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Entry

ZRXBTC possible entryZRX has been on a downtrend for a while, and we may get an opportunity to place some buying orders between the blue lines. There is a chance that it breaks both lines, so place your stop loss carefully. The 11.2k actually coincides with a 78.6% fib level (start in Jan8), and the second blue line is the zone around 10k that can work as psychological support. I will be looking for signs of it being oversold with the RSI, and also for an increase in volume and momentum. Probably wait for a narrower BB indicator and keep checking the 15m timeframe. Could easily make more than 10%/20% in a couple of days. More than 50% if it goes back to ATH. Good luck! Feel free to check out my twitter account!
Long
by fnneves
Difficult market? Two important price action concepts help!BTC has moved sideways now for some time, prices swinging up and down. A lot of choppy behavior with several tricky moves. There are two important "secret" concepts that can help you find entries in nearly every market condition. By having these skills you can often avoid having the market confuse or trap you! Concept A): After the break of a trendline, there will be one or two legs to a new low/high. Why is that working? It just traps people who entered after the break, looking for a reversal. When a new high/low occurs they might get stopped out and think the trend continues, just when the real trend reversal begins! Additionally other traders enter when prices brake out to a new high and low, only to see prices reverse. Now they are trapped to the wrong side. Concept B): Second entries. This is just two pushes (two legs) against the trend direction. When prices pullback in two legs and then make a second attempt to go in trend direction it is a second entry. Why do these work so well? In an uptrend people see a lower high, then a lower low. Now many think bearish and suspect a reversal, the beginning of a new downtrend. New shorts also come in, hoping to catch a new downtrend early. Of course then the uptrend continues, hitting stops of shorts. Also skilled traders go long, driving prices further up. These two vital concepts require some experience, but you can find such entries constantly, because trends also occur inside broader ranges/channels as we can see in the Bitcoin chart. I have numbered 5 entries which can be based on these concepts + other clues: Trade 1: Short -> Concept A + bulltrap Trade 2: Long -> Concept A +B + retest support from breakout Trade 3: Short -> Concept A + pullback to EMA + trend channel test expected Trade 4: Long -> Concept A + B + successful retest of uptrend channel Trade 5: Long -> Concept A + B + pullback to EMA + retest support from breakout What is happening right now? We have seen a strong breakout and two legs up. Prices have also overshot the broader trend channel! Now it looks like a new steeper two tiered channel is in play (with a midline). We are trading at the upper end of this channel, so maybe BTC will retrace to 9500 again, but do not look for short entries in such a strong trend! Feel free to comment or ask questions! Or just follow me ;)
BITFINEX:BTCUSD
by FBlocktrader
4
No free lunch! How BTC pushes traders out..Do you sometimes get pushed out of a profitable position? Do you see the market coming back to your breakeven stop, only to then continue going in "your" direction? The market is doing this constantly, so be aware of this. I will show you two areas where this has happened yesterday. Traders often do get no "free lunch", which means a riskless profit. After the trade entry, you may have a nice profit but then see prices turn against your position. Of course you do not want a profitable position to end up in a loss, so you move your stop to breakeven at some point. Is there a solution to this dilemma? Yes, you can exit a good position at a reasonable target, giving up more profit potential. Or you can leave your stop in its original place and risk taking a (small) loss, but stay in your position which can still become very profitable (again). Yesterday there where two examples of this "breakeven stop hunting": 1. The "breakout" longs In the chart I marked the breakout area (red box), where traders entered long, after prices went above resistance levels at 7550 to 7930. Not a bad decision, prices went up to hit the resistance at 8400, nice profit. Traders who hoped it would go higher still, like 9000, of course stayed in position and may have moved their stops to breakeven. But now BTC turned down and made several legs back to 7550. So now the bulls all have seen their stop hit, and what happens? Right, it goes up 1000 points! 