SHORT LINK, HIGH REASONING, SHORT-MID TERMTP: Last≤10.560
SL: Last≥11.820
Maybe you could let half of your TP run farther, as the price goes down.
Highleverage
$XRP impulse is holding for now, bullish ST, HL long opportunityDisclaimer: This is not financial advice. High leverage trading is about entries, you need to have patience and not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. My aim is to capture quick & safe profits, not to predict the future, this is possible only by planning ahead and waiting for a good entry. If you're nervous and itching to open a position then take a few deep breaths and don't trade.
$XRP is stuck in a range right above the .5 fib level, the impulse that started after the crash in March seems to be holding up for now. Should we lose 0.22 on the daily then the impulse scenario would be invalidated. Short term another leg up is in the cards, targeting $.32.
High leverage long set up:
Entry: 0.25-0.22, the closer to 0.22 the better
SL: 0.22
TP1: .32
TP2: .5
Live trade set up for ETH: SHORT to 320Disclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Same with ETH, we are approaching an area where price will face headwinds. Perfect for a high leverage short.
Entry: 368-370 (NOW) SL: 375 TP1: 334 TP2: 310
Are you trading SUSHI? Testing critical resistance againDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
A lot of drama surrounds sushi, but we don't trade drama, we trade the chart. When trading in days like these it's crucial to keep in mind the macro market conditions. I haven't made new posts about majors yet but we seem to have put a top for a while in most coins. Bear that in mind when you trade. Looking at sushi, it is following a pattern we see very often in crypto, a pennant that breaks one way only to break out definitively in the opposite direction. There was a bullish pennant in formation in sushi which broke out yesterday. We seem to be headed for higher highs. I've been watching this coin for a while so I do not recommend buying here. If you missed out what you can do instead is wait for a high leverage short. A good entry for high leverage shorts would be the 4.1-4.4 area. We are currently testing an important resistance, at 3, which should be broken this time after several failed attempts yesterday.
Entry: 4-4.4 SL: 4.4 TP1: 3.4 TP2: 2.2
ETH is in a range and approaching a HL short entry areaDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Eth is ranging right now between 370 and 440. We are currently about to enter a resistance area which is great entry for high leverage shorts.
Entry: 427-440 SL: 450 TP1: 375 TP2: 333
Current LINK rally should be traded as a bull trap, B waveDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Ok guys, yesterday I posted a short about link where we got stopped out. My short was based on a count where the triangle seemed to be wave B of the ABC correction. That count has been invalidated today by the break upward. Worth noting here that the link's lowest point in this correction was indeed 12.78, which is very close to wave 4 and ABC corrections generally end around the level of wave 4 of inferior degree. So then why am I bearish on LINK regardless of this? I'm bearish because of the massive triangle formation, triangles generally act as either wave B or as extensions within a bigger wave. In this case, if 19.9 marked the end of wave 5 then this triangle can only be an extension of wave A and the break outwards we saw today is indeed wave B. B waves are tricky and very difficult to trade, they are also known as the bull trap wave, accompanied by the euphoria of complacent/passive traders like hodlers. The flood in "you were WRONG" comments in my previous post is a text book example of this uneducated euphoria of passive traders that generally manifests itself during a B wave. Technically speaking though B waves are weak, for example yesterday we broke out of a triangle but during a normal break out there is a spike in volume. But yesterday, for example, we broke out on low volume. Because of these reasons I believe this is ultimately a B wave aka a bull trap and a C wave is coming, Cs almost always fully retrace Bs. This count is invalidated if the price makes a new ATH.
So where do we look for a short entry? $17 was a good entry earlier today, I have a trade open there with SL 17.6. The entry for my next high leverage short should the current one also be stopped out will be anywhere between 18-18.3, with SL 18.3.
High leverage short Entry: 17-18.3. SL: 18.4 TP1: 12.9 TP2: 11.91
Happy Trading
YFI seems exhausted, likely next target 14.5k before new highsDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
A lot of buzz been surrounding YFI recently, I never liked the fundamentals of this coin. However, who cares about fundamentals when we can buy low and sell high? So right now I see a healthy bullish cycle which seems about ready to start with its corrective phase. The target of the correction is a round 14k, which is also where I might be looking for longs (depends of course how we get there). So the high leverage trade idea short term is a short . The following set up is backed by EW count too.
Entry: 18-19k SL: 19k TP1: 14k
OMG is overbought, short term correction paves the way to shortsDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
OMG has done a lot, aside from the significant rally since March it also broke out of a 3 year bearish channel entering price discovery. Anything can happen here however we as traders have to look for cues to assess risk and identify opportunities where to position ourselves. 9.3 was a clear short opportunity, now we are pretty much in no man's land. I do have a bearish bias though for a few simple reasons. First of all we are still very close to the 9.3 resistance so RR favors bears, then indicators show that we are in deep overbought territory while the multi year upper trendline of the bearish channel still hasn't been retested. I believe a retest, even shallow, is in the cards. We could see 1.4-1.5 in the mid term. In the meantime however we are probably either going sideways or moving slowly/quickly lower. Sideways is a risk for those looking to open high leverage shorts so to handle this we try to identify the limits of a potential channel and based on that spot entries for high leverage shorts and longs. It is worth noting that a bullish retest of the 6.72 area seems to be failing so this area remains resistance and creates an important shorting opportunity:
Entry: 6.75-6.87 SL:7 TP1: 4.74 TP2: 3.87 TP3: 2.7
ETH 130% profit long opportunity for high leveraged tradersDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Ethereum: there is a bearish divergence on the daily and a weekly candle that looks really ugly right now should the week close around here, however we are also very close to an important weekly support area (370s). This is where I see a huge long opportunity that could eventually double our investment (don't exaggerate with size or you won't be able to exit). High leverage traders need to act fast and I mean fast as hell, seeing things is one thing acting on them takes skill. The crucial move here is to manage to enter a good long in the support area, as close to 370 as possible depending on how aggressive you want to be with leverage. The more leverage you use the lower you should place your bid. From here then I'm expecting a bounce back to at least $400 first and $430 (retest of broken daily trendline) next.
