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Next Target for Bitcoin: $17,000 - By Trading-GuruIn this idea for Bitcoin I show how you could set-up a long position in the bullish scenario that the ascending channel holds. We can see a very important confluence at the moment the ascending channel touches the support zone. This could be a great point to enter a long trade. Then, for the take profit location I suggest the second important confluence, the moment where the price will touch a psychological resistance level of $17,000 exactly during the time it hits the resistance line of the ascending channel Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
10
Sudden Run on BTC Can Lead to CRASHHi all, I wanted to share this quick analysis on the 1h with my followers. There is some interesting behavior on BTC that I've been looking at for the last hours that I want you to know about. After every smooth run upwards, the price has dropped much much faster than the time it took to gain that price. Now that we're in the consolidation phase as per my previous idea, I want to warn you. The price is relatively high again at ~13,600 and a crash might come soon. Make sure you are not fully in long positions right now, and remember to buy low and sell high! -Trading-Guru
BITSTAMP:BTCUSDShort
by Trading-Guru
13
Bullish Ethereum Will Soon Find Resistance!Here on Ethereum we can see two very interesting consecutive trade set-ups based on the recent fib retracement. All information is available on the chart, but it boils down to making use of a few very important levels: the 0.5 fib reversal level and the $400 psychological resistance. I suggest a long position towards ~$395 and then a short position back to $375. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:ETHUSDLong
by Trading-Guru
5
Parallel Ascending Channel on NWC Creates Great Long OpportunityHi everyone, In this analysis I want to keep focusing on NWC, one of the smaller market cap coins that I discovered recently that has a lot of upwards potential. After a very successful previous idea of looking at the confirmation of the bullish retest we see that the technicals can give us a good indication of how to trade NWC Newscrypto. Right now the price is trending upwards inside a parallel ascending channel. Whenever you trade channels it's important to find a place with maximum risk reward. For this, we can use the age old buy low sell high principle. The best place to enter a trade is when the price bounces off the lower support line. We see that the price is EXACTLY at the lower support at the moment, giving us a great opportunity to buy low. The sell can be defined by many different indicators. You can choose to enter a scalp trade and hold it for a few hours towards the upper resistance, or you can choose to use it a great entry for dollar cost averaging into this asset to hold for the longer term and aim for profits of 50% and higher. Combining with the fundamental analysis we see that today new functionality was added where users are now able to leverage apply pay to buy NWC tokens. This will bring greater accessibility to this coin to a large audience of all 1 billion apple pay users. Since NWC was only available on KuCoin (and HitBTC but I suggest to buy it on KuCoin) this could lead to a large influx of new users and therefore an increase in price. I suggest a long position here on NWC. Good luck! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
7
Bullish Retest Opportunity on NWC In this analysis I am going to break down all the most important technicals on NWC/USDT and explain how to make use of all of them to come up with a nice 3+ risk reward trade set-up. After the price has been coming down from the all time high we see that two major horizontal support zones have been formed. The lowest one (level II in the chart) has just been confirmed twice, with proving very strong support. The highest one provided support earlier on in the chart but now got broken recently around the 1st of October. Bear in mind however that all altcoincs went down recently and that a drop in price of any altcoin is not necessarily due to the company's performance but might also be due to general market conditions. Even after the price breaks through a zone you can still keep the zone on your chart as the area might be useful later. In this case we see that through an S/R flip the old support zone will turn into resistance first, and now potentially into support again! I will monetize on this scenario in this trade set-up by suggesting a long position using a bullish retest on the 4h. For this trade I suggest an entry near the horizontal support zone at the first level. This is the most logical place for a change in momentum on NWCUSDT. For the stop loss I would look at the second level horizontal support. This is a stronger support area that held many times before, so the chance is relatively low that the price will go below it. For the take profit, the most logical place for the first target would be near the previous ATH, giving a potential profit of 51%. Beyond target 1, we reach the moon area where no clear technicals can give us profit targets. Simply hold beyond this level for unlimited potential. The total risk reward for this set-up would be 3.16. If we look at the fundamental side, I highlighted a few important events on the chart that explain a few price moves. Previously I mentioned the Vera Chain audit that caused a major increase in price. Today we can see that the Apple Pay announcement caused the price to increase by over 20%. The logic behind it is obvious, as more payment methods are being added more and more customers are able to buy the NWC token, increasing the demand while keeping supply stable. This shift in classic economics will always cause the price to go up. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
