BNB/BTC (BINANCE COIN) Looks like it wants to go!First Chart! TA Newbie! Let your comments be friendly!
$BNB is looking juicy.
- RSI looks great, it has found support on 60 and its pointing up.
- BNB keeps on respecting the uptrend lines.
- Bullish Pennant shows that the bulls are about to go charging again.
Lets see how it all plays out.
Charted-With-Love
Coinshodler
Cryprocurrency
BitCoinCash at danger zone When it breaks resistance huge short Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for NEO now !
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What about my ' Cycle phenomenon' ? read here:
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
[BTC] Bitcoin crashing till at least 7323, completed double top!Sorry for the messy chart but this is urgent as it gonna start crashing HARD like DIAMONDS any time now..
There's two double tops on this chart. One big one consisting of the red triangle as first big top and the smaller purple double top as second big top.
The big double top hasn't been completed yet, BUT.. the smaller double top has been completed which means it will go to 8280, enough to complete the big top so expect a big dump!
RIPPLE Selling SetupThere is a potential selling opportunity here. The price going down last few hours, but if it goes up at resistance level (0.7051), this will create a selling setup. The price respected that level many times and it will more likely, it will do again. The new selling orders will be placed at that resistance level, that push the price down.
ETH/USDT - Buy OpportunityWhat's up traders,
Here we have ETH/USDT on the 4H chart.
ETH/USDT appears to be holding bull momentum despite the large down move across Cryptocurrency as a whole. In light of this, Ethereum is now a good buy opportunity as not only a safe haven for your capital, but a good potential upside move.
Price is picking up momentum to the upside. Price recently hit a bottom at 775 on the 17th January. Since then, price has been having successful higher lows, despite poor market conditions.
I am expecting Ethereum to pick up momentum after the bounce on the side-wards support zone at 1087 which was just hit earlier.
This trade could play out in 2 ways, I have outlined these below:
-Price finds support at the side-wards support level at 1087 (at current levels) and bounces to the highs with an impulse leg. If this happens, the upside target is 1370 which corresponds with all time highs.
-Price loses momentum inbetween the horizontal resistance at 1370 and the horizonal support at 927. If this happens, price may break the short term side-wards support line at 1087 for the downside retest. When this happens price then bounces on the lower horizontal support at 927 and then bounces to the upside to the upside target of 1370.
Bare in mind, the first scenario is strongly preferred to the second. If price hits the bottom horizontal support at 927, it is extremely unlikely it will reach the upside target of 1370 anytime soon. The first scenario offers a fantastic opportunity to not only long for profit, but also to hedge against losses in the markets.
I will updating this analysis if it receives above 40 likes.
USD/CHF - Sell OpportunityWhats up traders, I hope you all had a wonderful Christmas and are now refreshed for a fresh week of trading.
Here we have USD/CHF on the 4H chart.
USD/CHF has been in a gentle downside correction move after the strong upside rally that previously went up to 0.9960. Price has been having a gentle downside correction ever since, and I am expecting price to have a down move and a bounce soon.
After this correction finishes, there is a possibility of a bounce, which could be a good up move opportunity. Price is currently at a side-wards resistance level at 0.9890, and price has began to show reversal candlesticks . The candles could suggest a change of command from the bulls to the bears, and I believe the bears could potentially capture this move if the next few candles get the better of the bulls.
If price fails at the current side-wards resistance at 0.9890, price could move down to one of the support zones outlined on my chart.
If price begins a reversal at the current resistance , I am expecting a corrective down move to the structure target of 0.9830. If price breaks down and hits the second support zone on my chart, I am expecting price to move down to 0.9730.
For those of you who use indicators on their charts, there is also a compelling bearish divergence on the Stochastic indicator. This strongly supports the down move in my analysis.
I will be updating this analysis if it exceeds 30 likes.