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EURUSD in channel resistance rangeHello friends The EURUSD currency pair has reached the ceiling in the channel resistance range and you can take a sell position at this price. The stop loss if the price stabilizes above the trend line in the 4h time frame is in the price range of 1.16900 The take profit is in the channel bottom range in the price range of 1.14800 Dear traders, please do not forget about capital management, risk management and adherence to the stop loss. When the price reaches the target, the update for this currency pair will be posted again, so follow me to be informed about low-risk and successful trading ranges and be the first to know I hope you are profitable.
Short
by morteza_javidi
BTCUSD: Watching for the Dip and Bounce to the Trend LineHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis From a broader perspective, the price of Bitcoin is currently consolidating within a large Range, just below a major descending Trend Line. This indicates a period of balance and energy build-up after a significant prior move. Currently, the price is in a corrective pullback within this Range. It is heading towards the lower support levels, a key area where buyers have previously shown strength and absorbed selling pressure. My Scenario & Strategy My scenario is built on the idea that this consolidation is a bullish accumulation phase. I think that before the main rally continues, the market will make a small corrective movement down to test the Support zone. I'm looking for a confirmed bounce from this Support zone around the 109000 level. This would be the key signal that the pullback is over and that buyers are ready to take control for a move towards the upper boundary of the consolidation. Therefore, the strategy is to watch for this bounce. A successful rebound would validate the long scenario. The primary target for the subsequent rally is the 115500 trend line at the top of the Range. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDLong
by Ratner
5
LTC breakout, buying opportunity potentialLittle more than a few days ago I posted a very similar breakout for XRP. The market answered and we sore some parabolic upward lunges. LTC has been slow to react to the overall bullish sentiment within the market. But as before, I've been monitoring it closely and awaiting a potential buy signal. Today, it looks as though there is an event, MACD and volume breakout to give us a very strong buying signal. I just wonder if we'll see the types of lunges we saw with XRP and whether this overall trend line breakout and orgasmic upward lunge that we saw with XRP will be typical with other coins. Perhaps LTC is next? I'm on the train, let's put it that way. Follow for more.
BITFINEX:LTCUSDLong
by cryptechcapital
4
BTC, could it be that simple?We've seen a surge of BTC of late, and a wonderful popcorn affect of a large number of ALTs, including some lesser known one. The upper trend line could act as resistance for BTC pushing it down slightly to complete wave 4 of 5. Not forgetting that this is only wave ONE of 5 of the highest degree of trend. So, we still have 2,3,4 and 5 to go to the upside. Forewarned, there may well be a little bump down as we buffet against the upper trend line but what goes down, must go up! Follow for more.
by cryptechcapital
1
(BTC) bitcoin "support & resistance"BTC chart view using RSI support & resistance combined indicator by DGT appears to show a new support price line very near where the price is now. Before this time and the last few days there was nothing but resistance lines for days, months even. The red line basically supplants the fact that there is a new established level to determine where the price may increase from. Typically there can be fears to seeing this line if the investment does not break from the pattern line and rise above. With BTC because the value is so large at over $1.4 trillion USD I'm not sure what to think other than that it's literally making a statement that says BTC is reaching a level of maximum sales and profit buying from investors where the counterbalance is beginning to favor on the side of selling.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
Bitcoin can exit from pennant and continue grow to 45400 levelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few time ago declined to the 41400 support level, where it turned around and started to rise inside the upward channel. In the channel, BTC rose to a 45400 resistance level, which coincided with the seller zone and soon broke this level. Price rose a little higher, after which it exited from the channel, entered to pennant, and at once made a downward impulse from the resistance line to the support level, thereby breaking the 45400 level one more time. Next, BTC some time traded near the 41400 support level, and later it declined to support line of the pennant, breaking the support level, but soon price turned around and in a short time rose back. Also recently BTC rose to the resistance line of the pennant, where it continues to trades near now. So, in my mind, Bitcoin can break the resistance line, thereby exiting from the pennant, make a retest, and then rebound up to the resistance level, or after the breakout of the resistance line, BTC will at once continue to move up to the resistance level. For this reason, I set my target at the 45400 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
Enormous Descending Wedge on SPY Happy Saturday Ladies and Gents! As with any other previous posts of mine I like to begin with letting everyone know I am not a professional trader, lol. I'm just a dude who likes to look at charts. I'm really just thinking out loud. Some how my kids aren't attacking me and I'm able to calmly and thoughtfully look at the charts, lol. A few things to note before you read my thoughts on the SPY’s future price movements. • I am not factoring in any economic data or potential rate hikes/cuts. This is strictly price action TA – which as you all know is just one piece of the puzzle. There are many different variables the can influence price action – I am just looking at one here. • Consider that this is a longer-term outlook on the SPY. I believe this likely plays out over the next 2 – 3 months. Late May early June is when I think we reach the target area of low $340's - to be more specific, you can see that the trendline and price intersect at exactly $339-$338. I tried to take into account the time between peaks and valleys of previous price action when drawing the projected path (in yellow) but note it's just an estimate, lol. Anyways, here we go: The price on SPY is VERY likely going to continue downward!!! We are at MINIMUM going to come down to touch that orange trend line. It's just been respected so many times in the past and we are so close to it. - it's like a magnet. Price WILL come down and tag it (maybe there will be a little consolidation before we do though) I tried toning down the opacity of all the other trend lines so that it's a bit clearer. Essentially it looks like we have formed a giant falling wedge (ultimately a bullish pattern). I mean I do think once we reach the bottom of the trendline around the $339 area, there will likely be a massive move upward and an even larger breakout of this descending wedge. FYI.... I tried thinking about time. This could happen late April to early June I'm going to zoom in and bring back into focus the other important trend lines now (specifically the orange one) It's just seen so much action - it's very likely we come down and tag it - even consolidate there for a few days or week.
AMEX:SPYShort
by DansGoneFishing
4