Price moved in 3 long body 15m candles from 2460. to 2887. - needed to rest. Price far away from ma's, needed to center back toward 50 sma. Macd was far away from 0 level line indicating possible short pull back coming. I will switch to a 5m chart to watch for the right pull back. 5m pull backs can be powerful because they can retrace back a lot of price. I...
Best Range Trading Strategy is...? My preference is find the support/resistance levels and enter their breakouts with the break-hook-go strategy on the 15m chart. I also watch the Macd for direction, pullbacks, & momentum moves. What is your Range Trading Strategy - share with us in the comments below.
Price is inside the inner Bollinger Band Dev. 1 bands. Possibly heading to 20 sma center line @ 2200.00. Then to lower BB Dev.1 band @ 1600.00 Be prepared if Market Markers search for more sellers and take price up first.
It seems that we are in consolidation period. We also may have touched elliot 4, but we may still test previous wave top (even that on Finex it already touched). It should retest 4h Ichimoku cloud. 1d MACD and 1h Stoch RSI look good. XRP also looks to be forming a pennant
ETCUSD 1H Long Trade - WHY? Higher Highs Higher Lows Pullback pending on Macd & RSI Price at resistance zone making ascending triangle Let us know how you would trade this chart pattern
Take a short scenic route to some profits. Why a long trade? Higher lows developed. Price has been away from the 50 sma for awhile. Macd has crossed above the red signal line. Watch pullback back to between 38.2% and 61.8% fibs then long. Take Profit at the 50 sma. Confluence with 127.2% fib line. Tell us how you would trade this pair!
On related link post below Pair did break long and hit the Previous High Target Price Then price reversed back through the triangle and found support at a previous swing low. Pair broke out of the support level with a bearish continuation move to the previous major swing low hitting the last target profit level. Next update will be to see if the bearish move...
Enter on a 15m break-hook-go of the Triangle Trendline. Take Profit Long -27.2% @ 46.25 Take Profit Short 100% @ 31.04
BCHUSD 4H FALLING Price is falling back to the home base by the ma's because... Price was stretched far away from ma's. MACD was stretched far away from 0 level line. MACD has crossed below Red signal line indicating possible new direction. Close trade if MACD crosses above Red signal line. Let us know what your ideas are on this pair in the comments.
Yes henlo MM I trade when brake pennant make me rich MM thanks you Shout out to Peter L
OK. I think most of you know well what is my idea when you look into chart, but I must describe a little. Rules: 1. Lines are not accurate, because we don't need precision to show general idea of this fractal 2. I use Bitfinex 1d but I'm almost sure similar patterns cn be presented on Okcoin chart 3. I'm not sure it will go down, but whole fractal is pretty...
We're nearing the end of the month long consolidation. 2 key trades: Entry here with stop loss at $400/$381, with take profit target at $467 and $666 (0.5 fib retracement from $1000 peak) $400 is a pretty important support here, if it does break we could expect as low as $315 re-test. However I do have a bullish bias here with blocks halving soon. You...