LTC/USD - Buy OpportunityWhat's up traders,
Here we have LTC/USD on the 4H chart.
LTC/USD appears to be ready for an up move. Litecoin has recently been in a gentle downside correction after the strong up move previously. Since then, I have been watching for levels for it to bounce.
It appears LTC/USD is now ready for a nice up move. Price recently retested a strong horizontal support zone at 244.00, and showed strong reversal candlesticks at the lows. This indicated there could be sufficient momentum to break the sidewards resistance at 271 and break to the upside.
If price successfully breaks and closes above the sidewards resistance line at 271, I am expecting an up move to the upside target of 364.
Below I have posted my other Cryptocurrency related ideas. I would appreciate it if you could view my other content an leave a like.
I will updating this analysis if it exceeds 40 likes.
Signalspackage
BTC/USDT - Current Level Is KeyHello traders, I hope you're all having a wonderful Christmas.
Here we have BTC/USDT on the 12H chart.
BTC/USDT has been in a correction move since the long term uptrend. More recently price has bounced on a key horizontal support zone at 11980, and is now bouncing a second time at this level. Price could consolidate at this support.
As it stands, it appears that BTC/USDT is ready for an up move. Price is not only at a horizontal resistance, but is also at a point of Fibonacci key retracement support. And there is also a Fibonacci support confluence! This means that BTC/USDT is currently trading at a major support level. This in itself is no guarantee of a up move, but, it does tell us one thing. If BTC/USDT is able to break below such a strong support, what does this say about the trend integrity of Bitcoin? It could tell us BTC/USD is obviously quite weak.
I am expecting an up move eventually. It may well break below the current support and go to the lower support zone at 7550. But as mentioned above, if it breaks the current support zone it does say a lot about the true strength of Bitcoin as a whole.
I now think, a break below current support says not only a lot about price, but a lot about investors psychology and investors sentiment towards this Cryptocurrency. All bets are off for a long term uptrend if such a monumental level is broken, as it is basically an agreement that the uptrend will stay in place.
BTC/USD - Signs Of MomentumHello traders,
Here we have BTC/USD on the 4H chart.
BTC/USD has completed a correction move recently, and has since began rallying to the upside, which I predicted in my previous analysis and we have got the move (See my related ideas for details of this analysis)
After the upside pop, I have a slightly different perspective to my analysis. Since price broke to the upside, it has met a side-wards resistance at 14620. The candlesticks are showing strong upside momentum, and there is a good chance price has the strength to breakout. This isn't to say it is a guarantee of a new up trend, but is certainly reassuring after the big drop seen in Bitcoin recently.
I believe that price has found a true bottom, that BTC/USD will eventually break out to the upside, breaking the sideways resistance, and going back to it's upside again.
There is 2 ways this trade will play out, I have outlined these below:
-Price successfully breaks the side-wards resistance at 14620, and travels to the upside. This scenario would be much preferred if price successfully retests the side-wards resistance level as a new support. It would be even better if price successfully retests the resistance channel, and the horizontal support zone highs at 13150. If price confirms at both support levels, this will be a much more reliable up move if it retests both support levels, rather than just 1.
-Price stalls at the side-wards resistance level at 14620 and retests the horizontal support zone before eventually breaking the side-wards resistance at another time.
In my related ideas, I have posted my other recent Cryptocurrency ideas. I recommend taking a look so you can fully understand how I came to my new Cryptocurrency analysis.
I will be updating this analysis if it exceeds 40 likes.
BTC/USD - Bottom FoundHello traders,
Here we have BTC/USD on the 1H chart.
BTC/USD has had a correction move, after a long term upside rally, which I predicted in my previous analysis and we got the move (See my related ideas for details of this analysis)
After the correction, it appears BTC/USD is ready for a new up move. Since price has hit a strong structure support, there has been signals of downtrend slowing and reversal candlesticks showing bears are losing steam. The candlesticks are showing the beginnings of a change of command from bears to the bulls.
I believe that price has found a true bottom. If so, this can be a great launch pad to consider buying BTC. I am watching BTC/USD closely, and won't hesitate to make a buy if it sets up properly.
I am expecting an up move up to begin, to reach target of at least 18910. If price successfully breaks side-wards support at 18910, price could extend to it's extended target at 21330. I have achieved this target be calculating the long term bull impulse leg, and applying it at current price bottom, whilst assuming price has hit a true bottom.
