Entry
ETH/BTC triangle and breakout ideaTimeline:
sep 1 ETHUSD is pumping from 3400
sep 3 ETHUSD hits 4k and stalls
sep 5 BTCUSD picks up the pace while ETHUSD still moves sideways
sep 7 BTCUSD and ETHUSD rolls over to the downside and flash crashes to 43k and 3k respectively.
sep 8 BTCUSD retests 45k as support and moves sideways until today. ETHUSD retests 3.2k and moves sideways
during this period the ETHBTC pair has attempted to exceed 0.08, however due to BTCUSD sudden chase, and the following flash crash, it has corrected into a symmetrical triangle ranging from 0.08 to 0.072 ETHBTC.
the resistance and support lines of the symmetrical triangles have been tested multiple time, and a breakout or breakdown could lead to a quick move to either 0.08 or 0.072 respectively.
a swing long could be entered if the price hits the lower green line, with a stoploss at the lower red line, while a swing short could be entered if the price hits the upper green line with a stoploss at the upper red line until the price breaks the red lines.
after the price breaks the red lines, a breakout long could be made at the upper red line, with stop loss at the upper green line, while a breakout short could be made at the lower red line with stop loss at the lower green line.
DOTUSDT 🚀🚀 is it going to the moon? 222% BEST ENTRYDotusdt has recovered from its main support and based on our Strategy it's ready to hit higher resistances.
there will be a possible drawback at the first resistance area.
Pls give share your opinion with me in the comments section.
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ADAUSD Gets the Pullback it NeededImportant things to note:
Price tested 2.0 level
Price is sitting at rather weak support
On 30M chart you can see a bear flag forming. (watch where price breaks the pattern).
I do not believe price has settled.
Price has tested 2.0
BTC has pennant on its chart.
There is a massive amount of buying volume happening
Important Dates to Take Note of:
BTC becomes legal tender in El Salvador Sep 7 2021 (prompted massive sell off)
ADA Alonzo (smart contracts) go live Sep 12 2021
ADA Summit Sep 25-26 2021
ADA has finally got the pullback it needed for quite sometime now. Though, this shouldn't surprise any of my followers as I have been talking about this at nauseum for at least a week now. The price will likely settle in an area with a lot of support. The areas that I am currently looking at are 2.2 and 2.0 (due to the test of that level). However, it can always decide to break the pattern and move upward. There are fib retracement levels at 2.36 and 2.06. I think we will end up somewhere in the middle and once I have confirmation the price has settled and I see upward momentum start to form, I will enter. Again, I am a bit very patient and trade very traditionally. Hopefully we can see a nice bottom form into a basing pattern which is exactly what we want to see. If you are worried about the pullback or wondering where to enter, just remember you want to enter at a support level, ideally a strong support level and you take profits at a resistance level. That is trading 101 if you are long on an asset. I would not worry too much. Pullbacks are required for upward momentum. ADA has wonderful fundamentals and I personally do not believe crypto is at the end of its bull run. But like I said before, many analysts including myself believe that BTC will end September around 43k only to push forward to new highs by the end of 2021. Anything can happen, but that is the analysis that makes the most sense to me. I will continue to keep and eye on ADA and update you when I see anything to note. Set alerts at the top and bottom of the pattern, and at the support levels I have mentioned and you will be fine.
Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know!
Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time.
Again, I apologize for having less time to post at the moment, but that will change in a couple weeks.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
We're closely monitoring GOLD! We're closely monitoring GOLD!
Gold has finally reached 1800 and this is a significant level right now. We're expecting to see what is the next move.
The main idea is to see what is price reaction in the resistance zone. Those are the levels slightly above 1800!
If we see a rejection of this level and price leaving a wicks inside of the zone, than that would be an entry signal.
A more secure way to get involved is to wait for price to break below previous lows.
If market breaks below 1773, than that would confirm a potential move down to 1700.
Do not enter a trade while price is in an upside impulse. All selling ideas will be gone if price breaks above 1830!
Follow our daily analysis to find out what happens next!
Bybit Inverse Perpetual XRPUSD PairHere I show what I believe to be a good short-term entry for quick profits on xrpusd as long as we get the retest. The bounce with indicate a lead to confirmation towards more upside. Of course, it's always the next few minutes that determine the next few minutes. With that said, no financial advice, Safe Trading!
