LINK/BTC; 1D; Binance; 23.10 by @SupernovaEliteFrom March 2018 to May 2018 there is big volume on LINK that looks like accumulating position by big players, then was breakdown and now formed local rising trend which realising with big volume impulses. Price brokeout R1 resistance then brokeout R2 but corrected. For confirmation of continuation LINK need next impulse and hold above r-local resistance. If we will see that - we can accumulate position for middle-term trade with 28% and 44% targets.
Excavo
LRC/BTC; 1H; Binance; 26.10. by @SupernovaElite. Potential 10%!Local rising trend, price rebounced
from MA 100,200 many times. Now
formed traingle pattern which was
broken but come back. There is volumes,
need consolidating near this lvls or
next breakthrough for confirmation.
Risk/Reward = 2,41
Do not forgrt about SL!
EURAUD Bearish Cup and Handle. SHORTTECHNICAL ANALYSIS
Hey Guy's what's up! There is a Cup and Handle in EURAUD. So when the breakdown starts. we will short it.
First target = 1000 pips.
Second target = 1600 pips.
INDICATORS USED
1. MACD
2. RSI
3. SMA
GOOD LUCK
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GBPUSD Bullish Cypher. TECHNICAL ANALYSIS
Hey Guy's whats up! We saw Bullish Cypher in the GBPUSD. It is in right leg of it's completion. After completion It will be bullish.It has about 2000 pips profit potential. So don't missit.
INDICATORS USED
1. MACD
2. RSI
3. SMA
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Phase of trend Three phases of the trend.
The main trend has three phases. Usually, three phases can be distinguished within the development of the main trend. The first phase, or the accumulation phase, emerges when the most far-sighted and informed investors begin to buy, since all the unfavorable economic information has already been taken into consideration by the market.
The second phase occurs when those who use technical methods for following trends join the game. Prices are already rapidly increasing, and economic information is becoming more and more optimistic. The tendency enters its third or final phase, when the general public comes into action, and the rush begins in the market, fueled by the media.
The newspapers write about the "the finest hour of the bulls," economic forecasts are filled with optimism, the number of speculation increases. And those informed investors who “have been accumulating” during the exit of the bear market, when no one wanted to buy, begin to “distribute”, that is, to sell, when everyone, on the contrary, is trying to buy.
BTG/USD; 2H; Bitfinex; 24.10. by @SupernovaEliteFormed rising traingle pattern,
there is volume on all rising impulses
inside the traingle. Need breakout
of R-resist. for confirmation,
good time for start of accumulating.
Do not forget about risk management!
Crude Oil For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are also near a very strong resistance level of 61.8%
BCPT Block Mason Credit ProtocolBCPTBTC in Binance
Moving in uptrend channel. Stoch RSI oversold D1. After BCPT touch support line market need to touch resistance line of channel. Now we are consolidation in triangle with potential break out resistance line.
25 October 2018
IDCM Exchange Listing
NEO/USD; 1D; Bitfinex; 23.10. by @SupernovaEliteLONG/MIDDLE TERM INVESTMENT:
Middle/Long term potential of NEO.
There is accumulation of positions
near bottom lvl on flat background.
There is opportunity to add NEO in
portfolio now or wait for confirmation -
breakthrough 1st target. Use targets
on the chart as middle/long term goals.
BTC/USD; 4H; Bitfinex; 23.10. by @SupernovaEliteNothing new after previous bullish impulse
price correcting. I think that we will see
the next rising impulse more probably
as classic theory of TA tells.
For continue rising movement we need
to see some rising candles which will break
6600 then 6800 and hold on this level -
it will be bullish indicators.
Do not trade flat, wait for clear impulse.
WAXMoving in flat two month. I add this coin in my portfolio until end of the year
Follow the news of these guys, custom WAX Blockchain will be released in Q4 2018. In the near future they will take part in conferences and maybe show and tell something new. Watch them.
