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Mbatradingacademy

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
Long
by TraderPistolPete
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.
BLong
by TroyDowsett
Why I IOTA Long this breakWith BTC doing performing a bit of a consolidation at the moment, a few of the alts are taking the opportunity to bust a decent. Notable trades that I should have published include LINK, which I've fully closed out of, an BAT which I'm now 50% out of and stop loss is in profit. IOTA pushed up through all 3 EMA's on the 4Hr chart, retesting each level before pushing upwards. Now it sits atop the slow EMA which has already held as support. I took an entry at the break of the medium EMA and this test of the slow EMA has me looking on the Daily chart for my 50% and final exits against the Daily EMA's. Entering here I'd be setting my stop loss under the slow EMA and below previous structure. risk/reward looks good enough for my strategy to take this trade and see how it plays out.
Long
by Zophyael
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. ------------------------------------------------------------------------------------------------------------- Day trader, trading primarily crypto currency focusing on BitMex pairs. Want to learn to trade? Come join the best only trading community focusing on technical analysis and mindset! Send me a message on tradingview or discord (Jordan S#2373) Not signed up on BitMex? Use my link and save 10% on fees for 6 months. www.bitmex.com
X
by JordanSimmons
ETCUSDT to the moon!!! Or somewhere along the way...ETCUSDT Trend trade Supply block around 6.69 Waiting for price to come back to trend which lines up around 50fibs and also previous low wicks - bounce off here will give me 3 confirmations to long Stop below 61.8. I realise the current structure calls for a bigger stop however I believe as it comes back to the TL more structure will be created and as long as that stays above the 61.8, I'm still long and it will support my stoploss area. If it dips below and my stop needs to be too wide, I will think twice about taking this trade. Target would be just under supply block as previous attempts to the block have failed to touch it 4 take profit areas along the way - will close trade early at each TP area if it looks like it’s running out of steam Somewhere between 4-8 days to play out maybe
Long
by TradeTravelChill
1
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
by TraderPistolPete
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
LLong
by TraderPistolPete
An AVERAGE BreakoutBig Daddy BTC has been channeling between the slow (Orange) and medium (Yellow) EMA's for 4 days and has finally broken over, pushing up to 7450 for a cool little 5% move. With momentum slowing I'm expecting to see a retest of the fast (Blue) and long EMA's as support and if they can hold the price above it's possible that we could see our target of 7850 where I will be closing out my longs and looking for a potential short entry. If the EMA's aren't strong enough here it'll all come down to the medium EMA to keep price from falling towards a potential 5800 area.
Long
by Zophyael