Longentry
$0.13!!!! WHAT A GOOD DOGDoge is projecting a channel intersection currently residing around 13 cents.
All short entries below 10 cents are now void and no longer of interest.
im at work right now. will do a more in depth analysis tonight.
Once we enter above .08 we are in a highly volatile area. trade with caution.
good boy!
GBPUSD/1WIt's important to wait for best entry. we have a strong resistance above the price and support line behind it. if price will be able to break 1st resistance line completely with perfect candle above it then price will grow to the 2nd resistance line as ya see.
for long position I prefer to watch the behavior of the price between its up trend and down trend lines. break through upward and standing tall with good candle has a new approach for price and break through downward has a another way but I think price will break its resistance and going to touch the 2nd resistance.
WE WILL SEE!
New All Time High? 💥 We are ready! The crypto community is ready! The whales are ready!
But not so fast. This doesn't mean the bulls are ready to take on to new all-time highs. Before Ethereum is poised to set out to new highs, we need to complete the current correction pattern. As long es we don't see prices dropping to at least $288, the light for another Rallye will not turn green just yet. This correction is absolutely crucial for further upward movements. We highlighted the potential turnaround zone in yellow. We are looking to build up long term trades in this region. To continue the journey to $288, the bears need to stay below the red line at $450.70. If the correction pattern of wave 2 in blue is properly completed, the way for another impulse is paved.
The next weeks will be exciting! Stay tuned for further updates!
Discussions Welcome, happy trading!
Next Wave: Waiting for NZDUSD to RetraceLots of people seem to lack the patience to wait for the next wave in terms of continued bullish correlations. I been consistently shortening and trying to get back the dips, not being able to keep up with the market patterns in which you have seen overarching growth the past few days in general. Right now, I think as a hold, this may have a decent positive retracement swing, and seeing how profitable it seemed, looks like the next pattern is close to being ready. As always, keep in mind everything I say is on an opinion based basis. Please proceed at your own risk and do your own due diligence.
Tradable dead cat bounce soon?Bitcoin is falling within a pattern that suggests a rise is coming soon, which in my opinion will probably be just a dead cat bounce before a continued correction. But for the moment we are close to the support of this pattern, that could be a wonderful entry for a short-term long position (if we actually reach the support line), seeing how this pattern is pretty mature and confirmed by now and the target for the breakout is about a thousand dollars above the current price..
Potential ABCD Pattern, entry during formation!FOREXCOM:NZDUSD
The pattern is not confirmed yet, however, I've decided to take a long entry on the price way up to point D, by this moment everything seems to be fine.
> Here are some important points:
- Market Main Trend: Downtrend
- Market Current Condition: 4Hrs Chart is making a correction.
- RSI and Stochastic Oscillator: 4 Hrs Chart are pointing up.
> Entry setup:
- Entry Point: 0.65122
- Stop Loss: 0.65062
- Take a Profit: 0.65317
Why am I getting out at 0.65317?
The chart pattern is not complete yet, at this point will be the 0.5 Fibonacci level which I think is pretty secure, considering the Bat Pattern could take place, this will be the key point.
It will be a good amount of pips 195 (profit) and only 60 pips (risk).
What do you guys think about this trade?
DASH riding an ascending channelBITTREX:DASHBTC
After testing the support level around the area 0.02054224, DASH created an ascending channel and now it's on the way to test resistance level, considering the price action and the oscillators, this might be a good place to go long.
www.cryptomacrotrends.com
The price correction is over, Bitcoin retakes the uptrend!COINBASE:BTCUSD
Around 24 hours ago Bitcoin's price re-test the support at level 4900 and it worked, now it appears that uptrend is back and we will be expecting to test the resistance level 5200.
During this process there is a great opportunity to go long, here is our trade idea, do you guys think it gets to the resistance level?
Will Bitcoin reach the top trend line of the channel?COINBASE:BTCUSD
There is minor resistance at 5355, however, there is minor support too at level 5215 which is supporting the most and biggest bullish swing. Would this support be able to stop the price correction this coin is doing?
If we are right, the price won't be able to penetrate Fibo level 0.38 and it will bounce directly to level 0 which is located a few pips below the top channel trend.
What do you think about this trade idea?
Will Litecoin respects the support level ?BINANCE:LTCBTC
Since March 19 Litecoin has been bouncing up and down in this support without breaking it and today it seems that we won't see any exception on this.
Candlesticks and oscillators are points positive to this, which let us a forecast for a Long Entry today. Please note the trade idea won't be effective if the price does not reach the entry point marked in the chart.
Pullback time for BTC? Trendline/Tenkin/MFILooks like a good time to pullback, maybe get a 6.9-7.1k Long entry if you're bullish, or to see it as a "rejection" if you're bearish. This has been the strongest 've seen BTC in awhile, but it's good to be cautious and not get caught up in the bull sentiment when grinding a long term resistance trendline. The Trendlines, Tenkin line, multiple MFI bear divs on the 4hr, and the Daily stoch RSI that's been planted to the top for days are all good reasons to think we might be due for a "cool off". If we decide to not pullback at all and break up to 7.5+ a decent target is 8k. Good to keep in mind we have 33k shorts as fuel.
Aussie demand area in fight or flight with CADAfter steep decline of AUD caused by US China trade wars...so they say ;-) AUD against CAD is once again in its comfortable place founding some support on levels around 0.96. I am going long on this one for some time since these emotional moves are quick and killing but that long lasting.
BTC: We Are All Saying 7800, But Here's A Case for 8000.An idea: Many times when there is a mass agreement being spoken about by everyone on an exact top or bottom (in this case we're all predicting 7800 for a strong bounce on a 618 fib level), market makers will surprise us by either pushing price below it or bouncing early. The 8000 level is at the bottom of a falling wedge and directly on a 10-month-old support line from July 2017 (I'll post a Daily chart soon showing the points the support line touches).
While 7800 is definitely still a good possibility, be careful not to get stuck on an idea just because everyone is talking about it; in a market that moves like this one, things don't always go exactly as planned. Just some food for thought, nothing to bank on 100%.