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NZD/CHF Third Reversal in a Row, Starting New Bullish TrendWe can find a triple reversal here on NZD/CHF. The price is behaving incredibly trendy and every time the price decided to go into a direction, it kept going in that same direction for a long time. Now that the price has made an extreme move of 3.50% here in just 5 days time, we can see a first sign of a local bottom. If the price continues its new trend, we can expect a longer move to the upside of NZD/CHF, which is a scenario we can monetize using a long position. 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
3
BTC/USDT Back in Ascending Parallel ChannelIn this idea I will break down the price behavior of BTC/USDT and explain how an ascending channel and a fib retracement are playing an important role. BTC/USDT was following an ascending channel but just had an attempt to break out of the channel. We have seen strong support again on the 8750 level, an area where the price has traded a lot recently. The price just moved back into the channel, giving this pattern another chance. When trading an oscillating price between the support and resistance trendlines of an ascending channel, you would want to enter a long position near the bottom of the channel for maximum risk reward. Since the trend is bullish in such a channel, we can enter the trade with a bullish bias, making it more favorable to long the supports than to short the resistances. Also, if we look at the fibonacci retracement, we can see that taking the low from 16th of April to the high of 30th of April, the .236 level is very important. The price has stuck to this line very often, finding resistance or support near this region. This time it was support during the fake out. This gives us more reason to believe a long position now is a safe bet, and that the bulls will protect us if bears suddenly try to push the price down. 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
16
BTC/USD RSI Overbought Strategy In this idea I will look into detail how the Relative Strength Indicator has been behaving recently and how it can help us to predict the price of BTC. The RSI is a momentum indicator. If it increases above the value of 70 we can call it an 'overbought RSI'. This indicates that the price has received an unsustainable upward price momentum, and we expect the price to quickly move back to a more balanced RSI. The neutral RSI is 50. If we look at the recent 15m behavior of BTCUSD we can see that the RSI has been overbought three times. After each time a sharp drop in price occurred. Now that the RSI just had another overbought signal, we can make a prediction on the extension of this behavior and monetize the scenario by adding a short trade set-up. I chose the closest price support level for the take profit of the short, to have a maximum probability of reaching our profits. 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!
Short
by Trading-Guru
22
ETH/USD Detailed View on Next Buy AreaIn this idea I will explain break down the price behavior of ETH/USD and explain how an ascending channel and psychological support lines can be used to find the next area Ethereum will find support. On this area you will be able to enter a long position trade. In my previous idea I went into more details how I expect ETH/USD to move towards $240 over the coming month. Also, I explained the importance of psychological support and resistance levels and explained the ascending channel ETH is in at the moment: In this idea I want to zoom in a bit and look at the 15m timeframe. This explains further the importance of the lines I drew on the 4h chart, such as the middle line of the ascending channel that has acted as support before as well. There are two options now, the price might find support already on the middle line, after which we can enter a long trade. However, I personally want to wait until the price drops closer to the bottom of the channel and plan to buy near the psychological support of $200. This level has caused much volatility before, and I think many people will put their stop loss around this area. This is usually a great place to position your longs. 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:ETHUSDLong
by Trading-Guru
5
How to Trade This Ascending Parallel Channel on XRP/USDThe price of XRP has had a massive price boost of 21%, in little over one day. This unsustainable behavior was marked by a long zone of overbought RSI levels. After the price finally hit a temporary top, space was created for a healthy retracement. This is something very reasonable after such a boost. Now, we find ourselves in this ascending channel. The RSI had the opportunity to cool down a little bit and we see a slow upward trend for XRP again. I expect that it is preparing for another volatile move upwards. It might first wander around the channel a little bit, but once the price breaks out you need to start paying serious attention or use a crypto scanner to get notified. There are two ways in which you can trade this channel. First of all, you can wait for the price to retrace to the lower areas of the channel and go in for a LONG position. Second of all, you can keep an eye on the resistance and once the price starts breaking out, you can monetize the volatile bullish scenario. Personally, I try to keep using the rules of buy low sell high, so I would not want to buy after a series of green candles. I recommend waiting for the price to drop a bit further and then hold the price until breakout. 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
4
Double Top Fractal on GBP/USDThe double top is a bearish pattern. What is interesting to see is that GBPUSD is making a perfect fractal here on the second top so far compared to the first top. Even the two larger volatility candles where the rush to the top and the strong rejection takes place get copied exactly. They have a 16 days distance in-between them. The most logical scenario is now to monetize the continuation of the fractal and hold a short position when GBP/USD starts the new tradingweek. There is a slight bullish offset from the first pattern to the second, so you could consider setting the take profit slightly higher and therefore more conservative. 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!
