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GMT

GMT has a price adjustment but has collected a lot of 1D energyHello everyone, let's take a look at the 1D GMT to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 3.12, if the support breaks, the next one is SL2 - $ 2.45. It is worth choosing at least one stop loss. Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 3.43, if you can break it, the next resistance will be T2 - $ 3.60 and T3 - $ 3.74 and T4 - $ 3.89. Looking at the CHOP indicator, we can see that on the 1D m interval, we have a lot of energy for the next move, while the MACD indicator shows a downward trend because the blue line is below the red one.
by cryptodailyuk
1
📈FTM: when to open a trade? Is sl collection still possible?📈Fantom(FTM), we have to wait for the RIGHT setup or pattern to open a trade to earn +10%, 20%, 100%, and not mindlessly open trades and lose -2%, -5%, -10%. That's what I'll talk about in this idea. 🚩The key zones on the chart are: 🔶$0.564-0.686 - liquidity gap ⬜$1.15-1.50 - huge value zone ⬜$1.98 -2.45 - value zone The price touched the liquidity gap , and since there are no buyers or sellers there , the price quickly bounced off that area. To open a long it is necessary to wait for the collection of stop-losses, the whales manipulation, of course, with the growth of volumes on the indicator. That' s why local collection of traders' stop-losses below the level of $0.66 is still possible. After that it is possible to open long trades❗ 📍The trendline. When the price touches the global trend line, it is necessary to pay attention to the squeeze. The squeeze shows the willingness of traders to buy and a possible break up soon. You can see manipulation and local stop loss collections sometimes, but the squeeze is one of the most successful and simple strategy I use . 🎯Targets. The first target will be the value zone of $1.15-1.50. If Bitcoin and the entire crypto market will be in uptrend, the price have the chance to reach the second value zone of $1.98 -2.45. Every crypto (BTC or alts) is unique. Fantom, for example, grows very fast, pumping by 10-20%, so don't miss the entry point😉 🎥You have to wait for the right set-up on the chart, not to trade everything you see. Check out my yesterday video review on Bitcoin, it's relevant to all cryptocurrencies!
F
by Yuriy_Bishko
2
$GMT may go to 2$ soon. Watch out!!$GMT TRADE SIGNAL FOR THE WEEK - SELL BUY SELL GMT recently made a new all time high @$4.17. Breaking the previous high @$3.85. Price then created a double top on the 4hr, lower highs on the oscillator and fell hard from there. Similar scenario to $APE So now, what are we expecting?? If you said a pullback then you are correct! Friends Before we get one, I personally would like to see price tap our demand zone. I will be looking to go long around that zone especially after seeing lower time frame bullish confirmations and watch price trade above $3.13. A good 10-15% bullish run to 3.50 would be a nice play and I would not hesitate to take most or all profits at that level because we may see a run down to 2$ based off our knowledge on fibonacci retracements. On seeing bearish confirmations, I may take profits on buys and hop into sells after the pull back is completed. Wish us a successful trading week ahead. #$KC #Meekhill #Meekhillacademy #RICHMMDT
Long
by RICHMMDT
12
🎯BTC: Real Life wedge trading! Tutorial for traders!🌟 The picture of the wedge pattern is beautiful, but you have to understand how to trade in Real Life! In this idea I will try to teach you how to enter the trade and what to look for. The descending wedge is a bullish pattern. On the chart you can see how it works on Bitcoin. Over the past year, it has worked well in 3 out of 3 trades. 🎓What is the wedge? Wedge is the price consolidation in downtrend or uptrend. So if it`s UPTREND, the price making higher highs and higher lows. The whales in this case sell higher and higher. Ascending (uptrend) wedge is bearish pattern. So If it`s downtrend the price making lower highs and lower lows. The big players try to hunt trader stop losses to get the liquidity for their LONG positions. 🚩Let`s start from the May-July 2021 wedge! In addition to the descending wedge, there are several triggers to open a long: 1. false breakout (liquidity collection) of the $30K key level. A lot of stop losses were collected, a lot of traders were liquidated. The whales were happy. Additionally, pay attention to volumes as well as liquidation volumes. 2. squeeze under the upper boundary of the wedge and test it as support. Here you can open a trade during the squeeze under the trendline and after test it as support. It`s better to check at lower timeframe. All this added up to a long two-month consolidation with stops losses hunting and Bitcoin DUMP by 50-55%. Many traders simply lost faith and closed positions at a loss. The price rose by 50-60%, but if you had closed the trade on the next Dump, you would have a profit at least +30-35%. 🚩Next is the Sep 2021 wedge! In this case we didn't see big liquidations, the whales had enough liquidity, and everyone who shorted on this 23% drop became the fuel🔥 for further growth. Additional triggers: 1. a trend change. The price trend changed from a downtrend to a small consolidation and then started to create higher highs and lows. 2. squeezing under the local trend line on lower timeframes. If you switch to the 1 hour timeframe this is clearly visible. 3. test of the global and local trend line as support and growth without pullbacks (strength of the bulls). We close the deal as soon as the target is reached. If you continued to hold the trade for more than 10 days, the profit would be at least +30%. 🚩 Will the fourth wedge break up(4/4)? During this Apr 2021 wedge, we have not seen the huge liquidations yet. Also, we haven't seen bullish strength, squeezes under trend lines or levels. Therefore, we should wait for our entry point and don`t open trades without the confirmation of the trading strategy. I'll share with you my local ideas later. 🌐Globally, the market has been in a $30-67k consolidation for more than 1.5 years. Sooner or later the price will choose the trend and maybe even in the next few weeks. 🔥Trading is the combination of trading tools, using filters and non-standard methods, which I try to explain in my training ideas. Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
13
Are You Rdy GMT DOWN>?👌👌👍👍Well, now it's time to analyze the desired currency code for you and explain the reason for the decline. First, we are witnessing a high divergence and it should take a downward trend. Second, from the point of view of Elliott waves, it must complete its waves and take a downward trend, and the beginning of the waves is ready to work. The third has reached the top of the ascending channel and must return. The fourth trading volume has come down. Your friend Manouchehr Azar
Short
by ManochehrAzar