2. The "early" shorts Aggressive short traders may have entered below the resistance at 8400 when they saw the market showing weakness there. In the blue box you can see the short entry levels between 8400 and 8100. After seeing a little profit the market then goes up again to 8400, hitting stop loss or breakeven stops of these shorts. Now of course it goes nearly straight down where everybody thought it was going (7800-7600). After all this there was a nice long entry: The long entry (blue circle) also was created by a short trap below 7800, which looked like this: People saw the short term downtrend and break below support at 7800 (former resist). Then a pullback from 7550 to 7800. When prices turned down below 7700 again, some traders would think bearish and short ("Hey, double top and strong downmove, we are going to 6200 again.") Now the bear trap strikes, presenting a long entry: The market makes a second entry long (second push up from 7600). Stops of shorts are being hit and drive prices up, not looking back to this level (7800)! Now how could you have anticipated something like that? Think about a possible range, because prices are moving above and the below the EMA. Think about the breakeven stops of the longs (see above my point 1). Longs are out and so the market is "free" to go up again. Longs might have to buy in again. Think about another leg up (second big leg) and a new high. As you can see, Bitcoin moved up to the upper side of the range in two equal legs and also made a new high! Feel free to post questions or PM me! Or just follow me ;)
BITFINEX:BTCUSD
by FBlocktrader
5
Bitcoin reversal? How to start entering long After a long and brutal decline Bitcoin has shown a reversal on the 30m chart. Double digit gains in 2 hours started the reversal (6100 to 6900). While it is easy to see these short squeezes, ist hard to enter at the right places! I want to show you how to start entering long in a possible reversal without FOMO (fear of missing out). After prices hit 6900 and broke the downtrend, BTC moved down again in a short term trend channel. Two big questions arise now: a) Do we get a new low, which is often to be expected after a trendline break? b) Or will we get a higher low and establish a working uptrend channel , indicating a reversal? In the chart I have marked with blue arrows the candles at which decision could be made regarding the two questions. At these points you can enter long: Long 1 +3: Prices bounce up at important levels, indicating a valid uptrend line. Simultaneously the short term downtrends are broken. Both entries are a little more aggressive but have the biggest upside potential. More details I described in the chart. Long 2 +4: Here we can already see prices moving up in a steep new uptrend. Furthermore a second attempt to go down inside the trend failed, which is a failed second entry short. This traps some shorts and leads to more buying pressure. This is a little difficult to see on the 30m timeframe here, but if you look closely at the shape of the candles you can spot it. On a lower time frame (15m) it would be easier to see. What is happening right now? Prices have reached the 7800 level, which is the resistance level and former breakout area. All shorts from the prior strong downtrend have now seen their breakeven stops (or trailing stops) hit. Prices could not go higher an started a new downtrend channel. Is this the end of the uptrend already? No, at the time of writing BTC pushed higher, breaking the downtrend. This could be a bear trap and we might see a new high. Prices above 8.000 would probably trigger a lot of stops from shorts.
BITFINEX:BTCUSDLong
by FBlocktrader
2
Qtum entry and exit strategyQtum seems to be forming a bullish pennant. Entry point is at the bottom of the pennant, risky movement is buying at 3000 sat, with a stop loss under the next fib ret (2800sat). More secure movement is to wait until support of pennant is confirmed, then buy around 3100 sats. Balanced movement is to buy 50% of your allocation at 3000 sat with stop loss at 2800sat, wait for testing and bouncing from resistance, then buy the other 50% around 3100-3200 sat. If qtum manges to touch the top of the pennant before the 16th of Feb (Start of Chinese new year) extra caution should be taken, profits should be taken around 3800 sats (25% to 50%), then buy back close to the support line. Between 16th to 23th of Feb. pay attention to volume, if is enough to break the pennant top resistance then it is a good idea to prepare another order to buy more qtum, but wait for a retest of the previous resistance that then should became a support.
Short
by Josuerg33
1
Trading examples: Entry, Stop, Profit in strong trendsFinding entries in a strong downtrend is surely the most important skill to have, but where to place stops? Stop placements are important, it should be hard to reach for the market, but not too far away in order to limit your risk. Always have a predefined stop when entering a trade! In your head or better still as a live stop order. The stops should be above the last high or resistance. But please not just a tick (5$) above, how much exactly depends on volatility and risk management. And should you have a target or let it run with a trailing stop? In the chart you can see I did show two trading examples wich had targets. I am not a fan of trailing stops, but this is only a personal preference. Surely trade management is another important topic: Do you want to move the stop to breakeven or below when you are in a profitable short position? This is also a personal psychological question. I prefer to move a stop to breakeven, but not at a fixed amount of profit, rather based on the chart. What is going on right now? Bitcoin has broken the large downtrend and made two legs up, thereby establishing a steep short-term uptrend and a broader channel. Is this a reversal? To early to see it as a reversal, because we might see a retest of the lows, or at least a move down to 6500 inside the upwards pointing channel. Additionally, after a strong downtrend and break of the trendline, a range is often established (next hours /days). Feel free to ask questions, comment or PM me...
