Buy-trend
BTCUSD Buy Opportunity Hello, Everyone.
I see an area of interest for me to Buy BTCUSD.
BOS was broken on the daily and if you zoom in on the 4hr it will give you a clear entry for the week.
I will break down this trade as we get closer to entry.
Thank you !!
For anyone that's starting out and needs a second set of eyes on your charts please feel free to reach me on here.
US Oil LongResuming long position on oil. Setting up a buy limit order @70 with TP @75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility
www.cnbc.com
www.reuters.com
www.ft.com
Weekly:
Confidence: B (because of geopolitical risks involved)
EUR/USD long term ideaEUR/USD now still on uptrend. This consolidation since January close to finish and pair is semi-ready to move further up. In mid term and long term like 4h, 1d, 1w, we need to wait on touch weekly trend line and BUY or SELL if it break line and keep hold position till hit 1.234 at least. If it rebound we need to BUY and hold position till hit 1.25, and if it break and keep moving UP we will see 1.27, 1.30. In summer we can even hit 2014 maximum at 1.39. In sum: strong BUY in long term, best levels to buy is 1.22-1.23-1.24 especially of trend line breaking/rebounding and one more level is 1.255 wich prove uptrend moving to 1.27 and 1.30 till summer.
Second Leg Has Begun!Binance coin here I have been watching this coin consolidate now for 2 days and its ready for another Burst.
You can see it has broken formation, we know this is quite a quick moving coin but don't expect this move to happen in hours as it won't. The volume is in our favour to support the move.
Healthy profit on this trade and instructions to protect you, Orange line is your stop loss green Lines are your targets. With The stop loss go 1% below the orange line if possible.
Cash Is King!
CAD CPIIn the evening, we have the monthly CAD CPI data to be released.
There is a forecast for data to be released at 0.4%, from the previous of -0.4%.
The USDCAD has been climbing up, currently trying to break above 1.2720.
If CPI data is released to be 0.4% or better, we could see a strengthening of the USDCAD (but this would be a counter trend trade)
I’ll be looking if CPI data disappoints, resulting in a weaker CAD, giving the USDCAD a boost above 1.2700 towards 1.2900.
STRAT preparing to fly!STRATBTC has hit the trend line and depending on where today's candle closes and the price action, it will mostly go up to test the previous high.
EUR/USDI entered this trade at 1.19888 and I had in mind a target profit at (1.24180). This large bull stride was fuelled by both a falling dollar and also a lucrative trade setup I use constantly for consistent returns. Upon entry I saw large volume which gave me more confidence, ideally I'm looking for this position to result in more than 500 pips however I'm really happy and will probably ride this trend until I see signs of it going against me.
ENTRY: 1.9888
TP: 1.24180
VCash VS Bitcoin Strength VCash managed to break above the 200 Moving Average after finding the support at 3500 satoshi. At the same time price broke above the downtrend trendline, suggesting the beginning of the uptrend.
On a corrective wave down after the resistance breakout, price returned to test 4700 satoshi support, where the downtrend trendline was rejected, this time acting as a support. The trend seems to be changing from sideways to bullish and price could jump towards 14k satoshi resistance. At this price two Fibonacci are inline, the 172.2%, and 361.8% applied to the last corrective wave down. Break above the upside target should result in further growth. At this time only a break and close below the 35k satoshi support could invalidate bullish outlook.
FlorinCoin VS Bitcoin Growth PotentialAfter testing the low at the 505 satoshi, Floricoin started to move higher breaking above the downtrend trendline. At the same time price broke above the 200 Moving Average and reached 1900 satoshi, totaling a 280% gain over Bitcoin in just two weeks.
Clearly, Florincoin showing some strength, especially now, after rejecting the 200 Moving Average and the 23.6% Fibonacci support at $1090 satoshi. The uptrend could either be a short-lived or a long-term depending on how FLO/BTC will react to the first strong resistance at $2145 satoshi, which is 127.2% Fibonacci retracement level applied to the last corrective wave down. Break above that level should push Florincoin much higher, while if rejected, the consolidation could take place. Only a break below the 505 could invalidate bullish outlook.
IOTA did it again and bounced bullishly from my TL YEY!IOTA did it again and bounced bullishly from my TL YEY! What do you think, will it keep going up? My personal opinion, IOTA being an IOT based invention is a powerful technology and Tangle which people consider as next-gen blockchain is a powerful on its own, I personally think IOTA will continue up... its my only opinion, I am not an financial advisor.
How to trade IOTA? I am using the Binance Exchange which is one of the larger crypto exchanges with over 2 million users (per their statement).
You can use my partner link and get 50% OFF on all exchange fees for a complete, full month:
Binance.com Exchange Partner Link
StealthCoin VS Bitcoin Uptrend ContinuationStealthCoin found the support at 2k satoshi. This is a strong psychological round number and besides, it has acted as a support as well as resistance before. While XST/BTC price remains above that level a potential uptrend continuation could take place sending StealthCoin to new all-time highs.
The nearest resistance is seen at 127.2% Fibonacci retracement applied to the corrective wave from the already established all-time high, that is 11k satoshi. Next resistance is 14k satoshi that is 161.8% Fibonacci retracement.
Overall, the price of StealthCoin is very attractive especially for a medium-term and could bring investors a good chunk of profit.
Civic / Bitcoin Bottomed OutOn the 8th of December Civic bottomed out while clearly rejecting the 261.8% Fibonacci support level at 1500 satoshi. Higher highs and higher lows pattern started to emerge while CVC/BTC broke above the descending channel.
Now it seems that the trend is about to reverse, or at least there will be a strong corrective wave up. The resistance is seen at 5000, 5800 and 6700 satoshi which are Fibonacci retracement levels applied to the corrective wave after the descending channel breakout.
It Civic manages to break above 6700 satoshi resistance, it could mean that the trend, in fact, is reversing, while if any of the resistance levels will be rejected, a corrective wave down or a continuation of the downtrend could take place. At this point, only a break and daily close below the 1520 support could invalidate bullish outlook.