$DNA entry/exitDNA displaying a popular window of opportunity in the December period.
R: @0.098
S: @0.089 (conservative, last 4 hours of trade prior 31/12 close)
Volume still attractive.
RSI above 35 (however, capping at 70 showing overbought signals).
Conservative Strategy:
Proposed re-entry: @0.080
Proposed exit: @0.090
SL: 0.076
Aggressive Strategy:
Proposed re-entry: @0.085
Proposed exit: @0.095
SL: 0.082
Simple
EUR/USD - Long If price pulls back into the new zone I have a order set 5 pips above to ensure entry
Target Zone is a fresh zone on the 4hrs chart
The trend is your friend until the end!!We're in an uptrend on the USDCAD 4 hour currently, but are starting to reach key resistance levels.
That said - stay long until the 4 hour is properly broken and then its time for the down trend to start!!
Any trades for me will simply be in a reaction to price movement.
CDNAShort and simple pattern coming up here, 5-7% gain and with how the stock market has been I may just take it, hopefully I see a small pullback to confirm and get in on it.
SAIL upsideUpside potential is very eminent, I'm a simple man, I like my donuts glazed, my meats fully cooked, and a simple trading pattern it may be a bit early to tell but keep this on the look out, 6-10% gains
BAT Short triggeredThe market reversed since our last BAT trade, where we took good profits on the long and were looking to possibly re-enter long.. However, the indicator signalled a short setup, which triggered us into a short a few candles ago. We now have extreme overextension signals, and we're nearing and nearing a support area. Because of these two things I moved my stop to at least break-even. According to the strategy I'll move the stop down further as new signals are printed, or when a reversal candle appears.
We made good profit on the up move (see our previous BAT trade idea of how we played that), and now let's see what the market does for us.
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Stay calm, and happy trading!
Not bullish on BTC (yet..?) - Still on a daily short setupThe alt coin markets have been moving nicely, but BTC still is stuck on its short setup. This can of course change, but at the moment we’re still looking short. We’ll have to wait and see what tomorrow candle brings us, we might get triggered short if the breakout level is broken, or the short setup may be invalidated.
4HR
The 4HR triggered long at (1), reinforced position at (2) and got stopped out at (3) with a tiny 1.7% profit. Trading the 4HR chart you should not be in a trade, and either wait for the daily short to trigger, or take the 4HR long breakout (4).
If you want to try the indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
STRATBTC Bankroll Wizardry idea no.7Breakout out of descending triangle
OBV showing more buying pressure then selling as of late
strong horizontal support
Those who went long BTC? roflBTC Double tweezer top, and RSI losing strength signifies incoming DIP.
Lets see if BTC can hold on to 6.5k and lower 6k range.
Needs to break out 7k range decisively else..... IMO a bull trapSmall break out, low volume. might be a bull trap. lets wait and see. RSI shows that its overbought ( 4hourly )
Unless can make it to 0.5, $7275 range with conviction.
Original count still remains to fall to lower 5k range.
GBPUSD - Long Term Short 1HRTesting out a different strategy. Keeping an eye on this over the next day or so to see if my understanding needs a tweak.
Continued Downtrend w/ Multiple instances of correction wedges indicating the continuation of trend. News in the coming days could affect how this plays out
First BULLISH Signs on BTC since EMA crossBTC has followed its first close above the 20EMA (Dark Blue) since the 20 EMA feel below the 50 ema in late May (Yellow Vertical Line). Its confirmed the BULLISH sign with a bounce and move up providing the first real BULLISH Technical sign in some time.
The bounce not only tests the moving average but the 6595 Horizontal level and this is important for two reasons. It’s a Real Bullish sign not the imagination of some trader stuck in a historical BTC trade he is desperate to get out of the level now gives us something concrete. For now I will say above 6595 we are Neutral (Not yet Bullish) and Below it we are Bearish. It’s a level we can watch and cut out all the Bullpoop that can confuse our sentiment.
For us to start and really believe in the move we need to be a bit patient. We need a test of the 50 ema and the 6927 level (Orange). We are likely to get a pullback from there and need a higher low and then a break and close above the level on a 4H or Daily chart. Then we can start and be Bulls again.
