Entry
BTC RETRACE / REENTRY IDEAIf you're like me, you sold most of your BTC on the way up and missed out on some of these recent gains. Oh well.
Here are some reentry points I'm considering if BTC stays within the rising broadening wedge pattern. However, with total crypto market cap crossing $1Trillion for the first time ever, and BTC hitting a new ATH of ~$40k, it's anyones guess - BTC may very break above, and then it's on to 50k, and beyond! o_O
happy trades,
CD
analysis NAS100Hello traders, sorry about the delay, been going through personal issues. Now I'm back and better currently.
We here to talk is the market is making pullback AKA retracement before moving to the upside of the market. Doing these times you would think the market will be currently crash for a long while but surprisingly the nas100, US30, and SPX are doing good right now even along the run-off election.
I have provided entries and targets and patterns for you guys. Feel free to messages for the free group chat helping you to success the path of your trader experience. Never give up! Thanks for reading! Have a Blessed day!
Bitcoin Concise Short TermPeople are probably worried they missed their chance or wondering where the next entry is. Here is a quick update for you to ballpark the next targets. I think anywhere around the rectangle is a good bet for an entry. There are several indicators and technical factors forming a confluence in that location. Watch out for the b wave up which could make a quick new high as a bulltrap, or conversely could extend into another impulse due to the market being already rather euphoric. The green target is conservative and the yellow is a bit more of a stretch. This might be a nice trade to go 10x and take 140% on... But this isn't financial advice...
Pattern: Morning Panic Dip-Buy Pattern->What is the Morning Panic Dip-Buy Pattern?
This pattern is based on a wall of sellers that drive the market down in a short time.
As you can see in the chart the wall of sellers show how market quickly sold off during the session of March 6th, after an all time high (not supported by demand).
Leaving us with a first day candle of March 7th, with a volume as high as the all time high, opening and closing in the same price; this is a clear sign of strength because demand are now the leaders of the market. This day we had the possibility to entry in this new trend.
->What causes the Morning Panic?
This pattern is caused by a new catalyst as a new, longs taking their profits overnight during the all time high, and sellers betting against the stock as it rose so high that it could not maintain.
->How the Morning Panic Plays Out?
These stocks often close strong during the previous session (as the example did), sometimes this creates a gap up at market open and when gap up occurs, longs sell their shares to take profits.
Be aware as the stock after the morning panic usually takes some time to settle into a cleat trend.
->Dip Buying a Morning Panic is a classic long position.
Hope you have a great day!
EURUSD - 11 Steps to successfully place a Trade - with MTFA Hi Traders!
The EURUSD is in an overall Uptrend.
Firstly, let's find out what the 11 Steps are and why they're so important:
We seperated the Steps into two categories, the "Outside the Watchlist" part and the "Analysing the pair" part.
"Outside the Watchlist" --> This is the way of analysing. You should already have it in your mind.
So, you don't want to trade just "anything", you have a specific setup for which you must have the rules.
These rules contains the minimum Risk-to-Reward ratio, Market, Trending Stage, Timeframe, etc.
A: Detect the Trend:
If you don't know the trend, you don't know in which direction you want to trade.
It's just trying to find a restaurant without opening your Map. You have to declare the direction before you start to drive.
For declaring, you must analyse whether it is:
- in a Trend
- a Channel or
- a Range.
B: Do your MTFA
You have to know at which situation you are in the big picture to know what to do wisely in the shortterm Timeframe.
Imagine you hear a boy shouting: "I have an A+ in the last test!"
Do you know whether he is a good or a bad student just by hearing this sentence?
It could be his first A+ in this year or the ninth in a row.
C: NEVER BREAK YOUR RULES
There are hundreds and hundreds of Pro-Traders telling you exactly that. And the most of them are successful Traders.
There must be a reason behind it. If you aren't convinced, go and try it on your own. We wouldn't recommend that.
