Bullish ETH/USD Is On The Way To $253 - Ascending TriangleAll information can be found on the chart. Feel free to DM me if you have any questions.
PAIR
BTC/USD Approaching Pivotal Decision MomentIn this idea I will explain the recent price action of BTC and show you how to prepare for its next move.
Currently we are witnessing a bearish retest on the S/R flip. Support and Resistance levels can usually be re-used after the price broke through. A level that used to be support, and turn into a level that can be resistance. More so than historical price action, these levels show that trades care about its existence.
Right now, BTC is hovering around this point again of breaking through such a support or resistance. This is a pivotal moment where a break out in any direction be utilized. If we see it breaks out north and the price goes up. We can expect prices as high as $10,000. However, if it breaks down south, price of $9,300 are more realistic.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
EUR/USD 110 pip Horizontal Support and Resistance Set-UpThese support and resistance levels have been proven to be very important in the recent history. You can zoom out to understand how these zones have impacted the price before.
I present a nice short set-up here. After confirmation of the horizontal resistance area , we can go in for a nice trade towards the first level support.
The support level I chose to exit this trade is a relatively quick one. There is much uncertainty in the world right now and with all the news about Minnesota it is not clear what will happen during the weekend.
I suggest to use this weaker level, that under normal circumstances would be very conservative, however in these times I suggest taking more frequent shorter trades.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
XRP/USD Retracement To S/R Flip Gives Great Scalp OpportunityWe get the opportunity here to short trade XRP/USD and monetize the situation that it will retrace first, before getting ready to break through the resistance.
I know that this isn't a 350%+ trade, so the moonbois will be disappointed in me when they read this. I made this idea for the true traders, who know that a few % per day will get them the financial stability they want based off trading. It's the trades like these where the real money can be earned.
All further information for the trade can be found on the chart.
A little known trade that crushed it the last 6 monthsThis trade has been my #1 Money maker over the last 5 months, and I just wanted to share it to broaden the scope of what most people on this platform think of as trading while also potentially providing a framework of analysis from which to make more trades. This market volatility has exposed a ton of potential when it comes to trading relative value, both within sectors (airlines, cruises, travel, hospitality, etc) and inter-market.
XRP Continues To Deliver Profits [Second Iteration]XRP is clearly bullish over the last week. The uptrend is likely to continue as all cryptocoins are rising and rising.
However, the difficult part is always to determine a great entry position as in this case of a short you wouldn't want to buy too low.
I will continue this idea, after an incredibly successful trade last time:
We can keep using the parallel channel to get a few more good trades in. After the confirmation on this resistance, we can now switch to a short position.
The simple "buy low, sell high" concept is deceivingly difficult. For a short, obviously we have to turn this around.
In this trade set-up I show that in an upwards trending parallel channel, a retracement to the support line can be a great place to buy.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Short Scalp for ETH/USDDay traders pay attention! This is a really nice scalp opportunity. People who only care about fundamental analysis shouldn't read this. Purely based on TA we can find a nice opportunity here for a short position.
The price has closed in on the important $240 level, where we have seen historical strong resistance. Important to notice is that this is not just a price based resistance level, but also a psychological resistance level.
We already get a small confirmation of a retracement, so this is a great moment to enter such a scalp. Leave some room for error by placing the stop loss slightly above $240. For the take profit I chose a price slightly above the important $225 level. By putting it a bit higher we maximize the chances of our limit order to get hit.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Bullish Scenario for BTC: What will happen after the resistance?Hi everyone, for this trade on BTC/USD we will look at this parallel ascending channel.
BTC/USD has been moving beautifully along this channel with a very bullish momentum. The bears have been left behind at around $8,800.
The momentum has been very consistent and upwards, creating much FOMO beyond doubt.
The price is at a small resistance now, and if it breaks through we can see a move as high as $10,000.
There are two scenarios here, either the price gets rejected at this resistance, and BTC will show some weakness again for the first time in a week. Or the price will break through the resistance and we'll see a nice volatility spike. I charted for you the scenario where it breaks through the resistance.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
AUD/USD with Ascending Triangle [QUICK UPDATES]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
On AUD/USD here we can see a nice ascending triangle. This is a bullish pattern, where we expect the price to break through the upper resistance line eventually. Every time the price has hit this area the price has bounced back, but each time slightly less. This means two things: 1) with each subsequent attempt to break through the resistance, the resistance becomes weaker, and 2) the bears are becoming weaker as their momentum is decreasing after each bounce.
I expect that at some point the price will break through the triangle and we see a very bullish break-out. We can monetize such a scenario with a simple long trade. All the numbers for the trade are in the chart.
