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Bitcoin short term tradeLooking for a short term trade on BTC to see if its going to respect this current trend. Invalidated if it breaks and Ill continue to ride the short lower but using subaccounts on FTX im abale to take advantage of a short term long opportunity for now Looking to use limit orders to pick up a position a little lower on trend and then ride up and manage through previous resistance, but i feel if this trend stays respected then we could be heading into the new range of 50-60k offering a much higher RR on this trade.
FTX:BTCPERPLong
by DeNomics
2
Chainlink One of my favorite patterns to trade is over a down trend when we start to form new structure and come up to a level of resistance. This type of move often gets squeezed into a wedge when the bulls continue to push price higher whilst the resistance sits still. After being hit numerous times the resistance level can some times break and we are met with impulsive price action. I personally like to get into these trades much earlier than waiting for the break so Im taking a position off trend now so that if we get pushed into the squeeze and we still cant break to the upside that I have plenty of time to exit the trade and still retain some profit. This could take a while to play out so im in this as a spot trade for now and happy to sit on it for a few weeks assuming bitcoin holds support above 50k.
Long
by DeNomics
2
FTT run babyThis little Gem has been great to me all year since moving over to the FTX trading platform for many reasons. I loaded up on FTT tokens for the benefits in fees but also a little bit on top because....well its an exchange token and often these things run hard. We have seen a pretty clear Inverse H&S on the daily from the previous ATH for a nice V bottom recovery and have since broken the neckline and now building a juicey bullflag on the neckline as support. Its not a huge run to previous high but i also feel that will break quite easily sending us into price discovery once again which could get super interesting. Strapped in for now lets send it.
FLong
by DeNomics
1
Bitcoin could be ready to moveWe have had a solid rally in BTC over the past month when it comes to price action but the main thing im weary of is the lack of volume. This can be a classic retracement from the original drop back in May as we have had some seller exhaustion as the bulls took back over the game temporarily. The price action could simply be a case of low liquidity, generally if there isnt a lot of volume or liquidity we will have higher volatility which is exactly what we have seen and now Bitcoin is sitting and a short term Supply block which is also the over head resistance from the range between 50 and 62k from earlier this year (Think darvas box theory). Bear case is this resistance is strong and it was just a retracement from the original bearish trend and we either have a significant market correction back to the previous range high around 40-42k or worse case break that level and retest that 30k support possibly becoming range bound again and seeing a lot of alt coins bleed in sat value from uncertainty. Bull case would see us chomp through this supply block and head back into the 50-62k range which could be a great bullish sign and confidence for people to get hungry again. We have also seen the 50/100/200 daily ema all cross and align in a bullish trend which could give more confidence to the bulls (although these can just as easily cross back over so dont put the house on it) For now im playing it safe as I'm already long and have hedged into a short position now waiting for the reaction at this level. If we fail to break through ill leave the short open and look to manage position around 42k and re asses if we are going to drop low into the 30k range again. If we break through this supply block invalidating my short ill close out and take the hit and continue to ride the long into the 50/60k range and re asses then.
BITSTAMP:BTCUSD
by DeNomics
2
SOLANA on the breakLove trading this coin as it often has solid trends and good price action that often offers high Risk to Reward for my trading style. A lot of the ALTS have been breaking out of consolidating ranges with Bitcoin over the last few weeks and Sol more recently had a break out from this bearish structure to now form solid Higher Highs on the daily. Im trading this on spot at the moment with a healthy position back in that consolidation wedge but looking to take another entry on the perp contract if we have a descent pull back over the next few days to run price up to previous highs.
FTX:SOLPERPLong
by DeNomics
2
FTTUSDT🌟just take a good look at the volumes traded in the recent candles which are all red and in that scale, what does it proof? when this volume traded in favor of bears and the chart stands still means the chart willing to rise sharply and just need injection of investment so heads up for such coins 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
Long
by the-crypto-analyzer
1
ETH/USD bounce and breakWatching ETH at the moment for a bounce on the previous support level, going for an aggressive entry and expecting a bounce to break the down trend in a squeeze. Expecting a descent bounce considering selling pressure residing and momentum on the CCI slowing down. This trade offers a descent Risk to reward of almost 8:1 although if I get my entry Ill be paying close attention incase we do not sustain any buying momentum after the break. For me this is a low risk trade of .5R
FTX:ETHPERPLong
by DeNomics
2
BNB/USD short tradeWatching this bearish channel at the moment and looking for a new short entry, I missed the last one so going to wait for it to head back up to the top of that channel which also intersects with an EQ zone which could be some good resistance. 3:1 RR and small risk for me with my stop loss above the previous swing high, clearing the previous wicks. I will manage my trade if it gets back down to the bottom of the channel, it may continue to deliver but if I see any bullish candle sticks I may close down the position and take the win.
