NickPadovani

NickPadovani

Trade instructions within the chart.

NickPadovani Updated 

Rejection of the structure signifies a short movement in the making. If you reference my previous analysis on USDCAD,you will notice that these points of interest have more or less been established. Just trust your trade, employee wise money management strategies, and enjoy your profits.

NickPadovani Updated 

Inside bar points to a pull back. Good opportunity to open a short.

NickPadovani

Just a trading idea to give us a better idea of a timeline.

NickPadovani

Hi guys, I'm attempt to make a chart series here every week taking a look at the weekly chart of BTCUSD, so that we may better assess the movement of the coin from a "quiet" perspective. Let's get started. 1) Last week had a strong close. We peaked out at the .618 of the most recent high and low, where we ultimately saw some pullback, but closed at the top of...

NickPadovani Updated 

As you all know, we saw an impressive rally up whenever Bitmex went down for maintenance. We have formed an impulsive structure that is quite indicative of a bull wave here, but we will see. We are currently consolidating at the 6614-6722 region, which is close to the .618. I expect us to take a dive to 6614 before we have any chance of running up. If we manage...

NickPadovani Updated 

TRXBTC is looking strong from a technical standpoint. We showed a nice rejection of a critical support structure, and it looks like we're currently sitting above it. If we retrace to the bottom of the structure, consider opening a trade. The stop loss is set directly below a major trend change. If you weather this trade for a few months, you could be looking at a...

NickPadovani

Not super confident in this trade just yet, but we'll see how we handle closing above the blue zone.

NickPadovani

Just a trade idea I'm playing with. Publishing it more for me to look back on. The idea becomes invalidated if we dive below the A (which I think is likely).

NickPadovani

Looking at the weekly chart, BTC is currently in a weird spot. It's possible that I'm late to this analysis, and we've already found our entry, but I don't think that's the case. If we close below the yellow zone, I would have confidence in opening my long at the black dotted line. If we DO break above the yellow zone, however, I would consider opening a very...

NickPadovani

This trade will naturally rely on the direction of BTCUSD. Potential for over 2x profit. Suggested portfolio allocation of 5-8% is determined by the stop loss limiting downside to no more than 2%. Risk/reward is incredibly attractive on this trade, so it's certainly worth the risk. Consider adding to your position if we climb.

NickPadovani Updated 

Details within the trade window.

NickPadovani

USDCAD has fallen out of its critical support line that dates back to February, and we are at the midst of hanging around the .618 zone of the most recent wave, which sits just below the support line. If we can close the daily, or even the 4H at or below this blue zone, this will be a confirmation to enter your short at 1.30598. Personally, I think the wick from...

NickPadovani

Taking a look at the weekly chart, I've taken a moment to determine all of the critical support structures found within. As confirmed on my last chart, our current most support structure has been found around the 7200-7500 range. I've included the three hierarchical support structures as well, although only for observational purposes, as we've yet to ever break a...

NickPadovani Updated 

It's a bit of a high risk trade, but if you want to, you can try and catch the next leg up at around 6700. Otherwise, it's advisable to mostly be liquid, and I believe we're tumbling down yet.

NickPadovani Updated 

Watch the levels, profit take at resistances, reload at the support, set stops, etc.

NickPadovani

Hi guys, in my evergrowing conquest to learn the ins and outs of analysis, I've noticed a point of interest in our current movement. For those who are unaware, the start of the monumental 2017 run was in September, at around 2800 bucks. As we all know, this came to an end at 20,000 dollars. I happened to draw a support line on a whim from the 2800 mark to the...

NickPadovani

Notice the two candles I have boxed in red. This accounts for 2 of 17 fifteen day bars since reaching our ATH; in my opinion, that is something worth noting of significance. I'm unfortunately not familiar with candle patterns so much as I am levels and channels, but this movement was too unique to not catch my attention. If I was a betting man, I would venture a...