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ETH pullback before new ATH?Good morning traders, Todays Crypto forecast is for ETH. Currently we are in a STRONG move up, this momentum will be sucking in new traders and new money each day. What does this mean? Looking at the current PA we can see a pullback is due and we are right in the target zone of a daily range which has yet to be mitigated. Currently I am expecting a pullback to the marks range before targeting the highs. Overall the momentum is certainly bullish but in the short term I expect a pullback, BTD because this could be the last chance for SUB 10k ETH... As always trade safe EnvisionEJ
BITSTAMP:ETHUSDShort
by EnvisionEJ
🌐 How not to be stuck in your position?🌐 How not to be stuck in your position? SIGNAL + TIMING = SUCCESS You asked me how not to be stuck in one long-term, seemingly losing position and how not to miss opportunities. You have to consider at least two dimensions of timing: zone and scale. What is a zone? - The time-zone of my signals is UTC, and so, you have to translate. What is the scale? - The scale of my signals varies from 1-minute to 3-month, and thus, you have the following kinds of positions. Top traders have at least three kinds of positions: base, intra-day, and long-term. What is your base position? - It is the base currency within which you feel most comfortable holding most of your capital, and it is usually USDT or BTC. What are the guidelines for intra-day and long-term positions? - Professionals often put up to 5% of their base per intra-day position, and they rarely use more than 25% overall of their base at one moment. - When you make a profit on an intra-day position, you put a part of it (for example, 50% of the profit) into your long-term trade, and you return the rest to the base. - This way, you manage your risks, and both your intra-day positions and long-term position will grow. +1 So, why can't an automated system simply do it for you? You have got your accounts, your assets, and your responsibility. Exchanges do not allow a bot to read how much capital you have in total, nor how your investment breaks down to different assets and accounts. Only you have got this information, and only you hold the right to manage your account.
BITSTAMP:BTCUSDEducation
by Elysian_Mind
1
Will EPRTs steady climb break all time highs from last year?EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020. Fundamentally: * EPRT's expected to deliver a year-over-year increase in earnings * This may cause the price to go higher and make new all time highs Technically: * EPRT's approaching it's all time highs and is expected to break above due to its earnings coming up. * Not much volume but it's relatively stable volume coming in Trade idea: * Now would be a good time to get in if you want to be early * There's not much volume so we may see a small rejection from the resistance point * For a conservative approach look for a daily break above $29.34 before jumping in. * A rejection from $29.34 may send it to retest the support of $28.70 so look for buying opportunities there as well.
NYSE:EPRTLong
by HaseebKhan_90
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade! This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon. Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week. Trade idea: * Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
NYSE:JBLLong
by HaseebKhan_90
STOR making higher moves to challenge all-time-highs!STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another. The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since. Now the price is challenging $36.40 which served as support for 5 months before the 2020 crash. The price did break above $36.40 and if the price makes a weekly close above $36.40 we may be looking at a run at the all-time-highs of $40.78. A run at the all-time-highs wont happen over night. It may take weeks or even months to get there but until then we'll ride the wave. Trade idea: * Wait for a weekly or monthly close above 36.40 as a confirmation. OR * Wait for the break but also wait for a retest as a show of confirmation that the price wants to go higher
SLong
by HaseebKhan_90
NVDA Update, Able to reach to next resistance zone at 717-748?NVDA is doing great continuously making higher highs and higher lows in H1 time frame. It seems NVDA has defeated first proposed resistance zone and now is going to attack next one at 717-748 which is a broad one. Stochastic indicator in Monthly, Weekly and daily time frame is in overbought zone which suggests that going long is too risky now. For those who has NVDA shares my recommendation is to adjust their stop loss continuously and carefully. Good Luck everyone.
