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Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/02/09Hi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks! I will be sharing the trades that I take in real time, follow to see how my trades work out! Also check out my daily analysis on Ethereum! Market Overview Price Action: Bitcoin had a huge breakout after Tesla announced it had bought $1.5B in Bitcoin and created a high ATH @ $47.5K and looking to continue higher Patterns: N/A Areas of Interest: The area(s) of interest for me are the ATH @ $47.5K and the 200MAs @ $40.5-41.5K. Once price reaches one of these areas, I will monitor for entry confirmations. If the entry confirmations are aligned, I will take a trade and share the my trade in real time. Trade Setups Below are the potential trade setups that I would be interested in trading: Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $40.5-41.5K by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $47.5K, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out My Recent Trades 2021/ 02/04: I had a winning trade! I entered long @ $$36,819.0, SL @ $$36,528.0, price reached a high of $37,783.8, giving a risk reward ratio of 3.3:1. 2021/ 01 /31: I had a winning trade! I entered long @ $33654 SL @ $33292, price reached a high of $34220, giving a risk reward ratio of 1.6:1. 2021/ 01 /29: I had a winning trade! I entered short @ $37.2K SL @ $38150, price reached a low of $33500, giving a risk reward ratio of 3.9:1. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
4
A clear corrective structure on NIO INCGeneral Description NIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. NIO was founded in November 2014 by William Li, the Chairman of Bitauto and NextEV. After launch, several companies invested in NIO, including Tencent, Temasek, Baidu, Sequoia, Lenovo, and TPG. Technical View: -On January 8, the price broke a range between 40 and 54 with a top on 67 -After the ATH, the price started a corrective movement finding support on the broken range -Now, we expect a breakout of the current corrective structure, and we are looking for a target at 84.00 -Our Entry level is above B, and our stop loss is Below C. We will use the First fibo Extension as a Break-Even level and the second level as the Final Target. -IF everything goes as planned, we expect a movement between 30 to 50 days towards the Final Target.
NYSE:NIOLong
by ThinkingAntsOk
1
Stocks Make New Highs!! Next Targets??Stocks broke through to new highs yesterday. The Kovach OBV suggests there was a lot of momentum here, and there had to be. The S&P formed a double top back in January validating the importance of 3867. It broke through and is currently having trouble with 3887. This is a level we called out last month, which was a Fibonacci Extension. The S&P is pretty extended right now, so we can expect a retracement, perhaps off 3887 to highs at 3867 or perhaps 3848. No one can deny the momentum in stocks, the Kovach OBV is quite strong. So eventually we will break through 3887 and hit 3928, then 3937. These are two somewhat proximal levels garnered from Fibonacci extensions. Note the vacuum zone between current levels and these targets. If the S&P is able to break new highs, it should sail through to those targets soon after.
FX:SPX500Long
by quantguy
2
🔥 OCEAN/USDT Massive Break Out: New All Time HighsThis morning, OCEAN managed to beat its previous all time high of $0.72. The new ATH was formed with a massive spike in volume, which resulted in an increase of over 15% in value in a single day. Such a blast through an important resistance/support generally means a strong shift in trend for a longer period of time. Seeing the bullishness of the total altcoin market, I think we will see some more gains for OCEAN in the coming days. On the chart I’ve marked two potential areas of resistance, $1 and $1.20. Since we're in a new trading territory it's hard to pinpoint exact resistances. The main resistance on the chart is the $1 resistance. Do your own due diligence. Happy trading!
OLong
by FieryTrading
11
Historic ETH success! What's next?Yesterday we experienced history as ETH hit an all-time high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We are also seeing a new pattern in the crypto market. Instead of reaching ATH and going down with a large dump, ETH wabbled a little and then the short squeeze kicked in. Gut feeling says that someone just accidentally stumbled into "holy sh*t have you seen shorts books* and instead of dumping, pumped ETH a little more! So what does that mean for today? Will it go up? Will it go down? Sideways all around? Track whales and you will find your answer! Today's technicals: Position should be Long (Eye of the storm, be vigilant Short and Long as per your better judgement). Forecasted hights 1600 with no hard ceiling. Forecasted lows 1520 with potential to implode if you all of the sudden start seeing large red candles! Have fun and keep that volatility rising! 💸💸💸
BITSTAMP:ETHUSD
by DataMoney
🔥 Bitcoin Strong Break Out Of TriangleIn my previous Bitcoin posts I argued that Bitcoin was in for a strong movement since the triangle pattern was almost finished. On the previous occasions I mentioned that this triangle is a bearish one, therefore I was leaning towards the bearish side of the break out. Bitcoin, on the other hand, doesn't feel like correcting at all. It just broke out of the bearish triangle with one of the biggest bullish candles we have seen in months. This amount of volume leads me to believe we're gonna see a crazy weekend ahead of us. On the chart, I’ve marked two potential areas of resistance. These areas are based on the round number of $40k and the all time high. Will we see a new ATH soon? Happy trading!
Long
by FieryTrading
5
Ethereum Falling After Failing To Beat All Time HighIn my previous posts about Ethereum I argued that in case the ATH gets beaten, we might see a sharp increase in the price of ETH in the near future. Sadly, the first target, which was the ATH, seemed too strong to breach at this point in time. The ATH resistance held strong for a second time now. Currently, it's looking like the price is moving down gradually towards the lower trend line of the channel. In case Bitcoin stays relatively calm, we might see another sharp bounce from ETH towards the ATH. In case we fall through the support, I don't see ETH reaching the $1450 area again anytime soon. Happy trading!
Short
by FieryTrading
12
SPX liquidity engineering in progressHello analysts and traders. Price touched the trendline on the 4hour chart. SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high . Where did price fall to? Key trendline creating a lower high. Why is this important? Look left - the white candle shows an imbalance on the previous bullish engulfing. We are currently long but await the next buy from a daily low. Key: 4 hour = orange trendline Green zone - daily, weekly targets See the wider picture See our last trade: Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise and clears your mind. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Regardless we will continue producing analysis. Thanks, Team LVPA MMXXI
TVC:SPXLong
by LupaCapital
2