Context: I am an amateur trader, feel free to share your thoughts!
Context: In this series, I'm using price structure to trade inside the range while risk managing. In this second chart, I set my max target (the top red horizontal line) and my profit take trigger (the diagonal red line).
I am not a professional trader. Feel free to leave me feedback and share your thoughts about my analysis.
This relates to the recent market crash being seen in the S&P 500 Index. Long order should only be triggered at the breakout of the neckline.
MACD Divergence + Rsi Divergence + Falling Wedge Pattern in interesting price area. Careful.
Target is 78% fib retracement of the range, and buying area is defined by the 26.3% fib retracement. Buy only upon signal (im using a MACD + RSI + 26 EMA setup, but you can use what works for you). Any selling signal should be taken, as this is a range trading (and, therefore, very risky). Stop-loss below last support.
IF market retraces to interesting levels, this is a great shorting oportunity (low risk, high reward).
Basically, EOS is breaking down a support right now. Targets are on the chart, and so is stop-loss. Still think the market will go sideways for a bit before dropping.
Using a strategy described by John Carter. Low risk, nice reward.
XRP Getting close to breakout prices, showing bearish signs. A bullish aproach would be to buy at the bottom of the range (now), if indicators say so, and sell it on top. I'm more of a bearish, tho.
This is my interpretation on current BTC market. I think we'll have a bull rally soon enough due to correction, and then continue to crash down. Please note that EW is very subjective, and my analysis might very well be wrong. Targets are the black horizontal lines, and stop-loss would be the current support we're on.
Exits should be based on two things, basically: 1) Targets If range trading, you should close your position after price reaches the opposite side of the range. If breakout trading, you should close your position if price reaches the target based on the height of the range. 2) Signals If you use MACD signals for your entrys and exits, for example, and it "shows"...
Waiting to breakdown on ichimoku cloud (with confirmation) to go in this trade. This would be a sell signal in the range previously explained on this previews idea:
Here's how to trade this ranging market, as well as some explanations: 1) Our stop-loss for short positions is above the last resistance on the daily chart. Breaking this resistance would invalidate this scenario. 2) I see this as a good oportunity to short because we are very close to the stop-loss above us. This means greater risk/reward ratio. 3) The areas...
Today, we got really close to the past resistance level (around 9080). If we break that resistance up, it would implicate we're on a bullish market. With that on mind, 9080 becomes the stop-loss for short entries. Now, in today's chart, we observe two things that might indicate a change in the current trend: 1) The volume bearish divergence: higher high's, but...
In this graph, I plotted the IchimokuCloud from the 24h graph in the 1H graph to ilustrate my strategy. So, price seems to be aproaching the ichimoku cloud after a lot of sideway movement. Since I believe crypto-crash isn't over yet, I think this is a great moment to short for a couple of different reasons: 1) We are very close to the stop-loss. I would close my...
1) Buy between the blue and the grey; 2) Sell between the red and the grey; 3) Never open a position in the grey area. This area is too far from both stop-losses, making it unprofitable. 4) Only open a position if your indicators say so (RSI, MACD, CCI, etc.) Only trade this setup if you're an agressive trader. These areas are determined with fibonacci ratios. PS:...