Tradingstrategies
ETH - potential buying timingCOINBASE:ETHUSD
3D trend chart
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There is a good entry timing for ETH, if it can go above 2857, also this candle(3 days) should close above 2857.
Then we can long it depend on Vegas tunnel trading strategy.
Moreover, we can notice that a possible double bottom on the 3D chart, it will form after price overcomes the neckline(3284.75)
I suggest that you can buy it when you confirm it goes aboe 2857, and take some profit while it faces 3284.75 in future.
Trading strategy as below.
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Profit Targets:
a) 3284.75----Fib(1)
b) 3590.95~3714.79----Fib(1.272~1.382)
c) 3980.46----Fib(1.618)
Stop losses:
a) 2300-----Red horizontal ray
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How to trade Bullish Momentum Here's a tutorial on how to trade bullish channel using price action.
So when we see price ranging in a channel, we suppose to trade as per breakout or wait for retest entry. Here in BITCOIN when price broke down channel support we'll wait for retest and when we don't see retest and simply price reverse here we'll plan for bullish entry and call it as bullish channel. As soon as price breaks out the channel resistance with a strong candle we'll entry in trade by keeping the stop loss as recent swing low and channel high as our take profit.
SOL - Potential bull pattern and TargetsBYBIT:SOLUSDT
4H trend chart
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SOL is facing the resistance from downtrend line, and there is a possible inverse Head and Shoulders on 4H.
We can long it after breaking out the downtrend line, the better scenario will be the formation of inverse HS shows.
If price overcomes the downtrend line, trading strategy as below.
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Profit Targets:
a) 96.140----Fib(1)
b) 100.275~101.945----Fib(1.272~1.382)
c) 105.530----Fib(1.618)
d) 111.335----Fib(2)
Stop losses:
a) depend on the timing of breakout
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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
BTC/USD by CryptoTradersWWThe daily support levels established at the start of the week have been maintained.
At $40100 (daily resistance), there are significant areas of resistance.
More resistance may be found at $42,000, which has numerous resistance levels and where we believe the price will be acctracted to.
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ETH - Buying timing and TPsBYBIT:ETHUSDT
4H trend chart
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ETH keeps falling after the double top formed since 19 Feb.
Further, it has met the final target at Fib 2($2539) and got support around here.
And we can see that ETH is trying to break out the downtrend line, if it can overcome the resistance, there is an entry for long.
Also, if it keeps going down, there is a good potential buying area around 2300~2500.
In a nutshell, it's better to buy it after breakout is confirmed, and trading strategy as below.
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Profit Targets:
a) 2825.3----Fib(1)
b) 3056.65~----Fib(0.5)
Stop losses:
a) depend on the timing of breakout
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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ATOM - Inverse cup and handle, shot it with the strategyBYBIT:ATOMUSDT
4H trend chart
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ATOM is building a possible inverse cup and handle pattern.
If this 4H candle can break out the support level($25.335), trading strategy as bleow.
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Profit Targets:
a) 23.845~23.24----Fib(1.272~1.382)
b) 22.595~----Fib(1.5)
c) 21.945~----Fib(1.618)
Stop losses:
a) 27.280----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
ALICE - Selling area and TPBYBIT:ALICEUSDT
4H trend chart
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ALICE forms a double top on 4H
And it just broke the neckline 7.07, so we can short it here with strategy as below.
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Profit Targets:
a) 6.3~5.99----Fib(1.272~1.382)
b) 5.66----Fib(1.5)
Stop losses:
a) 7.65----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
BIT - New entry timing and TargetsBYBIT:BITUSDT
1H trend chart
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BIT already hit our 1st TP from my last idea.
Congrats if you're following it.
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You can hold the rest to until hitting other TPs and can move SL upper if you want.
Now, 1H trend is forming a potential cup and handle, and here is the buying timing, so I'm going to provide another strategy as below.
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Profit Targets:
a) 1.693----Fib(1)
b) 1.704~1.709----Fib(1.272~1.382)
c) 1.719----Fib(1.618)
d) 1.735----Fib(2)
Stop losses:
a) 1.664----Red horizontal ray
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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BTC - Targets for this BreakoutBYBIT:BTCUSDT
1H trend chart
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BTC has already broke the resistance from the downtrend line.
So we can do long here and strategy as below.
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Profit Targets:
a) 42750----Fib(1)
b) 43054.5~43178----Fib(1.272~1.382)
c) 43442----Fib(1.618)
d) 43870----Fib(2)
Stop losses:
a) 42128----Red horizontal ray
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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✅BTC - hit our all targets as expected💥BYBIT:BTCUSDT
4H trend chart
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Congrats fellows, take your profit with our BTC idea, post on Feb 2.
