DASH - Entry timing and targetsBYBIT:DASHUSDT
1H trend chart
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DASH is forming a potential cup and handle on 1H.
If price can breakout the downtrend line, trading strategy as below.
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Profit Targets:
a) 138.5----Fib(1)
b) 142.9~144.7----Fib(1.272~1.382)
c) 148.65----Fib(1.618)
d) 155----Fib(2)
Stop losses:
a) 125.9-----Red horizontal ray
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Tradingstrategies
ALICE - Buy it with this strategyBYBIT:ALICEUSDT
1H trend chart
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ALICE has broken out the neckline, there is the 1st timing to long it.
Next, we can buy it if price gets pullback and support around the line( $7.925).
Trading strategy as below.
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Profit Targets:
a) 8.145~8.235----Fib(1.272~1.382)
b) 8.42----Fib(1.618)
c) 8.730----Fib(2)
Stop losses:
a) 7.560-----Red horizontal ray
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AXS - Buy it when break out this lineBYBIT:AXSUSDT
4H trend chart
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AXS is consolidating and converging.
It's good for it to accumulate around $65
If price can break out the downtrend line, trading strategy as bleow.
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Profit Targets:
a) 74.5----Fib(1)
b) 80.995~83.625----Fib(1.272~1.382)
c) 89.260----Fib(1.618)
d) 98.385----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
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BTC/USD by CryptoTradersWWPrice had a strong breakout from the triangle, and is presently stalled at the point of control drawn from August 2021 to the current price action. Buying at this point is dangerous because the price is at a resistance level.
If we see a retreat from here, $44600 is a potential bounce area, as it is a daily Naked point of control and will coincide with a retest of the broken triangle. If this doesn't hold and price returns to the triangle, it'll be bearish, and we may expect price to fall.
The next level of resistance (daily level + Value area high) is around $50300.
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🚀🚀MATIC - Aim our final target!BYBIT:MATICUSDT
4H trend chart
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Congrats for my followers/friends!
You earn lots with this trading strategy I shared on March 23.
You can increase SL from 1.442 to 1.602, it can protect your unrealized profit.
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🚀🚀DOT - Crazy pump take all targets!BYBIT:DOTUSDT
4H trend chart
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Congrats my freinds.
You must take over 15% profit with the trading strategy that posted on March 17.
DOT already hit all our targets, so the strategy has been closed, do not forget to take profit.
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NEAR - Take entry hereBYBIT:NEARUSDT
1H trend chart
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There was a timing to enter when NEAR broke the downtrend line.
If you missed it, here is another opportunity to buy, because the price has also broken out the neckline and gotten support of it.
Take entry here and trading strategy as below.
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Profit Targets:
a) 13.138~13.623----Fib(1.272~1.382)
b) 14.142----Fib(1.5)
c) 16.345----Fib(2)
Stop losses:
a) 10.882-----Red horizontal ray
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AAVE - Good timing to take entryBYBIT:AAVEUSDT
4H trend chart
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AAVE is forming a potential cup and handle on 4H.
if price can take out the downtrend line, we can buy it under the trading strategy which has good reward/risk ratio.
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Profit Targets:
a) 165.5----Fib(1)
b) 179.5~181.15----Fib(1.272~1.382)
c) 191.25----Fib(1.5)
Stop losses:
a) 149.3-----Red horizontal ray
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MATIC - Buy it here with these targetsBYBIT:MATICUSDT
4H trend chart
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MATIC is forming a potential inverse head and shoulders.
The appropriate timing to take entry is when it overcomes the neckline 1.542, and trading strategy as below.
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Profit Targets:
a) 1.6~1.623----Fib(1.272~1.382)
b) 1.649----Fib(1.5)
c) 1.755----Fib(2)
Stop losses:
a) 1.442-----Red horizontal ray
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WHY I AM NOT BULLISH ON BITCOINWHY I BELIEVE ITS TOO EARLY TO BE BULLISH ON BITCOIN AND WHY YOU SHOULD TOO.
Since 26th December 2021 we can see that Bitcoin has been trapped in what I call the falling wage pattern which is between 52k higher high and 32k lower low.