Bare in mind, if price achieves the extension target, I believe this will be over a fair period of time. Price is still in jumble, and I expect the up move past the resistance structure to take some time.
In my related ideas, I have posted my other recent Cryptocurrency ideas. I recommend taking a look so you can fully understand how I came to my new Cryptocurrency analysis.
I will be updating this analysis if it exceeds 40 likes.
GBP/NZD - Sell OpportunityWhats up traders,
Here we have GBP/NZD on the 1H chart.
Price recently had a correct up move after an extended down trend, and has hit a historical support between 1.9200 and 1.9250. Since price hit this level, price been showing signals of weakness.
Prior to seeing price hit the horizontal resistance zone, price tested the sideways resistance channel. This was a sign of strong weakness. With this in mind, if price retested the horizontal resistance again, it would be a great short. This is exactly what has happened, and we tested the channel resistance, horizontal resistance, and also saw a double top set up.
I am expecting price to begin a down move away from the resistance zone, to a downside target at around 1.9050.
Due to the multiple resistance levels, the candlestick behavior at the resistance zone, and the resistance on the 200 moving average, this could be a strong down move.
I will update this analysis as it progresses.
BTC/USD - Further UpsideHello traders,
Here we have BTC/USD on the 1H chart.
BTC/USD had a correction move, after completing a bullish move up to the first target at 19380, which I predicted in my previous analysis and we got the move (See my related ideas for details of this analysis)
After the correction, it appears BTC/USD is ready for a new up move. After price hit a Fibonacci key retracement support level at 18910, price began to show reversal candlesticks. The candlesticks are showing a change of command from the bears to the bulls, and I believe the bulls have captured this move.
I am expecting an up move up to the upside target level of 21000. I achieved this target by calculating the previous bull impulse leg, and then replicating a measure move, thus having a target zone.
I will be updating this analysis if it exceeds 40 likes.
GBP/USD - Trading Opportunities AheadWhats up traders, I hope you are all having a good start to your trading week.
Here we have GBP/USD on the 4H chart.
Price has recently been rallying since price bounced on the structure support zone at 1.3300. Price is now approaching a side-wards resistance level at 1.3430.
At this present moment, there is 2 primary outcomes I have in mind for the GBP/USD trade. Price can either carry on past structure resistance or break down for a correction. I have more specific information about each trade outcome below.
The likely trading scenarios are:
- Price breaks side-wards resistance structure at 1.3420 and carries on to the upside. If this happens, it will show bulls have strong control over the pair and we want to be buyers. I will want to see a retest on the side-ward resistance turned support structure before I considered a buy in GBP/USD.
- Price completes a move to side-ward structure at 1.3420 and has a correction down move, before eventually breaking the side-wards resistance structure. This scenario would show GBP/USD to be slightly weaker than the above scenario (as it failed to breakout) but a correction within structure is natural,. It just means we might have to wait a little while longer to get the side-wards resistance breakout and the buy opportunity.
A down move before a breakout might signal that a correction is required to confirm and create the necessary momentum for a structure breakout. So either scenario, GBP/USD deserves a place in the watch list.
I will be keeping a sharp eye on GBP/USD throughout the week.
I will be updating this idea in real time if it exceeds 20 likes.
Ethereum - Bullish GartleyWhats up traders, I hope you are all having a good weekend.
Want to start by congratulating anyone who followed by BTC/USD trading idea that I posted yesterday. We successfully got a 1300 move from the idea. I have also posted many other BTC/USD ideas recently that have all profited too. I recommend taking a look at my previous Crypto currency analysis to keep up to date.
Here we have ETH/BTC on the 2H chart.
Price has recently moving to the downside. Price recently tried to recover from a correction after a bullish impulse leg, but has stalled under bearish pressure at 0.040970. Since then price has been breaking down to the downside.
When it began breaking down, I began analyzing the ETH/USD chart, to find some good buy opportunities.
Upon analyzing Eth/USD on the 2H chart, I discovered there is a potential Bullish Gartley Pattern in play. As it stands, price looks like it has completed the C leg at 0.040970, and has began falling.
