GALA and MANA - Buy both with these TP/SL on Christmas!🎄🎁🚀GALA met 1H Vegas tunnel strategy.
MANA met 4H Vegas tunnel strategy. (at blue arrow)
Time to buy them with TP/SL as charts.
Also, 🎄Merry Christmas and hope you have a great profit here!🚀
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Tradingstrategies
DASH - TP/SL for getting rid of this trend lineBYBIT:DASHUSDT
1H trend chart
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DASH is squeezing under the downtrend line.
If price can break out the trend line, we can have a trading strategy with 2.92 R/R ratio.
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Profit Targets:
a) 162.95~167.6----Fib(1.272~1.382)
b) 177.6----Fib(1.618)
c) 193.8----Fib(2)
Stop losses:
a) 146.5-----Red horizontal ray
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SOL - Buying opportunities with these TP/SLBYBIT:SOLUSDT
1H trend chart
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SOL has built a double bottom, and retested the Fib 0.382 immediately.
Now it already took out Fib 1, and we can set a trading strategy as below.
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Profit Targets:
a) 198.465~200.435----Fib(1.272~1.382)
b) 204.650----Fib(1.618)
c) 211.480----Fib(2)
Stop losses:
a) 187.855-----Red horizontal ray
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✅ICP - Pump as prediction💥BYBIT:ICPUSDT
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Insane rocket as our analysis today.
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Next, you can move your SL upper, and hold the rest until TP3.
SL could be 24.77 or 25.57. Just take it anytime you satisfy.
Have a good day!.
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ICP - Buy it with these TP/SL BYBIT:ICPUSDT
1H trend chart
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ICP has done the inverse HS pattern on 1H.
Currently it's going to retest Fib 1 after hitting Fib 1.272
If price can get support around Fib1, trading strategy as below.
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Profit Targets:
a) 25.99----Fib(1.5)
b) 26.4----Fib(1.618)
c) 27.75----Fib(2)
Stop losses:
a) 22.95-----Red horizontal ray
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LINK - Entry timing and TargetsBYBIT:LINKUSDT
4H trend chart
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LINK has broken out the triangle.
And we can set this strategy with good R/R ratio as below.
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Profit Targets:
a) 22.521~23.170----Fib(1.272~1.382)
b) 24.561----Fib(1.618)
c) 26.813----Fib(2)
Stop losses:
a) 18.873-----Red horizontal ray
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CRO - is going to get rid of the descending tunnelBYBIT:CROUSDT
1H trend chart
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CRO is approaching to the upper downtrend line
If price can break it out, we can set a trading strategy with nice reward/risk ratio as below.
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Profit Targets:
a) 0.61405----Fib(0.618)
b) 0.69790----Fib(1)
c) 0.75760~0.78175----Fib(1.272~1.382)
Stop losses:
a) 0.50700-----Red horizontal ray
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BAT - Buying opportunity and TP/SLBYBIT:BATUSDT
1H trend chart
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BAT is going to break out the downtrend line, and the resistance(Fib 1)
If price can keep being here, trading strategy as below.
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Profit Targets:
a) 1.2165~1.2315----Fib(1.272~1.382)
b) 1.2630----Fib(1.618)
c) 11.31450----Fib(2)
Stop losses:
a) 1.1470-----Red horizontal ray
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AVAX - Great reward/risk ratio with this strategy BYBIT:AVAXUSDT
1H trend chart
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AVAX just met the condition of Vegas tunnel for entry(blue arrow).
With this scenario, our SL will be set at previous low, and can expect good targets to take profit.
Trading strategy as below.
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Profit Targets:
a) 117.36----Fib(1)
b)128.740~133.345----Fib(1.272~1.382)
c) 143.220----Fib(2)
Stop losses:
a) 101.055-----Red horizontal ray
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SAND - Possible Cup and Handle, and TP/SL BYBIT:SANDUSDT
1H trend chart
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SAND is forming a potential cup and handle pattern on 1H
We can see accumulated volume are gathered around the orange zone.
If price can take it out (Fib 1), we can have a great risk-reward ratio with trading strategy as below.
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Profit Targets:
a) 5.4476~5.5155----Fib(1.272~1.382)
b) 5.6616----Fib(1.618)
c) 5.8969----Fib(2)
Stop losses:
a) 5.0535-----Red horizontal ray
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DASH - Breakout and TP/SLBYBIT:DASHUSDT
1H trend chart
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DASH is breaking out the long-term downtrend line on 1H
If price can keep being here, trading strategy as below.
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Profit Targets:
a) 133.3~134.1----Fib(1.272~1.382)
b) 135.85----Fib(1.618)
c) 138.65----Fib(2)
Stop losses:
a) 128.30-----Red horizontal ray
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✅CRVUSDT - is surging and hit our TP2BYBIT:CRVUSDT
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CRV just pump and hit TP2 we set after a pullback.
This trading was open on Dec 16th and has good risk/reward ratio.
Next, you can move your SL upper, and hold the rest until TP3.
Just take it anytime you satisfy.
Have a good day!.
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BIT - Buying timing with good R/R ratioBYBIT:BITUSDT
1H trend chart
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BIT is going to break out the long-term downtrend line.
If price can take the line out or wait it to stand above 1.885(Fib 0.618),
we can have a great risk-reward ratio with trading strategy as below.
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Profit Targets:
a) 1.945----Blue horizontal ray
b) 2.078----Fib(1)
c) 2.215~2.271----Fib(1.272~1.382)
d) 2.389----Fib(1.618)
Stop losses:
a) 1.797-----Red horizontal ray
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LTCUSDT - Buy it after this scenarioBYBIT:LTCUSDT
1H trend chart
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LTC is approaching to its downtrend line.
If price can break out this line, trading strategy as below.