29
NWC/USDT - When Technicals and Fundamentals AlignHi everyone, The Trading-Guru is back with an analysis on NWC. In this analysis I mix things up a little bit and cover NWC/USDT both from a technical and a fundamental point of view. There are two important horizontal levels on the chart. The horizontal resistance zone marked by the ATH at around 28.5 cents and the horizontal support zone of around 18.5 cents. As this coin has a relatively low marketcap there is high volatility and even a "scalp" trade between support and resistance can already yield 30%+ as shown by this trade set-up. Now, normally I would've suggested to wait for the price to drop to the support zone and buy there. However, besides technicals there are other factors at play here that influence the price. Especially on lower marketcap coins it is important to keep an eye on more fundamental things cause they have a high probability of influencing the price. Today you can see that NWC has had an audit by Vera Chain which went successfully. As a result the price went up already before the support zone was hit. Now after a few hours I think we can safely say that the reversal has been confirmed and I suggest to enter a long position here on NWC. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
6
Guide to Trading BTC During CONSOLIDATION - By Trading-GuruHi everyone, in this technical analysis I will share how to trade BTC in this consolidation phase. The price is relatively stable and the volatility per candle has dropped significantly. Also at 100eyes we can see that way less alerts have been given in the last week compared to the month before. The price moves less fast for any coin at the moment. I have a few suggestions on how to trade during these moments. Make sure you trade smaller fractions of your portfolio and focus on scalp trades mostly inside the yellow area while you hold your larger positions for trading the breakout. The reason behind this is that once the consolidation is over, BTC might make a very large move. A move upwards will pull all BTC pairs down immediately. A move downwards often results in a major drop in the entire crypto marketcap and also results in lower BTC pairs. This is why you'd want to tread carefully and for instance only trade up to 50% of your portfolios worth. This will mean you will have enough money left to trade the larger positions when the actual moves begin. The second advice is about the duration of your positions. If you enter a trade, do so with the aim to leave the trade within a good few hours or so. Time in the market is relatively dangerous at the moment, but there are great short term scalp opportunities. The two opportunities that I highlight in the chart above relate to a short position and a long position within the horizontal parallel channel that BTC is in right now. The channel is roughly between $10,500 and $9,750. Even though these trades are scalp trades only, they still provide a nice 5% opportunity on both ways. Make sure you set the stop-loss directly outside the channel to minimize risk. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Editors' picks
BITSTAMP:BTCUSDLong
by Trading-Guru
67
How to Trade Psychological Support and Resistance - EthereumIn this idea I will explain how you can leverage psychological support and resistance levels for trading ETH/USD. This will help you earn more money while trading, and gives you more understanding about the markets. I have been talking about this for quite a while now, and every time it shows that it works again and again. TL;DR: (Too Long, Didn't Read) Now that ETH is hugging this important $400 level for a while you can make two decisions. First, you can try to monetize the bearish scenario by putting a short position entering close to $400 expecting it to get rejected. Second, you can try to monetize the bullish scenario by waiting for a breakout and using the S/R flip knowledge to trade a long based on the new support of $400. I will split this idea in multiple aspects. First of all, I will go into ETH/USD and explain the most important levels on the chart based on the principals of human psychology. Then, I will explain why I believe the cryptocurrency markets have a much stronger tendency to behave according to these principles than any other markets. Last, I will explain how you can benefit from these concepts. -- What are these psychological levels you are talking about? -- Look at how BEAUTIFUL all the numbers are on my chart. They are all incredibly round numbers, which match perfectly to the levels of support and resistance. The levels that I identified are: $450 (resistance level 2) $400 (resistance level 1) $380 (support level 1) Computer scripts don't come up with these round numbers, humans do. You can see human trading behavior at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms. Let's compare the different kind of support and resistance lines you can draw. First, there are the most common ones based on past price behavior. A local high will be extend on the chart to indicate that this has been a point where price has historically bounced. This has medium predictive power. Secondly, there are psychological levels without any price action. Simply looking at a chart and seeing ETH is about to hit $400 should make you conscious about having psychological resistance. You can add these lines to your chart. Thirdly, there is confluence between psychological and price based support or resistance. Those are the ones I charted here for you. These have incredible predictive power. Keep an eye on them. They are important. A great way to confirm these level is by zooming out and going back in time. I tried to show it on the chart