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SOS

ZRXBTC change in market structure potential 15% trade Broke out of the recent down trend and moved sideways forming double/triple bottom and a new Higher high recently had and push and now waiting for retest of support for entry, which is around 38.2 fibs (bullish sign) My plan is to take 50% profit at support/resistance at 2259 and move up SL to the 2500 area underneath the daily uptrend line (red for daily) final take profit at 2868 #SOS #Mybitcoinacademy #MBA #schoolofsparta
Long
by TraderPistolPete
BSVBTC - MBA Trading Academy TA Fridays 10/4/20Price is pushing into the 61.8% resistance level on the daily and has found a little consolidation channel. If we can break above this channel, I'd long to the next key level (78.6% on the daily), possibly taking some profit along the way if we come into resistance earlier. If we form market structure breaking above the channel, my stop loss will be just below the most recent low. If stop loss has to be too big (making less than 2:1 RR), or if we break below the channel, I won't enter this trade. This could take a few days to break above the channel, and may stay in the trade for up to a week.
BLong
by TroyDowsett
XMRBTC 4hr Binance - Breakout soon? SOS TA Friday April 10 2020XMRBTC 4hr Binance - consolidation breakout setup - Monero recently broke out of its downtrend and market structure has changed it is now in an uptrend. - At the moment price is ranging between the 4hr support and resistance as it approaches the current trend. I will be looking for the breakout either way, a move up and out above 0.008127 targeting 0.008680 or alternatively a breakdown from 0.007889 targeting 0.007272. Current momentum is up so in my opinion the long will be the safer setup. However, if price approaches the 4hr resistance and gets an obvious rejection, it could present a good short opportunity if we can then break support as the 4hr resistance is close to the 61.8 Fibonacci retracement level. Therefore I will be waiting for an obvious break of a level as confirmation for this trade. Time frame: This trade could take 4 days to a week to play out once we get a break. ------------------------------------------------------------------------------------------------------------- Day trader, trading primarily crypto currency focusing on BitMex pairs. Want to learn to trade? Come join the best only trading community focusing on technical analysis and mindset! Send me a message on tradingview or discord (Jordan S#2373) Not signed up on BitMex? Use my link and save 10% on fees for 6 months. www.bitmex.com
X
by JordanSimmons
ICXBTC - Follow up on wedge trade Support and resistanceOriginal wedge breakout never eventuated. But one of the trades is still a possibility, 1) looking at a break of resistance at 3615 for a Long R:R is approximately 2:1 as it stands. The SL for this trade reduced depending if any structure is formed before the break in resistance. 2) Another option is to place an order at the Demand block. I see two demand blocks right on top of each other, so I am considering placing staggered orders, one for each demand block to give me a better R:R. (approx 5:1) Just one thing to note is to consider what BTC is doing when you are entering, as large movements from BTC has a tendency to affect Alt coins. #SOS #SCHOOLOFSPARTA #MBA #MBATRADINGACADEMY
by TraderPistolPete
LTCM20 - Downward wedge forming - few long optionsDownward Wedge has been forming on LTC, It is also approaching a low demand zone Options 1 & 2 looking for break and retest. Two possible entry points, either around 5790 mark on the retest from the break out, otherwise wait for 5890 resistance to break for the 2nd entry. Option 3 Limit order set at top of demand block for a longer term long to previous high. Trade will be managed with several TP's (5890, 6047, 6180) as it progresses. Trade option 1 expected to play out within a day or so option 2 within 2 days from entry, trade 3 possibly upto a week. #mba #schoolofsparta #mbatradingacademy #sos #tafriday
LLong
by TraderPistolPete
BTC its about to BURN some BULLS, looks like T Bones tonight!well for all the guys and girls out in crypto land here's another jem, just my opinion mind you BUT bitcoin is not quite ready to sing the high notes like its knackers are on fire just yet, not so long ago on the 12th of march we all had our pants pulled down and got spanked like a naughty step child, its coming very close to the price it stated from and will hit resistance at that level as fear comes back in to the market it will drop like a stone again, but never fear we can get rid of our potential steak sandwiches and grab our bear skin rugs and ride it down all nice and snug, i believe as we get closer to the halfling we are going to see more uncertainty in the market, so just give me a like or message im on here all the time and ill do my best to help you out.
