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New ApeCoin Crypto Analysis on Consolidation and Price ActionApeCoin (APE), one of the newest cryptocurrencies to launch on the Ethereum blockchain, already ranks in the top 100 cryptos by market capitalization. However, since the APE token was only launched on March 17, we have limited historical price data to assess the market sentiment. However, even a smaller historical price data sample can tell a story of what’s happening behind the curtain. Price Consolidation After reaching an all-time high of $28.00 on the day it was launched, APE's price pulled back and is now consolidating between the $16.50 - $9.50 range zone. Short-term, within this price consolidation, we can see some upside pressure. Up from the $9.50 support level, APE's price is trading within an ascending channel, with the price making a series of higher highs followed by a series of higher lows. Additionally, the RSI oscillator broke above the 50 mid-level to signal a strong bullish momentum behind the move. On the daily chart, we also have the potential of developing the 3 white soldiers pattern, which calls for a continuation to the upside. Looking forward: While the $10.00 psychological level holds the ground, the bulls have the upper hand. At the same time, a clear breakout above $16.50 can open up the door for a test of the next resistance, namely $20.00 followed by the all-time high of $28.00.
by cryptohopper
AAVE 2.5 Month Trendline Breakout Calls for a ReversalAAVE was the best performing crypto in the last 24 hours, gaining almost 13%. AAVE's gains are no coincidence, coming as the result of a classical trendline breakout signal that has the potential to signal a bottom. Trendline Breakout This is a fairly notable trendline, both because of its age and because it connects all the peaks printed in 2022. The breakout can signal a major shift in the market sentiment, but the bulls still need to clear the next major hurdle that comes around the $150 – $159 SR zone. RSI Momentum Yesterday was a big reversal day that was followed by a break of the RSI oscillator above the 50 mid-level. In mid-January and at the beginning of February, we had two failed attempts to break above the RSI 50 level. However, the sizeable bullish candle printed yesterday can signal that the outcome would be different this time. Looking forward: If the bulls manage to clear the $150 big psychological number, it will open the door for a possible test of the 0.382 Fibonacci retracement level, which perfectly aligns with February's peak. Ideally, we want the RSI oscillator to hold above the 50 mid-level to increase the chance of the current rally to extend.
by cryptohopper
Shiba Inu Smart Money Divergence Calls for a Potential BottomShiba Inu (SHIB) suffered a deep correction of about 80% from its all-time high of $0.00008864. However, recent price action development signals a potential bottom and a trend reversal. Often, major swings (highs or lows) can emerge when an asset is diverging from a benchmark index that tracks the market's overall performance – in technical terms, this is called relative strength. Relative Strength Signal If we compare SHIB's price against the altcoin index ALTPERP, which tracks the altcoin average market performance, we can observe that Shiba Inu shows relative strength. To measure the relative strength, we can compare the highs and lows of the two assets. On the one hand, SHIB's price has printed a higher low, which shows a shift in the price structure while, at the same time, the altcoin index printed a lower low. This tells us that Shiba Inu is outperforming its peers within the altcoin market. We can't currently call a bottom based on the relative strength signal alone because the current bounce lacks momentum. However, if we study the RSI oscillator, we can tell that most RSI readings are below the 50 mid-level, so the bearish momentum still persists. For a reversal to happen, two major things need to happen: 1. The RSI needs to break above the 50 mid-level 2. SHIB's price needs to break above its 200-day simple moving average Looking forward: The first major resistance level comes around the $0.00002662 level. On the flip side, the support level comes at the big round number of $0.00002000.
by cryptohopper
Automated Trading with Trailing Take Profit and Scaling ExitsAutomated Trading on Tradingview can be challenging. But with some strategies employing smart trading techniques, you can find your way to a reliable setup. There are many aspects of automated trading I've employed and studied. Those are as follows: Trailing Take Profits: Allowing a trade to surpass the original profit target if the price continues in your favor, followed by an offset value. Stop On Close: Waiting for a trade to close a bar below your stop loss before exiting a trade. Scaling Exits: Exiting a partial position at a set limit price between the entry and final take profit target. More info available on the chart.
Education
by PrismBot
1
Making Sense of AVAX Price through Elliott Wave AnalysisAvalanche (AVAX) has been one of the top-performing cryptocurrencies in the past 24 hours, with the price standing above the considerable psychological number of $100. Throughout this analysis, we'll show you how to apply the Elliott Wave theory to identify where we are in the overall bullish cycle. AVAX Elliott Wave Analysis Long-term Elliott Wave analysis suggests that AVAX price is in a bullish cycle from the September 22, 2020 low. Up from there, wave I ended with the $63.30 swing high with an internal subdivision as a 5-wave structure. Then, the price resumed lower in wave II towards the $9.25 low. The rally in wave III ended at the current all-time high of $151.22. We're currently resuming lower in wave IV, which has a high chance of being completed at the $72.0 swing low. Usually, there is an alternation between wave II and wave IV in Elliott Wave analysis. If wave II is an extended consolidation, then wave IV is a sharp correction, which is the case for the AVAX's price. Short-term, as far as AVAX's price remains above the $72 low, we can expect another rally in wave V to complete the five Elliot Wave sequences. We can already see the return of the bullish momentum on the RSI oscillator as the RSI already broke above the mid-level 50.
