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TrueFI (TRU) - 350% returnOn the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Significant bullish divergence. Multiple oscillators print positive divergence with price action. 3) Bull flag break out with 350% target projection. Is it possible price action prints lower highs? Sure. Is it probable? no. Ww Type: trade Risk: <=6% Time to act: days Return: 350%
Long
by without_worries
39
This Bitcoin signal has a 71% winrate.This signal purely based on RSI happened only 7 times on the daily chart history of BTCUSD. The formula is the following: RSI is at the 50 days lowest and is rising for 3 bars, and is lower than the 160 days RSI with 5 (as RSI value) added and RSI is below 37.5 Signal history: 3 April 2014: 46% move up 18 August 2014: fail 16 June 2018: 30% move up 27 November 2018: +200% move up 22 May 2021: 80% move up 13 December 2021: fail 26 August 2023: 173% move up Total Winners * 100 / Total Trades = 5 * 100 / 7 = 71.4% Winrate Average winning trade: +105.8% Important Note: The rarity of the signal (only 7 times) induces that a small amount of backtest data, and should not be used as sole indicator in your trading.
BITSTAMP:BTCUSDLong
by cyatophilum
Why I think GBPUSD Will Sell...Technical AnalysisHey Rich Friends, Here is my technical analysis for GBPUSD on the 4-Hour timeframe. Remember to cross reference your own chart/indicators and check the news for additional confirmations. I think GBPUSD and other USD majors will sell and here is what I am looking at: - The candles have already rejected the previous supply zone - Tweezer top candle pattern formed. This is a bearish confirmation for me - The Stochastic is facing down, the slow line (orange) is above the fast line (blue) and both lines have crossed below 80. These are 3 bearish confirmations on the stochastic for me For additional confirmation: - Wait for the current candle to cross and close below the 10 EMA (purple) - Wait for the slow line (orange) to cross below 70 - Wait for the 10 EMA (purple) to cross above the 3 EMA (blue) I entered at market execution and set sell limits in the highlighted areas. My SL will be at a previous high and I will target previous lows for my TPs. Great luck if you take those trade and let me know if you have any questions. Peace and Profits, Cha
Short
by MoneyMantraCha
2
Is Celestia poised for a further upswing?Before it emerged as the highest gainer today, Celestia reached its lowest price since November 2023 on July 5. The price as of then was $4.78, meaning it was 80% down from its ATH. According to the daily TIA/USDT chart, the extended decline led to a descending channel formation. This pattern is bearish as it shows lower highs and lower lows during the period marred by a downturn and consolidation in between. From the chart above, bulls seem to have taken advantage of the decline by creating a good level of demand between $5.06 and $6.09. If sustained, Celestia may continue to experience a breakout to the upside. Another look at the daily chart shows that TIA has risen above the 20-day EMA (blue). EMA stands for Exponential Moving Average, and it measures trend direction over a period of time. If the price is below the EMA, the trend is bearish. But when it is above it, the trend is bullish. Therefore, as long as TIA stays above the threshold, the price can continue to increase. Furthermore, the token is on the brink of breaking above the 50-day EMA (yellow) at $7.51. If bulls successfully breach this region, the next target for the token will be $8.07. In addition, the Relative Strength Index (RSI) is at 51. The RSI measures momentum by measuring the speed and size of price changes. Thus, since TIA’s RSI has surpassed the midpoint, momentum is bullish. If the RSI continues to rise, the value of the token may also follow in the same direction, with short-term targets between $8.07 and $9.16.
Long
by paul_endeo
Potential Short Opportunity for BTC/USD at $61,000Overview: In this analysis, I present a short trade setup for BTC/USD with an entry point around $61,000. This idea is based on the confluence of volume profile levels and Fibonacci retracement zones. Volume Profile Analysis: The volume profile indicates significant trading activity around the $61,000 level, which suggests it as a strong resistance zone. This implies that there may be considerable selling pressure once the price reaches this level. Fibonacci Retracement: Applying the Fibonacci retracement from the swing high to the recent swing low, the 0.618 retracement level aligns closely with the $61,000 mark. This confluence adds strength to the resistance at this level, providing a high-probability short entry. RSI and ADX Indicators: The Relative Strength Index (RSI) is currently showing bearish divergence, indicating a potential reversal or pullback. The Average Directional Index (ADX) is at a high level, suggesting a strong trend which could soon see a correction. Trade Setup: Entry : Short at $61,000 Stop Loss : Above the $62,500 level to allow some room for potential volatility. Target : First target at $56,000 (next significant volume node), second target at $50,000 (support zone and 1.618 Fibonacci extension). Conclusion: This trade setup leverages technical analysis tools to identify a high-probability short entry point. As always, ensure proper risk management and adjust the trade parameters based on market conditions.
