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XRPUSD - Forming Support and Possible Wedge-Breakout incoming ____________________________________________________________________________________________________________________________ Hello traders, investors and community. Lets have a look on the current situation going on with XRPUSD. We can see some good bullish signs at the 2-hour time-frame. ____________________________________________________________________________________________________________________________ XRPUSD shows us a good support level between 0.2 and 0.02 USD as it touched this level a second time now we can expect it as confirming a third time when toched again. There is also this huge descending wedge which you can see in my chart marked with the blue trend lines. If XRPUSD holds the current support level and forms some decent momentum we can expect a break-out of the wedge. The wedge break-out can be traded aggresively and moderat. An aggresive entry is immediate with stop-loss below the current lows, the moderate approach is to wait until the wedge confirmed. It is always a wise decision to wait until a pattern confirmed before entering a trade. In this manner i recommend the moderat approach here and wait until the wedge confirmed. ___________________________________________________________________________________________________________________________ Thanks for watching! Feel free to support my idea with a like and follow for more market insight! ____________________________________________________________________________________________________________________________
BITSTAMP:XRPUSDLong
by VincePrince
6
BITCOIN BULLS - Printing several bullish signs at key levels! __________________________________________________________________________________________________________________________________________________________________ Hello friends, traders, investors and community. Today I share some important information with you about bitcoins price movement in the last days! We are looking at the 4-hour chart and as bitcoin advanced to higher levels there are some solid bullish signs, building a recognizable foundation for further upward movement! Lets go! __________________________________________________________________________________________________________________________________________________________________ As you can see in my chart bitcoin just confirmed a major inverse head and shoulder bottom pattern, which formed the local bottom for us now. We just confirmed this important inverse head and shoulder formation as bitcoin is trading now in an upward triangle. There is a high probability that we will confirm the triangle with ongoing upward movement to higher levels as you can see marked in my chart with the black arrows. When looking on my chart you can see two major price levels which we are likely to touch, these also forming the two targets for the current trade opportunity. The first target is at 9450 USD and the second one at 10000. I will open a LONG position here with a trailing stop-loss at 8980. __________________________________________________________________________________________________________________________________________________________________ Friends! Feel free to support my project with your like and follow! "Success is not final; failure is not fatal: It is the courage to continue that counts." In this manner, have a good weekend everybody! All the best! ;) __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
21
Here is why Bitcoin will Confirm the Bull-Flag a Second Time! __________________________________________________________________________________________________________________________________________________________________ Hello dear friends and cryptocurrency enthusiasts, today I am looking at the daily bitcoin chart. This analysis will be my logical follow up to past observations. As I already published Ideas on the subject according to bitcoins price movement in the bull-flag and the break-out with confirmation of the bull-flag, which already happened. If you want to have a full overview according to the recent formation and price movement I strongly recommend that you check out the charts already published. __________________________________________________________________________________________________________________________________________________________________ This analysis is the logical follow up to the charts you can watch below: Where I called the real or fake bull-flag: Where I called the bull-flag confirmation and the higher high which developed: __________________________________________________________________________________________________________________________________________________________________ So now we can jump to the formation building up in recent days, as you can see in my chart bitcoin formed a higher high at 10470, exactly the are where I predicted the higher high in the recent analysis, now as expected we get some down movement which is quite strong but as you can see in my charts we have a healthy support are at the bull-flag upper line. The upper line of the bull-flag channel is not the only support we are facing in the structure, we have also good support at the 78.6 % fibonacci ratio and the support level of the recent up-trend. You can see it here: Support/Resistance: __________________________________________________________________________________________________________________________________________________________________ As bitcoin has great support in the are between 7300 and 7600 I see a high probability that we confirm this are as support in the futrue. After the confirmation we can expect some up- moves to higher levels. I will look for a good and decent LONG entry in the support area, for now a SHORT trade on the shorter time frame is possible but it would be wise until the bulls provided a decent pull-back. Now it is waiting time, I see a high probability that bitcoin confirms minimum a second time, as described in my chart, the big bullish bull-flag which theoretically already confirmed. __________________________________________________________________________________________________________________________________________________________________ Thank you my friends and crpyto currency enthusiasts! If you found this analysis profitfull feel free to subscribe my channel and give a like for more market insight! “In order to succeed, you first have to be willing to experience striving.” I stand for this quote in the name of my analysis! It is friday so have a nice weekend my friends! ;) __________________________________________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDLong
by VincePrince
15
Bullish consolidation pattern - needs confirmation!Apart from all the FUD these days in the crypto space on the daily timeframe the forming chart pattern could be identified as a broadening wedge pattern which is more likely to be resolved to the upside in this case. This demands of course that the current low is the final low in this pattern and therefor the 200 day SMA holds the price action (currently it looks like it does). So in the next days/week we could see a rebound at least to the upper line marking this broadening wedge. If the touch of the upper line of this wedge is happening BUT the BTC price doesn't manage to break out of this pattern we are more likely to make a next lower low before breaking out of this chart pattern.
