Short Term Long Trend Interference 4 Hour BINANCE:BTCUSDT , price crossed the downtrend channel and short uptrend has started. I'm just waiting for MACD crossover and RSI is still overbought. I'm Short at 9220 and my Liquidity is at 9800. It can go to 9000-9100 area where I want to EXIT so badly. There are many other or most of the traders and technical analyzers on telegram and discord are indicating that a big dump is coming and BINANCE:BTCUSDT will drop to 6000-8000 area but it can take weeks or months. I guess only thing that i can do is to wait do share your thoughts in comments and do I need to increase my liquidity by adding more funds to my wallet, please do comment and tell me.
Binancefutures
BTC/USDT 12H (Binance Fut) Ascending channel retest & breakdownTA: Bitcoin is due for a correction, maybe only a small one but I'm expecting a big one this time if support breaks down.
Current Price= 9074.13
Buy Entry= 9119.00 - 9219.00
Take Profit= 8912.00 | 8506.50 | 7976.80
Stop Loss= 9426.00
Risk/Reward= 1:1 | 1:2.58 | 1:4.64
Expected Profit= 28.00% | 72.30% | 130.00%
Possible Loss= -28.00%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 10x
Estimated Gain-time= 480h
Has LTC finally seen the light?LTCUSDT
LTCUSDT is an interesting one for me at the moment. Although we’ve been in a downtrend for some time, we have mostly remained above the 50% channel line other than a few large dumps along the way. This is usually a bullish sign.
The other thing to note is that we are currently trending sideways after a long bearish period - this also usually indicates a change in momentum could be on it’s way.
If we can get a break above resistance that also closes us outside of this channel, creating a HH, I will consider opening a long as we have already created a HL so if this follows a HH this will give me confidence that we have found the bottom for now.
Will LINK be the alt that'll link us to the moon? LINKUSDT
Loving what I’m seeing on LINK atm. There could potentially be a huge reversal coming after such a long bullish run.
We have hit a level of major resistance at LINKs ATH resulting in a double top. I can still see bullish momentum so I don’t feel the bulls are tired just yet, some large bodied green candles show me they’re still around and still fighting. I want to see them starting to get exhausted with smaller candles and a bearish engulfing.
The long wicks on some of the red candles at this area show me there is a fight going on to bring the price down but in this momentum, who will win is still undecided.
I’m not sure I would long if we were to break above residence as I wouldn’t have previous structure to guide me however, if we were to break support and retest, creating and LH followed by a LL, then I would definitely be opening up shorts to ride this baby down!
Take profit areas would be at previous structure around 4.5354, 4.332 and final at supply around 4.2. This would be a multiple take profit trade for me.
DASH making a DASH back to the starting line??DASHUSDT
I’m seeing a potential further drop for DASHUSDT here.
We have failed to break above the 50 line within the current downtrend channel and are currently sitting around support.
What concerns me is that this level has often lead to a change in direction multiple times in the past and lead to a fairly decent long run, however, these runs have been getting shorter and short every time. So in that case, has dash made it’s final dash…?
The long out of this zone in the past has been fairly instant but the moment we haven’t seen any bulls come in to save the day within the last 24 hours so this leads me to maintain a bearish bias on this one.
I want to see a break of support and retest which clear the wicks to the left before I open up a short back to previous structure for a possible 8% market move.
Possible long opportunity on ATOMUSDT in the near future ATOMUSDT
I see market structure starting to change which may present a long opportunity soon.
We are currently breaking resistance. I won’t be longing from the break and retest here because I don't like the messy structure to the left. There are huge wicks there showing this is an area of volatility.
I want to clear this first before I would consider entering a long, at the same time creating another higher low.
If we can get a break above 2.850 and a retest of that level with some nice solid candles, I will consider opening a long to the previous high.
Stop loss may change dependant on the new structure created before the point of entry.
XRM/USDT 12H (Binance Fut.) Ascending channel and triangleTA: Monero bounced on 200MA (green one) acting as support and forming an ascending triangle (bullish pattern).
Also I can see a big parallel channel holding the up-trend, I hope it will keep this way!
Current Price= 63.72
Buy Entry= 63.72 - 62.32
Take Profit= 67.82 | 72.72 | 80.11
Stop Loss= 58.22
Risk/Reward= 1:1 | 1:1.94 | 1:3.36
Expected Profit= 24.90% | 48.39% | 83.79%
Possible Loss= -24.90%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 3x
Estimated Gain-time= 720h
ETC/USDT 8H (Binance Fut.) Pennant on support, back to channelTA: Ethereum Classic would probably retest the ascending parallel channel if pennant manage to hold and break up.
Current Price= 6.286
Buy Entry= 6.310 - 6.220
Take Profit= 6.591 | 6.969 | 7.237
Stop Loss= 5.939
Risk/Reward= 1:1 | 1:2.16 | 1:2.98
Expected Profit= 26.00% | 56.20% | 77.55%
Possible Loss= -26.00%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 5x
Estimated Gain-time= 360h
BCH/USDT 12H (Binance Fut.) Channel on support & falling wedgeTA: Bitcoin Cash is holding that support, and as long as the BTC pair is looking bullish, I'm expecting a big growth.
Also, we can see that the falling wedge broke-out then pulled back, this is another positive sign.
