gumtree116

gumtree116 Updated 

Keeping it simple. Short the resistance (red rectangle ) or Long the support (green rectangle ) I'll wait for the trade to come to me. R:R is fantastic for both scenario (see chart)

gumtree116 Updated 

Entry, Stop and Target on chart Reason for entry: - Rounded retest of bottom line of support rectangle (in green) followed by nice bounce up with 4 H4 candle closes above the level - The level (where the retest was successful) also happens to be 0.618 Fib retracement of SH to SL Invalidation point is slightly below interim swing low. Scaled in with a small...

gumtree116 Updated 

I would like the price to hit the top line of red rectangle (D1 resistance) 2 targets (green lines on chart) Reason I'll enter this trade: Picture perfect rounded retest of resistance level (1st test is best for high probability short) R:R is 2.24, so can't complain

gumtree116

ETH/BTC has had a good upside break over the past 10 days. Pullback is imminent as the Daily RSI is bearishly diverging. I plan to enter a Long trade on pullback to support (green rectangle). Entry, SL and Target on the chart R:R: 6.03 Reason for entry: Daily timeframe support rectangle is at 0.618 Fib retracement level If price doesn't get to my entry zone...

gumtree116 Updated 

XRP/BTC has been riding up big time recently and RSI is well over 70 on Daily (on a bear market!!!) Since it is approaching my resistance rectangle (in red), I'll be looking to short. Entry, SL and Target are on the chart. Fingers crossed.

gumtree116 Updated 

Looking at the next resistance zones (red lines and rectangle on chart), ETH may lose steam soon Resistance zone 01: 232.50 to 234.50 Resistance zone 02: 243 to 246 Any hesitation on price action around the above resistance zones will favour a Short trade. I am already seeing: - Regular Bearish divergence (Lower high RSI with Higher high price) - see chart...

gumtree116 Updated 

Green rectangle is support zone (5860 to 6200) Red rectangle is resistance zone (6400 to 6800) Anything in between is a no-trade zone for me. Long set up scenario: Clean break of 6400 (no wick) = I'll enter Long on pullback (after watching a few 15 minute candle closes for confirmation) Entry: around 6400 T1: 6600. T2: 6800, T3: 6890 SL: 6100 Short set up...

gumtree116 Updated 

Support in Green, Resistance in Red. Green zone is strong support (on Daily timeframe) rectangle (136-157) dating back from July 2017. The reason I say strong support is because it has never been tested since July 2017. Usually 1st rounded retest (i.e.price coming back to the level after more than 1 year) of support level always gives a solid reaction, hence high...