"Analysing the pair" --> Now after you understood the main points of the main structure, we can go deeper and
start analysing the pair.
1: Find Structure Levels:
Find Levels, which other Traders might consider too. Don't forget that there could be a reaction, both good and bad
for you. In addition, it is important to reduce to the main things only to keep a clear view at the market situation.
2: Detect usual behavior:
As mentioned before, you're looking for a specific trading setup.
When you back-/fortested it enough times, you can identify certain patterns, behaviors and effects.
For example, you noticed that after a Trend with a Trendline there is often a short Range with a Consolidation Box.
And after the Consolidation Box it turns over and moves down. So, you wait for a Range after a Trendline-Break.
3: Mark up for an Entry Trigger:
So, we already determined the usual behavior: It's the emergence of a Range.
Now you mark up the characteristic Levels of the Range: Support and Resistance.
Because you want to sell the market, you declare the Break of Support to your Entry Trigger.
4 & 5: Setting the TP and the SL
After declaring the Entry Trigger, you must now where and when to exit before you even place the trade.
For example: You get on the train. Do you think about getting off the train after you already entered?
Hopefully not! And that's the same for Trading.
6: Put the TP & SL into a Position Size Calculator
Now it is getting intresting. The first part was just theoretical.
But we want to actually trade the price. No later than entering your trade after the Entry Trigger
you have to set the Lot size. The problem is, that by not setting an equal Lotsize,
the calculation of the Risk-to-Reward ratio cannot mean anything.
If you risk more $ on one trade
and than on the other and both have the same risk-to-reward ratio, you could still lose money.
That's the failure of Money Management.
7: Wait for the Entry Trigger
This is a point which many Educators doesn't mention. It is a big danger to trade the price before the
market triggers the Entry Trigger. Because if you enter too early, chances are that the market
moves against you, because it is still tending to other Direction.
8: Place the Trade
Now you can be happy. You considered all the rules, you even waited for the Entry Trigger, you calculated your risk
and finally you can place the Trade. Even if it hits your SL : Be happy that this trade did not break any of these rules
and be proud of the preparation of it!
These were the 11 Steps on how to successfully place a Trade. We hope we helped you and that you learned something new.
If something is unclear, please don't hesitate to ask your question .
When you want to give Feedback or critizise anything important, please do that too!
Now we're going to share the screenshots of the MTFA. If you want to know more about anything, please let us know!
The timeframes are: Weekly Timeframe, Daily Timeframe, H4-Timeframe and H1-Timeframe.
Weekly:
Daily:
H4:
H1:
We recommend to trade the Break of the Trendline and the Range in combination with a candlestick pattern.
Thanks and successful Trading :)!
ADAUSD Short term entries.ADA is consolidating inside a range between our purple resistance and blue support. 21 EMA(yellow) tested resistance and 81 EMA(purple) tested support. I will either be making an entry if we get a good break above resistance or near support. A higher low from here and and close above 21EMA will make me more confident we can go back to retest 0.16 - 0.17$, but less confident if we don't break above 21 EMA.
SHORT TERM | EURGBP | STRONG BEARISHSHORT TERM ANALYSIS,
Hey Guys,
this Short Term analysis, it's just predections,
I prefer for trading, the reaction for long term,
lets just watch until the Reaction,
When the price hit the PURPLE line, what called before support, its now as a resistance for the price,
we will have a safier Confirmation for the Entry Price,
Have a safe trading,
Adios.
P.S. the Divergence between theRSI line and the Market Trend line, it's a good strong mark for a future full divergence and a strong bull break
analysis EUhello traders, I see a long oppounity, even though it is not perfect entry will probably make another HH and take liquidity. You see target. You don't need to make 100 pips to become a profitable trade. You need around 20 to 50 pips a day and that's all you need to live off of. You can see it bounce off 88% almost perfectly and shot up sharper, 20 pips! You still can hold it to the target over 20 pips. Remember don't be greed. Not everything is promise! thanks for reading !