--- What is The Quick Update Series All About? ---
I have started a tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
BTC/USD in Parallel Ascending Channel, Great Moment To Enter!Hi everyone, for this trade on BTC/USD we will look at this parallel ascending channel.
BTC/USD has been moving beautifully along this channel with a very bullish momentum. The bears have been left behind at around $8,800.
The momentum has been very consistent and upwards, creating much FOMO beyond doubt.
Make sure that if any pair is uptrending, you don't enter on a high. This recent retracement of the last few hours towards the bottom support line of this channel give us a great entry opportunity for a very bullish pair.
For the exit on this trade, consider the resistance zone around the strong psychological level of $10,000. Make sure you leave the trade before this area, as it can trigger a very volatile response.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Maximize Your RR By Buying High In The Bearish Gold MarketIn this idea I will explain how to trade gold, now that we have information directly after the market has opened.
Now that the gold market is open again, we can immediately see the bearish trend of the gold price. The price went down about 1% and reached $1720 within only a few hours.
This is an indication to me that the recent uptrend of gold will be over for a while, and that we're looking for a small consolidation.
I charted a scenario here that can monetize this behavior, by using the newly found horizontal resistance area.
If we look at the previous gold idea here with the symmetrical triangle
We can see that the price moved according to the bearish scenario, but didn't go down all the way to the support zone. I suggested to cancel that trade as the technicals are no longer valid, and now suggest to move to the current set-up where with a bearish signal, you should try to get a buy in as high as possible, to maximize your risk reward.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Add This To Your Chart Before Trading Gold This WeekAll info and explanations can be found on the chart. I literally do all of this for free, a thumbs up would be really appreciated if you like my work.
BTC Reaching Text-Book Bear Flag [In-Depth Explanation]In this idea I will explain the current price action on BTC /USD and go into depth on how we can identify a 'Bear Flag'. Finally, I will explain how to trade this pattern. Continue reading to learn more about this!
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Hi everyone!
I'm back with another analysis here on BTC /USD. I haven't been posting actively on Tradingview for the last few weeks as I was busy working on a really great new crypto indicator for Tradingview (I published it under my name, you can find it on my scripts). Also, I have started to spend more time writing down educational content for all of you on the most important indicators. Follow me on Tradingview to make sure you get the notification when I publish the guides!
Here on BTC /USD we can find a bearish pattern called a 'Bear Flag'. A Bear Flag can be found during a downtrend where a sudden price drop is followed by a narrow trend range in an ascending channel where the price is oscillating between the top resistance line and the bottom support line. The continuation of such a pattern is usually followed by a very similar harsh downtrend that started prior to the ascending channel . The name of this pattern comes from the resemblance of an inverted flag on a pole.
On the right hand side you can see the theoretical way such a pattern plays out. This text-book bearish pattern can then be monetized by understanding the expected price behavior that gets translated into the practical use-case on the left. Obviously, for a bearish pattern you would enter a short position. But let's go a bit more into depth on what possible entry positions would be.
For the entry position, I'd stay with the text book movement and expect a decline from the top resistance line. A logical place would be around the $9500 level. This is a good place to enter a short position.
For the take-profit, you can utilize other information on the chart, such as this horizontal support zone. A great place to leave the trade is around $8850.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
STEEMBTC Massive Volatility Increase After Controversial UpgradeThere is a lot of news around Steem recently. Binance expressed clear concerns around their blacklisting procedure and doesn't even want to support their latest upgrade.
All of this has been translated into massive price action, crazy volatility, and large volume spikes.
All-in-all: happy times for trades like us!
We do see some interesting patterns within all of these pump and dumps, and if you're feeling FOMO I suggested a set-up here for you how you could also try to enter a trade and benefit from some of these juicy gains.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
NQ-ES Pair Trade
Online/tech businesses have fared better than brick/mortar but the spread between the Nasdaq and SP500 indices has overextended and rejected off a long term trend line. Recommend short NQ futures and long ES futures contracts in equal number.
XRP/BTC - Short the Bearish Restest!We see a very interesting support zone on the daily here on XRP/BTC. This zone has been important already 4 times before in the last year. Now, XRP has seem some negative news lately and broke through this incredibly important support level.
Through an S/R Flip we can trade this symbol with a short set-up. The previous support might turn into a new resistance, which is a bearish scenario we can monetize with a short. I gave some suggestions for stop loss, entry, and take profit in the chart.
Remember that the closer you buy near the old support zone, the better your risk-reward will be.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
BNB/BTC With a Massive Risk-Reward Ratio Opportunity!Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
On BNB/BTC we see a great 10% trade opportunity with a fantastic risk-reward. The support zone around 0.00167 has held already for three times, showing its strength.
If the price drops again to this level, it will be a fantastic place for a buy limit order. The lower to the support zone you can get into the trade, the better your risk reward.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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!