We must always remember this is a new BTC from the old days. People who thought they were trading genius are now stuck in positions brought at 15, 18 and even 20K. They are desperate to get out and those that can still find their wallets and PW will sell into any Rally. I expect progress up to be slower, but at least we see some signs of it. The low volume weekends have been a bastion for the Bears and the current stability is another great sign for us.
Remember to make money it takes DollarsNSense. Be patient, take the trades that make sense and not those that feel right. I will be with you for the journey now, Follow me to get proper Technical analysis based on Sense and not Hype.
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EURCHFEducational purposes only.
Double confirmation on a continuation.
Closed above our triangle and also my previous analysis.
Entry and targets are as shown.
BTC simpleton/common sense viewHere we go, the 4hr candle was green and now has turned red in it's final stages. Will it continue on it's red trajectory? I believe it will and BTC could be heading to $6600 just days away now from the 6th? More to come...
Not Financial or psychological advice.
Bitcoin BTC Reversal. Simple Chart. Super simple.
Everybody is here to figure out when we will get a reversal. I have posted my simple straight forward chart showing a possibility of reversal. I will not talk about moving averages , wedges or telling you that I love you. Simple easy to read and to the point. One more thing, I will always include " might ". Nothing is for sure. Its only my opinion not financial advice.
As you can see the reversal might happen before June 12.
We might not go under 7K.
That is all. You might want to go back to work. You might put on some music. You might be productive.
Thanks for reading. I might not love you.
Pack your bags we are almost...well might be, ready to launch.
6 MAs (exponential optional)I just wanted a single application that would allow me to check/uncheck the MAs I wanted to see for various time frames. I've been using the 7 and 30 period for weekly observations of crypto and the 20,50,128 and 200 for other views such as the 20 day, 50 day, 128 day and 200 day MAs.
This allows me to open the settings and uncheck what I don't want to see and vice versa.
Stock is set to SMA but EMA can be activated by simply opening the settings and checking the box.
Simple setupPrice has respected the blue trend line perfectly 3 times and on the 3rd it has made a bullish engulfing candle stick. If you look at the 1hr time frame the price has made a flag and this could be the entry i wanted.
Multiple Moving Averages (10 Moving Averages In One)Got tired of having multiple moving average indicator on the left side of charts. Wrote this to reduce the long list of indicators on the left of the screen. Allows you to set 4 EMA and 4 Simple Moving Averages with one indicator.
Allows you to have 4 Simple Moving Averages and 4 Exponential Moving Averages with 1 indicator. Also, added a Period High simple moving average and a Period Low simple moving average.
Simple token (OST) - Getting ready to TRIPLE in May? (x3 pot.)Following some previous examples that have done very well, Simple Token seems to be heading the same direction.
We already saw it with Verge , where I highlighted the cup & handle potential, but also the sell moment (the day of its major announcement, a typical dump day).
We saw it with ICX , for which I've been on the spot for over 20 trading days (just to tell you that it makes sense to read this post :) )
We saw it with Cardano , where I called the end of the downtrend / the bottom, and the subsequent forming of the second part of the cup and handle.
I find the Simple Token case similar, but somewhat less certain of panning out as a cup & handle scenario. Nevertheless, I propose this as an idea, as I believe there is lots of upside in this fundamentally sound cryptocurrency. If it breaks resistance at 3353 sats (the 78,6% Fibonacci correction level), we'll be heading to the 61,8% level at 4776 sat, which is already 40-50% higher (roughly calculated :-) ). If we kindly continue on the cup & handle pattern, we're in for a "tripling" in May - beginning June alone. And the thing with cup and handles is, if the handle is formed, THEN the actual upward part starts.
In short: an undervalued crypto to keep an active eye on!
PS: could you gently click the thumbs up button 10 centimeters to the right of this dot: .
Simple Moving Average Set 20,50,128,200 (Exponential optional)There's similar ones out there to this. I changed the commonly used 100 to 128 since I've found it more in tune with BTCUSD
I also have the colors:
Gray for the 20 MA
Blue for the 50
Lime for the 128
Red for the 200
Stock is SMA, If you prefer to use Exponential you can check the box in the settings
...I more often use the SMA
Plenty of room for a short positionWe are in a downtrend within a larger uptrend channel, there is still plenty of room to go down a little. We need to wait for price action around the bearish upper trend line.
