Slowly Accumulating EOS for a BullrunThere is a larger falling wedge pattern on EOSBTC that I've been keeping watching closely. I believe we are near the bottom and targetting a breakout to test the 38.2% Fib from the beginning of the falling wedge.
On the smaller time frames, I've been entering into a LONG position on:
Double bottom pattern
Cup and handle pattern
Bull flag pattern
I will be taking partial profits along the way in case the market dumps, however will hold remainder of the position to the target shown while trailing stops.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Tradeanalysis
Etherium testing supply zoneWe have seen strength today in the crypto markets, including Etherium versus the Dollar. You will note that Bitcoin and many other alt coins are forming a rising wedge formation. This is a bearish chart pattern.
Etherium in particular has just made a high high, yet a lower low on the RSI indicator. This is also bearish signal. Volume has also been decreasing, indicating the last move higher is quickly losing momentum.
With the higher time frame supply zone shaded in yellow, it is probable that we will see strong selling pressure.
Trade targets are shown.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Has EOS already broken out?Keep close attention on EOS.
We might be in for a nasty sell-off.While not a perfect pattern, it appears to have triggered a sell trade.
With a 5.64 to 1 risk/reward ratio, this is a no-brainer trade for me. Profit target near 7.97 with stops above 10.78.
Execute the best trades. Profits will follow.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
USDJPY long (has fallen below 800 EMA)Looking for a USDJPY long. It has fallen below the 800 EMA and is approaching a strong support zone. 50 pip take profit with a 30 pip stop loss. We're only doing a 50 pip take profit because we are staying clear of the 800 EMA line. We use the 800 EMA as a support/resistance zone and in this scenario it is a strong resistance so we are going to stay away and not get greedy!! Let's eat
BTC Price Action Forecast - READY FOR MORE MONEY?? Hi Trading View Family,
The Telegram family has definitely grown. We have had 45% increase in members in the last two weeks alone. All of you asking, please understand I do release trades and signals on both long and short term time scales, however, I am highly conservative and do not deal in pump and dumps. I place money in my trades and do not go in blindly. My focus for our telegram community is emotional control and solid trade analysis. A lot of new members have had a lacking in one of the other, so in order to trade my calls those #1 Emotional control is the most important, #2 Trade Analysis will help you get to your financial goals, #3 Having vision for your investments, trades, and portfolio is key to strategizing properly. So if you are in the market for anything other than what I have mentioned above our community might not be the best fit. Our CryptoFamily is honestly the best there is and everyone is learning at an exponential rate. Education comes first and the profits will easily follow. GREED, FOMO, & FUD is not tolerated in the group - granted we never had that issue to begin with.
We had a great month of April and a highly interesting start of May. Nothing surprising here. I have already shared on Telegram that the market will need to cool down before we can start buying and do more position trading. Granted yes, day trades exists but the during these times it can be best to not overtrade the market. Kicking back, relaxing and watching things play out is one of the safest BUT hardest things we can do. Personally, I continue to acquire TRX -8.03% , POE 2.65% , SYS 0.00% & WAN. I can easily see these coins generate 50-300% ROI 0.00% in the coming weeks.
I already shared my retracement plans for TRX -8.03% about 3 weeks before it happened and it has hit 720 earlier in the week.
This BTC -2.04% chart was shared on the 9th -2.99% of May and we have seen it play out perfectly :) One member made 80% playing this chart (shorting on Bitmex). My personal opinions is that BTC -2.04% will consolidate at the mid to lower range of $8,000 and then we can see a rise up to $8,800-9,500.
We will continue to see a further price decline in BTC -2.04% price action in the short term. This is all needed to give ALL COINS breathing room to attack a new 2018 ATH -0.59% . Everything is being set up towards the end of the year and what we are seeing here is a mid-year positive price action. If you study the 2017 charts we have seen similar price actions around this part of the year (also taking into account the Consensus Event in NY).
What we can expect is consolidation in this market. We went from $6500 to nearly $10,000 without any consolidation phase. I can easily see BTC -2.04% consolidate around $7500-8200 in the next 3-4 weeks. We are creating higher lows and slowly pushing to higher highs.
I have another interesting BTC -2.04% chart to share with you at a later date (: It will show you the long-term outlook of the coin and the various channels it is currently trading in. If we can get 30 likes I will drop the chart this week!
(: Good luck and Happy Hunting!
Regalia
EURUSD 4hr Cypher hormonic patternEUR/USD is forming a bearish Cypher harmonic pattern, the pattern started at 7 May.