FTX:BNBPERPShort
by DeNomics
MATIC/btc the wait tradeThis is a big call but requires some patients to see how this is going to play out, for now matic is still in a slow bleed and heading towards a level on the higher time frames that created some demand. Expecting selling pressure to slow down soon with a divergence building on the CCI, not expecting a reversal and more so a consolidation forming a new bear flag. If we get this bearish pattern Ill be taking an aggressive entry at the top of the range to offer a high RR of around 7-8:1 at 1R Targeting around .00001678 sats from where we had market structure back in may, since the run matic had being quite parabolic im expecting this to continue to retrace a good 70-80% from the new high from a base of around the 500 sat mark. My target is basically the 786 which ill be more than happy to front run at 7:1
MShort
by DeNomics
XMRUSD analysis (request for jreback)This was more of a request from another member @jreback Just to be clear I'm not trading this market right now. First thing I see is the ascending wedge that formed back at the start of July, this is one of the only types of Break out patterns I trade to the Upside as it generally offers great Risk to Reward and fast price action with very little market structure to clear to the left. How ever the failure on the squeeze saw selling pressure take over and win this battle so more downside coming. Current market structure is a slow bleed as we find new lows, the support level marked is formed from structure back on the uptrend a few months ago. One thing i noticed is the large volume spike over the last few days didnt really have the price action you woul expect and noticing 5 short candles with large wicks to the upside tells me a lot of that volume spiking is sellers pushing price down as there is obviously a large supply at that level. Im assuming this may continue to bleed lower over the next week or so and would look for a new reaction on the candles when coming to that support level around 171. Watch those 2 small circle areas from the lower support of this range, an early break could see a much faster drop imo.
XShort
by DeNomics
BNB BREAK OUT!!Just keeping things simple on this trade for now as this is one of my favorite patterns to trade on the short term break outs. After a descent drop we often see a short term recovery, what i look to see here is if the bulls continue to make higher lows. Im not to fussed about the bears holding resistance still on a horizontal in fact I want that to happen to define a clear level for invalidation. As we get squeezed into this tightening range of supply and demand I simply wait for the imbalance to flip and tell us which way we may be heading, these often offer high risk to reward and are generally fast movers. Only targeting previous structure around 380 mark and Happy to front run when we get close to manage my risk or just chase it up with stop losses and see what else it can give. My stop loss placement is under the last previous higher low as a new validated level of support, how ever if we continue to walk sideways on this EQ level and break out of the up trend then I may close down my position flat. Descent 4:1 plus so happy to take the risk on this one
FTX:BNBPERPLong
by DeNomics
4
Bitcoin could be in trouble hereRegardless of all the hopium charts floating around and all the different theories and fractals that pit BTC to eleventy billion in a few years, I cant help but address the elephant in the room..... whos buying? We have seen some serious drop in volume recently and its only getting worse as we continue to range closer towards breaking point, that support zone around 30k imo is all thats holding it up right now. Good chance that the retail money that was driving the market is now trapped and with so much uncertainty (regardless of what they chart) there really isnt much buying going on. This is what happens on speculative assets, when the buyers are all in there is no organic demand to continue to drive price, retail have no money left because its all tied up in heavy positions. Happy to be proven wrong but unless we get a clean break from this channel with a big volume spike I feel its only a matter of time that we start eating our way through the demand at 30k and clipping stop losses causing panic sellers and break out traders to jump into shorts causing further momentum on the downwards move. Calling it early and I'm locked and loaded ready for the drop, but if we nuke this channel to the upside ill consider closing out my short from 41k.
BITSTAMP:BTCUSDShort
by DeNomics
14
XRP bear flagTrading smaller time frames on XRP at the moment and looking for a Bear flag forming on the smaller time frames, zoomed in on the 2h chart simply to get a better idea of price action with in the flag to determine a potential Elliot wave playing out inside the flag. I'm personally not huge on break outs and much prefer to use an aggressive entry style to get in at the top of the flag with a much tighter stop loss to offer a much higher Risk to reward and then rely on the break out traders for momentum if the bottom of the flag breaks. Not overly confident so only risking .5R on this for now and might not present the ideal entry until tomorrow so will keep an eye on it for now
FTX:XRPPERPShort
by DeNomics
$BTC New ATH; Path, Plan, ProfitIllustrated are my ideas on $BTC's path to a new ATH. Perhaps by Jan/Feb '22. Which means upside movements soon. Maybe it happens maybe it doesn't. I try to imagine all paths so I can strategize a way to profit from any scenario. The only way to do that is to plot out possible paths, plan a reaction, then execute for (fingers crossed) a profit. Green line - we reclaim 1D 200 EMA forming a rounded bottom. Range trade scalps to increase $BTC position for max profits when it rips. Red line - $BTC sees violent downside forming classic reversal patters such as inverse H/S or C&H patterns. Hodl short position until bottom becomes clear. Spot long bounces and breakouts. I'll adapt my plan as the path reveals itself but curious what you think? Do you have any predictions on paths forward or plans on how you will trade? Hodl, short then long the rip, hold fiat to catch bottom for max multipliers up? Curious to know. Comment with a link to your chart or describe your ideas to lend greater perspective for the community. Cheers!
by readyplayer9