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BTC/USD - Bearish Divergence and OversoldBTC has seen a 12.5% move down over the last 4 days ranging from $4000, to $3600. RSI entered oversold region on the 9th of Jan and a small bear flag looks to be forming on the 4hour. I expect we'll seen another leg down to new yearly lows around $2800 over the coming weeks, I will be staggering my long entries within the green boxes. If we see momentum switch bullish again I will be looking to enter into a short term long around $3920 and will most likely hedge with a TRX short. Clear rounding and staggered bullish divergence on the chart could align nicely with lack of oversold momentum which could propel price levels higher over the coming days if $3500 region fails to break to the downside.
BITMEX:XBT
by astronautdotgg
GBPUSD down around 1.26000 Situation Currently, the price of the GBPUSD is in a downward trend. the price has gone through a large daily support zone. This zone has been bearish tested between 12 and 14 December. We can now determine that this has become a large resistance zone (red). Price is in S/R zone 1 (orange) at the moment. this zone ends at point 1.26000. This is currently being tested several times and has even been broken once. Now the trend lines are discussed. As you can see, trend line (blue) SR-A (Support-Resistant line A) has been approached several times. You can find these point in the light blue circles. This SR-A has been a very important support line in the past. Price has since risen again but the bulls did not have enough power to raise the price. Because of this the price has dropped again. Now it can be confirmed that SR-A can be seen as a resistance trend line. The SR-B (Support and Resistant line B) trend line (black) has also been approached several times. You can find these points in the gray circles. The price has not been able to pass the trend line since December 6. This will therefore have an important part in our analysis. Expectations I expect the price to reach the top of the S/R zone 1 (price can already fall before reaching this point). It happens in any case when reaching the top of the support and crossing the SR-A line. After this, I expect that resistance will arise around the indicated 1H S/R zone (green) . This will not be a very high one, but I expect a small contribution from the bulls. Hereafter the course will pursue the 4H S/R line (1.24839). Here I also expect a struggle in the price which makes me think that bulls will have an input again. Thereafter I expect the price to drop to S/R zone 2 . This place could be a nice, perhaps temporary TP (Target Profit). * But when the price would rise here, I expect the SR-B trend line to push the price down again. If this is not the case and the SR-B zone is exceeded, the next resistance will be the SR-A trend line . The SR-B then becomes the new support trend line. Despite the possible exceedance of the SR-B , the price will not come quickly beyond the trend line SR-A . Here you can also find the S/R zone 1 . Because this zone is passed in the past, it becomes a resistance zone. If situation 2 is the case then I also expect that S/R zone 2 will be reached. If the analysis is successful, we can confirm the following winnings: TP at point 1.24180 = 165 pips profit You determine the stop-loss place yourself. I would advise to place it above the S/R zone 1 to achieve maximum gains. You can also take a position at the pullbacks in the chart. Stop-loss sizes are determined by your own risk management.
Short
by JvdB99
3
DCR/BTC Trading PlanTRADING STRATEGIC BINANCE:DCRBTC Chart Analysis: -Chart Time frame: 1D -Time Frame: 3D I have been observing this coin over days, slowly but surely has been growing upward momentum, forming a ascending triangle. It also has formed several upper long wicks which can be interpreted as strong rejection or buying power vs small liquidity, meaning players are getting in to the game. another perspective of this formation can be a bearish flag. Either one, I am expecting a bullish breakout of this ascending triangle in the coming 3 -5 days but having in mind that we are in a bear market therefore I have set a tight mental stop loss. Indicators: -RSI: coming out from Oversold area. -StockRSI: looking like is starting to come from oversold towards overbought. -MA: we got some Golden Crosses at lower time frames, however we are about to get a significant golden cross in the 6H chart. -MACD: Short EMA has crossed over Long this is a good buying signal, and Histogram is moving Upwards. Its significant because we haven't got a buy signal since beginning of November. -TD sequential has reset from a red 9 and now start from today a green 1. TRADE MANAGEMENT: Trade entry: 0.005000 Stop Loss: 0.004950 -Targets: Mercury: 0.005236 Venus: 0.005370 -Risks/Rewards: -Risk/Reward Ratio: 6.34
DLong
by vfxvictor
1
BCHSV Descending triangle + Trading Plan + TargetsTRADING STRATEGIC BINANCE:BCHSVUSDT Chart Analysis: -Chart Time frame: 4H -Time Frame Analysis: 15M-1H-4H-12H-1D Hi everyone, SV has been in consolidation since we hit the top of wave 5 141.31 (Binance), I could not stop noticing the descending triangle SV is forming. Also last night we pushed trough resistant breaking out a trend line, however, SV has found a lot of resistance forming indecision candlesticks after the breakout, this is basically calling for a big move. Either goes down or up we dont know yet, one word probabilities, we weight the odds we measure our risk and then we get our trade. That is trading, this how we differentiate from Gamblers. I consider this a risky trade, because I have conflicted ideas, for some reason I been thinking that SV is going to go lower. so why Am I going long then? Well the way I approach Chart