ALGO/USDTSeems like ALGO is pushing up the price just like the other main coins.
Right now it's pushing up the Bollinger Bands and is considered a very powerful uptrend.
You can easily get this but first we're gonna have to wait for this coin to confirm and close a 4H candle above the resistance. After that it's pretty much safe to open long positions. (Unless Bitcoin starts to fall)
-This area is a very powerful resistance for this coin. it got rejected from here too many times; so be careful-
Good Luck 🎲
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Algotrading
ES Trade Plan 3/12Hello Traders, ES has had a nice rally up this whole week and nearly touch ATH once again. Overall very bullish as long as we continue to trade above 3865 to eventualy retest previous ATH and push into the 4000's that everyone wants to see. I would like to see a healthy pullback to 3900-3901 before we push higher at another attempt to break ATH.
Short below failing to break and hold 3935, PT @3911-3910, 3900-3901, 3892-3893
Long after a healthy pullback that we need to continue higher. Entry @3901-3900 after confirmation of reversal. PT @3920-3921, 3933-3935, 3958-3959 (ATH)
Or breaking and holding above 3935 for a quick retest of yesterday high, PT @3945-3950, 3958-3959 (ATH)
Why Bitcoin is so simple? Didn't understand this before!Cycles and clear patterns are no longer news in the crypto world. Especially now that a bunch of public companies led by Tesla are on the rally.
But I'm glad I understood how Bitcoin works. Now I look forward to new peaks at the end of the year. And I will wait for the day at the signal to buy. I'm glad for that, gentlemen! 🤠
And this is how it looks locally!
BTC Looking for a healthy pullbackHello Traders, BTC looks like it wants to pullback down to 51830's-51840's previous resistance after rejecting 55800's as that was the key level from this week. Long above 54450's after a nice healthy pullback to push back to this week's high at 57400's.
Short holding below 55860, PT @54500, 53010, 51810's
Long after reversal confirmation near 54470-54480's to retest this week's high. PT @57400's, 58300's.
NQ Trade PlanHello Traders, NQ is looking to consolidate within a minor resistance trendline that has been holding for nearly 6 hours now. Breaking above and holding the trend and we'll retest yesterday's highs @12850-12860's. Under 12720's and we'll find a retest of the previous resistance near 12610's previous breakout.
Long Above @12795 , PT @12820's-12830's/@12860's-12870's
Short Below @12721 breaking and holding below for PT @12680's/@12610's
Algo makes me happy. ALGOs are here to stay. They obviously cannot be taken for granted. One thing I tell friends that purchase an Algo in the form of a Tradingview Script, is that it will help their trading decisions and confirm technical Analysis made by them.
On my quest of finding a good Algorithm, not only for signals and accuracy, but supporting instruments, I came to Elite Signals Algo .
Again, the goal if an Algo is to support your own Technical Analysis. With almost 80% accuracy, this instruments can help your decision making and maintain emotions on the control level.
One of the coolest features is the auto drawing of Support and Resistance level. They are VERY accurate and combined with Candlestick pattern recognition, your day trading becomes very powerful.
Is the Algo making me a lazy Trader? No, not at all. Its a supporting tool, same as any indicator.
Are you interested in this great tool? Follow the link and send me any question you have.
Enjoy your day trading!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only. You can use the information from this post to make your own trading plan for the instruments discussed or other instruments. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
ALGO continues correction waveFib channel pointing at next low and when to expect it?
3/2/21 - $.56 to $.52. This price will probably not hit exactly on. I plan to put in a few buys a little above this number.
I find a lot of people who share their charts focus to heavily on smaller scales and never look at the Day, Week, or Month. The larger scales serve as a road map of where price is heading. Start in the larger scales and work your way down to the scale you like trading in. I.e. "Bitcoin going to the moon this year!" charts. Really what does the historic patter show? Impulse waves and correction waves even at the larger scales. Happy trading.
*My opinions for the purpose of pattern analysis. This is not financial or trading advice. Use your own best judgement.
SPY (3/8)-(3/12) Trade PlanWatch SPY for a break and hold over 384.60-385.00 and (EMA 200) resistance and minor trendline resistance back from last Tuesday 3/2. Stimulus news should help SPY break above, holding above and we'll find a retest to the high 380's and low 390's again. Rejecting 385 and we'll find support near 378/379.20.
ALGO Breakout COMING SOON!Price seems to have bottomed out at .83 on Feb 23. That's a 55% pullback! Since then price has been consolidating in a narrow range. As this pattern becomes more narrow, price will breakout soon. VERY IMPORTANT, price could breakout to either side. It's also very possible that price could break below .83. It's not unusual for Altcoins to correct by more than 60%. Still it's a great opportunity! Manage your risk!
ALGOUSD (ALGORAND) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- ALGOUSDT brokeout above descending trendline resistance.
- Price action is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
EURUSD London session trading plan march 2ndLondon session set up for NFP week. 3/1/2021 - 3/5/2021
Looking for some wild price action into day 2 of week 1 March.
Bias: Bearish
Seasonal Tendencies : Consolidation
Monthly Judas? Yes (Expecting on week 1/2)
Weekly Judas? Yes (Expecting Tuesday low of week)
Daily Judas? Yes ( Possibly will complete on current trade set up)
Institutional order flow weekly : Bullish
Institutional order flow daily: Bullish
Institutional order flow H4 : Bearish
Institutional order flow H1: Bearish
Institutional price levels near? : Yes 1.20000 at the start of FVG 14 pips above our TP target.
Confidence level : ⭐️⭐️⭐️⭐️(4/5)
Entry 1 : Mitigation block formed inside of the asian range.
-1.20233
Take Profit : End of Fair Value Gap on the 4HR
Entry 2 : 15 min Fair Value Gap formed out of central bank dealers range going into asia.
Take profit : End of Fair Value Gap on the 4 HR.
Notes
Possible shift of higher time frame institutional order flow this week.
Will keep a look out for this shift in price action after HTF fair value gap is filled.
Expecting Higher prices in EURO for NFP