TECHNICAL ANALYSIS : According to babypis, falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume.
The wage trend line has flagged off several times and now is the 2nd time for the bulls to retaliate by driving the bears to the resistance side.
Now price action trapped the market in the middle. the bulls currently drive the trend to resistance line making it the 3rd time the resistance line would be tested which if the bears charges back, we would see the market much lower at the support at 36k
I won't be surprised if that Happens as we can see the H4 RSI showing over bought.
Moreso Horizontally zooming out, you can see the red rectangular shape showing that 51k and 39k has been an area of interest between the bulls and bears since July 30th even before the last 68k bull run. (After the first broke out in 2021 we saw an all time high and currently it's below the resistance line and the question is would we see another dipper market?.)
💡 IDEA : Bitcoin is yet to close above the wage pattern trend line therefore I don't believe the Bitcoin bull run has commenced until H4 candle close above 46,700 and retest the the trend line while holding the bull motion.
CONCLUSION : if you believe that Bitcoin bull run has commenced, you can long it until another all time high is attained
But if you are a rational trader. You can wait until the trend line is broken, Then can ride from any side of the breakout.
How ever bear traders can open a position now at $42,940 and keep your sl at $43,670 which is 1.73% risk
Tp at $36,360 which is 15.27% Profit.
This is for educational purpose and not an investment advice.
If you find this content helpful you can follow and upvote
If you have a contrary opinion or another point of view I would be glad to hear it on the comment side.
Thanks
XRP/USD by CryptoTradersWWOn the lower timeframes, price has been in a bullish market structure for a few days now (higher lows and higher highs, with price challenging this multi-month resistance once more. If price can break through barrier with volume, we can expect higher prices.
For our entry, we'd like to see $0.82 turn into support and 4-hour and daily closes rise above it.
On the chart, I've highlighted a few potential profit targets that I'd like to hit if we get an entry: $ 0.88, $0.91, and $1.00.
My stop loss will be triggered if the price falls back below the trendline after a breakout above it. I'll close the trade after this confirms a fake-out.
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AVAX - Take entry at these pointsBYBIT:AVAXUSDT
4H trend chart
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AVAX just broke out the downtrend line, and that is the timing we can buy.
Also, it is forming a potential double bottom, which neckline is 90.855 on 4H.
So we can take entry again once the price overcome the neckline, and trading strategy as below.
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Profit Targets:
a) 98.060~100.975----Fib(1.272~1.382)
b) 104.105----Fib(1.5)
c) 117.350----Fib(2)
Stop losses:
a) 76.4-----Red horizontal ray
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DOT - Open short after breaking out the supportBYBIT:DOTUSDT
4H trend chart
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DOT just broke out uptrend line which is supporting price.
Now, we can sell it with trading strategy as below.
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Profit Targets:
a) 15.99----Fib(1)
b) 15.025~14.630----Fib(1.272~1.382)
Stop losses:
a) 18.705-----Red horizontal ray
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DOT - Entry for longBYBIT:DOTUSDT
4H trend chart
Last idea about short DOT is closed(hit SL).
Now, we can see it is going to form a double bottom on 4H.
There are 2 timing we can take entry as I mark on chart, and trading strategy as below.
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Profit Targets:
a) 19.445~19.740----Fib(1.272~1.382)
b) 20.060----Fib(1.5)
c) 21.420----Fib(2)
Stop losses:
a) 17.045-----Red horizontal ray
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EUR/CHF Bearish EUR/CHF against a technical Double-top pattern which could instigate another surge in price like it did Feb 22nd. But it's best to stay clear of any fake breakdown.
A strategic Sell Stop order below the 50% fib zone will be fine.
Sell Stop - 1.0180
Tp - 1.00300
SL - 1.02300
RRR - 1:3
Use an appropriate lot size base on your capital (Risk only 1% of your capital)
Disclaimer - Subject this setup to your own analysis and trade at your discretion.
ALGO/USDT by CryptoTradersWWThis morning, I'm attempting to discover some longer-term opportunities.
Algo/USDT is one of the coins that is close to historical support.
The price is currently testing $0.67 for the fourth time, but no meaningful reaction has yet to be seen. The zone between $0.50 and $0.56 is another level | am interested in for a long time.
