Is XRP in a bull run..!!?I’m not going to freak out on this yet.. but are we on a bullrun !?
As you can see there we are in a uptrend line support giving a nice bounce up..if 0.38300 area stays intact strong for the bulls then we are officially in a bullrun.
BUT in order the bulls to stay in strong control is to break that resistance trendline. So here me out our first target goal is 0.70 then 0.85 area.. until that zone breaks then we are in the point for the bulls to go hard aggressively to break out.
2nd target is 1.00 area then 3rd is longterm 1.60.. is where we should expect the skyrocket to happen.
The all time high target is off the charts is approximately should expect to hit over 100$.
Hope y’all bought XRP and good luck y’all
Let me know your opinion in the comments let’s see it and is XRP is really in a bull run
Bullsetup
BNT bullish divergence cooking up could see a massive rally in BNT , markets are very risky right now in my opinion so don't trade with leverage. im holding a BNT bag for now and selling on the resistances highlighted gradually.
Bottom hit, bulls reverseGBPCHF hit a big fall but this seem different this time.
A reversal 1.01930 area made a nice looking dip reversals and the recovery went crazy.
Bollinger bands went Cross up from 1HR-1M
THE Reversal is legit bullish.. we could expect a breakout
Once that small gap of downtrend line breaks with a resistance will become a strong support once the bulls breaks it.
GBPCHF bear is almost over need at last 2 or 3 push up with a nice huge green candle that when the bulls takes over.
2nd Resistance should expect a short pullback to create a bullish flag to keep going up , after 2nd resistance being playing around and break slowly then now from there a bullish marathon or bullrun you can say.
Most importantly we do NOT DO NOT.. need that bullish dip reversal candle to breakdown once that happen then we will head back to yearly low to form a double bottom.
I am very very bullish since that reversal bulls hit we are now should be recovering hard like very hard.
Long Position On BTCAfter a bullish Pin Bar Candle on daily time frame yesterday, price action seems to be testing the support at $18662. if this were to happen traders may look for a long position at this level as reversal opportunity may come true. Plus, since target rate probabilities are expecting to be at 84% around 75bps to 100bps, traders may already priced this factor in the asset, giving more potential for bullish momentum.
ENTRY PRICE: $18662
1^TARGET PRICE: $19529
2^TARGET PRICE: $20818
3^TARGET PRICE: $21404
$LOOKS - Attracted me towards itHello my Fellow TraderZ,
Well, going through the charts and $LOOKS caught me. Price beautifully broke the 4HTF TrendLine,also Inverted Head & Shoulders pattern is playing , and retest in progress.
I'm expecting this LONG setup to continue its play and hit the TP1- $0.32 , TP2 - $0.36.
HAPPY TRADING TraderZ , CHEERS
Don't underestimate the bulls - SPX higher firstWe are in a bear market, and the upwards corrections are often very aggressive. We have seen massive up move from 3750ish towards 4100, showing exactly that.
We see market taking a breath now, but earlier SPX broke out of the falling channel and - as indicated by the green boxes - buyers are in control and they aren't tired yet.
RSI is clearly trending up but not in the strong overbought area yet.
Looking at the chart we can see the falling trendline coinciding nicely with the 200 daily SMA, which is a perfect target where bulls might show exhausted, we reach overbought RSI, and hit double resistance(sma and trendline). This is also close to the 0.618 fib level.
I am definitely bearish in the longer term but I am convinced we will push a bit higher up before we go down. The fact that we have horizontal resistances around 4150 from the highs end may/ early june, is just not enough to sell now.
We are at levels where I would not per se buy, but it's definitely NOT the area to sell.
Slaughter GateHere’s an idea... introduce a weird currency as a solution to a crises, introduce a triple leveraged etf... run em both to the sky for 13 years in correlation with the market such that the triple leveraged ETF warrants a stock split. Then slaughter said ETF such that if goes much lower it runs the risk of 0. Sleep well at night knowing 0 is impossible because the etf on which the triple leveraged ETF is based isn’t remotely close to 0, and smile in your sleep knowing that the short float is becoming more and more dangerous because of FOMC.... then run said ETF to triple digits along with the weird currency because FOMO.
A SILENT BUILD WITH TRADE MANAGEMENT USING #DGHere I decided to quietly markup up the run Dollar General went on from Feb-Apr. I used the Daily Chart & this is purely form a Swing Trading perspective.
It was indeed beautiful. I actually was releasing a webinar in March and I included an options play on Dollar General when it was at 199. I signaled 207-220 calls, with overall upside potential to 240.
Dollar General over the next month or so, made a new ATH of 262!
A 32% increase in share price form the time I mentioned the trade.
If held, a lot of traders would have made well over 5 figures with this one swing trade alone.
#DG was in a downtrend from Jan-Feb before buyers stepped up. This video simply shows how to spot the trend reversal and use the prior "Bull Traps" and "Parabolic/Climatic" selloffs as your price targets on the way back up.
Trends whether up or down will ALWAYS show its hand before reversing. Your job as a trader is to spot that "tell tell sign".
If anyone needs help tweaking their trading systems, feel free to reach out. I have "Flash Courses" and I also offer strategy sessions.
