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Cyrptotrader

ALGO/USDTALGO is currently holding a significant support level following a recent correction, showcasing potential for another upward move. Considering the favorable conditions, exploring a long position in this zone seems promising for a ride towards the next two red zone targets. As always, prioritize effective money management practices and incorporate a strategically placed stop loss. Identify your entry point thoughtfully and set a well-defined stop loss. Consider taking profits at the first target and, in the event of a strong closure above the initial target, reassess for a potential re-entry. Alternatively, adjusting your stop loss to safeguard your gains is a prudent strategy. Stay proactive and stay informed! #ALGO #TradingStrategies #Crypto
Long
by Seahawks_
Evening Update: Pattern is Clear, So is StrategyThis morning I posted "Today it looks like the SPX is poised to come down and tag 3712". It came down early a lot...but came just shy of 3712. That tells me we're going to ultimately visit that 3712 area. It's just not taking a direct route. Nonetheless, with all the downside movement in the ES and SPX SOL was not having it today. It wanted to go higher and now we know why. I do not expect it will be so reluctant the next decline. With today's rally we overlapped the impulsive wave 1 bottom (now labeled (a) from July 8th) which would make yesterday's decline to $31.79 the "a" wave down (Therefore I removed the impulsive count on the chart from this morning)... Today was a simple "abc" higher into $37.2650 and just a poke above the .618 fib retracement area. It is my expectation that $37.2650 is the high stuck in a "b" wave and now we will loose about 9 points or about 25% of the total Solana value down to $28-$29. As a reminder my trade plan is: I'm waiting for $28.80 minimum before I even look to buy. I want to see a reaction off the 1.0 Fib Extension. If the reaction is impulsive on the 1 or 3 minute chart...I'll buy on a pull back with a stop at the low. If I'm right and this is a B wave bottom, the C wave should take us to the $47 level minimum. So there will be ample opportunity for entries. I do not obsess with buying the low tick. There's always the possibility the purple count plays out and price just crashes and blows past $28-$29...I do not want to be stuck holding $29 SOL when I could've bought SOL at $20 or even lower. Today I started the process to set myself to actually place short trades on SOLANA. Will the account be ready to take advantage of my analysis above? I don't know. However I will advise on short trades I do in the future...if I do one. Thanks to @peterbhc for his help. Best to all, Chris
FTX:SOLUSD
by maikisch
OXT to the 50 cent range and beyond?With BTC showing real promise for another run to all time highs, you can expect alts to follow king BTC. OXT is no exception and while messy of a chart (Hey as long as i understand it right?) we can see OXT reaching the .50s once again. I also can see the possibility of it breaking the resistance trend it has been respecting for many months. Crypto rewards the bold and patient, if you are hanging tight, you could be making some serious money on this one -- in my humble opinion.
COINBASE:OXTUSDLong
by DanielRiera
Bitcoin Entries + Exits for FREEThe ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
BITSTAMP:BTCUSD
by ExclusivelyFX
1
Got good idea in trading prices been on upwards channeling for a while now. price's refreshing itself for the next move, pullbacks are becoming longer in duration, highs are lessening, polarity is changing and important internal structure shows buyers are lacking so their only novice participants up here not pros from the bull side. lets see how price behaves over coming week/s or so, still looking for clues along the way!! nothing is ever certain.... only then once confirmation PA shows itself. Would be nice see how price reacts or reaches around $40K psych level? if it gets there!? w1: Analysis showed good clear out with long legged indecision red bar w1 and daily chart clearest structure atm. I see no point to picking tops and bottoms but this has hallmarks a nice move which could rattle some fund managers accounts. Neutral to Short: only if I see right price action higher up .
COINBASE:BTCUSD
by WyckofdOnCrypto
Bitcoin (BTC/USD) - Multiple Time Frame Analysis (MTFA)COINBASE:BTCUSD . I thought that I would spend a few minutes separating the noise from the media and set aside some of the claims made on this platform, among many others, associated with the recent decline of the bitcoin price. - Late 2020/2021 Trend Line has not been breached (blue line) - However, BTC broke through its 50DEMA - But strong support remains at the 100DEMA - Horizontal lines are either strong support or resistance lines Please let me know of any questions. Best, -Bill Herrmann See also; Links to Related Ideas (below) Obligatory Legal Disclaimer: THE INFORMATION CONTAINED HEREIN REPRESENTS THE AUTHOR’S SUBJECTIVE BELIEF AND MAY OR NOT BE THE VIEWS OF WILSHIRE PHOENIX FUNDS LLC ("WILSHIRE PHOENIX"). THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. NEITHER THE AUTHOR, WILSHIRE PHOENIX, NOR ANY OF ITS AFFILIATES ACCEPT ANY LIABILITY WHATSOEVER FOR ANY DIRECT OR CONSEQUENTIAL LOSS HOWSOEVER ARISING, DIRECTLY OR INDIRECTLY, FROM ANY USE OF THE INFORMATION CONTAINED HEREIN.
COINBASE:BTCUSD
by zerorisked
3
ADA/USDT Technical AnalysisAs usual, I like to make technical analysis simple rather than just a load of lines and colours. I like to annotate why I drew those lines and also to help you see the trend. As we can see, the whole market is in a very volatile position due to bitcoin if bitcoin rises/pumps. Suddenly, we could see a potential drop in ADA or potential gain depending on the market cap of an ADA at the point BTC rises. It's hard at the moment to say whether ADA will pump or fall due to bitcoin dominance. I am optimistic ADA will pump. However, it needs a bit of dumping first, especially since the hype around the coin has gone. If we reach into the green zone, we could see a new RECENT ATH! However, if we fall below the support line or into the red zone, we could see a good dump ahead of us. But I know that's not what you guys want to hear. My personal opinion on ADA is that it has a lot of work to do it is still an unfinished product the reason why the price went so high was because there was a lot of hype around the token now that hype has started to go down, people have slowly started selling their ADA hence the drop I don't personally have ADA however there is a chance I will buy some in the near future because it is still a great project ALT-SEASON IS SOON YOU HEARD IT HERE FIRST!!! 🚀🚀🚀 What do you guys think? 🚀
by ChrisOT
1