Priceactionstrategy
Bitcoin TA. Simple Price ActionFirst, I want to say I am strictly a Price Action trader. I like to keep my charts simple and clean and analysis the same. So if your looking for some long drawn out reason for BTC to be doing what it is doing then this is not for you.
Weekly/Daily
Price has made a Head N Shoulders pattern on the Weekly timeframe indicating that price may be heading to lower numbers.
We have a Descending Triangle into support on the Daily timeframe as well also indicating lower numbers. If we break, retest and support flips to resistance, we can look forward to 20K possibly.
Binance Coin price broke important level! BNB/USD analysis.Binance Coin is located just above the very strong Support/Resistance level, which was created on the 11th of March.
At the same time, we got over the formation of the triangle. At the moment, we have the opportunity for a Long trade. Simultaneously the price is above EMA 200 daily.
On the other hand, we know that the formation of a triangle often has so-called "Fakeouts", which means that there will be a false breakthrough and the price will fall again.
Now we need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
Today I will discuss all the essentials and based on our Price action strategy we will look for a suitable place to enter. Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.
Polkadot falling to 14.200!! Price action strategy will help us.On the DOT / USD currency pair, I expect the price to fall to 14,200. At this point, there is a confluence of strong support levels and the bottom trend line.
Now it is necessary to wait for the price reaction and then switch to a lower time frame because only from what is happening inside the subsequent candles we can determine whether there will be a rebound and the price will rise from around 14,200. After that, the space has to rise to values around 18,000.
On lower time frames, we need to use the Price action strategy. Remember, without a strategy, your trading is gambling.
Cardano between two important levels. ADA/USD analysis.A strong upward move is expected on the Cardano chart. The reflection from the bottom trend line of the triangle really indicates the tendency for the price movement upwards.
On the other hand, we are just below the strong price level, where we meet weekly Pivot point and daily Pivot point. This is not common and we definitely need to be careful.
However, we will switch to a lower time frame and use our Price action strategy to find a suitable place to enter. We share all the details with our members and they will be the first to enter the market with us.
We wish you a nice traing.
Your UCT
BTC USDTBitcoin can go down from $ 70,000 to $ 35,000
This analysis is based on Classic and Price Action
There is no limit and it is void above the trend line
COSMOS is printing double bottom (W) pattern.Waiting for signal.ATOM's price is forming W pattern. One of the rule of W pattern is to bounce from central point as you can see on our chart. If this pattern is confirmed and bounce will come we can take a long.
But it has to be confirmed by Price action on lower time frime. We are monitoring this Price action signals with our members.
ETH is on the edge! It is not difficult to predict what will...On the Ethereum chart, a descending triangle forms and the descending triangle formation belongs to the bearish price formation, by means of which we assume a further decline in price.
On the other hand, the price is above the EMA 200, which indicates a bull signal.
Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter. Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.
Apollo Tyres go Long
This is the Weekly time frame of Apollo tires. Accumulate at current levels with Sl below 215 with targets of 240/265/290.
Risk reward seems favorable. Thanks !!
For weekend classes on fundamentals and technical for cheapest beginner course. ping me
ADA/USDT Analysis. Cardano HAS VERY GOOD CHANCE :)Cardano is out from Daily trend line which was in Down trend. Now we have nice chance to go up. Only one thing can stop us, it's strong Daily S/R level plus Pivot point R3 (means daily resistace).
We will swith to lower timeframe and look for entry. Our Price action strategy will tell us what to do. :)
Keep in touch with us and Happy trading :)
[Reliance]: Break and Retest done and Ready for Power MoveReliance looks strong in the chart and breaks downward trendline and retested followed by a bullish candle.
