21/08/2022 BTC Trade Plan - Trade HuntersThis a trading plan based on the symbol BTC/BUSD - Binance . TA provided by Shade from Trade Hunters .
All key levels and trading zones are marked in the chart (with all confluences noted in each zone).
*not financial advice.
Tradesetup
Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a --% chance Bitcoin will Rise (please read prior idea for uncertainty on today's trades ) from our current entry point.
📈 LONG BTC - Entry Price : $21,350📉
💵 Length of trade: we are expecting BTC to hit a $200 scalp, with a high end of $--- (Refer to "idea" BTC Important Levels + Fed "idea" for targets) and a minimum expectation of $---.
🕰️ Duration of trade: Our indicator gave a 70% chance for BTC to rise. Though with the Jackson Hole speech coming at 10am EST, fundamentals and timing are not normal today.
ETHEREUM WEEKLY REPORT Hello fellow traders!
Yes, we have been on a bearish run for some time, but it seems like the crypto market is trying to pull back.....and its showing. As you see, ETH has been on this slow progressive positive run, riding this channel perfectly. This momentum can lead to a big positive bull run soon or the complete opposite.
ETH is looking good and steady based on the slow positive climb its attempting. The crypto market is hostile as we all know, so please do your own research and trade responsibly.
CPNG views. Since the stock is at a good support that was created just before their earnings, the stock might go up to 19.6 and then fall back(primarily due to global data).
Considering the company is expanding Financing, OTT, fresh, owning the supplychain, logistics. They have a good potential to grow.
Disclosure: I own this stock in my investment portfolio, it looks good in the long run.
I'll the short this stocks in my trading account once it reaches 19.6.
Bitcoin Day Trade Setups, Scalping EntriesBitcoin Scalp Entry, with a Swing Trade Option for a bigger time-line
🖥️ We have determined there is a 70% chance Bitcoin will rise from our current entry point, for a scalp. 60% the Swing Option
📈 LONG BTC - Entry Price : $23,450 📉
💵 Length of trade: we are expecting BTC to hit a $400 scalp, with a high end of $600 and a minimum expectation of $250.
- ⤴️ With a possible Swing Trade forming with a high end profit of $1000
🕰️ Duration of trade: we are expecting this to no occur within 5 hours of this signal, with a maximum duration of 10.5 hours .
- ⤴️ With a possible Swing Trade duration of 27 hours.
🏛️🗞️ With the U.S. Federal Reserve news coming out today, it created a dip in the market.
Generally this year BTC has dropped, then rose above its initial fall point after Fed news was announced. That is why we are still holding our Long from yesterday while Entering a second position.
Working Out A USDCAD Trade Idea I don't normally compare many markets when analyzing currencies, but I thought I'd try something new. Apart of being a trader is pushing yourself to try and track the results if you'll succeed or fail overtime. This is my first step forward trying this out. Let's see what happens.
Markets I'm using?
* Dollar Index- Indicie
* USOIL- Commodity
*USDCAD- Foreign Exchange market
The idea is USDCAD will continue back to the previous low. Price is already testing my estimation zone(my created name to my trading strategy). If price closes bearish today I will enter the trade.
What will invalidate the sell?
As I am not in the trade yet, if price closes bullish I will not enter the trade. If price passes the last high at 1.29844, I'll know price has reversed.
FYI: I am a swing trader who trend trades and trades based on the supply and demand of price. I don't use patterns, alot of indicators, or many candlestick formations. I keep my trading as simple as possible so I can see price action.
Thank you for reading and watching the me analyze this trade idea!
$EURGBP - Trade Idea!$EURGBP - Trade Idea!
It's been a good trade to pair considering the weakness of GBP. However, shorter term trade idea a break to either direction. There are plenty of other EUR minor pairs brewing for great R/R trade opportunities.
Regarding data front we have: GBP - CPI, US - Retail Sales, FOMC mins, Unemployment claims and much more out AUD & NZD.
Have a great week ahead,
TJ
Daily analysis and day trading setups on DAX Ger30 20220812Happy Friday,
Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended)
Line in the sand for DAX today is 13580
Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index
Buy
Break: 13690, 13760, 13830
Reversal: 13660, 13580, 13520, 13430
Sell
Break: 13670, 13600, 13530, 13430
Reversal: 13710, 13770, 13840, 13870, 13940, 14k
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
EURGBP - BREWING$EURGBP - BREWING
These past months even though its a summer, there have been so many great opportunities and here is another one - EURGBP
C&H brewing, if we break above and out of this channel - bulls are firmly in control and expect this C&H pattern to brew nicely to key resistance zones.
Enjoy 🌞
TJ
IMBBY Ready For A Bullish PopLooking for a near-term bounce here for Imperial Brands. IMBBY with Two + years of bullish trading. Also, formed a bullish Pennant clearly outlined in price action. Risk-Reward on this looks solid, waiting for a pop higher for IMBBY then a retest below 22.50 support, then going to enter a long to try to capture that big move to the upside.