BITSTAMP:BTCUSD
by p4917
1
Fundamental + Technical Analysis = 70% profitability Fundamental Analysis i will start out that there is a GDP q/q 1:30am PST 4:30 Est i believe that news will ultimately be bullish outcome for 6-14 hour Time of expiration of purchase which i will buy in nadex one ITM(in the money) and one OTM (out the money) binary trade: Here is why i think fundamental is expecting a bullish outcome on fxfactory the forecast is 0.0 PREV is 0.4% if you look data avg it doesn't dip beyond a 0.0 in the last 3 years so im not expecting something different than an outcome higher than 0.0 Technical Analysis so to start we had a break of structure where i highlighted with a ellipse purple and that is a significant point and i then drew my Fibonacci what i would like to see is a retest of the low at 61.8 or 38.2 again before reentering in on the trade with that being said as well we have the break of structure retesting as support: im writing this now as 430pm pst and i fell asleep the trade went into my direction and i believe would of easily been a winnable trade with the fundamentals aligning as well: indicators do show rsi divergence and the VC showing a exhaustion in sellers: Trades taken at 129.2 or 129.4 for otm: ITM would of been at 129.00
Long
by Helloandtrade
Fundamental + Technical = 70% w/l Fundamental Analysis: We have RBA Gov Lowe Speaks which more likely than not is hawkish for this pair so im expecting for a somewhat good push and while im writing this at 4pm pst it is pushing down now: however im expecting a push for the downside next 6-14 hours or staying negative percentage of gain in the aud/usd pair Technical analysis: we have a break of structure which i highlighted with a purple Ellipse and with that means new structure on the 1h however 4h is still providing a bullish bias so be careful on where you set your targets for this option i would say play it safe at either the .400 mark which is lime green or at the .200 mark with that being said fibonacci played nicely off the 78.6 which is a slow and moderate push Price reversal zone and we had confirmation with market structure with the rsi divergence and VC Showing seller exhaustion
Short
by Helloandtrade
1
EURUSD long or short (Support Resistance, Supply Demand)Hello Traders ! EURUSD is consolidating now a little bit. The question now is which direction can we expect EURUSD to go? We are currently at a weekly Support Line and at daily Supply Level. But we have no final confirmation yet for the direction. We need to wait for the market to see how it will move and to wait for a valid retest. If you ask me it would not surprise me if it will move to the upside but we will see. Do not act to overeager. Wait for confirmation. Watch Price Action, follow your trading plan and trade carefully friends. Let me know your view on EURUSD and what you think about my Analysis. Please leave a LIKE to support me if you like the Content I provide on Trading View Thank you and we will see next time - Darius.