here, but it would simply get too cluttered if I show you multiple timeframes. If you take these levels, and you zoom out, you see that the same levels are important over and over again. These levels can perfectly predict highs and lows throughout months, even years. This is why you should always add these on your chart! It works 100x better for USD pairs than for BTC pairs. So don't forget to look at your USD pairs too when you are trading. Also, you can see the price responds very heavily to breakouts. Whenever the price moves beyond a psychological level, you can see extremely strong and sudden price movements. I marked a few of these examples in green on the chart for you. -- Why do cryptocurrency markets have a strong tendency to have these human levels -- It's simple: liquidity. The big banks with their big algorithms have the task to take one billion, and turn it into two billion. The entire marketcap of Bitcoin is only 125 billion, the trading volume for BTC USDT is only around $500M on a given day at the largest exchanges. It's simply not lucrative. The only thing you can do in the current crypto markets, is take your one thousand dollars, and try to turn it into two thousand. This scales a bit further on the larger market caps such as BTC and ETH, sure, but for a maxium you can make try to turn one million into two million. That's pretty much it. The conclusion of all of this is that the big algorithmic traders don't even want to be here, they couldn't care less. This is a field for traders who play with crypto as their hobby, people with some spare time on their hands. Perhaps.... you! The reader. And me, yours truly. There are normal people trading on the cryptocurrency markets. This is what causes the price to have these decimal-perfect support and resistance zones. And this is why you'd want to put so much attention into these areas while trading cryptocurrency. -- So, How Do I Beat Other Human Traders? -- Think carefully about where you put your limit orders. If the resistance is at 9200, don't put your limit order at 9201 right above a huge resistance. Be smart, and put it at 9199 or even a little bit lower. This reduces your profits only slightly, while greatly increasing the odds that your limit price will be hit. This also works for buy orders, never put those on round price levels. Instead, look for non-round numbers slightly disadvantageous to the profit, but very positive for your hitrate. And then of course there is other expected behavior, based on regular support and resistance technical analysis knowledge. To trade based on support and resistance levels, we try to buy close to the support and sell close to the resistance, or for a short the other way around. Now that ETH is hugging this important $400 level for a while you can make two decisions. First, you can try to monetize the bearish scenario by putting a short position entering close to $400 expecting it to get rejected. Second, you can try to monetize the bullish scenario by waiting for a breakout and using the S/R flip knowledge to trade a long based on the new support of $400. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Editors' picks
COINBASE:ETHUSD
by Trading-Guru
36
Bearish BTC Finds Itself in a Parallel Descending ChannelHi everyone, I'm back with another analysis on BTC/USD. After looking at the wedge earlier on, we will now look at a more conservative downtrend from the parallel channel. The wedge from my previous idea got invalidated quickly. BTC isn't moving as fast downwards anymore as it did before. It seems the downward momentum has slowed a bit. However, we can still spot a parallel descending channel with a downwards direction. I will attempt one more trade set-up that is focused on this more bearish scenario. There are two ways to trade this. You can either trade the price downwards with a short from $11,600, or trade the price upwards with an entry around the $11,250 area after a bounce on the bottom support area. Take special note of the confluence between horizontal support and the support line of the channel. This is a strong indication of a powerful support. For now, the TA shows that BTC will move downwards still for a while. A big move or some newly found momentum can change things again. Since it's the weekend, a short is relatively safe. But be careful when holding it overnight into the new week. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDShort
by Trading-Guru
9
22% High Potential Trade on BCH/USDIn this technical analysis I will walk you through BCH/USD and how you can earn 22% by using this fantastic trade opportunity. We've seen that BCH is in a parallel channel with no clear indication of trend. This means that the price is oscillating nicely between a resistance and support. Since the price is now at the lower part of this channel, we can go in with a long trade towards the upper part of the channel. Based on the chart you can see that any buy opportunity around $270 will be a good entry, and any sell opportunity around $340 will be a fantastic exit. Make sure to put your limit orders slightly away from those levels, for instance an entry around $275 and an exit around $330. This maximizes your chances of being hit. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:BCHUSDLong
by Trading-Guru
10
