JSE:IPL - Imperial Logistics- JSE:IPL
- Share has been beaten down quite a bit
- Recovery looks to be on the way
- TP / SL / R:R on the chart
200ma
ETH/BTC - short term pullbackETH/BTC has broken out of it's long term downtrend and made an impressive move over the last days but now it looks like a great place to take some profit and buy back in lower.
The reason for that is:
1. ETH/BTC shot right through the daily 200 MA and hasn't had a proper correction since. Now it's very close to the daily 314 MA and will likely bounce off it and retest prior levels.
2. It's at the top of the current channel
3. Daily StochRSI is very high and likely to cycle down soon
4. Significant bearish divergence on the hourly timeframe which is also visible on the ETH/USD pair (see comment below for chart)
Long term it looks bullish to me so consider this a short term setup.
$KMD update! +10% since yesterday's post/discussion.
$KMD update! +10% since yesterday's post/discussion. Did make a beutiful +10% move after bouncing nicely from the 200MA on 4H. Unfortunately it got rejected close to the 200MA on 1D & from the resistance at the previous range high.
Price currently consolidating and rying to get back into the ascending channel. Secured profits and observing if the price rejection was not just a reaction to the slight $BTC dump from earlier today.
GWO Double Bottom 200SMA GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)
Structural Resistance| Low Volume | Key Trade Location Hello Traders!
Today’s chart update will be on big daddy BTC, which has been trading at a key trade location where a move from is highly probable before or on February 10th (measuring previous consolidation at this current level).
Points to consider,
- Trend testing major resistance
- POC local strong support level
- Stochastics topping out
- RSI trading in upper regions
- 200 MA retest probable
- Volume below average
BTCUSD’s trend is at a key structural technical level where a break will put in a macro higher high, further confirming a trend change. The POC is currently local support where BTC will most likely retrace to if the 200 MA fails to hold a retest.
The stochastics is currently topping out, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI itself is trading above support; a break will increase the probability of a retest of the 200 MA and the POC.
The 200 MA retest is highly probable due to the market structure; a correction at some point is imminent. Volume on the other hand must increase and remain above average to ensure follow through in any direction.
Overall, in my opinion, BTC will most probably incur a move before or on February 10th as it has been trading quite stagnant at a key trade location. A move in either direction will dictate the overall market trend for Bitcoin.
What are your thoughts?
Please leave a like and comment,
And remember,
“Events, circumstances, and experiences arise and pass away. Winning trades, losing trades, fear, greed, sadness, happiness, and eventually your own life. Everything is in a constant flux. Learn to go through it with stability of mind. A meditation practice helps a lot.”
― Yvan Byeajee
LONG - THETA - Trading OpportunityGreat consolidation above 200MA expecting some uptrend for a while.
Entry: 0.00001153
TP 1: 0.00001261
TP 2: 0.00001365
TP 3: 0.00001475
SL: 0.00001088
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
XRP Looks very bullish to meA nice bull flag formed in side the trading channel previously post. Not retested the support line @ .2340 either and WELL above the 200 MA. The most positive thing about the price action is it's ability to hold on to the price rise, then consolidate. Haven't seen this kind of price action for a considerable time. Bull market underway......I can see us nudging the .2810 resistance level before the end of February. Happy trading everyone, good luck to you all.
XRP holding strong with good supportMorning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and most certainly establishing a long term trend reversal back to the long awaited bull market. Long way to go yet, but positive signs for HODLERS waiting to recoup their cash! Have a great day and an even better weekend.
Christmas massacre is on the wayWelcome!
First off I want to be transparent with my last idea where I stated BTC is going to have a rally. Clearly that didn´t happen BUT I had very valid technical reasons for thinking so and called a lot of the movements in that period right. In fact, I even shorted the top at 7.5k as I saw things change in the market. You would have known too if you´d follow me here:
twitter.com
Alas Bitcoin is going to do its own thing and ever since that 7.6k fakeout it decided more pain for the longs is on the menu.
Right, let´s get to this analysis.
Once again I am going to be very short, you want more info feel free to follow me on Twitter. Anyway, BTC is likely going to Christmas hell because:
1. longs are at an ath and are underwater (once these people start selling, oh boy, oh boooi)
2. we just made a lower high on the weekly - trend continuation expected
3. MMAR´s lowest ribbon has been broken and closed below - extremely bearish
4. my custom moving averages are still in a sell signal
5. more reasons but I am lazy
Targets?
Don´t think even for a second that 6k region is going to hold because it almost certainly won´t, the real selling has, in fact, not even started yet. Consider this a preparty.
I am looking at the 200MA on the weekly as a likely target for the coming sell off (orange line) and I do expect it will hold at least on the first attempt. I do have an idea on what could happen after that but all in due time.
