Bitcoin Scalp Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $23,755 📉
💵 Length of trade: we are expecting BTC to hit a $550 scalp, with a high end of $1,000, and a minimum expectation of $350.
🕰️ Duration of trade: we are expecting the minimum profit target to possible get hit by midnight. Then we see the rest of this trade playing out Monday morning.
📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Daytrades
Bitcoin Scalp Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $20,710 📉
💵 Length of trade: we are expecting BTC to hit a $500 scalp, with a high end of $700, and a minimum expectation of $350.
🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade playing out around market open for NYSE. Tomorrow there is key economic data released before market open, which could cause big moves. Today the economic data caused a positive spike of 500pts, we will try to sell during this spike, if it occurs similar on Thursday.
📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
CRM MONSTER MOVE COMING!!!-We successfully closed above the 9-day ema and had a little pullback
- Now we have a clear pathway towards next level of resistance we can take a position here on monday once we see a clear trend starting to form
-you can also wait till we break that resistance level then take a safer position.
-Once we break levels there then we are gonna be sitting in deep profit already and this can go back to ATH from here.
BAL ENTRIES AND 2X TRADEHey traders,
Just wanted quickly share my BAL chart that I have been looking at recently. BAL is one of the only cryptos that have already retraced back to its Jan open, making me comfortable to buy. As you can see this analysis is a larger timeframe analysis so there's more flexible of entries.
Please like and follow for more detailed Price Action breakdowns and updates on my charts, and happy trading to all.
es, spy, day trading for Apr 2nd 2020We are still trading inside yesterdays range, a range that was accepting lower prices. Will be looking for choppy back and forth until the red zone breaks. This is a big range so intra day trends can be created to help pick a side but the go forward direction is needing the big range to break and hold.
es, spy, day trading for Apr 1st 2020ES numbers are 6 points lower than the line marked on chart
Is the april fools going to hit the bulls or the bears?
The market over night took out my first support level and looks like lower is what it wants so that will be my very strong leaning until opposing info changes that point of view.
I have shown 2 levels of support and if they do not hold then a very deep drop could be coming. That said will react to what comes not what i think.
ISM disappointment & Trading the aftermath! Here is another Forex Trading Snack!
I try to post up higher probability trade ideas in my opinion according to my own style of trading. If this also matches yours. Great!!
Allow me to just say, this idea is both long and short trade plays in one pattern and trading idea.
Full disclosure; I’m already short at 107.75
When news hits and markets react to it, it is usually impulsive. A knee jerk reaction! The EW 5 wave setups when found in the markets is usually a really good indicator of such market reactions.
If you’ve gotten lucky enough or are talented in finding such trades beforehand and gotten into a trade that is an impulsive move, that suddenly slows down. Check to see if there is a wave count ( a EW 5 wave price structure) because just getting out and feeling lucky is fine. But then if there is a 5th wave pattern you would have left some pips on the table, not to mention a reversal trade opportunity.
A disappointing ISM number and the USDJPY that I’ve been trading long, suddenly reversed building a great small timeframe EW 5 wave structure. It somewhat easy for me to spot. First you see a small down turn and an attempt to retake the swing high. The wave 1 and 2 price structure. Then this is followed by a huge or at the very least a very long ( in this case ) price drop, which is again followed by shorter price movements trying to push against the tide. Any reversal in price is shallower and can hold this price action for some time. This usually happens when one market closes for the day and before another opens. In this case NY closed and Asia hasn’t even had the opportunity to see the ISM report or the markets short term reaction to it because it’s still closed.
This is exactly why I believe another short downward push is coming. Marking the 5th and the final wave of the EW pattern. In addition to EW 5 wave patterns usually mark the end of a trend and are usually followed by a 3 wave move that is slower in movement. Thus price action suggest the market is digesting the news before moving in the direction market players believe the news will impact economies.
My trade plan is to go short USDJPY and have done so at 107.75 with stops above 108.00 and my target of 10740-60
My target being at a support level and so a good bounce and an ending to a 5Th wave level.
If this is a 5Th wave structured pattern we are looking to take advantage of a small short and then reversing the trade close to support for a ride back up into the recent broken up channel that was broken due to the ISM news.
Markets that move off impulsive reactions often over react. This is a strategy for exactly such market conditions.
Bring that this pattern is on a very small timeframe chart, I’m trading it with less lot sizes and tighter stops.
Remember if you trade any ideas presented, you are also assuming the risk of loss on your own. This is not advice. Past performance doesn’t mean future successes.
Landscape view of my chart.
In trading you either make dust or you eat dust.
All the best traders.
$ES_F $SPX day trade ideas for May 23over night had a good sized down move then went into balance, so the direction the day takes will be found if one of the over/under lines gets taken out. The lines above are the up side targets and the Lines below are the down side targets. If all we get is between over/under will be a very choppy day
$SPX $ES_F day trades for May 21At time of this post we are above the over line so looking for a open move down to be bought back up, unless we get a impulse down. The down move I do not expect it to be a gap close maybe only 5 to 10 points before bounce. Will be looking for buying spots on the turn, and if we do not turn will look to sell
ES SPX day trading with the premarket drop I would think we open with a shortable bounce, maybe up to the 2827 area, and then we should test the resent lows and possibly below. a bounce above the 27 area we then likely see yesterdays high again.
will watch how things open and then look for trades after the open reaction takes place.
Day Trades ideas for May 3rdLooks like the market is trying to get back into the higher distribution with steady buying all night. I expect at open we move down and then find buyers again to see if we can get back above 2933 area. if we can then right back to the middle of the range prior to Wednesdays drop. In the event they can move down below 2917 and hold it down there for any decent length of time 30 minutes or more then I would target yesterdays low.
I will be looking for ideas that play to these two ideas after seeing how they are going to play out
Apr 17th day trading in SPX or Esadd in 4 points for ES levels.
Toady we are inside yesterday's range so far and are looking at 2 things one a move above the 2918 area and if this happens I would target 2936 for the day. NQ is leading very strong to the up side and if it stays strong this is the most likely event.
In the event the upside fails, what has been happening early as of late in the day, then will look for a move below 2912 and if that holds then the play will be for the 2905 target.
On open will watch for what side is showing the power and will prepare to trade in that direction. being careful not to stand in front of the bull until he goes back to his corral.
April 10 day trade/scalping ideasthe 2nd idea is we open drops to 74 (78 ES) and then sits sideways followed by a further drop to 66 (70 Es). we also could get a opening pop going right back to the top of the marked areas of 93 (97 - 98 ES). but do expect pretty much same chop till we can clear this multi day distribution. Leaning on the short side due to DOW weakness. but that can change real fast