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Breakout-trading

/ES bearish outlook - 4 hour short termSame story as the SPY... Looks bearish to me for the short term. It looks like we might move lower from here and test the bottom of the consolidation, then bounce back up to retest the top (red arrow). Or, we might FINALLY breakthrough the bottom and retest the lows from a couple weeks ago (other red arrow). Either way, until something solid happens with the trade war, in a positive way, I have a bear bias for the S&P. If we can break through this consolidation to the down side, I will then look to add to my short position all the way to the low from August 5. Then, I will keep my eyes open and look for a break and close below that, because then the bottom will drop out. However, if we end up breaking consolidation to the upside, I will look to ride it all the way to the all-time highs. At that point, I would be cautious and looking for a double top. Again, if we break and close above the all-time high, I will probably go long until there's a reason not to, lol.
CME_MINI:ES1!Short
by Bankuur
BTC breakout incoming!Hello Traders, Today’s chart will be an update on BTC’s recent price developments on the hourly chart Points to consider, - Support is at the .618 Fibonacci - Resistance is at the .50 Fibonacci - RSI is respecting the trend line - EMA’s acting as resistance but looks weak - Volume below average - Equilibrium playing out BTC is approaching decision time on the smaller timeframe, which will dictate where the overall trend is headed. Price has respected the .618 Fibonacci multiple times, with the downwards sloping trend line proving resistance; price is forced into a smaller equilibrium. Volume is way below average and with the EMA’s giving price resistance we are bound to see a break in price. The overall trend is still quite bearish with consecutive higher lows, however we could see a potential macro higher high if price where to break bullish… What are your thoughts? Please leave a like and comment, And remember ‘’No one strategy is correct all the time’’.- John Paulson
BYBIT:BTCUSD.P
by The_Alchemist_Trader_
RIPPLE - HOW TO: Analyse this market!Hello dear traders and community! HOW TO: analyse this bullish market! With the example XRPUSD. In my analysis i detected several bullish factors for XRPUSD to skyrocket soon. In my analysis you see this long black parallel channel. XRPUSD kept in the channel for almost 462 days till it broke out on 14th may 2019 with a big green shooting star candle. You can see this breakout clearly on the chart. There are several other excelent factors which make it clear that XRPUSD is definitely a possible trade on the LONG side. In my chart provided you can see this big green descending wedge formed before the breakout of the black parallel channel. It almost perfectly broke out and confirmed together. After the breakout XRPUSD formed another symmetrical triangle, which you can see in black on my chart. This triangle is about to confirm now. The target zone of the big green triangle is at 0.57 - 0.58 USD but there are several other factors which make it highly possible for XRPUSD to rise higher, at least to 0.9 USD (target of the parallel channel with price projection). From there we can get a pullback to the 0.735 - 0.74 USD range which you see in my chart. There are two ways after this pull-back, XRP can fall down and reverse the bullish trend or it will continue the uptrend to the 61.8 % retracement (you see it in blue on my chart). A LONG position can be opened in the 0.46 - 0.47 range with aggressive entry (stop-loss at 0.4 - 0.41), a conservative approach would be to wait until some green bullish candles confirm a further uptrend. Always wait for confirmation to come! Patience is a must-have in the mindset of a good trader! While other coins are in strong uptrends, XRPUSD has definitely some more potential to rise. You can see it crearly in my chart. There are some other fundamental news which confirming bullish price actions for XRPUSD, normally i dont trade fundamental news. I use my technical indicators to observe further price actions. But this partnership with Moneygram is definitely an interesting story and a factor to look at. Thanks everybody for watching my chart, i hope everybody enjoyed this analysis i am here to provide you with the best information possible! Of course this is just a evaluation of the current market situation and this evaluation should not be used to buy or sell, only for educational purposes! BIG SHOUTOUT to the crypto community! Peace and love to everybody! Have a nice day and week, thank you!
BITFINEX:XRPUSDLong
by VincePrince
1
Ascending Triangle Formation On NZD/CADHello Traders. I present to you another tactical trading Tuesday. This time we are looking into two long positions both into a trend continuation bias. The order levels are plotted on two consecutive trades based around the 4h trend line as well as the S/R levels around said trend line. Any deviation from these projections will deem these entry levels invalidated and consequently cancelling all trading. Stops are in place as per usual based around S/R levels as well. Trade safe, Trade well.