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Profit Targets:
a) 158.63----Blue horizontal ray
b) 161.86----Blue horizontal ray
c) 169.56----Fib(1)
Stop losses:
a) 151.84-----Red horizontal ray
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CRVUSDT - can Buy it with these TargetsBYBIT:CRVUSDT
1H trend chart
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CRV already broke out its short-term downtrend line
And our trading strategy as below.
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Profit Targets:
a) 3.889----Blue horizontal ray
b) 4.272----Fib(1)
c) 4.708~4.884----Fib(1.272~1.382)
Stop losses:
a) 3.542-----Red horizontal ray
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LINKUSDT - TP and SL for this breakoutBYBIT:LINKUSDT
1H trend chart
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LINK has broken out its short-term downtrend line and kept consolidating whet it was close to Fib 0.5
After squeezing and accumulating, we can follow this trading strategy as below.
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Profit Targets:
a) 20.730----Fib(0.618)
b) 22.898----Fib(1)
c) 24.442~25.066----Fib(1.272~1.382
Stop losses:
a) 18.773-----Red horizontal ray
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ETH - key level of support, judged with ETH/BTCD trend chart
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With Fib
For ETH: support area is 3495.15~3758.60
For ETH/BTC: support area is 0.073845~0.077272
With Pattern
For ETH: neckline of U pattern
For ETH/BTC: neckline of inverse head and shoulders
With Structure
For ETH: downtrend line that had been broken out
For ETH/BTC: downtrend line that had been broken out
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If ETH and ETH/BTC keep moving forward to their blue zone, respectively, we can find a proper and key point to take entry.
Because support level must show around there.
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MANAUSDT - is ready to pumpBYBIT:MANAUSDT
1H trend chart
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MANA is building a possible double bottom and already broke the trend line.
Also, neckline(orange line) is going to be taken out now.
If price can keep standing here, trading strategy as below.
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Profit Targets:
a) 3.2785~3.3035----Fib(1.272~1.382)
b) 3.3295----Fib(1.5)
c) 3.4420----Fib(2)
Stop losses:
a) 3.1020-----Red horizontal ray
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Learn Top-Down Analysis | The Best Trading Strategy 🏆
Hey traders,
🔝Top-Down analysis is one of the most efficient ways to analyze & trade different financial markets. In this post, we will discuss the time frames to watch and the main steps to go through to execute a Top-Down trading strategy properly.
Being a Top-Down trader your task is to assess the global market perspective and identify the zones, the areas from where it will be relatively safe for you to trade it following the trend or catching the reversals.
➖Weekly time frame shows you the price action during the last couple of years. It unveils the major zones of supply and demand and indicates the long-term direction of the market.
Your task is to spot these zones and underline them.
The strongest market moves most of the time initiate from these zones.
At the same time, you must remember that on a weekly time frame the market is extremely slow. Being beyond the key zones 90% of the time, it takes many weeks, even months for the market to reach them.
➖Once you completed a weekly time frame analysis,
the next on your radar is a daily time frame.
Daily time frame shows you 1-year-long price action.
It indicates a mid-term sentiment.
And again, here your task is to simply identify the market trend and underline major key levels.
*It is highly recommendable to apply different colors for highlighting weekly/daily levels.
Completing weekly/daily time frame analysis, your task is to set the alerts on at least two closest support/resistance clusters. You must patiently wait for the moment when the price reaches one of them.
Once the underlined key level is reached, you start the analysis of intraday time frames.
➖The intraday time frames on focus are 4H/1H.
Your task here is to spot the price action/candlestick patterns.
With such formations, the market unveils its reaction to the key level that it is approaching.
You are looking for a pattern that confirms the strength of the level.
Spotting the pattern you are looking for a trigger to open a trading position. Most of the time it is a breakout of a trend line or a horizontal neckline.
The breakout confirms the willingness of buyers/sellers to buy/sell from the underlined support/resistance. Only then a trading position is opened.
Of course, in practice, Top-Down analysis is very complex and many things and concepts must be learned in order to apply that strategy properly. Follow the steps described in this post, learn to identify key levels and recognize the price action patterns and you will see how efficient this strategy is.
Do you apply a Top-Down trading strategy?
❤️Please, support this idea with like and comment!❤️
SOLUSDT - TP/SL for breakout of Darvas box BYBIT:SOLUSDT
1H trend chart
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SOL is consolidating as a Darvas box so far.
Now it is trying to break out the short-term downtrend line, but might get resistance from the ceiling of box(orange area).
So we can wait it to get rid of this box, if it does, trading strategy as below.
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Profit Targets:
a) 174.475~175.330----Fib(1.272~1.382)
b) 177.160----Fib(1.618)
c) 180.130----Fib(2)
Stop losses:
a) 169.440-----Red horizontal ray
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SHIBUSDT - 3 TPs for this pumpBINANCE:SHIBUSDT
1H trend chart
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SHIB is pumping after retesting Fib 0.382 and breaking out the downtrend line.
Therefore, we can set TPs for it with Fib, trading strategy as below.
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Profit Targets:
a) 0.3878----Fib(1)
b) 0.4130~0.4232----Fib(1.272~1.382)
c) 0.445----Fib(1.618)
Stop losses:
a) 0.3377-----Red horizontal ray
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MANAUSDT - is going to pump?BYBIT:MANAUSDT
1H trend chart
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MANA had gotten resistance at Fib 0.5, but already broke it out and being support level now.
Also, it got rid of the downtrend line, and we can take entry here(with tight SL),
Another entry scenario is that wait it to retest the key level
If we open position here, trading strategy as below.
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Profit Targets:
a) 3.5681----Fib(0.5)
b) 3.89----Blue horizontal ray
Stop losses:
a) 3.310-----Red horizontal ray
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