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Correction or local Double TOP? A key place for crypto! 🌖😱Our Ripple token is in the place I expected from the bottom. We pierced the bottom line of the annual flag briefly, but fell out of formation and hugged underneath it. This is where everything will be decided. If we go up again and then break the top line of the flag, I will be very convinced of the increase to $ 4.5 However, if the bulls do not have enough strength, I predict a descent even to the last dips and lower. Remember about STOP LOSSES set for your strategy. I'm bullish on XRP for the long term and will never sell these coins from the SPOT wallet. Comment and like, Good luck!
Short
by SayMoney
1
GBPCHF bearish analysisHello guys Everyone who is Elite member - wait for proving decision if price will close that way GBPCHF currency pair is at overall bearish trending and bearish territory, which means price might hit higher levels or break H4 lower low level correctly. If price will continue higher, we have to take advantage from buy side on daily chart. Daily chart giving us a possible swich at H4 lower low. If daily buyers will confirm it, then we have to follow analysis and swich H4 LL to daily LL. Keep that in mind. And this will be one of the facts why bearish targets might not be observed anymore. If price will break recent H4 lower low level correctly, then price is again headed to 1.21442 support level. Recommend trading beetween H4 and H1 timeframe. If price will stay stable bellow 1.21442 ''new resistance level'' we have to be aware of daily candle closing and structure too, before we are looking potencial target at 1.19941.
Short
by EliteFxAcademy
1
Dissecting a winning trade in $AEHR. What went wrong?Admittedly, not all of my trades will be correct. Even if they are correct, I will never be able to trade them perfectly. What I strive for is to be better than yesterday. Such is the case for my $AEHR trade. The marked areas are what I used to enter this stock, usually when volatility has died down. Tried to be as patient as I could by trailing my profit with 5 Day Moving Average. It worked for a time but my ride got cut short, leaving me in the dust at $13.50ish Maybe it was too tight of a trail profit to use. Nonetheless, that strategy has proved its worth in the past already. Currently missing out on a lot of gains from this. Will use this experience to improve my strategy further. This trade has made me around $30k. It's good but still a lot more to be improved. Thanks and good luck out there!
NASDAQ:AEHR
by kevvela
EURUSD - A choppy story..My favourite pair has been really nasty this week. Only Monday provided some great short setups, but I didn't have the chance to trade on that day. Tuesday was a complete mess. Of course, there were some little scalps, but nothing worth taking. We are having a lot of speeches this week, which I believe are causing that consolidation. Furthermore, the Monthly close is coming, so the market is slowing down just before that. Keep those factors in mind. As for the markup, I am expecting the market to play within the range probably. We have a sell and a buy area. I am favoring sells much more, because we are in a downtrend! So letting the market show me what it wants to do and only then I will strike. No trades still for me... It's painful and really challenging, but as a professional, you have to know when to engage and when to observe! Let me know how you find this week so far!
by TradingFanatic
1
TA: Trying to find the perfect entry point for a short.Note: I needed to publish this with 15m timeframe. But for best results (more exact values) I always draw the lines with 1m timeframe, and scale up to 15m for evaluation. The Theoretical Base: Mathematics. The basis of my approach is the infinitesimal calculus - remember math in school? The first derivative (D1) of a function is the rise of its curve (here: how much a price rises or falls), the second derivative (D2) corresponds to the trend of the curve rise - i.e. whether a curve is concave (rise decreases, the curve makes a "hump" and tops out) or convex (rise increases, with positive rise perhaps parabolic phase). The Road To Practice: Find It In The Chart D1 corresponds here with the angle of a trend line, which I put tangentially to the curve. In contrast to the other procedure with rising curves from above, with falling curves from below. About D2 at this point we only need to know here whether it is positive (curve convex) or negative (curve concave). If we compare the angle of two adjacent tangents, D2 corresponds approximately to the difference of both angles: If the angle decreases (as in the chart), D2 is negative, the curve is concave. Trade Point Definition The perfect trade point for entering a short is the point where D1 has become most close to zero and D2 is negative - the top of the curve segment, its upper reversal point. From there on, it goes down. The best TP for the exit is the point where D1 is most close to zero with positive D2 - the lowest point of the curve segment, its lower reversal point. Note: In practice, local highs in a downtrend are broad. I have written about the "slow death" on tops before. Those are well suited for the application of the technique described in here. On the other hand, local lows in a downtrend tend to be as narrow as a singularity and hence are hard to catch. I will write another idea later on how to approach them most closely. With this knowledge, I now try to find these two points by putting tangents to the price curve and comparing their slopes / angles. Of course, this can only be done approximately, because the price curve never runs smoothly like a sine, but oscillates in different timescales with different frequencies and these oscillations overlap to a chaotic oscillation. So I define the timeframe in which I want to trade and ignore higher timeframes for the creation of the tangents. Then I create approximated tangents (trendline tool) on the outside of each curve section, which connect the high point of each subordinate timeframe with the next, without intersecting the curve at any point.
KRAKEN:BTCUSDShort
by My2CentsOnBTC
1