Get started

Tradeye

BTCUSD - Price to challenge Bearish Bat before it can higherBTC climbed to 5500 last week and fell because it came to our big time frame supply level, marked between 5280-5665. Market participants always work the same way, buying after a rally or selling after a huge drop. What we should do is actually the opposite, selling when the price is high and buying when its low, hence the famous phrase "Buy Low Sell High". Don't get me wrong, I am also bullish on the BTC LONG TERM! However, it should have a correction before it can push higher. Watch out for this Bearish Bat on the H4, for those who are holding on to profits, can consider selling first before buying back at Demand Level. Do like, share and follow us for more analysis like this regularly.
COINBASE:BTCUSDShort
by TradeEye
TRXBTC H4 SELL setup on Bearish Bat + Supply & Demand AnalysisBearish Bat + Supply Zone + Opposite Bullish Bat retracement level for a potential sell. Price reacted from our Daily Bullish Bat pattern and strong Demand Zone to signal uptrend is potentially underway. For more aggressive traders, consider going down to smaller timeframe and buy on demand zone towards our sell area before reversing your trade position. Conservative traders can be patient and wait for the setup to play out. Entry: 613-627 SL: 642 TP: 577 Do like, share and follow us for more analysis like this regularly.
Short
by TradeEye
1
Cardano - ADABTC Ready for major SELL down? Cardano (ADABTC) has gained more than 40% in a span of 10 days while BTC and other Alts are not having similar behaviours. We are aware of the good news circling around ADA, however our technical analysis shows that a reversal to the Bear is near. Here we have at Daily Supply level a Bearish Bat Pattern (Daily Time Frame) and price was slightly short to complete the pattern at PRZ. For those who are not familiar with what PRZ is - Potential Reversal Zone, something that is unique for Harmonic Pattern traders only. Price is moving upwards in a nice trend channel with current price sitting nicely at the bottom of the trend channel. Retail traders are looking to buy the into the trend channel and thinking the Bull Run is going to continue on and on. Once again, we are not going to do what the majority are doing, I am looking for a short entry to sell ADA knowing that this is an attractive price to sell. I have two plans here: 1) Wait for a big candle downwards to break the trend channel and sell at the pullback. 2) if price goes higher from current price, wait for it to enter my daily supply level and bat completion to look for candle confirmation to short. Lastly, a rising trend channel but put against RSI which shows Overbought and Divergence, something for you to think about. Do like, share and follow us for more analysis like this regularly.
Short
by TradeEye
BTCUSD - Why I am Bearish for the next 1-2monthsBTC is on an upward trend channel since start of March 2019 and current price is situated at the bottom of the trend channel. On top of that, notice the circles I have drawn, they are supports at the same price level and coincides with the trend channel's bottom. Retail traders will be buying at this point but the opposite is exact what I will be doing, especially when I have a good level just below (Buy Level 1). For those who learn Supply and Demand you should be able to identify this quite easily. The next 2 levels of Demand are plotted in as well to show the potential trajectory of future price. Now talk about the 2 Harmonics patterns - Bullish Butterfly and Bearish Bat. Potential Bullish Butterfly just completed its Point C and from Point C to Point D I see huge profit potential, which forms the backbone of this whole trade analysis. What if I am wrong and price go higher from this point? I identified a Bearish Bat higher up in the trend channel for a shorting opportunity which still points out that price is overall down looking forward. Lastly, RSI showing divergence gave me that added boost in confidence that BTC is bearish. In conclusion, small targets for long positions and swing trades for bigger profit targets on short positions. Do like, share and follow us for more analysis like this regularly.
COINBASE:BTCUSDShort
by TradeEye
TRXM19 Head and Shoulder ShortWas slightly late in identifying this setup. I usually will short on the Right Shoulder and take my TP1 at the neckline. Price has risen significantly last night and a change in trend is underway. However, there may be chance for a small pullback up and then take the short. One thing to note for all traders, DO NOT chase the trade! I repeat DO NOT chase! We want to sell at the highest price possible and buy at the lowest price possible, this is what set a professional apart from novice. Entry: 0.00000611 SL: 0.00000618 TP: 0.00000590 Risk-Reward: about 3 Can consider to take partial profit at 1:1. Do like, share and follow us for more analysis like this regularly.
TShort
by TradeEye
BTCUSDT H4 Uptrend ContinuationThe pair have a good uptrend run since it's sharp decline on 23 Feb 2019. I am seeing it to continue somemore if it breaks and closes above the immediate resistance line (blue dotted line). Major supply level at 4162. If price comes down to my prz levels between 3892 - 3912 I am interested to take a long position. Take note these harmonics completion levels are also near the bottom of the trend channel. For those who studies Supply and Demand will know this range is around the Demand Level as well. Do like, share and follow me for more analysis like this.
Long
by TradeEye
XRPBTC Consolidation - Breaking UP or DOWN?? Been observing this ticker for a few days now, notice on how the trendlines are drawn: - From higher high to lower high to lower high - From lower low to higher low to higher low The two trendlines looks like they are converging to a single point. This is a consolidation pattern of price action and price is about to break out from the pattern. On a Daily Time Frame, some of you may be able to identify the "Inside Bars". At this moment, market watchers will be asking this Golden Question - Is it breaking UP or breaking DOWN? One group of traders I know, we call them the breakout traders. They will place their Buy/Sell Stop Orders a certain price outside the two trendlines and anticipate to get in to catch the move, either up or down it doesn't matter to them. There are another group of traders who are directional, they do their analysis and "place their bet" on buying or selling the market according to their market bias. They get the best entry price but at the same time, they are exposing to the risks that are far more worst if the market goes against them. What I prefer is to wait and anticipate where price is heading and identify its turning points. Using methods such as Harmonics Patterns and Supply Demand, I am able to mark out the price area that price is likely going to turn, and it is at these areas that I am interested to take my trades to protect myself as i have a good risk management. Which are the best methods? There is no right or wrong answer, I recommend to choose the right strategy that suits your personality and your lifestyle. Do like, share and follow me for more analysis like this. We believe in sharing and build a conducive environment for all traders.
Education
by TradeEye
BTCUSDT H1 Bullish Bat Pattern CompletionBTCUSDT Just completed Bullish Bat Completion. Long shadow bullish candle spotted and it also coincides with AB = CD move. Opportunity for re-entry if price comes into the box again. To look out for its candle closing and also RSI divergence for a possible Double Bottom before going for a long. Trading against the trend and TP1 at about 1:1 Risk-Reward. Higher TP level can consider 3770. Do like, share and follow me for more analysis like this.
Long
by TradeEye