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4h

BITCOIN - Short Opportunity, Updated IdeaThe price could not break the Resistance Line. Moving below SMA, Bollinger Bands squeezing to the downside. The RSI STEP TREND (One of my favorite indicators) will confirm our entry. I will update the chart accordingly. Expecting to reach Target Zone 7800.00 - 7900.00 soon. Leave a thumbs up if you like my idea and let me know what you think! This will keep me motivated :-) Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BITSTAMP:BTCUSDShort
by Anton_XBT
8
ETHUSD 4H ASCENDING CHANNEL TRADESChannels & Ranges are repeatable trading chart patterns. Channels & Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the volume settings on the chart – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
COINBASE:ETHUSD
by Tradingstrategyguides
BTCUSD 4H RANGE TRADESRanges are a repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the volume settings on the chart – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
COINBASE:BTCUSD
by Tradingstrategyguides
3
4 H BTC UPDATEHello there guys, after few day of inactivity, after the weekly close, yday monthly and quarterly close we have still the bounce up due to oversold reasons going on. We could see the volume was declining, hence a possible rebound due to oversold regions in almost all oscillators. We broke our 1st resistance point at 8290-8300, next possible resistance is 8800, which i think could be the maximum we could have as run up for now, REMEMBER THAT THIS IS NOT A BULL RUN!!!, as you can see we are still under the long term EMA (yellow, blue and light blue) and only the fast EMA turning back, we are still under the death cross, this is just a relief bounce up. Possible we have some wicks above 8800, which is also where we find the FIB level 0.382 level. I'm looking to close my 50% of my longs after breaking the 4 h 50 EMA (yellow), then let it ride till it goes, then also looking a point to revers the long trade to a short.
BITMEX:BTCUSD.PLong
by taryjaya
BTCUSD 4H 1H DESCENDING CHANNEL BEARISH BREAKOUTStep#1: Draw a Price Channel if you are able to see at least two Higher Highs and Higher Lows. The Price Channel pattern is drawn by connecting the highs and lows. During this stage, we’re looking for distinctive price action that can be contained within two parallel lines. These lines will ultimately form the Price Channel Pattern. If you’re able to spot two consecutive swing highs followed by two consecutive two higher lows you simply connect these points using the Price Channel tool. The majority of the trading platforms has incorporated into their default trading tools the Price Channel indicator. Step #2: Wait for a Swing High to fail to reach the top of the Price Channel pattern. In the case of an ascending or upward Price Channel pattern the first warning signal that the price will fail to trade within the boundaries set by the Price Channel Pattern presents itself when the last swing high point fails to reach the top of the channel. Only our Price Channel trading strategy makes use of this powerful price reading technique because our team at Trading Strategy Guide has developed the “early signs” of Price Channel breakout. The fail attempt to test again the top of the Price Channel is a sign of price weakness which is confirmed when the price also fails to bounce off the Price Channel bottom and breaks it instead. Note* - The more times a swing High fails to reach the top of the Price Channel pattern the better the trade setup Step #3: Wait for the Price Channel breakout and for breakout confirmation One of the worst mistakes traders does when trading Price Channel patterns is that they don’t wait for confirmation signal when the breakout happens. You should always wait for breakout confirmation! What do we mean by breakout confirmation? In simple terms, we want the breakout candle to post a close below the Price Channel bottom to confirm the breakout. We also have training on How to use Japanese Candlesticks. So we don’t just wait for the Price Channel breakout, but instead, we also want to see the breakout candle closing below the Price Channel pattern. This is a very simple way to avoid many of the false breakout signals. Note* - The breakout candle needs to be a big decisive looking candle, but it’s not mandatory Step #4: Sell right at the Breakout Candle Closing Price The Price Channel trading strategy uses a very simple trade entry technique. A sell order is triggered at the breakout candle closing price. The Price Channel breakout technique provides us with an entry signal that you can be confident in executing the trade. The next logical thing we need to establish for the Price Channel trading strategy is where to take profits. Step #5: Take Profit 1 at the 50% Fibonacci Retracement of the previous trend, Take Profit 2 at the starting point of the Price Channel The Price Channel trading strategy employs multiple entry techniques. Our first potential take profit zone is the 50% Fibonacci retracement of the previous trend. What do we mean by the previous trend? The trend that was contained within the Price Channel pattern. So plot the Fibonacci retracement indicator between the high and the low of the price channel. The second potential take profit zone is the Price channel starting point. Step #6: Place the protective stop loss above the swing high prior to the Price Channel breakout We’re adopting a very conservative approach when it comes to the stop loss technique. Simply hide the stop loss above the swing high prior to the Price Channel breakout. We also recommend you to trail your stop loss above the last swing high once you cash in on the first portion of the trade.
COINBASE:BTCUSDShort
by Tradingstrategyguides
4 H BTC USD UPDATEWell, what a beauty the TD setup trend resistance line, I can't keep thinking how many times it kept up to my expectations. Adding to the daily 9 BUY, 128 daily EMA, the TD setup trend resistance line, a 4 h 9 BUY is also to be factor in as support area. In my view exiting (or at least taking 50% profit) in the short is a must, then wait and reevaluate. We are still in a down trend, as you can see by the EMA in the 4 h are trending downwards, but a good trader live long when he follow his own strategies and obey by his own rules. Don't be greedy and stick to the plan.
BITMEX:BTCUSD.PShort
by taryjaya