In order for this pattern to complete, we need to see a final down move to the D leg. Once we have a move to the D leg, the Gartley pattern completes and we will have a buy opportunity.
I am expecting a down move to continue from the completion of the C leg, down to the D leg at 0.03050. After this, I will be looking for the buy opportunities.
EUR/CAD - Sell Opportunity On BreakoutWhat's up traders, I hope you are all having a good trading week so far.
Here we are analyzing EUR/CAD on the 4H chart.
Price recently had a downside impulse leg, and has since been correcting to the upside. Recently, the correction has slowed, and has gone more range bound, implying a loss of steam from the bulls.
Knowing this, I put EUR/CAD straight onto my watch list (Knowing there was localized structure right near the level price was currently trading at) and have been watching for a set up. When I analyzed the 1H chart, it was then I discovered the sideways support channel which is encapsulating the correction.
With the above knowledge, I realized one way to get into this short is to find a way to know that the long short term uptrend (The corrective upside leg) was definitely going to stall, and I needed to know also when price has officially broken this temporary uptrend. How do I do this, you ask?
How do I determine when the price has officially broken this temporary uptrend?
I use the sideways support channel as my indication if the short term correction up trend is finishing. Why? Because if the correction has been bouncing on support, then if it breaks, obviously the short term trend has expired!
How can I determine if the temporary up trend is definitely going to stall?
If you see the above analysis, you will see price hit a key Fibonacci retracement resistance level, and price has extreme weakness when it hit this level too, so this confirmed to me that this level is obviously a hidden resistance level. Further that the down move was so eager due to the massive rejection Doji told me that price was thoroughly exhausted at this level. It was likely to stall.
I am expecting EUR/CAD to break the channel support level at 1.5120, and have a down side move to my target level at 1.4770.
Bare in mind that price may retest the support channel as a new resistance before the down move begins.
Also bare in mind that the target we have is a measure move of the previous impulse leg, making it a 3 wave move. Also, the 3 wave move coincides with previous price action structure support back in November.
LTC/BTC - Critical JunctureWhats up traders,
Here we have LTC/BTC on the 1H chart.
Price recently had a big upside rally, which has caused quite the hype in Litecoin. This is a coin I have analyzed closely since it's inception as all those who follow me will know.
Looking at the 1H chart after the rally, it appears price has gone into a consolidation zone. It is gone into a very tight range since then, and now we are waiting for the move which answers the big question - Is price going up, or is it going down?
Although I am not sure exactly yet. I would probably put my money on the downside. Saying this, I will always trade what I see and not what I think.
Price is in a major juncture here. Whichever way price goes, it will be with an explosive move. So it's important we have some rules to safely trade Litecoin as it leaves this area of consolidation.
Below I have outlined the 2 outcomes for the pair.
-Price will break the support zone between 0.01784 and 0.01666 and have a steep downside correction, most likely hitting previous structure support at 0.01448000, or if the move is highly explosive, the correction to go to the steepest structure level at 0.01036000. When this mvoe completes we will look for the buy opportunity afterwards.
-Price breaks above the sideways channel resistance at 0.01880000 and the horizontal resistance at 0.01980000. Once this happens there is a possibility of a strong up move which could see us go into the high 0.020000000's.
Bare in mind- that whichever scenario plays out, I will be looking for the long opportunity after the move has completed regardless.
I have posted my other recently posted CryptoCurrency ideas below. Please leave a like.
OMG/BTC - Opportunity To BuyWhats up traders,
Here we have OMG/BTC on the 4H chart.
Price has been having a nice up move since it had an oversold leg. Buyers have taken the opportunity to buy the oversold at the bottom and hold for a retest of at least the structure resistance at 0.00076000.
On the 4H chart, price had a clear correction to the Fibonacci key retracement support at 0.00063500, and since has been up moving.
Price looks like it is in a 3 wave minor move, with the correction at the resistance channel. So we have a target that makes logical sense.
The recent bottom was clearly accumulation (A trend bottom and sideway movement in a tight range before an explosive move), and I plan to monetize on this with this trade.
For now, the pullback has been the earliest opportunity to buy into what looks like the beginning of an at least intermediate term uptrend.
I will be updating this analysis as it progresses.
