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TEZOS Rhymes With Bezos And Other Reasons To Look For Longs.I normally update Bitcoin, but there is NOTHING to say except that it's still gyrating near the low of the broader range, and we are still long while waiting for it to break higher. MEANWHILE, there has been some unusual and interesting movement in some of the alt coins which in a way reflects the speculative appetite of investors in this increasingly frothy environment. Alt coins have to be some of the highest risk instruments to invest in since they really have nothing to offer besides some kind of "concept". Yet, money flows into anything that can successfully hype its way into the spotlight. Is there any short term value in these things? Sure, wherever there is price momentum, there is opportunity and this is where technical analysis offers the best perspective. In today's video I will evaluate TEZOS and determine what kind of price behavior is reasonable to expect for the coming week. Usually when I get a question about one of these, it often comes AFTER the market has made it's move. Reasons for these things moving can range from some news about significant advances in the project to "Elon Musk tweeted about it". Either way, IF you are not in from earlier prices, then the next best thing to do is figure out where its inflection points are in order to ANTICIPATE a new potential opportunity. The objective is to isolate locations where reward/risk and probability are attractive RELATIVE to the RISK you are willing to take. If these ideas sound unusual, then you have no business risking real money in alt coins. Novice investors get wrapped up in a "good story" or hype because it offers the illusion of being "informed". The only information of actionable value that most of us have access to is on a chart ESPECIALLY when it comes to short term momentum strategies. So where are the inflection points on TEZOS? The 2.25 and 2.50 support levels offer historical and proportional areas to look for bullish price action (pin bar maybe?) in the coming week. There is also a minor support at 2.90, which price is testing at the moment without offering any signs of a long setup. The 3.35 area is the current resistance that is in play which is one reference point to measure when it comes to reward potential. The recent structure (since March) is bullish, which means it is reasonable to expect a higher high, so the question becomes WHERE should we take risk? In this situation, I would prefer to WAIT for a setup IF one develops around the mid to lower 2 area. That is where we can assume the least amount of risk relative to testing that 3.35 high area (IF it attempts to test that high). What I like most about this coin (besides the fact that it rhymes with Bezos), is that recent momentum is independent of Bitcoin. A change in this correlation can be related to new capital flowing into this market, and where there is new money, there is potential for it to outperform.
COINBASE:XTZUSD
by MarcPMarkets
3
USD/JPY - Great Opportunity To Buy The Dip!Hello Traders!, Today I've come across some short-term USD weakness which seems to be playing out as a bullish retracement for further impulses. In this instance I've located a great opportunity to buy the UJ pair with a great 50 PIP target. Lets see how it plays out! What Is The Market Telling Us? Market has reversed on previous bearish trend @ around the 106.600 level and has been trending upwards with higher lows We have had a clear break and retest of our initial support which was previously respected 14EMA sloping downwards which confirms our retracement phase, MAs are still showing bullish sentiment for the market environment When Should We Enter? Since we are already in a clear break and retest phase within the market, we should look to execute BUYS soon BUY as soon as we have a bullish closure above our initial support as it confirms support is holding
Long
by AI_Expert_Advisor
1
US1000 1072.1 +0.4% LONG IDEA Good Day Evryone Here's a look at the US100 index , the H&S setup didnt hold as we see the index continues hitting HH & HL we remain in an uptrend on the index so looking for longs from here we just hit a swing low so perfect time to look for entries on lower timeframes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD -DAY TRADE TARGET - 10952.2 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
ULong
by PULEMokhothu
Waiting for a rising bottomIn the 'coming bedtime for GBP' - related idea, I have expected an upside pressure which is here. 'Near the resistance' - idea, I forecasted a stop in the rising. EURGBP has been moving sideways from that time and the q. is what's next. Although it trades above wave B with five-wave impulse, but the structure seems complete, that's why I expect to see a declining correction which should be high low around 0.8925, on the other hand, if trade below 0.8860 then the 0.88 could serve a good support zone. Wait for the signs
by MoodandMarkets
EUR/USD - Continuation of Bullish MomentumHello Traders!, Markets are back open, Hoping we all had a great weekend of rest, relaxation and preparation for the week ahead of us, it seems that we'll still be riding the bulls this week against the USD, lets wait and see! What Is The Market Telling Us? Great bullish momentum in this market ever since 14th May, almost a whole month now! Price was previously rejected at weekly resistance, will anticipate another test of this level and determine where the trend goes 14EMA & 50SMA are repeating pattern of closing in together then repelling Higher lows continue to be broken and retested When Should We Enter? Looking for clear bullish patterns on lower timeframe Should look to BUY once a clear bullish candle closes above Support 1
Long
by AI_Expert_Advisor
Has #TECHM made first Higher Low? If so, big move ahead possibly - Huge Weekly Supporting Trendline - After Selling pressure, the stock entered consolidation zone. - Big volumes came in to this consolidation suggesting that it was accumulation. - Seems to have made the FIRST HIGHER LOW - Observing HIGHs & LOWs on lower Time Frame to time the Entry. - Any dip appears to be a BUY - Buying here could mean buying at the beginning of new Uptrend. - After Entry, you could consider trailing Stop Loss With EMAs (I use an EMA rainbow) on a smaller swing time frame (I trade 30 min). All the best!!
