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Another symmetrical triangle is developing on the BTCUSD chart. It was few days ago when I took a losing trade on a similar triangle breakout. I m completely fine taking short trades like this especially if the risk reward is so nice (last time it was 2.5:1) and the overall trend lines up with my trade. I d love to see a breakout to the DOWNSIDE since the overall...

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Here is a classic chart pattern for BTCUSD. I might missed the entry for few $ but you could still trade the retest or use it as an entry for the continuation of the trend with lower targets Entry 6600 Stop loss 6850 Target 6060$

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Interesting spot on the BTCUSD chart. - Yesterday daily candle had a small body and long wick, almost a shooting star candle. - Today we had a higher daily low already. - On the smaller 6h chart we a double bottom and there RSI bullish divergence. - Last thing to mention. The move from 7750 to 7000$ was violent and fast. Usually this type of moves tend to...

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Looking at the IOTBTC chart, I noticed that the price is under 2 important points of resistance. - The previous support which acts now as resistance at 0.000159-0.000165 - The Death cross (50MA crossing the 200MA) is just above the resistance Also I have to mention that I do not trade the death cross sell signals blindly. This time I like very much the fact that...

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We could draw several trendlines to BTCUSD. All of them seem to be already broken. This trendline is the last left to be broken in my analysis. If we get a daily close below 7600, then the breakout is valid and we should expect lower prices into the next few weeks. Also the monthly candle is extremely bearish right now, and the month is almost over. It seems...

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Falling wedge breakout in play Entry 8050 Stop loss 7700 Target 8500

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Looking at BTCUSD chart I can clearly see an area where it is very likely to see a reversal. This is the zone 8400-7600. Few intersting points to watch in that zone: 1) Bullish Gartley pattern completion at 8200$ (+3) 2) Major daily support level (previous highs) (+2) 3) Harmonic move completion AB=CD (+2) 4) Fib Ratio Confluence (1.272 Fib...

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Watch for breakout of the triangle

topvaluestaking Updated 

Bullish cypher setup here. Entry point 10090$ Stop loss 9020$ Target 1 11200$ (50% of the position) Target 2 11900$ (50% of the position) If target 1 is reached I will move the stop loss of the rest 50% of my position to breakeven. You can also use this entry as a more longterm trade.

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Hello traders, I d like to share with you few interesting things to watch at BTCUSD in case you are looking to go short. So trying to build a case for entry, we have the following: - Major resistance zone 4350-4450$ - Bear Cypher pattern with completion point at 4385$ - H4 RSI bearish divergence Trade setup Entry : 4385$ Stop loss: 4468$ Target : 4150$ You...

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Hello traders, We have a long setup on BTCEUR around at 3240-3300 As you can see on the chart we have an area where price action is likely to reverse. On this area we have... - Major support - AB=CD harmonic move - Fib Ratio confluence (Fib ext 127.2% + Fib inversion 141.4%) - Bullish Gartley pattern completion For CTS traders this should be a score of 7-8...

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Hello traders, Technical analysis on the BTC monthly charts shows that we are on an extreme overbought level which has happened only twice in the past. RSI of previous month closed at 97.6 and BTC all time highs are near to 4900$ level. Compared to the past this has happened only twice: 1st time: April 2013 / RSI close=98.7 / Highs=260$ / Retracement low= 64$...

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Fib Inversion Trade: We have few things showing that we reached a reversal point of high probability - Ratio confluence Fib Ret 78.6 Fib Ext 127.2 Fib inv 161.8 (last downtrend move on h1 chart) - Rsi Overbought - 2 Resistance levels above - Higher time frame downtrending - Reversal candle formation almost completed

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Trying to make a longterm forecast for the USDJPY. There are few signs that we might should expect a reversal here, despite the bearish channel. So beginning a top down analysis from the longterm charts to the shorterm we got : Monthly chart 1) 50% Fib Retracement level reached but not violated. 2) 3 big monthly spikes in a row !!. Sign that this level is...

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Bullish Cypher Strategy Stop at 1.44789 Limit 1 at 1.46853 Limit 2 at 1.47749

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Looking to go long on USDJPY using the 2618 strategy combined with few more things. Building a case for entry - RSI Bullish Divergence - Fib ret 88.6% (61.8% did not kept the price above but 2618 strategy is still valid) - Weekly Fib ret 50% - Stochastic Oversold (ready to give a long signal) - Wait for daily higher high as price confirmation in order to get long

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Continuation trend setup - 2 Fib levels 61.8% + 50% - Previous support level - Possible RSI overbought Extended targets at 127.2 Fib Ext

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Simple continuation trend setup - Previous Resistances now possible support levels - Fib level 61.8 Extended targets at 127.2 Fib Ext