XRP/USD Heavy Trading Volume Blocks The Way To MOON AREAIn this idea I will go into XRP/USD and use technical analysis to highlight the most important aspects of XRP right now. Both through the volume profile and heavy trading zone we can see some interesting behavior. Let's start with the horizontal support zone at the bottom. This area got confirmed multiple times, showing it's strength. After the latest confirmation, a long trade seems like the only wise idea. I don't expect the price to fall below this zone for a while. Then, let's look at the volume profile and the heavy trading zone. There's two things that stand out. First of all the ~30 cents level is incredibly important to XRP. Possibly showing signs of psychological support and resistance. Second of all, trading in this area will generate a lot of trading volume and might slow down price movements and thus volatility. However, if the price ever breaks through such area, we might expect some mooning potential as the price is free to continue after leaving the bears behind in that zone. We've seen this happening before already at the area I marked with a break-out. The price grew by 8% within just a few hours! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:XRPUSDLong
by Trading-Guru
8
COVID Long CZK/GBP: Long-Term Strength of Koruna, TA for EntryThe Czech Republic is poised to strengthen against the British Pound for the following reasons. The Czech Republic is uniquely positioned to recover better than the United Kingdom as an advanced manufacturing-oriented country, predominately producing cars, trains and engineering equipment. Following the one-time shock effect of the COVID-induced public health and ensued economic crisis, despite short-term decreases in the demand of personal automobiles, production of vehicles will be relatively intact, although the composition of types of vehicles may differ. Through the ECB's newest stimulus plan, Europe is subsidizing the purchases of new cars, particularly those that are more environmentally-friendly, furthering the effort to become greener. With regard to the outlook for a weaker pound following recent broad-based strengthening, we propose a two-year hold period because then talks for the Scottish quest for independence will rise to the forefront again. Scotland is one of the most valuable components of the United Kingdom and with an average polling of 54% of British citizens wanting to split from the UK, as of now, there is a tilt towards the likelihood of the split. In addition, Mr. Johnson's recent trip is likely to backfire and strengthen the desire to split, and given the Coronavirus pandemic there has been a surge towards the desire for independence, with polls increasing from 49% in March, making this the longest period over which yes votes outnumbered those for a no. Technically, time the trade by going long upon falling back to the resistance level, which we hold to be 0.034223, and holding through the British elections in two years. This resistance level also represents the 38.2% retracement from the last stark uptrend, a technically-significant level given the Fibonacci levels. See the chart for the previous testing, and strengthening, of the resistance. Fundamentally this trade is driven by the likely future increase in external demand following the coronavirus crisis. think.ing.com
Long
by LaurenTrading
Text-Book BEAR Flag on EOS/USD Tell-Tale for SHORT PositionIn this idea I will explain what a bear flag is and how this information can help us position ourselves for a nice short trade on EOS. A Bear Flag is a bearish continuation pattern. It is formed when after a strong drop, an ascending channel is formed where the price bounces back and forth. The bullish version creates a view that looks similar to a flag and a flagpole, from which the name is derived. If at some point the channel is broken downwards, a second downward movement can be expected. EOS is trading in exactly such pattern after yesterday the whole market had a big dump downwards. I suggest a short trade set-up here on EOS where the take profit is close to the 2.40 level Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:EOSUSDShort
by Trading-Guru
5
ETH: Clean and Realistic 10% Opportunity [In-Depth Explanation]In this in-depth technical analysis I will explain the two most important horizontal support and resistance levels right now that I believe you should add to your chart. Then I will explain how you can trade the current ETH knowledge we have and turn it into a 10% profit. Hi everyone, Trading-Guru here with another update on Ethereum. Since the markets didn't move much recently, I decided to take some time working on the bigger projects I still have in the pipeline. I am going to publish some really high quality trading guides completely for free and have started a redesign of my website. Follow me here on Tradingview or on the scanner pages on Telegram and keep an eye on my profile to learn where and how to access these! So without further ado, we can see two major levels on ETH right here. The first one is the $225-$227 area. This level initially turned out to be a strong form of resistance at the end of April. For those of you who didn't forget about that zone it turned out that it could earn you a lot of money later on. We see that a classical S/R flip played out here. The level that was resistance first, turned into support later. Still giving importance to this level even after the price broke through it. I am suggesting to keep this level on your charts and use it for a trade, where should the price retrace to this level again, you can enter with a long position. Then, let's look at the $250-$254 level. This level came to be suddenly after the rally from 26th of May to 2nd of June ended on a high of $254. When the price got rejected at this level it retraced very quickly to the $225 level. Next up, there were another three attempts at the ~$250 level and all of them failed. So when keeping this in mind for our trade, I suggest that you take profit directly below the level of $250. All of this combined gives us a really nice 10% trading opportunity on ETH with fantastic risk reward. Enjoy! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITFINEX:ETHUSDLong
by Trading-Guru
12