AUDNZD LONG with 200 PIPS in potential profitThe Aussie has been one of the stronger currencies recently and after the positive figure of Retail Sales earlier on today we can expect some further strength which is why I'm considering a long position after the break of the Yellow trendline.
TRADE SAFE AND DO YOUR DUE DILIGENCE BEFORE ENTERING A TRADE.
200
XBCBTC 4H Three white soldiers very bullishI was just checking the charts today and found this very powerful pattern which is driving the financial market since ancient time. Three white soldiers’ formation. Based on my calculations I can found out in very precise manner take profit area. It is hard to say the exact time when it will happen but it is almost certain that this level will be reached. We can observe on the daily chart very big caffeine candle which created nice support area close to the 50% of the body of the candle(shadows aren't consider) which is marked with black line. In my opinion this pair has big chance to go as high as 0.240000.
I will post next part of the chart in next idea.
LTC correction for my previous idea Daily chart There are two important GAP’s marked on the chart green rectangle and red rectangle. These two are respected by market for quite some time. I think these two will play important role as the support if the pair will go up. Fibonacci retracement 61.8% level stopped losses. This pair might create some kind of cupandhandle formation in future.
Let’s see what kind of price action this pair will delivery in next few weeks
LTC short 10%Based on my calculations we have profit after 2 attempts around -4%.
I pretty positive about this one. Pair is raging battle with 0.015000 level but it should be broken soon and this should open the way towards 0.01000000.
We are aiming here for around 30%.
If you follow just please let me know or just keep an eye on the comments just in case something will change.
Bytecoin this is big 100 was the major support and I think it is not over yet. I see here potential for this pair to go as low as 36. I linked chart for silver for the last 10 years which looks very similar to the BCNBTC. I think we finished 1st Elliot wave which has length around 275. Second wave is not finished yet and It can go way below 100. The really good news is that the wave 3 is never shorter then 1st wave and it is always the longest one so when second wave will be finished we can expect really good bullish movement. This pair made 10fold move in the matter of two months which is really good profit.
I’m interested in what will happen after 100 will be breached and pair will stay below it for some time.
I linked the silver chart so You can compare charts and see what can happen in next month or two
LTCBTC short opportunity Import level to observe are 0.020000 which is combined with solid GAP on weekly chart. This GAP rejected strong bullish movement and move pair back to 0.0100000. There was another attempt to reach .020000 but it ended up with head and shoulders formation and visible rejection at 23.6%(head of the pattern) and 38.2%(both shoulders). I will not be surprised if the pair will reach 0.010000 level in medium term.
Clams re-enter Bold predictions In the beginning 27th of May till 31st CLAMS made quite nice triple bottom formation combined with respected GAP in Daily chart and very nice three soldier’s pattern. All GAPS marked on the chart are based on the weekly chart which makes them really solid support. There is another GAP which stopped bullish movement and then we can see some extended consolidation with one attempt to break it. Unfortunately pair was unable to stay above the GAP but what is interesting the psychological number 0.00200000 stopped further losses. I can see here market uncertainty. I think that the pair is preparing for another attempt to go thru this GAP again. 13th of June pair respected .002000 level.
I marked big caffeine bullish candle on chart which in my opinion has good chance to appear some time in near future
CLAM/BTC opportunity to go higher three soldiers formation 10% I'm watching this pair for some time. It seems like that the bottom GAP was perfectly respected by market and created something like triple bottom(black ticks). There is still upper GAP which was holding pair for some time. Upper GAP was pierced in the last few days with very nice three soldiers formation. Psychological level 0.0020000 was tested couple of time for the last two weeks which suggest further bullish movement.
If the upper GAP will hold the pair above it there is a big chance that the pair will move towards 0.0040000 level.
10% challenge:
lest then 12 hours ago our first goal has been reached. If you follows me on that trade we got around 17%. <----- link in the description
This is another one and our goal is 0.00400000 which is 54%.
I will keep you posted if I will close position or something will change.
GBPUSD great price action for short trade GAP on daily chart stopped bullish movement and accent it with very nice bearish candle. We can clearly see head and shoulders formation(black ticks). This pair is in bearish trend since brexit votes. Price action like this suggest continuation of bearish trend. Respected GAP head and shoulders big bearish candles and pair is trading below 200 ema. It seems like that 1.3000 was significant psychological level which stopped all the bullish movement.
Dash failed attempt to go below 0.050 and flag pattern on 4H 10%I marked something similar to triple bottom which snuggest that the psychological number 0.05000 created solid support which hold any attempt since 1st of April. There is nice strong movement and flag pattern(marked with dotted lines) on 4H chart. I would expect from this price action that the pair will move higher and I would look for TP around 0.077000 level. It is possible that the pair will go lower but as always I think 200 EMA will push the pair higher.
I would like to try the 10% challenge.(I will always try to go small bit higher because fees etc. will take some of the profit).
Basically I will take part of my portfolio and will put it all on the trade when it will reach 10% profit I will close position and then will look for another opportunity and when I will find one I will invest all the money plus profit from previous trade and I'm gonna do it like this for 50 times. I'm expecting that some of the trades will fail so I will put very tight SL to prevent big losses. I will only trade safe and I'm not looking for the risky trades. If you are following me and you are happy with the results for the last few months you can follow me with this one and trust me I will put my money on it as well.
I will mark every trade for this challenge with 10% at the end of the description same as this one
Primecoin interesting levels to watchI marked on the chart two important GAP's on weekly chart which are playing important role during price movement. The blue one seems like is respected by the market since may of 2015. Every attempt to go below or above this level is met with strong resistance. The green is the one which I will be observing as this one should act as support for further gains. I would set TP just below very important psychological number which is 5000 combined with three solid gaps(marked with yellowish colour). If the blue GAP will be pierced with solid bullish candle and it will sustains gains above for some time it will be opinion very bullish signal.
