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Channelbreak

LTCUSD (Litecoin) 2 Areas Where I Will Be Looking To BuyLitecoin's Bigger picture is at a fairly low price, the market recently broke out of its down channel showing signs for a bull move, now the market already went up and toke out some highs, Im not planning to just jump in now out of FOMO, if Litecoin shoots up now I miss the move and I go look for some other things to trade, if the market comes back down creating a crown or even if the market goes up a little more and then comes back down to the areas marked in the picture which will also be a crown formation I will look to get in going long. If you have any questions please ask, if you have difficulties understanding what a crown is or you don't understand this chart, feel free to massage me. Great Day!!!
COINBASE:LTCUSDLong
by ElyaStein
Cup & Handle Confirms. Daily Golden Cross Expected to Follow.Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods EMASAR: Buy $8,158 50 & 200 EMA’s 15m: Bullish 1h: Bullish 4h: Bullish D: Very close to getting a golden cross after pulling back and into the 200 EMA: 4 & 9 EMA’s W: Patterns Cup and Handle is confirmed. Target is $11,675 (pictured above) Bear channel is broken: Button Bottom: Bull Flag with $10,550 target: Horizontals Trendlines Daily: 1h: Futures Curve Contango with 3.76% spread Funding Rates Longs pay short 0.0238% TD Sequential 4h green 2 Daily green 3 Weekly green 4 Ichimoku Cloud Have recently reentered weekly cloud Daily C Clamp is a cause for concern Conclusion: The Bitcoin chart is starting to look quite bullish if you ask me. We have been reclaiming some major levels and confirming some major patterns. The Wyckoff is playing out very nicely. It seems we are finishing the final stages of markup from that pattern while confirmed some new ones. Featured is the cup and handle and she is a beaut. As we were recently pulling back I was holding my breath that the 200 D EMA would hold as support. That put us in an excellent position to get a daily golden cross and it also established the handle of this bullish pattern. That support from the 200 D EMA also appears to have been enough to breakthrough the 6 month bear channel. This post is marked long because a couple bullish patterns recently confirmed and I do believe that we will reach the targets. That being said I am not buying this level, at least not right now. This is a major area of resistance and I do not like entering when price retests resistance on the way up. Instead I prefer buying when price retests that level for support. I am looking to add even though I am still holding onto 100% of the long position that I established at $7,950. My stop loss is now in break even territory which means I can establish more exposure without risking more than the original 2% of my bankroll. If price does retest the $10,000 level in the next week then I will definitely be setting my sights on buying a pullback to $9,400. If you are asking why I don’t buy that price right now then read this again. The TD Sequential is in a healthy position and that leads me to believe that the most likely outcome by this time next week is reexploring the five figure threshold. PS: The halving is only 104 days away : )
BITSTAMP:BTCUSDLong
by Sawcruhteez
5
Bitcoin, 3 possibilities.Well the inverse head & shoulders has played out perfectly. My entry at $6,860, and then stop-loss at $7,795 netted me a 13% gain in 5-days. So now where?! Option #1 - We surge, today (tomorrow at the latest), to $9,000+, break out of the 6-month downward channel and go on a new bull rally. Option #2 - We break down to somewhere between $7,000-$7,700 and hold there and wait for rebound out of 6-month channel, sending us into bully rally. Option #3 - We plunge below $7,000 and head probably into sub $6K range, with my target near $5,800. I got stopped out at $7,795, but then got pulled back in @ $7,870 due to the bullish engulfing candle on the 15 min chart. I may be over-trading this play, but I want to keep profits but also don't want to miss a rally above $8,000. Time will tell. The "options" are in the order that I see most probable. Reminder, don't trade emotions, trade the charts and your strategy.
BITFINEX:BTCUSDLong
by GunMoney
Inverted H&S formed, probable channel shift, $8K comingSo the inverted head and shoulders I was looking for since Dec 23rd is so far playing out perfectly, albeit I predicted the pattern to take a few days longer to form. We bounced exactly off the trend-line support at $6,860 (on Coinbase Pro), a trend-line that has held for 5 years and immediately formed a bullish engulfing candle which closed to show some solidarity. My entry at $6,860 was about as perfect as it gets and now I am enjoying a nice buffer. As soon as we break $7,500 (assuming we do) then $8K should be an easy next stop, however we will run into trend-line resistance and probably see a short sell-off at $8K. Assuming it holds above $7,500-$7,700, another bounce would put us above trend-line resistance, break us out of the 7-month downward channel, and in my opinion, lead us into another bull run where we take $10,000 (maybe for good). As of right now it looks like we're leaving behind the 7-month downward channel and moving up the 5-year long-term support line. So far so good, but always must keep in mind the market can tank for nearly no reason at the drop of a dime. I have stops set at $7,000 just in case, I won't lose money, won't make much either, but given the pattern forming I think I'll be pushing my stops up here very soon. Sideways movement for more than 48 hours I'm getting on edge and probably looking to sell.....
