Perfect break out pattern!The fun of crypto havent even started yet, pre chart i put the top at 20-25k(look profile) and soon we expect a liquidation flush of all the longs down to 14k ish and then beartrap the rest, from that we have one full year of green candles all the way to 208530k, specific for personal reasons but 180-200k easy
sell your nana for margin on bitmex, i suggest open a shit ton of 5-28x leveraged trades on various entries but treat them as 6-12month options, watch them grow like a fucken oak tree and when you harvest dont forget about me
Easy
$EASY/$ETH Long There's a lot of hype around the $EASY project at the moment, only tradable on Binance currently via the ETH pairing, if we see a BTC/USDT pairing added on Binance this will inevitably trigger a surge in buying. They have planned announcements over the course of the coming weeks & with a small marketcap it won't take much volume to elevate the price higher. Targets shown on the chart however I think this goes a lot higher.
GBPUSD - sell could be on.Here we can see a nice break of the bullish trend and price has found support here. adding in a fib we can see if we get the drawback we expect we'll have 3 confluences to get into a short term sell position. 50% fib, structure just above this fib level and a retest of the bullish trend.
let's be patient and see how we get on
EURAUD - STILL A CHANCE EURAUD didn't quite reach our previous buy limit annoyingly as it has flown since our last analysis! but that's forex so don't just trade because you've missed out be patient. We can now see a slight retracement on the pair allowing us to get into a short term buy. A little lower than the 50% fib we can see a nice support level that we can use as our next level of interest. Let's see how we get on this time round.
Using My strategy to create High Profit backtests ConsistentlyI created a strategy and an alert system based on simple indicators that can produce very high results. I think I am going to start posting some of my results weekly, open for critique. I've actually been using my alerts in the live market, and with pretty good success, but I figure it is always better to have some constructive criticism. I have a ton of experience with my scripts, and I built in a ton of margins for error, so results in real life are actually better than posted.
Not sure if I have a talent, or it is just hours of experience, but I am able to create backtests similar to the one shown in a couple of minutes. The backtest shown is for the past year, from November 2019 to November 2020, and it's on BTC on a 2 hour time frame. Let me know your thoughts on it!
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Reload your bags at $4-6 - Target $10-14 - Needs trading pairs!EASY is a great project, however for price movement to take place we need
more trading pairs on binance as the EASY/ETH is turning some people off as
ETH 2.0 is launching ETH paired alts will drain. Same with BTC bull run.
I expect this coin will perform really well when BTC dominance starts to tank after reaching ATH.
Binance AMA is today with EasyFi, if no new interesting news or pairs announced i think this
will bleed for a bit before bouncing hard from a $3-4 position.
Good time to buy the dip!
not financial advise, all entertainment.
Ripple is the easiest crypto for scalping, here's whyDrop a like if this helps you out, its free! :)
Ripple in my opinion is one of the easier coins to scalp because it so often finds itself in these channels for days on end.
The trick is to find the start of these channels early and from there on wards its easy
1: short when it hits the top of the channel
2: long when it hits the bottom of the channel
Once the channel is broken and a new trend starts you may take 1 Loss but after 10 previous wins that's part of trading!
EASY Gainz! Accumulation in $6-7 range before take off to $20!EasyFi looking good on the 1 hour, macd can flip at anytime. has strong support at $6.50-$7 range
Bullish flag forming on the 1 hour.
We could see a break out soon with November 5th AMA with Binance and also EASY/USDT pairs coming to Binance will bring more volume and eyeballs.
Target is $20 - Long term $30 and $40
Not financial advise.
Update on EASY-ETH setupPrice went to the top of the channel. Coincidentally this happened to be the $10 mark.
I'm expecting a retrace to previous resistance turned support at 0.02 eth.
I'll add on to some more EasyFi at that level with a higher target of $20, which would take the project to $10 mn mcap.
EASY-ETH Buy/Long TradeEasyFi is a defi project that got listed on Binance. It has a low market cap of sub $5mn. I expect it's price to go up till at least $10 or $10mn marketcap. The idea is to add to dips to previous resistance turned support and lower levels of fibonacci channel.
Induslnd Bank bullish Induslnd bank is for the time being range bound
but watching Banknifty, which is at a very crucial point of near 25000, induslnd bank can test the upper bound of its range in future
watch and go long with respect to bamk nifty
if bankfnifty crosses 25000 with good volumes and sustains it then induslnd will easily give target 2 at least
also the area of target 1 is in 0.618 region fib level, so it can be considered as a safe target
safe traders can go for target 1 ( my recommendation )
medium risky traders can go for target 2
while khatro kkhiladi nibbas can target 3 aswell
trade cautiously
use appropriate stoploss
USDJPY - Potential Head & Shoulders Pattern - Trend ContinuationHi Traders!
The market is in an overall Downtrend.
Alright, let's begin the multiple timeframe analysis with the weekly chart:
The main thing we can see here is the descending Triangle.
This structure has two main factors:
The descending Trendline
The weekly Support
Now we analyse the price action of the market.
You see, the market is reacting less and less to the weekly Support than it did the times before.
This is a sign of Bullish Weakness or Weakness of Support.
That means that we're looking to short the market.
Now, here is the daily:
Here you can see another descending Trendline.
This is giving some more bearish pressure.
And it is in a Downtrend.
Moving on to the H4:
You can see the market retracing.
It is also at a consolidation area.
We identified a possible Head & Shoulders Pattern.
The target is the weekly Support.
Now, let's think about how to enter.
The Entry Timeframe H1:
As you can see there is a little ascending Trendline there.
It could serve as our Entry.
So, if the market doesn't make the Left Shoulder, we won't miss the trade:
We'll just sell the Trendline Break.
The SL is above the Consolidation Area and the TP at Weekly Support.
The risk-to-reward ratio is better than 1 to 3 !
We recommend to trade the Retest of the Trendline Break.
Thanks and successful Trading :)!