ETHBTC showing signs of a BaseWe might get a base developing - a floor or what appears to be a "floor" on price. Often this can serve as a means for a meaningful bounce, I may start converting a little soon, but I prefer to wait for a capitulation move to make a bit of conversion back into ETH worth the time and such. Disclaimer, I still maintain a strong position on ETH and have a positive view of it as a cryptocurrency going forward. Now, "normies" are talking about accumulating a whole ETH the way some of us were discussing accumulating a whole Bitcoin back in the day, which can only be good for the whole space. In the meantime, I am running an AMM (several in fact, just started a BTC/WBTC in the last couple of days) so that I make money on the chop either way. Might just wait for the capitulation move and buy back a whole ETH from some of the extra BTC I have stacked as a result of this trade. Again, small monies and keeping a core position on both regardless and enjoying ALT out-performance of both BTC and ETH to a certain extent.
BASE
potential breakout off an earnings baseNASDAQ:IPHI Solid fundamentals with a very constructive base forming. It recently made a small move up while finding support. The ATR is showing a vey tight trading range with well below average volume and good relative strength. I will be looking for a break out entry through 162.20 area against the 157 area.
Bitcoin Growing UpAs Bitcoin matures we have seen it through it's toddler years and the early adopters. I purchased in 2013 but was not that aware of the potential. Then we experienced the 2017 FOMO run and another collapse as we had a great shake out of the crap altcoins. Now however we have the Banks and Wealthy looking to own BTC. With a breakout of the 20,000 mark there is NO overhead resistance, no old pain waiting for a breakeven. This is blue sky, the banks want in and the wealthy, the masses will be slow and come in late like normal. It will be great if it builds a new bse off the 20K breakout. This will allow a bigger move up. This project to over $32,000 is based on the monthly cup formation and the macd looks strong. I used July with the current sloping trendline and expect it to hit this by year end of 2021 but could be there much sooner.
Solid earnings winner Great pattern on the daily. Looks good through 168 with a stop under 164.
Looking at a medium-term base breakout to the upside. Not a very fast mover but we should be looking at a good 5-6 points at least if all goes well.
Sorry for not posting as much I have been avoiding trades due to the election
GEELY (175) - Broke up from "base"GEELY push out of a basing formation that lasted more then 2 years on strong volume. The week is not over yet but the odds are good that it will close a bullish candle this week no lower than 19.20.
Hoever we could still have some retracement over the next few weeks and should that happen, 18.00 is going to be a very strong support. I believe the odds of Geely hitting 23.70 eventually is good and perhaps even 27.50 for the longer run.
Stop loss will be placed just below 18.00 for now and trail it up along the way to protect profits. However need to find a balance between a tight stop loss and one that gives it enough room to swing and eventually move higher.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you
TBTS Trade Tip: Ichi mobile alarmsok, so firstly and most importantly i only use the conversion/baseline tool to identify a potential trade or confirm the direction of one im already in (or need to get out of). running out and simply switching long and short on the beep can have mixed results although when trending can yield more positives.
beside that my tutorial is for having the base/conv crossover setup on the phone as a simple prompt, a quick way to know to go and check chart out.
note; the lower timeframes will have your phone buzzing all the time and higher timeframes will be like rain in a desert. i have settled on the 8h timeframe for a good variety of play, it allows me to catch trends and trade scalps.
when identifying diagonal breaks early, a beep on the phone is a good idea that you are trading the right way.
check it out; set up alarms for crossover and check your charts only when it goes off. you will gain more free time off screen and increase your win streaks with this simple prompt
GBPAUD Long Analysis 8/5Looking at the daily chart at GBPAUD you can see that the ichimoku clouds are looking into switching from sell to buy, so to me it'll be a perfect time to put in a buy. I can see it potentially reaching the resistance zone 2.04797. Let me know what you think. I am still new to trading.
PLUG 5+ year base, wedge breakout comingPLUG currently consolidating in wedge for approx. 2 months with support found on an up-curling 50 day SMA. Uptrending its way out of a 5+ year basing pattern (this thing seriously looks like a Gold stock), the wedge is located just under major resistance, which is all of the congestion of the 2014 selloff from the highs. Theoretically, PLUG is in the Wave 3 from an impulse wave that began in 2013, with a 1.0 (minimum) extension to +$12, the 1.618 takes you nearly to $20 (ignore date associated with Wave 3 completion) and of course more upside is possible). I I am looking to buy the wedge breakout @ approx. $4.5 and give this one some space and time. Short term target would be range of wedge/channel + breakout level which would put you @ about $5.50, or just below the prior highs, so there is potential for timely profits.
-This chart appears to be a perfect mix of a short term opportunity which is in the midst of a very bullish long term trend, hence, a potentially great trade, as this wedge breakout may give way to a substantial move higher within that longer term Wave 3.
-You could view this as a massive cup and handle as well. All the same to me. When the rounding bottom is this big, I just call it a base.
EUR/USD Buy Limit H4 (Institutional)The price seems to be going up but we have some selling candles very strong that show that we could may go for those imbalances and base patern. We are waiting for the price to arrive to those points so we can buy a sniper operation until an institutional candle which didn't get correctet.
GoNoGo Charts sees bullish signs for EURGBPThe daily GoNoGo Chart of the Euro / British pound cross looks like it is forming a base. The GoNoGo Trend is showing “NoGo” but it is weakening as depicted by the paler pink bars.
We look to the GoNoGo oscillator to confirm the price action and if this “NoGo” trend was strong then we’d expect it to find resistance at zero as it did from the 22nd to 27th of April. However, the current price bar has been strong enough to push the GoNoGo Oscillator into positive territory for the first time since the highs of march.
If the momentum can stay positive, expect a leg up in price out of the consolidation zone.
Us30 - from FridayPrivate trade we took
Cannot upload everything we analyse - but this one was necessary as the target is was left to its own device here.
We only used a 0.5 contract to run to the target
and closed the other 1.00 before at target I.
The reason for the trade?
W bottom formation - included a double bottom on the 15min pattern.
We entered early and then as the rejection of the double bottom. again.
With indices you have to use a larger stop but with correct entry points it is possible to have smaller ones.
The base consolidated in the box and had some rejection wicks. we waited for the zone to re-enter to signify a fakeout.
This is Scandalevery human and even apes can understand this thing. it is not appropriate. something is not right about economy since 2008 financial crisis. central banks was pumping money to the economy and now this bubble is bursting and they blame covid-19. this began 10 years ago. corona virus began 4 month ago! if someone is telling you markets are down because of virus you can punch at him/her face. virus just picked up a needle and putted it on this bubble. have fun world, the biggest scam in the world was USD and now you are selling everything to get fiat. this will ruin the world.
why usa cant be a normal country?