BTCUSD | FUTURES TRADING - Intraday Levels S4 (+$2000)Hey Traders,
we've an Intraday setup which is bullish on BTCUSD so Forex/FUTUREs Traders can take an advantage with quick wave,
so, First let us understand how we plotted our Intraday Levels In accordance with our Stoploss and Target
1. L1 Purple Extension is plotted from all time High ($19900) to Recent.Lower low ($6000) - (0.382)
2. L2 Yellow Extension is plotted from H4 High - LOW - (0.786)
3. L3 White Extension from Recent Swing, (0.618)
All three extensions forms a derived area by emerging (0.382,0.786,0.618) as our Target and resistance area
Bullish sentiments - 200D. MA Crossover (Candle Type - H4)
Entry - CMP
TP - $11370
SL - $7720
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EDO/BTC TREND ANALYSIS AND PRICE FORECAST| FEB 9 |EDO/BTC broke out of a long down channel and made a high of 32k sats. After doing some correction, the price is moving up back again and we can see a short term break out which can continue the upside trend. RSI has turned bullish while MACD is also showing a bullish divergence.
TRADE SETUP
BUYING RANGE : 31K SATS AND BELOW
STOP LOSS : 27K SATS
TARGET : 36K, 42K SATS
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DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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PPT Downtrend overPPT downtrend looks like it is pending a breakout and has also formed a falling wedge, a very BULLISH pattern in crypto.
buying the breakout or local swing high, selling on the way up.
risk: low
stop loss set at hard support (lowest white horizontal line)
falling wedge (wikipedia)
The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
Vertcoin Drops, Breaking Ascending Triangle - 12-19-2017Ascending Triangle was broken last night with a big sell-off. Price declined sharply and found support at $8.61, a previous support level.
The Bollinger Band also provided support and price is not trading above the BB Midline, with another tag of the resistance level at $9.71 possible.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NXT is in an uptrend!NXT is in an uptrend. BITTREX:NXTUSD
Cryptocurrency is in an uptrend.
Breakout is likely to the upside.
Stellar/Bitcoin - Upside OpportunityHi traders, I hope you're all having a good start to your weekend.
Here I am analyzing Stellar/Bitcoin on the 1D chart.
Price recently had an impulse leg, and a small correction, and has now continued to the upside (See chart for details). I am expecting if that price breaks the resistance zone, that price will go to the highs.
There is a few scenarios for this trade and how it could play out. These are below:
Price corrects within the resistance zone (the zone it is in now) retests the downside side-wards support level at 0.0000056, and then rallies again creating the up move.
Price breaks the resistance without a correction. After breaking the resistance zone completely, then it corrects and retests the resistance zone as a new support zone before price moves to our target of 0.00001239.
Price stalls at resistance zone and price corrects and remains under the resistance level. We would be looking to other trades if this scenario occurs.
Bare in mind that price needs to either correct or break resistance zone before there is an active trade. With this in mind, do be sure to enter this trade only when one of the 2 scenarios has happened.
I will be updating this analysis below, so be sure to give a like & follow to keep up to date with my analysis.