Take care.
USDCHF - Sell Limit at "Multiple Sell Point"Hi Traders!
The market is in a strong downtrend.
The "Multiple Sell Point", as we call it, consists of three parts:
> The nearest Resistance is there and that means that selling pressure could get in;
> the 200MA as a guide line, because the market often touches it and bounces back;
> the top of the bearish wedge , which is also a trend continuation pattern.
We recommend to sell the market at the "Sell Point" with a risk-to-reward ratio of 1 to 2.
Thanks and good luck :)!
Target hit; Long closed; Profit taken.IJust had a successful 5x long from 8200 to right where the candle wick has stopped here just barely shy of the falling wedge breakout target. I will now wait for a couple daily closes above the 1 day 200ma before reopening any long.....overall pretty satisfied with this one even if it doesn't hit the target with 100% accuracy(which it still very easily might) 98% accuracy is pretty impressive for a wedge pattern.
EOS Descending Broadening Wedge Formation |Bull Flag|Low Volume Hello Traders!
Today’s chart update will be on EOSUSD which has a bull flag forming above the 200 MA average after breaking bullish from a descending broadening wedge formation.
Points to consider,
- Trend broke bullish
- 200 MA serving as support
- Local resistance from Fibonacci Extensions
- RSI respecting support
- Stochastics projected downwards
- Volume clearly declining
EOSUSD trend has broken bullish with a confirmation of an influx in volume from its descending broadening wedge. The technical target is associated with the first price touch in the formations upper resistance line.
The 200 MA is currently serving as support; EOS is consolidating and forming a bull flag which is a continuation pattern in this instance.
Local resistance is provided by the Fibonacci Extensions, EOS technical target aligns with the 1.277 Fibonacci Extension – a level prone to profit taking.
The RSI has bounced of support, currently holding in the upper regions as price consolidates. Stochastics is currently projected downwards, can stay trading in current region for an extended period of time as price develops.
Volume in clearly declining, an influx of volume will come to fruition in either direction, EOS needs bull volume for follow through from current probable bull flag formation.
Overall, in my opinion, a break will come to fruition, key levels have been broken which has changed the trend of EOS. Consolidation above the 200 MA is very bullish; especially with a bull flag forming, which will be confirmed with volume.
What are your thoughts?
Please leave a like and comment,
And remember,
“There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”
― Yvan Byeajee,
#JSETCP - New 52 week HIGH - Solid up trend (200ma pointing up)
- Breakout of bullish flag on the weekly
JSE:TCP
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
LONG - STRAT - Trading OpportunityPrice consolidation looking to soon breakout, low TF looking like an ascending triangle.
Entry: 0.00004080
TP 1: 0.00004586
TP 2: 0.00004943
TP 3: 0.00005455
SL: 0.00003900
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
BTCUSD Golden Pocket| 200 MA| Regression Trend Hello Traders!
Today’s update will be on BTC’s daily chart where it has been rejected from the golden pocket, a correct may be imminent due to heavy resistance confluences.
Points to consider,
- Trend testing strong technical resistances – Golden Pocket & Regression Trend
- Local resistance - 200 MA
- Local support at .786 Fibonacci
- Stochastics topping out
- RSI coming into apex
- Volume below average
Trend is testing strong resistance, golden pocket, a key Fibonacci level where BTC has been rejected from that is also in confluence with local resistance. The 200 MA and upper resistance from the regression trend line proves heavy technical confluence.
Local support is found at the .786 Fibonacci level, BTC is probable to return to this area before an impulse move back up.
Stochastics is currently in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. The RSI coming into its apex, signalling that a break is imminent in either direction.
Volume is well below average, an influx in imminent with a decisive move; this will help dictate the direction of BTC.
Overall, in my opinion, BTC is likely to correct to support due very strong resistance. A correction will cool of indicators such as the RSI and the Stochastics before another leg up.
What are your thoughts?
Please leave a like and comment,
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.”
― Yvan Byeajee,
TRN - Highly Shorted Stock Looking BullishThe stock price has been rising since a double bottom in early October. It broke out of a downtrend today with the price finding support on a level where the price gapped up. This area is also where the 200-EMA line is. Today's short float on this stock was 11.71%. Price targets are noted on the chart.
price action very close to reaching inv h&s breakout target; I anticipate we may even test the 1 day 200 MA (in blue) before any significant retrace. If price action can find a way to close more than 2 consecutive 1 day candles above the 1day200ma however this may be a legitimate breakout from the wedge.
USDJPY Short still validHi traders, potential UJ short. Price currently has very strong bullish momentum so be cautious trading this idea, and as always manage risk appropriately!