So, I am looking to go long in Reliance above 2235 with initial Stop Loss @ 2105 for the First Target of 2365 and 2nd Target of 2495
1st target has a Risk-Reward ratio is 1:1 and 2nd Target has a Risk-Reward ratio of 1:2
If my 1st target achieved then, I will trail my SL from 2105 to 2149
Cosmos ATOM/USDT current setup. Price action strategy baby!!!On the ATOM / USDT chart we can see how the price responds beautifully to Pivot point R1 daily and also Pivot point P weekly.
After breaking the daily trend line, the price rises, but we are close to Fibonacci level 0.382, where the price will certainly respond.
At the moment, I prefer the price drop to the current trend line.
On a lower time frame, we have a nice opportunity to enter. Therefore, it is important to do Multi time frame analysis. In my case D1-H1-M15.
Happy trading.
BankNifty Support and Resistance [28 Jun 2021]Red lines are resistance area and Green lines are support area.
On Monday, if BankNifty breaks the green trendline, then it may fall further. So, in case it breaks Green trendline then wait for it to retest the Green trendline to enter into a short trade in future or short BankNifty ATM Call option.
On the other hand, if it breaks red trendline then wait for it to retest the red trendline, then go long in future or short ATM PUT option.
DOGE coin is The real S***. Funny coin without a reason to grow!Doge is the real s***coin. It also responds to news and Tweets very sensitively. There is no reason to grow. Maybe some whales will take stoplosses.
The technical analysis is not entirely clear, except that the main trend is down trend and the secondary trend line is also down trend.
Since the price is on the Point Pivot, the quick Scalp Trade Long is possible, but prefer Short.
We will give us more ''Price Action'' at lower time frames. I'm going to look for entry...
REMEMBER: Trading witnout Rules based strategy is pure GAMBLING!
CARDANO falling as hell. Check if bounce up.On the Cardano chart we see how the price reacts to the Trend line showing a down trend.
At the same time, the price is below the daily EMA 50 but above the daily EMA 200.
Reflection from Fibo 0.786 but above Pivot point R1.
According to timeframe H1, it is not clear where the price will go next, it is necessary to look for a signal to enter on a lower timeframe.
Our strategy based on Price action will help us with this.
Trading is not difficult when you stick to a strategy based on clear rules.
Happy trading!
ChanLink: The current fight between bulls and bears.ChainLink is trying to break the current trend line, which indicates a relatively strong down trend.
Apart from TL, the current price is reflected in resistance and Fibonacci level 0.382.
On the other hand, when the price falls, the price hits the Pivot Point R1.
At the moment, the fight between bulls and bears is in full swing, without a doubt.
Price action in lower time frames will help us estimate the direction in which the market will move in the coming hours.
ADA/USDT Analysis. Cardano under 1 USD ? Cardano is in a strong down trend. In the multi time frame analysis, we see a line down trend on H4 trend, and also on H1.
What matters is what Price action will show on the lower time frames.
At this time, we prefer a drop to 1.05 and below $ 1. An alternative scenario is a turn up and a rise to 1.16 and further above 1.26.
Do not trade without proper rules based strategy. Never!
Hey SXP, feel free to continue the decline, I don't mind...The price of SXP is between two strong daily S / R zones.
At the same time, we are below the TL signaling the Down trend and also below the EMA Daily 200, which also indicates the downtrend.
However, the current support has already tested 3 times and stopped the falling price. This may signal an upward reflection to test the trend line.
The most important thing is what happens inside the current hourly candle. We can find out if we switch to a lower time frame.
Ideal for entry according to our Price action strategy is the time frame M15, where we evaluate the current situation and decide accordingly whether to trade SXP.
[TataMotors]: Set for Breakout and Likely to Hit All Time HighTataMotors is strongly bullish and ready for a breakout.
I am planning to add some shares of TataMotors to my portfolio.
Entry Criteria:
Long Only- TataMotors looks strong above 361 with an initial Stop Loss at 251 for a target of 600
However, I will book partial profit near short term resistance levels @ 432, 485,550, and final 600
Risk:Reward ratio is more than 1:2
