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Algotrading

ALGO bouncing and heading back upHi guys. I haven’t posted in a bit since last time I was terribly wrong about the BTC direction in my last post. I took my time to reflect on how and why I missed out on the bearish signals that caused BTC to crash. I also sold all my BTC yesterday, it seems too unstable atm. Here’s my ALGO prediction for now. ALGO went down quite deep to €1, but is now working its way back up. EMA cross just happened, market cipher indicates LONG signal and the RSI divergence is looking good too. For me that’s a confirmation of the bounce and I’m hoping to reach my target €1.16 in a few days. If it does not hold however (which seems very unlikely at this point) it may fall to €0.95 in the coming days. Good luck trading everyone, and please do your own analysis before following up on someone else’s.
Long
by UnknownUnicorn8645165
1
BTC Trade Plan 3/15-3/1654550's is the key level that held BTC down from last week on March 9th before breaking and holding above to continue and push into new highs. I would like to see a another pullback to 53200's-53300's if we fail to trade over 54550's. Short holding below 54170's. PT near @53300, 52650's, 51830's Long pulling back near 53220's or 52650's to retest 54550's. Trading above 54550's and we'll find 57725-57740's Long holding above 54670's to push to 56100's then 57725-57740's
BITSTAMP:BTCUSD
by Kindredd
ALGO/USDT - Possible Bullish W PatternHello traders and community, today we will tell ourselves shortly about the situation of ALGO/USDT Trend analysis - As you can see from the ALGO/USDT daily chart, the price of Algorand coin is started to moving higher cause of volumes and possible bullish double bottom pattern (blue line on the chart) and also from the month chart we can see cup and handle pattern, that's why we as traders can expect with 60 possibility bullish movement in the following days and try to put long positions (white line on the chart). I recommend to wait for trustworthy signals (confirmation) and only after it put trade positions for upper movements to 1.8543 price level. Today's resistance level (first red line) is on 1,4596 price level, support level (green line) is near 0,8384 price level and global trend (oranga line) still remains bullish enough. Wish you good luck with your trades and more information about trading this crypto token will be provided later! Chart pattern - Bullish Double Bottom Pattern (processing) - Cup and handle (processing) Technical indicators - RSI: market is still in boarders and is located near 60 level (not overheated, Bullish signal) - MACD: MAs are prepared for upward movement + they started moving closer to each other (Bullish signal) - BB: Volatility of the market started increasing after volatile movement accomplished (Bullish signal) - MA (10,20): MA10 is above the level of MA20 and going up (Bull signal) = Overall bullish signal movement Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions :) P.S.: Information provided is only educational and should not be used to take action in the market.
Long
by PrizesRises
📈 (3/14)-(3/15) ES Trade Plan 📈 Hello Traders, today we'll be following up from last week's 3/12 Trade Plan. The last time we took a look at ES I mentioned healthy pullback to about 3901 or so before another attempt at last week's high near 3958.50-3959.25 - Well thats exactly what happened. Here's the new plan: 🔸 Long after a healthy pullback to minor supports 3933 or ideally 3923 🔸 PT Near @3945, 3958-3959 (ATH), Low 4000's. 🔸 Short rejecting @3946-3948 or failing to break over 3958-3959 (ATH) 🔸 PT Near @3935, 3922, 3901.
CME_MINI:ES1!Long
by Kindredd
1
ALGO dropping.ALGO finished the Adam and Eve pattern and retested the neck line. Price is now dropping to the .67 then the .52 resistance areas. In the short term I'm bear on ALGO. In the long term, after this cycle completes, I'll be holding until a price in the $5-10 range while collecting an APY. In my opinion the current midterm trend dictates a price of $.50 - .70. My thoughts on ALGO, holding offers a 6.35% on staked coins. Not a bad return on savings in my opinion. The cap on minted ALGO coins is 4billion and the adoption of ALGO looks promising. Transfer rates appear to be very fast compared to competitors like ETH. Amount of transfers per second is higher than ADA and DOT. ALGO Foundation states they want the market place to dictate the price of coins. I'd assume as coins are held to capitalize on the APY the price may increase as the amount of coins in circulation decreases. This could trigger more holders to sell and take some profit which would increase the coins in circulation. I'm curious to see how this model of Supply v. Demand plays out in the real world.
COINBASE:ALGOUSDShort
by etw01
2
ALGO/USDTSeems like ALGO is pushing up the price just like the other main coins. Right now it's pushing up the Bollinger Bands and is considered a very powerful uptrend. You can easily get this but first we're gonna have to wait for this coin to confirm and close a 4H candle above the resistance. After that it's pretty much safe to open long positions. (Unless Bitcoin starts to fall) -This area is a very powerful resistance for this coin. it got rejected from here too many times; so be careful- Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅ Comment if you need a chart 💬
by ShawnMCR
2
ES Trade Plan 3/12Hello Traders, ES has had a nice rally up this whole week and nearly touch ATH once again. Overall very bullish as long as we continue to trade above 3865 to eventualy retest previous ATH and push into the 4000's that everyone wants to see. I would like to see a healthy pullback to 3900-3901 before we push higher at another attempt to break ATH. Short below failing to break and hold 3935, PT @3911-3910, 3900-3901, 3892-3893 Long after a healthy pullback that we need to continue higher. Entry @3901-3900 after confirmation of reversal. PT @3920-3921, 3933-3935, 3958-3959 (ATH) Or breaking and holding above 3935 for a quick retest of yesterday high, PT @3945-3950, 3958-3959 (ATH)
CME_MINI:ES1!Long
by Kindredd
Algo makes me happy. ALGOs are here to stay. They obviously cannot be taken for granted. One thing I tell friends that purchase an Algo in the form of a Tradingview Script, is that it will help their trading decisions and confirm technical Analysis made by them. On my quest of finding a good Algorithm, not only for signals and accuracy, but supporting instruments, I came to Elite Signals Algo . Again, the goal if an Algo is to support your own Technical Analysis. With almost 80% accuracy, this instruments can help your decision making and maintain emotions on the control level. One of the coolest features is the auto drawing of Support and Resistance level. They are VERY accurate and combined with Candlestick pattern recognition, your day trading becomes very powerful. Is the Algo making me a lazy Trader? No, not at all. Its a supporting tool, same as any indicator. Are you interested in this great tool? Follow the link and send me any question you have. Enjoy your day trading! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only. You can use the information from this post to make your own trading plan for the instruments discussed or other instruments. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
CME_MINI:ESH2021Education
by Fondotoro
2
ALGO continues correction waveFib channel pointing at next low and when to expect it? 3/2/21 - $.56 to $.52. This price will probably not hit exactly on. I plan to put in a few buys a little above this number. I find a lot of people who share their charts focus to heavily on smaller scales and never look at the Day, Week, or Month. The larger scales serve as a road map of where price is heading. Start in the larger scales and work your way down to the scale you like trading in. I.e. "Bitcoin going to the moon this year!" charts. Really what does the historic patter show? Impulse waves and correction waves even at the larger scales. Happy trading. *My opinions for the purpose of pattern analysis. This is not financial or trading advice. Use your own best judgement.
COINBASE:ALGOUSD
by etw01
7