The model is expected to be completed @1.1945 also EUR trading under EMA 50
Target 1 @1.19000
Target 2 @1.18700
SL @1.19700
Good luck,,,
Thank you
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Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
SIMPLE & STRONG TRADE
As you can see on the 4H chart we had a golden cross plus the assending triangle is holding well and we got a small break out ,
i think price will retest the support line of the triangle as a first support , and the EMA 50 and the 0.236 Ichimoku level before hitting the targets
GBPUSD - Sterling/dollar pulls back to support within uptrendGBPUSD – Sterling/dollar pulls back to support within uptrend.
gbpusd trade idea - gbpusd analysis
The GBPUSD is in an upward swing after finding support a month ago down near 137.50 area. We have a bullish bias on this market as we have discussed gbpusd in recent commentaries and we will retain that view whilst price is above 1.3750 support. There is short-term support just below near 1.3990 and there is a zone of value / support at 1.3990 – 1.3750 that we can look for price action buy signals within to get long and target recent highs near 143.40 resistance.
WTI short - only if you believe market is fractalWTI has made an interesting pattern recently. It is almost identical to the one made at the beginning of wave 2. See the blue highlighted box on the chart.
The larger box is a measurement of wave 2 correction, as I expect wave 4 correction to take a similar amount of time. Interestingly it suggests that WTI is likely to be in correction for the next 10 months.
In any case, from this point forward, if my analysis is correct, the only way from here is down. As a measured move, I believe it is likely to go to $57-58 area. The risk reward here is very attractive as stops can be placed above wave 3 high.
I believe the market is not expected to move very much in the short term due to Easter break so this idea should be valid until the end of next week.
Simply sharing my opinion, this is not a trade call.
If you find this idea useful, why not give a like, comment or share it with others. Thanks.
Tronix | Is it Good Time to Buy??Directly jumping to TA.
Recent High price move was because of March 31st testnet launch.
TA is coming under heavy pressure because of BTC selling.
We all know BTC is able to govern the trend for all coin. So if BTC falls, will TRX will rise?
I doubt it. At most u can see a spike in Buy, only if BTC shows Green. i.e.. 30 to 40% increase in price and hard 4 to 5 percent decrease in price. So, Yeah it is good time to buy TRX now, but make sure u sell it on or before March 31st . Because if BTC is in RED, then people will exit TRX very fast.
Anyone who is buying now, is because of price increase anticipation (due to test net launch).
PS: All the opinions are mine and mine only, i am no way trying to influence your trading decision.
Its your money, you have to decide what u do with it.
If you like or agree the idea, dont forget to hit like and follow.
If you have comments or feedback or questions, please feel free to post in comment section.
Thanks
Krypto Times
A POSTMORTEM ON THE EURNZD TRADEFollowing a trade I took on EURNZD which I tentatively classed a good trade despite the outcome (it was a loser-see link below), I have since done some post-trade analysis and would now class this a "bad trade", at least from a trade management perspective.
In quick summary, the trade was based on the expectation of continued bullishness in the pair and a break out of the identified Inverse Head and Shoulders pattern on the Daily Charts, entries were based on a 2618 technique on the 1H time-frame. On the surface of it all, I'm quite happy with my analysis of the market and, my expectation and approach were not inherently unsound. However, after analysis, what has led me to conclude that this was a bad trade was my reactions to what the market was telling me mid-trade. Essentially, I didn't react.
Looking at the trade from the Daily charts, my analysis was relatively sound: the pair was in a bullish trend, had consolidated following an initial structure low (I.S.L), had setup a valid bullish pattern and was retesting the neckline/previous structure, had established a series of higher lows (essentially forming an ascending triangle). Lower time-frame analysis of price action indicated that sentiment was inclined towards further advance and had provided a good entry reason from which I could get involved in anticipation of a breakout. The main risk was that as price action had not decisively broken and closed above previous structure on the higher time-frame, I was essentially looking to capitalise on an early entry into the breakout, meaning there was a possibility that this may not occur and I should have prepared for this. "Predictive in your analysis, reactive in your execution" as my teachers like to say and one of my favourite sayings.
So I'm in the trade, the question is where did I go wrong and could I have identified this and acted to mitigate, minimise or even negate the lose. My conclusion on postmortem was "YES", when I take into account the last part of my analysis mentioned above, namely 'there was the possibility that price action would not break and close above previous structure resistance'.
Looking at what price action did on the Daily charts, we get a clue that this was a trade I needed to exit, in the form of a Shooting Star candle close at structure, on the day the trade was taken (21/03/2018 Candle). This failure to close above structure resistance and in the form of a bearish reversal candle should have been a clear sign that at the very least I should have reassessed the trade as there was a potential (possibly temporary) shift in sentiment.
Furthermore, zooming down to the lower time-frame (1H), it is evident on two occasions that there was something of a shift in sentiment that should again have at the very least prompted me to reassess the trading opportunity.