BINANCE:AVAXUSDLong
by cryptohopper
1
3 Things to Watch before Calling a NEXO BottomNEXO has been pulling back after it reached a 6-month high, but for the bulls to gain control of the market again, you need to watch for these 3 things: 1. Wait for the Stochastic RSI indicator to bounce from oversold readings. 2. The price needs to stay above the 200-day simple moving average. 3. The RSI needs to cross above the mid-level 50. 200-Day Simple Moving Average NEXO’s price needs to stay above the 200-day simple moving average. The 200-day SMA also aligns perfectly with the big round number of $2.00, which provides more confluence. RSI Oscillator Another factor to consider before calling a bottom is to wait for the RSI to cross above the mid-level 50. A crossing above the 50 level would signal the return of bullish momentum and subsequently the end of the pullback. Stochastic RSI Indicator Lastly, traders need to wait for the stochastic RSI crossover before calling a bottom; the fast stochastic needs to cross above the slow stochastic. Additionally, it’s better to wait for the stochastic RSI to bounce up from oversold readings. This will ensure again that NEXO is ready to climb higher.
by cryptohopper
AUDNZD short running ↘️👍We are using our POW reversal strategy for this trade a AUDNZD short. Trade details for current trade are shown on the chart. We are working the 30M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. Previous trades can also be seen on chart two hit TP and one hit SL. Lets see how this one plays out. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
3
EURNZD short progressing 📉👌We are using our POW reversal strategy for this trade. Trade details for current trade are shown on the chart. Trade has been live since 1:45 UK time. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Previous trades can be seen on chart. The last long trade was covered in my last trade idea. Trade history can be seen at the foot of this trade idea too for full transparency. The history stats you are seeing in that box this time is for the month of October to today. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
3
CADJPY short in progress 👇👍We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. In the report box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
2
I'm in a GBPNZD short 📉🙌Trade details for current trade are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red short arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. Previous trades can be seen on chart also. The long trade on the chart was covered in an idea yesterday. A successful short happened after the long trade had banked profit. Now I am back in another short trade. In draw down at time of writing but we stick to the back tested proven plan and see where this trade ends up. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
2
GBPUSD short has signalled 📉📳We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. Previous trade a long can also been seen on chart. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
1
Up date on AUDUSD idea from yesterday Yesterday I covered an idea for a strategy using our EDGE script. The idea covered AUDUSD working the 30 minute chart. The trade was a long idea that was progressing very well. After the trade I closed down for the day and the long trade closed as a sell then presented. What you are seeing in this trade is the now short trade playing out. The long trade I shared closed for some profit on this new short presenting. The idea below is the idea from yesterday With all my ideas I do state the two statements below. 'I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily' 'Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way' This is why I state the two statements above as this proves jumping on random ideas can lead to what has happened with this strategy. I share in ideas both with EDGE our trend follow strategy and also our reversal strategies in hope of giving people an insight to what mechanical trading looks like and can do for fellow traders out there. ----------------------------------------- Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
2
EURCHF closing on 3 out of 3 😍💪Trade details for current trade are shown on the chart. It's a late share guys as I've only just got up. Trade has been live since 6 am UK time. Covered a fair bit of late and this is why I automate my scripts so trades are not missed. Previous trade can also be seen on chart. Both of the short trades on the chart have come at 6am UK time. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red short arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
2
AUTOMATED TRADING BOTS: How to profit with Tezos.Tezos is one of the best token for our robot. Our robot mainly uses the DCA (dollar cost averaging) trading method. If the price drops, instead of the Stop loss order, we have a Buy limit order. This will also cause the Take profit value to drop and approach the current price. If the price falls and falls, the robot buys and buys. This keeps the Take Profit lower and lower. After that, the price of the token rises and our trade ends with Take profit, which is not far from us thanks to constant and precisely predefined purchases. The XTZ / USDT currency pair is suitable for our demonstration. You see very high volatility. It is through volatility that our robot can be profitable. If the price still went in one direction without frequent fluctuations and without "waves", the robot would earn very little. We need great volatility for big profits. Volatility in the TradingView platform will be helped by the Historical Volatility indicator. This indicator often (on this time frame) intersects the value of 50.00, which is rarely affected for low-volatile currency pairs. For example, you would look for Bitcoin very bad around 50.00 on this time frame. The key to our profitable trading bot is volatility! At a time of market colapse, when almost everyone is going through and positions in the Futures markets are being liquidated on a large scale, we are EXTREMLY profitable thanks to our robots. Of course, it is very important that you know how big the position is and how often, or at what intervals it is necessary for the robot to buy more. In no case is every setting of the robot profitable, on the contrary, setting up a profitable robot is not easy. You will learn how to set up a robot to be constantly profitable in our Academy. PS: One of the best things about trading with robots is that you remove all emotions and decisions. We wish you a nice day. UCT team.
