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VET ContinuationVET/USD Bullish Case - Seem to have found Support at approx. the $0.118 area which is previous resistance, now turned support. and range for a while. - Bouncing between $0.118-0.157, once we break $0.157, we should be heading towards $0.2211 - Bounce from Daily 200MA - MACD/Signal and Histogram Reversing - MACD Bullish Divergence between 28 Sep to 23rd Nov - RSI low - VPVR shows a lot of support in the $0.113 area. - 1-1 Micro Fib extension shows Resistance at $0.22 Macro 0.618 Fib extension. Bearish Case - Strong Support at $0.092 level shown by the Volume Profile - Still further touching the bottom of the Bollinger Band, can also go lower stretching the band.
Long
by CryptoFallen
#BTCUSDT 2H Chart update Perfect analysis once again. Price tested perfectly the 4h demand zone and bounced from there to a new ATH. MACD lines are preparing to cross and become bullish, RSI is bought and EMA ribbon is working as support with nice bullish volume as well. Price left a freshly printed 2h demand zone at around 67.15k which price will most probably be testing before moving up again to a new ATH. If broken, we would be looking forward for price's reaction on the second demand at around 62.2k.
by saviour25
ETHEREUM (ETHUSDT) DAILY LONG&SHORY TRADE SETUPS 2020/12/30MARKET OVERVIEW Price Action: After reaching a high of $748, price retraced to the 200MAs @~$700 (where we took a long), and is now back up consolidating near the highs, giving us a bull bias. Chart Patterns: We have an ascending triangle pattern, which typically breaks to the upside, giving us a bull bias. Areas of Interest: The area(s) of interest for us is the highs of $748. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP Yesterday we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC. TRADE SETUPS Below are two potential trade setups. Given the bullish bias, the most likely scenario is "Long Trade Setup #1: Breakout and Continuation", but regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 with force, creating space between the price and the $748 level, falls back down to $748 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $748 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $748 and then rapidly falls below $748, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $748) followed by a breakdown candlestick (candle close below $748) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME! DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Sorry for the late post today, had to go to the hospital. Thanks for your support. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks. UPDATES: Going forward, I will be adding chart patterns and previous trades onto the the chart. Let me know if there are other things you guys want me to lay out on the charts.
by cryptotraderog
2
Is Bitcoin going to break this Bull Flag / Descending Triangle??It appears as though Bitcoin Is getting ready to go parabolic over the weekend & touch the top of this Descending Triangle, or potentially try to break this Bull Flag & put in a higher low. Only problem I have, the volume etc are declining, so I'm not overly bullish. It's hard to look for bullish patterns in a short term bear trend that potentially started roughly late June this year, egh. Time will tell per usual.
BITFINEX:BTCUSDLong
by ScotianBot
2
Komodo (KMD) Inverse H&S 1D, buying on pullback! Upto 70% gainBINANCE:KMDBTC BITTREX:KMDBTC KMD finally seems to have found a bottom and formed a beautiful Inverse H&S. RSI and MACD confirm the expectation of upwards move, both holding on the positive side and with a strong uptrend formed. At the break of the Inverse H&S there was a large candle accompanied by a large volume confirming the strength of the movement. 20MA crossed up over 200MA and now both are pointed up. Ichimoku is in a green cloud, Chikou is above the current price and Tenkan crossed up from Kijun. I am making the first buy right now in the pullback and for protection of the position I will leave another buy order below. In the next comment I will send the complete instructions for this call. If you can please help me by hitting LIKE, GOD BLESS!
Long
by LiuTrader
$ZEC, Historical Lows + Coinbase News = Great Risk::Reward Weekly Looking at our trend timeframe we see price is currently looking to form a double inside our 0.25 support zone. Stochastic RSI showing momentum still has some room towards the downside, price is pretty close to ZEC/BTC historical lows. On July 13 Coinbase announced ZEC was a candidate to be added to their exchange in the near future. FOMO is in in the air… Daily Shifting over to our pattern timeframe we see price broke out of its bearish parallel channel with the coinable news. Stochastic RSI showning momentum has temporarily peaked and we should be seeing a small correction and ZEC retrace towards 0.26 bouncing off our channel. 4Hour Finally looking over at our trigger timeframe we see price has recently formed a double top at 0.28 and we should expect price to fall back towards our breakout zone for a retest of support. Stochastic RSI showing momentum in favor of bears. A 4hour close above 0.28 activates our trade, otherwise wait for a drop towards 0.26
Long
by UnknownUnicorn2434649
$BTC, We're Almost There... Monthly Looking at our trend timeframe we no signs of our downtrend slowing down, stochastic rsi also showing momentum radically heading towards the downside. Last month we saw price come as low as $5,750, only to retrace and close above our support. Almost midway through July and price is now looking to retest our June low. Expecting BTC to wick fill last month’s candle and continue selling off towards $3,000, but first making a pit stop at $5,000. Weekly Shifting over to our pattern timeframe we see price respecting our bearish parallel channel, and now looking to forma lower low. Expecting price to break below our $6,000 zone, and form a lower low near the $5,000 support zone. Ideal entry is as close as possible to $3,000, will start to scale in once $5,000 is broke, a break through our channel towards the upside also activates our trade.
COINBASE:BTCUSDLong
by UnknownUnicorn2434649
$XLM, Disaster Or Moon… Daily Looking at our trigger timeframe we see Lumens is currently testing a critical support level at 3000. Stochastic RSI showing momentum is looking to set a higher low, a close below 3000 indicates a drop to 1500. However if price decided to close above 3100 we should see a run towards the upside. 4Hour Shifting over to our pattern timeframe we see price currently stuck in a minor descending wedge, as we broke out of our major wedge. A 4hour close above 3100 and we should see XLM take off towards the upside, however if we fail to break above our wedge expect price to make a radical sell off.
Long
by UnknownUnicorn2434649