STRAT / BTC Worth Watching! Could see movement soon! $$STRATIS / BITCOIN
Strat has moved up and retraced nicely to area of confluence including the 0.0008138 Support level (Red Line), the trendline (Light Blue angled line) and 61.8 Fib retracement. At this point (The pink Circle) it has bounced and looks set for a good move up.
Price has then hit the 3 EMA’s 20 (Blue), 50 (Red) and 200 (Green) which are grouped quite closely and are offering short term Resistance as price bounces down of them. We may spend a few days bouncing between them and ranging here (The Blue Box).
What we are looking for is a break out from this region. We can trade the first bar which closes above the 200ema and 0.00101 resistance (Black Line), or wait and look for another classic ABC. Where price Advances through the ema and level, pulls back to it, and then Continues in our direction. That would be my preference.
Levels going up are 0.00120 for first target, and then to 0.00151.
To make dollars our decisions need to make sense. We want to wait for the break out here, and preferably the retest. We don’t want to get caught in the consolidation in the blue box.
Enjoy the trade, I will make sure to keep this updated, feel free to like and follow if you found this information useful.
Comment below with any coins you would like an analysis on and the most commented coin I will provide and publish a TA.
Learntotrade
IOTA/BTC Binance TA for beginners. EnjoyHello Traders,
A follower has asked for a simple TA on this pair so I have kept this as simple as I can.
The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows.
When we have lower highs, and the same Lows it suggests eventually we will run out of buyers at the level of the lows and price will break down. We are looking for a break down on this pair unless we see a Higher High (Price puts in a new high price, that is higher than a previous cycles High).
So price means our bias is short, or to sell.
MY other concern is Volume, a number of these pairs are seeing volume drop and eventually volume creates the demand to move price. When volume is down price can spike on small transactions making trading messy.
To Trade this I would want to see price Advance down through the support (Black Line), and then pull back up to the black line, I can then enter short or wait for bar to move down and sell the bottom of that.
I am trying to keep this simple to follow, if you have any questions please ask them and I will try and clarify them for you.
Always remember if you want to make dollars your decisions need to make sense. You need to take your time with this one, wait for a clear entry or keep your money.
Feel free to follow if this was helpful to assist your trading.
ETHEREUM MUST SEE & READ! REAL POSITION! (Great for beginners) ETH/BTC
This is good for beginners and even the experienced trader!
Don’t buy the dummy, Don’t be the dummy as BITFINEX ETH/BTC volume drops.
The chart shows a nice uptrend with price back and testing the 20 day moving average. In most circumstances a clear buy opportunity but there are a couple of warning signs for the inexperienced trader here.
1/ Note the consistent drop of volume, the lower the volume the more likely false break outs caused by a small number of market participants having more influence than they do in higher volume markets.
2/ Our Triangle is a perfect indecision shape and shows a market not clear whats next (Many BTC Charts showing uncertainty, we will clear this up in another post). Triangles often break about 2/3 of the way in so we arewell due a break out.
3/ While our trend is up we have entered the triangle from above and this makes a case for the breakout to be short, we have a long trend so an unclear picture.
The 3 points above make this market not clear for us, and we need to be cautious.
There is a break out not far away, I will stay out of the first leg in case the low volume creates a False breakout and traps traders on the wrong side of the market.
I will wait for a pullback (preferably to the triangle), and a bounce back in the direction of the first move. I am looking for a simple ABC (Price Advances, comes Back, Continues in the original direction), combined with a rise in Volume.
Long is my bias but I will let price lead me in either direction here. If I get my scenario in either direction I will be prepared to trade in that direction.
By staying out of the first leg of the move I do risk missing the move, but I also miss the high probability of a false break and losses. I hate losses.
Remember to make Dollars your decisions need to make Sense, stay calm and focused in these markets and plenty of good trades will come.
Feel free to follow me for not only analysis but I will be posting profitable trade ideas! Short, Mid & Long!