There is ascending trendline support as well as many levels of confluence in this area. I've activated my alerts!
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LUNA - Long and Short with these 2 scenariosBYBIT:LUNAUSDT
1H trend chart
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LUNA is consolidating as a possible cup and handle on 1H.
Also, it could be a double top as well.
So we can long or short it depend on the direction it goes in near future.
And judge the timing with downtrend line(for long) and uptrend line(for short).
2 Trading strategies as below.
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Open Long
Profit Targets:
a) 104.495----Fib(1)
b) 107.825~109.175----Fib(1.272~1.382)
c) 112.060----Fib(1.618)
Stop losses:
a) 95.250----Red horizontal ray
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Open Short
Profit Targets:
a) 92.250----Fib(1)
b) 88.855~87.480----Fib(1.272~1.382)
c) 84.535----Fib(1.618)
Stop losses:
a) 104.495----Red horizontal ray
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BTC/USD - UpdateFollowing up on yesterday's report, the resistance at $39K was simply breached, despite the fact that it had previously been tapped.
The price is currently encountering resistance. $42K is a key support and resistance level for several support and resistance flips. If the price breaks through this level, it may test the $44300 daily barrier and maybe the upper trendline. When we approach the larger symmetrical triangle pattern, proce makes the bigger transaction.
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ETH - Buy it after this scenario showedBYBIT:ETHUSDT
1H trend chart
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ETH is forming an inverse head and shoulders pattern on 1H.
And there is a downtrend line giving resistance for price.
If price can overcome the downtrend line, we can open long and follow trading strategy as below.
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Profit Targets:
a) 2647.3----Fib(1)
b) 2702.95~2725.45----Fib(1.272~1.382)
c) 2749.6----Fib(1.5)
Stop losses:
a) 2524.45----Red horizontal ray
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Surely, I shared an idea about ETH before, and took entry with Vegas tunnel strategy. You can keep following it if you're already in.
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BTC/USD - UpdateYesterday's levels were respected both to the upside and to the downside. For the upside, $39K remains a level of resistance. However, this has been tapped a few times now, so this area is now weakened.
The next two levels to pay attention to is $41300 and $44500 if we see breaking to the upside.
Current support is $38000, which, if lost on the daily timeframe, I will look to the ascending support as the next area of interest. When we eventually get a break in either direction, this could lead to a more significant move.
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BTC/USD by CryptoTradersWWPrice is moving within a broader wedge pattern, similar to other coins, with equal touches of support and resistance so far.
Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support.
The bullish case for the price is if it reclaims $40k as support, which would indicate that a move higher is more plausible.
As a side note, both the up and down moves were swift, implying that the return to these levels would be just as swift.
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Your Trading Style and Holding Period ⌛ ⌛ ⌛
How long to hold your trading position?
Everything depends on your trading style.
In this post we will discuss the preferable holding period for your trading positions.
First,
Let's define 4 main trading styles:
Scalper, intraday trader, swing trader and investor.
One of the core differences between these styles is the time horizon of their predictions of a market behavior.
1️⃣Scalper attempts to predict minor price fluctuations. His goal is not to pursue the waves, rather a minor moves up and down.
For that reason, pro scalpers tend to hold their position minutes, sometimes even seconds.
Expanding the time horizon they are risking to be stopped out from their positions.
2️⃣Intraday traders operate on intraday time frames.
They are trying to predict the price movements within a day or even a trading session.
The average holding period of a pro intraday trader is ranging from minutes to hours.
3️⃣Swing traders are aiming to catch swing moves - the waves.
Typically by a wave we call a trend following movement.
Pro scalpers usually close their positions once the market starts retracing (correcting itself).
Following such a strategy, scalpers tend to hold their trades days to weeks.
4️⃣In contrast to a swing trader, the investor does not care about the retracements and pullbacks.
The investor is trying to pursue the entire movement within the trend.
Usually he hold his position till the trend lasts and closes that only when the market starts reversing.
Investors tend to hold their positions months, even years.
Recognizing an average holding period is crucially important for a selection of your trading style.
Which one do you prefer?
❤️Please, support this idea with like and comment!❤️