Pairs
How to Prepare for Your Next Ethereum Trade, using PRICE ACTIONIn this technical analysis I attempted to make the chart as self-explanatory as possible, all information should be easily available and understandable. However, if you have any questions feel free to drop a comment down below or to send me a private message.
Next Target for Bitcoin: $17,000 - By Trading-GuruIn this idea for Bitcoin I show how you could set-up a long position in the bullish scenario that the ascending channel holds.
We can see a very important confluence at the moment the ascending channel touches the support zone. This could be a great point to enter a long trade.
Then, for the take profit location I suggest the second important confluence, the moment where the price will touch a psychological resistance level of $17,000 exactly during the time it hits the resistance line of the ascending channel
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
EURAUD Longshot!I feel like this price point will challenge at least 50% of the most recent high!
I entered this trade since the daily and the 4 hour were at the bottom of the stochastic and it seems like the current flag down is approaching its end.
Good Luck!
Tp's
1. 1.63405
2. 1.63869
3. 1.64382
4. 1.65188
5. 1.68292
BNB With Fantastic 13% LONG Opportunity!After the massive inflow of overall marketcap due to the big news events of BTC rising and due to overall bullish markets on Gold and BTC after the elections, it is now time for the alts to start performing.
We have seen already a very impressive gain here from BNB/USDT, but I expect a lot of great results in the future still. I suggest to be bullish on any alt, but particularly BNB also due to the fundamental success of Binance.
The only question is, what is the best location to enter such long position. I suggest to find any retracement you can. The price might move upwards with vigor, and there might not be many buy opportunities.
Anywhere around the .382 fib level seems like a good buy already. I suggest to hold it until at least $32.5
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Sudden Run on BTC Can Lead to CRASHHi all, I wanted to share this quick analysis on the 1h with my followers. There is some interesting behavior on BTC that I've been looking at for the last hours that I want you to know about.
After every smooth run upwards, the price has dropped much much faster than the time it took to gain that price.
Now that we're in the consolidation phase as per my previous idea, I want to warn you. The price is relatively high again at ~13,600 and a crash might come soon.
Make sure you are not fully in long positions right now, and remember to buy low and sell high!
-Trading-Guru
[Educational Content] - How to trade RSI DivergencesIn this technical analysis I will go into depth on how to trade an RSI Divergence taking this beautiful textbook example here on NWC.
RSI Divergences help to mark reversal points. In this trade set-up I suggest a long position on NWC / BTC after we spotted an RSI Divergence and already have confirmed it at the horizontal level.
The horizontal level gets an insane confluence here after seeing three indicators align. First of all, the price is near the golden zone of the 0.618 fibonnaci retracement, second of all the price is near a strong horizontal zone and thirdly the price has seen a confirmed rsi bullish divergence.
*So, what are RSI Divergences*?
Regular divergences are reversal signals. When a regular divergence occurs, it indicates that the trend is strong but its momentum has weakened. It provides an early warning that a trend reversal (or at least a pull back) is likely to follow soon.
Regular divergences can be powerful and reliable entry triggers. In fact, as far as oscillators go (and technical indicators in general), regular divergences are considered the most reliable early signs of a local bottom or top.
Especially when confluence is present, regular divergences can provide “high probability” trading setups. Therefore, strategies involving divergences tend to be relatively forgiving when traded using a low Risk Reward Ratio.
For smaller marketcap coins it is also important to check fundamental principles. As you noticed over the last weeks I am a huge fan of NWC. As a trader myself, I am looking forward to the functionality that NWC will add. Interesting knowledge is that the roadmap of NWC is publicly available on their website, which means you can easily predict whenever major events are going to happen and trade accordingly. I found that in Q4 the mobile app is likely to be released, which adds to the bullish sentiment of NWC right now.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
New trades $CL $KMB $AIG $BKQuiet day in the markets, volatility down slightly, all sectors seem to be trading together in wait and see mode. No exits today, entered 2 new pairs trades. Will likely enter more trades tomorrow and Friday but don't plan on entering any new trades next week going into the election.
Jared
New trades today $EWG $EWD $CAR $URI $AMT $O$VIX inched higher to 29.2 and I expect it to hang around the 30 handle going into the election, no exits today, I put on 3 new pairs trades and plan on taking them off next week and most likely flattening my entire portfolio into cash going into election week.
Jared
New Pairs Today - $LOW $TJX $AVB $IYR $DBX $BOXHey guys, we had a nice uptick in volatility today with the VIX climbing to 29.2, with that I put on 3 new pairs trades. Long $TJX / Short $LOW - Long $AVB / Short $IYR - Long $BOX / Short $DBX. I still have 3 other open pairs trades.
Barring any unexpected event I think volatility could stay tame up until the election in 2 weeks then we could see some massive re-pricing on the day of the election and the following several sessions as the market re-prices assets according to what new administration is set to takeover the White House, so I plan on having light exposure going into the election, not putting on any new trades in the several days leading into the election and then look for volatility spikes afterwards to enter new pairs trades.
Jared
Bullish Ethereum Will Soon Find Resistance!Here on Ethereum we can see two very interesting consecutive trade set-ups based on the recent fib retracement.
All information is available on the chart, but it boils down to making use of a few very important levels: the 0.5 fib reversal level and the $400 psychological resistance.
I suggest a long position towards ~$395 and then a short position back to $375.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
New Pairs Trade - $CHRW vs $EXPDHey guys, final update for the week, I exited the pair $CGC vs $CRON and entered a new pairs trade long $CHRW vs short $EXPD, this pair has a profitable history and looks good technically right now. I ended the week up and expect market volatility to increase over the coming weeks into the election, I've left a lot of powder dry ready to take advantage of the spikes in volatility and enter new pair trades as they present themselves.
Have a great weekend and see you for trading on Monday!
Jared.
Today's Pairs Trade - Long $EPOL / Short $EWMHey guys, today I exited my shorts in $MSFT $FXI and $F and am now sticking just to pairs, I think market conditions will be good for staying market neutral especially coming into the election where we could see strong one way moves in the market making it very difficult for directional trades. On the other hand these highly volatile market spikes can present great opportunities for pairs trades.
I opened a new pairs trade today, long the Poland ETF $EPOL and short the Malaysia ETF $EWM in equal dollar amounts. Using the Buy Sell Bands on this pair has shown very strong historical results as I show in the video.
Stay tuned for my update tomorrow.
Cheers,
Jared.
New Pairs Trade - $KR vs $KHey guys,
Just a quick update on how my current trades are doing plus I put on a new pairs trade today; Long $KR / Short $K - Both are large cap food companies with a strong history of profitable pair trades using the Buy Sell Bands as I show in the backtest results.
Check in tomorrow for an update on how my trades are tracking.
Cheers,
Jared.