SKLUSDT - Skale Network is coming backI have only used fundamental analysis in this chart and my recent Bitcoin analysis has made me consider giving you this great idea. This week will be the decisive week of Bitcoin weekly with a number of indicators that have a very high probability of giving good signals. This is one of those coins that last season a lot of people held and then left it, which was the decisive factor that made this retest be perfect.
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Entry on EURUSD11th of August
We could say that the 1,1640 level now looks totally possible.
After the impulse yesterday, we now expect a pullback and another drop.
This will be the moment to enter short for those of you who missed the opportunity yesterday.
Stops must be above the impulse move and above 1,1785.
The first target is 1,1640, but we might be looking at a lower levels as well.
Watch out for our daily analysis to find out what happens next!
EURUSD keeps falling!There isn't much different compared to our analysis from yesterday
We expect a downside continuation to 1,1710, but keep in mind that we are still going to have the usual pullbacks.
The main resistance is 1,1775 and price shouldn't be going above 1,1810!
If you've made an entry yesterday, then just wait for price to reach your target.
If you're looking to make an entry today, then you want to see a rejection of 1,1760.
Buy EURSGD with Inside Bar setupDaily time frame.
Structure: Uptrend.
Break Key Level, retracement, and confirm uptrend with Inside Bar.
Buy order with this setup.
Target is next resistance at 1.63000.
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Wish you all have a good trading day!
Great Entry for Citigroup Great Up-move to be expected. A squeeze is about to occur on the daily while also holding its support. Another indication towards bullish sentiment is the Stochs Bullish Divergence. Not only does the daily suggest an up-move, but the weekly indicates an oversold condition. Price targets are 73 then 80.
Bullish Signals
-Squeeze
-Stoch Divergence
-Fib Support
-Weekly oversold
Price Targets
-1st 73
-2nd 80
JPM Great Entry Yesterday I briefed on JPM, stating that it was a potential buy depending on if it holds its support. It is holding it fairly well while also indicating some other buy signals. This leads me to conclude that I believe it is in a buy zone and has a price target of 160(upper Bollinger Band).
Bullish Signals
-Weekly Reduction in selling momentum
-Resting Around Fibonacci Support
-B% Is on the lower scale
Worst Case Scenario
If this does end up being a false buy signal then I'd recommend watching this stock for it to hit 140.
DIA/USDT - POSS RETEST ENTRY! Some small cap alts have been stealing the show recently. The trick is to find the good ones early. DIA has broken out of an ascending channel with volume, which is a recipe for parabolic price action to the upside.
**This is contingent upon BTC cooperating (continuing to trend sideways & not dumping)
The Mas are all curving upwards and will cross the 200 if this trend continues.
There are plenty of other small cap alts with solid setups right now. Focus on those instead of the large caps for now.
happy trades,
CD
Another drop on GBPUSD | How to trade this setup?Everyone who follows us knows that 2 days ago we sold GBPUSD down to 1,3755
Now we have another opportunity!
The downtrend is still in play and we expect to see another push.
This time tho, we should see a break below the H4 support and market eventually reaching 1,3630!
If you're selling right now then your stops should be above 1,3900.
Another way to enter is to wait for price to break below the support and then enter on the re-test.
If that option is better for you then make sure to follow us and we will keep you informed!
EURUSD Trade Signal | Entry Now!EURUSD is currently in a downtrend on the H1 chart. Price also broke below previous low confirming this downtrend.
This pullback that we see today could be a sell opportunity. This trend direction is valid as long as price is below 1,1900!
We should place our stops above that level.
Looking below current price levels the first support is at 1,1780.
You could use this level to take part of your profit and move your SL to breakeven. The main level we're looking for is 1,1750!
BTC/USD Bullish CypherBitcoin is right now forming a bullish cypher pattern which is a bullish harmonic pattern. If it plays out a perfect entry would be around the $34600 area. Target would be 41-42k. Here are the following reasons why this would be a great entry:
Hidden Bullish divergence on the hourly.
Bullish Cypher with almost perfect retraces.
Perfect retest of the falling wedge that has formed on the daily candle
BTC is currently in phase D of the wyckoff accumulation pattern which according to the pattern should be a big move towards the 41-42k resistance area.
I think these are pretty valid reasons to enter this long position and remember, only enter if price reaches point D which is around $34600 - $34500! Follow for more free trade setups. Good Luck traders!