Entry: 370-375 SL: 362 TP1: 400 TP2: 430
BTC double zig zag formation put next target to 11.1 - HL SHORT Disclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
BTC's correction after the breakout to 12.5k doesn't seem to be over yet, instead of a simple ABC it seems to extend further towards a double zig zag figure. This means that, unless the figure is invalidated, we are headed for lower (lower than 11.1k). Other cues supporting such scenario include the fact that we also just broke daily support (dotted trendline in the chart) it is going to cut deeper than 11.2k (based on the properties of double zigzags). Ideal entry would be a retest of the lower trendline of the hourly channel marked in grey.
Entry: 11.7k-11712 TP1: 11.1k TP2:10.6k
DOT: An important bullish channel is formingDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Polkadot is new so really difficult to do TA here, however we seem to be in an uptrend and a strong impulse wave originated at 2.77. We might have completed wave 1 and 2 (ABC correction) so far, and seem to be getting ready for wave 3. As we know wave 3 is the longest wave so probably the best is yet to come for bulls. Considering that we are close the lower line of the channel I'm a high leverage buyer here targeting $5.
Entry: 3.92 SL: 3.7 TP1: 4.5 TP2: 5.5
As long as BCH remains under 291 we are looking for HL shortsDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Bitcoin Cash looks weak here. We could be forming a giant bull flag that will take a while to break upwards but in the meantime we have broken 2 important weekly pivots so as long as we remain under 291 I'm looking for high leverage shorts. Price reacted to daily support area around 274-278 which is a good sign for bulls however I'm not confident enough to be looking for longs here because downward pressure is stronger right now. Therefore we wait for a retest of 291 or we short a retest of the 274 area should the price break down further.
Entry: 291 SL: 296 TP1: 275 TP2: 260 TP3: 244
ATOM: Bullish short term, waiting $10 for a high leverage shortDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
I'm looking at ATOM this afternoon, and I have to say this impulse doesn't seem to be over yet so I wouldn't short it here. There is a strong resistance at $9.3 however that should create some headwings and trigger at least a shallow correction back to 7. Overall ATOM looks healthy, it broke the Jun '19-Feb '20 downtrend line and is now on its way to retesting the Sep '19-Feb '20 uptrend line which was broken in February. It is this area that I expect to act as strong resistance, so it is here that I'm looking for a high leveraged short.
Entry: 9.4-9.6 SL: 10 TP1: 7.6 TP2: 6.38 TP3: 5.36
SXP: waiting for a stronger bounce to shortDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
SXP is a bit in nobody's land, it found some support around 2.27 but don't let that fool you because we lost an important level the past couple of days ($3) and overall the momentum is quite bearish. So is there any opportunity for HLTs? Right now, no sadly. However I see a good potential setup should we retest $3, the area 2.85-3.09 is great if you are looking for entries for a high leverage short with target the lower part of the range around 2.5.
Entry: 2.85-3 SL: 3.08 TP1: 2.5 TP2: 2.28
The BAND party may not be over yet, but for now it's a shortDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
I'm looking at BAND again tonight, I have been bearish on this for a while now and we finally broke down a range where it had been stuck for almost 2 weeks. This 12.2-14.8 range is an important supply area that I don't think we will overcome soon. I think a retest of 12 is likely which would make for some great high leverage shorts. I do not trade the news, I trade the chart. As traders we cannot afford to trade rumors and the chart tells us that right now this is a short with target $7 (which should provide some support) and eventually 4.56 (the upper limit of the previous range). Why isn't the party over yet? Because a wave count suggests we might have just completed a wave 3, this confirms our short term bearish bias but leaves the door open for another ATH as wave 5. Beware though that a truncated wave 5 (very common in crypto, especially after strong pumps) would create a strong reversal signal.
Entry: 10-11 SL: 12 TP1: 7 TP2: 4.6
Bulls should to take control of LINK for the next 24-48hDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Yesterday we were short LINK with TP1 14 (Tradingview removed my analysis because it turns out I had broken some house rules), now 14 is holding quite well so far and after today I expect this area to hold short term. Not just that, LINK could very well form a range here between 12 and 17. Anywhere between 14 and 12 is a longs' area, the lower 12.xx is perfect for high leverage longs targeting 14, 16 and 17. I wouldn't short here and would be looking to take profit on any open shorts if I haven't yet. We are looking for longs .
Entry: 12-14 (the closer to 12 the higher the leverage you can use) SL: 12 TP1: 16 TP2: 17
BTC 120% profit opportunity for high leverage tradersDisclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
A lot is going on with BTC right now and the chart shows it. A test of the 12k resistance area seems to have failed, at least in the short term, but Bitcoin doesn't give up that easy and overall indicators show that the momentum is still there. I wouldn't open any shorts here but would rather look for entries for a high leverage long. As we go lower a test of support at 11100 seems likely. This is a high confluence area where we could see an important bounce towards 13k or at least 12k, so I'm eyeing this level for a high leverage long position (10x-50x).
Entry 11-11.1k, SL: 11k, TP1: 12k, TP2: 12.8k
