the rest run with a Stop Loss around 3250. As I've been saying for a while now, breaking 2.9k will take us to 1.8k I personally don't like the sound of that. What are my indicators saying? FOMO 1hr -> Green FOMO 2hr -> Just turned Green FOMO 4hr -> Still Red FOMO Daily -> Still Green for last 3 days. FOMO Momentum Scalper -> 4hr timeframe is showing increasing sell momentum So, the indicators are giving mixed signals. Which is why not trading right now wouldn't be a bad idea after all.
BITMEX:BTCUSD.PShort
by vjsharma89
2
LONG LONG Term BTC Prediction/Market CycleBefore I begin, I want to make it clear that this is a simple price prediction based on fibs and assuming 2900 will be the bottom of this drop. The study is based on the market cycle and Fib extensions showing BTC's love affair with 4.23 Fib. Comparison with previous market structure's timeline 1. 1st Bullish Rally ($4 to $1150) lasted for 24 months. 2. 1st Major Downtrend lasted for 13 months 3. Consolidation/Recovery lasted for 12 months 1. 2nd Bullish Rally ($292 to $20000) lasted for 24 months too 2. Current Downtrend -> 13 months? Already been 11 months. Finish by Feb, 2019 3. Consolidation/Recovery -> 12 months? Feb 2020 1. 3rd Bullish Rally (4k to 70k) by Feb 2022
BITSTAMP:BTCUSDLong
by vjsharma89
8
Would we finally see $2900 BTC?What a boring 48hours! 1. Falling Wedge -. (+ve) Breakout 2. Descending Triangle -> (-ve) Breakout Doesn't matter in what direction it breaks out from these patterns, in the end, everything points 2900. It will happen. The question is when. I've never seen any commodity reverse it's direction in the middle of nowhere. Where BTC is atm, it's the middle of nowhere. Broke 3500 support. Has to test the next support. These are basic fundamentals of Trading. If a resistance is broken, the price seeks next resistance. It might not get to the exact resistance but it'll try to get there. Wick close to it or something. We haven't seen that move yet. Which is why I believe sooner or later, we'll get to 2900. I see no reason why BTC will call this home and move back up. After dumping $100 just now, we are sitting at the bottom of the descending triangle. Low liquidity weekend is here. The volume is any way dying. I just can't see it going up anymore. How am I trading this? Got into a SHORT earlier today at 3400. Closed it at 3360. I thought this side movement will continue for another 24 hours. Now, I'm looking for a decent LONG term SHORT entry. 3340-3400 would be a good entry. 3400-3500 is better and anything higher is frigging awesome for a SHORT entry. What are my indicators saying? FOMO 1hr -> Red since 3460 FOMO 2hr -> Red since 3420 FOMO 4hr -> Red since 3400 HTL -> Turned Red around 3370 FOMO Momentum -> Showing extremely low buy momentum which is dying slowly. When will I LONG? When I see a reason to. :)
BITMEX:BTCUSD.PShort
by vjsharma89
11
Update BTC - Bull Trap or 3200 was the bottom?Fibs suggest 3200 or 2900 should be the bottom of this massive retracement. After 3500, Weekly and Daily Horizontal support is 2950. If 3200 was the bottom, we would have seen some big buy volume in that price range. We haven't seen that yet. The declining volume is pointing another move down. But to go for further down, gathering liquidity in the pool is important. A lot of people are calling 3200 - The Bottom. But I'm far from convinced that that was the bottom. It is difficult to trade in low volume market. Days of sideways are usually followed by a big pump or a dump. I'm seeing another push to 3500 in next 2-3 days and in a LONG at the moment. But it won't be easy. We have made numerous attempts to close above 3500 but have failed to stay above it. How am I trading this? We've just broken out of another down trend resistance line. I'm in a LONG since 3328. Chasing it with a Stop Loss. 3500-3550 would be a good area to take profits from this LONG. Post that I would suggest to close all positions and wait for some sort of confirmation. A consolidation above HTL on higher timeframes is required to be sure of a long term LONG trade. What are my indicators saying? FOMO 1hr/2hr and 4hr are green. FOMO Daily is green after a long time. HTL has turned green. FOMO Momentum Scalper is indicating increasing Buy Momentum.
BITMEX:BTCUSD.PLong
by vjsharma89
2
Such a Perfect LONG Scalp!FOMO 4hrly Buy Signal was received around 3360 1hrly and 2hrly have been green since 3330 I got in a LONG position once 1hr and 2hr Signals aligned. I entered with a very small margin and low leverage simply because I was counter-trend trading. Now once, I received this Buy Scalp Signal (3385), I increased the number of contracts in my position and increased the leverage too. Set multiple sell orders from 3450, all the way upto 3550 Closed the complete position around 3565. Majority with limit orders and remaining TPs at market. This was a 70% trade at 25x leverage over a span of 10min. Hence, the Perfect LONG Scalp
BITMEX:BTCUSD.PLong
by vjsharma89
4
How to get the best out of FOMO_Buy_Sell_IndicatorConfirmation of FOMO Signals 1. Open position after Candle Close or new Candle Open 2. Make sure price is below Holy Trend Line (HTL) for SHORTing. 3. Trade with the trend (Downtrend). 4. Close/consolidation above HTL indicates possible trend reversal Result Total Profitable Trades in direction of the trend -> 7 Duration -> Less than 30 Days 5x Leverage 1. 73.9% 2. 105.95% 3. 88.45% 4. 25.55% 5. 35.4% 6. 44.6% 7. 80.65% Filter out better trades 1. Do not SHORT if HTL is green. 2. Do not LONG if HTL is red 3. Trade in direction of the trend.
BITFINEX:BTCUSDEducation
by vjsharma89
7