#bitcoin - Preparation for moveGood morning Traders,
I am looking at the 240 Chart of Bitcoin today, cause it makes sense: Tomorrow is Sunday and it´s not rare that moves happen then, starting off today evening or night-time.
As you can see clearly we are, also if you remember from the higher intervals where we are, that there is a lot of resistance ahead, that Bitcoin needs to break through, to break free.
As current supports on the 240 we have the Weekly AND the Monthly Pivot, which both formed the lower horizontal area for this consolidation. This marks our lower key-level. ($ 9 k)
As resistances, we have the former consolidation support from the Daily interval followed by the Daily close-close Trend line. After that everything seems minor, except the $ 10 k which is
obviously the psychological barrier to overcome. I don´t think it makes sense to define targets coming from a pattern here... it will have to be taken in stages.
Bitcoin has a tendency to break up especially when there is extra special resistance and nearly no support.
I am very curios how this is going to play out and if there is going to be a fake-out or not (in whatever direction).
Right now the price is a bit stuck between the red key-levels and although we had a little TB (TrendBuy-Signal) here it did not manage to break for now.
The 3 SMA´s are spreading and we managed to stay above the 50, this is good for now and 4H trend remains bullish.
____________________________________________________________________________
t.me/nerugroup
Warm regards,
Neru
4h
4 h BTCUSDGood day guys!
A bit late with this chart, but something to keep an eye. Last times we had the 4 h EMA Golden cross it was during the consolidation triangle pattern, which gave us an upside, but then a dump. The one before it gave us the bull run which gave us the run up the 14k .
So eyes open people, this could be the starting of the up trend, though is bit too early. If we get too far away from the EMA's, it is a call for a pull back to the EMA's. The best would be to have a pull back in the region of 8500 and then a run up, but the market seems wanna move higher.
The Golden cross has to be taken cautiously, because it just crossed, so be careful.
What's next for BitcoinBitcoin looks good on the 4h. We could see a touch on the 21EMA, but we should be ready for a high within the next day or two. If this jump is anything like the last, this wave should take us around $10,000 at the least. We'll see what happens. Watch out for false breaks and plan stop loss appropriately!
Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for educational purposes only. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
LONG - ALGOUSDT - Trading OpportunityBINANCE:ALGOUSDT has reclaimed and retest the MA200 on the 4h chart beautifully, consolidating above this very important resistance, while also making some sorts of ascending triangle on the lower timeframes like 30min.
Entry: 0.2321
Target 1: 0.244
Target 2: 0.2751
SL: 0.2225
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LONG - FTM - Trading OpportunityReclaim of the MA200 seems like a likely opportunity for FTM to retest the high of the range that has been stablished here for quite some time now.
Entry: 0.00000143
Target 1: 0.00000154
Target 2: 0.00000171
SL: 0.00000137
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LONG - XEM - Trading OpportunityReclaim of the MA200 on the 4h chart, along with a hidden bullish divergence, probably a retest of the previous high on the way. Tight stop and close targets, as BTC is really volatile lately.
Entry: 0.00000474
Target 1: 0.00000491
Target 2: 0.00000525
SL: 0.00000462
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EURUSD 4H EFC INDICATOR STRATEGYEFC INDICATOR is a REVERSAL finding INDICATOR.
EFC INDICATOR finds your ENTRY SIGNAL.
EFC INDICATOR finds your STOP LOSS.
EFC INDICATOR finds your TAKE PROFIT.
EFC INDICATOR has an adjustable risk reward setting.
PM me is you have any questions about the EFX INDICATOR that I can help you with.
4H BTCHello there,
as stated before, the daily/4h (chart represented in the 4) is showing a possible descending triangle .
Thought is not a perfect setup as triangle, is still has 3 touches in the bottom and the representation which i showed would be a the ideal case of a breakdown. The possible target is not the low, could go lower or even never arrive to the low. Is a possibility which i don't wanna take off the tables.
The EMA's in the 4h are spreading fast and it can't go on as this for long.
Lest's see, I just know when everyone is bearish wait for the contrary to happen.
BITCOIN - Short Opportunity, Updated IdeaThe price could not break the Resistance Line.
Moving below SMA, Bollinger Bands squeezing to the downside.
The RSI STEP TREND (One of my favorite indicators) will confirm our entry.
I will update the chart accordingly.
Expecting to reach Target Zone 7800.00 - 7900.00 soon.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
ETHUSD 4H ASCENDING CHANNEL TRADESChannels & Ranges are repeatable trading chart patterns.
Channels & Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the volume settings on the chart – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.