48000$ per bitcoin or again a correction - only down to $20000?Hello dear friends - well, I can congratulate many of you who look after my trading ideas, make the right decision - and make money.
So - we took almost the entire fall from 34450 to 29000
Likewise - we took the whole growth from 30400 to 39500
13 day trading - 39706 profit
- 3190 - loss.
My previous idea was blocked due to the fact that I wrote the target ones from the messenger.
So, alas, I won't do that anymore.
At this time, I expect such an outcome of events ...
Blue arrows, good buy zones, red arrow - only if the 30700 level is broken on momentum. I want to warn you right away - the higher the price, the stronger the downward impulses will be. At the moment, the margin of the price of bitcoin is $ 3800. That means that positions (short long) will be closed in such a range. So, observe the discipline of correct trading, place a stop loss - as well as observe your risk and money management. Be flexible in trading - this is cryptocurrency trading.
For now, I will wait for the right moment for a short position (if it will definitely be).
Otherwise, I will trade the level breakout.
Level
Ripple - a bad coin they said, "Ripple" - sell quickly so as notHello dear friends.
I apologize for disappearing - I was banned for 1d for violating the rules of this platform - it's funny, but the fact remains.
Congratulations to everyone who, according to my previous trading idea, was buying, not selling.
Good growth, good profit and straight 100% stop of the price at the indicated level.
Sniper)))))
What's next???? - every fast growth has the function of making a correction - and ripple is no exception
Be attentive to the levels, look for any pattern for termination, revise your entry on all TFs, including the minute one - they will show you a lot.
Have a good time and profitable trades.
I also need to congratulate all those who used my Bitcoin trading idea.
GBP/USD - 4HR Structure!This is GBP/USD on the 4hr chart. In most recent price we can see we broke a key level yesterday and we can see price has revisited our level quickly after. The blue circle at the top indicates where trendline bounces and whole psychological levels can be used in harmony to take high probability entries! If you remember we posted GU analysis on the 15 minute timeframe and we showed you how to identify a triple top and combine it with our 1.37 level which would have made you lots of pips! The ascending channel (marked by our two black lines) has been identified on the Daily timeframe.
Happy Trading!
10 trading day: Profit - 22396 pips. Loss - 2640pips BTC/USDTHello dear friends, yesterday's recommendation for short worked, we took 3 targets, although 4 could have been taken, but I didn’t calculate a little that we made the second entry position higher - and only 90 points did not reach the last target. (as well as the sell was higher not from 32950 - but from 33050)
Now I am just looking at the position, but I think we will not have a breakout of the level again, and the price will be pulled down to update.
But you need to be extremely careful with the position.
Since there is a contraction to the upper rectangle (an important level from which the price was pushed.
But as I write this post, I decided to sell at 34450
Short: 34450
Targets:
33800 - 33120 - 32620 - 32090.
So,stop loss at 35050
(because there is no higher level)
9 trading day: Profit - 18196 pips. Loss - 2140pips BTC/USDT
Hello dear friends again.
The previous position was closed at a small loss of 200 points, as well as upon reaching the first target - 660 points.
The entire long was reached and all targets were closed (3416 points)
I open another short.
I know that the market is going up, they don’t want to drop the price lower and go for a correction, but any instrument needs to take profit.
I open a short position again from 33050
Target: 32290 - 31700 - 30950 - 30210
Stop loss yf 33350
I sell, because further correction is expected by at least 10%
Plus, we have too much growth without corrections.
I will not explain much, since the price has so far stopped at around 33,000.
LTC/USDT - Level breakout + ascending triangleHello dear friends.
We are now considering Litecoin.
I look forward to the breakout of the triangle and the trail, behind the head of cryptocurrencies, hikes to such values that I have indicated for you on the chart.
If we look at the older TF, then we can see how the LTC FORMS 2 BOTTOMS, and an inverted W-pattern. And I intend to update the nearest top - $ 350.
For those who do not want to invent anything, I have shown you two strong levels.
If the price is fixed or below it, then you already know to what goals to lower / raise the price.
at 2-4H TF - know which position to choose.
Observe your risk and money management - set stop loss for strong levels and get profit.
Have a great time and profitable trades.
Critical Level 29650 - BTC/USDTDear friends, I want to warn you right away that if I see a confirming factor for myself that tells me about the continued growth, I will close 2 short positions at a loss, and I will open a long position, until such price values as 30500 - 31430 - 32100 are updated. - 32800
As soon as the level of 29450 is broken and there is confirmation, I close the short position and open the river.
Observing risk and money management, as well as trading with stop loss - this river position, with an increased lot, will give its profit.
Only after confirming this level at 2h TF (29450)
Potential loss on 2 positions will be 660 ~ 760 points
I am for flexibility in trading.
Why did I decide to share this with you, because someone fixes their positions (profit) but for a complete unloading, he pushes the price up, observing the same proportions impulse 25% - correction 10% - impulse 25% and again from the beginning
Plus, judging by the counting, it will still break through this level, because now there is a rising wedge on the chart,
The profit for which is calculated from the beginning of spending.
It will be ~ 10%
This percentage will be from the price of 29650 to the level of 32950
ETH / USDT - 1H TF. Magnet level Dear friends, a little intraday for you.
The previous idea was reviewed at an older TF.