GEMINI:BTCUSDShort
by chadzilla
2
Bitcoin XBTUSD $7k breakout?!Bitcoin - 4hr - BitMex(XBTUSD) BTC has been creating Higher-lows and respecting the short term uptrend, since Mach 16. Resistance was found at $7k tested multiple times and was rejected until today, when price was squeezed and is starting to creep above $7k. BTC has had a 4hr close above $7k which is the first step towards a breakout to the upside. I will be looking for a long opportunity from a retest of 7k, to confirm that previous resistance is now support. (wicks to the downside - bullhammer or bullish engulfing from this level - morning star) The target I am aiming for will be just below $7,700. $7,700 is previous structure/supply and close to 61.8% Fibonacci retracement level. Stop loss placement for this trade will be clear after the retest of $7k happens. Providing the retest of $7k holds and gives some clear structure for a stop loss placement the trade could provide a 2.5:1 Risk reward ratio. If price retests $7k and it does not hold, I will not be entering this trade. ------------------------------------------------------------------------------------------------------------- Day trader, trading primarily crypto currency focusing on BitMex pairs. Want to learn to trade? Come join the best only trading community focusing on technical analysis and mindset! Send me a message on tradingview or discord (Jordan S#2373) Not signed up on BitMex? Use my link and save 10% on fees for 6 months. www.bitmex.com
BITMEX:BTCUSD.PLong
by JordanSimmons
1
IOTO/BTC long opportunity MBA TA fridayswatching price for two potential trades. 1. price is consolidating on strong daily support. Looking for price to break and retest resistance (2270) for a long entry. Stoploss below previous structure will access once placing the trade. Take 50% profit just below demand zone, watch price here to see if volume is picking up and trend looks strong, if so let the rest ride with stoploss moved into entry or profit. 2. Buy the bottom of the channel (2100) in antcipation of it breaking to the upside. take 25 % profit at top of consolidation area and watch if price is creating HH HL. If we break to the upside similar strategy to what was mentioned above. 50% at demand let the rest ride zone. Expecting trade to last about a week.
Long
by kaelenwere
QLC Chain QLC/BTC Daily Binance AnalysisQLC Chain QLC/BTC Daily Binance Analysis QLC Ranging between 120-235 satts respecting both levels. Looking for a swing from the bottom of the current channel, to the top when the short term down trend is broken. Because QLC is such a low satt coin, position size would be very small and only 0.5% Risk on this position, if a trade presents itself. Looking for an entry off a clean break and retest of trend with an obvious Higher-Low to be made. The market structure of this is currently still bearish, however I will be watching for a change as price is squeezed against the current downtrend. Only if the change in structure is clear will I take this trade. Things to consider; - QLC has been trending down for 56 days since the 6th of Feb 2020. - Wicks to the downside every time price comes close to the current support around 120 satt level. - RSI starting to structure up as price beings to squeeze. - MACD crossed to the upside with plenty of room to move. - Recent move closed above middle Bollinger Band. Risk management; This trade would be a very small position due to the risk of low satt coins. Also there are large wicks in both directions that could potentially stop you out of a position easily. To help offset this risk I would be moving stops to break even if we reach Take Profit level 1. Time frame; Due to the low volume of this coin and judging based of past moves, if a trade presented itself here on a breakout, I would expect it to take approximately 35 days. This is not a short term trade.
QLong
by JordanSimmons
LINKBTC - Short term long 1hr TFRetraced to 61.8 and closed above, Currently broken out of down trend next resistance is at 0.00034128 which is just above where i'd enter. so placing a buy stop a bit above resistance 1 Take profit at 0.00036344, Last TP is a trailing TP following at -1% to catch any lucky dip pumps. RR for the trade is 2.0 expect the trade to play out by tonight, mid morning tomorrow at the latest Watching to see if Elliots waves starts to play out as well, may lead to further potential trades
Long
by TraderPistolPete
ENJBTC 4H Long - SOS TA Fridays 28/03Change in market structure 61.8 fib held Waiting for a break and retest of the current 4H resistance level for long opportunities to the daily resistance I would look to take 25% of my position off at TP's 1 and 2, with the last 50% at final TP. I'd expect this move to take from 2-5 days depending on how BTC is moving, but ENJ is known to pump quite quickly sometimes so may happen quicker. Conversely, if price starts to go down, I would be looking for short opportunities once we break the 4H support level.
by Crypto_Lucas