BITFINEX:BTCUSDLong
by GunMoney
Long-term channel breakout1)The market has been steadily holding above the upper band of the longterm downtrend channel that started in March 2019(black lines). Until recently the price had been consolidating since 20th of November and finally intends to climb up in a quite decisive manner as you can see today (12/2/2019) - these signs hint on a strong potential of the main trend reversal. Besides, the evidence that supports the major trend reversal is the apparent rebound from the area of long-term support (marked as a grey area 0.8253-0.8320). Overall, the current trend reversal (the trend has started in March 2019) may be perceived as a correction of a bigger megatrend that's begun in November 2016. My modest target would be 0.8700, (0.382-0.5 fib level of the last downtrend since April 2019.) or the price might extend to the upper band of the mega downtrend - 0.9000. 2)We can see that the market successfully tested the support "B" (Nov 14-19) and the newly formed support "A" (Nov 21-29) outside of the down-channel forming numerous spinning top candle patterns and finally giving up on any downward attempts and skyrocketing followed by the enormous white candle 12/2/2019. In case of the opening any news positions at the moment, the reasonable point of bailing out from the position would be below 0.8500. You might wait for a pullback to get in or consider jumping on during the current momentum if you don't believe there would ever be any pullback and you're ready to sacrifice your risk/reward ratio for this trade. 3)The recent positive economic data from China - Caixin Manufacturing PMI (51.8 vs 51.7 prev.) might give a boost to NZD. The uncertainty around US&China trade relationship as the most recent trade deal was "stalled" due to Hong Kong enactment doesn't support North America's second-biggest economy as well.
Long
by Cherry94
BTCUSD 1D DESCENDING CHANNELDescending Channel is a form of a Range chart pattern. Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
COINBASE:BTCUSD
by Tradingstrategyguides
Microsoft channel break AnalysisFundamental / Technical / News analysis Microsoft earnings were positive. But they were not enough to break this channel since June 10th. Today we gapped above resistance, breaking the channel. This was caused due to Microsoft winning the JEDI contract from the US government; who beat Amazon, Oracle and IBM cloud platforms. Revenue from the JEDI contract is estimated at $10 billion over 10 years. The value of the contract isn't significant to Microsoft market cap of $1 trillion (1%), specially as it will take a decade to get. However, Microsoft earnings gave Azure (cloud service) a lot of importance. Beating its competition in this area, will boost sentiment. After all... we did break resistance on this specific news! Price talks more than anything.
NASDAQ:MSFTLong
by dorfmanmaster
EURUSD-Weekly Market Analysis-Oct19,Wk3A bearish shark setup out of the downtrend channel poses a treat to this shorting trade. Traders who had engaged the trade and shorted the market like myself chill. I will follow my trade plan the only thing that is different is that I will be alert when the market hit the 1st target and I might gear up for 5-0 pattern trading opportunity to buy. Will have to see how the candle forms up at the 5-0 region. If market bash through of the 5-0 Pattern Zone, I'll then wait for my second target.
Long
by RaynLim
USD/CHF ShortHello Everyone, This is my first Analysis being published. This is what I analyse from my point of view. The currency is FX:USDCHF Weekly timeframe: In the weekly timeframe I noticed a triangle ascending pattern. I'm predicting that this triangle ascending pattern will become a continuation pattern. Also the 200 Moving Average is showing resistance to the candlesticks. Daily timeframe: As for the daily timeframe, I also noticed a triangle ascending pattern. Hourly timeframe: In the 4 hourly timeframe I noticed a bullish channel. But I noticed that the pattern starts to break, and so I do not think that the trend will continue. Minutes timeframe: In the 30 Minutes timeframe I noticed a bearish resistance line in the RSI. That's all I had seen from the chart, I hope my first Idea can help you. And please give feedback if I have a flaw in my analysis.
Short
by Hypebert