PPCBTC important support/resistance level to observePeercoin made some nice move towards north lately. It seems like that peercoin lose some value against bitcoin after BTC made some new highest highs. I marked area very close to the psychological round number which is 0.00100000. Blue rectangle includes all the GAP based on weekly chart. I assume that if the pair will come closer to this level some interesting price action will take place. It is hard to say what will happen after. I think there are two possible outcomes. Market will respect this level and stop losses or pair will consolidate. When look at my previous idea about this pair you will see that last round number bring some nice gains and worked perfectly as the support area. Bold black line is in the place where pair found resistance in 2016 creating false double bottom signal.
I suspect that this is first wave of the bullish trend. If the price will be stopped by combined GAP's and eventually lows from 2016 it should go north and reach next important level which is 0.00220000,
Golem vs Ethereum very solid support on Daily chartIt is very interesting chart. There is a very visible GAP on Daily chart which was respected by market recently. I would say this solid support should sustain the pair above this level and I would look for ABCD pattern where AB=CD. I'm not sure if correction will hit 50% again but even with this value we have good risk/reward ratio. I would set SL just below GAP and TP close to D point.
Support like this is rare and combination of 50% retracement with GAP making it very reliable also market seems to respect this level.
Clam gap respected and potential for further gainsThere are 4 GAP's marked on the chart. These are based on the weekly candle chart. There one on the bottom has been respected by the market for quite some time(orange ticks). Double bottom is market with black ticks. It is around level 0.00055.
Gains from last week were stopped at round number which was 0.0050000.
I'm looking forward to see what kind of price action we will see when pair will reach another GAP.
BCNBTC Bytecoin chance to catch bullish movementFor the last few days Bytecoin is trading between 30 and 40. It is quite possible that the pair will move higher and 200 ema should help here. This range trade can take a while. Interesting is that every time BTC is making new highs this pair is holding strong position above 30 which suggest strong buying power.
Aussie strong signals suggesting bullish movement Fibonacci retracement 50% is a very good place to enter the market with low risk and high reward possibility (see link) . I found many interesting patterns on this chart.
Blue rectangle is showing head and shoulders formation on 1H chart.
Engulfing candle on 4H chart
There is Doji candle suggesting strong buying power at the 50% level
There is also GAP from Daily chart down below 50% marked with two blueish parallel lines.
All these patterns mentioned above are strong indicator that the pair will move towards TP area.
LBCBTC update chance for Re-enter once againBig bullish candle marked on chart created very strong support which is nicely respected by market. In my opinion pair is going towards psychological round number which in this case is 10k.
It is very common that big bullish or bearish candles are creating support/resistance level at :
1. top of body
2. bottom of body
3. 50% of retracement from top to bottom of the body.
I think market created very good opportunity to re-enter with relative low risk.
OMNIBTC chart packed with all sorts of patterns and formations There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart) . Rounded bottom (marked with blue curved line) . Pair is trading above 200 Ema which is bullish sign. This pair also established support level around 0.0020000 which is marked with bold black line.
I marked with black parallel lines most of the GAP above the 0.0020000 area so you can see how market is reacting to them (GAP’s are treated as the solid support to push higher which is suggesting strong bullish potential) .
This pair with all the mentioned formation looks very bullish to me and I’m pretty sure that this pair will reach 0.0150000 or maybe 0.020000 in future.
Nautiluscoin Re-ent with nice Cup and handle formation It is update for the previous idea regards this pair. I was expecting that the pair will do strong move up so that's why I set tight SL. Pair is trading below solid support/resistance area. I would re-enter at the market with new SL an TP. Cup and candle formation is used to determine the best place to set SL. This pair is very bullish in my opinion. It would be perfect to enter the market if the pair will trade above the GAP but you will have lower risk/reward ratio.
Aussie Update I was checking this pair after I opened long position. Monday opening was interesting(GAP). I'm aware that correlation with EURUSD had big role here. Honestly I was expecting that the pair will go down to test GAP and will go straight to reach my TP. Between 7530 and 7555 there are combined two GAPS as well which should hold losses plus 7500 as the strong psychological number.
Based on the price action from the last week I'm much more in favour of short position with TP around 7173. This pair broke series of strong support/resistance areas with ease.
BTC update This is update to my previous Idea regards BTC. Based on this chart I assume that 1000$ mark was defended and strong bullish trend should continue for some more time. BTC is making new highest highs while I'm posting this Idea(well at least on this chart). I strongly believe that the BTC will hit 1700 1800$ mark some time in the future. I also believe that 3000$ is very probable as well but I'm not sure when it will happen. I marked strong support/resistance close to 1300$(blue rectangle). This area should be tested and then BTC should move north. Recent informations regarding BTC future didn't change strong bullish trend that much.
Please don't take it as a trading advice it is just my thought.
Factom: chance to enter the bullish trendPair recently tested psychological round number which is 5k. I marked with three orange ticks something similar to triple bottom. I believe that after third attempt has been rejected by market there is good chance that pair will continue bullish trend and will try to reach another significant level which is 0.007400.
Nautiluscoin tight SL with nice Risk/Reward ratioThere was strong movement at the end of January. Fibonacci retracement was reached at 14.60% which is actually important level. Pair created triple bottom and then moved up again.
GAP created on October 2016 stopped all gains twice (purple ticks) which is telling us that market recognized this level as the strong support/resistance area. Recently pair managed to go thru this GAP and market is testing this area once more. I marked with two parallel black lines recent GAP. There is something similar to double bottom (orange ticks) near this area.
I would open long position with tight SL.
SL is set just below recent GAP.
Next level which I consider as the resistance would be around 0.0002600 and I would put TP just slightly below 161.8%.