EURGBP POTENTIAL LONG OPPORTUNITY (Short Term) EURGBP POTENTIAL LONG
So after battling myself for a little while I decided to make a post on this EURGBP currency pair. I was battling myself on this due to the fact that the EUR pairs aren't having any great correlation at the moment and the GBP pairs aren't totally decisive either, BUT the momentum on this trade was displaying to me a decent trading opportunity on the short term so I thought I would share it. This pair on the 1D chart on September 21st had a very large and strong push to the upside by the buyers, which caught my attention. It had displayed to me that the buyer was very interested in purchasing this currency pair. Remember let the MARKET tell you what it wants to do rather than the other way around. So lets break this down and let me show you why the market is showing me to go long.
1D Chart:
*on this time frame there was very significant buyer momentum/interest on September 21st
*if you look at the pullback by the sellers compared to the push by the buyer it shows that the buyer is a lot stronger
*the strength shown by the buyer compared to seller weakness shows me the buyer is in control (which is good if looking to buy)
*watch for a higher high higher close (bullish engulfing) on the daily time frame
4H Chart:
*on this chart the momentum is very distinctly stronger for the buyer compared to seller pullback
*watch this chart for a more precise entry and use this chart for risk/reward ratio
*if price breaks the low on Sept. 21st with strength we will not be looking to buy this pair
Remember to always approach the market with a disciplined, consistent approach. Let the market tell you what it wants to do rather than you trying to tell the market, because at the end of the day if you let the market speak for itself, you will see it's trying to tell you something, which is what we as traders capitalize on. Keep an eye on this pair!
Please like and follow my page for more setups! Cheers!
p.s. I post quality over quantity
Exchange
USDJPY LONG POST ANALYSIS USDJPY POST ANALYSIS (FROM 8/26)
I had posted a trade on August 26th for a potential long on USDJPY. When looking at this pair I had seen that overall on the Daily time frame it had been an a uptrend. Trading is all about probability so I used the fact that price is more probable, if buyer interest is shown, to go to the upside. The Daily chart had displayed to me that price was failing to break and hold beneath the 110.700 price area. Every trade I approach it as a strategic business decision and this pair had displayed to me that it would be a probable, strategic trade to take advantage of.
After seeing the 100% push by the buyers on the daily (w/momentum) I waited for a pullback to come in and for buyer interest to come back at the 110.700 handle so that the market showed me it was still interested in taking this pair long. Once I had seen that the buyer I was still interested I had entered some positions into the market at the 111.000 handle. This trade ended up hitting both targets for a total of 300 pip trade.
All my setups I post are relatively simple and I always make sure to hold that approach with my trading because with simplicity and consistency it can be very POWERFUL. I also want to bring up the fact that momentum is a key factor in trading whether it is a reversal, fake-out, range, or trend continuation, the 4 market conditions I trade. Discipline is key as well. When trading stay disciplined to proper risk management as well as discipline with your emotions. Trust the process!
Please like and follow my page for more trade setups and post analysis. I really appreciate everyone supporting me already ! More to come!
Cheers!
QASH in 30 days!After the release of Liquid launch platform the native exchange token-QASH looks very strong against BTC. It has been already 30 days that QASH is traded side ways in a range 0.000030 and 0.000035 BTC. It looks like it is in accumulation phase and getting ready for the next leg up. The next targets are: 0.000042 and 0.000048 BTC. QSHBTC
ASX Approaching Support, Prepare For A Bounce!ASX is approaching its support at 6227 (78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support, channel support) where it could potentially bounce to its resistance at 6278 (horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
BTC: Another $1.5K!Hello friends, as described in the idea linked to this post, I anticipated BTC reaching the $9050 level due to the 0.786 retracement and previous retrace patterns.
I expect a bounce at the strong support of $7600, with stops below $7340. There are 3 major supports in this area: first we have all the activity in the area, then we have the long-term trend line, and finally, we have the 0.318 retrace for the current move. Not to mention we have had a good decline from the recent highs. I still expect that run to 9050.
I am no expert in Elliot wave by any means but perhaps there is something here...3 pushes higher in a counter-trend rally. Major bear trend has significantly weakened however.
The stars are aligning to welcome XRP.. Hello all, back at my weekly update and so far so good, all the movement that we were expecting as per the triangles and the resistance lines followed the script.. but now there has been a minor break of the triangle, could be a false break as I am expecting it to retrace back to the 0.45-0.46 level and then start its journey upwards.. A daily close above the 0.52 level would be a good entry point in my opinion as that is a key resistance that XRP has failed to break on several occasions. The other key resistance I feel is at the 0.73-0.75 levels.