Short
by Trading-Guru
7
BANDBTC Just Bounced From a Very Strong Support ZoneHey all, here’s another entry on my tradingview series called 'Quick Updates'. BAND Just hit this very strong support zone for the fourth time. We can go in for a nice support and resistance trade set-up. I used a trendline this time as resistance instead of a horizontal resistance zone that I normally use, because the bulls has been facing more difficulties recently. There is slowly a descending triangle pattern forming, to create the maximum chance of getting a successful trade out of this I decided to place the take profit slightly more conservatively. --- 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!
Long
by Trading-Guru
3
Don't FOMO here on LTC (Some words of advice.)I'm going to give you a few words of wisdom, so pay attention. Don't FOMO Buy. We've been seeing massive moves over the last few days and it's impossible not to feel left out. But don't suddenly start trading positions that will give you +30% or +40% gains. If you want to still be around in the long run, if you consider yourself a serious trader, keep scalping those simple and clean trades. I present a 8.5% long opportunity here on Litecoin. I'd say it is already on the high side. We see a nice bounce here on the $51 level that we can connect with resistance we've seen in early March. The resistance we had from early April is now turning into support through the S/R flip. We have all the ingredients for a nice long trade here. The markets are bullish, and this is a very healthy retracement. This could be a great moment to enter a position on LTC. Stay safe everyone. 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! Recent success stories
COINBASE:LTCUSDLong
by Trading-Guru
7
Don't Miss This Descending Triangle for XBT/USD!The bulls are very strong right now. We've just seen them taking a shot at 9400, confirming the descending triangle. However, with some of the bears stopped out the bulls might return stronger than ever. The scenario I want to share in this idea is the opportunity for another rally, this time breaking through the upper resistance of the triangle. When that happens, things can suddenly really take off. In such a case I would expect BTC to move to levels of around $10000. If you want to be safe, you could add your take profits slightly under the psychological resistance of $10000. With the RSI being overbought right now (>70), I do expect that the price momentum will need to cool down a bit before it can continue another upwards move. That's why I gave it a few days to prepare for the next rally. 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!
BITMEX:BTCUSD.PLong
by Trading-Guru
6
Ethereum - The Journey to $240In 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. We can see that ETH is currently experiencing a strong linear upwards trend. Through the ascending parallel channel you can see we are currently more likely to increase in price every day than we are to decrease. This gives us a bullish bias that can help us position ourselves for a nice long trade. I suggest to wait with the buy order until the price goes lower towards the strong level of $200, then get ready for a trade to reach levels near $240. 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: $290 ( resistance level 3) $240 ( resistance level 2) $200 ( resistance level 1) $175 ( support level 1) $150 ( support level 2) $125 ( support level 3) $90 ( support level 4) 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 $150 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. -- 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. 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:ETHUSDLong
by Trading-Guru
21
EUR/JPY is Inside a Descending ChannelIn this analysis I will go into depth on the descending channel. There are a few properties of the channel that make this moment a great time to enter a short trade on EUR/JPY. First of all, the channel is sharply declining. This means that the likelihood of each subsequent candle being red is slightly larger than it being green. This gives us a negative bias, favouring a short position. Since the price is currently near the top of the descending channel, we can getthe best risk-reward for trades using support and resistance lines. If the price does break through the resistance in the end, the loss is minimized. If the price follows our idea, we maximize the profits taking full advantage of the width of the channel. Lastly, forex is very trend heavy. Since we see a negative trend here for EURJPY that already lasts for almost a month, we can try to get some nice trades in. 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! Recent success stories
Short
by Trading-Guru
6
XRP Sudden Massive Volatility Increase [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'. The price is really close to the support now, which gives the best risk-reward for trades using support and resistance. If the price does break through the support in the end, the loss is minimized. If the price follows our idea, we maximize the profits. This is a great moment to enter XRP! --- 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. www.tradingview.com 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! Recent success stories
Long
by Trading-Guru
10
EUR/JPY Trading Near Support Zone of April 2017Hey all, here’s another entry on my tradingview series called 'Quick Updates'. By all means, this trading area can be seen as an All Time Low within the shorter timeframes. We have reached levels that were last seen on April 2017. It is rare for a price to break through such levels, which means we can start trading with a bullish bias. The first opportunity to use this bias is here on a nice support and resistance trade set-up. The support just got confirmed, so let's quickly go into a trade here. --- 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!
Long
by Trading-Guru
4
ADABTC Unsustainable Growth. Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We can find this clean RSI Bearish Divergence here on ADA. With the extremely overbought RSIs of over 80, we can get our first indication of an unsustainable price increase. After we also get the bearish divergence, we get yet another signal the price is about to drop again. I showed a possible short trade on the chart, in order to monetize this scenario. --- 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!
Short
by Trading-Guru
4