Hi Traders! Today, we look again at bitcoin, but in a shorter time frame. We see an essential zone that can decide on further developments. On 17.12.19 we witnessed another "LOW". We're currently in the channel and have completed waves A and B. At this point we're already in wave C and there's no doubt that bitcoin has started a new cycle. Each new cycle...
as seen in the chart above, the BTC is forming a cup and handle chart pattern, as soon as price breaks above 8900 and closes the daily candle there (or 2 4H candles) it will continue the flight to hit 10000 and 10800 as I mentioned here before: as for me in in the move from the bullish engulfing candles which retested the broken trendline Don't forget to...
write AND share you thoughts in the comment below :)
On 4h chart BTC looks bearish for now and goes to 7k-7200 bottom region approximately. I guess we will see LONG from this area up to +1000$ and 8200$ target.
I have analysed a potential Double Bottom setup on the NZD/USD 1 Hour chart. I have setup a long position which I will take if the market follows the appropriate setup. The trade has a reward of 16.75% and a risk of 3.03%. Risk reward is 1 : 5.5. I am newer to trading and am still learning so would appreciate and feedback on this analysis. Thanks
EUR/USD made a ABC correction which turned a little bit bigger than previously thought however setup ist still in tact like analyzed before and ABC correction with looks like to playing out as bullflag could now be finished with the bigger direction resuming.
I´m waiting for a break & pullback. Do not just enter the trade. Wait for PRICE ACTION or FAKE OUT.
Against the immediate trend but looks a good opp. to go for a long and hold. Has potential.
One more example of long setup 25x25x25x25 and all orders 2x total with targets and SL in case of Armageddon and 2k drop in one 1 min wick. ! If you have any questions please join our discord community discordapp.com or follow us on twitter twitter.com
One more example of long setup 10x10x10x10 and all orders 2x total with targets No SL needed full control. If you have any questions please join our discord community discordapp.com or follow us on twitter twitter.com
One more example of long setup 50x25x10x5 and all orders 2x total with targets No SL needed full control. If you have any questions please join our discord community discordapp.com or follow us on twitter twitter.com
4H CHART EXPLANATION: On the 4H chart, we observe that price broke the channel that was against the bottom of the Major channel. Now, trying to break the Resistance Zone, we are waiting for a consolidation like a continuation pattern to place long entries here. The main target would be the Broken Daily Trendline. DAILY CHART ANALYSIS:
Hi! Nano shows us some good trading opportunities. While Bitcoin is piling to the next highs. The altcoins seem to be looking for a good breather, on the daily chart, analyzing the RSI indicator it is possible to notice that the Nano made a low while the RSI indicates a bullish divergence. Based on this information, a reversal can be considered. In the 4hrs...
AUD/JPY has formed a bullish momentum divergence at a long-term support/resistance zone (defined by my algo - see Related Ideas for more info). Short-term support is in the 71.50 area - so look for a retest of that level. It could be a good entry point. Short-term resistance is in the 72.30 area. Once that level is cleared there's not much until we start hitting...
This is a swing trade. It will probably take around 40 days to play out. Entry: 108.20 Stop: 101.30 Size: 1 contract Target: 130.38 RR: 3.21
For the harmonic traders we are forming an ABCD patter with the potential entry point being the 0.618 Fib level coming down from a zig-zag correction for the Wave traders. As a target area I am measuring the A-D leg and using the Fib levels from those 2 swing points. Stay tuned for the updates! Follow and leave a like if you liked this idea and want to see more! :)
Looking for GJ to stay within pattern and make a move back to 140