High Probability LONG until top trendline, before massive SHORTBased on the current Daily chart/pattern, there is a possibility to enter a LONG until the top of the channel trendline, before a substantial SHORT to the bottom of the triangle's channel trendline.
IF the bottom trendline is broken, after consolidation and crossing the Blueberry EMA, we should be able to have confirmation of a significant Impulse wave downwards for a full bearish trend, which could confirm hard times ahead for the IHG (Intercontinental Hotels Group).
TDI seems to suggest a LONG is still valid until the overbought position is reached which should then signal a great SHORT entry at least to the bottom of the channel trendline/Blueberry EMA.
Once we reach the Blueberry EMA, price action and structure should provide more information before a decision to exit the trade or continue SHORT for an Impulse.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
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Exponential Moving Average (EMA)
BTC update This is update to my previous Idea regards BTC. Based on this chart I assume that 1000$ mark was defended and strong bullish trend should continue for some more time. BTC is making new highest highs while I'm posting this Idea(well at least on this chart). I strongly believe that the BTC will hit 1700 1800$ mark some time in the future. I also believe that 3000$ is very probable as well but I'm not sure when it will happen. I marked strong support/resistance close to 1300$(blue rectangle). This area should be tested and then BTC should move north. Recent informations regarding BTC future didn't change strong bullish trend that much.
Please don't take it as a trading advice it is just my thought.
AUDNZD Pending Sell OptionAUDNZD long term - we have a clear bearish trend.
Short-term correction phase near FIBO 50%
We might have a stall phase. placing an order to sell the break of fibo level.
Technical indicator RSI+MA turning around OB zone, Once RSI will pickup a bearish momentum which will confirm the projected movement for a new short position.
TG and SL on the chart!
Factom: chance to enter the bullish trendPair recently tested psychological round number which is 5k. I marked with three orange ticks something similar to triple bottom. I believe that after third attempt has been rejected by market there is good chance that pair will continue bullish trend and will try to reach another significant level which is 0.007400.
USDJPY part 2 - tunnel is still activeUSD moved down as I have predicted in my previous plot - see below.
Now is time to move up and touch EMA (2h plot) - this week and beginning of next one
After that we will see more downward move - since next week.
Tunnel is still active however, slightly changed as wasn't accurately drawn first time.
My previous plot on USDJPY:
Nautiluscoin tight SL with nice Risk/Reward ratioThere was strong movement at the end of January. Fibonacci retracement was reached at 14.60% which is actually important level. Pair created triple bottom and then moved up again.
GAP created on October 2016 stopped all gains twice (purple ticks) which is telling us that market recognized this level as the strong support/resistance area. Recently pair managed to go thru this GAP and market is testing this area once more. I marked with two parallel black lines recent GAP. There is something similar to double bottom (orange ticks) near this area.
I would open long position with tight SL.
SL is set just below recent GAP.
Next level which I consider as the resistance would be around 0.0002600 and I would put TP just slightly below 161.8%.
Counterparty / Bitcoin trading close to major supportTriple bottom marked (three orange ticks) combined with GAPS (black parallel lines) above psychological level created very solid support. In my opinion it is good idea to wait for the pair to go close to the 0.0020000. I would look for 0.0062000 area as the good TP but there is a chance that 0.0050000 will most likely bring some interesting price action.
I would wait for some kind of confirmation that price will go north (hammer, engulfing candle, etc.)
RADSBTC range price action09th of March pair finally moved north after third rejection of strong support (three orange ticks) . Support is based on the Gap from beginning of June 2016. Pair is moving in range between 0.001500 and 0.0090000. I marked with two black parallel lines GAP which should hold further losses. This place is also very good entry point with SL set just below 0.008500 and TP at 0.00190000. I would risk and wait for 0.0025000 area to be hit. It is highest high from 22nd of March 2016.
SiaCoin interesting price action23 we can see nice GAP combined with nice doji candle holds losses and pushed pair higher. Major support/resistance area with psychological number 50 (range between 50 and 44) was respected by market for a very long time. It was eventually broken by pair and tested twice during last three weeks with negative results (good bullish signal) . 12th of April pair moved up very quickly and it was stopped by another GAP.
This pair is respecting Gap’s and market is treating these as support/resistance areas. There is another GAP marked with orange rectangle (60) which should hold losses, the pair should go higher and try to break 70.
I would set SL just below 44
TP levels:
1. 0.00000098 which is pretty reasonable
2. 0.000000123 which is probable but more risky
3. 0.000000166 It is possible
Decred above solid support chance to go higher This Idea is related to the previous one which is linked.
Pair managed to go above psychological level and established nice support there ( doji candle marked with orange tick). I placed on the chart trend line (red) and brown where pair will find strong resistance. In My opinion next level is 0.01776000 and then probably 0.020000.
200 Ema should help ascend. There is still a small chance that the pair will go beyond the psychological level 10k just to go back on track.
Aussie long position opportunity detailed information 4HThis is zoomed idea which revealed three soldiers formation triple bottom and 7500 level which stopped all attempts to go lower.
Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power.
I would open position at current price with nice 3.5 Risk/Reward ratio.
I think it is worth the risk.
Aussie long position opportunity big pictureLosses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power.
I would open position at current price with nice 3.5 Risk/Reward ratio.
I will post another idea with detailed information.
