I am seeing bullish indicators I haven't seen in years!Traders,
It has been an exciting couple of weeks in the crypto world. And the charts are showing me that 2024 will be the same. Long-term cup and handle patterns and inverse head and shoulder patterns confirm that 2024 will be the year of the bull! I'm going to touch on what I am seeing and review my altcoin trades and strategies based upon what I am seeing.
Longsetups
XAUUSD - MY VIEW 30 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Long Comp to $58Got stopped out of my last position in COMP due to a trailing stop. Not mad tho. Ended up with 21% profit in the pockets. I hate to be out of this trade esp. since the MM's have been moving everything up during off hours. This bull flag here looks primed and prepped. Additionally, we have a hammer candle on the daily. Entry was 43.73. I'll target 58. SL will be 39 but trail upon profit as always.
Not fin advice.
Best,
Stew
Matic seems bullishIts just my speculation But I am bullish on Matic. Just bounced back from a support zone.
HIMADRI SPECIALTY - WEEKLY CHARTIts looking bullish, waiting for the HIMADRI SPECIALTY - WEEKLY CHART - to correct and then give us long opportunities.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only.
BTC Long Setups for todayIts important for BTC to break and Gain the downtrend for further Bullish BTC and activation off Long trades on the lower timeframe.
Price broke a bearish structure, first sign of reversal to Longs. watch for the break for a second conformation so the long setups have a better probability.
No financial advice, just my idea about the Long setups for today. Goodluck.
TIME TO BUY ATOM CLOSING IN ON THE .886 With BTCs Correction still not complete I expect to see more ALT Blood .
We can see here with ATOM on the HTF we are trading inside the symmetrical triangle
and we have previously hit the .786 fib maybe 5 times and its done a great job for support .
This time round I would like to see it break and the PA to come outside of the triangle
down to the .886 FIB and then bounce back inside the range .
Set alerts for the downside and be sure to check BTC chart before jumping into any ALTS but
in my opinion I think this setup is the basis for a good plan .
Ensure to know your Invalidation and know where you are wrong
Like and follow for regular Setups
A nice long play in XRPI like to do this pitchforks in a way that are more accurate historically. as you can see the median line of this pitchfork is toching key levels of price. Price has some tendency to move in a constant slope and respects its past. So i think playing a long here after this last fall is going to be a nice one.
Do not forget to risk manage your trades.
A recommended setup:
Entry : 1.076 (now)
Stop : 0.9
TakeProfit: 1.88
Position Size: 25% of your entire trading account
Orn looking good ,boxes are my profit booking AreasOrn will easily 2x from here as per my analysis
Orn also have Mainnet Event on 30 Sep 2021
Delta Corp - getting ready for another jumpDelta Corp Ltd's price action is quite strong, it saw a good move and then consolidate for 3 days, and current levels are good levels to pyramid further.
If stock sustains 170 levels, it is probably moving towards 190 levels.
Refer to the linked post for detailed analysis
EURUSD LONG Another perfect entry on EURUSD in the NY session for 17th of may.
DXY is still weak and continues its descent this Monday starting in the London open with the EURUSD continuing its upwards trend.
In the NY session after a healthy correction to the 78.60% fib level (1.21350 psychological level), the EURUSD should continue its way up to 1.21700 level and to eventually surpass it. Seeing all this, I took a long entry from the 1.21350 level.
Let's see how this trade pans out.
What is your idea regarding this trade? Please comment in the comment section below.
THANK YOU FOR READING THIS.
THIS IS ONLY A TRADE IDEA. THIS IS NOT FINANCIAL ADVICE.
DO YOUR OWN RESEARCH.
ALWAYS USE GOOD RISK MANAGEMENT AND STOP LOSS.
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AUDUSD Pre-London Open AnalysisOverall trend bias- Bullish
We have 3 possible scenarios where price can take us.
Looking for long options on the 1H TF depending on price action.
Scenario 1- break--> Retest--> Long entry
Scenario 2- Rejection off support level --> Long entry
Scenario 3- Break below support--> retest of resistance to lower support--> Long entry
What do you think?
USoil To reach the 70 ? Good Day traders !!
During this analysis we can see that we retraced to the 0.382 after the last daily impulse and we expect the price to go to the upside and reach the 70 before any major retracement.
We have a nice setup for almost a 1/4 RR and we expect the market to complete this target since the environment of the market is still super bullish.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
NZDCAD 4HR/1D LONG SETUP Hi and welcome to yet another analysis on the 4 Hour and One day time frame! In this analysis I have many confluences which help lead to my final decision on this trade. Currently were still waiting for the actual entry on this trade but its coming up soon. We look for a strong confirmation of the Fibonacci zone. As you may notice there are 2 different Fibonacci's Retracements one for the daily time frame and one for the 4HR time frame. These help in confluence to explain the movement of price to the upside. Its a simple process to understand. Were identifying the trend and using price action to help make a final decision. Longer term trades are always better in my opinion because there higher amounts of pips and come with fewer losses if analyzed correctly. I was asked by a friend of mine to actually break this chart down to help other understand like him. So let me know if the comments below if this is a trade you will also take. I also welcome constructive criticism or any of your opinions. Always love to chat with fellow traders.