1h
BTC Reversal Or Death!COINBASE:BTCUSD
BTC Scared the hell out of all of us last week but it looks like sunshine could be on the horizon.
Development of a rising triangle during recovery
4H volume looks like its dropping towards something large
1H volume looks like we have one more "Shoulder of an incomplete Inverse H/S pattern" dip until this larger 4H move
3 Consecutive higher Lows with RSI trending higher in tandem
A peak at the ZECUSD chart shows a quick move towards its 4H 50MA with a initial denial but still recovers higher then where we are now with the other alts and majors
Zcash could be an interesting leader during times like this as LTC and ETH have done in the past.
If BTC breaks the orange line and confirms a 4H + candle above the green, I'd say we are quickly returning to 8k in a hurry...
USDJPY 1D/1H - HOW TO PROFIT FROM TRADING PULLBACKSTRADING PULLBACK RULES
1 - Find Daily uptrend with HH's & HL's.
2 - Switch to the 1h Time Frame
and Wait for a Pullback
against the Uptrend.
3 - Place Fib between last swing
high and low levels,
prior to the pullback.
4 - Buy Anywhere Between 50% and 61.8% Fib.
5 - Place Stop Loss below Swing Low.
6- Take Profit at break above the
previous Swing High.
BTC/USD OUTLOOK GRIM? LOWER MTFA ENGLISHNOVICE SPECULATION:
Well, BTC is migrating to the lower end of 8! Where will we go!
On this chart, you can see multiple opportunities for high volume trading, or entries for a long term short.
As this month closes, we may see a retrace to 9, but my personal opinion is we are going to continue to drop to 8.3 to <7.
As always, it is hard to analyze where we go since, generally speaking, we are always combatting whales and exchanges *one in the same usually* so watch out for the weekly and daily time frames.
LOGIC BEHIND SHORT:
-Paper trading, so I feel no pain or regret, thus can safely make speculative paper trades on such a chart.
-Bitcoin formed a double top on the 4H
-Normal bouncing around, as usual.
-Be careful out here...You could short and wake up to a 11k BTC.
TRADE AT YOUR OWN RISK
The BEST Timeframe to Trade ForexYou got into trading for one reason and one reason only. To change your life. For freedom, for freedom to do the things you want to do. To spend time doing what you want to do when you want to do it.
NOT to be a slave to the screen. Not to stare at the charts all day.
And here is the thing. If that is what was required, to stare at the charts for hours at a time watching each tick, then you would do it. You would do whatever it takes to succeed.
The thing is and I want you to pay attention to what I am going to say right now because it is very important, the very thing you are doing is actually the thing preventing you from success. You are spending too much time watching the markets and taking way too many trades.
Trade less. Avoid the noise. Take strong signals with a different mindset and increase your win ratio and profitability.
GOLD/SILVER RATIO STRATEGY #2 BETTER SILVER FUTURES LONG TRADEDETERMINE WHICH IS THE STRONGEST METAL BETWEEN GOLD AND SILVER
** If the gold silver ratio is in Uptrend and gold & silver in Downtrend: Buy Silver.
If the gold silver ratio is in Uptrend and gold&silver in Uptrend: Buy Gold.
If the gold silver ratio is in Downtrend and gold&silver in Uptrend: Buy Silver.
If the gold silver ratio is in Downtrend and gold&silver in Downtrend: Sell Gold.
The Intermarket relationship between the gold and silver price can reveal a better way to time the metal market.
There may be times when the price of silver makes a new low, but the price of gold doesn’t track that movement.
When something like that happens a possible trading opportunity can emerge.
We can note that the silver price has broken to a new low while the gold price has made a higher low.
This is a break in the gold and silver correlation.
It means that one or the other is lying.
To find out which one, we simply use the gold silver trading strategy rules revealed at step #3.
Based on those rules when the gold silver ratio is up and both gold and silver are moving down, the signal is to buy silver.
For timing the market, we have applied a 20 period MA over the silver chart.
A break above the 20 MA will trigger our entry.
Simple as that!
Final Words – Gold Silver Trading Strategy
When we use the gold silver chart ratio in conjunction with the individual price trends of gold and silver we can determine strong buying and selling opportunities. You can also ride massive trends with the gold silver ratio, especially when we have historical readings. However, since these only happen once or twice in a lifetime you can use our gold silver trading strategy to navigate the day-to-date price action.
