Metal
Daily Bullish Signal $MTL #MTL #MTLBTC #BTC $BTC (3 May)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
SILVER - Descending triangle and possible HSGood evening traders,
Straight to the point for XAGUSD / silver
Weekly (left) we have a big descending triangle since beggining 2016 (3 years already), we have a downtrend confirmed by multiple touches and a huge support on 13.85 that has not broken so far.
Now, on DAILY chart (right) we have a POSSIBLE hs formation that has his neckline yet to be broken. Now, why do i have my doubts about this HS? Because a HS formation is a ONLY REVERSION pattern and....Silver was in an uptrend on daily chart? Well, yes..at least since NOV/18, anyway its not a HUGE uptrend and for that i dont fully trust this HS.
H4 (bottom) chart we have a confirmed downtrend but RSI is almost oversold and therefore its a good idea to wait another downtrend re-test.
For anyone willing to sell i'd close all position on main support since there is too much buying pressure there, anyway lets keep an eye ;)
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
MTL-BTC Long Trade PlanCommodity : METAL
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 2-4 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 14% to 63%
Prospective Loss : 19%
RRR : Between 0.75 and 3.24 depending on TPs
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Daily Bullish Signal $MTL $MTL #MTLBTC $BTC #BTC (17 April)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
======================
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
GOLD - Wait for the possible bottom + possible H&SGood weekend everyone,
Gold as i've said on previous ideas is not ready to take off toward 1400 zone yet, and for that we must wait the proper opportunity to buy it.
Weekly timeframe we can see the price failing to create a new HH and now we have a bearish engulfing candle removing all the progress from 3 weeks past, all this added to a hidden bearish divergence on RSI.
Daily timeframe we have a possible (not confirmed yet) H&S formation, price did a good selloff and now rejected 50ema as resistance, bearish sign .
H4 we had a huge sell off movement and now i expect some consolidation period before another big movement.
Personal strategy: wait for the bottom for a big RxR opportunity to long
Optional: Its possible to short aiming ~1275 on lower timeframes after pullback + rejection, its risky.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
SILVER - Bearish behaviourGood weekend everyone,
WEEKLY:
As we can see on weekly timeframe, silver is been on a big descending triangle since 2016 and failed to break the descending trendline 7 times so far.
If you check the last weeks volume up-wave, its decreasing, maybe there is no interest on buying silver yet? The price closed the week below 50ema weekly.
DAILY:
After the rally upward, silver failed to keep creating new HH (chech RSI bearish divergence) and HLows and now is struggling around fibo retracement zone.
4H
Ok see these last green candles on the yellow circle? low volume say : no demand.
So overall, silver looks bearish so far and a break below current low can trigger a short opportunity with good RxR targeting the bottom of the big triangle, first support zone would be around 14.65 usd.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Palladium - Short term top?Good weekend everyone, lets look at Palladium, a metal similar to platinum and very used on eletromechanics system like relays, also used on OIL industry as a catalyst.
This metal has been on a very long term rally upside that never seens to stop, but, nothing go up or down forever.
This week candle closed as a bearish pin bar and as we can see the volume is getting smaller and smaller, now, of course i'll not trade based ONLY on a simple pin bar, and since we are at ATH we dont have previous resistances to analyse =)
Daily chart is where im looking forward a short opportunity, if the price break and close below orange line i may short with good RxR targeting fico retracement zones and weekly 50ema.
The low volume on last wave say that maybe the demand is slowly decreasing, maybe its too expensive now our beloved palladium ?
And now we have a beautiful RSI BEARISH DIVERGENCE which give us confluence to try this one.
Anyway remember, trade AGAINST the main trend is always dangerous and the main trend for palladium right now is BULLISH, thats why always trade with proper money management.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Platinum - Double/triple top Good weekend everyone,
Quick look at platinum OANDA:XPTUSD ;
WEEKLY:
As we can see on weekly chart (right on top) platinum is on a downtrend since 2016 and show no bullish signals so far, again rejected the descending trendline.
DAILY:
On our daily chart (bottom) we see that ~875 usd level has been a strong resistance level, tested 4times now and was a previous support before (green up arrow).
What do we have now? A double/triple top for platinum and a bearish RSI divergence.
4H
We see the decreasing volume on the last up-wave and now we are slowly approaching oversold zone and rejected 50 ema as a support , therefore we might see some pullback on the next hours (after market open of course =] )
Strategy:
Sell outright with S.L above 880 usd level aiming 820 zone and further 785 usd level or keep an eye on shorter timeframes after a likely pullback to happen and then short when the best opportunity presents itself.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Metal Profits (Keeping It Easy) This is just straight up chart.Metal Profits (Keeping It Easy)
This is just straight up chart.
