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Binancefutures

ATOM looking to break out of symmetrical triangle *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** ATOM Probable - Long term symmetrical triangle - EMA’s bearish daily, 12hr & 4hr - Even though all EMA’s are currently bearish, I have a feeling this is going to break out to the upside. So I’m watching closely on the 4hr for bullish signs and a bullish EMA cross - Also watch for a break upwards of the triangle & retest of a new support Possible - Because of the most recent hammer circled on the chart, I’m not interested in shorted unless we break below that level and retest a new support - There are multiple channels below the triangle so many short opportunities should this break out to the downside. Shorting this is a game of patience. - EMA’s are already bearish so now we just need to break a key level - 3 short targets
by TradeTravelChill
1
XTZUSDT Symmetrical triangle, prepare for break out *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** XTZ Probable - Long term symmetrical triangle - EMA’s bearish daily, 12hr & 4 hour - Looking for a BCR within the yellow box zone - 2 short targets Possible - Squeeze tighter into the point of the triangle - Watch to see if we create HL within there for possible bullish trend change - Watch EMA’s to see if they start to turn up and cross bullish - Wait for BCR of resistance outside of the triangle - 2 long targets
Short
by TradeTravelChill
1
QTUM Descending Triangle *** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** QTUM Probable - Long term descending triangle on daily - bearish pattern - EMA’s bearish on daily, 12hr & 4hr - Looking for BCR of yellow box zone - 2 short targets Possible - Look to see if we create a HL within the triangle for a heads up trend may change - Wait for EMA’s to turn up and cross bullish - Wait for break out of the long term down trend line - Wait for retest of the new support - 2 long targets
Short
by TradeTravelChill
Descending triangle OMGUSDT*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** OMGUSDT Probable - Long term descending triangle on daily - bearish pattern - EMA’s bearish on daily, 12hr & 4hr - Looking for BCR of yellow box zone - 2 short targets Possible - Look to see if we create a HL within the triangle for a heads up trend may change - Wait for EMA’s to turn up and cross bullish - Wait for break out of the long term down trend line - Wait for retest of the new support - 2 long targets
OShort
by TradeTravelChill
BTCUSDT Decision point!*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. *** BTCUSDT - Broken above the long term bullish channel - Last time we broke above and held here, we retraced back to the bottom of it - Have created a new channel above this time, similar to last time (around Aug-Sept) - RSI is sitting on 80 level - last 2 times we were here we had a pullback - Also Divergence on lower timeframes but when BTC is this bullish, it doesn’t really care about divergence, just another thing to factor in - I’m sitting out until we either create a new LL and LH on the 4 hour TF which will present a short opportunity OR we break above current resistance and run to the next level.
by TradeTravelChill
3
XMR/USDT 90m (Binance Futures) Rising wedge forming#Monero went up after breaking out of the bullish flag and made a nice run, now seems a good time for a small retracement. I think it could go down to wedge support or even lower, back to parallel channel if breaks it. If does so fast enough, I believe we'd rather look for a bullish continuation afterwards! Current Price= 135.44 Buy Entry= 135.16 - 137.46 Take Profit= 133.23 | 129.77 | 127.04 Stop Loss= 139.39 Risk/Reward= 1:1 | 1:2.12 | 1:3.01 Expected Profit= +9.04% | +19.20% | +27.20% Possible Loss= -9.04% Fib. Retracement= 0.236 | 0.382 | 0.5 Margin Leverage= 4x Estimated Gain-time= 180h
Short
by TradingOn
ADA/USDT 8h (Binance Fut.) Descending channel facing resistance#Cardano could reversal here, upper-line channel and also 100EMA are acting as resistance, I see more downtrend coming. Quite risky because could break out upwards but I'll give it a try, i stopped better switch to long a on pullback! Current Price= 0.9739 Sell Entry= 0.09700 - 0.09996 Take Profit= 0.09354 | 0.08620 | 0.08133 Stop Loss= 0.10342 Risk/Reward= 1:1 | 1:2.49 | 1:3.47 Expected Profit= +15.06% | +37.41% | 52.23% Possible Loss= -15.06% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 3x Estimated Gain-time= 600h
Short
by TradingOn
Taking Advantage of Binance's DeFi Greed. - Trade IdeaIf you've been hanging around the Liquidation Station, or Binance's DeFi Perpetual Futures tab as it's more commonly called, you'll have likely noticed something kind of humorous. Binance loves listing total Sh*tcoins lately!! and early in development to boot. Granted the DeFi bubble has definitely popped across the board, but it's a noticable trend that if it has DeFi involvement it's headed to futures. Expect burger and cake up there soon I'd imagine. They've even created a basket deal where you can grab the whole defi index, which has also crashed miserably since it's conception. Now, the lovely thing about derivatives, as we all know, we can just short them without worrying about actually holding these rapidly devalued coins. So take advantage of Binance's greed and oversight: If you see them list a coin that seems absolutely shockingly shite, SHORT IT. The defi downturn might be ending, it might be only beginning; but I've got a sneaking suspicion human greed and lack of foresight will continue for many, many years to come.
Short
by cryptosince1963
XMR/USDT 1D (Binance Fut.) Ascending channel facing resistanceMonero has got a nice recovery from beginning of month dump, but it seems it's running out of fuel here. I guess a retracement is due, at least a small one but maybe down to 100EMA if we are lucky enough! Current Price= 96.62 Sell Entry= 96.96 - 100.00 Take Profit= 93.03 | 89.07 | 83.00 Stop Loss= 102.85 Risk/Reward= 1:1.25 | 1:2.15 | 1:3.54 Expected Profit= +16.59% | +28.68% | +47.16% Possible Loss= -13.32% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 3x Estimated Gain-time= 1080h
Short
by TradingOn
XTZ/USDT 2h (Binance Futures) Rising wedge breakdownTezos just broke out to the downside, I was planning on shorting it earlier but I preferred to wait for it. Now the idea is to catch a pullback retesting that bearish pattern and follow the downtrend! Current Price= 2.169 Sell Entry= 2.192 - 2.242 Take Profit= 2.132 | 2.080 | 2.008 Stop Loss= 2.302 Risk/Reward= 1:1 | 1:1.61 | 1:2.46 Expected Profit= +15.32% | +24.72% | +37.72% Possible Loss= -15.32% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 240h
Short
by TradingOn
4