MBA
USD/CHF Potential ShortUSD/CHF has hit a strong resistance which intersects with the current downtrend. I am looking for a short position here with a tight stop loss
BCH/BTC Double Bottom on the 1 hr and break in downtrendDouble Bottom on the 1 hr and break in downtrend, potential long opportunity
USD/JPY Potential LongUSD/JPY is currently testing a strong support level and may have a bounce up from here
NZDCAD -Short term trade opportunities within Channel NZDCAD has broken out of the wedge and has been respecting the channel.
I've placed a few successful trades within the channel already,both long and short, looking to continue the trades.
Typical R:R 2.5 - 3
Eventually I'd be looking for a breakout upwards out of the channel with an expected TP point at resistance/ supply block.
#SOS #Mybitcoinacademy #MBA #schoolofsparta
EUR/GBP Long EUR/GBP is being held above the 61.8 fibs on the daily candles. Currently am considering a long position with tight stop loss below the 61.8 area
GBP/USD Short at strong resistance GBP/USD is holding below a very strong resistance level with a short opportunity present. I am looking for the next few candles to close to ensure confirmation.
EUR/USD Potential long position, Downtrend brokenThe 4 hour downtrend has been broken on EUR/USD and a new market structure is forming.
GOLD/USD short term short before a run up to 1690-1700Currently I am seeing a small short opportunity before a long up to the 1690-1700 mark. It is currently sitting below a strong level off resistance and may have to retest this zone before making a move up
XRP/USD Potential Long position XRP has potential long opportunity if it holds above short term resistance
XBTUSD Could see a big move over the next few weeks...Looking to catch the retest on the trend i think this push down has a bit more left in it.
i have set a few take profits and will be watching these areas very close if they hit.
EMA crossed the VWAP 2 days ago can only see this pushing down at the moment.
ZRXBTC change in market structure potential 15% trade Broke out of the recent down trend and moved sideways forming double/triple bottom and a new Higher high
recently had and push and now waiting for retest of support for entry, which is around 38.2 fibs (bullish sign)
My plan is to take 50% profit at support/resistance at 2259 and move up SL to the 2500 area underneath the daily uptrend line (red for daily)
final take profit at 2868
#SOS #Mybitcoinacademy #MBA #schoolofsparta
BSVBTC - MBA Trading Academy TA Fridays 10/4/20Price is pushing into the 61.8% resistance level on the daily and has found a little consolidation channel. If we can break above this channel, I'd long to the next key level (78.6% on the daily), possibly taking some profit along the way if we come into resistance earlier.
If we form market structure breaking above the channel, my stop loss will be just below the most recent low.
If stop loss has to be too big (making less than 2:1 RR), or if we break below the channel, I won't enter this trade.
This could take a few days to break above the channel, and may stay in the trade for up to a week.
XMRBTC 4hr Binance - Breakout soon? SOS TA Friday April 10 2020XMRBTC 4hr Binance - consolidation breakout setup
- Monero recently broke out of its downtrend and market structure has changed it is now in an uptrend.
- At the moment price is ranging between the 4hr support and resistance as it approaches the current trend.
I will be looking for the breakout either way, a move up and out above 0.008127 targeting 0.008680
or alternatively a breakdown from 0.007889 targeting 0.007272.
Current momentum is up so in my opinion the long will be the safer setup. However, if price approaches the 4hr resistance and gets an obvious rejection,
it could present a good short opportunity if we can then break support as the 4hr resistance is close to the 61.8 Fibonacci retracement level.
Therefore I will be waiting for an obvious break of a level as confirmation for this trade.
Time frame: This trade could take 4 days to a week to play out once we get a break.
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ETH USD MBA Trading Academy TA Fridays 09/04/2020Pushing on the overall daily downtrend resistance line, if we break 4Hr resistance and daily downtrend see it going back to 190-200 supply zone .
If we fail to break this resistance area I'm thinking a pullback to the 150-140 zone.
Would be waiting for confirmation either way.
Thinking a move could take place tomorrow or the next and take a few days to play out.
ICXBTC - Follow up on wedge trade Support and resistanceOriginal wedge breakout never eventuated. But one of the trades is still a possibility,
1) looking at a break of resistance at 3615 for a Long R:R is approximately 2:1 as it stands. The SL for this trade reduced depending if any structure is formed before the break in resistance.
2) Another option is to place an order at the Demand block.
I see two demand blocks right on top of each other, so I am considering placing staggered orders, one for each demand block to give me a better R:R. (approx 5:1)
Just one thing to note is to consider what BTC is doing when you are entering, as large movements from BTC has a tendency to affect Alt coins.
#SOS #SCHOOLOFSPARTA #MBA #MBATRADINGACADEMY
LTCM20 - Downward wedge forming - few long optionsDownward Wedge has been forming on LTC, It is also approaching a low demand zone
Options 1 & 2 looking for break and retest.
Two possible entry points, either around 5790 mark on the retest from the break out,
otherwise wait for 5890 resistance to break for the 2nd entry.
Option 3
Limit order set at top of demand block for a longer term long to previous high.
Trade will be managed with several TP's (5890, 6047, 6180) as it progresses.
Trade option 1 expected to play out within a day or so option 2 within 2 days from entry,
trade 3 possibly upto a week.
#mba #schoolofsparta #mbatradingacademy #sos #tafriday
XBT USD MBA TA Friday MBA Training Academy 07-04-20Broke 4hr Resistance, Bullish Divergence, Heaps of volume
Looks like overall uptrend, should re-test 8000.
XBT USD MBA TA Friday MBA Training Academy 08-04-2020Closed out my long early at 7442 couldn't see the 7800
Broke the overall uptrend
Market looks like its turning, head & shoulders forming
looking to go short back down to 6900 or more...
EOS - LONG EARLY APRILHopped onto the charts earlier in the morning. Started out with basic support and resistance zones and noticed an uptrend. While looking at the uptrend i noticed a inverted head and shoulders.
Using that indicator and trading with the trend, I was able to find a nice trade which although it hasn't hit my take profit just yet, it did play out quite quickly.
XBTUSD Potential set up for a Long!!! Will we see $9000 soon ???If we see a close above previous structure @6850 on the daily i think it will break out of this triangle and we will see $9000 again
as long a the trend holds ill stay in a long position if not i think we will see $5500 again first.
BTC its about to BURN some BULLS, looks like T Bones tonight!well for all the guys and girls out in crypto land here's another jem, just my opinion mind you BUT bitcoin is not quite ready to sing the high notes like its knackers are on fire just yet, not so long ago on the 12th of march we all had our pants pulled down and got spanked like a naughty step child, its coming very close to the price it stated from and will hit resistance at that level as fear comes back in to the market it will drop like a stone again, but never fear we can get rid of our potential steak sandwiches and grab our bear skin rugs and ride it down all nice and snug, i believe as we get closer to the halfling we are going to see more uncertainty in the market, so just give me a like or message im on here all the time and ill do my best to help you out.
