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USDCAD IDEAMy thoughts on two alternate ideas: IDEA 1 - If it breaks the support zone and the trendline it would go lower to the next zone which is either at the 38.2% or around the 61.8% on fibs (that's more long term those levels as I did the fibs a bit wider, however even if I did a smaller fibs the zones I drew out will still be around key levels). IDEA 2. If it instead respects the trendline and pretty much the support zone then it can go to test the resistance zone. Also I did a counter trendline as that could be a possible confirmation for it to go higher plus a possible entry once it breaks and then retests. If it gets to the resistance zone at the top, breaks wait for the retest there and there's a good possible entry. When it does break the zone that's when you drop down to the lower time frames to get more precise entries on the retest
by Kyson
Bitcoin intra-day buy opportunityHi All, I don't usually post setups like this on smaller time frames. But I wanted to show an example of a flag pattern that I would typically take a trade on. We can see on Bitcoin a strong impulse move up which forms the pole and tight consolidation occurring within a range to possibly complete the flag. An entry is confirm on a break of the pole. If you are trading on Bitfinex, then you would already be in a position. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:BTCUSDLong
by hedgewithcrypto
3
Was Correct About Ripple Dip - Ripple Rebound ForThe Short Play!XRP behaved as expected. Many people are quick to call tops without calling bottoms as well. Thanks to everyone who send me a message telling me about your profits! I hope everyone continues to make smart trades. If you are holding XRP right now the only smart move to make is to switch to another currency you are positive is going to grow faster than Ripple - or wait. As a professional trader I spend weeks or months waiting for assets to get to where I want them to be sometimes they are in the negative for most of that time. Crypto is a thousand times the speed of any other asset class - in a market that doesn't sleep. Some describe month long holds as "longs" whereas in other markets that would be a very short horizon. In part due to the fact that the market never closes and also because there are no regulations against practices that are banned on regulated markets - Ripple sometimes trades its worth - other times it pauses before catching up. Ripple has an inverse relationship with Bitcoin whether we like it or not. BTC appears to be tracing the bottom right-hand side of an inverse head at shoulders pattern. BTC is currently trading at $6500 and will rise to $7100 again by Aug 10th. Ripple will gain momentum thanks to BTC and should quickly move back up to the 5700-5800 range from the BTC pressure alone. With the added momentum, we should see 61k sats again in short course. I still believe in a $2 Ripple at some point this year. Summer trading has traditionally proven to be rewarded by the major gains seen in the fall!. Ripple is a good buy right now on the short play - or to add to your portfolio of "long" positions - the price is right.
by rgeddes
1
Slowly Accumulating EOS for a BullrunThere is a larger falling wedge pattern on EOSBTC that I've been keeping watching closely. I believe we are near the bottom and targetting a breakout to test the 38.2% Fib from the beginning of the falling wedge. On the smaller time frames, I've been entering into a LONG position on: Double bottom pattern Cup and handle pattern Bull flag pattern I will be taking partial profits along the way in case the market dumps, however will hold remainder of the position to the target shown while trailing stops. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Long
by hedgewithcrypto
1
Etherium testing supply zoneWe have seen strength today in the crypto markets, including Etherium versus the Dollar. You will note that Bitcoin and many other alt coins are forming a rising wedge formation. This is a bearish chart pattern. Etherium in particular has just made a high high, yet a lower low on the RSI indicator. This is also bearish signal. Volume has also been decreasing, indicating the last move higher is quickly losing momentum. With the higher time frame supply zone shaded in yellow, it is probable that we will see strong selling pressure. Trade targets are shown. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Short
by hedgewithcrypto
2
BTC Price Action Forecast - READY FOR MORE MONEY?? Hi Trading View Family, The Telegram family has definitely grown. We have had 45% increase in members in the last two weeks alone. All of you asking, please understand I do release trades and signals on both long and short term time scales, however, I am highly conservative and do not deal in pump and dumps. I place money in my trades and do not go in blindly. My focus for our telegram community is emotional control and solid trade analysis. A lot of new members have had a lacking in one of the other, so in order to trade my calls those #1 Emotional control is the most important, #2 Trade Analysis will help you get to your financial goals, #3 Having vision for your investments, trades, and portfolio is key to strategizing properly. So if you are in the market for anything other than what I have mentioned above our community might not be the best fit. Our CryptoFamily is honestly the best there is and everyone is learning at an exponential rate. Education comes first and the profits will easily follow. GREED, FOMO, & FUD is not tolerated in the group - granted we never had that issue to begin with. We had a great month of April and a highly interesting start of May. Nothing surprising here. I have already shared on Telegram that the market will need to cool down before we can start buying and do more position trading. Granted yes, day trades exists but the during these times it can be best to not overtrade the market. Kicking back, relaxing and watching things play out is one of the safest BUT hardest things we can do. Personally, I continue to acquire TRX -8.03% , POE 2.65% , SYS 0.00% & WAN. I can easily see these coins generate 50-300% ROI 0.00% in the coming weeks. I already shared my retracement plans for TRX -8.03% about 3 weeks before it happened and it has hit 720 earlier in the week. This BTC -2.04% chart was shared on the 9th -2.99% of May and we have seen it play out perfectly :) One member made 80% playing this chart (shorting on Bitmex). My personal opinions is that BTC -2.04% will consolidate at the mid to lower range of $8,000 and then we can see a rise up to $8,800-9,500. We will continue to see a further price decline in BTC -2.04% price action in the short term. This is all needed to give ALL COINS breathing room to attack a new 2018 ATH -0.59% . Everything is being set up towards the end of the year and what we are seeing here is a mid-year positive price action. If you study the 2017 charts we have seen similar price actions around this part of the year (also taking into account the Consensus Event in NY). What we can expect is consolidation in this market. We went from $6500 to nearly $10,000 without any consolidation phase. I can easily see BTC -2.04% consolidate around $7500-8200 in the next 3-4 weeks. We are creating higher lows and slowly pushing to higher highs. I have another interesting BTC -2.04% chart to share with you at a later date (: It will show you the long-term outlook of the coin and the various channels it is currently trading in. If we can get 30 likes I will drop the chart this week! (: Good luck and Happy Hunting! Regalia
COINBASE:BTCUSDLong
by regalia
13
GBPUSD - Sterling/dollar pulls back to support within uptrendGBPUSD – Sterling/dollar pulls back to support within uptrend. gbpusd trade idea - gbpusd analysis The GBPUSD is in an upward swing after finding support a month ago down near 137.50 area. We have a bullish bias on this market as we have discussed gbpusd in recent commentaries and we will retain that view whilst price is above 1.3750 support. There is short-term support just below near 1.3990 and there is a zone of value / support at 1.3990 – 1.3750 that we can look for price action buy signals within to get long and target recent highs near 143.40 resistance.
by PkTk13
1
WTI short - only if you believe market is fractalWTI has made an interesting pattern recently. It is almost identical to the one made at the beginning of wave 2. See the blue highlighted box on the chart. The larger box is a measurement of wave 2 correction, as I expect wave 4 correction to take a similar amount of time. Interestingly it suggests that WTI is likely to be in correction for the next 10 months. In any case, from this point forward, if my analysis is correct, the only way from here is down. As a measured move, I believe it is likely to go to $57-58 area. The risk reward here is very attractive as stops can be placed above wave 3 high. I believe the market is not expected to move very much in the short term due to Easter break so this idea should be valid until the end of next week. Simply sharing my opinion, this is not a trade call. If you find this idea useful, why not give a like, comment or share it with others. Thanks.
FX:USOILShort
by WaqasRaja