Millennial_Trading

Millennial_Trading

Never traded Bitcoin before but been tracking it & price is currently at a very interesting area. If I was to take a guess then I would say it's going to climb back up - BUT - if that's what were all expecting it wouldn't surprise me if it started to climb first - but then quickly turn around & break the trend line & continue dropping South - stopping out many...

Millennial_Trading Updated 

Price is currently hovering around a sell zone Ive drawn up. Shown good signs of rejection already. I'm waiting for price to climb back up & then show me a nice momentum candle down towards the trend line. If the momentum down starts within the sell zone then I will be taking a short trade. If I miss the momentum I will wait for price to break the trend line &...

Millennial_Trading

Perfect setup has formed. All I am looking for now is that momentum candle down & I will be entering. Fib zone looking good & indicators supporting the move. As always, if price continues up, then I will void this trade & look for a plan B. Good luck :)

Millennial_Trading

Price at a very interesting level. This can obviously go one of two ways. I am predicting a bounce back to the upside as there is a strong reversal zone drawn up from the fib. To enter for a short term Long trade, look for a momentum candle, if price heads North then bring stop loss to break even quite early as my long term bias for this pair is short. Will be...

Millennial_Trading

Straight forward trade. Bearish flag formed & price currently over bought & high on the flag pattern, so a great opportunity to enter early. I'm looking for price to break out of the flag & continue to the downside. If & once price is at the lower level of the flag, I will put Stop Loss to break even & hopefully price continues down. Good luck :)

Millennial_Trading

Price currently showing signs of rejection at a BUY zone that I have marked up. Price is over sold which is a great sign for an up-move. Waiting for a nice momentum candle upwards until I can enter. If price continues down beyond the red buy zone, then void this trade & think of a plan B. Good luck :)

Millennial_Trading

Thought it would be rude not to post this possible setup. As you can see , price has been in this range for a long time, RSI & Stoch are over sold so there's a high probability that we could see a climb. Both EMA's 50/200 are also running straight through the center of this range which also indicates to me that this range could hold a little while longer. If...

Millennial_Trading Updated 

A perfect double top has recently formed & price dropped down quite aggressively today. If your not already in this trade, there are two scenarios I can see. 1, If price starts to correct itself, look for an entry at the 618 Fib level, but only enter with momentum down, this would be a deep correction followed by what could be a big move down again. 2, The second...

Millennial_Trading

Price reacting to a reversal zone drawn up with good old Fibs. Nice momentum to the downside now & it could be a big trade. Indicators showing over bought too which supports the move down. We also have Diversion on the MACD. To play it safe, I would suggest waiting until you get a bearish flag which may happen on the next trend line that it's heading...

Millennial_Trading

Price is currently correcting from a big impulsive move down. Getting close to a Fib 50 & 618 zone & price is starting to look very over bought. I will be looking for signs of rejection/reversal if & when price gets inside the sell zone - Red Box. I will only enter this trade on a momentum candle down. Once price starts to drop, look at your 15 min chart & enter...

Millennial_Trading Updated 

There is a nice bearish flag forming & price is currently at a little bit of a resistance level & indication of over bought on the 1 & 4 hr chart. A good opportunity to get involved with a bearish pattern & catching it earlier than the breakout. I will be moving stop loss to break even as soon as price touches the flag trend line just in-case it bounces back up...

Millennial_Trading Updated 

Price has broken a trend line that's been tested numerous times & it's done exactly what I was looking for & retested the old support which is now possibly a new resistance level. I'm looking for a nice momentum candle down to give me a perfect entry for what call a step 3 trade - ie, retest. Indicators also showing overbought which is another little something...

Millennial_Trading Updated 

This pattern that is forming on the weekly chart is looking like the perfect Rising Wedge Continuation pattern. I will post below in the comments section any lower time frame opportunities that will arise. It would be great to get involved in shorting this & just letting it run & hopefully break out of this pattern to the downside. Could take a few weeks until it...

Millennial_Trading

Looking for a breakout of the dotted trend line. Nice trade to go get on the good side of what could possibly turn into a big trade. Good luck :)

Millennial_Trading

Bearish flag forming & my analysis for this pair is for a long term short so a nice opportunity to get involved when price breaks the flag on this 1 hr chart. Good luck :)

Millennial_Trading

Price has already broken out of a strong uptrend, found nice momentum to the downside, currently consolidating & formed a bearish flag. To be safe, enter the trade at the next momentum that breaks the flag. Good luck :)

Millennial_Trading Updated 

Price currently at the top of a resistance level & wedge pattern. Going off of technical analysis i'm seeing this pair dropping long term, so a nice opportunity to get involved. Will be putting SL to break even if i get a nice drop. If it pushes beyond the resistance level then I will close the trade manually for a small loss. Good luck :)

Millennial_Trading Updated 

Previous trend line broken, currently being re-tested, ie, previous support turns to resistance, lets see... Two targets to aim for, once target 1 hit, stops to break even & ride the wave. My Stop loss is huge, but playing it safe as seeing a huge drop in this pair coming in the near future, still, with my current setup, your looking at RR 6:1. For the perfect...