The price dropped to the uptrend line, and the price action in this zone is very important for the further market movement. We got a new swing high, which is lower than the previous one. If the price breaks the uptrend line and the previous swing low, a downtrend will be confirmed. Now, we should only watch for the price action at the uptrend line and follow...
Let's talk about Bitcoin using the 1H chart and try to predict a short term movement. The price broke the local downtrend line, and it gave us a bullish signal. At the same time, the market has space for the further falling to the local support at 7100.00 level. Why is this support important? You can see how the price acted at this level in the beginning of...
Yesterday I wrote about this market and a possible reversal signal using the 4H timeframe. You can read more details in this post. Just look at the related ideas. After that, the price broke 110.200 and 110.400 resistance. If we look at the daily timeframe, we can see the price above the resistance zone, but at the same time, the market stays interesting for...
The price is bouncing from the support zone between 1.04225 and 1.04000 support levels. RSI is going to confirm the price reversal. The same goes about MACD lines. MACD histogram confirmed the price reversal, and now it supports an upward movement. DMI is still bearish and confirms the strength of sellers. But if we get several bullish candles, ADX line will...
The price reached the resistance zone formed by 110.200 and 110.400 levels. If we get a reversal candlestick pattern, it will be possible to think about selling. RSI does not reach the oversold zone yet, and the market has just a little space for the upward movement. But in spite of it, selling is a more logical direction than buying below the resistance zone....
The price broke the uptrend line and the support line of the triangle. It is a bearish signal, and if you are a buyer, be ready to see a new attempt to reach 6500.00 and 6000.00 support. In spite of this solid bearish signal, the market still has a chance to develop an upward movement. For this, the price needs to stay above 7100.00 level. It is the previous...
This is the additional post to my previous trading idea for this market. You can read more details in the related ideas below this post. Just how to get a better entry level using the 1H timeframe, if the daily chart gives us a buy signal? Let's look at the 1H chart. The price broke the downtrend line and moved upward. We have 2 swing lows, which we can use to...
Trading against the main trend is risky. But at the same time, such an approach allows traders to catch a new trend in the beginning. The price reached the resistance zone. We got reversal candlestick patterns. RSI confirmed the price reversal. We got a bearish divergence. It is a trend reversal signal. The price broke the local uptrend line, and it confirms...
The price bounced from the support zone formed by the uptrend line and 1.68000 level. RSI confirmed the price reversal. The same goes about MACD histogram, which also supports an upward movement. In spite of bearish signals from DMI, we have reasons to buy using the daily or the lower timeframes, if you want to get a better entry level. Stop orders must be...
The price reached the uptrend line, and it can give us trade opportunities soon. If we look at the position of Moving Averages, we have a downtrend. After a range period, the market is ready to move lower. For this, the price will have to break the local uptrend line. This breakout will give us sell opportunities based on the daily and lower timeframes. If the...
The price reached the support zone between 192.00 and 190.00 levels. In spite of a breakout below SMA200, which gave us a trend reversal signal, the market can continue the previous uptrend. I refer to a similar structure, which the market passed in 2016 and 2018 years. It is possible to think about buying based on the confirmed reversal signal from the support...
The price dropped below the bottom of the horizontal price channel. It gave us a strong bearish signal. If we look at positions of Moving Average 100 and Moving Average 200, we are in the downtrend. The price bounced from 0.200000 support zone. RSI confirmed the price reversal. The same goes about MACD histogram, which also confirms the upward movement. MACD...
The market looks bearish based on the daily timeframe. The 1H chart gives us a bearish divergence. It is a trend reversal signal. We have a local swing low at SMA100, and pending orders for sell should be placed below it. Entry Price: below 71.045 Stop Level: above 71.550 Profit Level: at 70.015 Risk per trade must be no more than 1% of your capital.
I wrote about Gold market based on the daily chart in the previous post. You can find it in the related ideas below this post. If we look at the 4H timeframe, we can get a setup that allows us to buy. But if you decide to open long trades based on a price reversal from the support zone, you must be very careful, use stop-loss orders and understand why buying is...
The price reached the resistance zone formed by Moving Average with 200 period and 71.550 resistance level. We got a reversal candlestick pattern at the resistance. RSI is in the overbought zone, and it is going to confirm the price reversal. MACD histogram starts falling, and it gives us a bearish signal. In spite of bullish signals from MACD lines and DMI,...
What if Bitcoin forms a triangle? We can't say right now that we have such a pattern. But if the market moves downward, it will give us a new local swing high. As result, the triangle pattern will be confirmed. It will give us the borders for the market movement. A breakout will confirm further direction and give a trade opportunity. If the price breaks the...
This is another market for adding to a watchlist. The price reached 1.31650 resistance. The bearish candle and RSI confirm a price reversal. If so, we can search for sell opportunities using the 4H, 1H, and lower timeframes. If the price breaks the resistance, there will be a space for an upward movement. The higher resistance at 1.33500 will be able to...
The price reached a support zone formed by the uptrend line and 1.68000 support level. The price action in this zone will provide us good trade opportunities based on the daily and lower timeframes. As the market dropped a lot, a price reversal from the support zone looks more logical that a breakout and the further downward movement to 1.65250 support. RSI...