ICX/BTC BINANCE trade. IF Volume Returns WE GET GREAT RETURNS! %ICXBTC As requested by Follower, If volume returns this could be a cracker
ICXBTC got of to a positive start and rallied for mid-December to late January where it sold of aggressively for 7 days. The sell of ended at 61.8 Fib retracement (overlaid) which then saw a decisive days buying on high volume. It looked very bullish at this point but from that day price has stayed between the opening and closing day of that bar, and volume has dropped (Orange arrow).
Overall the pair still look bullish, and a buy from current levels targeting the top of the range would be a good play in decent volume. Its still a high reward to risk play with a buy at 0.000459. and a stop loss at 0.000425, with a first target of 0.000555 (lite blue line), and a second of 0.000838 (dark blue line) giving a 3-1 reward to risk ratio for TP 1, and a lot more for TP 2. It just has a bit more chance of losing on low vol.
If I brought down here I would accept the low volume makes for a higher risk trade than usual, and I would close at least 75% at the first target unless volume is lifting when you get there.
Entry BUY 0.000459
Stop Loss 0.000425
Target One 0.000555
Target Two 0.000838
Remember to make dollars your decisions need to make sense. Only follow who you trust. This is a good trade, and if volume came back, allowing you to stay in the trade longer it could become a very nice winner. If volume stays out exit more at TP1.
Please like this post if you found it helpful or profitable, for more ideas feel free to follow.
EURUSD Looks like an easy Short but all is not as it seemsMultiple areas of support beneath price make the short look as tempting as eating raw chicken.
XAUUSD Short Position Now on retracement against trendlineOn retracement against trend-line with Fibonnacci confluence.
USDZAR Potential Retest & Long Term LongCurrently on a Weekly retest, will be expecting a Long trade once we get the reversal pattern completion. Currently in a Short down to bottom of range / Trend-line.
AUDCAD Early H&S ShoutVideo explains it but the Trendline Slash has occured RSI shows price not likely to break back through now looking for a ranged Shoulder to form within Demand & Supply.
Phase Changes & Events So at one point in this video I get a bit mixed up in my thoughts. I think most publishers would delete it and not share it; but I'm not interestedd in protecting myself. I go off on a pretty long rabbit trail about Support and Resistance areas creating the phase changes that we're looking for. It is an important concept; and I think despite me mixing myself up at one point - I think I should share it with you
I hope you feel the same way. I hope you learned something with me!
BTC accumulating or still correcting ??Just trying to test myself with trend-lines.
Constructive criticism is always appreciated.
Thumbs is this helps you in any way.
Thank You.
May the force be with you.
AUD/USD - Incoming Bears I've given out some analysis on the AUD before, explaining how the AUD is really strong and the banks are very happy at where it's currently stationed with supply & demand zones all across the price levels 0.70-0.80 within AUD/USD - Right now AUD/USD is at a significant event area, it seems to be following the drop and reverse ratio perfectly.
The price is currently at a significant event area which is also located within the willis zone, that's two confluences, we've also got a price action on the 4-hourly, a huge pin bar rejection.
3 Confluences - Following The Trend - Erase the emotions and take it short with risk managed.
USD/JPY - Aggressive 6H Entry (Trend-Change)USD/JPY - Aggressive 6H Entry (Trend-Change)
@: 113.692
S/L: 114.445 (-75.3 PIPS)
T/P: 112.130 (+156.2 PIPS)
Risk:Reward: 2:12-1
ENTRY: We have seen our 6H candle close -BELOW- our major trend-line indicating a trend-change. As well as our 8H and 1D candles of closed -BELOW- as well. We are looking to potentially reach our Minor Support of 112.130 area.
S/L: We placed our Stop +10 PIPS above our Minor Resistance area of 114.355.
EXTRA: Usually at this time of day the market can be kinda slow, and we can see a potential draw-down. However; we don't have anything to worry about. If price were to manage to get hit, we will possibly we in a trend-change to the upside and recover our loss if that were to happen.
*This is NOT a signal, we are NOT responsible for any type of losses you may encounter. For inquiries on our Advance Training please email us at TheForexClubFX@gmail.com
UJ Week OutlookAnticipating UJ to AT-LEAST retest structure highs. We are nearing a solid resistance level, so we may see a rollover when we hit that level, OR if we continue, I anticipate the 1.414 expansion which is also the next highest structure level.
