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Trend-reversal

USDCAD - Trend-Following Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. USDCAD is sitting around a daily resistance in blue so we will be looking for sell setups. on H4: USDCAD is forming a channel in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing (projection in purple) Trigger => Waiting for that third swing (gray zone) to form then sell on its break downward. Until the sell is activated, USDCAD would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4
XRP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. XRP is approaching a support zone so we will be looking for buy setups on lower timeframes. on H4: XRP is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, XRP would be overall bearish can still trade lower inside the support or even break it downward. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:XRPUSDLong
by TheSignalyst
44
IOTA - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. IOTA is overall bullish so we will be looking for buy setups on lower timeframes. on H4: IOTA is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, IOTA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
ADAUSD Begins the Bullish TrendImportant things to note: I bet that last retracement had you sweating LOL Fortunately everything looks fine. If you are looking at BTC the price will retrace above the new higher low we had as to not create a H&S. ADA is just retracing. I expect an upward push to price target. Price target is marked on chart in green. The major resistance is in yellow. The reversal will start slow and gain momentum with every resistance level passed. Important dates: I will update this soon when I post about the summit. So I bet you were looking at the retracement thinking we were doomed? Well, not so fast. This is all going according to plan so far. We got a bit of retracement and the price will push up to the price target I marked in green. The main resistance is still in yellow but I will update once the first one is passed. There are a lot of shorts out there, they will have to start covering creating more upward pressure. Pretty soon, the shorts will get hunted. This is why it is best not to listen to the news. The way it works is, you listen to the news, you make an emotional trade, the whales collect. That is the simplest way to explain it. LOL. I expect the price to continue upwards. You will see a lot of bullish posts in the near future from everyone. That's for sure. There isn't too much to update you all with other than to say its looking fine and the price will push upwards. It is just slow because of the reversal, similar to how the high prices slow down before a fall. This is the same thing, but in reverse. The market has a long way to go to turn around. The best thing to keep your eye on is the low at 1.91. If the price crosses that target, I will worry. There are a lot of tests that need to be completed while the bullish momentum picks up. So far, things are looking great! Thanks again for all the support! I will continue to watch ADA and update you accordingly! Stay relaxed, there is nothing to worry about at the moment. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
40
BTC | Potential reversal ongoing, needs confirmationCurrent trend is : CHOP - Bearish in reversal . That means if you want to play safe with the trend , this is a no trade zone. Further analysis: S1 has been broken, showing bull pressure and trend weakening S2 zone remains the bulls objective to confirm a reversal. Until we did not break S2, we cannot confirm a reversal. S3 zone is the target for bears: break this and the bear trend is confirmed. Personal opinion: S1 broken is a win for bulls. I think S2 gets broken before S3 and we see a bull trend reforming. If that is the case, i will be longing the retest of the S2 zone.
BYBIT:BTCUSD.P
by Greenou
Bitcoin update. More bullish perspective.Bitcoin came down! Now that it looks more like it will reach new lows (than yesterday) I want to share a bullish perspective. This is what I have been calling the 'coconut long'. It's where you get a horizontal value area, followed by a spike low, followed by a horizontal value higher than the previous hva. Price has a tendency to dip down closer to the spike low before heading upward for an extended bullish run. The objective is to buy what the other guys are selling. This is a well documented reversal formation. I did not invent it, but to the uneducated I will take credit. The advantage of this formation is that it's a very early predicter of trend changes allowing you to capture long runs early on. The Achilles heal is that it requires you to be a bottom picker. Because trends are more likely to continue than reverse, this is a risky strategy. The thing to consider is what happens if the reversal formation doesn't come true? For the reversal formation to be broken price needs to make a new low. Never tell a market it can't go any higher, and never tell a market it can't go any lower. It could very easily continue to create new lows. Trends are what they are until they aren't. Never before. Again, I am painting two very opposing pictures here. For one to come true, the other must be proven false. That's how it works. Other areas of life are much less binary, but this is the brutal nature of trading, and the sooner you can adjust to it the better off you'll be. It's something I'm still figuring out myself, but I can tell you if you aren't prepared to play for keeps then you aren't prepared enough.
by emehoke
6
NZDJPY - Purple War Zones!NZDJPY rejected the upper purple war zone and traded lower. However, NZDJPY is still overall bullish trading inside the blue channel, so we will be looking for Trend-Following Buy Setups. As per my trading style/plan; Here are the two strong zones where I will be looking for high probability buy setups: I call them War Zones, (highlighted in Purple circles) Zone 1: (around 77.90) This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. If NZDJPY breaks the green support (Zone 1) downward, then the next support would be the red one. (Zone 2) Zone 2: (around 76.70) This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the red support and lower brown trendline. As per my trading style: As NZDJPY approaches one of the purple circles, I will be looking for reversal bullish setups (like a double bottom pattern, trendline break and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
45
TESLA - Buy Setup Forming! Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow. TESLA is approaching non-horizontal support from Daily so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on M30: TESLA is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, TESLA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:TSLALong
by TheSignalyst
29
Can BTC break above our center trend???Woooo weeeeeee. Things are lookin' spicy right now. Even though BTC recently made a new ATH we still actually haven't broke our center support/resistance line from the previous cycles. It has proven to be a worthy opponent multiple times, each one resulting in over 30% dumps. Orion is also showing a possible reversal right in the Daily, which is telling me that this is truly a resistance zone. Not only that, but the signal line is showing a bearish divergence with the price. If the trend does reverse in the next day or two, we will see if the bottom of our rising wedge will hold us up. Then, Bitcoin will need to push past our center S/R and solidify it as a support before we can continue this bull run. If we can't..... someone please save our souls. I dont know about you peeps, but my boots are shaking. Good luck to us all.
BITSTAMP:BTCUSDShort
by OrionAlgo
1
APPLE - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. APPLE is overall bullish trading inside this big brown channel and it is currently sitting around the lower trendline so we will be looking for trend-following buy setups on lower timeframes. on H1: APPLE is forming a trendline in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray zone) Until the buy is activated, APPLE would be overall bearish and can still trade lower and lower. In this case, we will be looking for buy setups as it approaches the lower blue support around 100.0 Good luck! ~Rich
NASDAQ:AAPLLong
by TheSignalyst
73