ETH DAY TRADE PLAN Apr 20 2019BITMEX: ETHUSD
EN: 173.5 - 178.5, average:176
SL: 180
Take Profit:170, 169, 168, 167, 166, 165 Fib(0.618-0.382)
Expected Call Duration: 1 days to 1 week
Position Percentage: 10%
Leverage: x 9
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bearish Divergence, (Overbought / Resistance, Yellow) on 60m - 170m Time Frames
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Multipletimeframe
Forex Divergence Watch: EURO Pairs 20190419Euro Pairs being monitored:
EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD
Time Frame:
30m - 1D
EURGBP: Bearish Divergence / Resistance on 170m (3H), Yellow
EURADU: Bullish Divergence / Support on 680m (11H), Blue
EURGBP 170m MACD, RSI
EURADU: 680m MACD, RSI
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
GBPAUD SS Short + 115 Pip PotentialPrice is below the Daily KS but above the 60 and 15 KS. Price is in the cloud from above. This is a Type 2 trade with a High probability and good to great RRR.
2 potential Entries
1st Entry = 1.8194 (top of Asian Box)
Stop = 1.8214
Risk = 20 pips
Profit target = 1.8079 ( The projected daily low )
Reward = 115 Pips
RRR = 5.75 - 1
2nd Potential entry =close below 1.81499 (the 60KS)
Stop =
Risk = 30 pips
Profit target = 1.8079 ( The projected daily low )
Reward =
RRR =
Is Divergence Really Irresistible?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
Indicators used:
RSI
MACD
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow"
Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow"
Instances of Bullish Divergences (Green Arrows)
29 instances, probability of profitability > 85%
Signals:
Blue ascending arrows in RSI & MACD
Blue Ribbons in "9 Seasons Rainbow"
Instances of Bearish Divergences (Red Arrows)
17 instances, probability of profitability > 90%
Signals:
Yellow descending arrows in RSI & MACD
Yellow Ribbons in "9 Seasons Rainbow"
The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support.
The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1.
By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence:
Visually
Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions
Setting Alerts of divergence on All Time Frames on a click
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
The arrows and rectangles are added manually according to signals of the indicators.
Hidden Divergence is not included in this idea, because I feel the probability to win is not so high as normal Divergence. May be I don't find the right method to use hidden Divergence.
GBPAUD SS Short +95 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and great RRR. Moreover this pair has been boosted by negative GBP news then positive CNY news (positively effecting AUD)
Entry = 1.8170
Stop = 1.8190
Risk = 20 pips
Profit target = 1.8075
Reward = + 95
RRR = 4.75 -1
Is Divergence the King or Queen of Crypto Technical Analysis?Divergence is one of the best technical analysis theories. Although not 100%, a very high probability of profitability is well known.
This idea lists most of the instances of divergence on BTCUSD (Coinbase) since $19892 summit of December 2017 on 2H interval.
Indicators used:
RSI
MACD
9 Seasons Rainbow Multiple Time Frames Pattern PRO
Base Time Frame: 2H, most upper ribbon of "9 Seasons Rainbow"
Longest Time Frame: 90H (3D + 18H), most lower ribbon of "9 Seasons Rainbow"
Instances of Bullish Divergences (Green Arrows)
29 instances, probability of profitability > 85%
Signals:
Blue ascending arrows in RSI & MACD
Blue Ribbons in "9 Seasons Rainbow"
Instances of Bearish Divergences (Red Arrows)
17 instances, probability of profitability > 90%
Signals:
Yellow descending arrows in RSI & MACD
Yellow Ribbons in "9 Seasons Rainbow"
The value of divergence: it is not limited to fixed price and it happens on any Time Frame, when it encounters strong resistance or support.
The downside of divergence: high reward is coming with high risk, when the resistance or support being broken through, a breakout or breakdown may happen. Thus whales can use this to play with the market, with the recent case happened on April 1.
By using "9 Seasons Rainbow" Indicators, traders can monitor Divergence:
Visually
Cross Multiple Time Frames on a single screen, without necessary to change time intervals /sessions
Setting Alerts of divergence on All Time Frames on a click
Poll: Is Divergence the King or Queen of Cryptocurrency / Cryptoasset Trading Technical Analysis?
Please leave your comments.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
The arrows and rectangles are added manually according to signals of the indicators.
GBPAUD Post News Long + 100 pip PotentialThis is a post news trade set-up. After negative AUD news (minutes of the Monetary Policy meeting, AUD weakened considerably. After driving up she entered a consolidation range between 1.83277 (high) and 1.8305 (low). A low risk entry can be made at 1.83008 (low + 1 + 2 pips for spread)
Entry = 1.8308
Stop = 1.8288
Risk = 20 pips
PT = 1.8408
Reward = 100 pips
RRR = 5-1
EOS DAY TRADE PLAN Apr 15 2019BITFINEX: EOSUSD
Long entry: 5.425 - 5.52
Stop loss: Roughly 5.325
Take Profit: 5.7, 5.8, 5.9, 6, 6.5
Expected Call Duration: 1 days to 1 week
Position Percentage: 20%
Leverage: x 2
Risk Level: Medium
Call strength: Medium High
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern PRO
Signals:
Bull (Green), Bull Pullback(Light Green) across almost all the ribbons
One Overbought (Yellow) in 8H remind us resistance of previous high: 5.85-6.1
BCH BAB is leading the market with outstanding strength, so EOS, LTC is expected to follow.
AB - CD, a continuous run of yesterday's rise.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
USDCAD - POTENTIAL BUY + MULTIPLE TIME FRAME CONFLUENCE Following on from this day's daily candle closure, we are able to be given an impression that the long lower wick below the body demonstrates a rejection of the linear level as well as a further indication for the market to be pushed higher.