I saw Metal (MTLBTC) earlier and the signals were a bit mixed, but I still decided to buy some of it.
It is starting to move and it looks like it might do a strong impulse up. EMA100 is the main target if it follow the same path other altcoins are following.
The RSI is super bullish and the MACD shows plenty of room left available for growth.
Feel free to hit like to show your support.
Namaste.
Metal (MTC) something really BIG is comming! 100% to 250% profitBINANCE:MTLBTC
BITTREX:MTLBTC
Let's take a look at the weekly and daily charts in MTL.
Weekly:
+ Both possible long-term downtrends have been broken in recent weeks.
+ The price has already exceeded 20MA and is currently serving as support.
+ The volume has been the bigger since 2017.
Daily:
+ Large bullish divergence already confirmed at the MACD between June and December, the MACD is in a strong uptrend even with the price walking sideways and has already surpassed the 0 line continuing to point upwards.
+ RSI is in a strong uptrend as well as MACD.
+ Large volume accumulation pointing out that some great upward movement is about to happen in the coming weeks.
+ 20MA has already crossed over to the 50MA and both are about to touch and cross to 200MA.
+ The price is above 200MA and should break in the next few days.
Need I say more? This is one of the clearest reversals I've seen in the last few weeks, I expect big profits on this call, lets ride it?
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God bless.
Metal (MTLBTC) Opportunity for Profits Pt.2Just a quick update.
Turns out I was pretty accurate.
The market moved within the pattern I drew and if you went in on the support/entry zone I indicated and put a sell order on the ceiling of the triangle,
that was an easy 10%.
Congratulations on the profit if you followed my trade.
XAUUSD: Sell opportunity on the 1D Higher High.Gold is approaching a sell signal on its 1D Channel Up (MACD = 10.130, Highs/Lows = 21.9428, B/BP = 42.7360) and the RSI is next to turning overbought (RSI = 74.891). When the Higher High of the Channel is made near the 1357 - 1366 Multi Year Rejection Zone (hard selling for the past 5 years) we will go short aiming at another -1.70% pull back (based on the Channel's pull back Higher Low sequence). TP = 1,333.00.
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Metal (MTL) | 84%+ Potential Profits | FREE TRADING SIGNALPair: MTL/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Introduction
Metal is a blockchain-based system utilising Proof-of-Processed-Payments to identify users, rewarding them for converting legacy fiat currency into cryptocurrency. It is a system similar to Bitcoin but with a user-friendly interface and front-end that is similar to Venmo, Square or PayPal. Metal can act as a bridge to Bitcoin or any cryptocurrency available. Many small businesses across the world prefer to only accept cash. However, in an increasingly cashless society, refusing to accept digital and card payments can be problematic. Put simply, Metal believes cash only businesses can benefit by adopting cryptocurrency as a new new form of cash, as cryptocurrencies possess many of the same properties particularly around privacy, censorship resistance and fungibility. In order to bring digital payments into a world that utilises blockchain-based technology over some traditional banking rails, Metal expects to save consumers 4-5% on all purchases.
Technical Analysis
- 12H Closed Above HTF Resistance (Our Condition For Entry)
- Bullish "Grinding" Price Action
- Volume Increasing
- Higher Highs/Higher Lows
- Broke HTF Downtrend
Our Entry Zone
0.0000840 - 0.0000909
Our Targets
1: 0.0001008
2: 0.0001306
3: 0.0001548+
Our Stop Loss: 0.0000795
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Comment your thoughts below.
And most importantly, enjoy your day!
Crypto Eye Team
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DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Metal (MTLBTC) Opportunity for ProfitsThis is a small-cap market trade for quick profits.
Here I loaded up the 4h chart. We can see an ascending triangle has formed.
RSI has also formed an ascending triangle.
Next move is likely going to be a down move to hit the next higher lows.
After a downtrend, wait for a clear reversal then go in on the trade.
Just by trading within the triangle, 10% profits is possible.
Set a stop loss to minimize losses in case the pattern breaks the pattern.
If the pattern breaks, stay away from the trade.
I'll come back with an update.
MTL uptrendNice uptrend since the middle of January. Totally missed it. But it is pretty manipulated with pumps and dumps all over the way. And thats what we need. But to make this deal safe need to buy at the lowest point, preferable after the reversal. I see that point to be cross of month support and lower channel borders. Of cause if it will fall down there, but indicators show it can, unless it breakout 830 without stopping. In this case I'll buy after breakout.
MTL brewingMTL looks like its due some fun run;
respecting pitchfork lines
cup and handle forming (currently on handle)
currently inside a symmetrical triangle
low timeframe (this moment) is in a little bullflag
id aim for the resistance around 900 first, then range high and then pitchfork mean line