DXY Previous idea invalidated. POSSIBLE RETRACEMENT SETUP.My previous DXY Setup invalidated since it broke below 0.618 fibonacci retracement levels. Will be looking for a bounce back up to 96.40 levels before heading back down. Could potentially see DXY head back down to 94.00 regions. That would mean that most major pairs such as EUR/USD, GBP/USD, AUD/USD could see potential long opportunities these weeks.
Always remember that structure takes precedence over fundamentals. Fundamentals coincide with structure.
Charting
Its Time to Start Thinking LONG on ETH/USDTHere's an easy setup for a 25%+ profit trade. If the market turns bullish look for a quick ETH/USDT rally to around ~$300 or so. Don't get greedy, take some profits at $300 and be happy. No one ever went broke taking profit. Look for confirmation in the form of the entire market moving up 5% or so in one or two daily candle sticks before getting in.
Disclaimer: This is not financial or trading advice.
Basic Technical Analysis 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Basic Technical Analysis
Interpreting the candlestick
This type of chart is an extension of the bar chart and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen that the vertical axis of the chart helps in providing information on the prices of the FOREX whereas the horizontal axis represents the time period. The green candles are the representation of the advances of the currency and the red candles, on the other hand, represents the decline in the value of the FOREX. Moreover, the body denotes the thick portion of the candle, and the vertical line represents the wick. This chart helps the investor to forecast the future price movement of the FOREX.
Charting systems
In the mind of a few people, charts are the exemplary image of the trader’s speciality. The experienced eye can make ups and down. Charting is a questionable piece of the fund. Future research is probably going to reveal things about outlining that would amaze people today. All things considered, even individuals who eagerly restrict the training are ought to be acquainted with the essential techniques of charting.
SUB Blastoff IncomiiiiingSome charts don't need explanation. SUB is one of them. It's a mega pumper waiting to happen. Obvious place to set a stop loss.
TRTC Primed for Breakout and Mega PumpPot stocks can pump like there's no tomorrow. TRTC never had its big pump. I hear fundamentals are good. Sitting at long term support with a fantastic r/r.
Monero shakeout then breakout?Positive market sentiment combined with bulletproofs. XMR been dancing at support. Whales accumulate. One last shakeout before an uptrend.
Weekly Analysis - NEO BTCHello guys I'm starting a weekly analysis on the top 10 marketcap cryptocurrencies, to stay updated and practice. Here is for NEOBTC.
NEO is looking like it is about to bottom out, so it might be a great buy opportunity for a swing trade.
However on the 4H chart we see a descending triangle which is a bearish sign.
Also for such a rally like in december 2017 to happen, I would like to see volume going up more than that.
So right now, I'd be patient untill we break out of this trangle, while keeping on eye on Volume.
That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it :p
Feel free to comment your opinion and thoughts !
-------------------------------------------------------------------------------------------------------------------------
My WebSite - Automated Strategies with Backtest and Alert Setup
Accepting commissions : TradingView pinescript development, reverse engineering
UHAL - AMERCO - Weekly - Long/Short Consolidation pattern forming on Uhaul, could go long or short. Wait for break to buy with volume increase. Pattern subject to morph.
Daily Chart on Times New Bank / TNBTC Another Ideas to keep an eye on is TNB, we are at all time lows for TNB/BTC via binance so we could see a bottom form. Still invest/trade at your own risk, I expect the coming months to be choppy but we should see a nice wave back up.
TNB Whitepaper - tnb.fund
coinmarketcap.com
tnb.fund
tnb.fund
" MiaoA International Timechain (M.I.T) is a precision time-value transmission network which enables the valuation of the time assets belonging to individuals and/or corporations. Utilizing the unique benefits derived from Blockchain technology and digital identity, the network can achieve the automated management of digitized time assets through the use of smart contracts. To facilitate this innovation, M.I.T has introduced TNB (a.k.a. Time New Bank) as the sole settlement token for transmitting the value of time commodity. M.I.T vision is to establish a time-value transmission network which encompasses the key principles of decentralization, internationalization, transaction flexibility, pricing transparency, and strong protection of rights. "
Daily Chart on AppCoins / APPCBTC with Fibonacci RetracementsBuying and accumulating as advertising on apps / mobile games are a multi million if not billion dollar industry. AppCoins is targeting a great sector for the future and has a real world application. I'm expecting to see a steady growth into 2019-2020.