Short
by wittawatkhondee55
2
USDCAD 1D Analysis: Anticipating a Breakout📅 Let's dive into today's analysis. We'll be focusing on the USDCAD pair in the 1D time frame. ⌛️ Long-term Range Box In the 1D time frame, we observe a large, long-term range box that spans 664 days. This box has experienced a complete High Wave Cycle (HWC) range, which is confirmed by the flat SMA99, indicating minimal slope and nearly flat movement over a long period. ♟ Key Levels Range Box Bottom: 1.31434 Range Box Top: 1.38725 Breaking either of these lines will likely initiate a new trend for the HWC. Medium Wave Cycle (MWC) Support: 1.35973 MWC Resistance: 1.37805 🪤 Momentum Indicators As discussed in yesterday’s analysis, momentum oscillators like RSI are less effective in range-bound markets. In this case, although the RSI broke the 43.14 support, the market did not gain bearish momentum because of the ranging condition. This exemplifies why RSI should not be heavily relied upon in such scenarios. 📉 Bearish Scenario If a candle closes below the 1.35973 area, we can expect the price to move towards the bottom of the range box at 1.31434. This support is crucial and could push the price back to the top of the range. 📈 Bullish Scenario Conversely, if the price breaks above 1.37805, it may move towards the top of the box at 1.38725. However, this move is less likely due to the weakness observed in the green candles, indicating weaker buyer strength. 🔍 Candle Analysis Examining the candles shows that reaching the top of the range box takes significant time, with small green candles. Conversely, reaching the bottom of the box from the top happens quickly with strong red candles. Given the weak green candles in the latest upward move that didn't even reach the top of the box, the likelihood of a downward breakout is higher. 🎯 Target Levels In case of a downward breakout, switching to the weekly time frame helps identify important levels: First Target: 1.30183 (0.5 Fibonacci level) Second Target: 1.27624 Third Target: 1.22926 (a very significant support for this pair) 📝 Conclusion The USDCAD pair is currently trading within a long-term range, showing weak buyer momentum and stronger bearish tendencies. A breakout from this range, particularly to the downside, seems more probable given the current market conditions. Traders should watch key levels closely for confirmation and be ready to act accordingly once a breakout occurs. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a pair you'd like me to analyze next.
Short
by itsparham96
1
Historically Warm Weather to Support Natural Gas PricesAfter the second quarter relief rally and the five-month peak, Natural Gas registered a four-week decline. This has shifted bias to the downside again, creating scope for further losses towards 1.940. However, a look at the daily chart shows that NGAS tries to react at the lower border of the Ichimoku Cloud. Furthermore, a Golden Cross (EMA50 crossing above the EMA200) has been formed, which is often viewed as a precursor of sustained growth. This technical formation compliments the favorable fundamentals, as demand is set to increase this year, while key drillers lower their activity. Although the world shifts to renewables, Natural Gas is seen a bridge fuel facilitating this transition. Furthermore, it is heavily used in electricity generation, being the top source in the US and No2 globally. June was the thirteenth straight month of record high temperatures according to Copernicus, which can provide another tailwind for energy demand during the summer months. This in turn can increase Natural gas consumption and support prices. As a result, NGAS can reclaim the EMA200 that would give control to the bulls and the ability to push for the June peak (3.164). The upside contains multiple technical roadblocks though and there are risks to the upbeat supply-demand dynamics. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:NGASLong
by FXCM
1
Bitcoin ALL-TIME-HIGH is STILL COMING: Here's WhyA hint... the RSI. The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term. Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key metrics to watch and do regular updates should the conditions mentioned in the video be met. Although I am short term bearish, I remain longer term bullish, making it really impossible to label this post as solely "short" or "long". Cheers to the Top10%'ers 🥂 __________________________ BINANCE:BTCUSDT
by CryptoCheck-
1
Polkastarter (POLS)On the above 3-day chart price action has corrected over 90% since the sell signal in October 2021 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period. The idea is a mirror copy of the LCX idea 48hrs ago. Is it possible price action could fall further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: Don’t know.