The ratio can also be used to determine the overall market sentiment, which is a precious thing that can be used to trade other markets. Usually, a high gold to silver ratio is signaling a slowdown in the global activity, while a low gold to silver ratio is signaling improving risk sentiment.
ETHUSD 1H BUMP & RUN SHORT STRATEGYBump and Run Trading Strategy – Sell Rules
The Bump and Run trading strategy is one of the best reversal trading strategies that you’ll probably ever need to learn. The psychological reason why the Bump and Run reversal is such a powerful pattern is because it takes advantage of the result of excessive speculation. This propels the price too swiftly to the extreme which leads to a reversal.
Moving forward, we present the sell-side rules of the Bump and Run trading strategy:
Step #1: Wait until you can identify an uptrend (lead-in) and then an acceleration of that uptrend (Bump)
We’re breaking down the Bump and Run chart pattern into several steps. The first step is to identify an uptrend and then an acceleration of that uptrend. These two components of a trend constitute the first part of the Bump and Run Reversal.
*Note: A valid Bump and Run chart pattern has the first section of the trend drifting upwards very slowly and in the second part of the trend we need to see momentum picking up and the uptrend moving to the extreme.
Step #2: Draw the lead-in trendline that connects the lows during the first stage of the trend and draws a second trendline connecting the lows during the uptrend acceleration stage
The way you draw the trendline can be a subjective matter because there are several ways to do it and neither of them is better than the other. Ultimately, it all comes down to your experience and understanding of the price action.
Step #3: Sell Entry 1 at the break and close below the first Trendline, Sell Entry 2 at the break and close below Lead-in Trendline.
In order to maximize our potential profits we like to implement a two entries technique as follows:
Sell Entry 1 once the first trendline is broken. For confirmation of a valid breakout, we like to wait for the candle close below the trendline.
Sell Entry 2 once the Lead-in trendline is broken. Wait for confirmation of a valid breakout we like to wait for the candle close below the trendline.
During this stage, the market is in the process of reversal and the “Run” component of the Bump and Run chart pattern is formed.
The Run phase is identified when the price falls and breaks below the Lead-in trendline which also confirms that we’re in the process of reversing the previous trend.
The next logical thing we need to establish for the Bump and Run trading strategy is where to take profits.
Step #4: Take profit at the Lead-in trendline starting point
The ideal profit target for the Bump and Run trading strategy is at the Lead-in trendline starting point. In other words, take profits at the exact same level you use to draw your Lead-in trendline.
We encourage you to experiment different take profit strategies because the Bump and Run chart pattern can also lead to a severe reversal that can be the starting point of a big bearish trend.
Step #5: Place initial SL above the swing high created by the uptrend acceleration. Second SL placed above the Lead-in trendline breakout candle
Since we’re splitting our trade into two trades, we’re going to have two protective stop losses. The initial stop loss is placed just above the swing high created by the uptrend acceleration phase.
The second protective stop loss is placed above the candle that breaks the Lead-in trendline.
We’re adopting a very conservative approach here because if we truly have a reversal we consider that the market should not look back. In this regard, we keep our SL very tight.
We also recommend that once your second entry gets triggered to move your initial stop loss in the exact location as the SL2. This will guarantee you that even if you get stopped out on your second entry you’ll still be left with some profits.
*Note: The above was an example of a SELL trade… Use the same rules – but in reverse – for a BUY trade, but this time we’re going to use the inverse Bump and Run reversal.
BTCUSD 1H WILLIAMS %R MOMENTUM STRATEGYStep #1: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying .
Step #2: We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50 level.
Note* If the %R momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend.
Step #3: Place Your Protective Stop Loss below the Recent Higher Low.
We want to hide our protective stop loss. It is below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal.
Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal.
Step #4: Take Profit once we break below the Previous Higher Low
A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break below the most recent higher low.
Alternatively, you can take profit once the best forex momentum indicator breaks below the -50 level.
Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy. Use the same rules for a SELL trade.
Summary
The best momentum trading strategy (%R) leverages the tendency of a market’s price to continue moving in a single direction. This is where the momentum might be upwards or downwards. In essence, market timing is crucial for a momentum indicator strategy. And in this regard, we incorporated the best Forex momentum indicator (Williams %R) in our momentum strategy. Here are some of the trading conditions you want to avoid in the forex market.
Timing the market can be a daunting task. But our team at Trading Strategy Guides believes that using a pure price action can get you a long way. Check out our Price Action Pin Bar Trading Strategy.