Trading-Guru

Trading-Guru Updated 

In this idea I will explain how you can enter GBP/USD (Cable) with a great risk-reward trade based on the technicals of horizontal support and resistance. Whoa. We had such an amazing trade here on GBP/USD last time using these zones, let's try to do that again. First let's quickly recap our previous succesful idea: We found confirmation on the resistance, and...

Trading-Guru Updated 

BTC Has a very bullish price movement ahead of itself after observing a massive CME gap of 15%. The futures contracts from the Chicago Mercantile Exchange (CME) have something special to them; they don't open 24/7. Gaps occur when the price of BTC moves during the time (the weekend) when CME is closed and other exchanges are open. For example, the Binance...

Trading-Guru

We see a very interesting support zone on the daily here on XRP/BTC. This zone has been important already 4 times before in the last year. Now, XRP has seem some negative news lately and broke through this incredibly important support level. Through an S/R Flip we can trade this symbol with a short set-up. The previous support might turn into a new resistance,...

Trading-Guru

I already made a small joke about this head and shoulders looking more like a triple head in my previous analysis, and even though it did not play out very cleanly, we can see the right shoulder has been completed. The top ($1722) was slightly lower than you might have expected ($1740), but we are seeing a new downtrend starting now. I expect the price to follow...

Trading-Guru

In this idea, I will break down the important price levels for ETH/USD based on human psychology and explain why the confluence with the ascending channel will cause the price to drop after hitting $200. After ETH/USD broke out of this ascending parallel channel we have seen a quick retracement to the beautiful psychological level of $180. As I explained in my...

Trading-Guru

Hey all, here’s another entry on my tradingview series called 'Quick Updates'. On BNB/BTC we see a great 10% trade opportunity with a fantastic risk-reward. The support zone around 0.00167 has held already for three times, showing its strength. If the price drops again to this level, it will be a fantastic place for a buy limit order. The lower to the support...

Trading-Guru

Hey all, here’s another entry on my tradingview series called 'Quick Updates'. Here on EOS we are seeing a nice confirmation of the support zone, after the price has dropped significantly over the last few days. If the price drops a bit further, you could get a great trade in. The more you enter near the support zone, the better your risk reward will be. ---...

Trading-Guru

We can find a triple reversal here on NZD/CHF. The price is behaving incredibly trendy and every time the price decided to go into a direction, it kept going in that same direction for a long time. Now that the price has made an extreme move of 3.50% here in just 5 days time, we can see a first sign of a local bottom. If the price continues its new trend, we can...

Trading-Guru

In this analysis I will go over the most important support and resistance levels on CAD/JPY and explain how you can use them to earn some nice profits. Here on CAD/JPY we can find four important levels. The proof is in the pudding, so if you want to understand the success rate just look at my previous idea here on CAD/JPY using these levels where I used them for...

Trading-Guru

I will explain in this idea why I am bearish on gold and where this three headed bearish pattern got its name from ;). Continue reading to learn more about this! At first, we saw a bearish double top here on gold like I described in my first idea this month, but now we got presented with this sudden retracement back up just before the weekend was coming. I keep...

Trading-Guru

Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We see two important things here happening exactly at the same time. On NZDUSD the price hit a horizontal resistance area, while at the same time the RSI got overbought. Together these indicators form a confluence: a stronger agreement of multiple indicators that show the same price...

Trading-Guru

Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We see the RSI divergence here play out nicely, with an immediate confirmation of the price reversal. When the RSI makes a higher low and the price makes a lower lower at the same time, we can see that the momentum is resetting while the price is still dropping. This often indicates...

Trading-Guru Updated 

In this idea I will break down the price behavior of BTC/USDT and explain how an ascending channel and a fib retracement are playing an important role. BTC/USDT was following an ascending channel but just had an attempt to break out of the channel. We have seen strong support again on the 8750 level, an area where the price has traded a lot recently. The price...

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In this idea I will look into detail how the Relative Strength Indicator has been behaving recently and how it can help us to predict the price of BTC. The RSI is a momentum indicator. If it increases above the value of 70 we can call it an 'overbought RSI'. This indicates that the price has received an unsustainable upward price momentum, and we expect the price...

Trading-Guru Updated 

DATA. Always pumping, sometimes dumping. We've seen such crazy volatility on this coin since it's listing. The price settled for a while, increased by 500% by the end of March and now seems to prepare for another pump. Don't try to go for 500% returns, and follow the example here for a casual 16% for instance :). Follow me for consistent high quality updates,...

Trading-Guru

In this idea I will explain break down the price behavior of ETH/USD and explain how an ascending channel and psychological support lines can be used to find the next area Ethereum will find support. On this area you will be able to enter a long position trade. In my previous idea I went into more details how I expect ETH/USD to move towards $240 over the coming...

Trading-Guru Updated 

The price of XRP has had a massive price boost of 21%, in little over one day. This unsustainable behavior was marked by a long zone of overbought RSI levels. After the price finally hit a temporary top, space was created for a healthy retracement. This is something very reasonable after such a boost. Now, we find ourselves in this ascending channel. The RSI...

Trading-Guru Updated 

The double top is a bearish pattern. What is interesting to see is that GBPUSD is making a perfect fractal here on the second top so far compared to the first top. Even the two larger volatility candles where the rush to the top and the strong rejection takes place get copied exactly. They have a 16 days distance in-between them. The most logical scenario is...