Golden_Spur

Golden_Spur Updated 

On 1h scale reverse Cup & Handle are forming. Double bottom 2 may only result in making the Handle besides there is no RSI Bullish Divergence seen, therefore, planning on taking trade (Entry: Sell Stop) once it breaks Resistance level this will ensure that if Double bottom does play and take the trend upwards then my trade should not trigger. On the other hand, if...

Golden_Spur

On 1D scale, seems like bearish trend will continue as there is a Pole & Flag has formed already and no divergence is seen. So enter at the bottom of Pole, Keep S/L at previous LH and TPs as per Risk reward of1:1 and 1:2 respectively.

Golden_Spur

#BTC On 1 Month scale Cup has already formed and now handle is forming. If it is formed then we are likely to see a Bull run which may start by end Aug 2024 (if Fib 0.38 is retraced) or end Jun 2024 even (if Fib 0.236 support is activated) and will continue till Aug 2026. Remember the analysis is based on monthly scale so it is for those who have patience and...

Golden_Spur

On 1h scale, Descending Triangle forming on overall bearish trend. Moreover no Divergence seen. Therefore, trend will continue. Short Trade is in order once LL is tested. My trade values are depicted on Price chart. Setting TPs as per Risk:Reward 1:1

Golden_Spur

On 4h Scale bearish reversal is observed as both Double Top and Bearish divergence are observed. Taking trade as depicted on Price chart.

Golden_Spur Updated 

On 1h scale, falling wedge is forming along with RSI showing divergence. Therefore, LONG Trade is in order.

Golden_Spur

I entered at market price as it had already traced up from fib 0.38. Likely to achieve target in couple of days. My trading values are depicted on chart.

Golden_Spur

On 1 H scale bearish trend is prevailing. Although market is sideways but is forming bearish Rectangle. One can also see it as bearish flag. Earlier divergence was observed but it was normalized (did not play). Therefore, bearish trend will continue. Taking trade as mentioned on chart.

Golden_Spur Updated 

Overall bearish trend continuing . On 1H scale trace down Fibonacci and take entry through Sell Stop at Fib 0.38 which is 62719 . Put in S/L and calculate TP1 and TP2 as per risk and reward of 1:1 and 1:2 respectively. Execute two trades according.

Golden_Spur

On 1 H scale divergence is observed on RSI. Therefore, trend reversal is expected. Wait till break of last LH and then take entry through Buy Stop. Put S/L at previous Lower Low. Keep Risk reward at 1:1 and 1:2 respectively. My trade prices are mentioned on the chart.

Golden_Spur

On 4 h scale Head n Shoulder pattern appearing ; however, I do not see any divergence on RSI. Therefore, it is not likely to reverse; But anyway I wanted to show Head and shoulder pattern therefore, I have drawn the pattern and mentioned the entry, Stop loss and TP, but not going to take the SHORT trade. Just sharing for education purpose.

Golden_Spur

Looking at the chart on 23 April, one can see bullish divergence and double bottom pattern appearing. Therefore, if one could have taken entry after waiting for confirmation once Neckline is broken. Stop loss will be double bottom line, while TP1 and TP2 will be equal distance measured from double bottom line to neck line as depicted on chart.

Golden_Spur

After drawing Support and Resistance lines at 30 min timeframe, switch back to 15 min timeframe to take LONG and SHORT trades. LONG Trade: Enter just above R2 with S/L just below R1. Set TPs as per Risk / Reward ratio. SHORT trade: Enter just below S2 with S/L just above S1. Set TPs as per risk / reward ratio. Values of trade I'm taking are mentioned on the Chart.

Golden_Spur

In 15 minutes scale looks like sideways trend. Therefore, drawn Support and Resistance Lines at 30 minutes time frame. Accordingly both LONG and SHORT trades are in order. While keeping the Risk/Reward at 1% and 2% two trades each in LONG and SHORT can be taken.

Golden_Spur

SOL/USDT is overall in a Bearish trend over 1 Day time frame. However, in 1 Hr time frame it tends to hint at sideways trend i.e. not very bullish nor Bearish. Therefore, Using Support and resistance line we can take trade in both directions. Support and Resistance Levels are defined on the chart. Therefore, for SHORT trade, one can enter the trade just below S2...

Golden_Spur

On 1 Hr time frame sideways trend is prevailing. After drawing Support and resistance lines, since we cannot be sure where trend will ping-pong therefore, both LONG and SHORT types of Trades are in order. Trading LONG : Through "Buy Stop" taking entry just above Support Level 2 and keeping Stop Loss just below Support Level 1. Setting TP as per Risk/Reward Ratio...

Golden_Spur Updated 

Looks like bearish trend is continuing over 1 day timeframe. So taking SHORT trade is in order. Values are mentioned on the chart.

Golden_Spur

For Taking trade in 1 Hour time frame, first select 4 hour time frame and then select Line chart instead of Candle Stick Chart. Change Properties of Line Chart for Price Source as High. Then mark red coloured horizontal lines at peaks for Resistance Levels 1, 2 and 3 and Label them as R1, R2, R3. Then again change Price source to Low and then mark green coloured...