new trader GBPUSD 1.3384 shortMade this trade with speculation that GBPUSD is short, however trade is going against me at the moment. I utilized my strategy of creating a range between my blue and red levels, and encapsulated within them speculated inside of the shorter timeframes. Although the trade is going against me, I am using risk management that is proper and comfortable for my trade style. I am considering switching back from my new style/experiment from intraday back to a more swing trading style and larger timeframe - as this style is causing me stress along with college.
NEW
new trader possible several intraday captures using flowHave bias on several possibly intraday captures for the EURUSD; as I suspect price is ranging between my levels indicated in blue and red. this is because price may be ranging between the two, and using my current methodology aim to exploit and capture price fluctuations at low risk and gain moderate at at best, high returns. I believe there is a short opportunity as the overall momentum trend line is heading downwards for either intraday or more long duration trades. Furthermore, as many traders state the trend is your friend, although being creative with your own ideas, it is good to utilize what works.
Bulls on the HorizonWith the bear flag officially over and a minor breakdown as the result, things are starting to look really good for the bulls once again in BTC.
Price action is moving sideways while it steadily recovers and consolidates above 8000USD.
We are now long out of my previous chart's descending channel, and have just popped through sideways out of the purple descending wedge.
I have left the white top line from the flag pole up on my chart for now as I still believe that will be an active point of resistance.
So what do we do while we wait to see and confirm what the next developing trend will be?
For me, I am satisfied from all the trades and plays made last week, so I am going to hold my bags until the next plan of action can fruitfully develop.
I think with a little more work the bulls can regain full control, and this crazy crypto market can be off to the races once again- perhaps not the moon, yet.
Before I invest in any more long, hodl positions, I want to see two things. I want to see the USD price remain fully above 8200 (I don't want to even hear so much as a whisper about 8000 again), and I want to see price break above 9200. Then, and more than likely ONLY then, will I start going back into the "bull and hodl" mindset.
Of course in the crypto game, this can all change very quickly as the next trend develops, so as always- keep your eyes on the charts! The bears are not down and out, so do not under estimate what could happen.
Stay safe, gamble smart, and keep faith my friends.
- RECT
*** Don't take my word for it, I'm just a rookie who studies a hella lot ***
new trader utilizing trend momentum, flowHave bias to believe that, as trend momentum has been broken, from upwards to downwards on the 4HR/1HR charts for the EURUSD -
but overall may be going long for the Daily and Weekly chart timeframes. I believe price may spike down and hit my levels colored blue for a overall rally on the Daily and Weekly charts. However, I would like to capture price going down on the H or 4HR in order to gain more experience with longer, intraday, type of trading, as I believe it fits my style more, and I would perhaps like to trade more often as in full-time. Risk is a conservative acceptable level for me.
new trader utilizing flow methodologyI have bias to believe that price for the GBP/USD will slightly fluctuate or reverse with my designated zones. this is due to levels within the blue and red zones where there I believe may be a imbalance, and price will flow, or reverse in order to go to other levels. My trades placed are limit orders, and aim to capture these reversals with low risk, and moderate-to-high rewards. This strategy is used with analyzing the current trend momentum, blue levels and red levels indicating imbalances we aim to exploit for low risk trades.
At the moment, I am testing a new strategy of my existing, seeking to capture and exit 3 trades during their reversals.
AETERNITY/BTC (ADDED TO BINANCE YESTERDAY) - CLEAR GAIN TARGETS
BINANCE ENTRY PRICE: .0005840
BINANCE ENTRY SUPPORT: .0003254
BINANCE ENTRY RESISTANCE: .0003878 = (TARGET #2)
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SECONDARY SUPPORT: .0003622
SECONDARY RESISTANCE: .0003727 = (TARGET #1)
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CURRENT SUPPORT: .0003442
CURRENT RESISTANCE: .0003545
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MACD: UPTREND
CHANNEL: DOWNTREND
RSI: UPTREND (39.45)
TARGET #1: .0003727
TARGET #2: .0003878
ABOUT AETERNITY
æternity is a new blockchain technology, designed to deliver unmatched efficiency, transparent governance and global scalability.