AUDJPY Algorithm Calculates 88.050 future price!Hey team,
I present to you the calculations of an algorithm I have had major success with. Today's signal is a buy on AUDJPY . The pair has made what our algorithm team calls a "Z-PATTERN". This means that price breaks a yearly high or low depicted by the algorithm, re-tests it one more time and then takes off away from it. This is the core of our system, and has demonstrated results with accuracy between 70-90% win-rates. Our signal goes as follows:
BUY AUDJPY – currently 85.905
SL 85.6
TP 88.050
I will update this trade and post as time goes on, it is approximately a 30 pip stop with a potential 200 pip TP. This gives us an R:R of around 6.6:1.
As always, be safe, use proper risk management and take a peek at my signature in case you're interested in joining!
Litecoin - The Cryptocurrency Of The Future!Whats up traders, I hope you are all having a good weekend.
Here we have LTC/USD on the 4H chart.
Recently, price has been in a strong up move. Price has a lot of momentum to the upside at the moment.. On the 4H chart, it is clear that price will eventually correct.
*Disclaimer* I am in no way implying that price will correct from current levels. I am merely showing where the likely correction areas will be when it does correct.
Despite price having a big bull run, eventually it will be time to correct. I believe that price will eventually stall to one of two levels. I have considered these areas since they are: Of structure, and, they are to be reasonable expected areas of correction based on technicals on the chart.
This trade could play out in 2 ways, I have outlined them below
-When price is ready to correct, it will go to the downside, and seek out the sideways resistance turned support channel at 210.
-When price is ready to correct, it seeks a larger correction to the downside, approaching the first major structure that LTC/USD has ever seen,
at around 155.
Bare in mind that I am an enthusiastic bull with Litecoin. I am merely pointing out possible correction levels that Litecoin will depend on when price lacks momentum.
There is a lot of fundamentals behind Litecoin that I really like, and when I am ready with my next analysis I will be going into the fundamental logic of this trade in more detail.
I will update this analysis as the trade progresses.
In the related ideas, I have posted my other ideas. Please like my other content.
USD/JPY - Continuation MoveHi traders, I hope you are all having a nice weekend. Here is a nice trade for next weeks trading.
Here we have USD/JPY on the 4H chart.
Price recently had an impulse up move, and then an downward correction. The downward correction stalled when price hit the Fibonacci key retracement support level. With this in play, and knowing that we had a previous impulse leg beforehand, it is clear we are in a 3 wave up move, and that this corrective pullback is merely a pullback before the next up move to our target level of 114.40
When analyzing the pairs behavior after the long term downtrend, I discovered that price has only just broken out of a downtrend channel. The resistance channel would indicate down trend was persisting, but since we did not only break the level, we had an impulse leg out of it, it is clear there is strength in this pair, and there is a reason it is rallying.
^ This does not happen by chance. It happens for a reason. Trade what you see not what you think!
Bare in mind that price could have a retest on swing low before the next move up, at around 113.30 to 113.10.
I have added my other recent FX ideas into the related ideas section of this post. I would appreciate it if you could view my other FOREX content and give it a like as this motivates me to post more content.
I will be updating my analysis.
Any questions, feel free to connect.
BTC/USD - Buy Opportunity Is NearWhats up traders,
Here we have BTC/USD on the 4H chart.
Price recently began a corrective move to the downside after a strong upside move. Since price has been correcting, there has been a gentle down move which I suspect will not have much steam behind it.
At this present moment, there is 2 major levels I have in mind for BTC/USD for a correction. We would prefer see the correction higher as this increases the likelihood of the up trend continuing, and I have a few areas in mind. I am now putting my bets on the correction ending at latest, at 14495
The correction levels I am expecting price to hit are:
- 15170 - This is the preferred correction level as this would mean price was supporting on the 20 moving average. On the previous large cyclic move, price supported on the 50. This support on the 20 moving average implies that price could be preparing for the up move, using the 20 moving average as a launch pad.
- 14350 - A correction to 14350 would be the most likely in terms of probability and trend integrity. 14350 is the level which coincides with a sideways support channel and also a key Fibonacci support retracement level. This would be an excellent launch pad for price action to prepare for the new big up move.
A move to 14350 would be a steeper correction, but it would retest a major structure level at the same time. I personally want to see price land on the 20 moving average and get aggressive (Which might be possible with Bitcoin futures around) but I won't count on it. I will watch the chart and trade what I see and not what I think.
