Raiden Network VS Bitcoin Trade SetupRaiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend.
However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels.
On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support.
Trade-setup
BCH - Bollinger Band Squeeze Setup FormingBITSTAMP:BCHBTC may be forming a bollinger band squeeze setup
As you can see on the chart, the bands are narrowing and the bandwith is low
We want to see the price shoot through the upper band for a long posisition
But ideally, we want to confirm the long position by also breaking vertical support
Let's keep our eyes open on this one!
Let me know what you think.
>>EURGBP<< >>January Week 1<< Long SetupEURGBP started this week with a new Weekly High with some strong bullish price-action a possible wave HH and
started a pullback with over 60% of previous week Price-Movement that"s where we get in.
Entry: 0.88600
Sl: 0.88325
Tp: 0.88900
We possibly will see some new Highs on this one if our support levels are able to hold the shortterm downside-Wave.
Our stops are always below previous weekly low/high, if this one breaches we normally see a strong move so our stops are fine.
Have a good one, trade with care
BITBEAN: For Those Who Missed XDN and XVGIf you have been following me before the whole pump of these penny coins, you would at least capitalize 36x with Verge. I didn't make a post about XDN, but the play were similar. Here is the third play, I am currently in BITBEAN at 95 sat. There is one more after Bitbean, and it is Redd. If you check my previous post, you will see the potential in it. Don't miss out. What are your thoughts?
Trade with care.
BTCUSD: Possible Buy opportunities.Bitcoin just made new highs. It slowed down as soon as it hits the 1.27 fib level. Showing signs of new resistance, however, based on my outlook, 3.7-4k is the main target for Bitcoin now. There are two ways to approach this, both requires the patience for price to retest previous high as the new support. If it breaks below the support. Then we potentially can get a Cypher formation bringing us an opportunity to re enter long.
Trade with care.
Inside Bar EntryWait for break out for taking opportunity, I will recommend to take entry in long direction after up breakout.
NO TRADING ZONE: aka NTZ (Forex)This strategy utilizes the CCI (31, close), MA (20, close) and finally HMA (200, close). Better on longer time frame charts but seems to identify trades on the 30M & 60M charts as well. When you open up a chart, anything in the grey area on the CCI is a NO Trade situation. Entry signals however do occur when CCI raises or lowers sharply @ the 0 line. When price crosses the 20MA and closes in the same direction as the CCI 0 line cross and is congruent above or below the 200HMA it's time to place a buy or sell stop and Stop Loss using most recent Support and Resistance levels. I simply multiply my SL by 2 for my (2 to 1) Risk/Reward ratio. Using a full lot, I'll close half my position when price reaches my Take Profit and use an active trailing stop placed at the most recent S&R levels. Also raise your initial SL to break even at the end of your first time cycle. Of course trade at your own risk, good luck and have fun:)
GBPUSD Potential Sell Setup Price is back at the TL. Are we about to see a break? We have already had price action around the 0,618 if we break I see the price going to the 0.27 mark that would be my first TP
EUR/JPY SHORT Setup - RR 2.41Widerstand scheint zu halten.
Resistance seems to be strong enough.
Let's go !
gbpaud looking buythere is long sign on D1 time frame so we can go with long as following chart. give feed back Thanks
Counter trendline break SHORT on GOLDWe've seen a holding of a long term trendline on the 4 hour in gold
Trigger is a counter trendline break, targeting the outer trendline @1240
GBPCHF Potential Libra Trade SetupAs you can see in the chart, a potential libra may be forming.
SL: 1.19
TP:1.40
CADJPY Potential Libra Trade SetupAs you can see in the chart it has potential to form a libra pattern.
SL: 76.70
TP: 100
EURUSD Potential Libra Pattern Trade SetupAs you can see price has potential to form a libra pattern. Good to long at least until it reaches the top of the downward trendline.
SL1.03392
TP: 1.1115
EURUSD BREAKOUT SHORTEURUSD just broke even lower.
Short to the bottom of the major trendline, where we then expect a reversal.
You can enter a long trade at the bottom of the trendline, with tight SL below.
USDJPY 1H FORECAST (BREAKOUT)USDJPY has just broken down from it's uptrend and now looking to test S1.
We expect price to go further and test the 200MA, before it breaks and we see further downside towards S2, which is the long-term TP.
You can enter a short-term or a long-term play, and use the support levels as confirmations and SL points.
gbpnzdi am expecting a good pull back of gbpnzd because it has formed a solid price action on a support key level in h4 time frame.
AUDUSD Weekly Trade setupaudusd has been rejected from 2 years old trend line on d1 time frame, how ever we watched bearish avoidance as a pin bars on weekly time frame, so it is time to sold audusd,
USDJPYI am looking usdjpy short because it is getting rejection from the mother candle on D1 and formed a Pin Bar So we can get enter on breakout of pin bar or 50% retracement.
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GBP/USDCurrent trade set up - entry at 1.33074. Looking to add another position around this 1.32569 (Red line) just waiting for the US trading session to start off. Will TP from the first position around the green fib line and continue 2nd position
GOLDGold is looking bullish by technical analysis, as you can see that there is key support level and gold formed a bullish pinbar on weekly time frame, there are three type of taking entry on pin bar, it is depend on you how you get it. Best of luck and Like and Follow me if you found it useful. Thank You for visiting me.