Long
by DariusFxTrading
2
BTC: STILLLL in a downtrend, but taking stepsRevisiting and readjusting previous charts. So far we completed Step 1 and step 2. I've modified the falling in wedge into what looks like a decending channel now. We DID NOT accomplish step 3, which was hitting a higher high. It was close, but no cigar. Right now the 4 hr is also showing bearish divergence. We could very well be heading back down to mid channel resistance and the golden pocket. Lets think long term. If this scenario plays out, we could be building a pretty substantial inverted head and shoulders to give us the REAL momentum need. The target would establish a higher high from the last bull run and a reversal of the trend may occur.
BITMEX:BTCUSD.PShort
by infbp22
Be aware of this formation - It can bring bitcoin to 16600 USD! _______________________________________________________________________________________________________________________________________ Hello dear traders, investors, and community the cryptocurrency market is trading in exciting times right now as I showed already in recent analysis. In my last observations according to bitcoins price movement, I found some important indicators which when confirmed can shoot bitcoin to 16600. _______________________________________________________________________________________________________________________________________ Lets get right to the analysis which you see right now, we are looking at the daily chart and as you can see there is a massive inverted head and shoulder formation marked in green. We are just about to form the possible right shoulder the next days and weeks. _______________________________________________________________________________________________________________________________________ As bitcoin is facing resitance above at 10150 to 10300 I am expecting a correction when not a heavier down move to lower levels but dont panic, this down-move could confirm the right shoulder which is needed to confirm this massive big head and shoulder formation. _______________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________ The percentage amplitude shows the target will be 16600 when the inverted head and shoulder formation confirmed. _______________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________ We saw a smaller inverted head and shoulder formation on the local chart picture which already confirmed to the upside. The big inverted head and shoulder is looking similar to the small one. _______________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________ We need to watch for the price movement coming up the next days and weeks for a confirmation of the inverted head and shoulders formation shown in my analysis. A possible LONG opportunity is given at least when the formation confirmed. _______________________________________________________________________________________________________________________________________ Thanks, everybody who found this analysis useful, support with a like and follow for more market insight! ;) All the best and good trading profits my friends! _______________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
52
EURJPY long and short possibility (Supply Demand Analysis)Hello Traders ! We got 2 possibilities on EURJPY. We are currently at a nice Demand. From here the price could go to the Supply Zone or even to the second Supply Zone. But we also could see EURJPY going through the Demand Zone. Keep in mind that it is a daily Demand and we will need to see a daily close for the final Confirmation. Of course you can read on h4 or h1 Price Action. This can also be your final confirmation. If you have any questions write it down in the comment section below. Also let me know your view on EURJPY and what you think about my Analysis. Please leave a LIKE if you like the Content I provide on Trading View and to support me. Thank you and we will see next time - Darius.
by DariusFxTrading
2
XAUUD short Big Drop (Trend Line, Supply Demand)Hello Traders ! Nice Gold Setup. We have seen Gold broken the Trend Line. Now it is at the Retest and there is also a Supply Zone. I expect the price to drop till the next Demand/Support Level. Keep in mind to watch Price Action as always. Confirmations: 1) Trend Line break and retest 2) Supply Zone Let me now in the comment section below your view on XAUUSD and what you think about my Analysis. Please leave a Like Thank you and we will see next time - Darius.
OANDA:XAUUSDShort
by DariusFxTrading
6
BTC will test 10.300 USD soon?_BTCUSD_20200206After consolidation around MA200 and made zone 9,400-9,500 become support, BTC can test the zone 10,300 USD. At this price, also marked by Fibo 0.5 and BTC was denied in Oct, 2019 in a rally of nearly 3,000 USD so if BTC reclaims this area, it will confirm we have higher high in a uptrend phase from bottom zone between 6,400-6,800 USD. Let we see if we can hold the price at over 10,000 USD this time. In this case, 10,150-10,300 USD can become the support region, we can see BTC test the high 11,000-11,200 zone before having other actions. MACD and RSI on daily chart support we can go higher from now. From weekly chart, we can also see the signals that price can rise from MACD and RSI which we can expect 9,900 and 11,000-11,200 USD can become resistance in this increase. P/s: NIAH (Not investment advice here) ^^
BITSTAMP:BTCUSDLong
by Lucychan