Confluences:
-Failed uptrend line
-new lower low
-price is approaching 200MA on the weekly chart
and now you know when to long bitcoin...and if you cant see it, please put your head in books and learn
BTC Rallying above the Daily 200 MAThis is BTC Technical Analysis.
Current price is in the $7400 region, which is up around $400 since the day started and is currently rallying.
The BTC price action has been in the low $7000 range, since around about the 23rd November (wicking down to around $6400 &, up to the $7800 levels at times).
The current macro trend remains as a downwards since the "blow-off top" in June 2019 (from June's high of around $14,000, down to September's low of around $7400 & high of around $10,000; & December's new local low of around $6400).
Due to the current range trending, Traders can wait for a breakout of the current ranging price action upwards, to reach for a turn of the trend, from trending-down to up; or a continuation of the past trend which is downwards.
Signal to identify a turn of the trend from Downwards, range-trending to, Upwards trending.
When the 20 Daily Simple Moving Average gets above the 200 Daily Simple Moving Average, and the Daily candle closes above the 20 MA which is above the 200 MA - This signifies that potentially stock could start to aim for higher highs and reveal going long opportunities for Traders!
Signal to identify a continuation of the Downwards, range-trending to, continue trending Downwards.
When the 20 MA gets rejected by the 200 MA (the 20 MA comes up to cross over on top of the 200 MA, but it instead remains below the 200 MA) - This signifies that trend is continuing the current micro trend within a range, or that the trend is continuing the current macro trend which is downwards towards the next SAR levels, and skilled Traders may be able find more shorting opportunities in a downwards trend.
Even the most skilled Traders always stay out of trading when price is not trending, but is stuck within a range of SAR (except for some Scalping Traders!).
Have a look at COINBASE:BTCUSD .
Add the following Indicators to your chart:
20 Daily Simple Moving Average
200 Daily Simple Moving Average
On the current Daily & 4 hour charts, are you able to see where;
Any time the 20 MA (yellow line) is above the 200 MA (orange line) , price action has a bullish sentiment?
And, where the 20 MA falls below the 200 MA, price has a more bearish sentiment?
Of course, experienced Traders will like to delve further into analysis before executing their trades, however the information presented here may be useful for swing or position traders seeking to buy the 'Bitcoin Bottom' & helping traders to decide whether to buy long or short BTC.
As a Trader I seek to go long in uptrends, go short in down trends & I tend not to Day Trade within price ranges except for when the Market signals a potential 'fair-play', for some scalping action on the shorter time-frame!
A Daily close any-day now, above $7700 & $8000's region would signify to me an interesting point of a potential turn of the trend to the upside, & where I look to analyse further for confirmations and entry's for long plays!
I'd be expecting rally's with that breakout, I'd play entry's close the 20 MA and take profits as price rally's away from the 20 MA before it snaps back & retraces, back towards the 20 Ma.
In this case I will go further with TA nearer the time.
Where there is no confirmation of a new potential Macro Trend break upwards, no confirmation Daily closes above key areas of resistance, i'd analyse to confirm that indeed the downtrend has continued or that we continue into the current trading range, waiting for a breakout confirmation again!
EURUSD high probability shortSince April 2018, EUR/USD has been in a down trend, with lower lows, and lower highs. The reason why the title says "High probability" is because I see similarity between what happened with EU from the beginning of June 2019 - end of juli 2019. This "coincidence", in addition to the over one and a half year declining trend, makes me comfortable with executing this position shortly. I will be waiting for confirmation before going short. What i will be looking for in terms of a confirmation is: A. Strong resistance from 200MA (purple line) on the Daily chart. B. fast EMA (green line close to price) crossing the slow EMA (red line close to price) downwards. C.Bearish volume.
PS: The short RR on my chart is visualisation for my prediction ONLY, and is not ment to be applied as a trading-plan.
I will be commenting on this idea when time is right.
AUDUSD - Area of interest- Price approaching the downtrending 200ma
- Level of resistance to be expected at this trendline.
- Will be looking at price action for clues for a possible entry
FX:AUDUSD
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
LINKBTC - bullish divergence and MA crossover coming upLINKBTC looks primed for a move - it's currently sitting right on the hourly 314 MA and 200 MA and it looks like the 200 MA will very soon cross over the 314 MA which is a bullish sign.
Currently right on the 0.618 fib-level and showing bullish divergence on the hourly RSI.
In case it fails to break out here rebuy on the trendline.
Keep an eye on the key level as a fail to move over it could indicate further price decline.
Consider a stop loss below 27000 or below the trendline.
If you want to play it safe wait for the RSI to break out of the downtrend and for LINK to move over the key level before you enter.