In my view, after 7 months of agony that investors have faced this year - hoping, praying, waiting patiently for the storm to pass, some losing faith, some weathering the storm, some drowning.. suddenly the clouds have broken and the sun seems to be breaking through.. We are right at the SBI launch, the Nasdaq backed exchange is round the corner, Coinbase has got the green light to list tokens that may be deemed as securities, addition of other XRP fiat based exchanges etc etc.. logically there is no reason for XRP to go down except unless BTC crashes, but then considering the fundamentals of XRP and whats happening this month, this fall would be very short lived.. the only way I see XRP going is UP.. not expecting any spike but a slow and a very assured growth in the value of XRP in the coming months.
Sit tight, I think the ride has just begun..
My opinion is partially based on my chart above and partially on whats happening around in the news.. but please DYOR and trade as per what you think is right. Good luck !!
ASX approaching resistance, potential reversal!ASX is approaching its resistance at 6091 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to drop to its support at 5962 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support)
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction could occur.
OKSI CoiN - NEW CRYPTOCURRENCY EXCHANGEKSI Coin (oksicoin.com) is a decentralized WAVES token.
The main crowd project, which will be implemented at the expense of the proceeds from the sale of OKSI - a new, modern crypto-currency exchange (bitstels.com), which will have a number of significant advantages compared to the already functioning crypto-exchanges.
Advantages of future crypto-birzha (domain - bitstels.com)
- low commissions for transactions;
- low commission for input and output of funds and withdrawal of the crypto currency;
- absolute anonymity (trade without verification);
- Offshore servers;
- loyal support service that will respond to calls as soon as possible;
- trading only verified crypto-currencies;
- COMPENSATION PROGRAM for holders of OKSI COIN, which will be held at least once a year (more details can be read here - oksicoin.com)
Site - oksicoin.com
Ascending triangleIf the price will brake above the resistance we are going to see some serious profit. Following the BNB burn process I was hoping for a massive increase, but it fell. I had forgot to see what has happening in the 1Day timeframe. It is just following one of the most basic continuation patterns. Hope this helps :)
BNB UPWARD move on Flag, Upcoming April 15th Coin burnBinance will run up on coin burn, addition of Margin trading this spring. $50 USD target price and will do well moving into the top 10.
Margin Trading to begin in next couple days
Coin burn on April 15th from 20% of Binance profits
Reported 7.8 Million users world wide
Launch of BNB as its own Blockchain
Automated Trading Strategies ::Hello Cryptocurrency traders !
You've probably wondered, Why can't i use Tradingview to Place and View my orders ?
Or maybe you've created a strategy that is profitable, and would like to run an automated strategy.
But unlike our non-crypto colleagues, We have no proper ability to connect to our Exchanges.
That's very unfortunate, but why ?
Tradingview prioritizes high demand requests, and you simply aren't demanding it.
Lets bring this to their attention !
Tradingview uses this community to get public input:
getsatisfaction.com
Please +1 The following topics related to API BROKER ACCES and AUTOMATED TRADING
Ideas posted ::
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
Questions posted ::
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
getsatisfaction.com
Great BTC Moves.So much FUD, still BTC holding strong. Near to a Ichimoku 4k breakout from the downtrend. Again a good opportunity for the King. And we are seeing Banks getting in the game. clear buy for me at a 10200$ level and a Stop-Loss at 10000$.
No financial advice, actually never.
Happy Trading.
Gold to hit $1340 by March (Feb 21 2018)It has been a roller coaster for gold prices soaring after being dormant for a few months in 2017. This year, the main effect I think on Gold is Indian legislation regarding the regulation of Gold and Gold exchanges. This will have the effect of people hoarding their gold, therefore, not selling. These measures being discussed by the finance minister are being watched closely as the Indian market is fond of gold as a product and a technology. I see the price @ $1340 or above possible in the beginning of March.
