ForgeTrades

ForgeTrades

Short term scalp idea for 4.72R Your risk, your reward. Happy trading.

ForgeTrades

During the last update I mentioned the bullish signs to watch for. Since then: -Support zone held -RSI and OBV have broken the trendline -EMAs have crossed up -Price has pushed into a resistance level Moving forward... Bullish scenario: -Pullback to EMAs then break through resistance -53k would be incoming Bearish scenario: -Price rejects off resistance -EMAs...

ForgeTrades

The heavy sell off on 7 September has continued to bleed price down to a key support zone. Price has been hovering around this zone for the past week or so, and while it gets bought up when it dips into the area we are failing to see any kind of really strong response. At the moment, we are seeing a number of bearish signs: -EMAs have crossed down and price is...

ForgeTrades

DYDX – Moonshot to $50? There has been plenty of talk about DYDX lately, and for good reason. -EMAs have crossed up -Price has broken through resistance and retested the area, flipping it to support. -RSI is increasing -OBV has broke through resistance -Price is in discovery so we will use fib extensions to generate targets TARGETS: 1) 28.14 2) 30.732 3)...

ForgeTrades

BTC is currently working its way through a resistance level. Clear this and we should be on our way to 58k this week.

ForgeTrades

If you have ever looked at a chart or made a trade then you have most likely heard of support and resistance, but everyone has their own approach to identifying and trading it. What is it? Support is an area where there is a surplus of buyers. When price enters this area the buying pressure is stronger and price increases. Resistance is an area where there...

ForgeTrades

Ideally want to see this break above and hold before going full ape long. If it can't, then more downside is on the cards.

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This is one for the HODLers BUY: 0.7793 – 0.8439 TARGETS: 1) 1.2163 2) 1.3966 3) 1.6196 4) 1.9802 STOP: When a 4h candle closes below 0.6504 Rationale: -Price is consolidating under a diagonal trendline, in an area between 0.618 and 0.786 fib retracement of the larger move. -RSI is increasing -The broader market is showing signs of strength, so a break to the...

ForgeTrades

A little hopeium leading into the weekend.

ForgeTrades

This is a pattern that we see play out quite often. -Price makes a low -Momentum is still strong, so price makes a lower low -Momentum starts to slow, and the price makes a higher low -Buyers start to step in, and the price pushes up

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We are seeing signs that Bitcoin is losing its bearish momentum and may be about to turn around. Now is the time we consider longs. -Price made a low into support, then swept the low and was bought up quickly. -Price is bullishly diverging with RSI. -If support can hold, we can target the next key resistance level at 34.4-34.7k -If support breaks, we can watch...

ForgeTrades Updated 

4H A diagonal trendline resistance has formed over the past month and it was broken a few days ago. Price is currently in the process of retesting this trendline to see if it will now act as support. We can also see that the price has been compressing between the 4h 100 and 200 EMAs. Continued compression will lead to an explosive move. Overall, things are looking...

ForgeTrades

BTC has pushed into support a number of times, and while it is holding for now the support appears to be getting weaker. If price does not have a good bounce off the support soon it is likely to fall through, giving us our short setup. Start stacking shorts now, or short on the break of support for a more conservative approach.

ForgeTrades Updated 

ETH has pushed into resistance and appears to be losing momentum. Bearish divergence with RSI has printed. Start stacking shorts for a quick scalp.

ForgeTrades Updated 

Comp looks to be losing momentum and price could roll over soon. Short on break of support.

ForgeTrades Updated 

4H Price made a good push into a key level, sweeping the previous high and closing above the 200 EMA, however we are still trading below the sweep of the high. In order to see further upwards momentum in the short term, the key level and 200 EMA need to hold.

ForgeTrades Updated 

1D Price swept the recent low and we saw a good bounce up into a key level at 35.5–36.5k. Price is currently just above this level and is yet to flip it to support. Price is still sitting under 100 and 200 EMAs. RSI is beginning to make higher highs. 4h Price has just ran into the 100 EMA and is seeing a rejection. RSI is beginning to show strength and OBV is...

ForgeTrades

Reclaim support and send it