I'll keep this one short. I see a good risk reward play in the XRPUSD pair.
Even played conservatively you've got a risk reward of 3:1 with a potential 23% gain.
I've drawn the bullish pennants and expect a break to the upside. The EMA's are fanning long term bullish the MACD is showing bullish divergence and the RSI has come down so there's room to run. I made...
As I said in my last post, after the 5 technical proofs of ''midterm bullishness'' I will be looking for bullish trades on BTCUSD. A symmetrical triangle is formed on the H1 chart of BTCUSD. I am looking for a breakout to the upside. Great risk/reward ration 3:1
Entry 9000-9100$ (wait for a close above the triangle)
Stop 8800$
Target 9600$
QQQ is still within the Symmetric Triangle form. If the price continue to go higher and break the triangle, market may go higher. Unfortunately, it seems like it going to take few more days to form a breakout from the Triangle.
At the meanwhile we can look at the support on 20EMA, let's see what happen on tonight forming. If the candle go below it, probably we...
This week the EUR/USD has hit a major resistance point, shown above, having been tested twice and upon both occasions the price has been rejected.
Watch closely this coming trading week, depending on news releases throughout the week regarding both the euro and US dollar (beginning Monday 24th April), could tip the price either way.
Will be posting an update and...
Watching this symmetrical triangle pattern for a breakout and entry point. Like this pattern a lot because we have 3 valid touches to form our top and bottom trend lines. A break of either line would be a signal for bullish or bearish movement. Would like to see a bullish break over our trend line and then get a confirmation candle to enter a position.
Bitcoin made a really strong move this week and a lot of people have turned bullish, noting things like a break of the major downtrend channel. This is not an accurate assessment. Bitcoin dropped by as much as 70% at one point ($20k - $6k). You do not use an arithmetic chart for long term trends in a market that changes by such large percentages. It is most...
This is not a trade yet, but i will put MCO on my watchlist. The overall uptrend trendline forms a symmetrical triangle, MCO will squeeze within the upcoming months, possibility to breakout bullish. Also a nice cup forming, the future will tell if this is a confirmed cup and handle pattern. If it works out (hopefully it will, then this will be a valid trade) the...
Howdy Friends,
Just to recap for the folks that are finding this Idea just now, its the extension of older ideas so to learn more click the link below to go back to the very first chart.
Recap:
1. We called the Inverse Head and Shoulders reversal on 4-11
2. Then the EPIC short squeeze from the Shorts ATH pumped us to 480 and into our target zone within a day...
heres a pair of sym triangles with projected break runs......could be moon could be wrekt, long term indicators are topped out but this is where tron does its work. Also the last time the 50EMA bounced off the 100 EMA we got a 2x pump. that being said they will be bouncing or crossing soon, hero or zero. keep your peepers peeled or else........
on a FA note tron...
Hello friends,
Viberate formed a Symmetrical triangle. It is a Billateral pattern, so we will see a breakout or a breakdown soon. In my opinion we will most likely see a breakout, because most of the alts are in a very good spot right now. I bought VIB a bit cheaper, so I have some margin for my stoploss (being able to avoid a big loss in case we see a...
Hi Guys.
Here we have BITFINEX:BTCUSD aka Badger once again, as we can see on the chart we highlighted the expected trading range on our previous COINBASE:BTCUSD
As we can see the price has finally broken out of the range and it is back above the trend line dating back to June 2017. We will be looking for the price to stay above that trend line and to...
Another symmetrical triangle is developing on the BTCUSD chart. It was few days ago when I took a losing trade on a similar triangle breakout. I m completely fine taking short trades like this especially if the risk reward is so nice (last time it was 2.5:1) and the overall trend lines up with my trade.
I d love to see a breakout to the DOWNSIDE since the overall...
Hello Friends,
Our last call on ADX was spot on. You can call it as "I nailed it"
I have mentioned that ADX would reach 8000 SATs and bounce back considering the volume studies, Yes. ADX touched 8000 SATs and now it is trading at 9500 SATs (~20%.)
Now, the price is forming a CUP formation, interesting setup and Price is within the triangle formation. So my...
Ethereum has seen a lot of accumulation lately.
Kumo is very wide. Lots of volatility
Price has room to fall on the RSI
Chikou span has crossed price but is fluxing downwards. Kijun trailing price as well.
ADX says current trend is weak and the doji candle currently forming confirms this. As well as the symmetrical triangle forming around the price action.
While I have been bearish lately I felt it would only be prudent to look at the bullish side. On the TA I have a 5th wave failure which is rare but it was the one way I felt fit the scenario.
The beauty of this chart is almost to perfection. For BTC to maintain it's symmetrical triangle and complete it's ABC correction wave, it must bounce up to begin wave D. If not and we break support, look for 6000USD and maybe even 4800 USD in the mid-run. Let's see where price action takes us to this evening.
After news broke last week of LitePay ceasing its operations, LTC BTC took a big price dump. It bounced back up at my 0.0155 target and retraced some of its loss, but stopped right below the purple border of the channel it was trending in before.
Right now Litecoin is trending within a flag / symmetrical triangle (depending on time frame/connecting the lines)....
