NEBL/BTC - NEBLIO, what a strange name to take big profits fromHello, ladies and gentleman! I am offering to you a good to grab hot new coin with very little circulation amount of roughly 12M coins in it's early phase. You can read more about the product on coinmarketcap as I am not here to advertise them, but to help you win money from them. currently sitting at 245k sats around the 50-fib level, after correcting from today's previous run, I think we are ready to hit Eliot Wave number 3 from the small waves and Eliot wave number 5, which if it goes beyon the previous ATH will complete the BIG wave number 3 as you can see on the 1D chart. I am giving you a 2.5 risk/ratio with stop loss at the 618 fib level.
Entry (buy-in) zone : Preferrably around 235k sats (618 fib) but anything under 250k sats is good
TP1: - First profit taking will be at from 330k to 340k sats where there will be a resistance at the fib level
TP2: - Second target - 400k sats
TP3: - Last target - New ATH to finish wave 3 of the big cycles.
Trade open at : 243k sats.
Happy trading!
NEW
Bitcoin: BTCUSD New Trading Realities in a 'grown-up' worldTrading Bitcoin in the new Realities of 'Mainstream'
When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world
For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80%
of the few people who read this will have Bull hats on, are inherent, full-on bulls. Only 10 to 20% will be bears. If one or
the other we will miss 50% of all trading oppotunites, roughly. Who was looking for sell signals recently (after that RHS
failure) ? No, because most of us are bulls we're only looking for positive signals. Try to be dispassionate about Bitcoin -
that is not easy, being as we're humans. We're programmed to want to join the herd. A bison gets FOMO too, that's why he
wants inside the herd and not out. Penguins too. But we are not penguins. We need to stop acting like one. Agreed? We
need to be like doctors who will get sued for giving the wrong diagnosis, however bad that might be. The patient wants
truth not platitudes. That's how we need to view Bitcoin. If we love it too much we cloud judgement and lose trade
opportunities. So strive to be dispassionate. Or it will cost you roughly half of all opportunities. Look at the trail Bitcoin has
left...get down off your horse and look...look how good those sells were on the breaks...how the first two break and then
come back to retest the little dynamic from the underside and that's the sell with stops say 50 higher (never touched) and
then look at the third and last arrow in the sequence - the market is moving fast at this point and there is no retest this
time. And then the series of highs running right into the resistance line at 12472. Each was a fantastic near term
opportunity to mine another 1000 points minimum out of this monster, and the last 2 breaks were 2000 points - that's 6000
points in breaks in 3 days. That is 60% of total value of Bitcoin right now. How crazy is that? You NEED to be Ok with shorting
as well as going long to survive this market. You are not going to get every one, but half would have been good, very good.
And look how simple the patterns are ! That ain't rocket science is it? One single line of dynamic support (upside
doesn't really matter too much in a downtrend), we just need to get a line under the counter-rally - behaves very
differently, obviously, in a slower market at top half of chart than in fast market where patterns are obscured in the noise
more easily.
NZD/USD daily reviewsAfter the plunging of the New Zealand Dollar against the US Dollar, which took place on Friday, the currency exchange rate suddenly recovered.
Moreover, by the middle of Monday’s trading session the currency pair had even surged to new high levels. At 12:00 GMT on Monday the pair had already almost touched the 0.73 mark.
In addition, the recent surge of the Kiwi against the Buck can be observed to have occurred in a narrow range short term ascending channel pattern. The pattern is likely going to guide the pair up to the resistance of the weekly R1, which is located at the 0.73 mark.
Bitcoin: BTCUSD Yet another reverse Head and shoulders triggeredBitcoin Update
If you've managed to stay with this overnight from the entry point at 13418 just 10 hours ago now you've done well. We
bought again on the retest from above of the neck-line of the smaller reverse head and shoulders, now obscured on the
chart by a larger one in formation, but shown at the green arrow point of entry. The minimum upside target created by
the RHS was 14234. The high reached so far is 14270, so 800 or so points in 10 hours of sleep/or frantic thumb twiddling
depending on which side of the globe you happen to live.
Interestingly, there is another much larger reverse head and shoulders in formation now....And a break above 14300 will
trigger it, creating a new upside target 2012 points higher still, at 16,312. Look to buy the break or can wait for a retest
of the neck-line from above with stops 200 or so below the neckine which is now being tested as this goes to press. Do
not be scared by any retest we get later on today from above...it's a buying opportunity.
Time New Bank (TNB) - FIB Extension - (+100% profit)Hey guys. I'm still learning and this is my first analysis. It probably won't close as I'm sure there are things that I didn't consider.
