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Tezos - potential big pump after this BTC correctionTezos has not performed as well as other alts recently. That said, its price is also fairly resilient as BTC is correcting right now. In fact, XTZ is currently at a very strong support zone: Weekly P pivot, Ichimoku cloud and Kijun line on 4H. I think it reasonable to jump in here with this long set-up: Entrance price: ~$2.13 Stoploss: $1.93 (below S1 weekly pivot) Target: $2.9 (R5 weekly pivot). $3 has been a strong resistance level, so let's see how price reacts there. With this set-up, the R:R ratio would be ~4.5. Have fun trading.
COINBASE:XTZUSDLong
by UnknownUnicorn13756681
BTCUSD - Uptrend likely continues to 29140, XRP will surviveThe price of BTC has slowed down lately and almost completes forming a triangle. 1. The good thing about triangles is that they are more likely to indicate continuation than reversal (Schabacker R., 1932). 2. Ichimoku indicator on the 4H and the daily charts also remains the same setting: price above the cloud and Tenkan above Kijun, which means long only. The current trade I and taking: Entry: $26426 Stoploss: $25876 Target: $29140 Note 1: target price at $29140 is the R1 level of the weekly pivots. Note 2: if you are shorting because of the current $XRP event, you might regret. $XRP has been dumped seriously in the last couple days and the today announcement of Coinbase is obviously the last straw. In the future, I can see that $XRP might reach a deal with SEC, just like EOS and the others, and pump strongly. Those who have balls can scale in regularly from now and expect great profit. Have fun shorting.
Long
by UnknownUnicorn13756681
BTC /USD - BTC above $20k as I told ya last weekWith a one-thousand candle, BTC has pumped through $20k as I mentioned last Sunday. Price has been up 13.8% (at $20.5k) since I entered at $18k. 1. Since we are making another higher high, the dip at $17.6k on Dec 11th has become a confirmed higher-low. Hence, it would make sense to move the stop-loss to right below this level. If this bullish trend keeps going on, the higher-highs & higher-lows structure shall be intact. 2. Although the TP1 at $21.4k seems possible, it would definitely reasonable to secure a portion of the profit here, which would be 40% in my case. The rest shall run itself with the new stop-loss level. 3. Taking profit is encouraged, but shorting is a no-go for me. Since price has made a new all-time high, we are now in a no-chart territory and I seriously don't know what is gonna happen next. BTC's momentum is still very strong right now, so it would be ape-like to jump in a speeding train and short the corn. I learned this lesson the hard way. If I were sitting on the sideline, I would prefer to keep waiting for a pull-back and evaluate the situation. 4. Anyway, thank you to those who shorted.
COINBASE:BTCUSD
by UnknownUnicorn13756681
BTC /USD - I think we pump through $20k next weekBTC price has been up ~7.5% since I entered my long. Currently, it is approaching its strongest resistance zone at $19.2k-$19.8k for the fifth time. This reminds me a lot about the time when BTC was trying to break $4k in 2019. At that time, BTC also struggled at $4k resistance for a while, but when it successfully conquered that level, it didn't look back. Since this is a very strong resistance, I won't be surprised if BTC price gets rejected several more time at this level. That said, given the current momentum in price, I think we will see BTC above $20k in the next one or two weeks. Those apes who are continuously shorting BTC will provide enough fuel for this rocket to pump to the moon.
COINBASE:BTCUSDLong
by UnknownUnicorn13756681
3
BTC /USD - Swing long (cont. 01)In the last two days, BTC has been moving in a favorable direction for my long. Short term, I could see BTC possibly turning around and retest the $18.2k-18.1k zone. Day traders can potentially enter a short here at $18.55k with a stop-loss above @18.647k (Coinbase). However, I personally won't take it, but instead just sit on my hand and chill, since scalping does not work well for me. On the higher time frame, I am still confident in my swing long, although I am not sure when my target will be tapped. As previously disclosed, my setup for BTC swing long was as follows: Size: 20% of total capital Price: ~$18000 Stop-loss: $16100 (Risk: ~2.1%) Target 1: $21400 Target 2: $24600
COINBASE:BTCUSD
by UnknownUnicorn13756681
BTC /USD - Potentially good time for a swing longBitcoin has been correcting and is currently at a so-called decent support zone. Specifically, it is in the proximity of double-Ichimoku's baseline and MA50 line. In my opinion, this is a good time to scale in for a swing long, targeting $21400 and $24600, which are the 1.618 and 2.618 levels of Fib-expansion. If the bullish trend is not over, the current market structure of higher lows & higher highs shall hold. Hence, I think somewhere below $16200 (the previous low) would be reasonable to put the stop-loss.
COINBASE:BTCUSDLong
by UnknownUnicorn13756681
GBPNZD on the test of the channel?🦐GBPNZD on the daily chart hit and got rejected by a monthly resistance around 1.96 level. The price which moves in ascending channel reaches now the 1.94600 level and testing a minor support. IF the price will break and close below the structure and consequently break the channel we will set a nice short order according to Plancton's strategy. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
GBPCHF on a break of the resistance 🦐GBPCHF on the daily chart after hitting weekly support at 1.16500 is consolidating below a resistance level at 1.19 level. On the 4h chart the price found a minor support at the 1.18 area. IF the market will break and close above the daily structure we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
20
GBPNZD breaking 4h resistance 🦐GBPNZD on the daily chart (left) is moving inside a uptrending channel. On the 4 chart (right) market after consolidating between a support and resitance has broke the 4h structure to start again a bullish move. According to our strategy we can set a nice long order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
7