Since the introduction of Ethereum in 2014 there has been great interest in decentralized trustless applications (smart contracts). Consequently, many have tried to implement applications with real world data on top of a blockchain. We believe that storing the application’s state and code on-chain is wrong for several reasons. We present a highly scalable blockchain architecture with a consensus mechanism which is also used to check the øracle. This makes the øracle very efficient, because it avoids layering one consensus mechanism on top of another. State channels are integrated to increase privacy and scalability. Tokens in channels can be transferred using purely functional smart contracts that can access øracle answers. By not storing contract code or state on-chain, we are able to make smart contracts easier to analyze and faster to process, with no substantial loss in de facto functionality. Applications like markets for synthetic assets and prediction markets can be efficiently implemented at global scale. Several parts have proof-of-concept implementations in Erlang. Development tools and application essentials such as a wallet, naming and identity system will also be provided.
WHITE PAPER: aeternity.com
As always, we recommend for every one to further expand their knowledge and do as much research as possible when investing. These are our own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
Times New Bank TAPurple box: Support/Buy-In
Target Price 1: green box
Target Price 2: yellow box
Target Price 3: red box
ETH looking extremely cyclic and going to 1800After the last couple of bearish days I lost confidence in my previous ETHEUR analysis. Especially because guys like "sebastian.seliga .7" said we might be in ABC correction.
But now I am even more convinced that I'm right.
ETHEUR hast been extremely cyclic and has already performed at least 2 of these cycles and right now we are in the 3rd.
Every cycle starts with the crash of the last all time high. (ORANGE) There we can see a fist drop followed by an even deeper one to the area of the support from the last cycle.
Then we have a quick recovery (BLUE) followed by a smaller downward wave (YELLOW) wich is not going higher than the last (BLUE) recovery.
After that the chart consolidates and volatility should go down.(GREEN)
After the consolidation we can see a new rally to a new all time high (CYAN).
For the new all time high there are different possible ways for calculation (WHITE):
1. increase since last consolidation (~640) to last all time high (~1200)
consolidation now (~950) to new all time high --> 1780
2. crash (~400) to last all time high (~1200)
crash (~600) to new all time high --> 1800
So I personally believe we might see something around 1800 for a new all time high in a couple of days.
Do you think the same?
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all trades on your own risk
USD V Bitcoin Old Money v New: FIAT v LAMBO Speed of Change USD V Bitcoin Old Money v New: FIAT v LAMBO Speed of Change
This is a fractal of a crypto move that we see almost every
day in cryto-land. They see it in olde worlde FIAT time every
few...years ! Seriously. But it's exactly the same kind of thing
we see every day in the growing universe of 12 or so top coins
that many of us trade daily.
This is a good fractal, no? 1 year in olde worlde money = 2
days in crypo land, roughly, so roughly 125 times the speed of
change with 250 trading days per year in the old world.
Imagine going fishing a nd one big fish swims by ...per year.
Are we not lucky?! The trading opportunities of a lifetime
swim by almost every day. All we have to do is catch them.
And if we miss one there's no great need for FOMO. there's
another coming very soon. All we need is movement. Just so
long as we get it we have trades and opportunities aplenty. Or
you can take it real easy - and drive a Fiat currency instead.
Good to resume service.
TNB/BTC (BINANCE) 10/30 DAY PROJECTION50% FIB RETRACEMENT FITS NICELY INTO THIS TRIANGLE PATTERN – IT MARKS THE END OF A VERY NOTICEABLE CYCLICAL CORRECTION - BREAKTHROUGH COULD REPRESENT ITSELF AT SAME ANGLE OF ALL PREVIOUS FRACTAL OSCILLATIONS. FROM THE LOOKS OF IT, SIMILAR MOVEMENT COULD POTENTIALLY BE SEEN AGAIN LATER; ONCE IT BREAKS UPWARD TO A NEW RESISTANCE OF .00001500.
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!
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.