GBP/USD - Repeating Pattern (Long Opportunity)This is an update of my previous idea (linked below). To receive more updates, make sure you get notified by following me. I'm also available on our monetae Trading Discord channel, which is linked in my signature.
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Pair: GBP/USD
Position: long
Entry: 1.30650
Target: 1.31120
Target 2: 1.31700
Stop Loss: 1.30600
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cheers,
cryptobuller
Monetae
Daily Bitcoin Update - E06Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price of Bitcoin (BTC) is retracing back to our previous strong resistance from 7600.00 to 7800.00, which is also a good buy zone in anticipation for a continuation of the uptrend.
Since Bitcoin is very volatile, we might see a fakeout to the downside, which is shown buy the fractal (green candles).
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Cheers,
cryptobuller
Daily Bitcoin Update - E05Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price of Bitcoin (BTC) managed to maintain the bullish momentum and moved past our local resistance a few hours ago. We did not see a breakout yet, as the price is moving steady and slowly. By printing a higher high, a short term uptrend is a more likely scenario now.
Our next resistance is located at the 7700.00 - 7800.00 level (green box). The price got rejected here a few times. We need some more volume to break this level. Monday is usually one of the most volatile days during the week when trading cryptocurrencies. Keep that in mind!
Major resistance is located at 8100.00 - 8200.00. We experienced a heavy drop in this area. A break above this level would confirm an overall bullish situation (daily, weekly) and possibly draw more potential buyers in. But that's pure speculation. We have the same probability of seeing a Double Top, Bearish Engulfing, Line Strike or whatever. This scenario will be traded step by step - so let's just see what happens there.
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Cheers,
cryptobuller
Daily Bitcoin Update - E04Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price of Bitcoin (BTC) is currently sitting right below the resistance from 7500.00 to 7550.00, which is formed by our previous high from 29th December.
The expected death cross, which was explained in my previous idea (linked below) did not happen. Instead the price managed to hold the moment.
You can see that the MA 50 and the MA 100 are moving almost in line. This price level (around 7200.00) is mandatory for a bullish continuation.
This price level is also a potential buy-zone (green box), since the price is moving in the upper range of the RSI and will most likely drop in the upcoming hours.
We will have to see if the MA 50/ 100 & 200 act as a support. High selling pressure including much volume could crush the potential long position easily.
I personally do not trade this scenario, since this is more like a gamble at this stage. At least in my opinion. There are better times to take a position with much lower risk.
Cheers,
cryptobuller
Daily Bitcoin Update - E03Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price of Bitcoin (BTC) had a bullish start today. The price bounced from a short-term support zone (6850.00) and is currently moving towards our strong resistance-zone at 7300.00 , which is also our entry-zone for a short position.
The overall trend is still bearish, since we did not receive a proper reversal pattern yet. We do also have a bearish outlook on daily and weekly time-frame:
Therefore, we try to spot the best entry on the 4 hour time-frame.
We can see a death cross forming on the 4 hour chart appearing with the MA 50 (short-term) and the MA100 (mid/long-term). The price is also trending below the MA200 (long-term). A death cross is usually followed by a lot of volume. Please keep in mind that most of the bots trade along moving averages and crosses.
The next two candles might confirm this scenario.
Cheers,
cryptobuller
XAUUSD - Maintaining Bullish MomentumThis idea will be updated regularly, so make sure you get notified by following me.
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The price of Gold is in a very strong uptrend and follows a previous pattern, which is already in it's final stages.
We saw a breakout of a descending horizontal channel with a strong move. We do also see a golden cross appearing with the MA 50 and MA100, which might support another great bull-run like in mid 2019.
I personally don't trade Gold but please: don't trade against the trend. Don't try to time the market!
Cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
EURUSD - Short Opportunity (Back to MA50 & Overbought)This idea will be updated regularly, so make sure you get notified by following me.
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Pair: EUR/USD
Position: short
Entry: 1.121
Target: 1.115
Stop Loss: 1.235
Risk/Reward: 2.55
The price is in overbought area on the RSI and generally tends to retrace back to MA50. The MA50 moving below the MA100 could give us another great short opportunity.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
USDJPY - Long Opportunity (Key Support & Oversold)This idea will be updated regularly, so make sure you get notified by following me.
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Pair: USD/JPY
Position: long
Entry: 108.630
Target: 108.990
Stop Loss: 108.465
Risk/Reward: 2.25
Reason: The price is bouncing from our Key Support and is in oversold condition on various intraday-timeframes.
cheers,
cryptobuller
This idea will be updated regularly, so make sure you get notified by following me.
If you would like to see more trading ideas like this, please click the like button!
Pair: GBP/USD
Position: long
Entry: 1.29950
Targets:
1.313
1.321
1.329
Stop Loss: 1.2895
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Daily Bitcoin Update - E02Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
The price of Bitcoin (BTC) is sitting at an important Support Zone (Purple Box) and is also tied between the MA 200 for long-term trends, and the MA 20 for short-term trends. The MA 200 acted as an additional support a few times. In anticipation for a repeating pattern, we can aim for the resistance line of the descending triangle as a possible target. This scenario is confirmed if the price closes above the MA 20 (approx. 7250.00).
Cheers,
cryptobuller
Daily Bitcoin Update - E01Hello friends! This is my daily Bitcoin update. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button!
Today we are looking at a slightly bigger picture. The price of Bitcoin (BTC) is moving in a range at the moment, while the price is being supported by the MA100 and MA200 on the 4 hour time-frame.
What might have looked like a strong reversal in the beginning of this month, ended in a further significant price decline, so please keep the following levels in sight to confirm a breakout of the range into a trending-market (either up or down.)
The price breaking the resistance level at 7700.00 would confirm further bullish movement (higher high)
The price breaking the support level around 7000.00 would confirm further bearish movement
Cheers,
cryptobuller