WAX Team upcoming events
TwitchCon
October 28-29, 2018 | San Jose, CA
World Crypto Con
October 30-2, 2018 | Las Vegas, NV
iVentures
November 6-7, 2018 | Toronto, ON
Bitcoin Hello dear traders
After today's fall, we tested the 6300 zone and it looks like it will continue to move in a falling wedge formed from January - a reversal pattern. At the same time we are moving to the support line. Most likely after the test of this line we will fly up. I showed a long-term vision of bitcoin movement. There are many factors that talk about long-term growth, so fasten your seat belts and we are getting ready to stand on the runway.
On October 12, I will start my first webinar, where I will give my full vision of the situation on crypto market.
CADJPY Double Bottom, LONG opportunity.TECHNICAL ANALYSIS
After the previous Sell off, CADJPY has Double Bottomed around 85.600. So there is a opportunity to Long it.It has about 2000 pips profit potential.
First Target: 1000 pips.
Second Target: 1000 pips.
INDICATORS USED
1. MACD
2. RSI
3. SMA
Thank's for your support
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USDCHF Bearish Bat Pattern TECHNICAL ANALYSIS
Here's an opportunity to short USDCHF. Bearish Bat Pattern is in the right keg of it's completion.It has 750 pips profit potential.Good Luck
INDICATORS USED
1. MACD
2. RSI
3. SMA
Thank's for your Support.
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Raiden NetworkRDNBTC Moving in triangle and want to break out resistance line. Stoch RSI - Oversold.
This coin I have in my portfolio. I see potential for further growth and by the end of the year I believe that we can see at least + 100% (This is just 23.8% level fibonacci from the whole movement). Market Cap $27 772 094 USD. Rank 161
Because Raiden Network enables off-chain scaling solution that hopes to enable fast, low-fee and scalable payment on the Ethereum blockchain. Developers are actively working on the project and provide weekly reports, here is the last one www.reddit.com
Activity in the test network is very high. I think in the end of the year we will see solutions for the scalability of the Ethereum network, and Raiden will do they job.
We are at the bottom, this is a zone of accumulation of this coin, and as you know, after the accumulation there is always price growing. For this fasten your seat belts, you're on the runway!
BTCUSD Long signalTECHNICAL ANALYSIS
Hey guys whats up! Here's a very big opportunity to buy BTCUSD and stay for long.It was under correction since the beginning of these year. Now it's the right time to Long it and be patient..I am expecting that BTC would reach 1 million by 2022. You will regret if you miss it, So don't miss it. Good Luck.
INDICATORS USED
1. MACD
2. RSI
3. SMA
Thanks for your Support.
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Stellar Lumen I have nothing bad against this coin, but I want to give a few arguments for my analysis. Firstly, for the future pump of all altcoins, judging from the past, there must be a bitcoin capitalization of more than 60% (now 52.3%)I have a question. how to make the domination more than now? Pick up Bitcoins from overbought coins and one such lumen stellar. The second is on the logistic curve we are in the upper zone of this curve. And everyone says that this coin is strong, it's a bad call . The third is the cyclical nature of the market.
Loopring LRC Binance
LRCBTC I like this project and it has a chance to become one of the leading decentralized exchange platform. A dozen projects have already integrated the Loopring protocol and more are expected to follow, which will create a network effect which will have a positive effect on the overall liquidity of the Loopring protocol.
This can attract new users and projects, as well as affect the price of the asset.
My recommendation add this coin in your portfolio and you can earn 100-300% until end of the year
Good luck dear traders
BCH/USD; 4H; 05.10 by @SupernovaEliteIf we looking for local situation
from 25 Sep. we see formed
continuation pattern. For it
realisation we need breakout
r-pattern resistance.
Other permisses for long position:
Price now consolidating near
MA 100,200 on background local
rising trend; price is above
support zone.
Do not forget about SL!
BTCUSD Types of false breakdownsFALSE BREAKOUTS, BULLISH AND BEARISH TRAPS
FALSE LEVELS BREAKOUT: TRADE, KINDS, PATTERNS
Trading strategies using key support / resistance levels are among the most popular and often used in trading practice by most traders. However, behind the seeming simplicity of the trade of the rebound from levels, and their breakdown lies a lot of nuances, which are often the cause of an unsuccessful trade deal. One of them is a false breakdown of levels, which cannot be identified correctly identify on the chart by all traders. It is the trade of false breakdowns that leads in most cases to incorrect entry into the market.