Plus APPC is an ERC-20 Token so you can HODL on MyEtherWallet.
By 2020, 4 billion people will have a smartphone.
The potential of the app economy is larger than ever, yet it still presents three main challenges:
The inefficiency of mobile advertising. There are several intermediaries between the
developer and the user, reducing transparency and the potential return for developers.
The inaccessibility of In-App Purchases. Today, only 5% of smartphone users are making
in-app pu rchases and payment intermediaries increase overall costs.
The App Approval process is not transparent. It is still difficult to confirm the identity of the
developers and there is no universal approach used by App Stores.
The solution: a blockchain protocol for the app economy!
As a cryptocurrency, the AppCoin token will benefit all stakeholders of the app economy:
appcoins.io
coinmarketcap.com
The Next Price Action Of Bitcoin - Check My ChartsThis is the way markets move, If you question my charting check my previous posts. Its as simple as pie. We are going down, How long and how far is too soon to say. Here is a chart that we can understand the future price action and where to buy back. Before you guys start blasting my comment section with the time and how it may not be right thats correct. I am not calculating the time I'm just making a technical drawing of the directions that we will see in the next few months.
Recent price action has clear signs of wash trading / market manipulation fud and lots of nonsense. Its hard to prove almost impossible so as a trader we just need to deal with it. Ideally the situation you are supposed to trade are critical break up and break down points to enter the trade. Dont enter or exit dumb trades and lose money. As an experienced trader you should be looking for shorts, I would not consider a long unless we are over $10-12k
Happy Trading
Heres a few wise words from your boy CryptAlpha
Dont Risk What You Cant Lose
To Be A Good Trader You Need To Be Good At Losing
Patience, And Discipline Makes Money. Fighting The Market Does Not.
And Last But Not Least, In order to be a good trader you need to survive to trade another day.
Lets get my charts shared and liked so that we can get me on the front page. :)
Thank you!
Potential for Almost 800 Pips on the GBPUSDHere on the GBPUSD there is a potential long setup for close to 800 pips of profit. If we see price break down impulsively idea will most likely be invalidated. Price action on the daily timeframe is supporting this trade idea. Trade with caution and good luck.
Indepth charting mixed with ema'sI drew up the trendlines , added 2 emas! When a candle breaks and CLOSES through a line, you can scalp to the next line you see on the chart and if it continues to break the next line hold your position! But if it doesn't break the next line and turns around then close your position.
Day of Reckoning for BTCUSDCount the indicators:
1. Price action about to bounce off of downward channel line. Oy.
2. 200MA rejected two dailies attempting to reclaim the line.
3. BB Bands showing low velocity, bear expectation.
4. EMA 12/26 not showing the kind of separation one might expect in a bull market.
The longer this downward trend continues, the more that price action is going to need to show multiple/extra bull signals to confirm a reversal. One or two bull days, especially less than convincing ones (see: 200MA rejecting price, etc) isn't enough to pull BTC out of a near 5 month downward trend.
8000USD range is next legit support, followed by 6900 range.
BTC Looks to Beat BearsJust a quick one, more for my records than anything else.
BTC 3.75% pushing up past trend resistance again today. Basically, to me, the following needs to happen for the bulls to run (finally) with some conviction.
1. BTC 3.75% has to push through the trend with volume - multiple D candles with high volume, no tall wicks, and consistent upward trends day to day - however small.
2. BTC 3.75% has to overtake the 200 day MA.
3. These moves probably have to happen before May 1 2018.
4. The price is going to have to retest the trend line as a support level and succeed with conviction - probably before May 4 or 5 2018.
I'm willing to say at this point that if there isn't a move that covers all these bases, the bottom will fall out of this for a longer term bear trend. I'm not talking 8200 either, I'm talking like 5800 and even 4000. Buckle 0.68% up.
*Edited the trendline - it's early, what can I say?