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Zones

How to Use Manual Levels PlotterBy defining a Structure of the Market you are trading, you can utilize the scaffolding of price as a means to take Low Risk Trades with High Rewards. Take this example of the ES. Levels were drawn beforehand on a larger TF chart. I define the structure of the market as places where either 1. Buyers Beat Sellers, and price shoots up, or 2. Sellers Beat Buyers, and price shoots down. It is at these points of control where price tends to revisit. By analyzing the price action on lower TF charts, we can take minimum 1:3 RR trades as price crosses over these levels. My indicator () makes it a bit easier to keep track of the levels for each instrument you're trading, whether you're on the computer or mobile. By observing Price Action on lower timeframes, we can analyze the trend and strength of the market to take a trade with a predetermined target(the next level above or below) and a predefined risk of 1/3 the profit target.
CME_MINI:ES1!
by DrCatherineHalsey
1
Sep 10 - Bitcoin resistance/support levels & buy/sell zonesWe are nearing a breakout moment of a mid/long term bullish triangle/pennant pattern. Keep an eye out for breakouts! Previous highs (both strong and weak ones) at around 11k, 11k3, 12k4, 13k, 13k2 and 13k9 need to be broken for the potential of longer term bullish moves. Historically, however, bitcoin has had a tendency to break towards the downside from such patterns, like how we went down from the 6k levels to 3k levels. Hence, we could very well see downward moves toward 9k and 7k regions and in probably the worst case 6k regions in Nov 2018. There seems to be more room and towards the upside though. Also, fundamentally, with ETFs starting to take root, bitcoin dominance being strong and being a potential hedge for an upcoming economic recession, are all bullish signs. RSI shows a bearish divergence, making a case for upwards movement as well.
BITSTAMP:BTCUSD
by CommanderCrypto
The bearish cases for bitcoin-which support most likely to hold?Let's try to consider the more bearish case where the 7.5k-8.2k zone is eventually broken and BTC goes down to test lower previous support zones, which support area do you think is most likely to hold as the real bottom? I really don't feel sure about what zone is most likely to hold, but f I had to gamble I would probably put most of my money on the 6k zone, the 5.5k zone and the 3.5k zone. Which zone most likely to be the bottom? what chance do you think BTC has of breaking the previous 3k low? Cast your votes in the comments down below! (srsly do it i'm interested)
BITSTAMP:BTCUSDShort
by jambalulu
4