NASDAQ:NVDA
by SaeedSajedi
TSLA: The Channel GamesChannel 1: > Lasted ~1 month and ended with bullish push. (1 Day Timeframe) Channel 2: > Lasted ~2 months and ended with bullish push. (1 Day Timeframe) Channel 3: > Lasted ~1 month and ended with bullish push. (1 Day Timeframe) > Important channel, created support/resistance for channel 5. Channel 4: > Lasted ~1 month and ended with bearish pull. (1 Day Timeframe) > Two price rejections, indicated by yellow circles. > Two mini channels: >> 1st mini channel ended with bullish push that was rejected. (2 Hour Timeframe) >> 2nd mini channel ended with bearish pull. (2 Hour Timeframe) Channel 5: > Will last ~2 months. (1 Day Timeframe) > Two mini channels: >> 1st mini channel ended with strong bearish pull. (2 Hour Timeframe) >> 2nd mini channel just started with huge impulse. (2 Hour Timeframe) >>> 2nd mini channel also formed a head and shoulder. (5 Minute Timeframe) Support/Resistance 1: $895 Support/Resistance 2: $686 White lines: 1 Day timeframe Yellow lines: 1 Hour timeframe Yellow Circles: Rejection
NASDAQ:TSLAShort
by The_PC_Trader
1
USDCAD Short opportunity could be in play by end of next weekHappy Weekend Traders, Thank you for your likes and questions. If you have any queries feel free to message me. I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below: Bias: Short USDCAD Type of idea: Swing Please note: This chart is 4hr but the EMA is based off the Daily chart. I have used 4hr chart as a way to identify the price action so I can get into the trade early if it moves in my direction but not too early just in case it is noise. Rationale: 1) Price has reacted between the Daily Chart 100EMA (Red line) & Daily Chart 50 EMA (Amber line) 2 times ( see pink circles) 2) Long term the pair is in a down trend 3) Near term the pair is in a down trend (Black line) What am I waiting for: 1) USA news release next week (PMI, Non-Farm, Unemployment) I am not going to trade these releases but merely keep an eye on the release and see how positively or negatively it impacts the pair. 2) If news is negative for USD and price closes below Daily Chart 50EMA I will place a short 3) If news is positive for USD and price moves above Daily Chart 100EMA I will not place a trade Point to note traders: Be careful of all USD pairs this coming week due to the news releases (that is only if your strategy doesn't include trading news releases). If you like it give it a thumbs up and I will post a follow up should this pair move in favour of my bias. Have a great weekend, Happy Hunting!
Short
by Piphunter1887
GOLD update Good day traders !!! On gold we are looking at a short setup because we got again into the descending channel again and it seems that we had some sort of fake breakout of the trend line. Also we just completed an "M" formation on the daylight timeframe and we retested the neckline and rejected it. We are looking for a short setup on the short term but be cautious with everything that is happening with the stock market because it has a big impact on commodities as well. Now if you enjoyed this analysis like and share. If you have a different opinion comment below as I would love to have some more insights about this pair. Trade safe !!1
OANDA:XAUUSDShort
by TheDayzen
2
GOLD to 1840, Buckle up !!!Good Day Traders !! On Gold as we expected the price dropped to the demand Zone and broke the trend line ! On the Monthly timeframe we have an overextended W formation and we just tested and rejected the neckline. Down on the weekly timeframe we have an "M" formation and we have confluence between the neckline of the weekly and Daily "M" formations. Also it happens that the neckline on the daily timeframe is exactly the 0.618 Fib retracement on the previous leg. With all of that being said we are looking at a potential opportunity for long in the short and mid term for gold. From an institutional perspective we have hedge funs and non commercials institutions adding a massive amount of long position on gold and this impulse to the downside could be considered as an accumulation of liquidity before the real launch. 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 !!!
OANDA:XAUUSDLong
by TheDayzen
2
USDCHF DAILY SHORT TRADE- double big up & down bar is mean the price is rejected the resistance + supply zone - after breaks-out the head & shoulder pattern, the price is in the up trend - short will small position to demand zone or long when price test demand zone + support level with clear price action - if you look the volume, you will see it is increase around the head & shoulder pattern, specially the big bear bar with a large of volume. it's mean the shark started this long trade and they killed retailer investor tried long or short before. the momentum is too strong.
Long
by dangngnuyenbusinv
Backtesting retest Break of Market Structure on Multi TimeframeStrategy Create a zone from the order block which created break of market structure on 1D timeframe Wait for it to be tested on 4H timezone => which will create new 4H order block Trade the retest of that 4H order block Color coding & icon use Green boxes : 1D order block zone Yellow boxes : 4H order block zone Tick icon : Trade won on 4H Cross icon : Trade lost on 4H Circle with cross icon : Trade in breakeven Win / loss assumptions Win : 3R movement without breaking -1R Loss : -1R movement Breakeven : 1R movement, followed by -1R movement Risk Management 50% TP @ 1R 25% TP @ 2R 25% TP / Trade closure @ 3R RR achieved = 3R Net R achieved = 1.75R Strategy results Testing duration : Jan 2020 - Jan 2021 Wins = 16 Loss = 7 Breakeven = 4 Non-losers = 74% Absolute Winners = 59% Net RR = 21 Avg R/Win = 1.31R Avg R/Trade = 0.78R
Education
by makuchaku
8