Never traded Bitcoin before but been tracking it & price is currently at a very interesting area. If I was to take a guess then I would say it's going to climb back up - BUT - if that's what were all expecting it wouldn't surprise me if it started to climb first - but then quickly turn around & break the trend line & continue dropping South - stopping out many...
Price is currently hovering around a sell zone Ive drawn up. Shown good signs of rejection already. I'm waiting for price to climb back up & then show me a nice momentum candle down towards the trend line. If the momentum down starts within the sell zone then I will be taking a short trade. If I miss the momentum I will wait for price to break the trend line &...
Perfect setup has formed. All I am looking for now is that momentum candle down & I will be entering. Fib zone looking good & indicators supporting the move. As always, if price continues up, then I will void this trade & look for a plan B. Good luck :)
Price at a very interesting level. This can obviously go one of two ways. I am predicting a bounce back to the upside as there is a strong reversal zone drawn up from the fib. To enter for a short term Long trade, look for a momentum candle, if price heads North then bring stop loss to break even quite early as my long term bias for this pair is short. Will be...
Straight forward trade. Bearish flag formed & price currently over bought & high on the flag pattern, so a great opportunity to enter early. I'm looking for price to break out of the flag & continue to the downside. If & once price is at the lower level of the flag, I will put Stop Loss to break even & hopefully price continues down. Good luck :)
Price currently showing signs of rejection at a BUY zone that I have marked up. Price is over sold which is a great sign for an up-move. Waiting for a nice momentum candle upwards until I can enter. If price continues down beyond the red buy zone, then void this trade & think of a plan B. Good luck :)
Thought it would be rude not to post this possible setup. As you can see , price has been in this range for a long time, RSI & Stoch are over sold so there's a high probability that we could see a climb. Both EMA's 50/200 are also running straight through the center of this range which also indicates to me that this range could hold a little while longer. If...
A perfect double top has recently formed & price dropped down quite aggressively today. If your not already in this trade, there are two scenarios I can see. 1, If price starts to correct itself, look for an entry at the 618 Fib level, but only enter with momentum down, this would be a deep correction followed by what could be a big move down again. 2, The second...
Price reacting to a reversal zone drawn up with good old Fibs. Nice momentum to the downside now & it could be a big trade. Indicators showing over bought too which supports the move down. We also have Diversion on the MACD. To play it safe, I would suggest waiting until you get a bearish flag which may happen on the next trend line that it's heading...
Price is currently correcting from a big impulsive move down. Getting close to a Fib 50 & 618 zone & price is starting to look very over bought. I will be looking for signs of rejection/reversal if & when price gets inside the sell zone - Red Box. I will only enter this trade on a momentum candle down. Once price starts to drop, look at your 15 min chart & enter...
There is a nice bearish flag forming & price is currently at a little bit of a resistance level & indication of over bought on the 1 & 4 hr chart. A good opportunity to get involved with a bearish pattern & catching it earlier than the breakout. I will be moving stop loss to break even as soon as price touches the flag trend line just in-case it bounces back up...
Price has broken a trend line that's been tested numerous times & it's done exactly what I was looking for & retested the old support which is now possibly a new resistance level. I'm looking for a nice momentum candle down to give me a perfect entry for what call a step 3 trade - ie, retest. Indicators also showing overbought which is another little something...
This pattern that is forming on the weekly chart is looking like the perfect Rising Wedge Continuation pattern. I will post below in the comments section any lower time frame opportunities that will arise. It would be great to get involved in shorting this & just letting it run & hopefully break out of this pattern to the downside. Could take a few weeks until it...
Looking for a breakout of the dotted trend line. Nice trade to go get on the good side of what could possibly turn into a big trade. Good luck :)
Bearish flag forming & my analysis for this pair is for a long term short so a nice opportunity to get involved when price breaks the flag on this 1 hr chart. Good luck :)
Price has already broken out of a strong uptrend, found nice momentum to the downside, currently consolidating & formed a bearish flag. To be safe, enter the trade at the next momentum that breaks the flag. Good luck :)
Price currently at the top of a resistance level & wedge pattern. Going off of technical analysis i'm seeing this pair dropping long term, so a nice opportunity to get involved. Will be putting SL to break even if i get a nice drop. If it pushes beyond the resistance level then I will close the trade manually for a small loss. Good luck :)
Previous trend line broken, currently being re-tested, ie, previous support turns to resistance, lets see... Two targets to aim for, once target 1 hit, stops to break even & ride the wave. My Stop loss is huge, but playing it safe as seeing a huge drop in this pair coming in the near future, still, with my current setup, your looking at RR 6:1. For the perfect...