Long
by fromzerotospyro
Ripple | Possible Breakout Coming Up [XRP/BTC]XRP/BTC has an established downward trendline since 20 April '18. Right now, we can see that the candles squeeze into the resistance. We can also see some bullish divergence on the 4h RSI, but I don't give that too much credit during a bear market. If the trendline breaks, it might still be a really good setup for a Long. I personally wouldn't anticipate the breakout. The resistance around the downward trendline seems pretty strong. An entry at support with a stop right below it would be a great risk/reward setup though. If the market doesn't go that low, rather wait for a break of resistance and enter on the pullback or the re-test of the broken trendline. Like almost every other coin right now, the fate of Ripple lies in the hands of BTC.
Long
by REKTCryptoTrader
BTC Bottomed?! - A Tale of Bullish Bear Pennants BTCUSD Bitcoin's bottom to top increase in February was approximately 96% and was 55% in April/May (ratio approx. 1.7:1). In early April Bitcoin found strong support in the low-mid $6000 region forming what looked like a traditional bear pennant but eventually broke the upside with relatively confident momentum. We now find ourselves, presently, back in the $6000 region forming what looks like another traditional bearish pennant. However, history tends to repeat itself and the pennant has formed proportionally in the 1.7:1 ratio compared to the last pennant. Therefore, I expect BTC to break the upside of this pennant and, in turn, out of the overall bearish trend. I wouldn't be surprised to see BTC heading to test the May high of around $10,000 soon.
BITFINEX:BTCUSDLong
by CryptoC4rl
Bitcoin will explode - EMA crossing strategyHello everyone and welcome to this analysis on BTC. On this analysis I will use the EMA crossing strategy on the daily chart. Reminder on EMA crossing strategy: -RSI under 70 -EMA 26 crosses EMA 52 -Low volume on MACD (optional) - daily chart (for 12-17% gains) -4 hours chart (for 4%-10% gains) -1 hour chart (for 3%-6% gains) Let's jump right into it. As you can see, the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has crossed the EMA 52, but has not yet started the breakout that we are here to catch. Furthermore, BTC just broke out of the symmetrical triangle (drawn in blue) and has closed its daily candle above it which is a bullish indicator. To support the bullish momentum, you can see that BTC's price action has been bouncing off the edge of the ascending channel and now is trading in the middle of it. It is noteworthy to add that, BTC is ABOVE the EMA 52 which means that the we are likely to be in an upward momentum. To confirm the potential run up, BTC will potentially touch the upper edge of the triangle to retest it before going to the upside. A conservative approach would be to wait until BTC confirms that the upper edge of the triangle is indeed a newfound support. An aggressive approach would be to enter at market now in order to avoid a potential breakout. I do believe we will see a big price spike to the upside in the coming days. I would suggest to set your take profit at around 11.5K which represent the first strong resistance that we will be seeing. Happy trading! **This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
BITFINEX:BTCUSDLong
by SamLazno
#BTC Volume Analysis Prediction 03/12/2018Hi, friends. What to expect from bitcoin now? Let's found out. On the chart, I marked zones of trend movements. I indicated which trends are still relevant, and which are not. For further growth, the price must break out and holds above 10000. For buyers, it's very important now not to fall below 8300. If the price breaks down 8300-8350 and holds below, we will see a fall wave into the area 6000-6500. Glossary of terms Point of Control (P O C) – The price level for the time period with the highest traded volume . Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. Balance - Accumulation Area. F L - flat level. T L - trend level. Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
by mooncatcherpro
WAVES breakoutWAVESBTC is breaking out on multiple time frames. In this chart I am looking at the 30 minute for a quicker understanding of what the market is doing. As of right now we broke out of the bullflag but seem to be loosing some momentum. With that being said I can still see potential in swing trading because its looking like we may come down and check support. Short term target will be right around the 0.382 FIB range market on chart by green box. I wont be selling here as I like waves long term but this is mostly TA not FA. Anyway let me know what you think I appreciate you taking the time to check this out. I will update this post on entries if I do indeed make one. Thanks guys have a good day.
WLong
by LuisSustaita