TA
::: According to my T Analysis :::::: According to my T Analysis :::
Major Support: 0.74 - Buy zone 1
Minor Suppor: 1.54 - Buy zone 2
Major Resistance: 1.97 - Sell zone 1
Minor Resistance: 2.7 - Sell zone 2
Good for Long Term Buying 🙂
USDMXN | SHORT-Values-
Entry Range: 19.93293 - 19.97017
Average Entry: 19.95845 (RRR: 1.86)
Stop Loss: 20.00931
Profit Target: 19.86254
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid.
Example:
Trade Idea:
Valid and Invalid Entry:
NZDUSD | SHORT-Values-
Entry Range: 0.72242 - 072454
Average Entry: 0.72385 (RRR: 1.85)
Stop Loss: 0.72678
Profit Target: 0.71840
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
(The "Average Entry" you see in my ideas are always 1.8 - 2.)
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid.
Example:
Trade Idea:
Valid and Invalid Entry:
If we fall below the 200dThe 200day simple moving average has proven to be a leading indicator above all else for Bitcoin's bull cycles. Pay attention to previous activity over 6 years and observe price correlation around this simple moving average.
The reason price respected and stayed above the 200day SMA is unknown, but as a imperialist, I must honour it.
Another indicator to note is when Bitcoin retraced enough to test the 200d SMA (and stay above it), the daily RSI was right around this level we see now ~ 28-31.
Thus, the suggestion could be made using previous data that a low risk entry on BTC could be taken at this time.
I will be doing some modelling in Excel to show the exact correlation over the years between price action at the 200d SMA and price.
COMP/USDT ANALYSIS, LOOKS WEAK, POTENTIAL SHORTNow we analyze COMP/USDT. We see here the major bearish divergence which signals a downward movement. If this downward movement takes places
which looks very likely, we can see a move to support at $608, if we can breach $740 and keep 4HR candle above it then we can see possible move upwards, I
am not taking position here but best bet is a short to $608, take profit at $640 to protect funds and always use proper SL, here are the important levels, also
lots of selling on MAC so watch that as well.
Support: Local $706/$608
Resistance: Local $859/$909
Always use SL to protect funds, use 3% or your best judgement.
BCH/USDT ANALYSISBCH/USDT seen here on Bittrex touching our support line of $1181 so now we can see a sideways movement or a pivot to upside or downside.
We have a bullish MACD touching on the 4HR so we will watch this, if support of $1181 holds we can see $1382 short term target to take profit, I will personally
not enter here but for shorters you can open short here and wait for $1040, I will wait for more confirmations before entry
We also see a local resistance at $1319 that is not marked by FIB levels.
Support: $1181/$1040
Resistance: $1319/$1382/$1638
As always use 3% SL or SL at your discretion to protect your funds
ETH/USDT ANALYSISETH appears to be weak right along with BTC, ETH had strong run that did not match BTC recently, we have some increasing selling pressure and a gapped MACD,
however we have ETH bouncing off that local trend line support, if 4HR candle closes above $3765 we can expect some more upward movement but if candle close below
the trendline we can see downward movement to $3291, so we will not enter trade here and we will wait for confirmations. Always wait for confirmations.
Resistance: trendline $3677/$3765/$4161/$4368
Support: $3291/$2958
Hope you enjoy my analysis and hard work
ETH USD PLease Hold your Longs!Hi All Since these are my first few posts on Trading view so If could could kindly give me a link and feedback if you like and agree, and if not please still comment, share and help support much appreciated !
So today ETH has reached another ATH against USD with high being at $3619 which is incredible bullish gains for ETH and means ETH will continue to the Estimated $7000 in 2021.
Amazing for ETH as predicted alreading in 2019 and but I know you may not like to read this idea, BUT I notice on todays chart that there is a Bearish divergence arising on the 1hr chart.
This can be seen from the resistance and support levels on RSI indicators and can be seen on the Uptrend analysis on the charts. On the charts I have included these lines to show, We can also see that today ETH had a very long bearish red candle which we shorted all the way down to the EMA line at 4020. It did not go lower than the EMA, FOR NOW! So with with this bullish divergence new, it could mean that we see a regression down to the bearish divergence which I have measured is at 2800 .... AND if we break this, then we could try to break ETH's support which is at 2500...If ETH breaks this support line, signals a Bearish market... Also on the 1D daily chart we have a Red very Bearish candle forming, which has a few days to run down to the EMA level and lower....
Sorry to inform!
Be prepared for a correction or perhaps a bearish trend down to at least 2500, However if ETH does not break below the EMA at 4200 when we see another red bearish candle, than expect that ETH could potentially continue up higher, Im bullish on ETH reaching ATH at $2700 right now in the few hours....
Have a great day
Eur/Gbp Long IdeaMy reason behind entering this pair is due to the fact that at the moment we are climbing up in a bullish trend on the daily timeframe, which gives me the indication that longs will only be valid in any trade situation. Once I scoped into current price action on the daily i spotted a shooting star, which in my opinion would be perfect for an entry at the wick high. 4hr looked even better for me, showing previous support now acting as new resistance clearly highlighted on my chart with the box . For my confluence i noticed we left a slight imbalance close to my entry, along with a daily TF Ema just above the entry. On the 4h for my Stoplioss, it placed just below a Hl, as a break past this level would cause the trade to be no longer valid, but the ATR gives me further confluence it won't over entered to that. Take profit just at the zone of resistance.
OCEAN/USD Bullish Shark - Target $3.84OCEAN/USD has a Bullish Shark harmonic pattern.. coincidence!? This isn't the first Shark in the OCEAN.. last time a Shark harmonic appeared in OCEAN it went absolutely insane!
Bullish Divergence on the Daily w/ no retest of the PCZ.
Targets:
1) $1.95
2) $2.61
3) $3.84