IMBBY needs to cross above the 200-day SMA (depicted in neon green), in recent trading the 200-day has acted as a very reliable trend resistance line and it must be surpassed before a major move to the upside is possible for IMBBY. Stop loss is firmly set at 20.00, right around the bottoms of the support trend areas.
IMBBY should work. Even in this volatile market.
IMBBY's winning characteristics: Cheap valuation, Solid balance sheet, high dividend payer, an international scope of business, and a line of products that have highly insensitive demand.
As always this is not financial advice. Good luck!
USDCAD Long: Excellent Buying Opportunity To Take Now!USDCAD is giving us an awesome entry to go long. The trigger for this trade is an ending diagonal pattern (the wedge shape between the dotted lines).
Why do we like this setup do much? A diagonal pattern is a sign of exhaustion. The choppy, shallow-sloped, overlapping price action is an excellent sign that price is weakening, and is due for a change in trend. Clear momentum divergences on the MACD and RSI support this idea as well.
On top of this, the pattern comes at the very end of another pattern we love to see: an expanded flat (as outlined by the (A)(B)(C) labels). This gives even more confluence to our idea, as a flat pattern is one of the core corrective patterns we trade here at Parallax.
Exactly how you enter is up to you. You can enter now, or wait for the highs around 1.2950 to be breached first. Regardless, the invalidation level for this trade is 1.2766; price must not move past that level for this wave count to remain valid.
This trade setup was created using the rules and guidelines of the Elliott Wave principle. We love the Wave Principle: it's our #1 choice when it comes to forecasting and technical analysis. We strongly believe that no other trading system gives you the same level of confidence when trading. The wave principle provides a rules-based approach for trade entry and exit, as well as active position management.
At Parallax, we focus on wave analysis and 1-on-1 education to build a foundation of skills that give our clients the edge.
We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates.
AUDNZD short trade potential presents 📉My second alert of the afternoon comes on AUDNZD.
Reversal trade identified and entered.
Working 30M timeframe.
Trade details can be found on the chart in red label.
Trade box is tracking the trade.
Fancy knowing how I identified this trade you know what to do.
Thanks for looking
Darren🙌
Daily analysis and trade setups on DAX Ger30 20220802*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. ***
This is likely to be relatively quiet day unless some news appears. Practically entire Europe is now in vacation mode. Volumes are very thin and hence ticks can be jumpy.
DAX is on a retracement journey. So potential retracement levels are 13350, 13290, 13230 & 13140
If it breaks above 13450 and shows the momentum then next potential levels are 13580, 13690, 13780 and 13840
Macro: US Fed Evans Speech
Today's pivotal level is 13400. It remains bullish on the day above that and bearish below
Buy
Break: 13440, 13495, 13530, 13570, 13610
Reversal: 13340, 13260, 13200, 13170
Sell
Break: 13390, 13320, 13250
Reversal: 13500, 13610, 13720
Green goblin chart is here >>>
Confluence chart is here >>>
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 SHORT BTC - Entry Price : $23,810 📉
💵 Length of trade: we are expecting BTC to hit a $185 scalp, with a high end of $300, and a minimum expectation of $125.
📰 We see BTC hitting $23,640 at least twice in next 14 hours (we see it trying to go down, and retracing back to its starting point more likely, than staying at its dropping point), with
possibly attempting a try down to 23,470.
🕰️ Duration of trade: we are expecting this to occur not within 4 hours, likely taking longer. We feel possibly over 8 hours of this signal, with a maximum duration of 14 hours .
📰 Generally Weekends can take a long time with 2 mini-spikes about $150-200 in both directions. We see a low end spike for $300 as a logical max some time early a.m. EST.
Don't get Greedy on the Weekend Take Profits early and even if Small.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point.
📈 LONG BTC - Entry Price : $23.920 📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $550, and a minimum expectation of $150
🕰️ Duration of trade: we are expecting this to occur within 6 hours of this signal, with a maximum duration of 9.5 hours .
❗📋 We have a Signal for BTC to hit a Scalp, where we feel a quick spike up $200-250 is probable. But we do see a possibility of this trade taking a while and hitting near $24,500 at New York Market Open in the morning. Sometimes trades go slow until then.
❗📈BTC hitting 24,150 - 24,250 sooner then later to test the resent daily high seems very probable. Bitcoin might reject at this place, or shoot through, but we feel will touch this point regardless.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will rise from our current entry point.
📈 LONG BTC - Entry Price : $22,965
💵 Length of trade: we are expecting BTC to hit a $200 scalp, with a high end of $250, and a minimum expectation of $125.
🕰️ Duration of trade: we are expecting this to occur within 4 hours of this signal, with a maximum duration of 7 hours .