I show Elliott wave. Now we are in the zone of the 4th correction wave. After it we will go to the zone of the 5th wave. RSI - oversold. Bears weaken. My logic, most investors will puttheir money into BTC to get free Bitcoin Gold. November 25
Many new to trading often overlook Market Conditions when trading and investing and focus on their favorite stock or in this case coin! Many that have been trading markets for years tend to do this as well. But having gone through many market corrections, 1987, 2000, 2008 to name the majors, there were clear signs to get your trading money to the sidelines and be ...
Buy above 1.1747. Stop loss at 1.1709. Take profit at 1.1878.
Reason for the trading strategy (technically):
Price has continued to drop further as we look to buy above major support at 1.1747 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.1878 resistance (Multiple Fibonacci retracement, horizontal overlap resistance, Fibonacci ...
The price bounced from the support zone which was mentioned in the previous post about Litecoin. This zone is formed by SMA100 and 55.00 support level and it can be a starting point for a new upward movement. RSI and a reversal candlestick pattern confirm price reversal. MACD histogram supports upward movement. DMI allows opening long trades. We can buy from the ...
There are 2 Support Levels for Ripple to test (S1 and S2). At this stage this is a buying opportunity.
Now don't go all in on this as although we are still in an Uptrend we don't know if this a pullback or a start of a change in Trend if S2 breaks.
So trade prudently until we do start showing more positive structure.
When there is a setup I will post a trade, ...
Gold test 1277.87 and failed to break down
4h formed a pin bar and now the 2nd 4h candle
already break up
there for we can buy gold now :
SL 1274.80
TP1: 1286
TP2: 1294
ETHUSD Update: Price reaches the 286 support area and rejects it with an initial push back to 310. This may be the beginning of a bullish reversal formation on the larger time frame and I am WATCHING carefully for a new swing trade long.
BTC and the rest of the markets broke supports and pushed lows, which is interesting because when BTC pushes highs, these ...
Fresh supply zone ahead, possible retracement, short opportunity.
Stuff to remember:
— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further
— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly
— Check the ...
Hello traders,
I hope everyone is having a great week.
As you can see in the chart above, a classical adam and eve bearish has formed and once its activates (by breaking trendline in green) the target price is $280.
Let see how this unfolds in the next few hours.
Happy trading!
-Abdulla
Gold_ price could not climb further above the Monday peak of 1306.
If it was able to reach above 1313_ level, that would be a bullish signal by a new higher high. But rebounding from 1306 level forms another lower high.
Lower high series starting from 1357 continues, and the bias is still bearish in my opinion.
This pattern is very simple to trade and often it has a good R/R Ratio....
A SIMPLE EXAMPLE:
(Click and Play)
https://www.tradingview.com/chart/NZDUSD/9rtfmrcO-NZDUSD-MEGAPHONE-PATTERN-IN-PLAY/
R/R RATIO
https://www.tradingview.com/x/Qkwa2gEy/
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
POTBTC found support today, we can set new buy and aim for 1969 for target.
Use tight stoploss below 1077, because if this coin drop, support still far at 148
I'm not a big fan of trading XVG as it can make unforeseen moves due to the big whales playing with it (while I was monitoring).
But the latest movements show a nice pattern which could lead to a x2.
On bigger timeframe its in a pennant, forming a 5 legs pattern and now in the area to complete leg 4.
Lower timeframe is showing an ABC correction of the previous ...
Well although we touched 1277-1276 and bounced up, this is not a very promising bounce.
Good things are:
EU is heading higher today, means that even though Gold is lagging to follow, means it will follow up in few.
We broke Tendency level 1287 upwards, so even after a pullback the tendency should be up ( although at 1288 stronger level was located so it may ...
