BTCUSD Update: Profit=340900 SL=78800 Reward/Risk > 4.3:1Trade Setup summary:
Profit targets=340900 pip (28000 + 56500 + 91400 + 165000)
Stop Loss =78800 pip
Reward/Risk > 4.3 : 1
Current Status:
Total Profit: 177537 pip
Closed trade(s): 100337 pip Profit
Open trade(s): 77200 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 11367.21 based on 'previous Forecast' at 2020.07.31 :
Closed Profit:
TP1 @ 11420.0 touched at 2020.08.01 with 5279 pip Profit.
TP2 @ 11700.0 touched at 2020.08.01 with 33279 pip Profit.
TP3 @ 11985.0 touched at 2020.08.01 with 61779 pip Profit.
5279 + 33279 + 61779 = 100337
Open Profit:
Profit for one trade is 1153.21(current price) - 11367.21(open price) = 38600 pip
2 trade(s) still open, therefore total profit for open trade(s) is 38600 x 2 = 77200 pip
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (11420.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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Bitcoin-usd
BTCUSD Update: Profit=340900 SL=78800 Reward/Risk > 4.3:1 Trade Setup summary:
Profit targets=340900 pip (28000 + 56500 + 91400 + 165000)
Stop Loss =78800 pip
Reward/Risk > 4.3 : 1
Current Status:
Total Profit: 111758 pip
Closed trade(s): 38558 pip Profit
Open trade(s): 73200 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 11367.21 based on 'previous Forecast' at 2020.07.31 :
Closed Profit:
TP1 @ 11420.0 touched at 2020.08.01 with 5279 pip Profit.
TP2 @ 11700.0 touched at 2020.08.01 with 33279 pip Profit.
5279 + 33279 = 38558
Open Profit:
Profit for one trade is 11611.21(current price) - 11367.21(open price) = 24400 pip
3 trade(s) still open, therefore total profit for open trade(s) is 24400 x 3 = 73200 pip
Break Even 11223.00
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (11420.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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BTCUSD Update: Profit=340900 SL=78800 Reward/Risk > 4.3:1 Trade Setup summary:
Profit targets=340900 pip (28000 + 56500 + 91400 + 165000)
Stop Loss =78800 pip
Reward/Risk > 4.3 : 1
Current Status:
Total Profit: 111758 pip
Closed trade(s): 38558 pip Profit
Open trade(s): 73200 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 11367.21 based on 'previous Forecast' at 2020.07.31 :
Closed Profit:
TP1 @ 11420.0 touched at 2020.08.01 with 5279 pip Profit.
TP2 @ 11700.0 touched at 2020.08.01 with 33279 pip Profit.
5279 + 33279 = 38558
Open Profit:
Profit for one trade is 11611.21(current price) - 11367.21(open price) = 24400 pip
3 trade(s) still open, therefore total profit for open trade(s) is 24400 x 3 = 73200 pip
Break Even 0.658
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (11420.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
❤️ If you find this helpful and want more FREE forecasts in TradingView
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BTC Posible compraEl precio del BTC se encuentra rompiendo fuerte su tendencia mayor, despues de ser testeada 3 veces anteriormente, lo mismo pasa con la resistencia que donde el precio se encuentra... si rompe con cuerpo es hora de una compra fuerte del precio, por lo menos hasta el 78,6% del retroceso de fibo.
Dollar, Indices, Metals, Oil and BitcoinI will give a brief analysis on all the major assets + charts with my TA
-The Euro is getting somewhat overbought, but technically it is really strong. Most people are long USD and most people are bearish on Europe. With US rates falling so much and Europe most likely coming to an agreement about debt, as well as the potential of the Dollar cycle having turned (we have seen several off them through the last 50 years)... the Euro might be on the verge of a massive break out. That would happen above 1.185 based on my analysis. For now there is room for more upside but I'd be cautious. As for the USD it is clear that it has broken many major MAs like the 200 WMA and several horizontal and diagonal support levels. EURUSD could stay around 1.15-1.167 before having its next leg up.