BITFINEX:BTCUSDShort
by FBlocktrader
Shine the light from TA to drive away the FUD. BTC WINQ: WHEN IS THE BEST TIME TO ENTER MARKET? A: at the terminal end of ABC correction. ___________________________________________________ Q: Where are we on this ABC correction? A: Near the terminal end of the ABC correction, or more precisely i blieve we are on the D --> E leg of a smaller degree ABCDE falling wedge, where this triangular pattern fits no so neatly within a much larger ABC correction. We are in my opinion on the 5th wave (down) of this ABCDE at the DE portion, where i have broken this down further to being in the middle of a wave 3 to wave 4 of a smaller degree. Meaning we should see a small, maybe not, but a possible and probable pump to roughly the 7600-7800USDT price. After this mini rally of minimal proportion - expect the final descent to come upon us. Ladder your ladders in! lets see that the rest of the day brings us. Sub 7k expected. WOOOOHOOOOOOO.
by astoinis
1
The trend is strong! But how to find entries and targets?Bitcoin did brake out of its spike and channel formation to the downside, after a short lived pullback at 9500. This is not surprising, because prices traded down into the broader channel/range by making a first leg. We often see breakouts in the same direction prices traded into a range, thereby continuing the trend. The market then established a steep downtrend channel, moving with two smaller legs down to 9.000. A quick pullback then took prices back up to 9500 again, thereby testing the former range again. The pullback started at the end of the big second leg (blue) and the target from the smaller second leg (red). How to enter in trend direction when you see such a strong pullback? Wait for the steep uptrend to be broken and look for a new high afterwards! Then the downtrend should continue and a new short entry may present itself, as it did in this case. BTC failed to get back into the former range at 9500 and the bearish candle suggested a retest of the low at 9.000. Why a retest of that support could be expected? Because after a short term downtrend, like the second leg (blue), you expect a new low or at least a retest of the low at 9.000! We did indeed get a new low at 8.800. This move can be seen as a first leg and a new short term trendline drawn. After a short pullback to the downtrend line at 9.100 you could expect a equal length second leg, which had a target at 8.430. The market pulled back hard 500 points exactly there! Don't fight the trend, look for price action entries and targets!
BITFINEX:BTCUSDShort
by FBlocktrader
Cardano analysis: 30% profit target.Very strong support zone, doubt it'll crash through. Strong resistance at 5900. However this was tested several times now, so I expect it to break this time. I'm setting the target at the resistance after the 5900 resistance. Remember to set your stoplosses when you enter: markets can sometimes be irrational. If I made you money, please consider buying me a beer to make my day: LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs ADA: DdzFFzCqrhsfoyxqADKYK7mMAMpoMUqjuNeN39aJZx6v2ZHnBxuC79p8QJWJ713mAmRHxF9hS87YKMkD4JLF1rdxLU7ugzRtViBETfWa Feel free to ask me questions or to ask me to perform my analysis on a coin of your choice. Happy trading!
Long
by Woolhead
1
LTCUSD entry opportunity | Will fly soon?There are more things to consider when looking at the current LTC chart. First, we have fallen into the original uptrend channel and we are close to the support line, which is actually a good entry point. However, this also seems like a falling wedge so if we are not able to breach the blue marked line, I would wait as we are likely to fall down to 140. At $140 LTC is a bargain even considering BTC is likely to fall below 10k as well. Entry point: 165-170 USD First target: 210 USD 2nd target: 250 USD Stop loss: 133 USD or HODL. Happy trading.
COINBASE:LTCUSDLong
by stormx666
Gold_GC_Short_Double Top with Gaps_Too good to miss!Gold is forming a double top that looks awesome! GC has a historical pattern of double topping, particularly at these levels not only by the first top shown but other reversals throughout history. Notice the gaps approaching the high and the gap after the high. Both are almost identical in price and structure. I will be getting short Gold and have laid out two entries. On smaller time frames Gold has already fired a perfect sell signal that played out 1x1 perfectly. That being said I love to take entries when stops are being hit. If price will give me the chance I'll risk 1 contract at the strategic entry and 1 contract breaking through the low as an aggressive entry. I'll ride it out to T2 and trail from there. Strategic entry 1356.1 Aggressive entry 1340.3 T1 1314.1 T2 1287.9 T3 1261.7 Stop at 1366.5. Hopefully we don't need it. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
COMEX:GCG2018Short
by UnknownUnicorn981629
1