Firstly, immediately following my entry, price action double topped twice and rolled over. This should have put me on alert for a bearish 2618 retracement. I guess here, I got distracted by the fact that good stop placement had saved me from a quick lose in the trade that I was not paying full attention to what else the market was doing and essentially telling me. That is, without intending to, I inadvertently switched to a relieved hopeful mindset. I'm learning this is one of the biggest killers to trading success.
The second was the retracement that provided a 2618 shorting opportunity to other market participants. This was what sealed the fate of my trade and would have proved to be a second chance "exit" opportunity. Again a saying from my teachers "Think like the other trader...".
So in conclusion, I get some points for analysis and execution, following the plan and my rules of engagement but I fail in trade management, psychology and market awareness.
Bitcoin TA | Target for 10k or above?Hi Guys,
I had made the bull call way too early, but i went wrong initially cause i didnt include all data points.
If you see the current behavior of BTC, it is showing the sign of Bull again, but dont fall for it.
It is yet to come out of Bear Trend.
When Bear trend will be over, read below TA.
Here we have two pattern, Bear butterfly pattern and Bull Bat pattern.
If you see carefully, Bull Bat pattern has been point on, and it is reversing the trend to upwards.
Similarly, Bear Butterfly pattern needs to complete its pattern (16k)and do a reverse downward trend and then rise(way too far away). So for pretty long time , we are in Bear trend only.
Having said that, lets try to analyse near future behavior.
Recently BTC has completed BULL BAT pattern, and it has reversed its direction to go UP.
So how far it will go up. if you see the chart, I have marked 32,50,62,78 retrace levels.
But there is heavy resistance between 50 and 62 retrace level i.e.. 9.5k and 10k mark.
10k being psychological mark also, we can expect a downtrend there because of two factors:
1. 10k psychological mark.
2. Heavy resistance because of previous trend
There is it should reverse its path to either 9.3k or 8.6k and then again rise up. Please remember we still in BEAR pattern, none of this is BULL run.
So, for near term : Buy NOW and sell at 9.5k to 10k mark.
Reenter at 9k mark.
This whole thing will continue, untill we reach 16k mark and fall, and then we rise again.
Unless we dont touch 16k, we are not in Bull run.
Now you guys know, why BTC price is going up even when in BEAR Run
If you like the TA, please like share and follow.
For any doubts or querry please comment.
PS: All of the above are my view only, please do your own TA also, cause its ur money.
Remember its Trading Market, if u give ur money for free, people are gonna take it.
Thanks
Krypto Times
BTC | Swing between between Support n Resistance|Flag FormationAs we have said previously, BTC needs to cross 11700 to show Heavy Bull Potential, It found resistance at 11500, but not a heavy one.
It 's just that Bulls are not ready to move the marke t: Reasons for this could be anything from "waiting for political news, making impatient traders to loose their money etc.."
As per the current market scenario, we don't see any major swings in either direction. For opening any long or short position, please wait for formation of trend.
Currently, it is moving in Flag formation, but volume is absent from market , which only means , it will trade sideways.
In the chart , we have marked our current expectation for the price movement.
Moon Shot: I am expecting this trend to continue to form a symmetrical triangle, to provide an ample opportunity to bulls to shoot the market up.
Future Expectation : Bull Long Run
Short Term : Swing Sideways ...
If you agree with our analysis, please like, share and follow :D
KrptoTimes
BTC/USD Possible bullish to 12.600k to 13.k Around 16th febHey all im new but been noticing this keep comming up andthought i would share could be a criticl point at the
apex ??Around the 16th matbe.Just wanted to put this out there i've added some text to the chart to explain
better if you want to buy me a cuppa tea if it pans out my adresss is below.
New trader learning and looking for patterns.Lets see what happens at the apex.Had a good day trading this chart
may have helped feel like buying me a cuppa tea BTC adress below many thanks needed to get this idea out there.
for others to look more into this..
im not sure the writing is viewable it was on my monitor i will see if i can fix it
Thank you all
Btc for adress for cuppa tea :)
1LuVYASn75HZeLeKksExKTNwZpF59zXWk7
LTC Moving up as expectedThough the actual chart which i shared had an error in the ABC Correction wave..
But the markings were bang on:) LTC moved up from the exact spot of C
I would love to hear from the experts - whether i should have considered this as a Descending Triangle or the ABC Correction Wave
Please have a look at the below related link (for the original post) and let me know your thoughts
LTC - Completing its Correction waveLooks like LTC if about to complete the ABC Correction Wave. It should take a few hours. once it does, we can expect it to head up again.
Yesterday's High $236 would be the resistance and it has to break it to reach the next target which is around $268.
Let me know your thoughts. Do leave a comment.
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This is not a trade signal. I am just sharing my 2 cents.
NBTBTC sitting at the bottom could break out in coming daysNBTBTC is currently sitting at some of its lowest prices and not going much lower. This could mean consolidation and breaking out in coming days or week
Not in investment advice.