Long trade idea over $7,530 Details on the chart. Good Luck!!!!
This is a relatively new coin and I love what these guys are doing with their platform. Decentralized Video publishing without adds and ability for the content publishers to generate income without the censorship we see from YouTube. You can buy here in anticipation of a move once the platform gains momentum or wait for a breakout at the area specified on the...
When BTC was at $6,000 if I told people we will get to $7500-$7,800 resistance a big percentage of them would have said that they will short there and it's a good RR trade. IF I ask the same people now, probably 80% of them will not take that trade. This is how market psychology works. Just a reminder of why there are still reasons to take a bearish trade at these...
ETHBTC has big resistance overhead around 0.0725 - 0.0730 area. I do not expect this to be broken to the upside. After a break of 0.0675 the move down should accelerate with targets in the 0.047-0.055 area.
Enter only on a break of the triangle. Entry price around $6,230 Target: $5,800 Stop: $6,350 Good Luck!!!
$6,300 area should be a big resistance. I expect another push down to the $6,020 area after a retest of the breakdown. Good Luck!!!
Entry, Target and Stop labeled on the chart Good Luck!!!
The break of the triangle on either side will give you a nice play. I prefer a break to the downside, but also think we can bounce first to 6,300-6,400 before we break $6k again.
A $950 measured move coming on the triangle break. 70% chance to the downside and 30% chance to the upside. Short above $6,400 Target: $5,450 Stop $6,600 Good Luck!!!
Breakout trade setup: Stop market buy at $7,645 Stop market sell at $7,590 After one of the trades gets executed the other one will act as a stop order. Profit target: $200 Good Luck!!!
Entry: $7,250 Target: $7,800 Stop: $7,100 There are bullish divergences in both MACD and RSI on 4h chart. There are resistance at every level 7,300, 7,400 and 7,500. Only above $7,500 we will see a quick jump to $7,800. Good Luck!!!
Sell on a break of 0.08250 Target in the 0.078 area
Buy at $8,700-8,750 TargetL $11,000 Stop: $8,200 For this trade to work we need to break resistance area 8,800-9,100. Since it's a medium term play I am kind of jumping the gun and buying in this area. Good Luck!!!
Short around 0.1760 Target: 0.1575 Stop 0.1825 Good Luck!!!
There is support from the moving averages bellow as well as horizontal support at 8,800 If all of these are broken we are in trouble mid term and will retest $7,800 area. Good Luck!!!
ETHBTC is currently around a horizontal resistance level and there is a strong possibility of a correction to the moving averages bellow where it should find some support. Short at 0.078 or higher Target: 0.070 Stop: 0.080 Good Luck!!!
I think BTCUSD is forming a triangle right now. The best way to take a trade in this kind of consolidation is to wait for a break in either direction. I would take a medium term position after a 4 hour candle closes above or bellow the triangle. Good Luck!!!
Next significant resistance for BTC is at $10,200. Of course we need to first break the $9,600-9,800 cluster of resistance to get there. Enter at $8,900 or lower Target: $10,200 Stop: $8,650 Good luck!!!