Reversalpoint
Seeking enter point in altcoin market? DOGE's answer!It is all about timing in altcoin trading, to maximize our profits, we have to 1) find the right coin; 2) find the right time. To me, the latter is even harder because the market has provided us plenty of opportunities, it is not easy, but not that hard to find a promising altcoin, however, timing is very difficult to determine as we might suffer longer loss or loss of opportunity cost if picking up the wrong timing. More importantly, in a market with so much fluctuation, nothing is more easily lost than PATIENCE. So, even if we find the right coin, we might still sell too early to secure expected profits.
It is absolutely very difficult, nearly impossible, to predict the price peak of a uptrend of a coin, however, it is possible to find a better, if not best, timing to start our long position to ambush the future uptrend. A better timing could offer us: 1) shorter time waiting; 2) lower threshold level of patience; 3) smaller opportunity cost.
In the long run (daily chart for altcoin is already very macro-scope), you have to take volume very seriously. Sudden increment in volume should always be flagged because it is a very important forecast indicator. By using OBV and OBV/PRICE, we could follow the impulse and buy when it happens.
However, even if a huge winner like DOGE, the waiting is no less devastating and it is no so easy to take all the profit because early selling is quite possible. So I recommend multi confirmation, even if the OBV sometimes shows great potential, consolidation never ends unless it is broken with volume, which also provides room for OBV to rise significantly.
Investors may well sometime frightened by a sudden impulse in price and choose not to chase, but we must analyze whether the breakthrough is solid. In the example of DOGE, you still have the chance to open your position at 30 satoshi in 4 days. Never buy in with panic, re-check the OBV, be really greedy when it wakes up to avoid buying too early.
Continuation Levels USDCAD 05/01/2018After the recent downtrend, I prefer to look for reversal opportunity,
If the price will break the confirmation zone, it's a sign that the price
Tends to reach the supply above, therefore I'll look for P"A setup for
Buy position, the target will be the supply above.
ETC - 5th correction waves completed, confirmed by double bottomETC bull cycle is coming. The last correction has ended at the bottom. Price bounced up and confirmed that support 59 days later. Cleary two strong signals for a bullish market.
On the daily chart, MACD is crossing the signal line and goes bold-ish up. Volume is getting positive. RSI shows also a lot of space to accumulate.
Market Reversal predictionThe bearish trend might be able to hit support and bounce back to hit the 38.2% level to then retest. if it breaks then will hit the 61.8% level and again a possible reversal, if it breaks then will go bullish towards the resistance.
Can BRENT rally to 70? Strange PatternPlease like and subscribe if you want more analysis from me... I will appreciate that.
What's the point for OPEC to cut oil -1.53% supply if America flooding the market with it?? The only one question, for now, is whether oil -1.53% rally will end at the end of December or at the beginning of first quarter of the year 2018? However what the chances that BRENT will rally tp to year 2015 highs?
Read this Articles for further research:
www.bloomberg.com
www.wsj.com
www.wsj.com
USDJPY- Get read for another sucessfullshortUSDJPY- Get read for another successful short.
Why?
1- The pair is moving inside a Range
2- Huge Resistance area above 113 regions.
3- Fundamentals and Safe Havens vs Risks, makes this a Very Volatile pair.
Recommendations
1- The Key to Win this trade is your mindset, don't bother about the short term price action.
2- It is likely to be a "Hard Victory", with lots of fight "price action".
2- Just stay inside this scheme but please don't marry with the idea at all.
3- Follow your trading instincts, and unleash your emotional potential.
4- Have yourself a Plan B.. or you may you prefer to test it on the demo account.
4- I Will not be responsible for an unfavoured outcome.
Good Luck Traders!
GBPUSD - SELL down to 1.335 Price is in the 61.8% retracement zone from the last swing from 1.365 to 1.3025 + PA resistance + upper channel resistance.
Since there was a falsebreak on the 1H time frame i believe price will go down to 1.338 at least . If 1.338 zone will be broken next support will be 1.335 zone.
Best of luck :-)
AUDUSD - sell untill support zone 0.75 Main trend is down and a false breakout occurred inside price action resistance zone + top of channel + fibonacci confluence + reversal pattern .
Therfore it looks reasonable to me that price is heading to 0.75 zone.
The zones are marked on the chart.
Best of luck :-)
Key Levels EURUSD 23/11/2017Looking for reversal opportunity in EURUSD, if the price will breakout
The confirmation zone (last low), there is high probability the price tends to reach
The demand below, I'll look for reason to open sell position in order
To reach this demand, there is a space of 70 pips between levels.
It can be a great intraday opportunity.
XAUUSD prepare to longXAUUSD fell from the high at 16 October
We think it wants to create a pattern to make a bottom then rising, Let's talk about rising and it's target when the ABCD pattern complete
Now we should watch the price level 1274 ( red line ) in the beginning of the week, if XAU test it and reverse we will update and talk about targets
THANK YOU
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Litecoin/USD 2nd OptionThis might as welll happen. The trend is respecting ceilings and floor resistances. If it breaks we might see LTC reaching $90.00-$100.00 very soon.
BTCUSDT New Swing High D/W/M Reversal Bearish PullbackI plan to enter on my 30 m chart when current candle opens/closes below the trendline. My TP is the 100 sma on 30 m.
Strength to Easyjet's share price.Check the numbers on the chart when reading each point below:
1 - Was a gap down and continued the downtrend
2 - After a reversal at 1138, Ryanair and Monarch woes have
signalled a reversal.
3 - Next Job for EJZ is to break its downtrend and surpass 1450
AUDNZD BEARISH PROJECT - 2 in 1Greetings, Everyone!
Major red bearish Wolfe wave was formed by the FX:AUDNZD pair.
It is being supported by RSI divergence as well as the formation of minor orange pattern inside its internal structure.
The closer look at orange WW reveals that it is also being backed by RSI divergence.
Significant volume rise at point 5 confirms the importance of this area and indicates either continuation or possible reversal of the current trend:
Interestingly, the planned TPs of both waves also lay at one straight line (from point V to point VI).
6 lots opened at 1.0837 SL 1.09459 TP1/2 1.06510/1.03602
AUDJPY ReversalThe bearish profit target was hit, a pin bar formed. Still waiting for bullish confirmation, but a tight stop would be feasible. Could enter and ride back up to resistance.
Entry: 85.877
Stop: slightly below pin bar, or 30 Pips below entry.
1st Take Profit: 86.510
2nd Take Profit: 86.990
"Trade what you see not what you think" Bearish Sentiment Validated confluences
1.Uptrend weekly trend line broken
2.Trend trading (Weekly)
3.No major resistance until (8650)
4.Profit margin 1:3
Wait for trend line break to establish Daily Downtrend,
8781-8719 is not a major resistance zone as price action touched the zone 3 times which thoroughly indicates the weakness of the zone.
SPX Ready For A RallyThe SPX is on the verge of a rally inside of the consolidation mode it has been in since the beginning of June. Reversal signals at the bottom of support is a good sign that things are about the change. Only thing left is to wait and see. An attempt to reach the resistance in the chart below is looking very likely. Don't be surprised it market does go up. The signs are there already. Just make sure you know the difference between good reversal signals and bad reversal signals.
NZDUSDPrice has met a resistance level, a daily trend line and also an hourly trend line. Now waiting for a price reversal.