I will be updating this analysis as it progresses.
EUR/USD - Buy Opportunity On the HorizonWhats up traders,
Here we have EUR/USD on the 4H chart.
Recently, price has been in a strong down move. Price has recently lost a lof of the momentum that caused the bear run. On the 4H chart, it is clear that price is correcting after some downside.
Despite price having a sheer downtrend, it is time for it to correct. I believe now that price will drop and retest the sideways resistance channel as a new support and/or retest the horizontal support level before the new up move.
This trade will play out in one of 2 ways.
-Price continues to rally to the upside to the upside target of 1.1890. Bare in mind if this plays out that there will likely be some corrections on the way to the upside target on this, and smaller time frames alike.
-Price may retest the channel previous resistance turned support at 1.1740 before the upside. It could also equally as likely test the horizontal support zone between 1.1730 and 1.1700.
If price tests both the horizontal support level and the sideways channel support this will be even more reliable.
ETH/BTC - Downside ExpectedWhats up traders,
Here we have ETH/BTC on the 1H chart.
Price recently had a down impulse leg, followed by a corrective leg. The corrective leg recently stalled at 0.5 Fibonacci retracement resistance, and price has since made lower lows.
Price was correcting in a support channel structure, however the structure has recently broken and price began showing reversal candlesticks, implying a breakdown of price.
Price used 20 moving average as resistance, showing that even if the down move is intermediate (Since the 20 moving average is the smallest) it will be enough to break structure, ride the dollar dysfunction, and still deliver a profit anyway.
I am now expecting a down move in this pair to the target outlined on my chart at 0.016000.
I will update this analysis as the trade plays out.
BTC/USD - Correction DueWhats up traders, I hope you are all having a good weekend.
Here we have BTC/USD on the 4H chart.
Recently, price has been in a strong up move. Price has recently lost some of the momentum that created the bull run. On the 4H chart, it is clear that price is correcting after some upside.
Despite price having a big bull run, it is time for it to correct. I believe that price will now continue to stall to the sideways support level of 13540. When I looked further back at price action on the chart, I noticed that this pair has a tendency of correction before a strong rally again.
This trade could play out in 2 ways, I have outlined them below
-Price continues to rally to the upside to the upside target of 18990. Bare in mind if this plays out that there will likely be some corrections on the way to the upside target.
-Price may retest the upside resistance level of 15570 before the break down begins to the side-wards support of 13770
I am excited to see how this trade plays out.
I will update this analysis as the trade progresses.
In the related ideas, I have posted my other Cryptocurrency ideas. Please leave a like and comment, it would be highly appreciated.
BTC/USD - Is Long Term Uptrend Here To Stay?Hi traders,
As you know, I have been studying BTC/USD for some time.
Price recently broke a minor (Yet significant technical) resistance level at 11820. Price has moved nicely since the breakout, and now I am expecting an up move to the target level of 13580.
Our target is based on a measure move of previous bullish impulse leg and the successful breakout of the structure resistance. The measurement target also coincides with sideways resistance, and Fibonacci extension target level. Knowing this, we now have a very probable and robust target for price to achieve. Price has had a nice run since posting, and I am expecting impulse to continue as per.
The above is just half of the analysis. There is more.
Recently, BTC/USD has been neglecting and leaving behind ALL of the support levels that have been thrown in front of it. This has resulted in obviously a massive price increase, but also a belief that Bitcoin is something not to be reckoned with and is here to stay.
Looking back on the chart, there was recent horizontal support levels for Bitcoin at: 8400, 9100 and most recently, 10900.
All of the above support levels have been completely left behind every time. All of these support levels were never used (Despite having a massive mode which is a compelling support ceiling) and price just ran away to the highs anyway.
Only the most recent support at 10900 has been used as a legitimate support level. Now, even with this happening, BTC/USD used it briefly, and went to the upside.
With structure being constantly left behind, and price gradually using legitimate technical rules such as structure support/resistance etc, we can now see Bitcoin might have had its rally to it's desired price and now price is stabilizing.
With price stabilizing at such high levels, it is hard to argue with the facts. Bitcoin is in an uptrend, and is now stabilizing. Especially with the technical stabilizing we have seen, it is hard to deny that there is a real possibility that the trend seen now could be here to stay, and there could be much more to come.