I saw one big A wawe consisting of two eliot wawe pattern and the B correction wawe. Supposing it will climb to 1:1 Fib Extension point.
Take profits inside the zone.
Let's see what will happen, I'm excited ^^
I'd be more than glad to hear expert opinions to correct my mistakes, please feel free to comment. Happy trades to all!
GBP/NZD 4H Chart: Breaks junior patternThe Pound has recently ended trading in the junior channel down pattern on the four hourly chart pattern against the New Zealand Dollar.
The move was expected due to the fact that the currency pair had touched the lower trend line of a highly speculative medium term channel pattern. The dominant channel is considered speculative, as its trend lines are mildly confirmed.
In regards to the medium term future, the pair should form a new junior pattern, which should be an ascending one. However, before that the pair would face a strong resistance cluster near the 1.91 mark.
XEM/BTC TRADE IDEAThis pair seems to be inside a consolidation flag, and it could head two ways that I pointed out on the graphic. RSI shows that there's still room for growth in this market, and considering that BTC is currently going into a correction phase, it wouldn't surprise me if price breaks the downtrend line and heads towards resistance. The 1.12 dollar level could be a good entry point if price breaks the uptrend line and DMI+ confirms upward moving, and then we'd be looking to a gain of possibly 12% gain if it hits resistance and you wanna leave at that point.
I understand the fact that there's no exchanges currently trading XEM/USD but with bitcoin dipping in price we could use this pattern to analyse the XEM/BTC pair. I'm just starting to make analysis, hence why I don't feel confortable posting analysis regarding pairs with BTC because it's behavior is hard to predict.
Let me know what are your thoughts on this and if you think i've made a mistake feel free to correct me.
Peace,
Daniel
LTC forecast over the next 10 daysHere is a forecast of possible scenarios on how LTC might behave over the next 10 days.
For now I am long and looking to take my profits around 450$, I might chose to top up in case it breaks through and moves towards the support level around ~250.
I find it difficult to believe that it will be able to break through ~200 but if that is the case I will not add to the position and stay in for the long haul with my current position.
NZD/USD change of patternsInitially Thursday’s forecast for the Kiwi against the US Dollar continued on, as forecast. However, something strange occurred after the initial move was complete.
As Dukascopy analysts expected a rebound against the lower trend line of the previously drawn channel up pattern, the support of the pattern was broken. Instead the surge occurred slightly lower. That gave an opportunity to adjust the channel up.
In addition, that caused suspicion and a look at the larger scale was done. Due to that another larger channel up pattern was discovered.
Combining these adjustments an ascending triangle was discovered, which should be broken to the downside at the latest next week.
For Beginner Investors..What would be the best investment for a long-term hold?
BTC, LTC,Ethereum.. etc?
Thanks,
ZK
Observing channel vs breakout %Trying some new things. Looking for a correlation between the channel movement percentage and the predictability of a high increase breakout.
None of this has been tested, but, when we hit the breakout for the next level at the + integer. We may see a bigger marginal increase until the next level of resistance.
Lets see how it goes.
Bitcoin: BTCUSD Officially left the Building Last Night Bitcoin Update Still strong whilst within the new Parallels
Having left the building (contraints of the last paralllel) last
night Bitcoin went on a tear, nothing to hold it back now.
After bottoming a second time at 13083, just under the 13210
next buy point and under the old parallel by 130 points...this
would have stopped out the long from 13210 (in all likelihood,
most probably using 100 point stop at that point so a good
trade that would have been stopped out was at least avoided.
But that doesn't excuse not getting long agin from 13826 level
once it had been regained and thoroughly tested from above
and survied the onslaught perfectly, with Bitcoin coming back
down to test that level precsiely before bouncing away and
now 900 points higher still...we should have had ALL that
trade, every damn point. Another 900 points not won. Would
trade that notional 100 point loss for that win though.
Shoulda woulda coulda. Move on now....
Now Bitcoin is tracking a new set of parallels and stays good
whilst within them. But it's beginning to tire and we are close
to the 15 number now. Stay long here if you are already and
only close out once the lower parallel is lost, looking for
another test of 13826 where we look to get long again with
stops 60 points lower if touched.
AUD/NZD 4H Chart: Confirms medium channel downThe Australian Dollar recently surged to confirm a trend line against the New Zealand Dollar. Due to that reason market participants are finally able to draw the previously expected to reveal itself medium size pattern.
In regards to the short term the pair is likely going to be pressed into the support of the weekly S1 at the 1.1050 mark. It will be done by the resistance of the 55 and 100-period simple moving averages.
Meanwhile, one needs to take into account that the four hour candles, if moved away from the simple moving averages, are likely to become larger. Namely, volatility will increase.