Hi Beautiful peopleeee on the weekend!!
Looking at the Daily BATUSD chart, you can see BAT did break big red trend line to go upward. It came with strong bullish divergence on MACD and RSI as well as the price currently stay on top of 21 daily EMA which is bullish sign.
From these reasons, I see a opportunity here to go long with a tight stop loss around...
Only 1 way to get anywhere...
Time to look at some trades I posted, going to focus mostly on the exit. Most important part, that's when you make (or lose) money.
There are a couple of ideas marked "short/long" on 3D & W charts, these are not trades I took or intended on taking, it's a general bias idea.
Maybe I should not tag "long" and "short" so they are more...
Step #1 Wait for the Price to Break and close above the Ichimoku Cloud
Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend.
The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance...
Step 1 Wait for the price to touch the Lower Bollinger Band
The first element we want to see for our simple trading strategy is that we need to see price moving into oversold territory. Any swing trading strategy that works should have this element incorporated.
Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the...
Good evening traders! Bitcoin is bouncing off of $7,700 support on the weekly, holding strong so far. Interestingly, starting in August, Bitcoin is following an odd green, red, red, red pattern weekly. So far, we appear to be in a green candle. Not that I can say I have firm reason to believe this will continue, but I would be skeptical of any red candle closes...
Ranges are repeatable trading chart pattern.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Same pattern we have had on the charts for weeks now. Bulls finally lost the battle and bears took price down much lower. Those using the triangle were using stops anywhere from $9400-9500 area and as of this posting, we are down under $8700 a couple hours later. RSI on 4 hour and daily is oversold so lets see if bulls try and offer a solid bounce opportunity....
Friday was an inside day www.investopedia.com , pretty funny for most new traders who were taught that NFP day is pretty volatile and results in high range day. If there is no liquidity = price won't move.
When the U.S Job numbers came out, I projected the zone of manipulation would be around 1.10500-1.10600 price zones(@itsReal307...
As you can see with my indicator i can see the support and resistance, Bounced perfectly from LTF support and touching LTF resistance, now in consolidation.
I think a pullback before the next leg up to 11k.
Place your stop loss, if you're waiting your entry just put some orders from H4 MA20 and MA10.
At around 2 a.m. BTC bounced on lowest support triggering my stop losses.
Bought again at 9180 and fixed lower stop losses to allow higher trade margin.
Actual stop loss:
Stop - 9100
Limit - 9080
9240 (First resistance)
9315 (Possible take profit)
9515 (Possible take profit)
9800 (Target profit)