Trade 3 Eur/Pound short closed and looking to reneter higher So in this market : the market was flat lining a bit and I wanted to start fresh for this week so I closed my trade in profit of 40 plus pips and now looking at this pair making a higher correction where I will look to sell this pair again .
Points: this pair does move and with the right stop loss and supply and demand strategy along with trading psychology strategy along with money management.
Talking about money management I am culprit for this by over exposure and over leverage so my goal for myself is trade on any trade 1% of my account and max trade only 5 percent of my account with a draw down of 10% of total profits earned from the previous trading week. If I blow more than 10 percent of my profits I will close out of the market and stop trading and do something fun and creative .
Kris
www.mymentortv.com
EUR USD Daily Analysis We are going down for the time being Hi everyone
Eur usd from analysis on the break of lower low and pitchfork lines has shown me we are going down so my if then statement is as such: If this market continues to take out the previous buyers going down then I will set my tp to either the first tp or second depending on how deep we go in the market: I am looking for the euro usd to keep going back up long term trend is bullish but this is a little pit stop to get on that way up
your friend Kris
any comments or ideas on pairs you want me to look at let me know
www.mymentortv.com
Pound Yen Analysis We are going down Good evening everyone
From what I see if this top area holds , sellers will be in play as we have been creeping down slowly with higher lows and lower highs. My analysis is if the market breaks to make new lower lows then I will expect the market to at least hit my first tp and if the market breaks down further the other tps maybe hit in the process.
your friend Kris
www.mymentortv.com
BEING PROFITABLE? AN EXAMPLE WITH TWO INDICATORSThis graphical example shows how it is possible to make pips in the market every single day when you have a few powerful indicators which you tested over time.
On the BTCUSD there were 1500+ pips to be made in the last 3 weeks.
GBPJPY - Approaching a level of interest for potential longs After a bit of a funky false breakout the GBPJPY has finally started to retrace & now is approaching a level that's on my radar for a potential buying opportunity.
Akil
EURGBP - Consolidation Lead to Expansion The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is
IF Price action breakouts out to the ___ side
THEN where is it likely to continue to.
Doing so will allow me to see if there is enough potential profit (with limited risk of course) to create a trading opportunity.
This pattern formation is called a bearish flag and it traditionally breaks out to the downside. However, because the consolidation occurs at a previous level of structure, I's fair game either way in my opinion.
Akil
"Today is the start of our busy news cycle. Be safe out there traders!"
NZD/JPY - Short-Term-Trade - Aggressive Trend Line Rejection As posted earlier we were seeing a potential down-side for this pair. As of right now we will have a total of 2 active entries (Medium and Short). We will be looking to add another position at the close of the 4H candle, if it ends up being a bearish candle. Our T/P is roughly set between our Monthly Support and our -27.20% Fibonacci Area.
If this becomes a losing trade and we see price closing -ABOVE- our trend-lines we will be looking for new entries. Ideas will be posted here as well in a our Telegram Channel.
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com
NOTE: We are currently holding a end of the month promotion. For more information please email us.
XAU/USD (Medium-Term-Trade) - Market Update - Upon Request I hardly trade this pair anymore. Despite paying well as of right now I've been taking a small break from this pair. Anyways; the main question is. What should we be expecting for this pair?
Well on our 8H chart; we have actually closed well -BELOW- our Trend-Line. We should be expecting a push to roughly around 1275.00. As of right now on both Short-Term and Medium-Term-Trades the overall bias is a down-trend.
My strong recommendation is that if you are in a -SELL- I would recommend you hold this trade to potential 1275.00 (Keep in mind we have a LOT of high impact news tomorrow which could affect this pair so take your precaution).
If you are in a -BUY-; at least for the way how I trade; I don't see any -BUY- opportunities as of right now. We could go into a bullish movement later today but we are kinda far away from that happening.
If you aren't in ANY trades you should mainly be waiting for a pull-back. Entering right now without any type of analysis or strategy is pretty much gambling and is a clear indication of over-trading. So be VERY careful with that.
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFX@gmail.com
NOTE: We are currently holding a end of the month promotion. For more information please email us.