Current Price= 232.86
Buy Entry= 231.80 - 226.30
Take Profit= 269.95 | 313.53 | 357.11
Stop Loss= 208.60
Risk/Reward= 1:2 | 1:4.13 | 1:6.26
Expected Profit= 53.58% | 110.64% | 167.73
Possible Loss= -26.79%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 720h
BTC/USDT 4H (Binance Fut.) Rising wedge & midline channel retestBitcoin is facing strong resistance right now and is showing some clear bearish pattern.
I'm expecting price to continue the downtrend towards channel support if doesn't break back upwards.
Current Price= 9435.00
Sell Entry= 9400.00 - 9498.00
Take Profit= 9044.64 | 8706.24 | 8379.50
Stop Loss= 9612.50
Risk/Reward= 1:2.58 | 1:4.54 | 1:6.54
Expected Profit= 64.20% | 117.90% | 198.00%
Possible Loss= -33.90%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 15x
Estimated Gain-time= 240h
NEO/USDT 4H (Binance Fut.) Ascending channel holding supportFA: Neo mainnet 3.0 is planned before end of year (Q4 2020) and is one of the oldest staking coin generating GAS (2% APR or so).
TA: Right now channel support is holding, I'm expecting price action to bounce up towards mid-line if we're lucky and patient enough.
Current Price= 11.287
Sell Entry= 11.101 - 11.337
Take Profit= 12.151 | 12.751 | 13.771
Stop Loss= 10.588
Risk/Reward= 1:1.5 | 1:2.46 | 1:4.08
Expected Profit= 50.16% | 82.26% | 136.80%
Possible Loss= -33.48%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 6x
Estimated Gain-time= 240h
ADA/USDT 4H (Binance Fut.) Ascending channel facing resistanceCardano has grown parabolic after breaking that bullish triangle and is at resistance again, like VeChain.
We could revisit the mid-line of the parallel channel before continue the uptrend, or maybe even retest the Trendline.
Current Price= 0.08582
Sell Entry= 0.08572 - 0.08812
Take Profit= 0.08097 | 0.07512 | 0.06568
Stop Loss= 0.09287
Risk/Reward= 1:1 | 1:1.98 | 1:3.57
Expected Profit= 27.40% | 54.32% | 97.76%
Possible Loss= -27.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 4x
Estimated Gain-time= 240h
VET/USDT 4H (Binance Fut.) Ascending channel facing resistanceVeChain has grown parabolic after breaking that bullish triangle and is at resistance again.
I had to redrew a bit the parallel channel but I still think it's time for retracement now.
Current Price= 0.007462
Buy Entry= 0.007450 - 0.007694
Take Profit= 0.006882 | 0.006349 | 0.005488
Stop Loss= 0.008262
Risk/Reward= 1:1 | 1:1.77 | 1:3.02
Expected Profit= 27.33% | 48.45% | 82.56%
Possible Loss= -27.33%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 240h
#ETH #ethereum - Perfect 3 drive setup I read this somewhere, first, they pump ETH then BTC then alts then they cash out in USD & cycle repeats itself, this seems to be true for the current movement we are watching in cryptomarkets
First ETH was moving but BTC was lagging now BTC is moving but ETH is lagging, i posted a long chart while back with the targets of 267, it looks hard to reach there now, we are forming a HUGE Bearish divergence on 4hr time frame
along with it, Three drive perfect setup is also printed!!!
will follow this setup as per charts, i will trade with no so for now as i think we will see some wick hunts but overall this is a good setup!
ETH/USDT 8H (Binance Fut.) Possible bullflag formingEthereum is forming a bullflag and looks like it will continue the uptrend according to his dominance: ETH.D
I won't create it in Prediction Coins bot (Pcbot) to avoid too much exposure for my Futures copy traders.
But I'm operating it manually, so I thought I could share it to you guys anyway!
Current Price= 205.31
Buy Entry= 204.78 - 198.70
Take Profit= 216.17 | 227.30 | 241.44
Stop Loss= 187.31
Risk/Reward= 1:1 | 1:1.77 | 1:2.75
Expected Profit= 21.45% | 38.01% | 59.07%
Possible Loss= -21.45%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 360h
BNB/USDT 8H (Binance Fut.) On midline channel supportBinance Coin is consolidating here and MAs are holding, ALTs are having momentum so I expect it to grow in the coming days.
Current Price= 16.354
Buy Entry= 16.356 - 16.000
Take Profit= 17.173 | 18.137 | 19.363
Stop Loss= 15.213
Risk/Reward= 1:1 | 1:1.98 | 1:3.23
Expected Profit= 30.25% | 60.05% | 97.90%
Possible Loss= -30.25%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 5x
Estimated Gain-time= 360h
LTC/USDT 6H (Binance Fut.) Ascending channel on supportFA: Litecoin partners with Atari Bolster Gaming and Cryptocurrency Industries.
TA: a parallel channel is forming inside a bigger one, MAs are showing good support too and the LTC/BTC pair found bottom few days ago.
Current Price= 43.99
Buy Entry= 44.04 - 43.20
Take Profit= 46.35 | 48.31 | 53.89
Stop Loss= 40.89
Risk/Reward= 1:1 | 1:1.72 | 1:2.66
Expected Profit= 25.04% | 43.00% | 94.2%
Possible Loss= -25.04%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 4x
Estimated Gain-time= 360h