KEYBTC - LONG - Possible Edge to Edge tradeWe are looking at KEY, with a nice consolidation above the Tenkan in the 12H chart, it looks like its setting itself up for an Edge to Edge trade. This position may last about 2 - 3 weeks for the whole thing to play out, but we will be setting some short term targets, and after that we can just adjust the stop-loss and let the rest of the position ride.
Entries: 0.00000090 - 0.00000094
Target 1: 0.000000103
Target 2: 0.000000115
Stop Loss: 0.00000086
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Ichimokuindicator
Strong Demand zone, can gold stand?I am not sure the Fed Monetary Policy Report.
But all we know that the XAU/USD has been beaten.
The current price action from 5 mins chart formed a triangle pattern.
To go LONG, we need to see a breakout from 1244.
Please note Ichimoku indicators parameter changed into 72, 144, 288 for 5 mins chart trading.
BAT Price analysisIn the descending channel the price is in it looks as if the price has respected the .236 fib level quite well.
The stochastic RSI and the RVI have both reached good levels of support and a bull cross in the short term could mean some upwards price action within the channels plotted boundaries.
Although, I do not think the stochastic RSI will break previous levels acting as resistance due to the bearish conditions seen on the ADX.
Get your Guns, Its *ALMOST Turkey Shootin' SeasonHello to anyone who might be reading this! Going to be writing more of these as a personal practice and reference so that I can become a more thoughtful trader of coins. If this gives you a thought, great! But this is not investing advice
We have various buy signals on a dipping Ethereum. Let us remind ourselves that there are MANY other ERC-20 coins that have promise (ex: 0x, REP, OMG) and all of them still depend on the success of ETH which gives ETH validation that it is going nowhere for some time.
With that being said then, where's the lowest price we can get into this damn thing?
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TECHNICALS
-RSI downward trend just breached the lower margin
-Stochastic just breached the lower margin twice forming a "w"
-"Natural" ABCD fall is currently setup perfectly for the first and second Elliott Wave
-"Fibinoci Rebuy Zone" of 61.8% to 78.6% resistances
ICHIMOKU's
-Chikou (Lagging span) just crossed the Tenkan-sen (Blue) and the Kijun-sen (Red) but had a sharp spike up so keep your eye on this to see if it follows upwards with the Kijun-en.
-Price action is finding resistance on the lower margin of the the ichimoku cloud on Span B.
Note:
Most likely to continue downward as BTCUSD also takes a last correction dip before heading to 3rd Elliott Wave. According to a few other posts, this exact day might be on the "6th" due to historical patterns.
Buy: Below 520
Sell Half for profit: 900
BTCUSD - trend analysisJust like everybody else in this market, I'l also looking at this chart and trying to piece things together..
I'm using some different settings and ideas to see if anything makes sense, of course anything can happen so we just need to responsible for our decisions during the current state of the market (if we decide to participate)
The yellow region is a price trend projection I have set up from last year (without the bullrun we experienced), I know the region is wide; but it is what is it..
it appears to be acting as a support now; of course this just might be a coincidence at best, however I think it's worth keeping in mind
The blue box region is the price where I personally think we might drop to if the current downward trendline holds and pushes the price further down
Generally I am bullish on crypto as a whole in the long run;
I noted down also the g20 meets as definitely the 3rd meet in particular, which will have updates regarding the regulation of cryptos..
We are definitely reaching a point where we will see a shift in the market, whatever that might mean..
Monaco possible edge-to-edge cloud tradeCurrently breaking out of the ascending triangle on the daily chart. As we break out of it we will be looking for a close inside the Ichimoku cloud which opens an opportunity for an edge-to-edge trade.
Since the daily Kijun line usually represents a strong support/resistance, I will be looking for a close above the Kijun for confirmation before entering the trade.
If we enter the trade we will be looking for a close near the top of the cloud.
Crude Oil is getting smashed under King Kong's FistDear TradingView-Community,
the headline gives it away what we expect for the upcoming weeks but if you wonder what King Kong's Fist means and and how one can smash Crude oil with it, then continue reading.
With that in mind we want to welcome you to our very first analysis on TradingView. As a new member to the community we feel obliged to introduce ourselves with a smashing (hint) trade.
Crude Oil meets King Kong
Well, obviously we won't tell you a story about Apes now and we apologise for any disappointment but King Kong is the name of a chart pattern we use to draw attention to it.
We got yours, so we won't keep you on tenterhooks ...
As you can see we are working with the Ichimoku Kinko Hyo Indicator, which proofed incredible profitabel to us in the past. Used correctly it is a strong tool. As there a various patterns and ways of using the indicator we came up with our own, individual names for certain models (hence King Kong) to make it more clear with what strength of signal we are dealing with.
In this case we are having one of the stronger SELL signals, pointing direction $39.00 as a target. King Kong's Fist is basically a pattern where the price dips through the cloud and finds its way back up into the cloud, leading to a compression of candles within a few days. If you have a look at the chart you can see the strong bull candle, just a day after the price dipped through the cloud - basically a bull trap. in the following days the price went more or less sideways, compressing to a "fist".
Think of yourself: When do you clench a fist? Correct, when you are angry. Letting that fist go releases some energy and that is exactly what we are expecting to see within the next few weeks.
As an aggressive stop you could choose $48.55 or above - if you prefer a more conservative approach $51.00 will do for you.
One last note before we come to an end regarding conflict of interest: We have opened a short position based on the above analysis ourselves, following the more conservative model.
We hope to welcome you to more analyses in the future. Likes and comments are always welcome!
$JOY Potential Continuation Long
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- Market Internals today 07/18 are calling for a continuation of bullish action tomorrow morning.
- That being said, market internals can quickly change, i.e. the S&P 500 starts to trade below its 100 SMA and the Breadth Ratio reverses to show bearish sentiment.
- If tomorrow we see a continuation of the bullish market internals, then look for a potential retracement of $JOY to the Kijun-Sen or the 20-period SMA for a good risk/reward potential back to the prior highs.