Bitcoin: BTCUST Bitcoin Spreads Her Wings+Which Exchange is BestBitcoin: Which Exchange is Best/Most Reliable for trades, stops, and signals? (next buy-points at bottom)
Bitcoin Update Coinbase/Bitstamp and Bitfinex
The ridiculous situation of multiple prices across multiple competing exchanges has once more caused chaos with stops yesterday if they were raised too tight under 9900. The subsequent low on Coinbase was 9914 and was 9902 on Bitstamp - but on Bitfinex it was 9874 which was just crap. Mofo. Sorry for that if you traded this exchange. Coinbase levels have been most reliable for trading signals and stops and Bitstamp too. This constant change is maddening - for all of us and entails twice as much work as simply following one feed as well as the futures market too. For sure Coinbase is less whippy than Bitfinex or Bitstamp and so is better for placing stops - look at the smoothness of the chart on 5 minutes here compared to others - and yet the highest price achieved today was 10307 on Coinbase compared to 10300 on Bitstamp and 10271 lowest high of the 3 on Bitfinex. So Bitfinex loses on best price achieved and Coinbase wins with Bitstamp in middle. The lowest lows of the day were once again made on Bitfinex at 9670, whilst Coinbase had the highest low of the day at 9729 with Bitstamp in the middle again at 9707. Once again Bitfinex loses with Bitstamp in the middle. And then the last raised stop yesterday at 'under 9900' - if you were unlucky enough to trade Bitfinex and had it closer than 25 points under this level it got taken - and yet on the other 2 exchanges the stop stayed good. So yet again Bitfinex fails on every level. Coinbase is best right now, with Bitstamp in the middle and Bitfinex a sorry third.
So am quitting Bitfinex as it's too treacherous with stops. Volatility can can ruin decent calls with 'good' stops. Coinbase is the least volatile, so better for stops, usually.
Last Update: 16:34 est
Anyway, for traders on the less volatile 2 out 3 exchanges who are still long, Bitcoin still looks just fine whilst it holds up above the bigger dynamic and can let it run and raise stops under the next correction low when we get it, except on Bitfinex which probably needs stops at least 50 below/above any similar stop on Coinbase to stay safe. Still believe there is much more upside to come whilst Bitcoin holds that upper dynamic support.
Saturday Update: Bitcoin Spreads her Wings
Bitcoin has had another positive session overnight as Far Eastern buyers begin to return to the market. FUD is so last year. Bitcoin is up 2000 points since the break at 8888 and we were lucky to get both that initial break and the lows of yesterday at 9700 to get long again if stopped out at 9900 on the first long. Every point of upside from the lows so far has been traded and won. We also shorted right down to the exact lows and actually closed out right on the lows of the year before going long again at 6200. Every point of the rally from 6200 to 10800 has been traded and won despite a brief wobble at the 9000 level - but even that break out at 8888 on Coinbase chart was followed and traded faithfully as the patterns on the chart dictated. And the pattern on this chart is saying 12192 minimum over the next 2 to 3 days. In very near term it's had a good run overnight and has hit the resistance line at 10829 after making a high at 10890. It's now unwinding a little but using an old dynamic resistance line as a support as it does so, line-dancing Bitcoin style. Whilst it holds up off that line it's strong still but whilst unable to beat and regain the blue line at 10829 and on up to the new day's highs at 10890 it's effectively in neutral in the very near term- but still with a strong undertone. It can spend some time flipping between the dynamic at 10648-10586 as support and the highs at 10829-10890 as resistance but will ultimately break to the updside. And on downside it will have too break below 10586 to trigger further selling back to 10307 support line where it becomes another buy.
$xcp return to meanPitchfork of $xcp on the weekly against the dollar
We're currently near the mean of the trend, we 'wicked' to it last week. It'll be interesting to see if we can move to the upper level of the pitchfork of if we'll bounce down.
I think decentralized exchanges and privacy coins will be of particular important to the $crypto market in 2018
Twitter: AzorAhai06
XVG (Verge) on H4 zone breakout, if next candle gives ..XVG (Verge) on H4 zone breakout, if next candle gives a solid, impulsive bullish movement we may be looking to add a bullish (buy) positions.
Where I trade XVG? Binance Exchange. Here is an invite link to the Exchange:
Binance Exchange
-----------------
* This binance invite link also provides you 50% OFF on all exchange fees for a complete, full month.
-----------------
latest news about XVG:
31 December 2017 - USDT/XVG Trading pair now available on Bittrex. (Source: coinmarketcal.com)
No guarantees, my personal analysis only. Any trading decision you may make is at your very own risk.
IOTA did it again and bounced bullishly from my TL YEY!IOTA did it again and bounced bullishly from my TL YEY! What do you think, will it keep going up? My personal opinion, IOTA being an IOT based invention is a powerful technology and Tangle which people consider as next-gen blockchain is a powerful on its own, I personally think IOTA will continue up... its my only opinion, I am not an financial advisor.
How to trade IOTA? I am using the Binance Exchange which is one of the larger crypto exchanges with over 2 million users (per their statement).
You can use my partner link and get 50% OFF on all exchange fees for a complete, full month:
Binance.com Exchange Partner Link