NSE:TECHMLong
by Satonomics
1ST - MACD TREND FOLLOWING STRATEGYQUESTION - WHAT ARE THE BEST FOREX TRADING STRATEGIES? 1ST - MACD TREND FOLLOWING STRATEGY Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. First, let’s visualize how an authentic swing point really looks on the MACD indicator: The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point. Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline. At this point, we really ignored the MACD histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear. But, at this point, we’re still not done with the MACD indicator, which brings us to the critical part of our MACD Trend Following Strategy. Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above). When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early. This is a clever way to filter out the false MACD signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other criteria such what this strategy tells you to do, you will find great trade entries on a consistent basis. Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low). Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager. You want to place your stop loss below the most recent low, like in the figure below. But make sure you add a buffer of 5-10 pips away from the low, to protect yourself from possible false breakouts. Did you notice? The MACD Trend Following Strategy triggered the buy signal right at the start of a new trend and what is most important the timing is more than perfection. We bought EUR/USD the same day the bullish divergence trend started. Now, what this has to do with the SL? Basically, a good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio. Step #5: Take Profit when the MACD crossover happens in the opposite direction of our entry. Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) produces signal line crossovers (the orange line) we want to close the position and take full profits. Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens. Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade. Conclusion: The MACD Trend Following Strategy is a very simple trend following strategy and yet a very profitable strategy at the same time. As the saying goes, “The trend is your friend” and no matter if you’re just starting as a Forex trader or you’re already an established trader life is much easier when trading in the direction of the line of least resistance rather than fighting the trend which is a loser’s game. The success behind the MACD Trend Following Strategy is derived from one simple principle: momentum precedes price.
Education
by Tradingstrategyguides
3
S&P BULLISH BIAS & CONTINUATIONThe TVC:SPX rose 3.2% last week finally closing above the last previous high at around 2940. This indicates to me that there are still a lot of buyers in the market, the likelihood is that price will continue to make gains in the following weeks. If there is a decline in price, a good buying area (depending on price action) to jump onto the trend will be around the 2800 region. My preference however is over the coming weeks too see if price is able to clear and retest the 3000 handle, if this becomes a reality this is where I will look to add some more positions.
TVC:SPXLong
by Too_Ray1
SPX: Bearish Butterfly Pattern Completing 3KDetails in chart. Huge FOMO rush to pile back in left a monster gap to fill 90 pips below. Another big gap at 2538.2 never filled. It will fill... Time cycles projected above, top-to-top time is ~ biweekly, 3-4 up days, 2-3 down days, 3-4 up days, ~ nine sessions. Trading >2SD above 20DMA, green line. This has been the magnet drawing price reversion to mean. Price will tag 20DMA! NB: 20DMA rests exactly at the gap from 2864...! Time cycle and price action suggests completion of the 'W' in Bearish Butterfly on or about 21 May, topping right at 3k. Rollover to a higher low IMO, target 2538 in early June. Time on target won't last long IMO, probably rest at higher low, double bottom for a few minutes and start another bullish move. Hope > Greed > Fear atm...! This is just an idea, not trading advice; trade at your own risk, GLTA!
TVC:SPXShort
by DaddySawbucks
26
Bitcoin bullish or Bearish?Hello, Ive been swing trading with high leverage as always and will post my trades below, but now is very important since we are coming up to a big move. Usually trading on the weekends trading volume is low and people take profit, yet we didn't see that and saw more push upwards pretty much creating a double top at 9014, yet whats next? Well going off what i see in the chart is weakness in the bulls not knowing if they should long atm as this morning we saw rise, yet with volume same as one hourly bull candle it took less to slam it down to the ground losing alot of last nights gains, yet still in profit. Right now if you going to go long you need wait to see a break of 8959 (around 9hrs or before), if it doesn't break that we break under the higher lows trend line as shown. It could have a retracement back to 8564 or even as low as 8196. Remeber with the halving the bottom has to double which the bottom is bewtween low 6k bear mim or in the 7k range. Right now price is well above bear mim for post halving. Watch for the pull backs and recommended to buy in the 7k range.
COINBASE:BTCUSDShort
by nathanielx9