We are also able to identify the similar rejection when looking at the 4HR time frame. In addition, from the recent candle closure, it is clearly shown that Buyers have taken over the market as the bullish candlestick is much more larger than the bearish candlestick that had occurred.
In addition, clear confluence for a potential BUY can be justified at the fact that the market had previously bounced off the bottom trend line, as well as the fact that the market is at a key zone which had previously been used as support.
Trend line, Zone, Candlestick formation, Multiple Time Frame Confluence, Zones - What more do you need?
GBPAUD SS long + 95 pip potentialPrice is above the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries
Entry = 1.8417 (bottom of box + 2 for spread) or
Entry 1.8441 (Breakout)
Stop = 30 pips
Risk = 30 pips
Profit target = 1.8505 (daily projected high)
Reward = 95 pips
RRR = 3-1
GBPCAD SS Long + 114 Pip potentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 potential entries:
Breakout Entry = 1.7598
or pullback entry = 1.7585 (15 KS)
Stop = 30
Risk = 20
Profit target = 1.7698 (Daily projected high)
Reward =
RRR =
GBPAUS Short SS tradeThis is the third trade with the new methodology derived from the old. It is designed to provide high probability trades set-ups with good to Great RRR on a daily basis (as opposed to 1-3 such trades per week). Since it is on a 15-minute chart and there is a 15 minute delay for posting here on Tradeview, there may be timing issues. I will do my best to post so everybody can take advantage. We will start considering trades at the European open (currently 3am est). Also, this methodology relies on a directional bias, which may Increase, decrease or change completely mid-session, so I will update the trade accordingly, so look for those changes.
like yesterday, 2 potential entries
15 KS Entry = 1.8440
or
BO entry = 1.8407
Stop = = 30 pips
Initial PT = 90 pips
GBPAUD SS Short2nd day publishing the new methodology which was derived from the old. It is designed to provide high probability trades set-ups with good to Great RRR on a daily basis (as opposed to 1-3 such trades per week). Since it is on a 15-minute chart and there is a 15 minute delay for posting here on Tradeview, there may be timing issues. I will do my best to post so everybody can take advantage. We will start considering trades at the European open (currently 3am est). Also, this methodology relies on a directional bias, which may Increase, decrease or change completely mid-session, so I will update the trade accordingly, so look for those changes.
2 potential short entries
Entry = 1.8597 or
1.8555
Stop = 30 pips
Initial PT = 90
GBPAUD SS LongThis a new methodology derived from the old. It is designed to provide high probability trades set-ups with good to Great RRR on a daily basis (as opposed to 1-3 such trades per week). Since it is on a 15-minute chart and there is a 15 minute delay for posting here on Tradeview, there may be timing issues. I will do my best to post so everybody can take advantage. We will start considering trades at the European open (currently 3am est). Also, this methodology relies on a directional bias, which may Increase, decrease or change completely mid-session, so I will update the trade accordingly, so look for those changes.
Long Entry = 1.8541
Stop = 1.8511 = 30 pips
Initial PT = 1.8631
POSSIBLE NZDUSD SELL + MULTIPLE TIME FRAME CONFLUENCE. 1W+1DOn the Weekly Time frame, the chart indicates a downtrend. Anticipation of a Bearish Indication could enable a long-term SELL opportunity.
A GREAT OPPORTUNITY DUE TO MULTIPLE TIME FRAME CONFLUENCE
• 1W - Current Market has reached the top of the weekly Trendline. (A considerably strong trend line which has been obeyed very nicely for quite a while now) . The closed candle demonstrated suggests that a rejection has occurred when observing the length of the wick. This wick suggests a rejection of the linear level which can therefore be followed up by bearish movement.
• 1D - Current Market has also reached the top of the daily Trendline. The recent candle closure also demonstrates a rejection of the key linear level (Daily top TL).
Either instant entry or anticipate a Bearish Indication on 4HR timeframe.
EU is Melting...Looking at EU in more detail:
Weekly: a downtrend is still evident, as the weekly descending trendline (pink) has not been broken by this pair. Additionally, a bigger descending trend indicated by the monthly trendline (black) still stands. Thus, it is safer to look for possible short entries on this pair.
Dropping down to the daily time frame , the, the direction of this pair is clearer. The pair is currently running in a descending channel, as the pair is making consecutive lower lowers (LL) and lower highs (LH) as indicated on the chart below. Thus, short entries are again favoured on this pair
explanation for possible short entry:
1. the weekly key level 1.13250 has remained a strong support level for this pair for a while. Recently however, this key level has stayed a strong resistance level as the pair has failed to close above this level for the past three days.
2. last weeks daily closure closed below the support-turned-resistance level and the long wick on-top of the body is another indication of sellers taking over this market. thus indicating a decrease in upward momentum and a possible short trade set-up coming into play.
3. lastly, My final TP for my previous long entry was 1.13500 marked out by the bubble. But, the previous daily candle stick fell short of this by 56 points (1.13444), thus i manually closed the trade.
Entry explanation:
due to the strong descending trendline that has been obeyed time and time before, there is still a possibility that this pair may continue to the upside, reject the trendline properly before melting, thus my SL, will be slightly bigger in this case (still falling within my R:R plan)
EOSUSD Completed Adjustment, Time to LongEOSUSD has completed Adjustment, the Support works, Time to buy.
Signals by 9 Seasons Rainbow PRO
OverSold(Blue) in 15m, 21m, 30m, 1H
DISCLAIM
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Binance Coin a beauty to beholdBNB is currently riding a huge wave of support and is quite possibly the most bullish coin in the short and medium-term.
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