Education
by UltimateCryptoTrader
I'm in a EURGBP short 📉We are using our trend following EDGE strategy for this trade. Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. At time of writing trade has been live since last night and is in draw down. However happy to share this trade and see where it ends up. Happy to share this idea as I'm working a proven strategy. How do I know it's a proven strategy? The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. I'll follow this trade now until TP is achieved, a new signal presents or stop loss is hit. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
EURAUD long is valid 📈👍Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
Automating strategies keeps me sane 😊Running a strategy with a proven edge has me comfortable mentally on how a trade plays out, Be it a stop out or a take profit target met. Also automating those proven strategies and just letting them be helped with my mental state as a trader. Trade alerted 17:45 this afternoon and has been close once to TP. I didn't know this I was in the garden enjoying the late summer sun that has bestowed the UK this week 🌞 Once upon a time watching the charts would of had me thinking of closing to soon and then filling with regret as the retrace occurs that I didn't close. Only reason to look at chart tonight was a quick mid week review of trades and this trade is one of my open ones. Trade details are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. The current open trade still might not hip TP but I'm not allowing emotions to play a part I let the objective based plan play out. Previous trades shown on chart from the last two days. Trade history can be seen at the foot of this trade idea too for full transparency. These are year to date stats. How do you as traders journal your trades I'm intrigued to know? Having back test capability and a trade log which is possible through TradingView pine script saves me hours in manually logging trades as well as manually back testing. Having that level of data allows me to know I'm running a proven strategy and that I have an edge. The next key bit to staying sane/stress free and one of the best pieces of advice I could give as a trader is use technology available to your advantage. Trading shouldn't consume every spare minute. Most of us do this to escape the 9-5 so don't spend hours at charts unnecessarily. Not spending hours at charts is why I haven't shared all these trades on this pair and when this current one alerted. If your reading this tonight let this sink in I've only looked at this chart once this week when I shared my last idea yesterday on the pair in question. There has been three trades since then and I'm only just looking now! Take it from me find a strategy that works and then automate that strategy. Your mental health and well being will be the winner in the long run along with healthy account gains. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Education
by pow_removetheguesswork
73
How to trade our signals without sitting at your computer? 🌐How to trade our signals without sitting at your computer? 🌐 When you want to trade, you can choose from at least two types of orders: market order or limit order. - Limit order: The limit order has at least two parameters - target price and amount -, and the exchange fills your order if and when the market price meets your target price. - Market order: The market order has at least one parameter - amount, and fulfills instantly at the actual market price as soon as you put it on the exchange. Besides the number of parameters and the execution time, a third, very important difference between limit and markets orders is the fee because limit orders are much more cost-efficient than market orders. So, we always put entry prices, target prices, and stop-loss prices in our ideas, and when you trade them, you can put limit orders at the given prices, and thus, you don't have to sit at your computer because you build the setup and the rest happens hands-off.
BITSTAMP:BTCUSD
by Elysian_Mind
1
BCH's Double Bottom will Lead to....Bitcoin Cash (BCH) was trading back near the $382 low but the price failed to break below and is now in the process of developing a double bottom pattern. If BCH’s moves continue to be supported above the $382 support level, this temporary bottom can provide more fuel to the bulls. Downward Sloping Trendline The bulls need to overcome the downward sloping trendline that connects a series of highs starting from May’s high of $810. A daily break and close above this trendline can cement the bullish trade signal. To the upside, the first level of interest comes at the $550 resistance level, followed by $760. A daily close above the big psychological number of $550 can open up the door for more upside. However, at the same time, we should not forget that the current bearish cycle in the cryptocurrency market is not over yet, and rallies tend to be short-lived. RSI Momentum Readings RSI oscillator continues to print negative momentum readings below the mid-level 50. The bearish momentum readings suggest that the current rally still lacks momentum, so bulls need to remain cautious. A break above the RSI mid-level 50 can confirm a shift in the momentum direction.
COINBASE:BCHUSDLong
by cryptohopper