It is an attempt to catch a pullback from 0.99800 resistance. My trade was activated at night based on the swing low in that movement. It is possible to use the same entry price or to place sell orders below a new swing low at 0.99650. Entry Price: 0.99680 Stop Level: 0.99815 Profit Level: 0.99410 Risk per trade must be no more than 1% of your capital.
The price bounced from 2.0000 support and broke the local downtrend line. It gives us a new buy opportunity, which is also supported by the daily timeframe. Entry Price: 2.00220 Stop Level: 1.99900 Profit Level: 2.00900 Risk per trade must be no more than 1% of your capital. Use pending orders to buy.
The market made a new low. Probably 6500.00 as a round number level also can be the local support for the market. If we get a reversal candlestick pattern, it will be the 1st bullish signal. For this, the close price of the day must be not far from the current levels. If so, the market will be able to move upward, and the main target for buyers will be the...
I wrote about the sell opportunity, and you can read more details in the post in the related ideas. The price reached the resistance level at 0.99800, and we should be ready to see a pullback. It allows us to search for possible entry levels using lower timeframes like the 1H chart. If the price moves upward and closes our sell trades by stop, we will keep...
You can read about the sell opportunity from this market in the post, which is in the related ideas. Again, I would like to explain why I decided to sell and placed pending orders using the 1H chart. After the strong bullish candles, the market gave us several candles with small bodies and long shadows. It tells us that the upward movement is slowing down, and...
The trading idea for this market was posted before, and you can find it in the related ideas below this post. If we look at the daily chart, we can see that the price is at 2.00000 strong support level. The price has bounced from this level several times in the past. This time we also can expect another bouncing and an upward movement. That's why we have the buy...
The price moved back to the uptrend line. Before it, we could see a failed attempt to develop an upward movement. The resistance zone between 74.00 and 74.50 level stopped the market. What does it mean for us? It means that during the next week, probably we will see a breakout below the uptrend line. It will give us a trend reversal signal and sell opportunities...
The price reached the monthly uptrend line. It is a strong support line, and you can see how the price bounced from it in the past. If Bitcoin does not move lower, this market will be able to move upward. The strong trend line will be a good starting point for such movement. We should be ready to see a price reversal. There are the following reasons for this: -...
The market moved sideways in the price channel between 200.00 and 153.00 levels. Yesterday, we could see the attempt to break the support zone and move lower. The strong bearish candle was closed outside of the price channel. It is a bearish signal. We have the bearish candle, which is not far from a hammer - it is a reversal candlestick pattern. Also, we have...
It looks like the price is going to break the local support zone and move downward to the 1st bottom at 6000.00 level. If you search for buy opportunities, this movement will be good for you. There will be a possibility to buy at the support zone formed by the middle line of the price channel and 6000.000 using reversal signals. Such trades will be as good for...
The daily timeframe allows us to sell. The 1H chart can provide a sell opportunity if the price breaks the local uptrend line and moves below the local swing low. Entry Point: below 0.63975 Stop Loss: above 0.64115 Take Profit: at 0.63685 Risk per trade must be no more than 1% of your capital. If the price moves above the local swing high and 0.64100, probably...
The main trend is bullish if we talk about the long period and weekly timeframe. The local trend is bearish, and the price stays below the trend line. The price could not break 1450.00 support zone, and for us, this zone is important now. In order to get a signal confirming the further falling, the market will have to drop below 1450.00, and there will be enough...
The market gives us a trend reversal signal based on a bullish divergence. The price is not far from the support zone, and the upward movement can be started from this zone. RSI confirmed the price reversal. MACD histogram and line support a possible upward movement. DMI confirms the trend market conditions. The trend is bearish. ADX line starts falling, and it...
The price bounced from the resistance zone formed by SMA100 and 0.64450 resistance. MACD histogram supports a downward movement. ADX line is below 20, and it tells us about the range market conditions and that buyers are not active. It is the reason why, after an upward movement and the reversal from the resistance zone, the downward movement will be logical....
The price moved back in the borders of the descending price channel and stopped at 8000.00 round number level. This support zone and the price action in this zone will be able to tell us more about the further market movements. As usual, we have two possible directions which must be interesting for us. The bearish direction will be possible if the price breaks...
The price moves sideways based on the daily and the 1H timeframes. The price reached the support zone at 109.500, and we got a price reversal. The local downtrend line was broken, and it gives us a buy opportunity. Entry Point: above 109.625 Stop Loss: below 109.420 Take Profit: at 110.00 Risk per trade must be no more than 1% of your capital. If the price drops...
The price breaks the local uptrend line. It gives a sell signal. Entry Point: below 1.28100 Stop Loss: above 1.28620 Profit Target: at 1.27015 Risk per trade must be no more than 1% of your capital.
The price is not far from the resistance zone formed by 1.29700 and 1.3000 levels. The daily chart is going to provide us a triple top chart pattern. This pattern belongs to the reversal group, and we can expect that the price will be able to move downward soon. The lower timeframe like the 1H allows us to use the trend line and a breakout signal for opening...