Get started

Bounce

BTCUSD - 5 Waves then bounce?Anybody reading me knows I have been following this multi-year baby blue trend-line for quite some time. After the price broke above it last time it came back down to kiss it and then took off to all time highs. ($20K) My expectation is for something similar. As you can see in this chart there may be a 5 wave move down to the line on the 4 hour chart. If this holds, the RSI, MACD, Stochs, etc. should have pulled out of oversold enough to fuel the next bull run North. This is my current line of thinking but anything could happen. When I say hold I don't mean a spike low through the line only to quickly recover. If it is to fail we need see a couple daily closes below the trend. If that happens I will reevaluate to see if I have the line drawn as accurately as possible or assess that maybe something else is going on. Good luck this week!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
LONG ABOVE YESTERDAYS HOD30/May/2019 10:15 AM INCREDIBLY WEAK NAME HERE. LONG AS LONG AS ABOVE YESTERDAYS LOW. SMALL POSITION SIZE, TARGETING A V BOTTOM. ODDS OF SUCCESS ARE SLIM TO NONE GIVEN THE HISTORICAL WEAKNESS OF THIS NAME. NOT ACTUALLY TAKING THIS TRADE. BUT LOGGING THE IDEA. REALLY IS POOR RISK MGMT TO GO LONG SUCH A WEAK NAME AND SECTOR. BUT MOMO IS THERE WHEN THIS DOES SWING THE OTHER WAY, THUS THE INSPIRATION FOR THE IDEA. IDEA WOULD BE TO MANAGE ON THE 1 TO 4HR TIMEFRAME. -- MASSIVE VOLUME YESTERDAY. AND RECENTLY. SOMEONE IS GETTING INVOLVED OR IS OFF LOADING. 1 OF THE 2. IM NOT A VOLUME ANALYSIS EXPERT THOUGH.
ELong
by gumbtg
US30 SHORTPrice ranging in between liquidity zones give you clear areas for entries, as you can see price is on its way down to the green zone which is a strong area of liquidity, we can expect a fake move to the downside once price hits this zone which will pick up peoples sell orders right before price reverses and heads back to the upside. Look at charts from different perspectives, price always comes back to where it has always gone. Secure the bag and trail your stop loss because everyday is Moneyday! Follow me on instagram - Vellly Instagram - Learnitempire
OANDA:US30USDShort
by LitCap-Vell
Bitcoin counter bounce trade set-up clear on the WeeklyI was doing these kinds of trades in early 2018 before the coin market tanked. Works great in high volatility. Don't be scared to catch a falling knife with the right research and patience. 1- Find a level - multiple confluence of levels are best 2- Look for divergence for possible change in direction 3- Look for higher volume bars compared to recent preceding bars that were lower volume. Hit rate is high on these if you are not greedy. Balls of steel also needed to counter against heavy volume, but with the right location, you can grab from the market.
by EchoFoxSierra