MagnusTradingGroup

MagnusTradingGroup

Impulse leg XA followed by AB=CD correction into 0.786 level. Typical Gartley pattern. Expect a bullish resolution the next days. 1. Target 262 is very likely 2. Target 275 becomes likely after break of yellow neckline Stop Loss bellow the current double bottom at 235 Don't go all in 50x on this one, though. Cheerz : ]

MagnusTradingGroup

Many charting tools require a proper scaling of price / time. This is the method I'm using to scale my charts if needed. 1) Draw a rectangle somewhere on your chart 2) Set it's coordinates to 1:1 So if the price coordinates are 300/350 , set the bar (time) coordinates to have the same difference of 50 in this case 3) Draw a "Fib Speed Resistance Arc"....

MagnusTradingGroup

key trend lines, targets, timing. what else do you want :D OBV gives hints that we already had a major breakout. RSI looks kind of oversold compared to price. Yellow diagonal is the next breakout trigger. Cheerz : ]

MagnusTradingGroup

Buy here for best risk to reward ratio. Safe buy after price breaks yellow longterm resistance. take profit around 319 - 333 (2000 Yuan) UPDATE: Wait for close bellow stop loss for this to be invalidated

MagnusTradingGroup

My best guess at the moment.

MagnusTradingGroup

That's how you do it. (this is a breakdown scenario, however we are breaking out, so just buy and sell around 333 or higher)

MagnusTradingGroup

We are in a consolidation phase. Let the market decide which way to go and buy/sell the breakout. Possible targets are on the chart. Atleast 33% profit within a month after breakout should be possible. Are you ready ? : ]

MagnusTradingGroup

Imagine you have a strategy and you found that the optimal risk you should take is 4%. In other words with this strategy you should put 4% of your capital at risk in every trade to grow your account the fastest. If you enter a trade with 100% of your capital, the SL % is the % you put at risk. NOT the whole position size. So by entering a trade with all of your...

MagnusTradingGroup

I drew a triangle based on OBV's 50 hour moving average (orange), and mirrored the triangle on price. Red and green areas are 80/20 % overbought / oversold zones. At this moment we are in the overbought zone so you can try a short here. I expect a big move of ca. 50% after price breaks out of the triangle. Targets: Upside: 333-375 Downside: 130-90 Cheers :...

MagnusTradingGroup

Caution! Price is going up but money is flowing out ! Check the linked charts bellow for further analysis & targets. Cheers : ]

MagnusTradingGroup

Here are my short targets after intensive analysis. Take 50%profit around wegde target (226.27) and 50% around ab=cd of bodies target (215.57). Furthermore buy around 216 with stop loss under 207.7. This will allow you a maximum leverage of 20x with the margin call beign your stop. Cheers :]

MagnusTradingGroup

Volume and OBV are both not supporting the bullishness of this wave (III) We are likely to continue forming the wedge (in 5 waves ideally) on lower volume and break down right after. Sell here and buy at the level of green support trend line. For further analysis check out my other published charts that I linked bellow. Cheers : ]

MagnusTradingGroup

triangles rule.

MagnusTradingGroup

Sorry to disappoint you bulls, but we broke out of the primary uptrend in bitcoin. I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom. This is just my anticipation not a prediction! I only assume something like this might happen if we fail to break out of the downtrend around 300. Check out the volume profile...

MagnusTradingGroup

It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]

MagnusTradingGroup

Drop incoming.

MagnusTradingGroup

Put the fib at the real breakout level (cause that's where the rally started then) and you get an OTE at 252. that makes good sense in combination with the price action we are seing now ... long wicks down to the ote (typical ote buying) !

MagnusTradingGroup

Buying at OTE level ... I know , I know my stops are always too tight ^^