But if we evaluate the ETHER for 1-2 hours TF, then you can see how the price very often returned to the same level. Namely to 740-745
For the given time, the price is pulled in this direction.
But we also have a rising wedge, the price of the lower border is still trading.
Going beyond this border on the volume (or an impulse closing with a candle at 2h TF, will show you the price path.
You don't need to invent anything, just confirmation.
Since there is a possibility of growth, before the upgrade of the peaks, as well as up to 800-850 dollars for 1 ETH
We cannot ignore the moment that we have an upward trend.
Therefore, I am writing to you all the plans, if someone decided to take a position.
I still adhere to the fact that the price will fall, but the 745 level will show itself.
7 trading days: 1440pips lose, profit - 9650 pips BTC/USDTHello dear friends.
Thanks to each of you who support my trading ideas.
Thanks for the profit messages. I am pleased to know that you are earning with me.
And also those who read my comments under the latest trading ideas know that I warn in advance about any changes, both in price and trend, and reversal.
"Last comment under previous trading idea"
Dear friends, now on 4 and 6 hours TF (timeframe) we have formed - double tops.
I ask each of you to take no action yet, because:
- this is a false 2a peaks, too little time and distance between these peaks. (no specific set of liquidity)
-we have a strong uptrend.
-Secondly, the daily chart indicates a completely different breakout formation, as well as absorption on volume and without it.
Be careful if you want to break this pattern and enter a short position.
I will not do this, and I will not close a long position.
What do I expect now? this is a hike prices up to 29200-30000
- For those who know how to calculate a double bottom, nothing needs to be explained)
- Because we have strong levels, and while the price is above such a range of 27600-28000, we only have a long, if it is below this range by 2h TF, short.
All positions for these days, I will describe below, and if you intend to check this, study the comments ...
The last trading idea is 1900 points. (still in position)
All successful and profitable trades.
Happy New Year to you all
Planning a second attempt at GBPAUD as price recovers
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Gold Heading to $1738?My Personal Intuition:
It looks like gold has run out of steam to head to the next fibonacci extension level at 2.618, and is now hovering at 1.618. I believe if the covid-19 situation continues to improve, and markets become less risk-averse, we could be heading back down to the long term support level at 1.000, which is $1738.
Regarding the Fibonacci Extension Tool:
The level the price stops at will vary depending on the strength of the trend. Most often we see the price pause or reverse at 0.618 (weaker trend), 1.000 (solid trend), or 1.618 (strong trend). Once the reversal occurs we can then draw another Fibonacci extension, but we will keep the old one(s) on the chart as well, since down the road there are additional levels which can still be used such as the 2.000, 2.382, 2.618 and 3.000.
Using Traders Logic:
If we go by trading-logic, then we should trade with the trend, and go long on gold at this level. Shorting an up-trend is probabilistically a very bad idea.If gold heads up from 1.618, then we'd look at the higher levels of 2.000, 2.382, 2.618 and 3.000, which would indicate an extremely strong trend for gold.
Risk Warning:
P.S, this is the first time I'm applying Fibonacci Levels to XAUUSD, so take my analysis with a grain of salt. I discovered after reviewing my past trades that the following TA strategies are reliable, so I will endeavour to use them more for future analysis.
What Works:
1) Wedges, Triangles (break-up/down, violently)
2) Channels (break-up/down, violently)
3) Fibonacci Levels (pivot points, support/resistance)
What Doesn't Work:
1) Repeating Patterns / Fractals (you’re just seeing clouds)
2) Elliot Wave (gosh this is so hard)
3) Moon & 3 Cats (challenging to tell which scale-order the fractal exists)
BTC/USD - it's a trap!!Hello, traders!
In last week’s analysis, we ran through BTC’s potential Wyckoff distribution stage. Looking through the basics of Wyckoff market cycles while analyzing the potential cycle which is occurring, as demonstrated below. Showing that BTC could be potentially overbought. During this report it was stated that BTC could see an imminent drop, that BTC was showing signs of weakness – it would only be a matter of time until the BTC price fell from a cliff.
However, Bitcoin has had a surprising rally over the past few days, seeing BTC increase from just over $9000 USD pushing towards $10700 USD. This represented over a 10% gain over a 7 day period. Although is this push an exit plan for the larger players – allowing them to set up a trap? Or is it the start of a new BTC bullish trend?
We should note that the RSI is at an extremely high level, meaning that a small retracement is likely. If BTC can use the 20 MA (centerline) from the BB as support, allowing for the RSI to recover then this would point towards questions of the Wyckoff analysis indicating the LPSY too early. On the other hand, if BTC is not supported by the center line and proceeds to touch the lower band, then this would be a huge bearish indicator – suggesting that a major reversal from the previous uptrend from March is in place. Therefore maintaining the current Wyckoff analysis.
The first bullish target for BTC should have been $10250 USD. Which was broken above, invalidating the recent Wyckoff analysis? This represented a 6.25% gain.
The second bullish target is 10 750. A break above would represent over a 7% gain.
The first bearish target would be a break below $9000 USD. A break below this would represent a 6.25% loss, a drop here would majorly increase the likelihood of a major breakdown in price.
The second bearish target would be $8620 USD. A fall below this level would certify the new bearish price wave, representing a 24% loss from BTCs current position.
What do you think happens with BTC next? Share your thoughts in the comments!