analysis (priority order) is by first Candlestick Patterns, I zoom In and work without any line , any indicator so I get the feeling of asset, and I pay attention to the candlestick shape form using 4H-6H-12H-1D. Second, Support and resistance level. Third, I draw patterns such as trend-lines, channels, triangles and wave counts, (notice how this last has the least impact in my methodology). In addition, I give more weight to higher time-frames. and after that I use Fib techniques combine with support and resistance to take the trade. *Dojis*: After the trendline Breakout dojis starting to appear showing us indecision, if we pay attention to the last 3 dojis price action has been closing higher, it also showing bullish strength since several times bears have tried to pull it down. Second doji looks like a little hammer along with the third. If you draw a trend line using the lows you can see a little ascending triangle. Indicators: -ATR: it is at his lowest since we start the previous rally. this indicator measure the volatility. -RSI: 12H is neutral+ D1 -StockRSI: is Over Sold (bearish), however is not a key support to paying attention to. -TD Sequential: 12H green 2 trading above green 1, this is one of my favorite combinations to trade, if we start trading above wick 1, price well shoot. so pay attention to that. -MA: Golden Cross at 4H Trade Management: Trade entry: 99.80 ( ACE) Stop Loss: 93.00 -Targets: Mercury: 106.00 Venus: 112.25 Earth: 118.00 Moon: 126.10 Mars: 136.50 -Risks/Rewards: Risk/Reward Ratio: 4.60
BLong
by vfxvictor
5
BCHSV/USDT 33% Gain TRADING STRATEGIC Chart Analysis: 15M-1H-4H-1D I've watched how BINANCE:BCHSVBTC has been forming a continuation pattern, It could be interpreted either as symmetrical or ascending triangle, it also looks like StochRSI (15M and 1H Chart) is ready to move up for what I consider a 5th Elliott wave or C from a bigger correction. Trade Management: Trade entry: 92.00 Stop Loss: 90.00 Risk/Reward Ratio: 14.48 Target: I usually have several targets(they are posted in my previous posts), but for this time ill just post one I calls Neptune if you zoom out the chart you will be able to see it. Target: 120.00
BLong
by vfxvictor
10
ZRXBTC LONG ALL SET FOR QUICK 37% PROFIT RSI GOOD MFI 20 OVERSOLD MACD OVERSOLD STOCH BELOW 20 CURRENT POSITION ABOVE 61.8 11710 SAT 1.27% UP TARGETS 12960 - 13685 - 15925 (7-14 DAYS) FOR QUICK TRADERS STRICT STOP LOSS OF 11000 REGULAR ST AND LT TRADERS STOP LOSS 10256 October development updates twitter.com 0x Instant: public spec + private beta @npmjs packages => 0x namespace support for EIP712 in @metamask_io governance updates from @EFDevcon New team members RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
Long
by open4profit
18
SQ Buy targetSquare pretty over-sold on the weekly (so are many stocks just now though) which was followed by a $35 - $100 run last time, so might consider a long after the weekend. Dream target is highlighted. > Will be looking for positive Bitcoin moves that could influence this increasingly crypto focussed company in the long-term. > Cashapp downloads are looking good, still getting dominated by Paypal & Venmo combined figures (same company). Cashapp has good "cult" following, awaiting news on expanding into new markets. (Not much information, but want to free up chart space)
NYSE:XYZ
by abztrdr
BTCUSD Setting of targets. You took a short position when you break through a symmetrical triangle in a downtrend. Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle. Then the price as expected continued its downward direction having broken the borders of the rrectangle. Now you can transfer the protective stop to a new, technically sound level - above the rectangle's trade corridor. Then the price reached the price level determined by the measured move and consolidated into a small symmetrical triangle. This is why there is no sense to close the position right now as the trend tends to go on. You should better try to keep a profit position as long as possible especially when there is a new technically supported level in our case – above the borders of the small symmetrical triangle. Information is the most valuable of well-known goods. I share all of this information with my Family members for free so don't forget to like and subscribe.
BITFINEX:BTCUSDEducation
by EXCAVO
13
Where to next for Ripple?Hello everyone, XRP has been very bullish as of late. As you may recall from this post: I gave XRP a target of the first green line and it was hit within 24 hours of writing. This was a 100% increase in less than a day. I did not expect this. However, someone in my paid group managed to catch it and was very happy with the stoploss I set for him because he managed to keep most of his gains. I was certainly not expecting XRP to jump that much that soon, but it can happen. Thankfully, one of my trader's was prepared and caught it. Anyways, based on the same methodology - because XRP is officially looking bullish - I have set the above targets. Out first target was around $.83 which as I said was hit, but it hasn't retested that level yet, so we don't know if it will breach it properly yet. Assuming it does, I have set a target for the $1.07 range. With the same song and dance, we then have a price target of about $1.96 . From these levels that is over a 200% increase. That is quite the potential upside. With that said, it should be obvious not to short based on the technicals. Good luck everyone! -YoungShkreli PS I do not trade XRP. I more or less exclusively trade bitcoin and its derivatives with leverage. Occasionally, I make an ETHBTC trade. I have done this once and am expecting to do it again soon. Out of 100s of trades, 1 or 2 will be in alts. Just so you know.
BITFINEX:XRPUSDLong
by CantorTechnologies
33