UsdCad Bullish over oil- Daily >> Price tested and was rejected off 1.25010 support area.. Stochastics over sold and getting ready to rise
- 4 Hour >> After being oversold and testing the support line for a time price, price pushed up above the most recent lower high. Bouncing off the 55MA to retrace a bit
- 1 hour >> Big bullish impulse breaking the descending trend-line...Triple MAs crossing for bulls (only the 13 & 21 so far) but bearish momentum is slowing..
- 30 min >> Triple Moving averages fully crossed and price ranging a bit inside MAs... Stochs almost oversold
- 15 min >> Price is above the 15min 200MA andis currently resting on it.
-Overall >> Price is currently making a double bottom on the 15min but has room to go down further. Will wait to see if double bottom is valid b4 taking a position. But potentially a good buy entry due to price resting on the 15min 200ma and ranging within the support area. Will wait for the current 4 hour candle to finish before placing a trade. Looking towards 2 targets, 1st target is the most recent high on the 1 hour chart (1.25898), 2nd target is just below next area of support just below the 4hr 200MA (1.26645)
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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Silver - An opportunity of a lifetime? Hello All,
If you saw my last post about the bullish potential of Gold then Silver should pique your interest. Silver has not had a new All-time high since 1980 / 2011. Gold and Silver have a tendency to move together and act in tandem. Silver also has many use cases for technology that I will not get into here but a simple Google search can reveal that.
A large break out in Gold could push Silver much high and offer a larger percent return to the holder if this plays out. It would be good to keep your eye on these key levels over the next few months/years. This could be an opportunity of a lifetime.
This is a play that would require much patience but the time may be coming near.
Hold till price hits support in H1The daily support level is just below the current price level so you can either wait till price gets there or you can open your buy positions at this current price level, whichever you choose to do, it's still a win-win scenerio !.
Use proper risk management because at the moment, strong fundamentals support a buy so all we are waiting for now are the next actions price will take.
Bitcoin Trade Setup - Incoming Big Move!Hello,
Bitcoin has formed a triangle pattern which is perfect for trading. We are still following our last Bitcoin post for the larger swing trade move. However, as Bitcoin closes in on the apex of the triangle we are presented with another opportunity.
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Long Play: We are looking for a strong candle to break out and close above the resistance line. We will then target (~46K). It would be wise to keep some positions open as a break from this level would push us towards 52K as per our last post.
Short Play: We are looking for a strong candle to break down and close below the support line. We will then target 40K support. A break from this zone will give us a test of the falling wedge support level.
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The overall trend is down but Bitcoin is still in a falling wedge pattern that could lead to a big break out to the upside. Predictions here are 50/50 it is best to wait for the market to show us the next move and then enter for the trade.
Crypto Portfolio Allocation - IMPORTANT!Hello All,
Here we will focus on the Bitcoin Dominance chart. As you can see we are at a critical moment. As this price structure forms it can help us view the best way to allocate our crypto portfolio: Altcoin vs Bitcoin heavy.
If the price breaks down from this structure and breaks the final support zone we could see a massive altcoin season. With a break of these support levels, I would allocate more money into Alt-Coins rather than Bitcoin.
On the reverse side if the price action breaks to the upside then we can see money drain from altcoins and flow back into Bitcoin. This would mean more of your portfolio should be into Bitcoin.
Bitcoin - Bullish Scenario! Huge Opportunity!Hello All!
Here we can see the bullish scenario for the Bitcoin price. Looking at past history we can see the falling wedge is a powerful formation for the Bitcoin price which can lead to a huge rise in the price. We can also see a small bullish divergence that has acted before as a start in a bullish run at the bottom of the falling wedge. For Traders, it is best to wait for a break in our resistance zone before initiating long positions. As for investors now would not be a good time to sell as we have not broker structure yet.
To view the bearish scenario and how to trade it view our previous post. Also, view our post on how to catch the top and bottom of the Bitcoin price to help you master swing trading the bitcoin price action.
Bullish Move to $400About 2 weeks ago we got some strong bullish momentumfrom $200 to $290-$300 area, after months of consolidating/ranging. Once that momentum died we came back to retest $200 and it seems to be holding as a strong Support and price has yet to break lower. My projections is that bulls step back in and get us across to our all time high of $400.
Bitcoin one more PUSH higher? HISTORY!Here is another view of the current price action of Bitcoin.
Looking historically is a great way to look for future trends. We can see that during price consolidation in the falling wedge bullish pattern leads to higher prices.
View the last two posts for further details.
Our strategies consist of short-term scalping while viewing the overall trend for price direction. This allows for a tight stop loss, taking profit early, and utilizing a trailing stop. This also tends to help keep accounts safer as predictions are never 100% and being caught in the wrong direction with no stop loss is never a position you want to be in.
USDCHF: BUYBased off of our analysis from higher time frames down to the H4 time frame on USDCHF, we can see a clear opportunity for bulls to enter once market opens next week right at the 38.2 level of the fibonacci drawn here. Expect to hold this trade and take profit appropriately at 161.8 level. Also taking a look at the RSI indicator and seeing that we're still closer to the buy zone heading up towards the 50% level.
POSSIBLE LONG POSITION ON EURUSDIf the highlighted area hold we can expect buying pressure to set in after the breakout, consolidation, of the falling wedge formation. However if it breaks below we can expect retest and the bears to take over. Will update as time goes on, stay tuned!
Good Luck.
God Bless!