-US indices have gotten really high and both had some interesting SFPs. The one on NDX happened before the one on SPX. With Tesla getting into the SPX with such a high valuation definitely played an interesting role in the way the market reacted (it was like a buy the rumour sell the news). I can see the SPX having some more room to the downside although its trend is clearly up and it is near support. The NDX is at a strong support combo of its 10+ year log channel, a current diagonal and a horizontal. I could also see the NDX go to 10150, but for me to be really bullish I'd have to see it climb above 10500 pretty quickly. My opinion is that we are at the beginning of a massive bubble where the NDX will hit 19k. This goes well with the dollar being weak and a massive risk on sentiment. Of course this could be extremely wrong and this scenario would be invalidated if we close below 10k. Pretty good R/R
-Gold is on a massive rally and is now near its ATHs vs the USD. It already was making new ATHs vs pretty much every other fiat currency out there so the USD is the last one left and it is pretty close. There might not be that much resistance here as the ATH was many years ago. Of course it could pull down to 1800 before pushing even further, but the consolidation in the 1650-1750 area was long enough and the breakout pretty strong. If it does pullback it is definitely an opportunity to buy the dip. Silver is on monster rally and has doubled since its March 2020 bottom. Silver has turned most resistance into support and has reclaimed other than 3, 2 of which have been since its massive breakout which led to a 20% rally in just a few days. Silver is getting out of its massive accumulation zone, which I'd dare to say it is textbook Wyckoff accumulation coupled with a perfect Wall St Cheat Sheet. The shakeout which took out its quadruple bottom and with a massive spring it started rallying hard. On the one side I am thinking that both are overextended and a pullback should come... However when I look at the USD, stocks etc, I am realising that the trend is super strong and everything is aligning together. Most people are in disbelief, most people are short most other assets and are long the USD. Copper also made a massive come back, but its chart and fundamentals are definitely not as good as Silver's. Low rates, the potential of negative rates and QE definitely benefit these asset. Those coupled with a weak dollar are the perfect storm for metals.
-Oil had a massive capitulation. Probably a double one depending on how you look at it and I believe it has bottomed for good. Right now it is even pushing above its massive gap, as it is slowly closing above the 41.5 level which has turned into support. With so many wells closing, with so many people being short oil and so on... it looks like there is even more juice to this move. China has been accumulating cheap oil, demand is coming back and the shakeout was too large to ignored. A massive capitulation to end an 11+ year beark market on Oil. Bull market end with catrastrophic rallies and bear markets end with insane capitulation. Both Oil and Copper are definitely affected by money printing when it comes to the state intervening and spending money for infrastructure. I think we have reached a point where the private sector, especially off small business is so bad that the State will start printing and spending. Based on several analysis I've seen, oil at 42$ is a pretty fair value... but it doesn't account for all the potential wars and crisis in Venezuela, Iraq, Syria, Libya and I dare to say Iran. So low oil production, bearish sentiments, money printing and potential wars will boost oil massively.
-Finally Bitcoin is definitely showing signs of strength after 2+ months of underperfomance. Up until early May Bitcoin was the best performing asset in the year 2020 and the one to recover the fastest after Gold. Before Covid it was up 46% on the year and then fell 64%. With the current massive on going alt season... A lot of that money will eventually flow back into Bitcoin. Digital money, digital payments, hard assets, high yielding assets and all that are definitely benefiting from the current Covid situation. Crypto assets had a massive bear market where they dropped 90%+ and then accumulated for quite a while. The whole process laster 2+ years and it was really brutal. Bitcoin had its halving 2+ months ago and it is in volatility compression period as the game is altcoins. Eventually the tables will turn and Bitcoin will have an incredible performance. I have no doubt in my mind that it will be the best performing asset in 2020.
Bitcoin towards the 14000.0 mark (BTCUSD) - AnalysisAfter the rejection from the 4000.0 area near the weekly critical zone, we saw a strong support breaking through the next weekly critical zone near 5500.0 and the daily critical near 8500.0.
Right now, the price is in a consolidation and pretty soon a strong move will happen. From a technical perspective our next goal will be the 10000.0 mark.
After it is reached most likely the sell pressure won’t be enough to resist, because this is the zone with the most breakout attempts for the past year. This will result for a move towards 12000.0 where we will finally see some power from the bear, since we are crossing over a weekly critical zone. They will push the price down to the 10000.0 where we will find support and a possible move towards the 14000.0 may take place.
Happy Trading!
BTCUSD Update: Profit=373800 SL=81600 Reward/Risk > 4.6 : 1Trade Setup summary:
Profit targets=373800 pip (24200 + 34100 + 43200 + 66900 + 85700 + 119700)
Stop Loss =81600 pip
Reward/Risk > 4.6 : 1
Current Status:
Total Profit: 70348 pip
Closed trade(s): 24500 pip Profit
Open trade(s): 45848 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 9285.0 touched at 2020.07.21 with 7300 pip Profit.
TP2 @ 9384.0 touched at 2020.07.21 with 17200 pip Profit.
7300 + 17200 = 24500
Open Profit:
Profit for one trade is 9326.62(current price) - 9212.00(open price) = 11462 pip
4 trade(s) still open, therefore total profit for open trade(s) is 11462 x 4 = 45848 pip
Break Even 0.658
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (9220.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 9285.00
TP2= @ 9384.00
TP3= @ 9475.00
TP4= @ 9712.00
TP5= @ 9900.00
TP6= @ 10240.0
SL= Break below S2
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BTCUSD Update: Profit=373800 SL=81600 Reward/Risk > 4.6 : 1Trade Setup summary:
Profit targets=373800 pip (24200 + 34100 + 43200 + 66900 + 85700 + 119700)
Stop Loss =81600 pip
Reward/Risk > 4.6 : 1
Current Status:
Total Profit: 70348 pip
Closed trade(s): 24500 pip Profit
Open trade(s): 45848 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 9285.0 touched at 2020.07.21 with 7300 pip Profit.
