I'd say it matters but
honestly does anything matter anymore?...
anyways, point is we have entered the channel occupied pre-covid. We have already hit it's ceiling (see hand pointing)
Now we test the bulls. If support holds mid-channel. we will probably begin an attempt to enter the sur-channel region, just above the 230's.
I believe we won't initially hold 310 however, given the psych-influenced support built around whole numbers especially round-hundreds. this will also toss creedence to the 50 period ema which is sitting comfy just above the channel floor.
Entry
LRC/BTC - LONG - POTENTIAL 18%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile
PAIR: LRC/BTC
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 1060
TP1: 1092
TP2: 1131
TP3: 1187
TP4: 1251
SL: 977
NOTES:
- Broken back through support/potential S/R flip
- Bounce off RSI Trendline
- Support breakthrough
- Pullback sitting on strong support
- If support holds then it should continue uptrend
- Uptrend
KEY:
SHORT = < 7 DAYS
MEDIUM = < 1 MONTH
lONG = > 1 MONTH
***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's***
Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
XAUUSD SELL FROM 1769Hello traders, i am expecting gold to move up to 1769 or 1769.50 and drop from there to 1748.50. 1748.50 is also a buy figure.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Previous analysis
EURUSD SHORT SETUP ON H4 TIMEFRAME! Good day traders! I hope you all have a great trading day ahead!
Start off with EURUSD. Price has been pretty bearish recently and price action dictates that bullish momentum has slowly fade and bear market has taken charge.
Head and shoulder has been formed in H4 timeframe and price is ranging on EMA 55. To have a good short setup, we are looking for a retest to EMA 55 which is inline with the price structure.
Entry price: 1.1280
SL: 1.1300
TP: 1.1179
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
GBPUSD-LONGPotential Long on GBPUSD. Price is approaching the daily trendline and is coming up to a previous level or support/resistance. The level I've highlighted in pink lines up with fibonnaci levels. I'm looking for a break and retest of the descending trendline to take this long. Fundamentally the pound is trying to recover and USD is still unsteady. However, if price breaks the daily trendline, I will be looking for a short off of the retest of the descending trendline and previous support/resistance.
FTM / BTC Entry Idea - 200MA supportFTM has found support on the 200MA 2 or 3 times recently, so although we're in a short term downtrend, I believe we could find support there again, which would make this a good entry point for a short / mid term trade.
BXP very STRONG RESISTANCE! HOT MARKET $$$Hi traders,
today´s HOT market that I opened yesterday is "Boston Properties Inc."
As you can see in the analysis, this market was stuck in the Trading Range for several years and a few weeks ago broke down.
What makes this trade amazing is the fact, that we are still below the major Value Area , so we can say, that lower prices are respected.
INSIDERS, also, increased their SHORT positions -> another confirmation!
Parameters of the Trade:
Ticker: BXP
Direction: SHORT
Entry: 101.92
PT: 79.64
ST: 113.06
Have good trading,
Jakub
FINEIGHT
Bullish As Hell Breaking OutChart has projections.
MACD bullish 0 cross
RSI test and bounce up off 50 Rsi
Past breakout point 1.15$
Target levels 1.5/ 1.7/ 2.2 $
THETA/USD- Potential Entry or Trap?Hopefully those who had positions in Theta managed to sell the top (or close to it)
If they did, are they now looking for a re-entry or have they moved onto the next option?
I wouldn't be in any hurry to jump in but strange pumps seems to be the norm in the current environment.
I'd prefer to see it closer to the 50/200 SMA so further retrace required.
Keep an eye on it and cautious entry advised if feeling brave. (Tight SL)
Any thoughts on entry price or whether to just steer clear altogether?
Bingaz.
Bitcoin is not able to Cross 10K this week ? / weekly BTC levelHello Friends ,
Thank you all for prioritizing My idea. Hit the like button and also follow for new update.
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let's check overview of chart :
Here we can see some area where trading activity haven't taken place . it is outlined as "Area Zero".
we have founded 4 "Area Zero".
This channel have 2 Zones, "seller zone'' and " buyer zone".
we can Find Magnet Line where the price often touches. we have funded single Magnet line "M 1" .
I haven't Find any clue which shows Breakout from downtrend channel.
If you are going to short then your target Should Not be Bellow M 1 .
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let's have look at daily chart :
as per daily chart its clear that price will touch at the support line at 8605 and weekly BTC road can be 9000 as expection. yes this week we are not expecting 10 k level.
it's just simple view which I have noticed. You will be notified if you have Liked and followed Thank you......
it's not The End of analysis
BE prepared for Trade........................................................................................