BTC/USD - The LatestWhats up traders,
Here we have BTC/USD on the 4H chart.
Price recently broke a long term side-wards resistance structure at around 13600. Moving forward, price continued to upside.
At this present moment, it appears BTC/USD is losing steam after the breakout of structure, and it looks like BTc/USD is having a correction move to the downside.
I am expecting price to correct and retest the previous side-wards resistance as a new support and a new up move to ensue. However, if price fails at the sideways support line, there could be a steeper price correction to the previous support zone. (between 11000 and 11900)
There was lots of demand in my private inbox and comments for my to update my BTC/USD analysis, so I have taken the time to share my thoughts here now. I would really appreciate it if you could all leave a like & comment. These are my entire motivation to post more content.
I have also tagged my other recent Cryptocurrency ideas in the related ideas. See the related ideas at the bottom of this post.
I will be updating this analysis as it progresses.
IOT/BTC - Buy OpportunitiesWhats up traders, here we have IOT/BTC on the 1H chart.
Price recently retested a key support level, before bouncing off the lows. The test was successful, and price is now moving nicely to the highs.
Price is currently having a nice move away from support. I believe that price needs to have a retest before considered a integral up move.
Our target is based on analyzing previous structure highs. Our target is at the same level as previous swing high at 0.00047. This move is more than possible.
With the above in mind, I am going to wait for a successful retest on the support zone once more, before I become a buyer.
If price does not retest the support zone again, I will seek a buy if the right set up occurs. But I still believe the odds are improved on a structural retest.
I will update this analysis as the trade progresses.
If you have any questions/queries, feel free to connect.
LTC/BTC - Strong Sell OpportunityWhats up traders, I hope you're all having a good trading day.
Here we have LTC/BTC on the 1D chart.
Price recently broke a channel support level at 0.00900000, and also tested a side-ward resistance level simultaneously. Price has moved nicely since the breakout, and now I am expecting a down move to the target level of 0.00500000.
Our target is based on a measure move of previous bearish impulse leg and the successful breakout of the structure support channel. Knowing this, we now have a reliable support turned resistance ceiling, and a good place to short with small risk.
This trade could play out in 2 ways, see the scenarios below:
-Price continues to drop in the same fashion it has been, and achieve target level at 0.00500000.
-Price drops, but then has a correction before the down move (The preferred scenario as a correction will give us an continuation entry) and then achieves it's target move later.
Do bare in mind that price has dropped a lot already. For an ideal trade we realistically want to see a correction.
I will be updating this trade as it progresses.
Einsteinium/Bitcoin - Compelling BuyTraders I recommend reading this entire post so that you fully understand what I have done, and how I have came to my analysis.
EMC2/BTC looks like a compelling long opportunity. I love this set up so far!
After analyzing this pair, I discovered that price appears to be moving in patterns. Price seems to move up 5539 points, have a corrective move to the downside, and then move up again, around 5539 each time.
With this logic, I was able to predict and plot the next move on the chart. I have calculated each cycles move by measuring the amount of points it moved up before correcting. After I found there was an approximate 5539 point move before each correction, I was then able to replicate a cycle at around 5539 points to see the future direction of the instrument.
I am expecting an up move of 5539 which will complete at around 0.00012800. Below I have illustrated the calculations as to how I came to this conclusion.
The principle of the cycles being used here is that every time there is an up move, there is a corrective move, and then an up-move which exceeds the previous move by approximately 5539. With this information we can calculate (using cycles 1+2 data) where cycle 3 is likely to end up. Using the calculations below we can make a mathematical assumption as to where price will lead.
Cycle 1 = Cycle + 5539 = 0.00008100
Cycle 2 - Cycle 1 + 5539 = 0.00009100
Cycle 3 - Cycle 2 + 5539 = 0.00012800
Following these calculations, we can expect a reliable up-move, using previous trend cycles to predict a reliable, yet conservative move.
Do remember that price may correct before cycle 3 initiates. So it is important that you watch this trade carefully before considering a position. I would also like to point out that there is a key side-wards resistance level at 0.00010000. Price needs to break this level and retest this level before Cycle #3 completes.
I will be posting updates on this trade below, so leave it a like or follow so that you can keep up to date with this analysis.