This trading strategy has closed, I'll keep updating any idea of crypto in future.
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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BIT- is converging and expected targetsBYBIT:BITUSDT
4H trend chart
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BIT is squeezing in a triangle, and our resistance is the downtrend line.
On the other hand, price is getting support from the uptrend line.
So, if BIT can overcome the downtrend line, we can do long with strategy as below.
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Profit Targets:
a) 1.662----Fib(1)
b) 1.731~1.785----Fib(1.272~1.382)
c) 1.914----Fib(2)
Stop losses:
a) Set is at the lowest point of this triangle
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
BTC/USD - UpdateOver a month later, it's still interesting to watch how the previous range point of control functions as support. This has now turned into resistance as the price has dropped below $43094.
Further down, support is found around $41k, a crucial level to hold if price is to avoid a quick drop to $39K.
We have a few elements coming up in the next several weeks that may have an impact on price.
Today is the Superbowl, and many crypto companies have spent a lot of money advertising and promoting their products.
This may be a situation where you buy the rumor and sell the news.
Furthermore, there are tensions between Russia and Ukraine, which are causing a lot of concern in all markets, including Crypto. This is where risk management and decision-making come into play.
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SOL/USD - UpdateSOL has broken the uptrend channel by dumping sharply from the resistance line, as predicted on the past post (blue line). It was most likely a bear flag in Higher TF.
Currently, the price has broken its pattern, but it is still building LowerLows.
You can stockpile some now that the price has dropped below $100, spot hold mode.
The next significant support zone is between $79.00 and $82.00.
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☑ Create a civil and healty discuss in the comments and share with me your toughts
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BTC - is approaching to our Final target and New 1H entry timing-
BTC is squeezing and breaking out the short-term downtrend line on 1H.
The 1st target on 1H is 45500, which is also the 3rd target I set from last entry opportunity.
(If you are following it, you are gaining profit now)
Here is another entry timing, and trading strategy as below.
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Profit Targets:
a) 45500----Fib(1)
b) 46746~47250----Fib(1.272~1.382)
Stop losses:
a) 42650----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
⭐ ZOOM OUT ⭐ ZOOM OUT
1️⃣ When preparing to take a trade, it is better to take a broad look at the charts.
2️⃣ Taking into account the higher time frame charts, makes you see the bigger picture of the market structure and have a better bias.
3️⃣ Analysis carried out on the daily (1D) and
four hour (4H) gives you "stronger entries" and reduces the chances of having false signals.
4️⃣ Of course there are different types of traders, and the SCALPERS would not want to stay long in the markets thus trading the smaller time frame. This can also be done with reference to higher time frame zones by scalping only when the market is around a strong reaction point from the higher time frames.
💥 ZOOM OUT
ETH - 2 Great scenarios for EntryBYBIT:ETHUSDT
1H trend chart
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ETH is getting a correction after a CH pattern completed(target is 3400)
Here, we can wait it to retest and show support at long-term downtrend line, the better scenario is that hit 144/169ema, then rally back to 12ema quickly.
It would be a great entry timing to long.
Also, a bullish flag is forming on 1H, so there is another timing to take entry if broke out this flag.
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Profit Targets:
a) 3235----Fib(1)
b) 3414.25~3486.75----Fib(1.272~1.382)
c) 3564.5----Fib(1.618)
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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WHAT IS AN ETF? (Exchange-Traded Fund)📚
✅An ETF is an exchange-traded investment fund. The fund's management company draws up a strategy and acquires assets in its portfolio, and then issues shares - small shares of this portfolio. When selling an ETF, the investor pays tax in the same way as if it were ordinary shares.
✅If 40 years ago only 6% of American families invested money in investment funds, now they are about 46%. At the end of the third quarter of 2020, $29.5 trillion was invested in open-ended investment funds in the United States — this is almost half of all assets managed by funds around the world.
⚠️What instruments are included in the ETF
🟢The fund's portfolio may consist of any instruments traded on the stock exchange. For example, stocks, bonds, currency, precious metals. Their ratio depends on the fund's strategy. Once in a certain period, the management company reviews the portfolio and rebalances, that is, sells some assets and buys others.
🟢All actions are subject to strict rules, from which managers cannot deviate. All information about the composition of the ETF and the frequency of portfolio rebalancing is available in the fund's documentation.
🟢ETFs can consist of securities, precious metals, derivatives - there are practically no restrictions. Therefore, today there are thousands of funds with very different structures. For example, there is the Global X Millennials ETF— which is a fund for shares of brands beloved by millennials. Or Direxion Work From Home ETF - it invests in services that benefit from the widespread transition to remote work.