To minimize the risk of trading levels, let us study the concept of "false level breakdown", the logic of their formation, types and how to avoid mistakes in trading levels.
So, a false breakdown is a situation where the price of the traded asset breaks the level, but it cannot gain a foothold above or below it and comes back. Schematically, this pattern and pattern are shown below.
They are often called “bullish or bearish trap” in literature. You can come across them quite often in the upward and downward tendency, in consolidation, in figures of the graphic analysis on statistic and dynamic (movings) level.
LOGIC OF FORMING FALSE BREAKDOWN
At the heart of this price behavior there are two mechanisms.
1.The lack of demand or supply on the market.
In this case, the price is actively moving to an important price level, but as we approach it, the size of bars (candles) begins to decrease, and volumes - begin to decline. This means that at these levels, the demand for the asset falls sharply due to a decrease in the volume of the traded asset or unwillingness of traders to buy / sell the asset at a too high / low price. And the output of prices beyond the important level (false breakdown) has no chance of continuation. In this situation, most often the market goes into a flat state.
2. Getting the position by a marketmaker / specialist due to small traders.
As you know, when the price moves up / down, the marketmaker takes the opposite position, that is, he provides liquidity to the asset. When the important price level is reached, the activity of the participants decreases and the demand / supply falls. The marketmaker, in order to close its existing position and turn, needs to collect an asset at the prevailing price. Not being able to place his applications for the purchase / sale of an asset at one time, he performs manipulations (actions contrary to his intentions), provoking the “crowd” to sell / buy a trading instrument, that is, create additional supply / demand in this area. For this, he makes a false move beyond the boundaries of the resistance / support zone and most small traders, following the logic, buy / sell an asset to a marketmaker. Having gained a necessary volume and closed the current position, the maketmaker starts moving to the opposite side, and the crows loses money. It is a false breakdown, most often used by a marketmaker for these purposes. In this variant, the price is suitable and breaks the level with large-size bars and high volumes, but after the breakdown volumes fall sharply. This indicates the activity of market participants and requires knowledge of patterns for identifying false moving.
TYPES AND VARIANTS OF FALSE BREAKOUT
False breakout patterns can be different: single (puncture), double or multibar (tampering).
Instant breakdown - the price makes a sharp move out of the channel by one bar / candle (puncture) and comes back, while the bar / candle closes below the resistance level and above the support level. Such a candle should have a high volume and a long upper shadow (pin bar).
Breakdown of the level by two bars with the closing of the first step above the resistance level (fastening above the level), and the second - its return and closing under the support level and, conversely, for the support level. It is very important here that the volume of the candle return is greater than the volume of the candle penetration.
Breakdown of the level with subsequent tampering over / under it (trade in a narrow range), return back. Here, the largest volume should have a candle breaking through the level and a return candle.
On the chart, it looks like this:
TRADING OF FALSE BREAKDOWNS:
It is impossible to formalize all the rules for trading a false breakdown in a short article, but only the most important ones. First, the trading algorithm:
•Never enter the market until the breakdown candle is completely formed (closed), ideally - it is not worth to enter the market at all in general. The beginning traders do this mistakenly as they emotionally react to the breakdown and are afraid to miss the move. It is necessary to make a decision after the formation of the next or several subsequent candles, depending on the type of the forming breakout pattern and the market context. Many traders take the sharply increased volume for a breakdown candle as a basis. But the reason for this phenomenon can be not only the entrance of new buyers, but also the banal demolition of stops, which is especially common in the breakdown of levels (boundaries) of price channels. Below is a schematic diagram of the algorithm for entering the market after the completion of the formation of false breakdown patterns.
• after breaking through a strong level, carefully analyze the forming patterns, among them, often form reversal, which can tell you a lot about the current situation. The figure below, as an example, shows the situation on the chart with a false breakdown and several signals for a spread
Always be very attentive: if the price matches the strong level the marketmaker will probably provoke the next false breakdown. And do not forget that level breakdowns including the false ones often happen as a result of strong news. And the last one, some traders avoid trading of such moves. This is completely in vain, since the trader loses the chance to enter into a deal at the best price with a small stop which allows to reduce the risk and easier to keep an open trading position.