PLong
by without_worries
2
BarnBridge (BOND) - Bullish divergence** warning - tiny market cap ** On the above 3-day chart price action has corrected 90% since June of last year. Astonishingly sellers have returned price action back to support. Is now a good time to go long? 1) Oscillators prints bullish divergence with price action. As a matter of fact more oscillators print positive divergence than the previous time price action moved from 2 dollars to 20 dollars in less than a month. 2) Price action has returned to support. Astonishing, did every buyer of the last move sell back at a lower price? 3) Some other reasons.. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: Trade Risk: <= 1% Timeframe: act now Return: As before, around 600-700%
BLong
by without_worries
74
MDEX (MDX)On the above daily chart price action has corrected 70%. A number of reasons now exist to be long, including: 1) You know why.. 2) Multiple oscillators print positive divergence over an extended time frame. Look left. 3) RSI resistance breakouts on both USD and BTC pairs. 4) The last time those conditions printed a significant move followed in the days ahead. Is it possible price action falls further? Sure. Is it probable? no. Ww Type: trade Risk: <=6% Timeframe: Now, don’t hang around. Return: 250%
MLong
by without_worries
18
The current conditions entail significant risk for placing orderStrategy: Neutral Risk for placing orders: Significant High Summary Long-term and short-term trends: Prices are moving near the lower band of the trend channels, indicating a possible reversal towards the main trend. Fibonacci Retracement: Critical support levels. The currency pair may move downward to the level of 1.34322 without changing the main trend. Fibonacci Expansion: Resistance levels that determine the upward movement at points 1.3763, 1.3860, and 1.4000. Technical Indicators: The use of moving averages and the MACD shows a high risk for trades. The technical indicators do not align with the main trend, emphasizing caution in decision-making. Trend Determination The prevailing main trend on the exchange rate price chart is upward. The secondary short-term trend currently on the exchange rate price chart is downward. Within the main upward trend channel, exchange rate prices are moving downward within the lower band. In the secondary downward trend channel, exchange rate prices are moving downward within the lower band. The movement of the price near the lower band of the secondary trend channel could indicate an imminent reversal of the short-term trend towards the main trend direction. The lower band of the trend channel is considered a support level. However, this scenario requires further investigation and is currently a mere hypothesis. The price movement within the created channels carries medium risk for placing trades. Support-Resistance Levels – Fibonacci Fibonacci Retracement: Using the Fibonacci Retracement tool will help identify critical support levels and points within which there is increased risk for placing trades. The Fibonacci Retracement tool will be applied to the upward course of the exchange rate. This way, the levels to which the exchange rate can move downward without being considered a trend reversal can be determined. Specifically, according to the current conditions in the exchange rate, this point is around 1.34322. The possibility of breaking this support point and continuing the price movement below 1.34322 requires great caution as it could signal a trend reversal and significant losses. From the study of the Fibonacci sequence in this currency pair, two important levels emerge, which are necessary to mention. Placing trades at any point within these two levels carries increased risk due to the accumulation of pressure. This range is defined by the levels of 1.34322 and 1.35831. The risk decreases above the 1.36764 limit for the possibility of placing a buy order. Fibonacci Expansion: The purpose of using the Fibonacci Expansion tool is to identify resistance levels. Consequently, these levels can be used to estimate the range of the possible upward movement. The current movement of the exchange rate is considered significant and quite clear. This significantly helps in applying the Fibonacci Expansion tool and identifying the resistance levels for this upward movement. The resistance levels that appear to exist and their distance from the current price, which is considered noteworthy, are as follows: 1.3763 – 133 pips 1.3860 – 230 pips 1.4000 – 370 pips The application of a second Fibonacci Expansion was deemed necessary, initially because the movement was quite strong and secondly, the identification of intermediate levels will better define the price movement range. Technical Indicator Analysis To smooth prices, determine trend dynamics, and strength, a system of three moving averages will be used. To evaluate trend momentum and identify divergences which may indicate trend reversal, the MACD will be used. Moving Averages: The exchange rate prices are currently below the moving averages. The distance of the current price from the moving averages is not significant. Visualizing the results of the moving averages shows that the price trend, at the present time, does not evolve according to the main trend. MACD: The MACD is moving negatively in a downward trajectory, and its momentum is not satisfactory. Visualizing the MACD results does not show divergences between the MACD trajectory and the price trend. The existence of divergences could mean a potential reversal of the current price trend. The MACD results show that the price trend, at the present time, does not evolve in conjunction with the main trend. The moving averages and MACD indicate that the possibility of placing a trade, at the current moment according to market conditions, carries high risk. This is concluded from the fact that the technical indicators, on the one hand, do not provide results that are in harmony with the prevailing price trend. On the other hand, they do not adequately describe the current market conditions.
by Forex_Analytica