❗️What are ETFs
🔴When a fund copies a stock index, it applies replication, that is, it exactly repeats the composition of the index. There are two types of replication — physical and synthetic. If an ETF uses physical replication, it buys the index assets themselves - stocks, bonds, and everything else.
🔴If a fund uses synthetic replication, it does not buy the index assets themselves. Instead, the fund uses an index derivative — an agreement between the parties that the transaction will be executed. A change in the value of the index entails a change in the value of the derivative. On the one hand, this is beneficial for the investor, but on the other hand, a complete repetition of the index may be inaccurate. In addition, there is a risk that the derivative provider will not fulfill its obligations.
🔴In index ETFs, the investor should pay attention to the error of following or tracking error. Let's say the IMOEX index has gained 12% over the year, and the ETF for this index has only 11%. The management costs in this fund are 0.5%, which means that the remaining 0.5% is a follow-up error. This indicator should not be too large, because, in the end, it affects the profitability of the fund. If the fund deviates greatly from the index, the managers do not do their job well.
‼️How the price of an ETF is formed
🔴Shares in ETFs are called shares, they have a market and settlement price - iNAV.
🔴The estimated price is the value of all assets included in one share of the ETF. It can be viewed on the fund's website and the stock exchange.
🔴The market price depends on the supply and demand in the market and differs from the estimated price. It is not profitable for the Fund that the difference between them is too large, otherwise, investors will not buy shares. The market maker makes sure that the price on the stock exchange does not fluctuate much. He puts out large bids in a certain range. The current market price of the fund's shares can be viewed on the stock exchange or in the terminal.
🔴ETFs are a convenient and simple solution for investors who want to get "all in one". For example, they do not want to make a portfolio with their own hands or buy index assets separately. This tool is easy to buy and sell at any time. We can say that an ETF is trust management without red tape with documents and time limits.
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LINK - is ready to build this Cup and Handle?BYBIT:LINKUSDT
1H trend chart
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LINK has a potential Cup and Handle formation on 1H.
If price can overcome the downtrend line, this pattern will be completed, and trading strategy as below.
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Profit Targets:
a) 17.889----Fib(1)
b) 18.278~18.435----Fib(1.272~1.382)
c) 18.773----Fib(1.618)
Stop losses:
a) 16.712----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
BTC - Entry timing from this bullish signalBYBIT:BTCUSDT
4H trend chart
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Key Resistance for BTC
1) 39000-----Tops of triangle(mentioned in last post)
2) Long-term downtrend line from ATH
BTC is approaching to them now.
These two resistance can be combined as a key level, needed to be overcame for BTC to go back to bullish path.
If it can break out the resistance, trading strategy as below.
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Profit Targets:
a) 39661~40221.5----Fib(1.272~1.382)
b) 40795----Fib(1.618)
c) 42047.5----Fib(2)
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
⭐ THE HOLY GRAIL💥 There are varying concepts, strategies and ideas regarding trading. The primary objective is to stay profitable no matter the kind of strategy you use.
💥 Ironically some traders have this idea that there's one strategy that stands out amongst every other one out there. In my opinion, that's BS.
💥Anything and everything works in the market as long as it is back-tested with proven returns. Even the basic Support and Resistance can outperform the most sophisticated strategy if used properly by the trader with consistency and proper risk management.
💥 Every strategy out there has flaws and cannot guaranty 100 percent success rate. There will be losses and inadequacy with every given strategy out there.
***There's NO HOLY GRAIL in trading. Find that strategy that is in line with your trading style. Back test to measure the success rate, if good enough, stick to it and remain consistent with it.
Sage Trader's Nugget
GALA - Good entry timing and TP/SLBYBIT:GALAUSDT
1H trend chart
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GALA broke out the downtrend line on 1H, and retested it before.
It's kind of support transformation from resistance.
Also, there is a potential double bottom formation, so we can take entry here with trading strategy as below.
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Profit Targets:
a) 0.21050----Fib(1)
b) 0.21925~0.22279----Fib(1.272~1.382)
c) 0.23037----Fib(2)
Stop losses:
a) 0.17948----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
BTC - Buy it when the pattern formedBYBIT:BTCUSDT
4H trend chart
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BTC is forming a potential double bottom on 4H.
Resistance will be 38769, pattern will complete once price break out it.
If BTC can take out the resistance, trading strategy as below.
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Profit Targets:
a) 39661~40221.5----Fib(1.272~1.382)
b) 40795----Fib(1.618)
c) 42047.5----Fib(2)
Stop losses:
a) 36632----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!