TP2 @ 9384.0 touched at 2020.07.21 with 17200 pip Profit.
7300 + 17200 = 24500
Open Profit:
Profit for one trade is 9326.62(current price) - 9212.00(open price) = 11462 pip
4 trade(s) still open, therefore total profit for open trade(s) is 11462 x 4 = 45848 pip
Break Even 0.658
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (9220.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 9285.00
TP2= @ 9384.00
TP3= @ 9475.00
TP4= @ 9712.00
TP5= @ 9900.00
TP6= @ 10240.0
SL= Break below S2
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Bitcoin scam may cause pump Bitcoin is still battling between $9000 and $10,000 without much clear direction. Following the unfortunate BTC scam on Twitter the crypto space has gained much publicity - whether this is good or bad for the space remains to be seen. In the meantime my bias remains bullish with a test of $9300, a breakout would further confirm this run, our next stop being $9550 and eventually $10,000 again. Our other scenario would be a push back down towards our trend line and the $8880 level.
Don't miss the great buy opportunity in BTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 9285.00
TP2= @ 9384.00
TP3= @ 9475.00
TP4= @ 9712.00
TP5= @ 9900.00
TP6= @ 10240.0
SL= Break below S2
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VET - Brilliant Run. Don't FOMO. Possible BUY ZONESWe all know that the fundamentals of Vechain is pretty solid, and remember you must always invest when no one is watching. I covered this asset on YouTube back in December as undervalued, it has obviously shot up a lot since then. Now everyone wants to be apart of it.
If you've done your research and you understand this asset wait for a better buying range that is safer.
Enjoy!
P/S Make sure you DCA.
Daily analysis XBT/USD 020 - the confirmationHi everyone,
We've seen low volatility lately, but this week we might have a change .
We are currently waiting for the confirmation triangle to have a result.
On the low side we have the first $7900-$8200 to watch out for
On the high side we have the $10500 level to break in order to start thinking bullish
More infos and analysis on our free channel : Sublime Traders Free
BTC/ U.S DOLLAR A CLOSE LOOK AT DAILY CHART...SPANISH/ESPAÑOL:
Conozcamos un poco como se comporta esta divisa a nivel diario! Vemos la clara lateralización acotada en el rectángulo. Se puede decir prácticamente que se encuentra claramente en definición. Si la proyección realizada por los canales es acertada, deberíamos obtener un movimiento un tanto alborotado en sentido alcista o bajista. Esto nos permite observar la clara incertidumbre de los inversores con respecto al BITCOIN. Un lugar donde no muchos se meterían, debido a que hay iguales oportunidades a la baja que al alza mirándolo desde la circunferencia que toca la base del canal. En caso de seguir recorriendo el canal ya pasaría de ser un consolidación a una alienación (pérdida de sentido) del precio por la falta de noticias que hagan explotar a la divisa (tanto positiva como negativamente). Buen fin de semana inversores...
ENGLISH/INGLÉS:
Let's know a little how this currency behaves on a daily basis! We see the clear lateralization bounded in the rectangle. You can practically say that it is clearly in definition. If the projection made by the channels is correct, we should obtain a somewhat disorderly movement in a bullish or bearish direction. This allows us to observe the clear uncertainty of investors regarding the BITCOIN. A place where not many would go, because there are equal opportunities both up and down looking at it from the circumference that touches the base of the channel. If the channel continues, it would go from being a consolidation to an alienation (loss of meaning) of the price due to the lack of news that would make the currency explode (both positively and negatively). Good weekend investors ...
Strong Sell on BTC/USDHello! How are you doing?
Ok, today I decided to see what is going on BTCUSD, and I saw this nice Triangle pattern so I just wanted to share it with you!
As you can see there is a Divergence here too, between the OBV and the chart, I marked it with Trend Line.
So there might be a great opportunity to enter a sell trade...
Wish you a good trade!
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- Mahdi On Forex
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BTC USD no bs assessmentBitcoin seems to be in another "decision time" moment and this could propel bitcoin towards a hard rejection towards $8k or another retest of $10,000. Either way, price-interaction with both these levels will dictate what btc does from there. I don't see $10,000 holding as resistance again if btc revisits this area. In the same sense, I do not see $8,000 holding as support either for a variety of reasons. This is a make it or break it for the bulls. Neutral but prepared for both scenarios. If btc breaks bearish, it's just delaying the inevitable.
I lay out the entire idea in more detail in the newsletter. Check out the site and subscribe - it's free.
Nothing I say here or anywhere is financial advice. Take care of your money.