DLavrov

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The price broke the local uptrend line. The market forms a double top, a trend reversal signal. We can expect a pullback based on higher timeframes as the market have made a good upward movement. It gives us a possible sell opportunity. Entry Price: below 1478.20 Stop Level: above 1482.00 Profit Level: at 1465.75 Risk per trade must be no more than 1% of your...

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The price reached the resistance zone formed by 1.10650 and 1.11000 levels. We can expect a price reversal and a sideways movement after that in the borders of the horizontal price channel. DMI confirms range market conditions as ADX line dropped below 20. RSI is going to confirm the price reversal. It gives us a sell opportunity based on lower timeframes. The...

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In spite of previous sell trades which were closed by stop, the market stays good for selling only. The price reached the resistance zone formed by 1.0000 resistance and the upper line of the price channel from the 4H chart. If the price breaks the local uptrend line and the support, it will give us a new sell opportunity. Entry Price: 0.99750 Stop Level:...

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The price bounced from the support zone at the uptrend line. It gives us a buy opportunity. This trade is risky because we don't have solid signals supporting the upward movement from the daily chart. But the risk-reward is good, and this trade makes sense. Entry Price: above 16.94 Stop Level: below 16.89 Profit Level: at 17.09 Risk per trade must be no more...

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The price broke a downtrend line. It gave us a trend reversal signal. The daily chart shows us that the price reached the support zone at 1450.00, and we can expect the price reversal with a further upward movement. If so, it is possible to open long positions to catch the upward movement using the 1H timeframe. Entry Price: above 1459.50 Stop Level: below...

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The daily timeframe gives us some ideas about how we can trade in this market. The price reached the resistance zone formed by 0.91000 and 0.91200 level. If the price bounces, it will be possible to search for entry levels for short trades using lower timeframes. We should expect the short term pullback from the resistance zone. If the price breaks this...

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In this post, I would like to add more details oriented to the short and medium term. I use the 1H chart and Moving Averages with 100 and 200 periods. The price broke SMA100, and it was the 1st bearish signal telling us about a possible trend reversal. The same goes for the breakout below 7380.00 support level. These two signals could be used for confirmation of...

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The price reached the support zone at 14.00 level. We can see the reversal from this support, which was confirmed by RSI and MACD histogram. We have 2 swing lows at the same price level. It tells us about a possible trend reversal chart pattern like a double bottom. You will be able to see it if you use the weekly chart. We have the situation when the market...

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The market moved upward after the reversal chart pattern, and we need to talk about the important levels and signals. We have to focus on a resistance zone, which is formed by the main trend line of the descending price channel and 8000.00 round number level. The price action in this zone will be very important for us. If the price bounces, we should be ready to...

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The prices formed an Inverse Head And Shoulders, and it gives us a trend reversal signal. Let's say the market provided us a strong bullish signal. The price broke the neckline, and the breakout could be used for opening long positions with stop level below the right shoulder. If you missed this buy opportunity, it is not a problem. The price is going to move back...

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The price reached the support level and bounced from it. The market formed a double bottom trend reversal pattern. When the price broke this pattern, we got confirmation of the further upward movement. Our best entry level could be above 0.85080. If you missed this trading opportunity, the next buy opportunity will be based on a breakout above the local...

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Here is another market, which should be added to the watchlist. The price has been falling for about 2 weeks, and the pullback will be logical in this structure. Also, the market looks oversold. RSI line reached the oversold zone, and it will be able to give us a solid reversal signal. MACD histogram supports a possible upward movement. We don't know when the...

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The price reached 1.10000 resistance level. It means that the upward movement can be stopped and reversed. If the price breaks the local uptrend line, it will give us a sell opportunity. Pending orders for sell must be placed below the uptrend line, 1.09800 support, and the nearest swing low. Entry Price: 1.09780 Stop Level: 1.10060 Profit Level: 1.09215 Risk...

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The price broke the local uptrend line. It gave a trend reversal signal. I opened this trade at that time, but the sell opportunity is still workable. Entry Price: below 69.900 Stop Level: above 70.015 Profit Level: 69.550 Risk per trade must be no more than 1% of your capital. If the price moves above the stop level, we will have to search for a new trade opportunity.

DLavrov Updated 

The market overview based on the daily timeframe and why it is better to sell in this market you can find in the related ideas. The price tried to break the resistance zone at 0.99800, but this attempted failed. The market forms a clear double top, and it is a trend reversal chart pattern. This pattern will be confirmed when the price drops below the swing low...

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The price bounced from 1450.00 support level. The bullish candle confirms it, and probably we will be able to get a buy signal from the lower timeframes. But it will be a risky trade. In spite of the solid support and bullish signals from MACD histogram and lines, DMI shows the strength of sellers. If the market tries to move below this support zone, don't be...

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Have you ever asked yourself: "Why some traders fail while others make money? " In this post, I would like to share with you my ideas, which will explain the difference between successful traders and those who lose money all the time and provide the answer to this question.  
 There is a well-known fact that in the financial markets, about 90% of traders fail,...

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The price bounced from the strong uptrend line. It gives us a buy signal. If Bitcoin does not move downward, this market will be able to provide a good trade. Entry Price: 2.730 Stop Level: 2.320 Profit Level: 3.550 If you trade without leverage, don't risk more than 10-15%. In another way, the max risk must be no more than 2-3% of your capital. If the price...