LTC good chance to beat higher high from 5th of AprilIt is quick review of recent LTC price movement. It seems to me that LTC created very nice not perfect but still upside-down head and shoulders formation on 4H chart. What is important here this formation is combined with significant round number which is 10$. I marked with orange tick big bullish candle which is good signal for further gains. When big bullish candle like this appear on the chart its lower part of body is treated as support which is here somewhere around 9.90$. Price could go below it for short period of time but there is good chance that 200 ema will push it back on track and price will reach new highest high. If the price will go lower I would wait for hammer with long shadow.
Ripple interesting price action 4H chart Bitcoin is on the rise when I'm posting this idea. Orange ticks marked double bottom formation which is holding pair above this level. As you can see important Fibonacci level 38.2% (combined with round number 3K) was rejected 13th of April. Pair is in consolidation for few weeks. Market is respecting support at 2600 which could be use as the Stop Loss area. It is seems to me that pair is trying to leave triangle which is suggesting bullish movement. Theses days shorts on any crypto are not really good idea in my opinion. There is more chance that pair will go north or consolidate then will go down. The 38.20% area is important here and if broken it will increase chance that pair will hit 61.80%.
I see three possible outcomes here :
(I'm think that first two are much more possible than the last one)
1.Pair will break 2600 and go down to meet 200 ema and or 2000 level just to bounce back
2.Pair will never touch the support again and will go north towards 61.80% level
3.Pair will go down break the support 200 ema 2000 level and will try to reach 1k.
BCNBTC I see here potential for big returnsWhen I'm looking on chart I see big potential for big movement some time in future. Pair established solid support between 4 and 6. I would like to see round number like 5 but it is not case here. This support area holds losses for almost 6 months. I don't see any candle formation or any other known to me pattern which I could apply here.
I see here potential to double triple or quadruple of stake.
Risk is that pair could go down to 1 that's why I wouldn't put stop loss because I strongly believe that there are pending orders just below 6 which will give boost to rise again.
Look at the huge doji candle from 31st of may. This pair has potential to rise up for fourth time in my opinion.
If you would like to take my advise and trade it I would suggest to invest only stake you are comfortable with and don't expect returns in short time. Just invest and wait till it will reach your desired level. I put in chart some levels I believe pair will hit in future. Pair is testing round number 10 for time being.
1. Green I'm pretty sure (this one is based on highest high from 2015)
2. Orange It is probable ( round number )
3. Yellow there is a small chance based on Fibonacci projections
4. Blue maybe based on Fibonacci projections
5. 361.80% who knows
BTC V pattern idea correctionIt is correction to previous chart as the angles were not correct and it looked slightly different as intended. I'm not sure if the angles are changing position as the price changes so I corrected it and let's see if this one will change shape too.
It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me tech. analyse but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle .
Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play.
It is just a thought and it shouldn't be treated as a trading advise
BITSBTC Bitstar chance to double the stakeVery energetic movement followed by consolidation with clearly visible double bottom at 000001550(orange ticks). Pair is consolidating within the range between 1550 and 3500 for last two weeks. I believe that level created by double bottom created solid support. It is small chance that pair will bounce from that level creating triple bottom which could move pair up and eventually break consolidation range. I'm curious to see what will happen when pair will make contact with 200 ema.
By quick look n the chart it is visible that when pair is ascending very fast and then going down slowly. I assume that the very low volume make this good opportunity to double a stake when enter with current market price.
It is also possible that pair will go lower from current level which will make another opportunity to enter the market with much higher risk/reward ratio.
I would enter right now with SL and TP level set up on chart. It is not a big risk and the probable profit look promising,
ETHBTC bounced from 50% Fibonacci retracementI posted ETHBTC idea week ago with possible short opportunity. Profits from short were all erased with ease by quick long move. This price movements is suggesting that market found strong resistance in 50% fibo level, creating nice support area. Fibonacci levels, specially 50% level is fairly respected by market since big movement and it is holding pair above it for quite some time. Area around .03500 was tested twice which is marked with orange ticks. Area between 0.03500 and 0.4200 created range where pair is consolidating in favour of long positions. I would suspect that 50% level will be tested once more, but more likely I see here that 200 ema will hold further losses and push pair up towards highs from 24th of March.
These two green ticks above doji candles are suggesting something like double top and to me it looks like strong support/resistance area which eventually was broken.
I would suggest to split stake in two and open position right now just in case price will move north quickly and open pending order in area marked on the chart.
ETCUSD chance for push higher solid GAP supportETC moved higher for the last couple of weeks. Last big bullish candle moved pair over 3$. Pair is moving sideways. I marked 3 GAP's on the chart which are creating very strong support combined with psychological level 2.50$. It is quite possible that pair will move higher eventually breaking 3$.
I would go long here with SL just beyond the longest shadow which will be 2.44$ and Take profit area at 3.30$
BTC V pattern idea It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me technicals but recent movements don’t fit to any of them. I found just one which could be used for “predictions” and it is called V-Pattern. I placed it on the chart(two rays deviated 60 degrees) . This pattern gives us place where we could see some interesting price action. It is marked with blue rectangle.
Fact that 200 Ema pushed price higher with ease above 1000$ mark makes me think that the bullish mode for BTC is still in play.
It is just a thought and it shouldn't be treated as trading advise
ZECUSD Bat pattern and GAP for short I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis.
I wouldn't trade bat pattern on its own but company of solid GAP makes it nice opportunity. GAP is perfectly respected by market for the last almost 2 weeks. Bat pattern will be used to help set TP area. Safe take profit target would be around 45$ 40$.
I would again recommend very small stakes for this trade.
I would also wait to see if the market reach point D and then open long position